Showing posts from April, 2011

New Statistics on Short Sales, Foreclosures and Regular Sales

The California Association of Realtors has released new data on the percentage of sales that are short, bank owned or traditional.  In a two year study - January 2009 to January 2011 what they found was this:

In January of 2009 the break down was:
Bank Owned: 51%  Short Sale: 10% Traditional Sale: 39%
Bank owned sales began declining in April of 09 and continued that trend with only a small uptick in June of 2010
Short Sales during the same time period began a steady climb that has not stopped while traditional sales actually surged above 50% for most of 2010.

According to the study January of 2011 saw the numbers at:
Bank Owned: 34%  Short Sale 24% Traditional 42%
It is clear that short sales are going to continue to be a big part of the inventory of homes for sale.  With foreclosure rates falling off it seems as though bank owned home sales will continue to level off. The main thing that could change that is if the banks have large inventories of unsold homes that they have not released…

Mobile Site for Palm Springs Real Estate

Now you can  See my listings on your mobile device

It is no secret that many people spend all day with mobile devices not desktops. Now you can easily search listings with this custom site designed for your most readily available device.


(Note: The site won't look as good on your desk top unless you are using google chrome as your browser)

Palm Desert Jewel - Just $349

NOW SOLD: This amazing property has something to delight and please everyone in the family.  From lots of room - almost 3000 square feet - to a beautiful yard with a pool and spa. Things like a 3 car garage, a laundry room, a loft space - a master bedroom suite with Fireplace.  There is even a balcony with South mountain views. Best of all this home is located on a quiet cul du sac located minutes from the heart of Palm Desert. Golf, schools, dining shopping or recreation it is all right there.

Look at the photos of 41190 Carlotta Palm Desert then call today to schedule your private showing. 760-408-5300

StageCoach - Country Music Fesitval

April 30th - May 1 - 2011 the Polo Grounds in Indio, CA will host one of the largest and fastest growing Country music events in the Country.  The roster of performers reads like a who's who in the genre with everyone from pioneer Loretta Lynn to Newcomer American Idol Carrie Underwood. 

Many different levels of ticket packages are available and camping and lodging information is available on the event site. Click on the Poster above to be taken to the main site.

Great music in the Desert another thing that makes the Palm Springs area a very special place to be.

March 2011 Real Estate Sales Stats - Palm Springs, CA

Raising the roof on real estate sales. 
We have reached a milestone - the most homes sold in one month in the last 2 years!  A total of 954 properties closed escrow in the month of March 2011. This statistic combined with an approximately 9% drop in year over year supply of inventory has starting to change the face of the Real Estate market in the Coachella Valley.

The median Sold price has steadily climbed an average of $214,495 up 21.9% change from March of 2009. Lastly the Months Supply of Inventory - meaning how many months existing inventory would last if no new homes came on the market - is now at 5.9 months - again this represents a new two year low.

Mortgages rates are still very competitive hovering around 5% though all industry buzz is that these are going to rise and soon. If you are in the market now is a decidedly good time to strike. If you are thinking of selling now is a good time to explore your options.

Condos With A Garage

In Palm Springs we have many condos you can choose from but much harder to find are condos that have a private garage. Not only do these three nice units have garages but they are all single level. No one above you plus all three have large private patios. Priced from $179,000 there is something for everyone.


Tiffany Circle in the Rose Garden - Central Palm Springs $179,000

Canyon Sands - South Palm Springs - 3 Bedroom -$198,000

Waverly Park - South Palm Springs Gated Community 2 Bedrooms - $269,000 - offered furnished

Single level condos, private direct access garages, great Palm Springs locations be sure to see all three of these great units.