Welcome to the Steve and Geri Downs Team’s June 2018 Real Estate Market Newsletter. This month, we’re bringing you the most relevant and up-to-date insights on the real estate trends shaping Rancho Mirage and the surrounding desert communities.
📊 Market Summary
June continued to show strong buyer activity throughout the Coachella Valley. With rising interest in vacation homes, retirement properties, and investment opportunities, the demand for homes in the Rancho Mirage area remained high.
Key Trends:
- Median home prices increased slightly compared to May, reflecting steady appreciation.
- Inventory levels remain low, creating a competitive market for buyers.
- Time on market for well-priced properties continues to decrease.
🔑 Buyer & Seller Takeaways
For Buyers:
- The market is competitive — be ready to move quickly when you find the right home.
- Mortgage rates are still historically low, making now a smart time to lock in financing.
- Consider exploring nearby neighborhoods for hidden gems and better value.
For Sellers:
- Limited inventory means now is a great time to list.
- Homes that are staged well and priced right are moving fast.
- We offer complimentary home evaluations and tailored marketing strategies to get your home sold.
💬 A Note from Steve & Geri
“The Coachella Valley continues to attract interest from buyers looking for a vibrant, sun-filled lifestyle. Whether you’re downsizing, relocating, or searching for the perfect vacation home, we’re here to guide you every step of the way.” – Steve and Geri Downs
📥 Past Newsletters You May Have Missed:
Each edition features:
- Local market stats
- Homebuyer/seller tips
- Featured properties
- Community news and events
📌 Get in Touch with Us
Thinking of buying or selling a home in Rancho Mirage or the surrounding area? Let our experience and market knowledge work for you.
📞 Call us today or 📧 send us a message to schedule your free consultation.