Sold - 1657 S Riverside Dr, Palm Springs, CA

Palm Springs real estate. My listing at 1657 S Riverside Dr in Tahquitz River Estates sold on Friday, 9/19/08. Final sales price was $430,000. The original list price with me was $489,000.; with another agent, previous to my listing, at $499,900. During my listing we had several price reductions, with the last list price at $454,900.

From the time I was given the opportunity to sell the home in March ('08), we had lots of showings and interest. We had a few offers out the shoot that didn't go any where....

I think both seller and buyer are happy with the outcome. The seller received a reasonable price for the home and the buyer now has a great property in Palm Springs!

If you questions about this house, or if you're consider selling your home, I am most happy to talk with you directly. I always appreciate the opportunity!

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Open Houses

Open houses in Palm Springs. Saturday, September 20, 2008, 12-2pm. Village Racquet Club. 432 Village Sq. West. 3 bedroom, 3 bath "townhouse" style condo. Beautifully remodeled top to bottom!

Come to the open house, or call for a private showing!

Click HERE to see details and additional photos.

Listed at $359,000.

Russell Hill, 760.902.3121 RussellHill.net

Loan Rates are Dropping!

If you're on the fence about buying now, it may be a good time to jump off and get into a new home. Loan rates have dropped substantially since the US government rescued Fannie and Freddie. I've seen rates as low at 5.375% fixed for 30 yrs.!

It also may be a great time to refinance if you have a rate 6% range.

Please contact me via the post or by phone if you want more information.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold

Palm Springs real estate. South Palm Springs home sales. For the first 12 days of Sept '08, there have only been only 3 home (single family) sales. The details are below.

9/2 - 1968 S Mesa Dr., Mesa, 4/4, 3048sf, $768,000. ($899,900.)
9/8 - 1120 S Calle Rolph, Deepwell, 3/2, 1372sf, $360,000. ($425,000.)
9/8 - 1958 S Navajo Dr., Twin Palms, 3/0, 2122sf, $455,000. (669,900.)

If you're new to this blog, the price in parentheses is the original list price. Please post your comments and please feel free to reach me with any questions you have about Palm Springs real estate.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold

Below are the sales numbers for August '08 for single family homes in Palm Springs.

Palm Springs (all)
08/08: 42 sales, $470,000 median sales price, $253.91sf
08/07: 48 sales, $555,000 median sales price, $302.35sf

Below are the numbers separated out by area.....

North Palm Springs:

08/08: 17 sales, $380,000 median sales price, $217.09sf
08/07: 13 sales, $400,000 median sales price, $269.25sf

Central Palm Springs:

08/08: 9 sales, $790,000 median sales price, $264.84sf
08/07: 14 sales, $641,500 median sales price, $348.62sf

South Palm Springs:

08/08: 16 sales, $650,000 median sales price, $286.88sf
08/07: 21 sales, $602,000 median sales price, $291.99sf

Number of homes sold is down, but median price is up in both Central and South Palm Springs. Of course, this is just comparing August 2008 to August 2007!

I welcome your comments. I'll try to post the individual sales that haven't already been posted soon

Russell Hill 760.902.3121 RussellHill.net