Acclaim Properties, a leading Coachella Valley realty company, discusses the increasingly positive outlook for the housing market in this area of California. While the realty markets in some California cities remain stagnant, the Coachella Valley continues to offer improving housing values and a competitive market.
Acclaim Properties, located on the web at www.goacclaim.com , is a full-service realty company that specializes in marketing properties located in the Coachella Valley.
A recent report from Acclaim Properties shows how homes for sale in Cathedral City, CA as seen at http://www.goacclaim.com/102/Acclaim-Properties-Inc , as well as Rancho Mirage homes for sale as seen at http://www.goacclaim.com/32/Your-Home%27s-Value and other Coachella Valley properties continue to recover their previous value, creating a robust sales market in this region.
According to this report, "distressed" sales, or those in which the homeowner or bank is willing to take less than market value, finally dropped below 10 percent of overall sales in March 2014. This is a good indication that the real estate market is finally experiencing true growth.
According to Acclaim Properties, this is "the target level we have long felt represents 'complete' recovery from the severe housing crisis that has gripped the valley since 2008." Eight of the 11 cities on the report have less than 10 percent distressed sales, with Palm Springs, Palm Desert, La Quinta and Indio close to five percent. Indio has moved from 44 percent distressed sales to five percent.
For the sixth straight month, houses in the Coachella Valley have inched upward, reaching a median price per square foot of $176, the highest since 2008. Of the nine major cities in the Coachella Valley, Indio leads in price increases at 27.2 percent, followed by Desert Hot Spring with 24.6 percent increases. Cathedral City and La Quinta also posted gains, and all cities seem to be moving upward in price.
Acclaim Properties is ready to work with sellers in the Coachella Valley as well as buyers who want to find the perfect home at the right price. For more information, see http://www.newswire.net/newsroom/pr/00083449-acclaim-properties-cathedral-city-ca.html
About Acclaim Properties:
Those with Palm Springs homes for sale will find professional, corteous service at Acclaim Properties. These Rancho Mirage realtors have many years of experience in rental management, sales and helping buyers and sellers throughout the Coachella Valley.