The Coachella Valley real estate market is cyclical with more homes on the market during season, which is now, than during the hot summer months. Coachella Valley consists of 9 cities:
- Palm Springs
- Palm Desert
- Rancho Mirage
- India Wells
- La Quinta
- Desert Hot Springs
- Cathedral City
During the high season months (January – March), the number of for sale homes increases as most sellers want to market their home to the seasonal vacationers, commonly known as snowbirds. Snowbirds start arriving in October with most leaving by April, with the majority here now.
You can purchase a place to live at all price levels: less than $100,000 to multi-millions! You can buy brand new homes, homes built this century or the Palm Springs mid-century modern. When my Half Moon Bay friends came to visit, they used their favorite realtor (me – Gayle Pietras) to show them homes in La Quinta. They were pleasantly surprised about the value you get here. And that is especially true when you are coming here from a hot real estate market like San Francisco. Homes in the desert tend to have great outdoor living areas and many have waterfalls, spas, pools and spools. That’s right. Spool. It is a small pool and large spa combined into one. Basically it looks like a hot tub for 20 and are popular to conserve space in desert backyards. Just remember, spools are not conducive for laps!
When I left Silicon Valley, inventory was so low, prices high and it was so competitive. Coachella Valley is a great place for investment. Many Snowbirds rent for season, and during this time, home owners get top dollar for rent. Right now, it is so hard to find a seasonal rental. With a seasonal rental, the owner would need to provide a fully furnished, fully stocked home called turnkey and many homes are sold furnished or turnkey! Some even come with golf carts.