The Silver Lining of the Coachella Valley Real Estate Market

It seems that a bulk of what we hear in the news these days is gloom and doom for the Real Estate Market. The truth is that the Coachella Valley Real Estate Market is faring quite well in several areas. While the number of properties changing hands has decreased, this decline is felt the most by the low- and medium-priced homes. Upscale and luxury Real Estate throughout the Coachella Valley has seen an increase in value over the past year. According to Real Data Strategies, a market analysis firm, the average price in Indian Wells has increased 11% for the third quarter of 2007 over the same period in 2006. Other Coachella Valley Real Estate to see average price appreciation include Indio and Palm Desert, both of which exhibited a 9.8% increase. When looked at over a two-year period between the third quarter of 2005 and third quarter 2007, 7 of 10 areas of Coachella Valley Real Estate increased, with Indian Wells appreciating 53.9%, Salton City 26.9%, Rancho Mirage 16.6%, Indio 12.5% and La Quinta, Palm Desert and Palm Springs between 3.7% and 6.6%.

The upside of all this is that Coachella Valley Real Estate owners have locked in substantial equity over the last few years. While the appreciation rate is likely to return closer to the long term average, Real Estate in the Coachella Valley tends to fare better than most surrounding areas due to the lifestyle it offers. For buyers looking to purchase real estate in the Coachella Valley there is a great selection of fantastic homes for sale in the area. With far greater choice available in the marketplace, buyers will have a much easier time finding that perfect home.

Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.