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Marcanne Green Real Estate
Mobile: 1-760-485-5182 Office: 1-760-485-5182Website Agent Listings Contact Marcanne Green
The city of Palm Desert, California, isn’t quite Los Angeles, but it is close enough to have that LA appeal still. While it does not have direct access to the coast, you are still only two hours away from Oceanside, California, where you can find the beaches you’re looking for. Less than 45 minutes away, residents also have access to the Salton Sea, an excellent place for outdoor recreation. But realtors in Palm Desert CA know that their city’s natural attraction isn’t limited to those two bodies of water. The area is famous for its nature trails, breathtaking mountain views, but also the nightlife scene and world-class resort and entertainment facilities. Let’s see what you can expect from living in a city like this.
We all know this. California is expensive. Actually, it is one of the most expensive states, but there is a reason for that. People want to live there. Real estate agents in Palm Desert CA know that if it wouldn’t be for the higher cost of living in California, or if money wouldn’t be an issue, California would be the most desirable place to live. When you have the headquarters of the biggest companies in the world scattered around the state, the cost of living goes up because more people want to live there.
The same happens when demand is high. High demand for housing combined with a limited inventory affects housing prices. If people didn’t want to move to California anymore, housing prices would go down. And as long as there are people who can afford to pay the median home value of $490,000 for a Palm Desert home, prices won’t go down. Realtors in Palm Desert CA are dealing with these prices as the housing market is balanced right now. Still, seeing as between 2020 and 2021, housing prices appreciated by 26%, the balance might start favoring buyers. The selling price is starting to drop lightly even if the listing price is appreciating. Real estate agents in Palm Desert CA can help you make sense of these trends and make the best decision for your family.
With around 55,000 residents, the city of Palm Desert, California, is steadily increasing its population, but the city’s economy might tell a different story. This is also affected by the area’s popularity. Realtors in Palm Desert CA know that having companies located in or around the city’s limits attracts newcomers. With Amazon, UC Riverside, Costco, and Bank of America, among many others, as the city’s biggest employers, Palm Desert’s economy is stable enough to make it through the worst of times. Even when trial and turbulence is felt throughout the country’s economy, the job market in Palm Desert, California, manages to hold its head up and push through.
The city’s median household income was at $60,000 in 2019 after having experienced a 4.17% growth from the previous year. The city’s most common jobs are Sales & Related Occupations, followed closely by Management Occupations. Still, the highest paying jobs are those of Health Diagnosing, Treating Practitioners and other technical occupations, with median earnings of $99,000. These are followed in the job market by Legal Occupations with median earnings of $82,000. When it comes to industries, real estate agents in Palm Desert CA told us that the Accommodation and Food Services industry has the most employees, followed by the Retail industry. Still, the highest-earning industry is Utilities with median incomes of $93,000, followed by Agriculture, Forestry, Fishing, and Hunting, with median incomes of $91,000.
Palm Desert is only two hours away from Los Angeles, California, and a little over two hours away from San Diego, California. These cities attract interesting people, and the area’s industry, literally, makes dreams come true. Stargazing in Palm Desert doesn’t only mean looking up to the sky as stars can just walk in your favorite grocery store. Who wouldn’t want to live there?
The weather is typical for California, however. Scorching during the summer months with temperature averages of 110 to 120, but the Mountains of Idyllwild are close by so you can cool off. From October through March, however, temperatures average around 70, so the air is more comfortable.