Palm Springs real estate this season is not anyworse than the previous seasons .
I have been so busy showing properties that I did not get a chance to write my blogs. Palm Springs real estate this season is not anyworse than the previous seasons . As a matter of fact, I can see at least twice the business I was seeing last year. The prices are were the buyers want to see them. The buyers understand it will not last (at least in our area) and I am writing offers on a regular basis.
The buyers who buy homes and condos in Palm Springs
The buyers who buy homes and condos in Palm Springs from Canada or out of state (Chicago, Seattle, Washington, Oregon) all of them see the value. There will be a tomorrow to this bad time andthe ones who could afford and mainly were not afraid to jump into it will harvest the fruit a few years from now.Yes economy or not, our weather is still the best you would want for your winters, over 200 golf courses, the beautiful mountains, the shopping and the short drive to the beach.
we do have foreclosures but not in the resort communities such as country clubs or golf communities
My buyers understand that the area is not at all in the same situation as the rest of California, we do have foreclosures but not in the resort communities such as country clubs or golf communities. Homes that were bought here a few years ago were for the most bought with cash money or very little of a loan. Prices will go faster back to UP because let’s not forget that the babyboomers still want to retire in the sun. So NOW is the time to take advantage of the low prices.
Yes prices came down around 30 to 35%, not much building going on, now and the next couple of years ; IF you buy today you WILL cash later there is not doubt.
Just buy real estate in Palm Springs, Palm Desert, Rancho Mirage or any other desert city.
This is why I encourage my prospects still “sitting on the fence” to take the jump and DO IT! Just buy real estate in Palm Springs, Palm Desert, Rancho Mirage or any other desert city.