Coachella Valley real estate is adjusting to a new economic reality.
Coachella Valley real estate update: As everyone knows, the real estate market everywhere is going through a crazy time. After a huge run up in prices over the past 2 years, caused by low inventory and high demand, the sellers were pretty much able to choose between their multiple offers, or accept a full price offer very quickly after list. Times they are a changing here in the Coachella Valley! Properties are still selling..under the right conditions, and if sellers list their properties at the right price.
Inventory is still fairly low, especially for homes that have the desirable South or West orientation that buyers love here in the sunny Coachella Valley. A great floorplan, and a killer location will still create plenty of demand, but pricing is critical. Just because your neighbor got $550/sf. a year ago, does NOT mean your home will garner the same amount.
Land is selling in the Coachella Valley. Interesting that demand has increased in the further Eastern areas of the valley, our more rural cities like Coachella, Thermal, and Mecca are seeing sales, and strong demand. Developers are purchasing land for estate home developments and multiple residential developments. Equestrians are investing in both land and farms, and event sites on multi acre properties are in high demand. Demand remains in our 9 desert cities IF sellers are in tune to the market and price their property correctly! Take a tour of this 108 acre parcel of land on 64/Pierce.
