Palm Springs Area Real Estate

With the millions of foreclosures during the past few years, the robo signing, and the declined Loan Modification applications , now home owners whose primary residence was being foreclosed between January 1, 2009 and December 31, 2010 can request an independent review. " The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (federal bank regulators) have required an Independent Foreclosure Review by an independent consultant to identify eligible customers who may have been financially injured due to errors, misrepresentations, or other deficiencies in their foreclosure process. If the review finds that financial injury occurred, the customer may receive compensation or other remedy. " Home owners are eligible  for an Independent Foreclosure Review if  : Your mortgage loan was serviced by one of the  participating Mortgage Servicers  Foreclosure process was active between January 1 , 2009 and December 31,2010 The prop

This May, we saw another healthy month of increased sales of condos in the Palm Springs area, surpassing single family homes in number of units sold and average sold price, when compared to May 2010. According to The California Desert Association's May 2011 report based on the Desert Area MLS of all desert cities; May 2011 266 condos sold at an average selling price of $224,914 . 30% were foreclosures and short sales. That's an increase of 22.6% in sold units, and an increase of 12.4% in average sold price over 2010. May 2010, 217 condos sold with an average selling price of $200,138. 36% were foreclosures and short sales. Palm Springs and Palm Desert tied at 86 in the number of condos sold . The average selling price in Palm Desert came at $266,624, a 7.3% increase from May 2010. Palm Springs condos average selling price came at $173,358, 12.3% increase over May 2010. La Quinta   gained 5.3%, while condos in Indian Wells  , Rancho Mirage , Cathedral City and Indio

According to the Desert Sun , "A search by the Palm Springs Regional Association of Realtors staff showed 1,329 Canadian buyers and another 98 purchasers from other countries acquired homes or condos over the past year, based on a tally of those who registered international addresses. That figure could be higher because some foreign buyers may not have registered." Canadians have been and still are buying homes and condos at a fast pace in Palm Springs and all Desert Cities, taking advantage of the strength of the Canadian Dollar trading today at $105.40 US Dollar, and the real estate values in the Palm Springs area. Canadians are no strangers to the Coachella Valley , it has been the destination of choice for snowbirds from British Colombia , Alberta, Saskatchewan and Eastern Provinces for decades, but this year, younger couples have been actively looking and buying as well. They see a great opportunity and values that will probably not be seen again. A special Th

According to the California Desert Association of Realtors, Palm Springs area median sold home price for February 2011 was $215,000 up from $185,000 in January 2011 and $156,060 in April 2009, that's almost 27% . Another interesting statistic is that the Median Sold Price in January 2011 was $185,000 for houses and condos, a very rare occurrence. From my experience as a real estate agent in the Palm Springs area, I would attribute a good part of the increase in sales and demand to our Canadian neighbors who love the desert , and saw the value in our real estate prices. The fact that the Canadian Dollar is hovering at par or better with the US Dollar was and still is a major contributor in the decision to buy a vacation home in the Coachella Valley. I believe that March and April 2011 will produce good numbers too based on my personal experience and lined up appointments. The easiest way to finding homes in Palm Springs , La Quinta , Palm Desert , and all Desert Citie