Palm Springs Area Real Estate Bucks Nationwide Trend in February

Palm Springs Real EstateHome sales rose 7.3 percent in February across the Coachella Valley compared to the same month a year ago, bucking a downward trend in Southern California and the nation. The latest monthly home-sales tally also rose considerably from January, La Jolla-based DataQuick Information Systems reported.

The 848 existing homes, condos and newly built homes that sold last month in the valley was up from 727 in January, DataQuick reported. Brisk sales of previously occupied condos — a nearly 31 percent hike in year-over-year sales — helped boost the valley’s real estate market, analysts and real estate professionals said.

The Coachella Valley’s home sales increase last month compared to an 11.2 percent drop for all of Riverside County and a 6.4 percent drop across Southern California.

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