Top Locations Should You Invest in the Palm Springs Real Estate Market 2019? by Heba Baker January 3, 2019February 4, 2019 by Heba Baker January 3, 2019February 4, 2019 If you’re looking to make your next investment in one of the southern cities of the California real estate market, Palm Springs investment properties are the way to go. Why? There’s a number of reasons- from the market cooling down to favor buyers, to the increase in home values and more. Here are all the details you need to make a confident investment in the Palm Springs real estate market 2019. Related: The 10 Best Places to Buy Rental Property in California in 2019 Why You Should Invest Now that we’re in 2019, many real estate investors are trying to figure out what the right investment decisions are for the new year to be a profitable one. Although the country ranges from cool markets to hot ones, one thing’s for certain- the US housing market 2019 is balancing out. Experts have been expecting the market to regain some balance in terms of housing inventory and return to normalcy. But let’s narrow things down to the Palm Springs real estate market 2019. Here are some real estate market trends investors should know. Palm Springs Real Estate Market Trends The California Association of Realtors (C.A.R.) is projecting a decrease in California home sales by 3.2 percent in 2019. California home prices are expected to rise by 3.2 percent in 2019, which is below the expected national average of 3.5 percent. The median list price in Palm Springs dropped 4 percent from November to December of 2018. The Palm Springs real estate market 2019 is looking like it’s going to be a buyer’s market, according to Zillow. The current median home value in the Palm Springs housing market is $395,900. Home values are expected to increase by 3.6 percent within the year. This is a continued trend from the past five years in which Palm Springs experienced a 49.4 percent rise in home values. The number of homes on the market in Palm Springs (housing inventory) decreased at least 10 percent last year. Although Palm Springs has recently attracted a younger demographic (much like other desert Californian cities), the majority of the population is older residents; over 68 percent of Palm Springs residents are over the age of 40. These are all important trends to keep in mind when researching a real estate market. And for the Palm Springs real estate market 2019, the majority of these trends are positive for real estate investors looking to buy an investment property. Another trend to look into is the complications of Airbnb rentals. Investors now find themselves having to research any new laws and regulations regarding vacation rentals in order to avoid legal issues. And if you’re considering buying an investment property in Palm Springs, you might find yourself asking about Airbnb. Related: How to Stay on Top of Real Estate Market Trends Is Airbnb Legal in Palm Springs? Because Palm Springs is a popular vacation spot, and many people prefer booking their rentals through websites like Airbnb, it’s very important for investors/landlords to understand their options. Airbnb Palm Springs is legal, but there are some restrictions. For example, new laws are strictly limiting the amount of time hosts will be able to rent out their short-term rental on Airbnb and other such websites. This regulates rental property owners to only rent out one property at a time, with each unit capped at 36 stays per year. If you own the building being rented out, the laws also require you to apply for a license to rent out units. So the Palm Springs real estate market 2019 may have a bit more restriction regarding Airbnb rental strategies. However, this shouldn’t stop investors from making a Palm Springs real estate investment for Airbnb. If you make sure to stay up-to-code with any new laws and regulations, you can expect to make promising returns on your investments. Exactly what kind of returns can you make from investing in the Palm Springs real estate market 2019? Here’s what our housing market data says. Related: 8 Best Cities for Airbnb Investment in 2019 Palm Springs Housing Market Forecast 2019- Mashvisor’s Data With the help of our rental property calculator, Mashvisor has summarized the key return on investment metrics and measures regarding Palm Springs investments. Here’s how investment properties are performing under the traditional rental strategy and Airbnb rental strategy in the Palm Springs real estate market 2019. Median Property Price: $680,824 Average Price per Square Foot: $336 Inventory Average Days on Market: 81 Price to Rent Ratio: 22 Monthly Airbnb Rental Income: $4,342 Airbnb Cash on Cash Return: 4% Airbnb Occupancy Rate: 57% Monthly Traditional Rental Income: $2,633 Traditional Cash on Cash Return: 2% Slightly higher property prices aren’t discouraging buyers from investing in the Palm Springs real estate market 2019. And it helps that there’s clearly a wide pool of renters in the Palm Springs housing market, and the vacationers aren’t going elsewhere anytime soon either. A tighter housing inventory is motivating people to buy quick. With properties getting off the market in less than three months, you want to make sure to find the best property before the competition does. How can you start searching for investment properties in the Palm Springs real estate market 2019? Use our Property Finder to find lucrative investment properties that match your criteria in a matter of minutes! Related: How to Find Investment Properties Using a Property Finder Tool Finding Properties With Mashvisor To show you just how easy it is to find top-performing properties, we’ve used our Property finder to locate potential investments for you in the Palm Springs real estate market 2019. Check out these numbers: Property #1: Listed Property Price: $239,000 Airbnb Cash on Cash Return: 15% Traditional Cash on Cash Return: 7% Property #2: Listed Property Price: $239,900 Airbnb Cash on Cash Return: 13% Traditional Cash on Cash Return: 6% Property #3: Listed Property Price: $229,000 Airbnb Cash on Cash Return: 13% Traditional Cash on Cash Return: 6% These are just a couple of the many profitable investment properties listed for sale in the Palm Springs real estate market 2019. For more details on these properties and others, Sign Up to Mashvisor. This will allow you to use our Property Finder tool; this way you can get a personalized list of properties which match your investment criteria. To learn more about how Mashvisor can help you find profitable investment properties, schedule a demo. Start Your Investment Property Search! START FREE TRIAL AirbnbAirbnb RegulationsCaliforniaPalm Springs CAProperty FinderTraditional 0 FacebookTwitterGoogle +PinterestLinkedin Heba Baker Heba is Content Writer at Mashvisor with a BA in Business Administration. Most of all, she enjoys writing about the constantly changing markets in the US real estate industry. If not writing, Heba is exploring and learning. 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