Coachella Valley FAST FACTS:
- The number of resale home transactions in the Coachella Valley in 2010 was greater than the number of resale home transactions at the peak of the market in 2004. At one time in 2010, the Coachella Valley represented almost 20% of all building permit activity throughout the Inland Empire.
- A public homebuilder recently purchased 49 more single family lots within the “Gallery” development located in North Palm Desert due to the community’s growing home sales.
- In the last week, Land Advisors closed two deals in the Coachella Valley, zoned for either commercial or multi-family use.
Stone James (760) 219-7227, Land Advisors’ Marketing Consultant covering the Coachella Valley sub-market, is seeing a substantial increase in land market activity in 2011, compared with the second half of 2010. Investors are realizing that while values within the Valley are at their lowest point in close to a decade, end user demand is making a comeback!
Stone is currently marketing three unique land projects in the Coachella Valley in varying stages of development. You can read more about these featured listings in the California Division’s Quarterly Newsletter.