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Palm Springs Real Estate market is changing and for the better
In my previous blog I was showing the numbers for our inventory in Palm Springs and the Desert Cities by price range and also showing the number of bank owned properties for each category SOLD and ACTIVE.
During the last week and in the lower “entry level” price range , meaning up 300K. I found myself in a bidding position each time. Reminds me of the good years ..
I am not saying that we are recovered and certainly not considering that the banks are just as difficult in giving out money. But I did find myself in this situation in many years bidding on properties which are regular equity sales and not even bank owned.
I am full of hope and happy for all my clients who bought during the last year they will see prices go up.
Still some good ones out there..
We are pleased to say that for Palm Springs and the Desert Cities : Rancho Mirage, Palm Desert, Indian Wells, La Quinta and Palm Springs Proper, the “SOLD” prices have been above 93% of the list prices for most of the year of 2010.
Also for the same cities the average price per square foot is up 10% month over month for November 2010 compared to October 2010 ; as well as 1.8% year of year.
Finishing the year on a positive note is good take a look at the tables below:
You are looking for the “deal” this is IT!
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