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La Quinta Home Sales up AGAIN in May!
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Beautiful La Quinta
…and not just the City of La Quinta. All the desert cities through the Palm Springs Valley showed significant increases in Sales numbers (up approx. 6.1% from May, 2011).
My Equity Listings (standard sales) are generating multiple offers now too..it’s NOT just the short sales or foreclosures. If Sellers price their properties right..and I mean in the Luxury Market too..they WILL sell! Don’t get greedy, continue to be sensible and take a look at this article from today’s local paper about the Sales numbers and price changes for La Quinta and the Palm Springs Valley.
The number of distressed properties dropped from approx. 48% of sales to approx. 40% of combined sales. Inventory levels: Single Family homes: 2,266 and available Condos: 1,113.
The Median sales price in La Quinta jumped to $302,000 and there were a total of 165 Sales closed. Median sales numbers are up through the entire valley by approx. 6% from a year ago. This is due to more luxury properties selling. Good news for the Housing Market in our Valley.
Inventory has not been this low since 2005! Combine that with great mortgage rates and the heat is on!
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