Is It Time To Buy ? Palm Springs Area Median Home Prices Up $40,000 in 1 Year.
A question being asked on a daily basis, and answered speculatively depending on which part of the country you live in. Some foresee more doom and gloom, others see opportunity and stability edging up.
I can only talk about Palm Springs real estate , the Desert Cities , my personal experience as a real estate agent in this part of the country, and hard data supplied by our Desert Area MLS.
The chart below, shows the Median Prices by California regions , and current Month vs. Year ago .
The numbers are encouraging and they represent hard numbers based on the Desert MLS real estate activities for that period.
As for July , that's where my personal opinion based on my activities as realtor comes in. I personally had a busy July and busier August so far . And with our desert season approaching , the Canadian and Northwest Snowbirds will start flocking and that should boost more home sales and the prices.
So is it time to buy ? I say yes based on several factors :
1- Prices in the Palm Springs Area are have been going up.
2- Interest rates are at historic lows.
3- Inventories are at their lowest since August 2009 in the Palm Springs Area ( Source California Association of Realtors)
4- Several FHA & California programs are coming on this fall to help people keep their homes. Read my previous blogs for details.
Your thoughts ?
I can only talk about Palm Springs real estate , the Desert Cities , my personal experience as a real estate agent in this part of the country, and hard data supplied by our Desert Area MLS.
The chart below, shows the Median Prices by California regions , and current Month vs. Year ago .
The numbers are encouraging and they represent hard numbers based on the Desert MLS real estate activities for that period.
As for July , that's where my personal opinion based on my activities as realtor comes in. I personally had a busy July and busier August so far . And with our desert season approaching , the Canadian and Northwest Snowbirds will start flocking and that should boost more home sales and the prices.
So is it time to buy ? I say yes based on several factors :
1- Prices in the Palm Springs Area are have been going up.
2- Interest rates are at historic lows.
3- Inventories are at their lowest since August 2009 in the Palm Springs Area ( Source California Association of Realtors)
4- Several FHA & California programs are coming on this fall to help people keep their homes. Read my previous blogs for details.
Your thoughts ?
