June 2015 - RBC Construction

Demand Remains High for Palm Springs Real Estate

According to a recent article in Palm Springs Life, the demand to live in Palm Springs has remained high, as La Quinta struggles with too much housing inventory.

Palm Springs is the largest city by land area in Riverside County, and was first developed in the 1930s. For the past eighty years, the town has been a destination for Holywood’s elite and second home owners throughout the United States.

Although every town in the Valley was affected during the housing crash beginning in 2008, Palm Springs remained a desirable area, but was never really overbuilt. Neighboring La Quinta, no the other hand, may have been slightly overbuilt, as there is currently an over-supply in available homes.

As the economy continues to improve, the Palm Springs lifestyle remains an attractive destination for homeowners and home buyers. For those who already live in the area and who may be looking to remodel or even build new, we invite you to contact RBC Construction to learn more about our custom home building, remodeling, and design build services. As well, if you are looking to relocate or pick up a second or third home in the Palm Springs or Palm Desert area, feel free to call to ask some pressing questions. We look forward to getting to know you!

Riverside County Housing Market Remains Strong

According to a recent LA Times article about the Southern California housing market, the number of homes for sale is up 25% compared to just one year ago. The Inland Empire, consisting of the area east of Los Angeles and including Riverside County, San Bernardino County, and portions of Eastern Los Angeles County, has seen a strengthening housing market in recent months.

The article cites an improved economy, increased consumer confidence, and potentially rising interest rates in the near future as reasons for the active Southern California market.

Some home buyers have been frustrated because homes tend to sell for at or above asking price within days or weeks of being listed on the market. This indicates that supply is not yet keeping up with demand in these areas.

“It’s like, ‘Everyone can go to Disneyland!’ But the lines are really long. So not everybody gets to ride.”

While we see some home builders building communities and single homes on spec, the market still isn’t where it was a decade ago when Riverside County custom home builders were taking large risks.

At RBC Construction, we’re happy that there is a lot of activity in our local market, but we’re not running out to build spec homes. We are focused on our specialty, which is designing and building custom homes specifically suited for homeowners who demand nothing but the best.

If you are looking to build in the Riverside County or San Bernardino County area, contact us to schedule a complimentary initial consultation and we’ll help you get started on the right foot.