Coachella Valley home sales rose 9.4 percent in September compared to September 2010, outpacing Riverside County and Southern California, a new report shows.
The valley's strength as a second-home market continued to help drive sales, desert real estate brokers and agents said.
One positive sign was that the percentage of distressed sales continues to fall, said Greg Berkemer, executive vice president of the California Desert Association of Realtors.
Bank-owned and short sales accounted for half of all single-family home sales in September — down from 62 percent in September 2010, Berkemer said.
The valley's $168,000 median price — half sold for more, half for less — rose $500 more than in August. That price, though, was 7.3 percent lower than in September 2010. The median price in September in the valley was $175,000, according to CDAR.
That compares to a $165,400 national median price for an existing home in September, which marked a 3.5 percent drop from September 2010.
Many potential home-buyers are skittish about the economy and unsure about whether prices have bottomed out, Realtors said. They're willing to making low-ball offers.
Monday, November 7, 2011
Tuesday, February 22, 2011
Annual home tour offers a sneak peak
The Desert Sun
Written by
Judith Salkin
With so many fabulous homes here in the desert, many in gated communities, it's rare to have a chance to just walk through a few them.
For the past decade, the owners of a number of those exclusive properties have opened their doors for the Children's Discovery Museum of the Desert annual home tour, which has raised more than $500,000 for museum programs.
The six homes on Sunday's tour encompass a variety of styles, said Assistant Executive Director Judi Miller.
“One of our criteria is to try and show the diversity of architectural and design here in the desert,” she said. Contemporary, California Mediterranean and midcentury modern are all represented.
In selecting the homes, the museum looks for those designed by local architects and interior designers. “We like to show off the work of the talented designers who work in our valley,” said Miller.
In the past, the home tour was one of several public fundraisers the museum held annually. But this year is different, Miller said.
The Children's Discovery Museum is in the midst of a major expansion project, and the home tour is the only public fundraiser it will host in 2011, Miller added.
The funds raised will all be earmarked for scholarships for local children to attend programs and camps.
As of Monday, nearly two-thirds of the 800 tickets for the tour had been purchased.
Written by
Judith Salkin
With so many fabulous homes here in the desert, many in gated communities, it's rare to have a chance to just walk through a few them.
For the past decade, the owners of a number of those exclusive properties have opened their doors for the Children's Discovery Museum of the Desert annual home tour, which has raised more than $500,000 for museum programs.
The six homes on Sunday's tour encompass a variety of styles, said Assistant Executive Director Judi Miller.
“One of our criteria is to try and show the diversity of architectural and design here in the desert,” she said. Contemporary, California Mediterranean and midcentury modern are all represented.
In selecting the homes, the museum looks for those designed by local architects and interior designers. “We like to show off the work of the talented designers who work in our valley,” said Miller.
In the past, the home tour was one of several public fundraisers the museum held annually. But this year is different, Miller said.
The Children's Discovery Museum is in the midst of a major expansion project, and the home tour is the only public fundraiser it will host in 2011, Miller added.
The funds raised will all be earmarked for scholarships for local children to attend programs and camps.
As of Monday, nearly two-thirds of the 800 tickets for the tour had been purchased.
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