Archive for November, 2009

Michelle Obama Recognizes Palm Springs as a “Preserve America Community”

Tuesday, November 24th, 2009

Photo by IK's World TripPalm Springs residents know our town is spectacular. However, it’s nice to get some recognition every now and then! First lady Michelle Obama recently awarded the city of Palm Springs with its “Preserve America” honor. This award is only given to those cities with an active and ongoing historic preservation program as well as a public relations commitment to cultural tourism.

The Preserve America program was put in place in order to help local governments finance preservation projects they may not be able to afford otherwise. With the honor of the award, Palm Springs can now apply for matching preservation grants from $20,000 to as much as $250,000. These grants can help fund a variety of projects from historic resources surveys to signage programs.

Since architectural tourism plays an increasingly larger role in the city’s economic life, organized preservation efforts are only expected to increase in dedication and sophistication in the future. We’d like to say a special thanks to our local citizens, leaders and businesspeople that have helped to preserve our beautiful historic resources.

Interested in buying or selling a home in the Palm Springs area? Contact Patrick Stewart Properties today.

New Home Sales: September Report

Tuesday, November 17th, 2009

319805196_a2bc1b057a_mAs the New Year quickly approaches, you may be contemplating buying a home or selling the one you already own. We’re here to deliver the latest news regarding the real estate market so you can make an intelligent decision when it comes time to buy or sell your home.

According to the latest data released from the U.S. Census Bureau, new home sales for the month of September decreased 3.6 percent from August 2009. Additionally, the September 2009 data was 7.8 percent below the September 2008 data. On a positive note, the average sales price of a new home increased from $256,800 in August to $282,600 in September 2009. This serves as an indicator that the market is slowly but surely recovering.

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.