The temperatures are not the only numbers climbing in Sunny Palm Springs California. At the midway point of 2017 the numbers show some impressive gains. The Median price for a single family home has risen to $380,000. While the sales of homes is up 16.1% in just the last three months! The average time on market has dropped to 74 days from 89 just last year.
Finally, the “months supply of Inventory” – how many months our current inventory would last if no new homes were listed for sale, has dropped from just over 6 months to just over 4 months.
Clearly, there is a demand for homes in the Coachella Valley!
Get Pre-qualified with a lender! Be ready to make that offer. While there are all cash offers these days it is nothing like it was in 2012 and 2013 when seemingly every offer was ALL CASH. You can compete and get a home in this market if you are prepared.
Know Your Wants and Needs: Be prepared to know if a house will work or not work for you. Sounds simple, but wasting a day or two debating about an item could cost you your dream home.
Prepare your home for Maximum value. This is your market. Don’t squander it by having unfinished repairs, squeaky doors or a dirty uncluttered house. Buyers in this market are prepared to pay top of market prices. Give them the reason to do it!
Timing Is Everything: Markets are not stagnant. Things will not always be this way. If you need to sell in six months eight months perhaps you could sell now and lease back. Sell and rent a place for the interim. Think out of the box and maximize your profits.
Now that the Coachella festival is over the Empire Polo grounds will be making ready for the Royalty of Country Music. From Tim McGraw, Blake Shelton, Miranda Lambert and Sara Evans to the Oakridge Boys and Mac Davis as well as Mickey Gilley. Stars of the country music world past and present will take to the stage in Indio CA at the Empire Polo grounds to to put a little twang into the Coachella Valley. If you enjoy Country music there won’t be any other place for you to be than right here in the Coachella Valley.
Indio, is a fast growing city located at the Eastern end of the Coachella Valley. With affordable housing a community college and as home to the County Courts and Fairgrounds the future for Indio looks quite bright. The addition of the Music Festivals both StageCoach and Coachella are turning the worlds eyes upon our valley. Indio also plays host to the Tamale Festival and the County Fair and Date Festival each year.
To find out more about Indio – check our web page out at www.psagent.com or give us a call at 760-408-5300 We look forward to talking with you.
1490 Sonora Ct Palm Springs California – one of a kind Lot. Not an over used word this lot is THE ONLY fee land lot on a golf course in ALL of Palm Springs. Yes, the one and only. At just $279,000 this is a buy if there ever was one.
Take advantage of the dual views, the great South Palm Springs Location and the water tap already in and paid for.
Call today: 760-408-5300
See all the details here
Text “1490” to 760-297-4800 to get all the details on your smart device.
THIS LOT IS SOLD but if you are looking for other Land anywhere in the Coachella Valley/ Palm Springs Area Use our Handy Link Right here:
PRICES RISE year over year in the Coachella Valley
Market statistics for May 2014 have been compiled and published. It shows some interesting facts and a decided change in the Real Estate market in Palm Springs. If displayed on a graph it would also show a steady line up. The trends we are about to discuss below have been steadily developing this entire year, with no retreat.
- First, the number of homes being sold as foreclosures or short sales has taken another big drop. This category is down 50% from May 2013 when 18% of homes were in this category.
- Secondly, the number of available homes is rising with about 90 more condos and 90 more homes on average – available each month. This is a wake- up call for sellers because the number of homes selling is dropping in each category and each city.
- Third and most important however is the marked increase in price. The median sales price for single family homes is now $455,100 whereas in 2013 it was $368,100 and for condos the median price is now at $232,222 VS. the 2013 figure of $182,000.
With these type numbers Pam Springs and the Coachella Valley are outpacing the Riverside County wide statistics, where a higher percentage of homes are still in foreclosure or short sale and the median price remains over $100,000 less than Pam Springs.
Obviously, the number of properties selling will drop as prices rise. The prices will rise as the supply of foreclosed and short sale homes drops. Notwithstanding that obvious equation – there is no doubt that the market in Palm Springs has returned to a more stabilized mode.
Quickly See The Most Commonly Viewed Searches
Lease Land in the Coachella Valley
Once you understand the difference between Fee Land and Lease land you will still need to know which developments/neighborhoods are on lease land and which are not. This list is designed to help
you determine which is which.
To Understand the Lease Land Issues please see our Page about that in this blog.
