Who's paying for the view??
Who’s buying the really BIG properties..big prices and big locations? The Russians according to the New York Times. This specifically talks about New York, but it made me wonder…will they be heading here to the Palm Springs Valley any time soon?
Some of our most luxurious high end properties are on golf courses. Of course, they could BE golf courses. Porcupine Creek just sold. Escena and Palm Desert CC both sold to development companies that are now re-habbing them and building the properties out. Then there are the luxury golf developments of Bighorn in South Palm Desert. If you want a more rural surrounding, The Madison Club in La Quinta might be the one for you. Indian Wells, located centrally in our Valley offers several exclusive clubs..The Vintage is one of them. There are some glorious properties in downtown Palm Springs that just might ring your Russian Bell..
Luxury property sales here in our Valley have continued to record higher and more frequent sales through the first quarter of 2012. These sales are expected to continue through the year and into next year. Great values can be had in these higher end properties now that their List Prices are more reflective of the market.
If you’re looking for luxury..now could be the time.
