The entire Riverside County will be reporting a more solid bottom line..after years of short sales and foreclosures turning our Palm Springs Valley real estate market on it's head, looks like our property values have recovered significantly.
I would have to imagine that in most Counties in our United States, the recorders are reporting increasing property tax values. That means the amount of money going to the County tax coffers goes up and many of the programs that were hit or cut can begin to recover. Here in my Palm Springs Valley..part of Riverside County, we have seen a really strong recovery. Of course that corresponds to a really HARD hit decrease in property values which we did see for the past 6 years. We were right there with Las Vegas and Florida as the hardest hit counties! So..good news!
The inventory here in La Quinta, Indian Wells, Rancho Mirage, Palm Desert and Palm Springs continues to drop..especially if it's a prime location. Here in the desert that would mean South facing (most sunlight) with water and mountain views. One of the 3 is good, but all three is like listing an exacta!
The summer months have slowed down, but us "locals" are still busy. Buyers are abundant, coming down to brave the heat while they search for their perfect winter property. It's often a better time to look as there is so little competition!! Come on out..the desert is beautiful, even in the summers!
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