About Riverside County, CA

La Quinta Market Report for Palmilla

11-21-09

Laxson Associates l La Quinta Real Estate

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Office: (760) 567-9100

Mobile: (760) 567-9100

Below is the current market report for the homes in the gated community of Palmilla:

Current Available Listings: 16

Least Expensive Home on the Market: $799,000 - 5 bdrm/5 bth, 4,296 sq. ft.

Most Expensive Home on the Market: $1,349,000 -5 bdrm/5.5 bth, 4,358 sq. ft.

Current Homes in Escrow/Under Contract: 3

Most Recent Sales (past 180 days): 3

Least Expensive Sold: $615,000 - 3 bdrm/3.25 bth, 3,251 sq. ft.

Most Expensive Sold: $800,000 - 4 bdrm/4 bth, 3,895 sq. ft.

Whether you are interested in selling your home or buying a home in Palmilla, contact us anytime to assist you in meeting your real estate needs!

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Foreclosures in the California Inland Empire; Where ARE they??

11-21-09

Kimberley Kelly

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Office: (760) 285-3578

Mobile: (760) 285-3578

Foreclosures in the California Inland Empire; Where ARE they?? I'm out here every single day, slugging it out, trying to find homes within a certain price point, in a certain location. Buyers from out of town, are reading about all the Foreclosures in the Coachella Valley..La Quinta, Palm Desert, Indio, and when I struggle to find enough properties to show them, they cannot believe it! This past year has changed dramatically in the desert. We are a resort town for many, and a year round home for even more, so we have several demanding buyers markets.

The reality is this..homes in the very low end have been stabilized for the past 12 months with more Buyers than Sellers, which are usually banks or Short Sales. Investors with lots of cash have been cruising the desert's lowest priced developments the entire time, and are now finding less properties to choose between. This is a good thing! Even with more Foreclosures predicted in the desert, the pent up Buyer demand will move the low end homes that the banks release.

I have also noticed a settling of the mid to high (up to $1,000,000) homes, especially in golf course communities. A year ago, I didn't think they were a particularly good investment..now I do. You can now purchase a gorgeous, 2004 or newer, 3/3ba on the fairway with a pool/spa for less than $500,000. This is about .60cents/on the original dollar which was what got the bottom priced homes moving. This market is the one that many buyers have been waiting for, and they are now making their moves. Again, there is a shortage of REO's, and when one appears, it is snapped up or generates multiple offers.

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La Quinta Market Report for Mountain View Country Club

11-21-09

Laxson Associates l La Quinta Real Estate

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Office: (760) 567-9100

Mobile: (760) 567-9100

Below is the current market report for the homes in the golf course community of Mountain View Country Club:

Current Available Listings: 47

Least Expensive Home on the Market: $299,900 - 2 bdrm/2 bth, 2,013 sq. ft.

Most Expensive Home on the Market: $1,800,000 -4 bdrm/4.5 bth, 4,149 sq. ft.

Current Homes in Escrow/Under Contract: 10

Most Recent Sales (past 180 days): 23

Least Expensive Sold: $425,000 - 3 bdrm/3.5 bth, 2,535 sq. ft.

Most Expensive Sold: $1,450,000 - 4 bdrm/4.5 bth, 4,449 sq. ft.

Whether you are interested in selling your home or buying a home in Mountain View Country Club, contact us anytime to assist you in meeting your real estate needs!

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La Quinta Market Report for Lake La Quinta

11-21-09

Laxson Associates l La Quinta Real Estate

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Office: (760) 567-9100

Mobile: (760) 567-9100

Below is the current market report for the homes in the community of Lake La Quinta:

Current Available Listings: 16

Least Expensive Home on the Market: $390,000 - 4 bdrm/3 bth, 2,957 sq. ft.

Most Expensive Home on the Market: $1,199,000 -3 bdrm/3.5 bth, 3,701 sq. ft.

Current Homes in Escrow/Under Contract: 5

Most Recent Sales (past 180 days): 8

Least Expensive Sold: $299,250 - 3 bdrm/3 bth, 2,257 sq. ft.

Most Expensive Sold: $680,000 - 3 bdrm/3.5 bth, 3,212 sq. ft.

Whether you are interested in selling your home or buying a home in Lake La Quinta, contact us anytime to assist you in meeting your real estate needs!

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La Quinta Market Report for Griffin Ranch

11-21-09

Laxson Associates l La Quinta Real Estate

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Office: (760) 567-9100

Mobile: (760) 567-9100

Below is the current market report for the homes in the equestrian community of Griffin Ranch:

Current Available Listings: 9

Least Expensive Home on the Market: $849,000 - 3 bdrm/3.5 bth, 3,972 sq. ft.

Most Expensive Home on the Market: $1,299,000 -4 bdrm/3.5 bth, 5,089 sq. ft.

Current Homes in Escrow/Under Contract: 4

Most Recent Sales (past 180 days): 5

Least Expensive Sold: $615,000 - 3 bdrm/3.5 bth, 3,373 sq. ft.

Most Expensive Sold: $870,000 - 4 bdrm/4.5 bth, 4,529 sq. ft.

Whether you are interested in selling your home or buying a home in Griffin Ranch, contact us anytime to assist you in meeting your real estate needs!

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