Sun City Palm Desert Stats-November

There are 199 active listings presently on the market, from $229,000 for 1283 sq. ft to $1,025,000 for a Marseille on a double lot on the fairway.

From 11/01/08 to 11/30/08 there were 6 pending sales , from $229,000 for 1366 sq. ft, to $529,900 for a St. Tropez at 2588 sq. ft.

For the same period, there were 5 solds from $250,000 for 1548 sq. ft to $389,000 for a Montego with casita at 2034 sq. f. These were probably all put in escrow before the financial meldown on wall street.

If you look back at my blogs on stats for the previous months you can really tell the difference. However, the president of Real Data Strategies said Palm Desert has a "healthy" market so not as many foreclosures , therefore not as many sales. Palm Desert had 12% more sales this year than last and prices were down 16% over last year. Indio saw price declines of 45% from a year ago. Obviously more people had bad loans, in that area ,with all the new construction.