As usual, I will continue to keep you informed during the virus outbreak so that you know how this is affecting your neighborhood and local real estate market.
There are a few new rules to play by. For starters, California real estate agents are currently being prevented from holding broker tours or open houses so we are going to be relying even more heavily on technology. It is standard practice for me to provide high resolution images and walk through videos for my listings—as well as a full disclosure package available digitally. This helps buyers make informed decisions even when they may not be able to see the property in person. (Now more than ever it is so important to disclose the good, the bad and the ugly. No home is perfect. Buyers know that. It is always possible to find a buyer out there for every property. Don’t try to hide things, only to invite a law suit later.)
Another new rule for California real estate: There are currently no showings allowed in occupied homes. So if you have your home on the market, or are considering putting your home on the market, it must be vacant if you want people to be able to see it. This is a good rule of thumb even if we aren’t in the middle of a pandemic. The easier it is to see, the easier it is to sell.
Now, back to our regularly scheduled programming…
The chart below shows the home sales activity in the neighborhood for the month of March 2020 (and the preceding 12 months for comparison).
The final selling prices for the month of March ranged from a low of $263,000 at 42775 Kansas Street to a high of $299,000 at 77180 Michigan Drive.
It remains a good time to be a seller in Palm Desert Country Club! And with STRs banned effective January 1, 2020 you may want to consider listing yours for sale or finding a long-term tenant. You can contact me for either or both.
To see everything that’s currently for sale in the neighborhood, click here.
If you have any questions, or if you or someone you know is considering buying or a selling a home, do not hesitate to contact me.
|
Month |
# of homes sold | Average Days on Market | Average ORIGINAL Asking Price | Average FINAL Selling Price | # Sold AT Original Asking Price |
# Sold OVER Asking |
| March 2020 |
4 |
71 | $298,225 | $281,500 | 1 |
– |
| February 2020 |
6 |
65 | $336,971 | $325,429 | – |
– |
| January 2020 |
4 |
24 | $392,125 | $383,500 | – |
– |
| December 2019 |
7 |
40 | $324,271 | $312,714 | 1 |
1 |
| November 2019 |
10 |
82 | $334,415 | $313,909 | – |
– |
| October 2019 |
5 |
78 | $323,216 | $307,250 | – |
1 |
| September 2019 |
7 |
54 | $342,332 | $339,342 | 2 |
– |
| August 2019 |
5 |
112 | $376,300 | $366,700 | 1 |
– |
| July 2019 |
10 |
39 | $311,710 | $309,550 | 1 |
4 |
| June 2019 |
15 |
68 | $312,853 | $294,847 | 2 |
2 |
| May 2019 |
8 |
79 | $320,181 | $308,739 | 1 |
– |
| April 2019 |
7 |
67 | $353,041 | $329,243 | 1 |
– |
| March 2019 |
9 |
45 | $326,922 | $309,278 | – |
– |
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