June 9, 2014
Please find attached year 2013 over year 2014 sales numbers. These numbers reflect my areas of expertise as follows; Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. For the most part we continue to see gradual improvement with 2014 sales numbers & values increasing, with the exception of the following price points; $250-$750,000, mainly due to seasonal inventory issues. In most cases the number of sales were up, median prices are up, and the number of days on market are down, showing steady growth. Rancho Mirage is the only city lagging behind in luxury home sales, as Palm Desert, Indian Wells, and La Quinta’s sales numbers & values are up. I attribute this to the desire of many luxury home buyers wanting newer homes & developments, and most want clean turn-key properties. Attached please find current sales numbers from Jan 1st – May 31st 2013 & Jan 1st – May 31st 2014 year over year; Number of sales, Median Sales Price, and the amount of Days on Market to sell a home.
Thank you for your patience with the market… I’ve got your home exposed to the WORLD and hope to have the right qualified buyer walking through your door very soon. Should you have any questions, please feel free to call me.