International purchases, most of which were made by Canadians, accounted for more than 2,800 purchases over the past two years according to Desert Area MLS data.
Palm Springs, California (PRWEB) December 12, 2012
Brad Schmett, Broker Associate with Luxury Homes by Keller Williams and Palm Springs real estate expert, has announced today that real estate in Palm Springs and neighboring desert cities is selling fast, with many Canadian “snowbirds” arriving before the start of “high season”, and buying vacation homes and condos at near record levels. Favorable economic factors on both sides of the border, coupled with the onset of the bitter cold Canadian winter, has combined to make now a phenomenal time for Canadians buying real estate in Palm Springs.
Brad Schmett, an expert in both Palm Springs real estate and La Quinta real estate, specializes in helping buyers purchase vacation properties and second homes in golf course and gated communities. Schmett has earned a reputation for providing a uniquely high level of service to his clientele. To better serve his large and growing Canadian clientele, Schmett offers an online Canadian Buyer's Guide.
According to Schmett, “It’s fairly common to see a number of Canadians arrive here in Palm Springs in advance of the January 1 launch our “high season”. However, this fall we’ve seen far more Canadians arrive to purchase second homes and vacation properties than we normally see.
Decade-low Palm Springs area home and condo prices and a strong Canadian dollar have combined to make real estate in the Palm Springs, CA area a prime target for Canadians looking to take advantage of market conditions. “International purchases, most of which were made by Canadians, accounted for more than 2,800 purchases over the past two years according to Desert Area MLS data,” states Schmett.
Brad Schmett, a broker with over 25 years of business experience, has acquired a keen understanding of the needs and concerns of his clients, in particular his Canadian clientele. “My Canadian clients look to Palm Springs real estate as their investment of choice because there are so many incredible properties available – at 1998 to 2002 price levels. They see the phenomenal opportunity the Palm Springs real estate market is presenting to them – and they want to take advantage of it while it lasts,” says Schmett.
Schmett states, “With more than 8,000 resale homes and condos sold in the first three quarters of this year, sales could exceed a record for the Palm Springs area this year – in large part because of foreclosures, short sales and other bargains that have attracted second home buyers and investors, many of which are from Canada.”
To find out more about investing in Palm Springs real estate visit http://www.PalmSpringsRealEstateInfo.com.
About Luxury Homes by Keller Williams: Luxury Homes by Keller Williams – Palm Springs, is an exclusive, elite and sophisticated group of real estate consultants raising the bar for service in the upper-tier Palm Springs area residential real estate market.