There are only 132 active listings as of this date--from$160,000 for 1283 sq. ft. to $$895,000 for a Tuscany on the golf course (3200').
There were 5 pending sales from $195,900 for a maintained home (1176') to $349,000 for a Morocco.
There were 14 closed escrows from $179,000 for a Calif. Casual to $650,000 for a Monaco on the golf course
Call me for more information @ 760-285-7676
Monday, July 27, 2009
Thursday, July 23, 2009
Valley Sees Slow Gains in Home Sales
From the Desert Sun on July 23,2009:
The Coachella Valley real estate market made headway in April and May, posting small but steady gains.
Home sales rose 2.8% in April and 3.5% in May according to Data Quick.
The median price held at the $180,000 mark as well by the end of May.
While no one can say with certainty that this establishes a trend, it does show that the lower priced homes in the marketplace are being bought up", said Greg Berkemer, executive director of the Calif. Desert Assn. of Realtors. " As that continues to happen, the next level will start to sell and push up the median price."
For new sales, two years ago, there were significantly more newly built home sales in the mix.
For April and May, a total of 108 new homes sold. That compares to 365 in the same period in 2007 and 274 in 2008.
The Coachella Valley real estate market made headway in April and May, posting small but steady gains.
Home sales rose 2.8% in April and 3.5% in May according to Data Quick.
The median price held at the $180,000 mark as well by the end of May.
While no one can say with certainty that this establishes a trend, it does show that the lower priced homes in the marketplace are being bought up", said Greg Berkemer, executive director of the Calif. Desert Assn. of Realtors. " As that continues to happen, the next level will start to sell and push up the median price."
For new sales, two years ago, there were significantly more newly built home sales in the mix.
For April and May, a total of 108 new homes sold. That compares to 365 in the same period in 2007 and 274 in 2008.
Thursday, July 16, 2009
Escrow terminology
With more foreclosures and short sales, many escrow terms may seem new to you. Here is escrow terminology defined:
ESCROW
The escrow procedure, at its core, is where a neutral, trusted third party holds onto an item for sale until something happens, ususally until the buyer pays the seller. As real estate transactions have grown in complexity, so has the business of escrow. Now an escrow agent watches over all the details of the sales agreement, facilitates the transaction paperwork, and coordinates the interests of many different parties with an interest in the sale. They also make sure tha the sellr gets their proceeds, and the buyer gets their title, when all is said and done.
More technology next time---
ESCROW
The escrow procedure, at its core, is where a neutral, trusted third party holds onto an item for sale until something happens, ususally until the buyer pays the seller. As real estate transactions have grown in complexity, so has the business of escrow. Now an escrow agent watches over all the details of the sales agreement, facilitates the transaction paperwork, and coordinates the interests of many different parties with an interest in the sale. They also make sure tha the sellr gets their proceeds, and the buyer gets their title, when all is said and done.
More technology next time---
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