The Ranch Mirage real estate market in the Palm Springs area of inland California has experienced many ups and downs in recent months as it struggles to combat the ill effects of the financial crisis plaguing broad swaths of America. In the past quarter or so, things have begun to look more positive for the market though, with increasing signs of optimism.

In February, the median price for a single-family home in Rancho Mirage was $544,750, a more than 32% increase from a year ago and a 9% increase from January’s figures. The average price was $758,194, an increase of 13.6% from 2009 and a 28.9% rise from January. Sales activity is up in general, though fluctuating month to month. In February, there were 24 homes sold, an increase of one-third from a year ago but a decline of nearly 30% from the previous month’s figures.

The condo market showed similar trends, with higher prices but fewer sales. In February, according to The Desert Real Estate Report, the median price for condos was $349,500, an increase of nearly 30% from the same time last year and a 6.7% rise from January. The average price stood at just over $344,000, a more than 9% increase from a year ago and another 12.3% higher than January’s figure. There were only 12 condos sold in February, however, a decrease by a third in activity from February 2009 and from a month prior.

Total sales activity in the city in February accounted for 43 sales, including Ranch Mirage homes for sale and condos for sale, according to DQ News. When taken together,  the median price of properties for sale was $459,000, up by more than 33% from a year earlier, when that figure was just $345,000.

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