Palm Springs | March Market Update

by Brian Piper

🌴 Palm Springs Real Estate Market Update – March 2025

Luxury Trends, Investment Insights & What’s Next

Palm Springs continues to hold its position as a premier destination for luxury homebuyers—and March 2025 proved that demand for mid-century modern design, resort-style living, and turnkey investment properties isn’t slowing down.

🔍 Market Overview: March 2025

Median Luxury Home Price: $1.89M (+7.4% YoY)
Days on Market (DOM): 32 (down from 45 in March 2024)
Inventory: Down 11%, creating competitive buyer conditions
Cash Offers: 62% of transactions were all-cash deals

Palm Springs is in a seller’s market—limited inventory and high net-worth demand are driving price appreciation, especially in hot neighborhoods like Vista Las Palmas, Old Las Palmas, and Indian Canyons.

🏡 Buyer Trends in 2025

L.A. and Bay Area buyers continue migrating here for second homes and tax-advantaged relocation.
Short-term rental investors are targeting modernist homes with permitted STR zoning.
High design is commanding premium—restored Alexander-built homes are fetching 20–30% over recent comparables.

📈 Forecast: What to Expect in Q2 2025

Continued inventory shortage due to slow new construction
Surge in off-market and pocket listings
Increased demand from international buyers, particularly Canadian snowbirds and UK investors

🔥 Pro Tip: If you’re a seller, this is your pricing window. Leverage the current low inventory and prep your home for peak spring exposure.

💬 Final Word

Palm Springs is in a luxury renaissance. Prices are rising, inventory is shrinking, and design-driven demand is rewriting what buyers are willing to pay for style and lifestyle. If you’re looking to invest, relocate, or sell in 2025, the window to act strategically is right now.

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