Donna’s Trilogy La Quinta Market Report: Jan-March 26, 2020
Donna Ambrose March 26, 2020
Donna Ambrose March 26, 2020
Year-Over-Year, January 1 through March 23, 2020, the real estate market in Trilogy La Quinta experienced a (+37%) increase in the Number of Homes for Sale, similar to the increases of inventory seen throughout the eight major cities of the Coachella Valley.
The Number of Homes Sold in Trilogy began the year with very strong sold and pended numbers closely mirroring the sales boom that was taking place throughout the Coachella Valley, pre-Covid. It wasn’t until March that Trilogy began to see the number of homes sold begin to slip as a result of buyers nervous about stock market losses and the unpredictability of future financial and health concerns.
Certainly, there are many factors at play that impact our residential home market, such as a strong national economy, high employment, and consumer confidence. But, dig deeper… there is more to it.
For example, market data in major employment centers like Seattle reveal that Gen X and Millennial generations are snapping up family homes, just as thousands of Baby Boomers are finally ready to retire. Thousands of Boomers had to postpone retirement due to the financial impacts of the 2007-2011 recession that added to an already low inventory of homes, in an area of high employment. This shortage of inventory continues to push housing prices higher, making it a financially lucrative time for Boomers to cash out their homes and invest those healthy gains in our Coachella Valley market.
Naturally, the Corona pandemic is going to affect our local markets in the short term. But, as I mentioned above, the fundamentals of our particular area as a desired retirement destination are strong. Little is going to change that. Also, the home inventory shortage leading to higher priced homes and quick sales, in areas of high employment and high salaries, as in Seattle and other affluent cities, will continue.
Therefore, it is my prediction that the existing pent-up demand by Boomers to retire, sell, and move will be made even more so due to the Covid-19 pandemic. Once passed, there could be an even greater desire and urgency by Boomers to move to popular retirement destinations, like the Coachella Valley.
Being stuck at home, this is the perfect time to plan and prepare your home for sale. In Trilogy especially, home buyers are picky, and look for homes first that are clean and well-maintained. It’s a good time to do those things that tend to be put off until the last minute. For example:
For more information visit HGTV’s Ultimate Guide on Setting the Stage for a Perfect Sale and my blog, 5 Home Seller Strategies for Staging Your Home Perfectly.
Trilogy La Quinta, 81578 Ulrich Drive, La Quinta, CA 92253
Sit back, relax and take in the panoramic golf course and mountain views from your custom, stone-stacked saltwater pool and spa. After a day of fun, dine and drink with friends at your own private restaurant-grade fire pit dining table.
Designed to capture the natural beauty of this breathtaking location, the property features expansive views of the 2nd fairway, a water view of the 17th green, and sweeping 180-degree views of the Chocolate and Coral mountains. High ceilings, walls of windows, and custom features make indoor/outdoor living seamless, elevating the comfort and joy of life lived alongside the desert experience.
Stay up to date on the latest real estate trends.
Donna Ambrose has joined the fastest-growing real estate brokerage in Southern California.
The home is light and bright with ten-foot ceilings and large windows overlooking the private backyard.
Our great appreciation and thank you very much for all the extra efforts you gave to complete our sale.
The homeowners of Trilogy at La Quinta voted to purchase the golf course and restaurant.
This property offers resort-style living in a beautifully landscaped tropical setting.
Quality and pride of ownership are hallmarks of this beautifully-crafted desert resort home.
For choosy buyers, the City of La Quinta ticks all of the boxes on their desert home wish list.
This Monterey Model home is waiting for your personal touch to turn it into a 4-star retreat.
A true retreat, this bright open concept home features high ceilings and golf course.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.