Real Estate Market in Palm Springs and the Desert Cities?

sucette

As a Realtor in Palm Springs for over a decade, and covering the cities of Palm Springs Proper, Rancho Mirage, Palm Desert, Indian Wells , La Quinta and Sun City Dell Web : I must say that I have to “keep quiet” and wait to see what really is going to happen.
The media and the “gurus” in the industry keep on telling us “increase in prices – it’s coming”. OK I am not crying or screaming (though I don’t see yet) but what I am seeing is that the inventory IS NOT LOW 3321 homes on the market compared to 2708 last October (see the numbers http://claudinereal.com/the-market/) that for our resort Cities of the Desert, the number of Canadian Buyers who were 80% of our business in the last 4 years , are not there (their $$$ is now lower than ours and they have to ‘digest this new situation). So a fair inventory and less potential buyers HUM! the increase in price might just take a little longer!
But I am quiet and waiting to see what will happen in the next few weeks!

Care to Comment?  Leave a Reply here!

Your email address will not be published. Required fields are marked *