A real estate agent has sent out a new post card which we have been e-mailed touting the raising home prices at Palermo Palm Springs, 47 percent up, according to Matthew Reader of Paul Kaplan. His sale was a two-bedroom, one-story G Model unit, with a small pool. As we have noted before, the increasing prices in the sales of non-distressed Palermo homes has to with the overall Palm Springs market, and changes at Palermo itself, including the bank's sale of the former Enterprise developer units and vacant land to a private buyer, the HOA's bank settlement that resulted in a large transfer of money and common-area property to the HOA, increases in reserve funds and other operational changes or improvements seen at Palermo. Miss Penny Lane says: Santa baby, a Palermo condo would look wonderful under her tree.
5 comments:
More good news to end the year with!
The HOA fees not going up in 2013 helps with pricing
good news indeed.
Give thanks to the HOA for their work and doing their part so that Palermo rices are going up, with a well run community being a key.
Glad to hear this. Happy holidays to all.
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