The Desert Sun, Sunday Oct. 26:
"Foreclosures and lower prices lead to huge boost in home sales.
The rising number of foreclosures and ever-lowering median prices gave Riverside County's housing sales a tremendous boos in September.
Figures released by DataQuick last week show 4551 homes sold countywide--up 106.1% over a year ago.
A big reason is price: Countywide, the median price dripped 36.8% to $237,500 from $375,000 in Sept. 2007.
Coachella Valley-specific numbers for Sept. have yet to be released. But, sales reported on the Desert Area Multiple Listing Service indicate the same trends are occurring here.
In Coachella Valley , a total of 1,400 homes were in some stage of foreclosure in September."
About Me
- Elaine Leib
- I have been a Realtor for over 40 years, full time, selling residential real estate in 3 different states--CA, AZ, WA. I earned my Broker's license in 1978 and through more education I earned the designation of CRS(Certified Residential Specialist)( only earned by 3% of agents nationwide), Two years ago, again through more education, I earned the SRES designation (Senior Real Estate Specialist) I live and work in Sun City Palm Desert,specializing in 55+ Active Adult communities. I am proud to be a member of the Windermere Real Estate family. DRE License # 00404720 Lic #00404720
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