What are all the contributing factors making this market so hot?
There are some truly incredible things going on in Coachella Valley, so here’s a quick real estate market update. We are experiencing the most active Coachella Valley real estate market that we have ever seen. This isn’t the 2008 bubble, either—loan standards are high right now. This is true buyer demand.
Last year there were over 3,000 active homes for sale here, and now there are only 742. That’s crazy!
“You will likely get the highest price ever for your home.”
One of our agents just helped a buyer secure a 2.99% 30-year loan. Interest rates were closer to 18% in the 1980s! With the Federal Reserve printing trillions of dollars over the last year, and more to come, it’s not that far-fetched to think we could experience a period of inflation that could see interest rates increase to numbers we haven’t seen since the ‘90s.
Here’s a link to the other pertinent market data if you would like to see it. If you’re thinking of selling your Coachella Valley home this summer, you will likely get the highest price ever for your home. Just these past 12 months, we’ve seen the average sales price rise 27%!
With the shortage of homes, we have many eager homebuyers that we have spent time vetting and preparing to make their strongest offer to get into a home in the Valley. Our agents are working closely with over 1,000 buyers who are ready to make a purchase in the next 90 days. We may be able to arrange an off-market sale so you can skip the strangers walking through your home while still getting full market value—at your price.
Please reach out to the agent on our team you have been working with if you’re thinking of selling your home or buying a home. We look forward to hearing from you.