Archive for October, 2009

Palm Springs, California Ranked #2 Best Place to Retire by CNN Money

Tuesday, October 13th, 2009

3489405205_629c256fd3_mCNN Money recently released a report of the 25 Best Places to Retire in the United States. Coming in at #2 on the list, just behind Port Charlotte, Florida, is Palm Springs, California.

With approximately 42 percent of the population over the age of 50, Palm Springs makes for a welcoming post-work hometown. Mountain views and year-round sunshine add to the town’s appeal, as well as the many cultural activities in the area that offer family-friendly educational entertainment.

Perhaps one of the most appealing aspects of Palm Springs for those looking to retire is its general affordability. For example, the average 3-bedroom home in Palm Springs is currently worth a reasonable $250,000. And while there are certainly mansions in Palm Springs worth millions, the typical home price combines value with affordability.

For a snapshot of these and other stats on Palm Springs, check out the Palm Springs snapshot. To compare Palm Springs to other cities ranked as best places to live check out this comparison list.

Interested in buying or selling property in the Palm Springs or the Coachella Valley area? Contact Patrick Stewart Properties today.

Summer Breakdown: August 2009 New Home Sales up from July

Monday, October 5th, 2009

Hey all! Dropping in to give you the inside scoop on the real estate market since the summer season has come to an end. According to the latest data released from the U.S. Census Bureau, new home sales for the month of August increased 0.7 percent from July 2009. While this is definitely good news, as it shows that things are looking up in the real estate market as a whole, it should be noted that the August 2009 data was 3.4 percent below the August 2008 data. This indicates that we have not fully recovered to pre-recession strength just yet. Sales are predicted to continue to increase through the fall which will further help the real estate market.

In similar news, the August 2009 average sales price of a new home was $256,800. For the full release, check out http://www.census.gov/const/newressales.pdf

Interested in buying or selling property in Palm Springs or the Coachella Valley? Contact Patrick Stewart Properties today.