Canadians From Calgary Buy Palm Springs Real Estate
Canadian Oil is Fueling Palm Springs Real Estate
If you ask most U.S. residents where they’re planning on moving when they retire, a large percentage of them will respond with “California”. This state is known to attract retirees due to the beautiful weather, beautiful homes and easy living. While many Americans might set their dreams to retire in California, they aren’t the only ones! An increasing number of Canadians, especially people living in Calgary are also looking to purchase real estate in Palm Springs, California because of all that it has to offer for the golden years of retirement.
If you’re wondering how so many Canadians are affording to retire so far away, it’s because of the rising gas and oil business in Calgary. In fact, many REALTORS in Palm Springs are saying that out of all their sales, 30% were due to buyers from Calgary, which is an increase from 10% three years ago. This is a trend that is expected to grow in the future because of the increased wealth in Calgary. Many Canadians living in Palms Springs help to spread the reputation of the area by sharing rave reviews with everyone that they know! Many people who end up visiting their friends in Palm Springs who had retired there, often end up moving themselves because they enjoy the beautiful homes, the pleasant communities and the year-round warm weather.
One of my Canadian colleagues living in Calgary, Joe Samson – RE/MAX Realty Professionals, had pointed out to me a newspaper article from the Calgary Herald that recently reported that Palm Springs is a topic of main discussion for many Calgarians.
According to this report, Jon and Julie Clark from Cochrane recently purchased a property in Palm Springs, and they say they enjoy spending days and months without cold weather and snow that they were so used to. Jon also enjoys the many different golf courses, as he was an avid golfer before they purchased the property. They both agree the area is absolutely beautiful and that it’s the perfect place for retirement for them. Many more Calgarians just like this couple may be moving to California in the future, especially if they are able to experience the Palm Springs area first hand.
While market for homes in California in the past was plummeting due to the economy, things are now starting to look up. Fewer homes are being foreclosed on and short sales are not as common. REALTORS in Palm Springs have even said that their total inventory of foreclosures or short sales is less than five percent (down from almost 20% just a year ago), and she expects that number to continuously drop over the course of the coming year. Also, home prices in Palm Springs within the last year have increased by 20-30%, making the area increasingly desirable for buyers.
There in an increasing amount of people who are seeking information about real estate in Palm Springs. The increase is so intense that REALTORS in Calgary are regularly organizing events where they can openly ask and share questions about buying real estate in Palm Springs. If you are looking at speaking to someone in Calgary to gather more information about Palm Springs, feel free to contact Joe Samson, you can reach him through his website at http://www.joesamson.com. Make sure to ask him about his experience as well regarding our services. Whether you are just collecting ideas or information about Palm Springs today or perhaps you are ready to visit us, we are here to help you and offer you exceptional service. We look forward to meet with you.