Entry Level homes are selling in the Desert. The COVID19 Virus is alive and well…unfortunately. But homes are still moving here in the Coachella Valley. All 9 of our Valley cities are moving. Inventory is pretty low, and it is normally lower anyway as we head into the heat, but even more so now as sellers pull their properties off the market. Many sellers are making the decision that until we can show homes easier, and things have settled down in the Economy, they are waiting it out. Call Kim Kelly, long time local Realtor selling Entry, mid level, and luxury residences from West Valley to East Valley. 760-285-3578.
Entry level in the Coachella Valley cities varies from City to City, but basically $350,000 and under is still considered entry level. First time home buyers can often qualify for an FHA Loan which only requires 3% down. Conventional loan rates for primary residences are fantastic right now. 15 and 30 year mortgages are available for 3 – 3.7% Interest rates.
This cute, clean, 3 bed/2 bathroom home built in 2005, located just West of Indio just closed at $344,000. Approx. 2100 sf, and featuring a SOUTH facing Pebbletec Pool and Spa, this one went into escrow within a week of hitting the market. The appraisal came in a bit lower than List price ($350,000), and the buyers and sellers negotiated the difference. That is what’s selling now..properties that have sane sellers. The Virus is telling all the Sellers that if they are really interested in moving their properties, buyers are available..you just HAVE to negotiate. The market is softer than it was, so reflect it! Take the tour on this gorgeous home at Los Lagos in Indian Wells. A unique community of only 85 homes, all oriented around beautiful walkways and waterfalls..this one is listed furnished at $549,000.