Our posting two months ago, on May 13, noticed that more "for sale" and "foreclosure" signs were popping up in our little enclave. Several units had auction notices taped on their doors. Palermo has 117 units, with about 34 still owned by the developer and being rented. Of the remaining 83 or so, there always have been some condos on the market. Since our last posting on Palermo real estate, numerous units have been sold or are under contract. Some never even had for-sale signs put up and were sold. Here's a best guess of what's on the market based on for-sale signs in the windows or eviction/foreclosure-type notices posted on front doors.
- 210 Enterprise had a notice posted on its door. This is a two bedroom, two-floor D unit. 1,286 square feet.
- 3641 Melody Lane. Two-bedroom, two-story B-unit. Scott Lyle is the agent.
- 3671 Melody Lane. Two bedroom, two-story loft A-unit with separate pool and spa. 1,375 square feet. Listed 6/16/2010 for $210,000. (The owner of this unit, a lovely man named David, passed away).
- 248 Sandy Point has a for-sale sign. Two bedroom, two-story loft A-unit. 1,375 square feet.
- 258 Sandy Point has a for-sale sign. Two bedroom, two-story B-unit. 1,320 square feet. Listed 5/11/2010 for $199,900.
- 3587 Quiet Side. Two bedroom, single-level G-unit. 1131 square. feet
- 3617 Quiet Side. One bedroom, single-level E-unit. 831 square feet. (For sale sign taken down, may be off the market)
- 3697 Quiet Side. Two bedroom, single-level G-unit. 1131 square feet. Listed 5/4/2010 for $184,900.
- 3586 Sunburst. Two bedroom, single-level G-unit. 1131 square feet. Foreclosure. Listed 6/28/2010 for $163,200.
- 3686 Sunburst. One bedroom, single-level E-unit. 831 square feet. Listed 1/6/2010 for $187,000.
- 3563 Penny Lane. Two bedroom, two-story C-unit with spa. 1,275 square feet. Had foreclosure sign on it.
- 272 Breeze Loop. Two bedroom, two-story loft A-unit. 1,375 square feet. Foreclosure. No trespassing sign on door.
The square footage listed above is based on builder handouts. You can check out more about Palermo, like the type and number of different units and floor plans, in this site's "Basics about the Palermo Palm Springs development" page. Just click the link on the left-hand column of this page. Back in the heyday, the one-bedroom single level units were selling for more than $325,000 and the biggest two-bedroom units (the A-units with two stories and loft) were going for nearly $500,000. It's a smart time to buy into Palermo. Miss Penny Lane says once again: How eager we all are to meet the new residents who will move into these empty units and join our wonderful community of good spirits. Welcome.
10 comments:
It is a great time to buy here. I wish I could buy another one.
Maybe I'm harsh, but it's nice to have some of the units empty right now. And once they are sold they will be filled with new owners who can afford to live there and will be part of the community. It's all good.
I think a one bedroom, the smaller one, on SUnburst went for $125K in a short sale. It was a private transaction in that it never had a sign on the unit.
Does anyone know why the huge U Haul truck has been parked on the Quiet Side for a week?
I heard they plan to tow it if it's not gone soon.
I heard they towed it yesterday - that huge UHaul truck.
I think 240 Enterprise Way may come on the market. An auction notice was posted and the guys are moving out.
god.....I so want to buy another unit here.....it will be one of those things you kick yourself for later when things turn around..........
Hello. I am relocating to Palm Springs for a job opportunity. I have been looking for an apartment and fell in love with the Palmero community. I will be living by myself and my adorable cat. Please let me know if anyone is renting a 1 bedroom in this community. I look forward to be part of the Palmero community. Thank-You
Contact VIllage Property Management. Several people moved out of one bedrooms this weekend.
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