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Real Estate Update For Coachella Valley

What’s Happening in Housing Around the Coachella Valley 

As we approach the middle of August this would normally be the “slow” selling season in the desert.  It gets hotter, there is normally less activity, and the snow birds have all left for the summer. COVID-19 has changed all of that and brought a whole new perspective and sales dynamic to our market.  More and more people are leaving the big city to enjoy all that desert living has to offer. From being able to spread out, to enjoying the hotter weather, and a much more relaxed and stress free lifestyle.  For the most part our inventory remains at a pretty  low level.   Time on market is also quite reduced especially given the time of year.  Having purchased our home in Sun City Shadow Hills last year at this time, I can tell you the sense of urgency to make an offer quickly is much greater this year from the same time frame last year.  We searched for 60-90 days and were able to take our time to find the perfect home for us.  Several of our other choices were still available after we closed escrow on our home.  This year you need to act a little quicker to avoid getting shut out.  All in all this a a Great Time to Sell! 

Thinking About Selling Your Coachella Valley Home?  Call me for a FREE Home Value Report of your home in this crazy market  760-289-5455  ScottPessin@gmail.com of simply fill out the FREE Home Value Report Form on this website.

 

Are you a First Time Buyer?   

The starting point for entry level single family homes in the Coachella Valley  is in the $250,000 – $300,000 range. These homes are elusive and they sell quick.  
I am Happy to Help You Find Your Caochella Valley Home Before Others Do!  If you are good with a Condominium or Town Home, you might have a few more options.  When a home in this price range comes to open market and it is in fair shape, it will not last long. There is a lot of competition out there from many buyers, and investors.  Unless you are a cash buyer, It is important to be pre-approved when you begin your search.  

Luckily for you I am also a MLO (Mortgage Loan Originator) NMLS#1994141 and can get you pre-approved.  Call Me! (760) 289-5455

 

What’s happening with Prices?  

Prices have remained pretty stable for the most part.  If your home is priced right and in good condition it will sell.  Every Neighborhood throughout the Coachella Valley has its unique characteristics and market appeal but the trends we are seeing can be applied to almost all of them. 

 

Have You Gotten Your Financing Together?  

Mortgage Rates are at or near historic lows.  Lenders are swamped as you can imagine and loan requirements have relaxed a little in recent months.   I have many loan programs available to me, and I am certain we have a plan to fit your specific situation.  I encourage you to get pre-approved before you plan to submit any offers in this competitive time, especially with the prevalence of  all cash buyers out there. 

Once Again, Luckily for you I am also a MLO (Mortgage Loan Originator) NMLS#1994141 and can get you pre-approved.  Call Me! (760) 289-5455

 

In Summary

Homes and land are selling throughout the Coachella Valley. There is a ton of new construction of businesses in commercial areas, everything from new casinos,  hotel makeovers, new restaurants and services, new home communities, etc.  the outlook for the Coachella Valley looks positive as soon as we can move past this horrific Global Pandemic.  Stay Safe, and Cool, and let me know if I may help you with your Real Estate or Mortgage needs.  I am Happy to Help as Always!