First of all, I am not a realtor and am a private citizen anx homeowner of eight years in Twentynine Palms. We own our principal home and purchased a fixer upper a couple of years ago which is now remodeled and an income property.
Prices here in Twentynine Palms have pretty much bottomed out. A three bedroom two bath will run you anywhere from $125-$185,000 depending on square footage. A fixer will run almost half of that. There are a lot of homes on the market and many buyers are willing to deal. The resale market here isn't the best,but if you plan on only being here a few years and want to keep the home to rent out, the rental market is prime.
Appraisals are fairly low at this time and there are a lot of fixers on the market that are being purchased as investment properties and fixed up.