Wednesday, December 21, 2005

Real Estate News for Wednesday, December 21st, 2005

Hi everyone, I'm posting from Las Vegas right now! I've seen a lot of new housing developments on the drive over from Southern California. Here's today's real estate news.

Despite holidays, whole 'lotta' real estate shakin' goin' on. Agents make good use of so-called holiday slowdown. Wreaths and wine baskets for clients, strategic planning, new offices, real estate deals and a whole "lotta" 1031s are what a group of agents surveyed by Inman News have going on this time of year. To paraphrase Mark Twain, everyone knows the holidays are slow, but some people do something about it – or at least some real estate agents, especially the ones we talked with. Click here to read more.

Coachella Valley's median home price: $400,000. Valley's inventory rises with cost in November. The Coachella Valley's median home sales price hit a record $400,000 in November, a 23 percent increase from a year ago propelled by buyers of high-end second homes and retirement residences. But potential buyers also made their presence felt by passing over many of the homes available in the valley market. Figures released Tuesday by research firm DataQuick Information Systems showed the November count of 1,070 properties sold was down 11.5 percent from a year ago. The median price - the level at which half the homes sold for a lower price and half sold higher - is accepted as the best measuring stick to gauge home sales, experts say. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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