Mid August, the hotest time of the year and buyers are buying real estate in Palm Springs
I can’t believe that our best selling month for this year is going to be August. We have been showing properties to clients everyday single day since the beginning of August and coming up we have appointments set up everyday, sometimes two buyers per day.
Most Realtors flee the area during the summer months
Alvin and myself always make it a point of staying in Palm Springs because by experience we have seen that the strongest months for serious buyers are the summer months.
Need to educate those buyers to avoid frustration and disapointment
Again because of the media, potential buyers from out of the area, get the wrong impression and have to reconsider their budget after seeing what the market really has to offer.
Prices came down 30% to 40% since the 2005 years and that is where to look for deals.
Our market has not been flooded and is not flooded with huge inventory of new built (over built) homes. Prices in fact have stabilized and went up month over month for the last quarter.