La Quinta, California

La Quinta, California
Desert Luxury

Desert Luxury Realty

Thank you for visiting my blog. When you choose Mary Williams, as your real estate agent, you are working with a team of seasoned professionals who cater to your every real estate need. Buying or Selling your home does not need to be full of hassels or needless pressure. Take it easy and enjoy the luxury of the desert. I look forward to assisting you with your search or sell of your home. Contact me today!

Wednesday, March 13, 2013

Why is there such low inventory in The Desert?

If you have been looking to purchase in the La Quinta and surrounding area, you soon find out there are fewer homes on the market as in the past. Why does the Desert have low Inventory?
  1. 29% mortgages are still underwater = some sellers just can’t sell yet
  2. 80% of investors are buying and holding and renting instead of fixing and flipping
  3. Pocket listings are becoming more commonplace.
  4. Some sellers are still unrealistic with pricing = not real listings
Market Conditions:
  • 30% of all transactions are all cash …………….Lending is still tight
  • It is predicted that interest rates will remain low until unemployment is at 6.5%
Check out the charts below to see how the real estate trends in the Desert have fluctuated over the last several years. (click on each photo below to enlarge)

Market Trends_Page_12Market Trends_Page_17Market Trends_Page_09Market Trends_Page_10
Market Trends_Page_11
Market Trends_Page_32 If you don't see your community or information you'd like to know, call me today at 760-567-7282.