The Coachella Valley is seeing a more robust real estate market that we have in a while. New homes are even going up in the area. People seem to be buying however this is our peak selling season. As we enter into a new calendar year there are lots of forecasters making a run at this years predictions. If you are wanting to sell there are buyers and if you are wanting to buy prices are still down from before! With all of this said we are seeing a higher asking price for even the homes priced the lowest in each area, than 12 months ago so we should continue to see a larger % increase for the next 12 months. Here are last years numbers:
City 12 Month Price Change % from All Time High
Coachella- 40.6% + -47%
Palm Springs 25.8% + -12%
Desert Hot Springs 10.5%+ -48%
Cathedral City 9.9%+ -40%
Indian Wells 6.3% + -28%
Indio 6.3% + -37%
Palm Desert 2.4%+ -33%
La Quinta 1.2%+ -37%
Rancho Mirage 1.4% — -40%
If you are interested in finding out what your home is worth or making the valley your home please give me a call! Jessica Bailey-Realty Executives-213-926-6471—-jessiebaileyus@yahoo.com