Summer In The Desert Is The Best Time To Snap Up Bargains!

The plunge in home prices, over the past few years, has only added to the popularity of 55+ communities here in the desert.

In the past 12 months, 479 homes were sold in the four largest 55+ single family home communities, which include Heritage Palms in Indio, Sun City Palm Desert, Sun City Shadow Hills in Indio and Trilogy in La Quinta. All of these active adult neighborhoods are also country clubs. That’s more than one home sold every day of the year.

The lowest priced home sold for $130,100 in Sun City Palm Desert
The highest priced home sold for $725,000 in Sun City Palm Desert

Even more remarkable, the highest priced home took just a little over a month to sell in this so-called down market!

If you’ve been house hunting in the past year, you know that inventory is very low and prices are slowly starting to rise, as a result. The best homes are getting multiple offers and quite often selling for more than asking price. This happens because most buyers wait until the fall and winter (high season) to buy. Which means they are competing with all of the snowbirds for the same tasty worms.

Smart buyers snap up the best deals in the summer months. They have almost no competition and sellers are typically a lot more motivated.

So, if you’re truly looking for a deal, contact me now, before temperatures start to cool and competition heats up when thousands of home buyers flock back to the desert. stevestewart@kw.com