Here comes the great California weather to Palm Springs, warm days and cool nights.  Certainly the seasonal weather has arrived and it is time to ask your self whether it is time to buy a home in Palm Springs.  As the temperature cools, the Palm Springs real estate market has heated up.  As reported in the Los Angeles Times on October 24, 2009, “Sales of existing homes rise 9.4%.  It was the fifth increase in the last six months, and sales activity is at the highest level since July 2007,”according to the National Association of Realtors.

As I reported on October 1, 2009, inventories of single family homes and condominiums decreased by over 30% from six months earlier.  The fact that inventories are reduced is evidenced when looking for properties for prospective buyers as it is slim pickings.   Today, October 28, 2009 inventories in Palm Springs have yet again taken a dramatic drop from 512 homes on October 1 to 379 homes on October 28, as condo inventories remained steady at about 440 units on the market.  The drop in the month of October, 2009 was 26% alone.   On October 28, 2009, The Los Angeles Times reported, “Home Prices continue to climb.  A national index rises 1% (home values) in its third consecutive month-to-month gain.”

Again, it seems as a housing recovery has begun.  In Palm Springs inventories are way down and prices are moderately on the increase and the Palm Springs season has just begun.  So, is it time to buy?  You bet, the job for the real estate professional is to find the perfect house with low inventory of homes.  Enjoy the Palm Springs perfect weather, whether or not you’re looking to buy the perfect t home in Palm Springs.

I stand ready to show you what Palm Springs has to offer as a first residence or a second home and I am always looking to list residential properties in Palm Springs.  It may be time to sell as inventories are way down and prices have moved up moderately.  Good properties are hard to find and are commanding good prices, so it may be time to become a seller.

Tags: Gary Carlson, Palm Springs Market Watch, Palm Springs Real Estate, Prudential, The Moore Carlson Group

This entry was posted on Wednesday, October 28th, 2009 at 2:33 pm and is filed under Gary's Real Estate Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.