What are Investors looking for in the Palm Springs Valley?
By Kimberley Kelly, SFR, HAFA, GREEN, I do Real Estate like I played polo-to WIN!
(HK Lane, Christie's International Affiliate, 760-285-3578)
With 15 years as a Realtor here in the beautiful Palm Springs Valley, I have seen several cycles in the real estate world. We appear to have pretty much wrapped up our Short Sale frenzy, and I am closing my last short sale listing of 2014. Foreclosures are few and far between, and are not priced a heck of a lot below Fair Market Value anymore. The most recent "cycle" appears to be two pronged. 1. ANYTHING Mid-century Modern, no matter the condition it's in..will sell! Investors are still buying them, renovating them, and re-selling. Palm springs and Rancho Mirage have the most of this style home. Our Celebrity clientele from Los Angeles, as well as Russian and Asian buyers are really drawn to these homes. I couldn't be happier to see them being brought up to par. A gorgeous hous...
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