WHAT'S NEW!
Home Prices & Mortgage Rates
15 Yr. Fixed 3.86% Points 0.6%
1 Year adjustable 3.52% Points 0.7%
Source: California Assoc. of Realtors
Regional Sales & Price Activity
Median prices rose 13.6% and sales fell by 4.2% compared to the same time a year ago for California statewide. Locally, prices jumped 24.9% & sales declined by 5.1% from a year ago. The inventory of 5520 is the lowest since August of 2009.
>The Desert's June year over year price gain by percentage is almost double that of the state as a whole.
> The increase in median selling price does not mean the market has shifted from a Buyer's market to a Seller's market. It does indicate that Seller's with higher home values are finding the marketplace a little more receptive.
>Current reports include a chart that compares the current median selling price with the high point of the boom and the low point of this market. The Desert has the highest percentage gain of any reporting area in Southern California.
>The market appears to be on a measured march toward recovery; but that march could still be slowed or halted by other economic factors in the general economy, such as lingering recession, stagnant unemployment, higher deficits and taxes.
>Ongoing market improvement still requires flexibility and reasonble expectations from both Buyers and Sellers.
Source (CDAR)
>The Desert's June year over year price gain by percentage is almost double that of the state as a whole.
> The increase in median selling price does not mean the market has shifted from a Buyer's market to a Seller's market. It does indicate that Seller's with higher home values are finding the marketplace a little more receptive.
>Current reports include a chart that compares the current median selling price with the high point of the boom and the low point of this market. The Desert has the highest percentage gain of any reporting area in Southern California.
>The market appears to be on a measured march toward recovery; but that march could still be slowed or halted by other economic factors in the general economy, such as lingering recession, stagnant unemployment, higher deficits and taxes.
>Ongoing market improvement still requires flexibility and reasonble expectations from both Buyers and Sellers.
Source (CDAR)
Now Accepting Reservations for 2010/2011
Ford Properties Rental Division is now accepting reservations for the 2010/2011 season. Call Maureen or Kitty to secure your vacation home now!