[ad_1]
The year 2020 put people in motion. Many saw an opportunity to make an impact on the future from a liveable and wide open place where visionaries and innovators thrive.
Although few could imagine it, the sudden chance to flee a city and settle remotely served as a powerful catalyst. In a hot desert minute, urban offices that once meant lifelines for a paycheck have been swapped for bountiful nature and affordable properties. Hello, fabulous home office and million dollar mountain view.
Moving to a destination that feels like a vacation was an exciting lifestyle choice that many had planned to make later – or hadn’t even considered. Weekend retreats have become primary residences. Locals who had left for a job offer have returned. City dwellers eager to spend more time in Greater Palm Springs came, saw, bought dream homes for a fraction of what they could actually afford, and stayed. With routines and priorities turned upside down, our new residents adopted the ones that suited them even better.
So, you are not the only one working remotely from Heaven.
This classic escape has never been more relevant to those with flexible work options. Promising all the amenities for the modern #WFH lifestyle, it’s also a godsend compared to cities and coasts, but accessible to both.
Homebuyers have been delighted to see their real estate dollars stretch further, offering quality and style above their expectations.
In the first seven months of the pandemic, sales of single-family homes in the Coachella Valley were up 56% from the same period a year earlier. Each of our nine cities has seen sales increase year over year, as reported by year-end statistics from the California Desert Association of Realtors.
Single-family homes in luxury communities with a sale price of $ 600,000 and above were in high demand, according to real estate research firm Market Watch LLC, but condos were also booming out of the market. The real estate rush is real. Buyers from Los Angeles, Bay Area and Silicon Valley, San Diego, Orange County and the Pacific Northwest to Chicago and New York took advantage of prices well below their city native. Homes priced between $ 1 million and $ 2 million rose 62% at the end of 2020.
Inventory is valuable, but sellers who initially needed time to prepare their home are replenishing the ad pool. And renewed confidence among builders will bring energy efficient green homes to the housing market, designed with smart technology and multiple indoor-outdoor spaces for year round happiness. Favorable interest rates always signal a good time to invest in a better future.
[ad_2]
