Decades of following the trend of home buyers have taken a turn for a new discovery. While 72% of survey takers had never lived in a master-planned community in the past, their sights are turning toward buying a home in this type of environment within the next 24 months. This turn-around in the housing market is key in providing real estate developers and investors with critical information needed to make future investment choices.
The survey was conducted by PrivateCommunities.com from data collected during July 2 through July 16, 2014, and was gathered from volunteer visitors. Private Communities is a website designed to provide the latest buyer and shopper behavior studies for real estate professionals to compare. Real estate and land law attorneys in Palm Springs are also known to use this site as a way of preparing for their services.
Indications of the Survey
76% of all survey recipients indicated that a purchase would be likely within the next 2 years, with 41% showing a planned buy within the next year. What was also surprising was the fact that 65% of those responding were in the market for a home priced at $250,00 and higher.
Indicators provided by this survey are a welcome surprise to the real estate industry in Palm Springs. 20% of those surveyed had never visited a master planned community but shows how the need for improved housing with amenities and security is on the rise. Secondly, hiring a Palm Springs real estate attorney is a must in making a life-changing step. News like this can help attorneys plan for collecting data in new areas of Palm Springs and be ready to accept the challenge.