Have a look at some of the upcoming events in the Coachella Valley. These include the major Pacific Life Open and Kraft Nabisco Tournaments. It's a great time to buy here. Interest rates are low and inventory plentiful. Please contact me with your client referrrals and be assured that they will receive the most comprehensive education about this area and values throughout the Valley. Thanks. -Stephen C. Love; sclove@windermere.com; 760-668-4460
MARCH 2008:
Hike for Hope, March 2; Pacific Life Open, March 10-23; La Quinta Arts Festival, March 13-16; Desert Swing 'n' Dixie Jazz Festival, March 14-16; Fashion Week El Paseo, March 23-30; Fashion Group International Fashion Week Gala, March 28; Renaissance Festival, March 28-30; Annual Morrow Institute Women Running Wild 5K Run/Walk, March 30.
APRIL 2008:
Kraft Nabisco Championship, April 1-6; Indian Wells Art Festival,
April 4-6; The Living Desert Earth Day Celebration, 11-13; Rick Weiss Humanitarian Awards, April 14; Opera in the Park, April 20; The White Party, April 18-21; Earth Jam at The Living Desert, April 21; Coachella Valley Music and Arts Festival, April 25-27.
A tale of the markets
Real Data Strategies analyzed four distinct segments of the local market: entry-level homes, which are priced under $500,000; move-up homes, which range from $500,000 to $749,99; upscale homes that round out the six figures and luxury homes that are priced above $1 million.
The analysis of the Desert Area Multiple Listing Service shows:
Despite an across-the-board drop in sales, average prices actually went up. The fourth-quarter average sales price in 2007 was $492,824. That's nearly 2 percent more than the same quarter in 2006.
The move-up category (from $500,000 to $749,999) as well as the upscale homes (from $750,000 to $999,999) saw average sales prices stay virtually flat and even slight increases.
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