Condos Located on Lease Land:
Canyon South 1,2 &3
Canyon Vista Estates
Canyon West Estates
Cathedral Canyon Country Club
Rio Del Sol
The Rose Garden
Saddle Rock Estates
Saddle Rock Gardens
Smoketree Racquet Club
St. Tropez Villas
Village Racquet Club
Homes Located on Lease Land and In Specific Named Communities*:
Bellamonte (Palm Springs)
Rio Del Sol (Cathedral City)
Desert Princess (Cathedral City)
*There are more homes that are located on lease land but not in a specific named development. Some of the neighborhoods that have both FEE and Lease land are Andreas Hills, Victoria Park, Los Compadres, Canyon North, Sun Villas. For more details please call.
Some communities are undergoing lease land buy out discussions. Two recent lease land buyouts took place in
Canyon Estates (partial buyout)
Seven Lakes Country Club
If you have any questions please don’t hesitate to contact us at 760-408-5300 or 760-861-5643 and as always Palm Springs’ easiest and best home search is on www.PSagent.com
The Universe of Country Music is in Indio this weekend as some of the biggest names, newest groups and industry veterans unite for an amazing weekend of Country Music. Held at the Polo Grounds in Indio CA the three day festival is sure to bring thousands to the Coachella Valley to experience the warm sunshine and great Country Music. Word is the festival is sold out this year but it is not too late to start planning to be here in 2014!
Get all the information at the Festivals site or on their social networks:
First impressions make a significant impact on a buyer’s decision-making process!
Once your home goes on the market, it becomes a product for sale. Home Styling or Staging simply allows you to highlight the best of your home (product) and de-emphasize its flaws. It’s not about decorating or actually turning your home into a model but ALL about appealing to the broadest possible range of prospective buyers. The goal is to eliminate the obstacles and to make people feel like they could actually live there. Much of this is simply done if you just “neutralize” the whole house.
Most of the following things you can do for little or no expense but will put a home in prime showing shape. Remember how you felt that last time you went to a store that was poorly run and the merchandise poorly displayed. You probably left without buying anything and probably vowed to never return. Don’t let buyers feel that way about your home! Even if it is not the perfect fit for a particular buyer leave them with a good impression! They may know someone else ready to buy.
MAKE IT LOOK LIKE YOU ARE READY TO SELL AND MOVE:
Clear out closets and clutter— give away or pack up toys, linens, and nick knacks anything and everything you will not be using in the next three months is a perfect candidate! De-personalize the home by removing photos, mementos, and all worn and dated items. Is there a wall or a spot or two where some touch up paint could really help? Did you let one of the kids paint their room purple? Now is the time to go back to basic off white. Storage boxes neatly tucked away in a garage or basement look like you mean business and help save you time when you really do move.
LOOK AT YOUR HOUSE LIKE A BUYER:
Go out to the curb and walk back into your home. Look for things that are not up to par. Does the bush under the window need a trim? Is the doorknob loose? Does it need to be polished? Focus most on the most visible and popular areas of the home first—the entry, kitchen, living room, master bedroom, and family room or den.
NEED SOME IDEAS?
Use plants in colorful pots or some baskets and dried arrangements to fill in empty spaces, Set the dining room table with attractive linens, dishes, and stemware, look at home and garden catalogs for little details on primping up the home. Arrange just a few books on the book shelf, try angling some pieces of furniture slightly and make sure furniture is about 4 inches to 6 inches from the wall. Just don’t lose sight of the fact that you are going for the generic, neutral look and …..Less is so much More!
When you are serious about selling you must:
1-Trim trees, prune shrubs, and make sure the lawn is mowed and watered regularly.
2-Hire a professional service to clean the home, including the carpets and the windows.
3-Use as much natural light as possible. Leave lamps on in dark rooms or corners.
4-Make all functional repairs—fix dripping faucets, sticking doors, and broken fence rails.
Even if you do nothing else the 4 things listed above will make you money. Time and again I have seen buyers fall in love with a property that actually did not exactly match their needs. SO why did they love it and buy it? Because it was clean light and bright and appeared well cared for. Huge pluses for any buyer!
Selling your home is like selling any product. You want to maximize the appeal of that product. You can spend a lot of money but you do not have to. However, you CAN and WILL maximize your profit if you follow the four MUST do’s listed above.
A FREE OFFER FOR YOU:
The PSAGENT team is happy to provide any home seller, in our area, with our complimentary 26 point home value inspection. We will walk thru your property, prepare a written report of our suggestions to prepare your home for sale and leave it with you. No pressure no obligation. We are happy to help. Take the guess work out of your sale.
Call us at 760-408-5300 or email us at firstname.lastname@example.org to schedule your appointment today.