How is the market doing near the end of the 2013 season? Certainly very surprising for some of you, but not for us. We have been saying JUMP IN and BUY NOW since last December! We are very happy for all of you that did or are ready to do it before next season.
Results for April 30, 2013, considering it is close to the end of our snowbirds season – The increase in prices for the homes since October has been significant and even more so during the last month of our season – see below!
At this point in our season we have an inventory of 2602 homes for sale in the cities we cover, that is 9% down from last month.
Of these 2602 we have 51 Bank Owned (less than 2%) and 70 Short Sales (just above 2.5%) which brings a total number of distressed properties to less than 5%.
Prices are showing overall increases across the board:
Palm Springs : 10% increase in ONE MONTH WOW!
Rancho Mirage : 11% increase in ONE MONTH
Palm Desert : 12% increase in ONE MONTH
Indian Wells : 13% increase in ONE MONTH
La Quinta : 11.2% increase in ONE MONTH
SunCity : 5% decrease but we had a 20% increase last month over last October.
Take a look at the chart below giving all the details. We will be in town until mid-July and ready to show the best of the best in our area.