Housing Sales Up 65% in The Palm Springs Real Estate Area

By
Real Estate Agent with Elaine Stewart is the #1 Individual RE/MAX Agent for 11 years straight in the Coachella Valley. (760) 668-2399 BRE# 01169846

Palm Springs has abundance of great real estate and any thing you can dream of is here. If you want a fixer upper, they are here, something new, well there is plenty of that too. If you want to live in an active adult community 55 and over on the golf course then the number of choices are endless.

Housing sales in the Coachella Valley soared 65% in September from September of last year, the largest jump in 20 years!The Hideaway

Over 860 sales match up to a 13% jump from the month of August, according to DataQuick.

Inventory of homes is up despite this jump in sales and the last time the Coachella Valley saw this large of a jump was with the 590 sales in January of 1989.

Palm Springs ForeclosuresWe have noticed a lot of the homes that have been sold are distressed sales and properties that are foreclosures. New construction sales are not doing as well as the resale figures and are down about 17% from this time last year.

The most expensive Coachella Valley home sold in September was a $2.49 million single-family resale in the city of La Quinta at the Hideaway.

If you would like to see property in Palm Springs, La Quinta, Palm Desertor other communities here in the desert, please call us at the numbers below. Were committed to helping you find the home or condo of your dreams.

With over 20 years of experiance in  Real Estate market,  Elaine truly enjoys helping people in the process of buying or selling a home.

Elaine Stewart - Remax Real Estate
(760) 668-2399 Mobile 
(760) 391-4415 Office
Desertrealestate1@yahoo.com

Elaine Stewart Realtor

Comments (3)

Abiud "Abi" Montes
EWM Realtors - Fort Lauderdale, FL

Elaine I was in Palm Springs this summer and it is truely a beautiful place.  That's great news to hear that the market has gone up maybe it will spread to other parts of the US. Let's see what November and December brings.

Nov 04, 2008 11:44 PM
Karen Cooper
Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 | 360 Mortgage Group LLC Austin Texas - Leander, TX
Helping Homeowners w/Home Loans in 27 US States

Elaine - That's wonderful news, that you have two months in a row with year over year increases. Do you think the increase in inventory is due to some pent up demand from sellers waiting to see the market turn?

Nov 07, 2008 07:03 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Nice to hear your market is doing well.  I can see why, it's so beautiful there!

Nov 18, 2008 10:04 AM

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