The market is HOT!!! in La Quinta, California area

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Real Estate Broker/Owner 01293735 CA

I just called to check on 2 listings that recently came on the market. Both are bank owned properties. One is priced at $125,000 and is a nice house but nothing special. Within 2 days, there are 23 offers and many cash offers close to $160,000. The other is $115,000 and also has multiple cash offers way over asking.

What a difference a few months makes on buyers, prices, and sales! This is a frenzy market! I am so happy after so many years of challenging buyers, sellers, investors, it seems the pent up demand is finally acting.

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 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

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Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Lori

Same Here in the Napa Valley, real estate sales remain hot and activity is being to warm up in upper end properties. The Rutherford $2.300,000 home below sold in 6 days and the $12,000,000 in 17 days. Currently there is only a 3.9 months of supply of all residential property here in the Napa Valley. If I look at the hottest market, up to $400,000, there is only a 2.3 months supply. That’s about as low as I can ever remember here. cheers cvc

Mar 14, 2012 10:45 AM #1
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