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Summer 2018 Real Estate Trends in SCPD

In Market Insights, Real Estate Tips, Sun City Palm Desert, Sun City Palm Desert Real Estate Trends
Real Estate Trends Coachella Valley

Summer Real Estate Trends

Did the summer real estate trends match the high summer temperatures? As it turns out, the soaring temperatures didn’t stop home buyers from lathering up with sunscreen, cranking up the A/C and making their way into the community to search for property.  From May 1st to September 15th, 121 homes sold and the median sale price rose from the same time period last year by approximately $37,000 to $357,000.  The days on market (DIM) also decreased by 15 days to 50 during this time period, but the statistic you can’t ignore is the absorption rate of 2.01, indicating the community is still very much in a sellers market (check out the feature article in April’s issue for buyer recommendations and seller misconceptions in a sellers market).  With the inventory in the community still at lows … Read More on the Jelmberg Team Website – Click Here

Summer 2018 - Sun City Palm Desert Real Estate

About the Jelmberg Real Estate Team:

Over the past 8 years the Jelmberg Team completed over 1000 real estate transactions. This level of experience give them deep insight in the communities of the Desert. In particular, the knowledge of real estate trends in SCPD and SCSH is second to none. If you are looking to buy or sell residential real estate in one of these areas there is no better choice than a Jelmberg Team real estate professional. Please visit their website to find all the great resources provided by their team today!

*If your property is currently listed, please disregard. This is not intended as a solicitation of other agent listings. Each Keller Williams office is independently owned and operated. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed accurate by the MLS, Keller William Realty or the Jelmberg Team, Inc.

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