The market is HOT!!! in La Quinta, California area

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Real Estate Broker/Owner 01293735 CA

I just called to check on 2 listings that recently came on the market. Both are bank owned properties. One is priced at $125,000 and is a nice house but nothing special. Within 2 days, there are 23 offers and many cash offers close to $160,000. The other is $115,000 and also has multiple cash offers way over asking.

What a difference a few months makes on buyers, prices, and sales! This is a frenzy market! I am so happy after so many years of challenging buyers, sellers, investors, it seems the pent up demand is finally acting.

Posted by

 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

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Rainmaker
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Curtis Van Carter
Coldwell Banker Brokers of the Valley - Yountville, CA
Your Napa Valley Broker Extraordinaire

Lori

Same Here in the Napa Valley, real estate sales remain hot and activity is being to warm up in upper end properties. The Rutherford $2.300,000 home below sold in 6 days and the $12,000,000 in 17 days. Currently there is only a 3.9 months of supply of all residential property here in the Napa Valley. If I look at the hottest market, up to $400,000, there is only a 2.3 months supply. That’s about as low as I can ever remember here. cheers cvc

Mar 14, 2012 10:45 AM #1
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