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Real Estate Market Updates

Local Inventory Betters National Averages

If you’re like me you do a lot of research before investing in any large purchase. And if you’ve been reading our Blog or subscribing to our email newsletter you likely know that we’ve been reporting on differences in our desert property ...

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...

$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...

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...

Sales & Prices Rise In Several Valley Cities

Desert home and condo buyers continued to gravitate to the communities of La Quinta, Indian Wells, Palm Desert, Rancho Mirage and Palm Springs during April and May as both unit sales and prices rose. La Quinta led the way with home sales up...

Valley Real Estate Market Bucks National Trends–Again!

Home sales across the Coachella Valley rose 6 percent in June compared with June ‘09, bucking both state and national home-sales declines, new real estate reports show. Statewide, home sales declined 4.2 percent in June over the same period o...

Desert Home Sales Gains Continue

The Coachella Valley continued to better national real estate trends as local April sales rose 8.1% and May sales recorded a 7.8% gain over the same months in ‘09. This makes the seventh consecutive month of positive sales gains. Sales in ...

11,000 New Boomers Everyday!

Did you know that over this decade 11,000 baby boomers are turning 50 each and every day? The ‘boomer’ generation here in America and Canada represents a huge demographic. Many boomers are now looking, or soon will be, for a sun-belt home a...

2010 Desert Property Sales Sharply Up In First Quarter

Desert property sales continued to grow in the first quarter of 2010 versus the same period of ’09. January - March 2010 Coachella Valley Sales Comparison $250,000 to $500,000: Up 36% (663 sales in ’10 versus 423 in ’09) $500,0...

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