February numbers for Palm Desert have been posted on my website and you can see them here
Inventory decreased somewhat and more homes and condos went into escrow than in January. Big time sales activity at Big Horn Country Club with two sales topping 10 million combined. This follows on the heels of Januarys sale of an 8 million dollar plus estate in this luxury country club.
It was announced earlier this month that the Stone Eagle golf course off of Highway 74 in South Palm Desert was closing. This beautiful course took great advantage of it’s setting in the foothills of the mountians. They offered memberships in the $200,000 plus range and that surely was part of the problem. Homes in the community (which number just 48) are said to be unaffected by the closure of the golf course.