Palm Desert real estate, representative of the larger Coachella Valley area, seems to be stabilizing during the first quarter of the fiscal year, according to a March 29, 2010 article in the Desert Sun. This piece found that “The Coachella Valley’s real estate market remained in a ‘stabilizing’ pattern in February with a 14.8 percent jump in prices, while sales rose just .06 percent over February 2009, the California Desert Association of Realtors reported today.” According to Greg Berkemer, the executive directors of the California Desert Association of Realtors, “The desert appears to remain in a stability phase which should remain in place until there is either a change in the market dynamic either some outside force or event and/or buyers’ and sellers’ confidence in the future becomes more evident. Although prices remained flat in February compared to January, sales did move up some by 5.6 percent.”

Palm Desert homes for sale, along with the rest of California’s real estate market, managed to boost a nation-wide measure of real estate health. According to a March 31, 2010 article in the Desert Sun, “A national index of home prices rose unexpectedly in January, with California cities posting strong gains, but some experts warned that the nation’s struggling housing market could be headed for another dip. The closely watched Standard & Poor’s/Case-Shiller index of 20 metropolitan areas rose 0.3 percent from December on a seasonally adjusted basis.” The article continued to note that “That marked eight consecutive months of home values improving or at least holding steady. That rise is good news for people who plan to sell their homes this spring.”

Home sales were one especially positive piece of news for Palm Desert real estate for sale, according to a March 18, 2010 article by John Hussar in the Desert Sun. This article observed that “The Coachella Valley’s ‘season’ of postcard-perfect weather and tourism helped propel a jump in existing home sales 10.5 percent in January while prices rose 17.4 percent over January 2009, the California Desert Association of Realtors reported today…The median price of an existing home in the Coachella Valley was $179,760 in January, up 4.3 percent from December and 17.4 percent from January 2009.”

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