Desert Hot Springs has been one of the hardest hit areas in the Coachella Valley. There were too many new homes built in the area. There are also many homes built that were too far out to attract buyers.
| Foreclosures | NOD's * | Inventory ** Single Family |
Condos | |
|---|---|---|---|---|
| Zip Code 92240 |
292 | 415 | 172 | 3 |
| Zip Code 92241 |
24 | 29 | 26 | 10 |
Since March of 2009, foreclosed properties decreased by 84 homes or 20%.
Foreclosure Notices increased by 198 homes or 180%!!!
Available inventory (homes for sale) decreased by 46%!!
The observations represented are my opinions only, based on experience and working in the desert area for many years.
Foreclosure stats have been obtained from www.foreclosure.com.
Inventory stats are from the Desert Area MLS.
* Notice of Default filed.
** Inventory is defined as properties currently listed for sale in the local multiple listing service. A large number of these properties are foreclosure properties, also known as Bank REO.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
