Coachella Valley, Palm Springs, Desert Hot Springs, Palm Desert, Rancho Mirage, La Quinta, and Indio, California
Seven properties went into escrow in October.
Breakdown was:
4 units Palm Desert Short Sale *
5 units Palm Desert Regular Sale
2 units Palm Springs REO
2 units Cathedral City REO
2 units Cathedral City REO
4 units Desert Hot Springs REO (major fixer)
2 units Desert Hot Springs REO
The REO market now dominates multi-family sales. There are fewer in number since most purchases of multi-family were made with at least 20% down payment. The only exceptions are the ones that were purchased as owner occupied.
Six of the properties were built in built prior to 1989. One was a duplex built in 2005.
Market times for all properties were sixty (60) days or greater.
*Short sale is where the lender agrees to accept less than what they are owed.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
