Here in the palm Springs Valley, as with ALL real estate throughout the country, houses recovered first, Commercial properties next, and now is the recovery of our Land Sales!
Desert Luxury Properties, whether we are talking about homes, whether on golf courses or not, seem to be blazing the trail in residential Sales. perhaps for two reasons specifically..people with much expendable cash are doing VERY well on the Stock Market, and they often don't need Loans. This is the very same Buyer that is now stepping up and purchasing Land, Ranches & Equestrian Properties throughout the Eastern Valley.
I have many terrific Horse Properties listed right now. I just put one of my farms into Escrow two weeks ago, 57300 Jackson St. in Coachella, CA. Listed at $895,000, this manageably sized property of just shy of 10 acres, with a Well, Ag Water, pastures, barns, an arena and a 1978 Ranch style home was THE deal of our East Valley farms! Now that it's gone, I have been showing Land like mad.
If you have a parcel you need to sell, or are looking for 1 acre equestrian properties to 80 acre parcels, give me a call at 760-285-3578.
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