One of many PGA West Community Pools In La Quinta
Flash Back To May 2012: Bank Owned Home Inventory Down
In May of last year I posted an article here about how our local inventory of Palm Springs area bank owned homes was slowly disappearing from the desert. One year later foreclosure properties in the Palm Springs real estate market are really scarce.
I also mentioned that inventory “continues to tighten up throughout the desert” so now would be a great time to take action. One year later now I’m still saying that it’s still a good time to take action. And while we can’t go back in time to last year’s home prices, we can take action today, right now and then talk about it again next year.
May 2011: Woulda, Coulda, Shoulda!
Two years ago this month my buyers tip was entitled “Woulda, Coulda, Shoulda’!” I wrote about some ways to avoid woulda, coulda, shoulda’ in the buyers market we were experiencing during 2011.
I’m remember 2011 as being a year in which our buyer clients had a ton of choices in choosing which home or luxury condo they wanted to buy. But if you snoozed in 2011 as a buyer you generally also lost out to other buyers of 2011 who didn’t snooze.
May 2010: 11,000 New Boomers Everyday!
Three years ago this month I wrote about the growing boomer generation in the U.S. and Canada, and how many boomers are now looking, or would soon be looking at the Palm Springs area as a primary residence, second home, vacation home or rental/investment property. And how the Palm Springs area offered the climate, amenities, and lifestyle that many boomers were looking for, with resort lifestyle communities and properties in a wide variety of price ranges. I mentioned that as the economy hopefully continued to recover, we expect the release of pent up demand from boomers and others for resort lifestyle properties.
And Back To Palm Springs Area Real Estate Today
Three years later in May of 2013 we are seeing a release of that pent up demand. Some buyers that didn’t act yet are not saying woulda, coulda, shoulda! And here in the Palm Springs area our inventory of available homes and luxury condos continues to shrink.
God willing, we’ll take a look back at May of 2013 one year from now. Stay tuned!