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Michael Layton Lic 01342880
Keller Williams Realty (760) 272-5500 michael@psagent.com http://www.PSagent.com  
Listed by: Keller Williams Realty |
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Our recent listings
Central Palm Springs Pool Home
Palm Springs Starter Home Panorama Pool Home Tennis Club Condo Palm Springs Canyon Estates Beauty
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August 2011 numbers have been reported and they are once again RECORD SETTING! 
In the Year over year numbers we are seeing a dramatic drop in the supply and a dramatic increase in the number of homes selling in the Coachella valley - Palm Springs Palm Desert area of Southern California.
Starting with the properties for sale:
At the end of the Month of August 2011 there were 5,495 properties for sale valley wide.
This reflects a 21.3% drop from August of 2010 when 6,983 properties were for sale.
Looking forward at what we can expect for next month we see that the numbers of properies under contract at the end of August 2011 is 1063 a substantial change from the end of August 2010 when a mere 608 properties were under contract.
Lastly, we look at “months supply of inventory” this is the number that says how many months our current inventory would last if home sales continued a the same pace and no other properties came on the market. Highlighting the fact that Real Estate is local I think that here it is interesting to note the national VS. the local stats. Nationally, at the end of Aug 2010 there was a 9.1 months supply of inventory while locally it was 9.4 months. That number quickly flipped and we saw a steady decline in our local number for the balance of 2010 (with the exception of December 2010) and into 2011. We find ourselves in August 2011 with Nationally the number at 5.4 months supply and the local number at an eye popping 3.8 months supply!
A new conversation?
For so long now the conversation has been all about loan interest rates. With this sort of inventory decline, at least locally, I have to wonder if the conversation shouldn’t shift to availability of housing to buy? Quite a few buyers are starting to express frustration with the lack of inventory and bemoaning the fact that the "good ones" are gone before they can even see them.
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Overview Maps Photos Features Description Neighborhood Market Stats |
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Michael Layton
Keller Williams Realty (760) 272-5500 michael@psagent.com http://www.PSagent.com
Listed by: Keller Williams Realty |
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Our recent listings
3 Bedroom Bungalow
4 Bedroom Home For Sale Sunrise Park 4 Bedroom Central Palm Springs Condo 4 Bedroom Newer Home
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The Palm Springs CA area experienced a fairly nice little lift to finish off the year. December 2010 reversed the slight inventory increase we had in November. Total properties for sale fell to 7,415 a drop of 285. While 837 properties went under contract - this was an increase over November. Sales activity in the 7 major cities of the Coachella Valley had 739 homes sold - an increase of 81 units over November 2010 and our very best month since June 2010. Other important statistics show the fewest number of new listings coming on of any month in 2010 - just 1,184 new listings. This helped contribute to the 7.9 "Months Supply of Inventory", the lowest number of any month since July 2010. Median Sales price of $195,000 was the highest since July of 2010.
Keeping things in perspective these were modest gains but in a snapshot of the whole year seeing more good signs than bad ones bfelt pretty good.
For more information on the Palm Springs CA area real estate market be sure to visit our site at PSagent or our blog at PShouseblog
Ruth Hardy Park is both a Park and a neighborhood in Central Palm Springs.
Living in Ruth Hardy you are at the heart of it all and just 5 minutes from everything in Palm Springs. It is also a great walking neighborhood. One of the best things about Ruth Hardy Park is that there are homes in a wide price range. From the 200's to well over 1 million the variety is astounding. Currently there are homes from $179,00 to 1.5 million. 23 homes have sold so far this year and there are currently 10 in escrow.
Is it time to call this centrally located neighborhood home? Give us a call or stop by the website www.PSagent.com
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Palm Springs Keller Williams Agent. 18 Years experience.
Experience, Trust and Knowledge 
Who to Choose!
There are many people in the market place eager to help you with real estate. I believe it is VERY important that you choose carefully. The person you choose will be helping you make some pretty important financial decisions. That person needs to have a true knowledge of the entire process. Just obtaining your salespersons license is not enough, in my opinion, to truly understand the entire process of investing in real estate. Because, even if you are just buying a primary residence, it is an investment. One that can bring you long term financial rewards. Being a multi-million dollar producer is a good thing, and I am one, but in my opinion to understand the investment side of real estate you have to have done it for yourself. I have.
Why I think I am the right realtor for you:
For Up To The Minute News, Info and hot topics Be sure to visit my blog at http://pshouseblog.com
Experience, Trust and knowledge - because it really does matter who you chose to buy and sell real estate with.
Looking For Palm Springs Area Real Estate has never been easier. Here we have it broken down by city giving you the fastest and easiest way to find the right property for you.
Specialization
I specialize in representing my clients in the purchase and sale of single-family residences -- both homes and condos -- within the cities of Palm Springs, Cathedral City, Rancho Mirage, La Quinta, Desert Hot Springs and Palm Desert. I keep current of all activity in these areas, and I'm also aware of homes that are not listed but are for sale.
In Real Estate there are many fanciful slogans about service but few definitions. Let me define service for you. It is my total dedication to the process of buying or selling your real estate. Protecting you every step of the way using my knowledge to make the transaction not only smooth but safe. Each transaction involves a myriad of different situations and I consider it my primary job to keep you informed of your rights and your options every step of the way.
I work very hard to stay on top of the market. Touring hundreds of homes every month, networking, taking seminars and staying connected with trade publications.This is the level of dedication you deserve in your real estate transaction.
Commercial Expertise. For 16 years in my other buisness I negotiated commercial leases. If you are looking to purchase a small buisness opportunity I can help guide you thru the process of negotiating, understanding and implementing the lease. These sales are usually much more time consuming but if you are in the market please give me a call and I will see if my abilities fit your goals.
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