Condominiums in Desert Setting Fast Sales Pace

There is evidence of renewed strength in the Coachella Valley’s condominium market, according to Laura Temple of Temple Realty, who sees similarities between the sales heyday of the 1970s and today’s market in the desert.

“It was not unusual for new projects in the desert areas to chalk up hundreds of sales at an opening,” she said. “And we’re seeing much of the same thing happening today at the Villas at Desert Falls in Palm Desert. . . .”

Since J.F. Temple Development project in opened in mid-February, 230 sales were made in two phases, she said. The 406-acre development is expected to have 1,000 units at build-out. It offers 1-, 2- and 3-bedroom fully furnished homes.