Coachella Valley real estate professionals share their thoughts on the market outlook for the region for 2011 with two months left to go in 2010. They agree there is uncertainty in the market, but the trend is for an 8-10% increase in sales for 2011. The real estate professionals say 2011 should be about reducing the foreclosure/short sale inventory as well as a leveling out of the average price. Historically low interest rates and low prices should motivate prospective buyers. Investors will be active as rents make investing an excellent return on investment in Coachella Valley. It looks like a slow improvement of the real estate market in Coachella Valley, California.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
I feel 2011 will see improvement in most real estate markets. The Coachella Valley is overdue for a market recovery.