April 21, 2014
Spring is here and what gorgeous weather were having. The market is showings signs of momentum although we continue to see higher levels of inventory & volatility which has slowed sales numbers over the past 2 months of this year. If May 2014 is anything like last year, demand will pick up with late season buyers, inventory will drop, and we will see a true sellers’ market again. Last year between April 1st – May 20th 2013 there were 523 Sales with a median sale price of $340,000. This year same period, there were 428 sales (down about 20%) with a median sales price of $375,000 (up approximately 10%). Again these statistics cover my areas of expertise; Rancho Mirage, Palm Desert, Indian Wells, and La Quinta and in all price points. As previously mentioned last year we had a big late season flush of inventory. Here’s another example and what we’re hoping to see again this year: Apr 20th – May 31st 2013, there were 683 sales. Over the past week, we’ve been very busy showing properties, with a few sales and a bunch of awesome new listings. Keep the faith and positive thinking… were working on our end to get your home SOLD as quickly as possible, and for the highest dollar the market will bear.