Summer vacations have wrapped up and we are welcoming the transition into the fall season. It’s also the time to plan how you will spend your winter holiday.
The Coachella Valley communities of Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage and beyond are excellent locations for a second home with late fall and winter temperatures averaging in the 70s. The desert communities offer distinct California architecture, a multitude of recreation, entertainment and leisure opportunities and are surrounded by a dynamic desert landscape—all this just less than a few hours from Orange County.
According to MDA DataQuick, the Coachella Valley saw a 23.3% and 17.4% increase in sales during June and July, respectively1. In August, total recorded sales were slightly less than July, which indicates that the median price in the valley is stabilizing2. Entry level home prices are at record affordability and often rival that of rentals in the area.
For buyers who have been patiently waiting to purchase and invest, now is the key time to partner up with one of our experienced Coldwell Banker professionals to find your ultimate desert retreat. Affordability remains high, mortgage rates remain low and first-time buyers can utilize the $8,000 tax credit before November 30, 2009.
Visit http://OCViewOnline.com and www.DesertViewOnline.com to meet one of our dedicated REALTORS® and to search for fine coastal and desert properties.
1 “Valley housing market picking up” The Desert Sun September 3, 2009. http://www.mydesert.com/article/20090903/BUSINESS04/909020363/1043/business04/Valley+housing+market+picking+up
2 “Seesawing price a sign home sales market is stabilizing” The Desert Sun September 27, 2009. http://www.mydesert.com/article/20090927/BUSINESS04/909260363/1043/business04/Seesawing-price-a-sign-home-sales- market-is-stabilizing