Nestled in the Coachella Valley - between Indio and Indian Wells - lies the La Quinta resort area. It is famous for its lush golf courses and connections to legends of the silver screen - those who regale the audience from in front of the camera as well as those behind the camera. Not surprisingly, real estate is a hot commodity. The city's year-round resident numbers have grown: in 1980 there were about 4,200 people; by 1990 the numbers had increased to 11,215; and now in 2010, that number has more than doubled once again. In spite of the surge in population growth, the amount of La Quinta real estate for sale has caught up slowly. As a result, the cost of owning a little piece of this famous Riverside County area has always been high.
La Quinta real estate values have not escaped the effects of the waning economy. In this area, homes for sale were primarily luxurious mansions on or around golf courses, or luxury condos and townhouses in gated communities. It goes without saying that not even the unrivaled mountain views could persuade cash-strapped buyers to pay significant amounts of money for homes that were similar to those for sale at lower prices in different areas of the county. Even so, the draw of the La Quinta resort area is still strong. As a result, real estate is rebounding at a rate that far surpasses other less desirable locales in and around Riverside County and the state of California.
In fact, historical lows in the mortgage market and available investor cash are making La Quinta real estate for sale an attractive proposition. Gorgeous condos that are strategically built on greenways now sell for as little as the low $200,000s. Gated community houses start in the mid $500,000s. Granted, the sky is still the limit and there are jewels in the La Quinta resort area that feature intricate designs, top-end imported masonry and easily recognizable designer names for interior décor. It stands to reason that these homes are priced out of reach for the average investor or would-be homeowner, but for the right person, they present an irresistible draw to possess a turnkey showpiece.
In addition to the lush golf courses and the lifestyle that comes with them, local real estate holds another appeal for the native Californian or out-of-state investor. Desert-dwellers know that there is no substitute for the Santa Rosa Mountains and the city that - at its highest elevation - does not reach higher than 56 feet above sea level. With the average temperatures reaching 89 degrees Fahrenheit in summer and rarely going below 58 degrees in winter, snowbirds who do not want to make the annual trek to Arizona know that the La Quinta resort area is a premier example of how wintering in the Golden State should be done.
An economy that relies heavily on the tourist trade and does not have major manufacturing to mar the beauty of the landscape is another selling point that helps the local real estate for sale move more quickly than the markets of surrounding areas. Many investors are watching to see if the resurgence in interest and activity will lead to another boom in the market in this area.
Author Resource:-
Stephen Daniels is an SEO 2.0 researcher for a variety of industries. If you're interested in La Quinta real estate, he recommends Discovery Land Properties. Specializing in luxury golf and country club properties, both buyers and sellers have benefited from their years of expertise.
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