There are 166 active listings compared to 157 in Jan. 09, from $179,000for a California Casual (1110') to $799,000 for a Tuscany on the golf course (3399')
From 1/01/10 to 1/29/10 there have been 8 pending sales from $215,000 for a Gorham (1157') to $499,000 for a Victoria (2289'). There have been 16 close escrows from $180,000 for a Gorham ( 1213') to $800,000 for a Marseilles on the golf course (2918')
Regarding December sales referred to in my newsletter-- here in SCPD there were 22 sales from Dec. 1, 2009-Dec. 31,2009.
Even though prices have dropped, our community is pretty stable with relatively few distressed properties.
Elaine Leib CRS,,SRES
Windermere Real Estate--Lic# 00404720
760-285-7676
Showing posts with label Sun City Palm Desert. Show all posts
Showing posts with label Sun City Palm Desert. Show all posts
Friday, January 29, 2010
Wednesday, September 2, 2009
Home Sales Climb
While at Mah Jongg today, someone asked me how the market was doing.
I was delighted to tell them that home sales climbed 17.4% in July.
Here, in Sun City Palm Desert our prices seem to have stabilized and sales are cooking.
Call me for more information.
I was delighted to tell them that home sales climbed 17.4% in July.
Here, in Sun City Palm Desert our prices seem to have stabilized and sales are cooking.
Call me for more information.
Wednesday, August 12, 2009
"Analysts: Valley market on mend"--Good News and Bad News.
As I was reading this morning's Desert Sun, I started out excited and then realized that much of the upturn in sales is in REO's and Short Sales.
Spots with devastation from foreclosures showed the strongest gains.
The buying spurt has shaved average sales prices on mid-priced and luxury homes, which is why you are seeing the lower priced homes selling here in Sun City Palm Desert, while the higher priced homes are sitting or being reduced sharply.Valleywide the average price has dropped 43% since 2007.
The good news is that inventory has dropped to 6000 from 9400 in 2008.
At my office meeting this morning we were warned that the next wave of foreclosures is soon to hit.
Spots with devastation from foreclosures showed the strongest gains.
The buying spurt has shaved average sales prices on mid-priced and luxury homes, which is why you are seeing the lower priced homes selling here in Sun City Palm Desert, while the higher priced homes are sitting or being reduced sharply.Valleywide the average price has dropped 43% since 2007.
The good news is that inventory has dropped to 6000 from 9400 in 2008.
At my office meeting this morning we were warned that the next wave of foreclosures is soon to hit.
Monday, August 10, 2009
Desert Heat
Clients who are thinking of moving to the desert often ask me how we "weather" the summer heat.
I have lived in Sun City Palm Desert for 12 years and have remained at home for the entire summer, except for several weekend outings to San Diego or Los Angeles. One summer we cruised to Hawaii.
I play golf all summer, albeit early in the morning, there are tennis players on the courts--early in the morning. We do errands--early in the morning. It really does not get really hot until the afternoon. Then it is time to read, play bridge, play Mah Jongg, go to the movies.
Speaking of movies, I say Julia and Julie over the weekend. Don't miss it. Meryl Streep is fabulous!!!
Even when the temps rise in the one-teens, it is usually dry. Only in Aug. and Sept. when we get the Monsoon storms from Mexico, is it the least bit uncomfortable.
Call me if you need more information on the summer weather.
I have lived in Sun City Palm Desert for 12 years and have remained at home for the entire summer, except for several weekend outings to San Diego or Los Angeles. One summer we cruised to Hawaii.
I play golf all summer, albeit early in the morning, there are tennis players on the courts--early in the morning. We do errands--early in the morning. It really does not get really hot until the afternoon. Then it is time to read, play bridge, play Mah Jongg, go to the movies.
Speaking of movies, I say Julia and Julie over the weekend. Don't miss it. Meryl Streep is fabulous!!!
Even when the temps rise in the one-teens, it is usually dry. Only in Aug. and Sept. when we get the Monsoon storms from Mexico, is it the least bit uncomfortable.
Call me if you need more information on the summer weather.
Sunday, August 2, 2009
New Blog
Hi there,
I am starting a new phase for my blog: Where is Elaine Leib?
For those of you who know me, know how much energy I have, so I thought I would let you and anyone interested, know what I do in the Desert and particularly what is happening in Sun City Palm Desert
I will also continue to bring you real estate news when it is important.
So Where is Elaine on Thursday, July 30?
I am at the fitness center at 7:30 AM to walk on the indoor track --17 times around equals 1 mile. ) Although I prefer to exercise outdoors, it is way too hot at this time of year. We are lucky, here at Sun City Palm Desert to have 3 clubhouses, 2 fitness centers, including the one with the track.
From 1-4 I play Maj Jongg with the Mah Jongg club. Then I deliver papers to Sellers on a new sale.
I am starting a new phase for my blog: Where is Elaine Leib?
For those of you who know me, know how much energy I have, so I thought I would let you and anyone interested, know what I do in the Desert and particularly what is happening in Sun City Palm Desert
I will also continue to bring you real estate news when it is important.
So Where is Elaine on Thursday, July 30?
I am at the fitness center at 7:30 AM to walk on the indoor track --17 times around equals 1 mile. ) Although I prefer to exercise outdoors, it is way too hot at this time of year. We are lucky, here at Sun City Palm Desert to have 3 clubhouses, 2 fitness centers, including the one with the track.
From 1-4 I play Maj Jongg with the Mah Jongg club. Then I deliver papers to Sellers on a new sale.
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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