Real Estate Market Updates
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...
Palm Springs Area Sales Update: Homes Over $1 Million
Sales of luxury homes that sold over $1 million here in the Palms Springs Real Estate Market continue to very active. Let’s take a look at where the action has been during the last six months. Each community is listed with the number of m...
Traditional Sales Zoom, Distressed Sales Slow
51% of our sales so far during 2011 have been traditional non-distressed property sales. Not to long ago our home and condo sales were equally split at 1/3 traditional, 1/3 bank owned and 1/3 short sales. Here’s the sales breakdown so far...