First Quarter Palm Springs Real Estate Sales Up In 5 of 6 Desert Cities
Posted on April 30, 2012 at 06:21 AM EDT
Sheri Dettman, Principal Realtor of Sheri Dettman & Associates in La Quinta announced today that residential property sales rose in five of six Palm Springs area cities during the first quarter of 2012 compared to the same period in 2011.
Indian Wells recorded the largest sales increase with home sales rising 21.05% over 2011. La Quinta and Palm Desert followed with sales increases of 9.35% and 3.45% respectively. Palm Springs home and condo sales increased by 2.07% over Q1 of '11.
Average Sale Price Increases
Over $608 million in desert property was sold during the first quarter of 2012 within the cities of La Quinta, Indian Wells, Palm Desert, Rancho Mirage, Palm Springs and Indio.
"It appears that buyers of resort lifestyle homes and condos in increasing numbers are continuing to take advantage of some of the best real estate opportunities in over a decade," said Sheri. "Rising sales over the last 18 months though have been causing inventory to shrink over the last six months."
About Sheri Dettman & Associates
Data Source: Desert Area MLS(R) compiled by Sheri Dettman & Associates.
Read the full story at http://www.prweb.com/releases/2012/4/prweb9454674.htm
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