The Desert is heating up right now in more ways than one! We all know that the weather is getting hot—100 degrees and rising, don’t forget that it is a “dry heat” :-). But, in addition we are amazed at the number of buyers that are arriving at this time of year to look at homes. Rumor has it that there are deals to be had, and that this is the time to come and get them. And, I must agree. There is truly great opportunity right now to buy a beautiful home in the Desert for an unbelievable price. We are already noticing that the really nice values in the range of $500,000 and lower are going so quickly that it is becoming a seller’s market! Often with multiple offers! The high end is still a buyer’s market, but if the home is perceived as a deal, it is being purchased quickly. The buyers have been waiting a long time for that “perfect deal”, and they are now realizing that even in the high end, their day has come to purchase. Dependent on the area, seller’s home prices have come down 30% to 40% from the all time highs of 2006 . The summer buys that are available today are the best values that we have seen in years.
Blog