Palm Springs & Desert area Real Estate

Palm Springs Area Real Estate Sales.

RUSSELL HILL, Realtor, HomeSmart, 760.898.8399; russell@poolsidewithrussell.com,DRE 1427657

Wednesday, May 13, 2009

Palm Springs homes for sale, sold and in escrow. Palm Springs Real Estate Activity for 5/12/09

Palm Springs real estate opportunities in many of Palm Springs' most popular neighborhoods and communities.  Find great prices, including foreclosures across the Palm Springs area.  It's a great time to buy for first time home buyers and anyone looking to invest in Palm Springs real estate.  Find your bargain on my Palm Springs real estate blog.

Here's the activity for Wed., 5/12/09.  Another "slow" day.....

Central Palm Springs:

New Listings:
None

In Escrow:
222 N Calle El Segundo, #567, Plaza Villas, 2/2, $184,900.
485 N Hermosa Dr., Greenhouse, 2/2, $199,000.

2195 Tamarisk Rd., Sun Villas, 3/2, $174,900.
1360 E Tachevah Dr., Ruth Hardy Park, 4/4.5, $1,525,000.

Sold:
1097 Pasatiempo Rd., Ruth Hardy Park, 5/3.5, $400,000.
3625 E Paseo Barbara, El Rancho Vista Estates, 3/2, $410,000.

South Palm Springs:

New Listings:
1655 E Palm Canyon Dr., #104, Smoketree Racquet Club, 1/1, $139,000.

1240 S Manzanita Ave., Deepwell, 4/4.5, 796,000.

In Escrow:
None

Sold:
319 Westlake Ter., Seven Lakes Country Club, 2/2, $185,000.

Source: Desert Area MLS.  Listings are not necessarily those of Greater Palm Springs Realty/Russell Hill

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Russell Hill    760.203.2959    RussellHill@dc.rr.com

2 comments:

CoachingByPeter said...

Buying real estate bargain properties can be a great way to make a large profit. If you take the time to do your research and select the property carefully, you can make a great deal of money.

Anonymous said...

Some people with cash are definitely taking advantage of the market conditions and buying themselves some bargain properties. Many people have been waiting for a time, just like this, to venture into the housing market. Every market presents some opportunities. The time to buy is when all others are selling. The time to hold your cash is when everyone else jumps in to buy. As Carnegie said "When the shoeshine-boy is giving stock-market tips it's time to get out of the market". When everyone is crying and wringing their hands while countless numbers lose their homes to foreclosure it's time to look at the market and choose wisely. For many people, the time to pick up that bargain property in the desert is nigh. Riverside county sales are beginning to creep up. Lenders are beginning to accept the $8K government kickback as a down payment for a first time buy. California is giving those buying new houses $10K toward their purchase, but only until the funds are gone. Two years ago houses in Deepwell were selling for a million and houses in Vista Las Palmas were hovering around the 1.5 M mark, now there are bargains for less than half that. When it's cheaper to rent than it is to own, it's time to buy.