The Southern California real estate market, as a whole, has been showing encouraging signs of finally stabilizing in recent months, especially in areas that have strong, diversified economies such as the Coachella Valley and the Los Angeles metro area.
La Quinta, CA (PRWEB) March 19, 2010
With home sales in the Coachella Valley having risen by 22 percent in January, as reported in The Desert Sun, and with the California housing market already beginning to show signs of recovery, real estate experts are feeling cautiously optimistic about the improvement of market conditions in cities like Palm Desert and La Quinta. While home prices have dropped here as they have elsewhere throughout the country, the lower prices have also begun to attract more buyers.
“I think what we’re seeing here is a trend towards stabilization,” said leading La Quinta and Palm Desert realtor Kathleen O’Keefe. “The Southern California real estate market as a whole has been showing encouraging signs of finally stabilizing in recent months, especially in areas that have strong, diversified economies such as the Coachella Valley and the Los Angeles metro area.”
In Palm Desert, median home values have remained relatively stable since December of last year and the number of sales has actually increased by 38.2 percent year-over-year based on figures from Trulia. Sales in La Quinta also show a positive year-over-year gain of 27 percent.
“We are seeing some of the lowest prices we’ve had in years,” said O’Keefe, “and this is something that has obviously attracted the attention of buyers and investors, as the numbers show. It truly is an excellent time to invest in real estate in La Quinta, Palm Desert and other Coachella Valley areas.”
For more information on La Quinta luxury homes and Palm Desert, CA real estate, as well as properties throughout the Coachella Valley, contact O’Keefe directly or visit her website, http://www.LaQuintaLuxuryProperties.com. The site features extensive property listings, an MLS search tool, real estate news updates and more resources on Valley communities and real estate.