Indian Creek Villas Palm Desert, CA November '09 UPDATE

As an indication of the strength of the real estate market: six months ago there were very few sales and over 10 properties on the market.

Currently there are three properties on the market priced at 72,500, 103,000 and 109,900. The 72,500 and 103,000 properties are shortsales with the $109,900 property being a regular seller.

Four properties are currently in escrow and there have been 10 closed escrows since 9/1/09.

Sale prices have been a low of $65,000 to a high of 98,900 for a unit that had been totally refurbished. Majority of sales prices are high sixty’s to low 70’s.

Unit 1’s are the front unit, all on one floor and seem to be the most popular model since it’s similar to “a little house”.