Active listings: 217 from a Villa ( 1 BR 1 BA) 1050 sq. ft. to $1,090,000 for a Marseille on the golf course ( 2918 sq. ft)
Pending Sales: 21 from a Maui LP. 269,000 to a Marseille on the golf course LP.$1.200.000
The Maui had been on the market for 478 days; the Marseille for 34 days.
Closed Escrows: 11 from a CA Casual @ $250,000 to a Great Rm. Portofino on the Golf course at $875,000
If we drop the highest price escrow, the average price per sq. ft is 196.65 7 sold under $400,000, 3 above $400,000.
During the same period in 2007 there were 21 closed escrows from a CA Casual @289,000 to a Privacy Marseille @ $950,000 and the average price per sq. ft ( not counting the $950,000, was $231.05. If my calculations are correct, that is almost a 9% drop from 2007.
Sunday, March 30, 2008
Thursday, March 27, 2008
Uptick in sales
Tuesday's Desert Sun ran the following:
Valley Sales Up
Coachella Valley home sales in February increased 4.5% over January's sales, according to the California Association of Realtors.
Sales are down 14.2% from February 2007, figures released Monday show.
The exact number of homes sold was not released.
Statewide, February's single-family home sales rose 9.5% from January, but were down 28.5% from February of last year. It's the fourth month in a row that California's sales rose month-over-month.
The median price of a Coachella Valley single-family home was $334,910 in February, up 4.8% from January. The state's median was $409,240..
Valley Sales Up
Coachella Valley home sales in February increased 4.5% over January's sales, according to the California Association of Realtors.
Sales are down 14.2% from February 2007, figures released Monday show.
The exact number of homes sold was not released.
Statewide, February's single-family home sales rose 9.5% from January, but were down 28.5% from February of last year. It's the fourth month in a row that California's sales rose month-over-month.
The median price of a Coachella Valley single-family home was $334,910 in February, up 4.8% from January. The state's median was $409,240..
Friday, March 14, 2008
Fight City Hall
Many people have asked me if they could get lower property taxes if their home value has dropped.
According to an article in AARP Magazine, roughly 1/3 of people who appeal their property assessment get relief. Don't delay--you have 30-60 days after a notice of assessment to appeal.
Here's what to do:
Head to the assessor's office to see your property card. Mistakes in square footage, lot size and more could be adding to the assessed value. Come armed with addresses of similar homes and compare their cards. Next, get sales data to document declining prices.
Look for unique factors--Are you right next to a drainage ditch or outside wall? Is your lot better or worse than your neighbors? Do the differences show up in the assessments?
Hire an appraiser ( if allowed). Some jurisdictions require an appraisal as a basis for an appeal--others forbid it An appraisal typically will cost about $300.00, but one in your favor makes for a strong case.
To get the comparable sales in your area, call me--I will be glad to help--760-285-7676
According to an article in AARP Magazine, roughly 1/3 of people who appeal their property assessment get relief. Don't delay--you have 30-60 days after a notice of assessment to appeal.
Here's what to do:
Head to the assessor's office to see your property card. Mistakes in square footage, lot size and more could be adding to the assessed value. Come armed with addresses of similar homes and compare their cards. Next, get sales data to document declining prices.
Look for unique factors--Are you right next to a drainage ditch or outside wall? Is your lot better or worse than your neighbors? Do the differences show up in the assessments?
Hire an appraiser ( if allowed). Some jurisdictions require an appraisal as a basis for an appeal--others forbid it An appraisal typically will cost about $300.00, but one in your favor makes for a strong case.
To get the comparable sales in your area, call me--I will be glad to help--760-285-7676
Wednesday, March 12, 2008
Good News-some sales
In SCPD, from Feb. 1 to Mar. 12 there have been 15 pending sales. That is quite an increase in action. I know it is not what we would all like, but it is nice to see more sales.
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