Jerry Shea - Palm Springs, Palm Desert, Desert Cities Real Estate & Homes For Sale
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Rancho Mirage Single Family Home Sales - 54% overall increase, 60% Sold for ALL CASH

The first half of 2010 was very busy for the real estate market in Rancho Mirage, CA. The number of single family homes sold in the first half of 2010 (227) increased by 54% over the first 6 months of 2009 (147). One of the big reasons for this dramatic increase was that the median price for homes barely changed from 2009 ($558k) to 2010 ($555k) indicating that the sharp slide in prices had stopped... [Read more]

The Cathedral City Cove - A hidden gem tucked up in the hills

The real estate market in the Cathedral City Cove has been very busy over the last 6 months (12-19-09 thru 6-17-10). There are currently only 17 homes available for sale out of a total of approximately 1200 homes all together. That means only 1% of all homes in the Cove are for sale at this time. These 17 homes, are a mix of fixer uppers to completely remodeled homes. Buyers have been snapping up... [Read more]

Indian Wells Real Estate - Is now the time to Buy or Sell?

The City of Indian Wells, Ca 92210 is one of the most beautiful and affluent cities in the Coachella Valley (Palm Springs area), as well as the rest of the country. The full time population of 5,025 residents doubles in the winter season to over 10,000 residents spread out about 15 square miles. The city boasts 4 world-class resorts, The Esmeralda, The Hyatt Grand Champions, The Miramonte Resort and... [Read more]

Hit for Haiti - Tennis in Indian Wells, CA

Monday kicked off the 35th year of the fifth largest tennis tournament in the WORLD at the beautiful Indian Wells Tennis Garden. The top 77 men and 75 of the top 77 women will compete for the top prizes in this years BNP Paribas Open. In December, billionaire Larry Ellison, co-founder and CEO of the Oracle software company, bought 100% of the BNP Paribas Open and the Indian Wells Tennis Garden including... [Read more]

Exciting Changes are Happening in the Cathedral City Cove

I just listed and just sold 3 fantastic properties in the Cathedral City Cove and wanted to share with you the exciting changes going on in this wonderful, secluded neighborhood in the desert. A few days ago I closed 38080 Charlesworth Drive. I put the for sale sign in the ground on the morning of July 24th, 2009 and within 4 hours the tractors descended, closed off the street and started tearing... [Read more]

How can you tell it’s Fall in the Desert?

When the license plates start changing colors. Palm Springs, Palm Desert and the rest of the surrounding 9 Desert cities has a population of approximately 402,000 full time residents. In addition, about 100,000 seasonal visitors call the Desert home during the Winter months. These”snowbirds” start arriving every year in the October time frame. Every day we see more out of state and Canadian license... [Read more]

Palm Desert Country Club Pool Home on Golf Course – No HOA’s - $220,000

I just listed a great Cosmetic Fixer home on The Palm Desert Country Club that is generating a lot of buzz so I thought it would be worth featuring it here. The property is located at 76819 Oklahoma Ave, Palm Desert, Ca 92211     First time home buyers should jump on this opportunity and take advantage of the First Time Home Buyer Federal Tax credit of $8,000 before it expires on November... [Read more]

How is the real estate market in Rancho Mirage, Ca 92270?

Since I am asked this question at least 5 times per day, I would like to share a quick analysis with you and give you some key statistics about the current market. Many buyers have come back into the market and are looking to take advantage of the lower prices and low interest rates. Another key reason is the decline in prices has stopped and has been very consistent for the last four months now, and... [Read more]

Palm Springs Area Home Prices and the Number of Homes Sold are Going Up, Up, Up

The median prices of single family homes sold in the Coachella Valley (Palm Springs and surrounding cities)  have increased for 4 months in a row signaling we are either close to the bottom of the market or bouncing along the bottom. According to the Desert Sun article of August 12, 2009 which quoted Bob Thomas of Real Data Strategies, “prices have surged 33% during the first six months of this... [Read more]

Smart Canadians are getting fantastic home deals in the Palm Springs and Desert Cities Area

For the past several years, Canadians have been flocking to the Palm Springs area to buy second homes or winter getaways. 2007 was the peak buying year for Canadian buyers because the exchange rate was the most favorable for Canadians in almost 50 years. On July 11, 2007 the Canadian dollar peaked at $1.1030 for $1.00 US. Stated another way, $1 US dollar was only worth $.9066 Canadian dollars. A home... [Read more]

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Jerry Shea - Palm Springs, Palm Desert, Desert Cities Real Estate & Homes For Sale