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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
  • Contact
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

Market Watch 2015

Market Watch

 

Twice a year, we have the opportunity to meet with the group from Market Watch, a team of respected analysts who study underlying real estate market conditions and  trends.  This spring at our meeting, Vic Cooper and Mike McDonald with Market Watch discussed the Coachella Valley recovery and where we stand in relation to the financial market melt down of 2008.

Like all markets, the Coachella Valley Real Estate Market is impacted by supply & demand. While prices have increased, the # of sales have slowed, about 14% overall below last year.  As sales slow, supply increases. If the pool of buyers are not absorbing the supply, it causes an imbalance.  As supply goes above 6 months, seller’s begin to worry & lower their price and so goes the market cycle of supply & demand.

10% of Coachella Valley residents are in the “7 year foreclosure penalty box”. People who lost their homes to foreclosure have been, & will be out of the real estate market for 7 years following the foreclosure, which has had a direct impact on the Coachella Valley real estate market. This 7 year bubble, so to speak, has been a big reason for low sales & a slower recovery, that, along with tighter lending practices & recent dip in value of the Canadian Dollar vs. the US Dollar.

2015 is the leading edge, or the first wave of homeowners who lost their home to foreclosure in 2008 & 2009, they’re coming out of the penalty box this year and getting closer to being able to buy a home again.  As they do, sales will start to increase. Projections are a 10% increase in sales over the next 7 years. Now that’s creating some demand for home buying.

2015 CV Sales Chart

Investors can see the trend & the new opportunities; as prices have increased and more former homeowners are able to buy rather than rent; investors have shifted their focus to flipping rather than buying & renting.

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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