Palm Desert CA Real Estate

All About:

Palm Desert CA Real Estate represents some of the best over all values in the otherwise pricey California real estate market.  The value for the money remains very high when compared to other areas of the state.  The proximity to the 22 million southern Californians makes it a perpetually popular weekend getaway. The warmth of our winters makes it the perfect place to escape the cold and snowy weather in the North.  Palm Desert offers an enviable resort lifestyle that includes over 320 days of Sunshine per year.   Theatre, art and culture abound with hundreds of live performances at dozens of theatres including the McCallum, by world renowned artists every year.  Fine dining and world class shopping from the heavy weights of the luxury goods world – Tiffany, Saks 5^th Avenue, Gucci and more grace El Paseo in Palm Desert.  Loads of interesting and unique shops complement these world famous names. Palm Desert host golf tournaments including the Women’s Samsung World Championship at Big Horn Golf club. Click here to view the MLS listings.

So What Is Selling?

Current Sales Stats: of all homes and condos in Palm Desert in September of 2008 totaled 66 with an average sales price of $382,325.  A total of 23 homes or condos went into contract but have not closed yet.

The most expensive home sold in Palm Desert in October of 2008 was $2,045,000 dollars in Indian Ridge Country Club.   The runner up was also sold in Indian Ridge and as you may remember last months most expensive sale was in Indian Ridge Country Club.  Clearly the value is there in this attractive club located on Country Club Drive in Palm Desert.

While it seems like the market is in total confusion the reality is much different.  True, overall home prices have slipped but  the interest rate have remained very low and despite an increase in overall properties for sale in the area – really good homes priced well are still in very high demand.  We have a saying in Real Estate there are homes that are “on” the market and homes that are “in” the market.  Poorly priced and inadequate homes are “in” the market.  They are there but they are really just clutter.  Well priced homes in good condition are “on” the market and those are the ones you want to find.   Additionally in this market not every low priced home is a deal.  Do you know the  difference between a short sale and a foreclosure?  "In Foreclosure" versus "foreclosed" how about Auctions? The important step in the process is working with an agent who knows where to look.   Michael has 19 years in Real Estate Investment Experience almost 10 of those in the Palm Desert market area.

For true local and knowledgeable service contact Michael directly at 760 272-5500 or 760 408-5300