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Palm Springs luxury real estate
National · 2 updates
California’s hottest luxury homes are getting cheaper. But why?
The luxury real estate market in Palm Springs is witnessing notable price drops following an unprecedented surge. Properties are lingering on the market longer and frequently selling for less than their listed prices. This trend suggests a cooling off as inventory levels rise. On average, home values have slightly dipped compared to last year, marking a shift after a period driven by remote work opportunities and attractive low rates.
Marilyn Monroe-linked Palm Springs home sells for $2.8m
A Palm Springs house linked to Hollywood actress Marilyn Monroe has sold for $2.81 million, months after being listed for $3.3 million. Local designer Violet Moran purchased the four-bedroom property and plans to restore it while preserving its original features. Built in 1961, the house is known as the "Marilyn Monroe Doll House", although reports have questioned whether the actress ever owned it.
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