Bill, I wish I had a crystal ball to know what is going to happen the Real Estate market. We all could make a fortune. Indian Wells Country Club has held onto its value this past year. The first link is for a CMA of Indian Wells Country Club Sales from 1/20/07 to July 18, 2007.
http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME
The information shows that the median price of homes sold was 1,648,636, $467.09 per square ft., and homes were on the market for 138 days.
The second link is for the same CMA for homes sold for this year: 1/20/08 to the present:
http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME
The values have held steady: the average price of a home sold at the Indian Wells Country Club went up $1,732,071, the price per square foot went down to $465.69, and the average time on the market was 166 days.
The information provided were for homes that were built from the year 2000 to the present. Based on the numbers, the home prices are holding just fine at the Indian Wells Country Club. If you find the home of your dreams, buy it now.
If you have any further questions, please let me know.
Have a great day!!!
- Fri Jul 18 2008, 12:46