July 2012 Market Report- Have We Hit The bottom and Turned Up?
The July 2012 Market Report is here and the numbers are well, numbers. I swear that at times, we could pull numbers from sources that could make this report say anything we want it to say. But we don’t. What we attempt to do is find the charts that agree with what we SEE happening around Palm Springs and present it as NEWS you can use.
In this first visual, we can see that the market may have finally begun its turn up. In reality we see just that. Its becoming increasingly difficult to find homes that meet the demands of those who want in at the sub $150,000 level. And in Palm Springs, that level of home is just not there. Fixers are now in the + $200,000.00 range.
Next we see again that the prices have begun to steadily edge up.
Inventory is falling. Falling inventory equals rising prices.
Its been a subject here for months now that choices are getting thin and now, we are placing offers on homes in Back Up status as in our article of just a few days ago. (Back-Up status means here is an accepted offer on a home. If it falls out, your offer would be next in line)
Inventory is so low now that builders are beginning to build again because the demand is there. In Palm Springs, we have buyers that want a place to retire in comfort and with a great lifestyle so we agree that without resales, the builders will supply the market and the sellers with too high expectations will lose out again.
Take a look at the listings shown here that are in Back-Up status. If you would like to know how to place an offer on such a property, call us and we’ll tell you how.
Showing properties
1 - 15 of 328.
See more Back-Up Offers Only.
(all data current as of
6/20/2013)
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$289,000 : 388 Ameno Drive, Palm Springs2 beds, 2 full baths
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$299,000 : 2300 East Del Lago Road, Palm Springs3 beds, 2 full baths
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$319,000 : 286 North Hermosa Drive, Palm Springs2 beds, 2 full, 1 part baths
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$379,000 : 1987 S CAMINO REAL, Palm Springs2 beds, 1 full, 1 part baths
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$299,999 : 2122 N GIRASOL AVE, Palm Springs3 beds, 1 full, 1 part baths
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$374,900 : 52943 Avenida Ramirez, La Quinta3 beds, 1 full, 1 part baths
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$449,000 : 238 North Burton Way, Palm Springs3 beds, 2 full baths
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$209,900 : 2360 Miramonte Circle #B, Palm Springs2 beds, 2 full baths
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$374,900 : 1356 PRIMAVERA DR, Palm Springs3 beds, 2.5 baths
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$319,000 : 78964 Yellen Drive, Palm Desert2 beds, 2 full, 1 part baths
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$204,900 : 76903 New York Avenue, Palm Desert3 beds, 2 full baths
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2 beds, 2 full baths
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$304,900 : 42199 Omar Place, Palm Desert2 beds, 2 full baths
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$385,000 : 60434 Honeysuckle Street, La Quinta2 beds, 2 full baths
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$251,000 : 1318 East Via Escuela, Palm Springs3 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
550 S Oleander Rd Palm Springs, CA, 92264 USA
rjesser51@gmail.com • 760-413-2871
About Victor Yepello
