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Wednesday, Sept. 25 | ☀️ 106°/81°
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Welcome to Wednesday, everyone, where there is joy in Mudville, the angels are singing, much rejoicing is taking place, etc., because a temporary Riviera sign (we hear the old one will be back soon) is now covering the Margaritaville sign at the corner of Palm Canyon Drive and Vista Chino. We were delighted to first report the change marking the beginning of a return to its roots for one of the city's most celebrated stomping grounds was coming earlier this month, and we'd be even more delighted if it's permanent. Nothing against the Margaritaville brand, but it did seem more suitable for Key West than Palm Springs. Welcome back, old friend!
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🎶 Setting the mood: "The Riviera" by Blossom Dearie
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LEADING OFF
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More for sale signs around the city is a sign of a slower housing market.
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Palm Springs housing prices drop, sales slow
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The Palm Springs housing market is experiencing a significant cooldown, with declining prices and slower sales reflecting a broader slowdown in the Coachella Valley region.
Driving the news: According to the August 2024 Desert Housing Report, the median price of detached homes in Palm Springs has dropped 6.1% compared to last year, now at $1,198,338, while attached homes have seen a slight increase of 2.5%.
By the numbers: Inventory in Palm Springs has risen to 548 units, up from 421 units a year ago, resulting in a "months of sales" ratio of 5.0 months.
Big picture: The trends in Palm Springs reflect the broader Coachella Valley market, where the median price of detached homes has declined to $653,726.
What's next: Industry experts hope that a planned drop in interest rates will encourage more buyers and stimulate the market.
Dive deeper with our complete story
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❤️ Like The Post? Consider supporting us!
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IN OTHER NEWS
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🚨 The person who was stabbed in an apartment complex in downtown Palm Springs on Sept. 10 has died from their injuries. The suspect now faces a murder charge. [Desert Sun]
📽️ Organizers of the Palm Springs International Film Festival (PSIFF) have announced that the upcoming 36th annual event will include screenings in La Quinta. [My News LA]
🏳️🌈 Palm Springs Pride, the yearly event that celebrates diversity and inclusion in the Coachella Valley, needs more volunteers. [KESQ]
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A MESSAGE FROM PALM SPRINGS ANIMAL SHELTER
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Join the Palm Springs Animal Shelter's Trust & Estate Planning Workshop, presented by Jeffrey Orr of Jeffrey Orr Law. Learn about creating and updating estate plans, setting up trusts, financial aspects, and designating charitable beneficiaries.
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Don't miss this opportunity! Click here for more.
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The Dinah pre-party
6 p.m. | Chill Bar
The Dinah, the world’s premier music festival and event for queer women, lesbians, and trans and nonbinary people, celebrates its 33rd year in Palm Springs. Join thousands of other queer people for an unforgettable experience in the desert. It kicks off tonight in The Arenas District.
Citizenship Classes
9 a.m. and 5:30 p.m. | Family Center
The Palm Springs unified School District offers free preparation for the U.S. Citizenship test.
Rotary Club of Palm Springs
12 p.m. | Hilton Palm Springs
One hour Luncheon gathering with weekly changing programs. Go here for updates.
Thriving Sober
12 p.m. | The Center
In-person, closed therapeutic support group for individuals who have 30+ days of sobriety that would like to learn more skills of how to maintain sobriety. Please email debbie@thecentercv.org to sign up.
Planning Commission
5:30 p.m. | City Hall - Council Chambers
There will be in-person access to this meeting at the above location and a remote option for members of the public who wish to speak. Go here for more information and an agenda.
Administrative Appeals Board
5:30 p.m. | City Hall - Large Conference Room
Administrative Appeals Board Meeting Agenda and Packets. Please contact the City Clerk's Office for Zoom credentials and registration to speak.
Open Mic Night
5:30 p.m. | Play Lounge & Cafe
Join Joel Baker on piano and Brian Alec Thom as we sing the night away!
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👀 View all events
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BROUGHT TO YOU BY
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AND FINALLY ...
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🐾 Each week, The Post partners with a local animal shelter to feature one or more of the many animal companions ready for a new home in our community.
Today we invite you to come in and meet Celeste, one of the many felines available for adoption at Frisky Business Cat Cafe.
- Owner Claire Rogers says Celeste is a 15 month old stunning calico who loves attention.
- "She is very friendly but still a tad bit shy," Rogers said, "but we have no doubt she will fully come out of her shell in the coming days."
If you're interested in adoption: You can visit Frisky Business at Rimrock Plaza (where Von's is located) at 4781 E. Palm Canyon Dr., Suite F. Look for the cafe's current hours here.
- All cats available at Frisky Business come from the Palm Springs Animal Shelter. They are spayed or neutered and can be adopted while you sip a delicious beverage or enjoy a tasty treat.
But wait:
Don't want to adopt but still enjoy cats? You can book a time to hang out in the cat lounge by clicking here. |
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