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Archive for August 1, 2010

June Real Estate Quick Facts For The Palm Springs Area

The city of Palm Springs led the valley with 192 homes sold in June, followed by Palm Desert with 169 and La Quinta with 148 The valley's median sales price of $207,000 was above the national median sales price, which rose 2.3 percent to $...

Good News For Buyers From $200,000 to $350,000

As many of you know, we keep a close watch on our local market stats. Trends develop which many times help us spot opportunities early. As you may know, the first time homebuyer tax credit expired recently. The federal tax credit had spurre...

Question of The Month – HOA Rental Rules

Enclave Mountain Estates, La Quinta Question) Do most communities allow short or long term rentals in the desert? Answer) Each community HOA has their own rules and regulations including rules regarding renting your property. Some HOA’s...

$360 Million in La Quinta Sales Last 6 Months

During the last six months in La Quinta, 594 homes and condos were sold totaling over $360 million. This puts the average La Quinta sale so far this year at $606,322. Of the total, $55 million were bank owned property sales and $38 million w...

Does Your Insurance Carrier Consider Your Vacation Home Vacant?

I mentioned in a previous post that if you choose to rent out your vacation home or condo, you should let your agent know. But what is considered a vacant home? We checked in with local agent Richard Cox of Cox Insurance to get the scoop on thi...

Local Desert Home Sales Beat National Trends Again!

The National Association of Realtors® reported today in the national media that existing (resale) home sales nationwide dropped 27.2% in July of 2010 compared to July ’09. “National sales are at the lowest level since the report began bein...

Dining Around The Desert: Don Diego’s, Indian Wells

We’ve enjoyed Don Diego’s in Indian Wells over the years. Realizing we hadn’t been there for over a year, we recently made the ten-minute journey from the heart of La Quinta to Indian Wells. Don Diego’s has been serving Mexican food ...