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?
- 29% mortgages are still underwater = some sellers just can’t sell yet
- 80% of investors are buying and holding and renting instead of fixing and flipping
- Pocket listings are becoming more commonplace.
- 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)
If you don't see your community or information you'd like to know, call me today at
760-567-7282.
If you don't see your community or information you'd like to know, call me today at 760-567-7282.
