Palm Springs, Rancho Mirage & Coachella Valley Real Estate Blog- Comments, Reviews

rancho mirage real estate, palm springs real estate, palm desert real estate, coachella valley real estate trends	28 Jun 2010 12:00 AM
Mid-Year Report: Entry-Level Homes by Scott Palermo + Jim Sanak

Are you ready for some good news? We have it! What we call "entry level" homes here in Southern California's Coachella Valley - those priced $500,000 and below - are selling at a brisk pace. Our Windermere office is processing about 500 escrows a month compared to 200-300 during the same period in 2009.

Foreclosures and Short Sales are down substantially year-over-year. While they continue to apply some downward pressure on prices, they're having less of an effect than last year and prices seem to have stabilized in the last two months. Some bank-owned properties - in better neighborhoods, well-maintained and presented - are selling quickly in multiple offers.

In some areas, especially in the most desirable country club developments, prices have begun to INCREASE a few percentage points in the last three months!

Homes that have quality finishes, make a good first impression and, most importantly, are priced correctly for their market are seeing faster offers and selling well.

Whether you're selling or buying, if you're looking for an edge on the competition, call us! We are the Coachella Valley real estate experts. 760.567.1550.

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Scott Palermo + Jim Sanak

	Scott Palermo + Jim Sanak specialize in listing and selling real estate.
They work in the communities of Palm Springs, Rancho Mirage, Palm Desert, and the entire Coachella Valley. More about Scott + Jim

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