While most of the country is under snow, we are experiencing pool weather in the Coachella Valley.  The season is busy with golf, polo, tennis, horse shows, art festivals, concerts and so much more. With all of the winter vacationers and residents in town there is virtually no rental housing to be had.  So why not buy? The prices are still good for buyers but continue to inch up continuing the trend of looking more favorable for sellers. Here is a snapshot of the market today:

Home sales were up 7.9% in 2013. Investors have pretty much picked over the real estate in the Valley.

Home prices rose last year, registering gains we haven’t seen since 2004. The median price for single-family homes gained a healthy 30%, while the average price rose 21.1%. The median price is now at late 2003 levels.

Condo/attached home sales were up for the fifth year in a row, rising 31.4%.

The median price Condos/attached homes was up 14% and the average price was up 9.4%.

We are seeing some land sales, some homes being built and a more robust commercial real estate sector.  So get out of the snow, come and enjoy and buy a home!