07/31/2026
It's summer in the Coachella Valley, and with only 9 new listings on this week’s Palm Springs Home Caravan, new options were a bit sparse. Based on past indicators, this lack of new listings combined with lower current inventory suggests we're in a slight seller's market. However, past seller's markets have usually driven increased sales — but this year, with mortgage rates seemingly stuck in the mid-6's and the cost of living rising dramatically, a large share of buyers are staying on the sidelines.
When we talk with past buyers and those we are currently working with, both groups say the same thing: they want an honest value. When asked what "honest value" looks like, the answer is simple. The asking price itself doesn't really matter — what matters is that the property's condition matches its price. If a home is priced based only on low inventory or price-per-square-foot for the area, without factoring in condition, most buyers won't even make an offer. Those who do will typically open 10–15% below list.
This week, we toured 3 of the 9 new listings. All are single-family homes in Central Palm Springs. Full home details here => https://tinyurl.com/PSHomesInJuly
1165 Abrigo Road - $2,975,000 – Vista Las Palmas
Located in the foothills above Old Las Palmas, this home has all the amenities you could want in a luxury residence — close to downtown, with views, a large lot, and recent renovations.
1508 E. El Alameda - $1,229,000 – Movie Colony East
Our pick for "Honest Value" & featured photos from our tour!
This home's warm vibe starts at the front door and carries through with an inviting mix of modern living amenities, high-end appliances and finishes, and Spanish Colonial charm. There isn't a thing to do except enjoy the beautifully curated spaces, indoors and out.
227 N. Luring Drive - $1,200,000 – Sunrise Park
This home is just off Sunrise Way and one of the newer builds in the neighborhood, from 2000. It needs a slight refresh, but the location, high ceilings, and generous floor plan leave plenty of room to create your perfect weekend or full-time residence in one of the most convenient spots in Palm Springs.
Want to take a look? Drop us a line and let’s get started!
Kevin Rochlitz DRE 01263784
Randy Heyl DRE 02021612
Bennion Deville Homes, DRE 01325548