8/5/2009 4:23:00 PM
Real Estate Market Update - Top 3 Reasons Home Sales are making Headlines
1. Listing prices are set more closely to comparable sales prices. Over the past six months, homes listed for sale at a price within 5% of the actual sales price, typically sell within 60 days. Buyers are more willing to make offers on well-priced properties. ...
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5/6/2009 1:28:00 PM
California Real Estate Market Update – Wow…could it be?
More data has just come out that indicates that the housing market in California is stabilizing. While we have seen an increase in the number of properties being sold for a few months, the median sales prices have been steadily decreasing. The month of March, ...
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2/27/2009 6:58:00 PM
Real Estate Market Update – How California compares to the National Market
The national headlines regarding the housing market this week sounded rather distressful. For example: “Home sales plunge again as buyers remain hesitant” – AP 2/25/09, and “Home prices tumble 18.5% to another new low” Reuters ...
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1/16/2009 3:00:00 PM
Real Estate Market Update – Signs of a Comeback for the California Housing Market
In the Coachella Valley, there are currently two “types” of real estate markets. One is the traditional market of buyers and sellers. The other is the market of distressed sellers (short sales and bank owned) and deep discount buyers. They are ...
Views: 186
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12/12/2008 2:44:00 PM
Real Estate Market Update - Making sense of Price Reductions...Part II
With all the information about huge reductions in both the median prices and average sales prices does this mean that every home on the market is valued at 34% or 30% lower than the prior year? It sounds as though this is true, but not necessarily. Hundreds ...
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12/4/2008 12:24:00 PM
Real Estate Market Update - Making sense of Price Reductions
The Desert Sun reported on 12/3/08 that the median price of Coachella Valley homes fell 34% in October to $225,000, a level not seen since February 2003. They also reported that in October, there were 853 sales of new and resale houses and condos that closed ...
Views: 126
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11/18/2008 6:32:00 PM
Real Estate Market Update - How the weak U.S. dollar relates to home sales
As a follow up to our previous blog regarding the real estate market in the Coachella Valley, we want to point out the value of the Canadian Dollar in comparison to the U.S. Dollar. Over time, the Canadian Dollar usually finds itself at about 0.65 to 0.70 ...
Views: 80
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11/15/2008 11:28:00 AM
Real Estate Market Update - Early Stage of Recovery?
We would like to take this opportunity to keep you up to date on the real estate market here in the Coachella Valley desert communities of Southern California. As you probably know, the real estate market is actually a lot of very unique markets all rolled ...
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11/13/2008 4:54:00 PM
Real Estate Market Update - Coachella Valley, the desert of Southern California.
Our latest update on the real estate market in the Coachella Valley, which includes Palm Desert, Rancho Mirage, Indian Wells and other desert cities, reveals that existing home sales are increasing while the inventory of homes for sale is decreasing. Southern ...
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