Real Estate Market Updates
And Then There Were 51 Bank Owned Homes
Available inventory of Palm Springs area bank owned homes here in the desert continues to decline. On March 25th I mentioned a new low of just 70 bank owned homes listed in our market priced at $200,000 and higher. Today that number is down...
Desert Home Sales And Prices Climb In First Quarter of ’12
Home Sales & Prices In Several Cities Increase, Inventory Continues To Shrink Both sales and prices of desert homes and condos in several desert cities were on the rise again during the first quarter of 2012 compared to the same period o...
Home Sales Over $800,000 Zoom In First Quarter of 2012
Last week I reported that both sales and prices of desert homes and condos were on the rise again. Today let’s drill down into those sales numbers a bit further to see ‘where the action is’ in different price segments. I had our nu...
100% Sales Growth Y-T-D In 2012!
Let’s get right to the point. Real estate sales here in the desert continue to increase and things just seem to be getting busier by the month. Our local escrow company reported last week that new purchase contracts that were opened in Fe...
Just 70 Bank Owned Homes Listed!
People ask me everyday about our local real estate inventory. And I tell them that our local desert inventory continues to shrink. That said, real estate is local and varies from community to community and certainly by price segment. Her...
Million Dollar Bank Owned Properties
Inventory of bank owned homes listed at $1 million and higher in the Palm Springs area real estate market continues to tighten up. As of today there are only five properties owned by banks that are listed in this luxury price segment. ...
Palm Springs Real Estate Sales Up In 6 of 7 desert cities!
Palm Springs area real estate sales increased in 6 of 7 area cities during the last six months of 2011. It appears that buyers in increasing numbers are continuing to take advantage of some of the best opportunities in over a decade. But le...
Mirada Estates, Rancho Mirage $3.295M Bank Owned Sale
The one of a kind showpiece by noted designer Guy Drier at Mirada Estates in Rancho Mirage features 6,782 square feet and is a true showplace. I toured this home recently and it is one of the most impressive homes in the desert. The priv...