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On The Other Side Of The Fiscal Cliff

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Palm Springs Area Buyers Coming Forward In Increasing Numbers

A number of recent buyers shared with me last month that they were in stand-by mode until our fiscal cliff and tax situations were somewhat resolved here in the U.S.. Now these buyers are coming forward in increasing numbers and in all price segments.

Sales activity for both new and resale homes, luxury condos and custom lots are all on the upswing and yes, prices are continuing to rebound as our Palm Springs area inventory remains below normal. January was off the charts busy as buyers continued to take advantage of some great real estate opportunities. February also appears to be very strong.

Property Owners Seeing Increased Values

Desert property owners wishing to sell are now realizing that their property values have increased nicely in the past year in many communities, especially in the mid to upper price ranges.

Long story short, yes last year’s prices are long gone but there are still some very good opportunities in both golf and country club and non-golf communities. While nothing is guaranteed, I see a continuation of the improving market here in the desert for the foreseeable future. After all, a growing number of people from the U.S., Canada and internationally do want to find their home in the desert sun.

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