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Not A Typical December Market

PGA west pool Palm Springs Real EstateLast month I wrote “traditionally we see a short pause in real estate activity from the middle of November until the second week in January. The holidays in November and December usually prompt desert-dwellers from other places to temporarily return to their roots for visits with family and friends.”

Well, things have changed this year! Towards the end of November and now into December we are personally seeing a record number of transactions and we are on-track to break our all-time monthly sales record in December, usually our slowest sales month of the year.

What seems to be taking place now in the desert is a flurry of purchases on some great bank-owned homes, luxury condos and properties that are priced to compete with these distressed properties. This month we have seen discounts from thirty to sixty percent from previous sale prices. No wonder this is being referred to as one of the greatest buyer’s markets ever!

Call or drop me an email and I’ll send you a list of some recent sale examples from $195,000 to almost $2 million that included some huge discounts.

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