Category Archives: country clubs in Rancho Mirage

Rancho Mirage, Market Report for the Week August 27, 2012

The median list price in RANCHO MIRAGE, CA 92270 this week is $785,000.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.

Price

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

Click Here to download the full Rancho Mirage, CA, market report!

For more information regarding luxury homes in Rancho Mirage, CA, contact Claudine Messika.



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Canadians Buyers in Palm Springs CA and the Heat

Summer in Palm Springs and Real Estate Facts with Canadian Buyers

That’s it Palm Springs and the Heat of the Summer giving us temperatures of at 110 on a daily basis. Not anything new to us the locals !!! But what is new this year is the that the Buyers for Real Estate , condos properties or even larger homes are not showing up this year compared to the previous couple of years.

Are the Canadians running out of money? Have we seen already the majority of potential Canadians buyers for our area?

The Canadian Looney is still at its high, the prices for homes in Palm Springs are indeed very attractive and affordable. So why am I  not seeing all of you future owners of properties in Palm Springs down here enjoying our great weather?

And what about the US buyers ? Well they are here looking at homes and buying them…

If you have a different angle to bring to the table I will be very interested in hearing it.



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Golf Country Clubs in Palm Springs and the Desert Cities

What is happening to memberships in the golf country clubs?

 

The majority of the buyers who want to buy homes or condos in golf country clubs are now pleasantly surprised. The access to golf with NO initiation fees or low initiation membership cost  was until now limiting me when searching for homes for my buyers. Only less than 6 in our whole valley entered that category.
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The buyers ready to pay for the homes (affordable today) where staying shy away from the a lot of them because of the membership initiation cost and those prestigious country clubs got into financial trouble : not only they did not get the new memberships but they were losing the potential “spenders” at the restaurants, the golf tees fees etc… It was a LOSS LOSS situation since the beginning of this economy turn.

Finally they GOT it and a good number of great country clubs have not only lowered their membership and  some of them are even waiving them if you  buy a home within the country club. This is great news and opens up a lot of possibilities for the buyers interested in golf country clubs.



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The Springs Country Club in Rancho Mirage

Just sold a home in The Springs Country Club

Wow ! who could have imagined to get into the Springs for under 500K? Well this market made it possible . Take a look at the inventory at The Springs   http://bit.ly/9WnqPY

Want to know more about The Springs watch this video

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