Real Estate Market Updates

Driving through the Hideaway Golf Club in La Quinta

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...

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September Palm Springs Area Home Sales Up 9.4%

September Palm Springs Area Home Sales Up 9.4%

Coachella Valley home sales rose 9.4% in September compared to September 2010, outpacing home sales throughout other parts of Southern California, a new report from Data-Quick Information Systems shows. The valley's strength as a second-...

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Desert Bank Owned Homes Selling Near Listing Prices 1

Desert Bank Owned Homes Selling Near Listing Prices

Banks don’t want to own homes that they’ve foreclosed on and so they generally price them to sell. Early on in the mortgage meltdown we saw banks give many properties away at well under market values. Banks have gotten a better handle ...

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47 Bank Owned Homes Listed, 14 Remain In 16-Days! 1

47 Bank Owned Homes Listed, 14 Remain In 16-Days!

Everyone loves a bargain and a bank owned home usually offers buyers a great opportunity and value. Regular readers of my blog know that banks don’t want to own homes. Banks want to sell foreclosed properties and they want to sell them qu...

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Local Real Estate Reporting: Read Between The Lines!

Local Real Estate Reporting: Read Between The Lines!

I browsed the local paper today, which took about five minutes. One headline proclaimed “Palm Desert Home Prices Rising.” The story went on to make several broad statements about local real estate that I thought I’d check out. I'll help y...

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