Our community is growing rapidly. People are relocating for full-time enjoyment, while a large majority are buying vacation and investment homes so they can take full advantage of all our communities have to offer. The perfect weather to enjoy golf & tennis, or the perfect mid-century architectural gem. There's something for everyone. The constant is the magnificant views throughout the valley.
There has been a significant number of reports by media outlets regarding a downturn in the market, but as we saw previously taking "the bubble" for instance the media can tend to play doom-and-gloom far more than they might should. We certainly have a wonderful inventory of homes. This allows buyers a variety of choices, with the best properties selling quickly. Palm Springs and the surrounding communities are primarily a second home / vacation home market that is different in scope than primary housing markets. We continue to grow and as we grow our prices continue to rise, so there's no time like the present to find your perfect retreat or investment property. Whether you plan on retiring here in a few years or are ready to make weekend trips more often the perfect getaway is here, from Palm Springs - La Quinta there's no time like present time.
1 comment:
I thought the comment by Leslie Appleton Young, chief economist of California Association of Realtors was priceless when she said, "No-one rings a bell when the market is at the bottom". We know we missed the bottom a couple months after the bottom, when it's on it's way up again. Now is a great time to buy, low interest rates, lots of choices and the sellers who truly need to sell are selling. Real Estate is a long term investment, most owners who have owned property for 5+years have seen appreciation even now after a couple of years of a downturn in the market.
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