To complement our social media and blog posts, we are excited to launch our new “Love of the Desert TV” Channel. Here you’ll see the entire gamut of professions and lifestyles in the Coachella Valley through the eyes of the local residents. Of course, we will be highlighting real estate by exploring and comparing the different cities, communities and amenities from golf and tennis developments to private gated enclaves. You’ll also enjoy visiting the desert’s array of social, recreation, cultural and charitable activities.
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FALLING PRICES, LOW RATES PROD CALIFORNIA HOMEBUYERS We’ve seen several articles over the last week or so that point to positive developments in the Palm Springs area housing market. Locally, although median price fell 46.1% (sales rose by 38.2% from a year ago), the median price is up slightly for the month of May ‘09 over April ‘09, confirming the upward trend. The inventory declined from the prior month for the fourth straight, as year over year sales remain brisk. The inventory of homes continues to drop, falling to a 4.2-month supply in May, compared to 8.7 month supply in May 2008. |
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