Palm Desert California experienced a slower than expected start to the new year. We are seeing such a high level of activity these numbers surprised me a bit. I attribute it to the fact that at the first of the year many people put their properties on the market – condo inventory went up by about 44 units – homes by 73 units. The lower sales figures for homes I would attribute to buyers taking longer to make up their minds plus short sales really slow the system down taking three times as long, in most cases, as bank or regular sales. Condo sales increased in total units from December.
|Palm Desert||January 2010|
|Houses In Escrow||49|
|Condos In Escrow||49|
|Notes:||3 homes over 1 million sold|
The most expensive home sold in Palm Desert so far this year was an eye popping $8,000,000 – 8,885 square foot property at Big Horn in South Palm Desert. This beautiful country club frequently takes the award for most expensive home sold.