Yeah for us!!!

the latest August figures show that Windermere once again dominates the sales in the Coachella Valley:

Windermere--- $84.5 million
Coldwell Banker--$44 million
Keller Wms------ $29.5 million
Remax-----------$18 million
Tarbell-----------$13 million

Who says the summer is slow in real estate?

It is amazing. Since I have been in the desert and selling real estate in Sun City Palm Desert, the summers have been very busy until the last 2 years.

But, this year we are back to busy!!!

The latest stats for Sun City Palm Desert:

There are 126 active listings from $189,000 for a California Casual (short sale) to $879,000 for a Tuscany on the golf course.

There were 7 pending sales in the month of August, from$259,000 for an Orrefors to $$595,000 for a Monterey on the golf course.

There were 7 properties that closed escrow in August, from $162,000 for 1283 sq. ft (bank owned) to $425,000 for a Morocco on the golf course.,\.

Who says summer is slow?

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.

A New Deli?

With all our wonderful restaurants, the east end of the valley has had only one real delicatessen. But opening this week is a New York style deli in La Quinta. It is in the site that was the Beachside Cafe at the corner of 111 and Washington, in the Von's shopping center. Let's hope it is as good as it is billed.

Summer Bargains

Here are some of our favorite restaurants that are having summer specials

The Falls--$30.00 per person

Steakhouse at the Spa Casino--$49.00 for 2 people

Pacifica--Sunset dinners--$19.75

Fleming's --$35.95

Sullivan's Steakhouse--$69.00 for 2 people

LG's Prime Steakhouse--$45.00

Chop House--Palm Desert--Two for $49.00,$59.00,$69.00, $79.00 and $89.00

Ruth's Chris--$39.95 and $49.95

Shame on the Moon--$19.95

Bon Apetite!!!!!

PS

If you really want a bargain, Salton City has some homes selling for around $50,000. Someday that will be a great place to live--maybe for our great grandchildren

"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.