For my initial Market Watch post, I've collected the basic numbers of pending properties in each of my 4 selected areas. If you haven't already, you may want to read my previous post, which explains why I'm interested in these areas and how I'm approaching them.
| Market | # of Pendings |
|---|---|
| Single Family Homes (Palm Springs Area) |
223 |
| Condominiums (Palm Springs Area) |
103 |
| Residential Income (Palm Springs Area) |
4 |
| Downtown Condos (San Diego) |
49 |
As the numbers show, the Residential Income (Multi-Family Home) market in the Coachella Valley has come to a dramatic halt. There are currently 233 Residential Income properties for sale in the area, with only 4 pending sales.
Two of those four properties are in Desert Hot Springs, and the other two are in Indio. All four of these were very inexpensive, older, small units ranging from 2-4 units. I suspect they may have been purchased by owner occupiers — investors are staying on the sidelines and out of the market at present.
If you're unfamiliar with the Coachella Valley, a map of the area may help.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
