Palm Springs Home sales up over 40% in July

Posted on Aug 31, 2009 by Paul Kaplan

The Desert Sun reported that Coachella Valley  Home Sales were up 17.4% in July.

July home sales, like June, saw a significant increase in activity. Also like June, most of the activity is at the low end. The actual number of sales is well ahead of last year. In South Palm Springs (92264) July sales were up 21% but prices were down 27%. In central Palm Springs (92262) sales in July were up a surprising 43%, but prices were down an equally amazing 43.,5%.
 
Buyers are snapping up bargain priced properties. It is common for properties to attract multiple offers with prices going way over asking. There’s been a surge in activity in San Diego, Los Angeles & San Francisco as well, which is good news for Palm Springs area  homeowners who should begin to see the trickledown effect.

Click here to read the full article in The Desert sun, http://www.mydesert.com/apps/pbcs.dll/article?AID=2009908290358