Designed, Donald Wexler
For more information on this Palm Springs HOT property, please contact Patrick Jordan or Stewart Smith at (760) 325-9091 or visit www.patrickstewartproperties.com
Archive for the ‘Home Tours’ Category
Deepwell home designed by Iconic Designer, Donald Wexler
Wednesday, February 2nd, 2011Video: Why Some Houses Sit While Other Houses Sell
Monday, September 13th, 2010Ever wonder why some houses stay on the market for months – if not years – while others sell within weeks of being listed? Jay Papasan, VP of Publishing and co-author of a number real estate best-sellers, offers an explanation in this video.
“Just being on the market is not the same as being in the market,” says Papasan.
Price and condition of the home you’re selling are key to being “in” the market, according to Papasan.
“Buyers are looking for deals and steals,” he says. “They are spoiled with choices.”
In order to remain in the market you need to make sure your home in priced right and in the right condition to attract buyers. The best way to judge whether you’re in that sweet spot is by the number of showings you’re getting, according to Papasan.
For more tips on purchasing a home and if you’re interested in buying or selling property in Palm Springs or the Coachella Valley area, Contact Patrick-Stewart Properties today.
Palm Springs Real Estate Sales Rise Along With Statewide Stats
Friday, June 18th, 2010
California real estate sales rose by about 5 percent last month over the prior year, according to the latest sales figures.
MDA DataQuick, which compiled the statistics, recorded 40,965 single-family home and condo sales across the state compared to only 39,051 in May 2009. The sales peak came in 2004, when about 68,000 homes were sold.
The median price also rose statewide, according to the report. The median home price last month was $278,000, up from $255,000 in April. Compared with last year, the median price rose 20.9 percent, from $230,000. Prices peaked at about $484,000 in 2007.
About 35 percent of the homes sold last month were foreclosed properties, according to DataQuick. Just a year ago, foreclosed property sales represented more than 50 percent of the market. Foreclosure sales reached their highest level in February 2009 when they encompassed about 59 percent of the statewide market.
In Southern California, sales for homes priced at $500,000 or more took a significant portion of total sales reaching about 21.6 percent of homes sold.
“Last month’s jump in the regional median sale price is the flipside of what we saw a year ago, when low-cost inland foreclosures dominated and sales in the costlier coastal towns struggled for a pulse. Today the bargains on foreclosures are fewer and farther between, and the high-end is approaching a normal sales rate,” said John Walsh, MDA DataQuick president.
“The important thing to remember, though, is that what we saw in May was partly driven by government stimulus,” he added. “In the second half of the year the market will have to stand on its own again, barring new forms of government involvement. Prices will be tested if there’s any sudden move by lenders to release a flood of distressed properties.”
The burst in activity in the high-end market pushed the median home sale price in the Southern California market to $305,000 last month.
Interested or buying or selling property in Palm Springs or the Coachella Valley area? Contact Patrick-Stewart Properties today.
House Tour of Sunmor Estates, Palm Springs
Tuesday, March 16th, 2010
Sunmor neighborhood and Palm Springs early 1960's Patrick-Stewart Properties encourages you to join the House Tour of Sunmor Estates! A Gem of Midcentury Architecture – a house tour of beautiful modernist ranch homes constructed in the late ’50s and early ’60s by the famous Alexander Construction Company and local builder Robert Higgins. The tour concludes at a home that has undergone a green remodel featuring special insulation, solar electric panels, solar thermal water heating and other ecological innovations. sunmorpostcard Interested or buying or selling property in Palm Springs or the Coachella Valley area? Contact Patrick-Stewart Properties today.
