If you are considering jumping into the Buyers competition called “buying a home in La Quinta”..or the Palm springs Valley in general..be prepared. There are MANY other buyers waiting to do the same thing. The luxury market is the only market that is not experiencing this in our desert valley..and even that market can generate multiples if the property is priced right, has staggering views and tons of upgrades.
The entry level..$250,000 and below here in the desert is barren of good buys. The La Quinta Cove, North La Quinta, South Palm Desert, and pockets in Rancho Mirage and Indian Wells as well as Cat City are experiencing multiple offers on most every home listed. My last two listings in La Quinta and one in Desert Hot Springs on the golf course, generated multiples within 3 days. Only 1 was a Short Sale.
I wasn’t aware of how similar it is elsewhere…this from todays LA Times.
If you are thinking of listing your home whether short sale or equity, give me a call!