If you're trying to sell a home or condo in the valley there is some good news.
Compared to the same time period last year home prices are up quite a bit.
It's a good day for realtor Brady Sandahl as he celebrates with two new homeowners.
They just purchased a 14-hundred square foot home in Palm Springs.
The closing price, more than $500-thousand dollars.
"I think the thing we really need to focus on is the quantity because that tells us that as value continues to happen buyers are coming to the table and closing," added Sandahl.
According to a report just released from the Palm Springs Regional Association of Realtors, the median home price in the Coachella Valley rose 31% in April, compared to the same time last year.
The median price jumped from $150-thousand dollars to more than $190-thousand dollars.
"The report regarding pricing always brings out great controversy, so the things we really look at is pricing, but we also look at sales counts and from a realtors perspective we want to look at both of those very carefully. the thing that excites me most is that more buyers are buying now then they did in 2009," said Sandahl.
Currently across the valley, there are around 5 thousand active listings for homes and condos. Of those 40 percent are priced at or below 300-thousand dollars.
"While prices are perceived to be going up, the reality is more people are buying, it truly is a buyers market, the value is there and sellers are responding, going into contract and closing," added Sandahl.
New homeowner Adriana Eiriz is thrilled with her new vacation home and has this advice for people looking to purchase:
"You have to be a little patient, because there is a little bit of everything out there," said Eiriz.
