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Market Update 5-14-12
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Here's how to win in multi-offer situations:
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DaveW@KW.com
www.YourDesertHomes.com
Featured Listing
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Palm Springs, CA 92264
$315,000
This remodeled 2 BR/3 BA on the 13th fairway of Seven Lakes Country Club is just for you! The ceiling has been lowered and insulated throughout, the kitchen was recently renovated with custom cabinetry, granite counters, profile granite counters and newer appliances. The view from the kitchen is fantastic. The front door is a solid wood door from Equador. There are two master suites, one of which contains a lovely jacuzzi tub and separate shower stall. The middle bedroom (originally the 3rd bedroom) has been converted into a den with a sink and refrigerator. 2nd master sitehas a lovely sitting ares where light pours through the beautiful stained glass window. This unit has an enclosed garage. 7 Lakes offers and executive 18-hour golf course, 15 pools/spas, pro shop. 24 hr. security, clubhouse with restaurant and bar, tennis court and putting greens. More Information
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Listing courtesy of Bill Clawson DRE:01318944Coldwell Banker Residential Brokerage |
Listing courtesy of Kimberly Rogers DRE:01355527Windermere Real Estate |
Foreclosure
Listing courtesy of Chris Workmon DRE:01317218Windermere Real Estate |
Foreclosure
Listing courtesy of Dee Dee Guzman DRE:01392230Keller Williams Realty |
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Listing courtesy of Paul Kurdian DRE:01878788Lucent Real Estate Inc. |
Short Sale
Listing courtesy of Deganit Pessar DRE:01522651Division One Invst. & Loan |
Listing courtesy of Richard Webber DRE:01297015Homeworks Real Estate, Inc. |
Listing courtesy of Tom Triscari DRE:01342987Coldwell Banker Residential Brokerage |
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