Desert Hot Springs
Homes for Sale in Desert Hot Springs | Desert Hot Springs Living
The median price for detached single family homes in Desert Hot Springs was $219,900 for July 2018. This represents a year-over-year July increase of +12.8% and an increase from the 2011 low of +158.7%. However the median home price is still off the 2006 high by -25.5%.
The median price for attached homes (condos and town homes) in Desert Hot Springs was $186,500 for July 2018. This represents a year-over-year July increase of +20.3% and an increase from the 2011 low of +116.9%. However the median home price is still off the 2006 high by -38.4%.
In fact, the median price for Desert Hot Springs single family homes is the lowest in the valley for July 2018. But that may be all about to change, thanks to the new crop in town.
Desert Hot Springs has long been a destination for visitors seeking an authentic spa experience in a natural desert environment, so the economy was spa-driven. Although there are many local mineral water day spas and resorts with fresh, pure mineral water for swimming and relaxing a new crop has arrived in town. Following a municipal bankruptcy in 2001 further exacerbated by a housing bust several years later, Desert Hot Springs was one of the first communities to embrace marijuana cultivation on an industrial scale. It is estimated that taxes from industrial marijuana cultivators added $1,000,000 to city coffers in 2017.
Some long overdue city improvements are now in the works... a new city hall, Mission Lakes walking path park, new playground equipment and various park improvements, bicycle and pedestrian improvement projects and more are budgeted for.
There are several builders offering brand new homes for sale in Desert Hot Springs offering you the opportunity to choose options and finishes. There are some lovely resale homes for sale in Desert Hot Springs. Mission Lakes is a great community that is very popular due to the golfing privileges given to two owners on title.
When you want to discuss desert living, homes and neighborhoods in Desert Hot Springs please be sure to contact me at (760) 333-3160 or email vickie.nagy@CAmoves.com