People ask me everyday about our local real estate inventory. And I tell them that our local desert inventory continues to shrink. That said, real estate is local and varies from community to community and certainly by price segment.
Here’s an interesting fact. As of this moment in time there are only 70 bank owned homes listed in our market at $200,000 or higher! The luxury market is even tighter as you’ll see only 14 homes listed at $500,000 and up.
Here’s the list of bank owned homes for sale (live MLS feed subject to change). A direct link to bank owned home listings is also available direclty on my website in the right side links under “Featured Communities And Listings”.
PS: The above photo shows one of my top REO picks for this month.
Data source: MLS listings for the cities of La Quinta, Rancho Mirage, Indian Wells, Palm Desert, Palm Springs and Indio priced at $200,000 and higher.