Jeannie Niles Real Estate Investment
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Palm Springs Area Updates: 2008
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December 12, 2008
The declines were very minimal, in fact November was almost identical to October.
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November 06, 2008
Inventory increased, sales declined and new listings increased in all types of property this month. I expected this because of all the bad news in the credit markets, government bailouts, declining stock market.
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October 03, 2008
Inventory increased by 600 properties; however sales increased by 54%!!!!
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September 16, 2008
Total available properties decreased again this month 9 percent when compared with July.
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August 10, 2008
Total available properties decreased again!!!
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July 14, 2008
The trend has continued to improve, not by a huge amount but this is the summer months, the temperature is well over 100 degrees and property sales are only slightly less than May of this year.
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June 16, 2008
Good News Again!!! May continued the trend that started in March of 2008.
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May 02, 2008
Since March is traditionally the strongest month in the desert area, it’s a good sign that April continued to reflect strength and improvement.
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April 04, 2008
Single family homes fared very well in March.
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March 07, 2008
February was far more positive than January.
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February 05, 2008
Unfortunately, the statistics for January are not good. Inventory increased in all categories.
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January 03, 2008
While these statistics for December are not great, we have had two months of improvement.
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This is the lowest inventory we have had in five years!
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I’m having a lot of success getting short sales approved on Investor Owned Property.
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The season officially begins 10/1/09. Many investors purchasing properties for cash.
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Fewer foreclosures, many more short sales. Rental market firming up.
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On investment property it is common to enjoy a 7% cash on cash return…. Where else in today’s financial market can you achieve this kind of earnings safely?
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Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
