For the first time since the housing crash began, in late 2006 and 2007, real estate trends in California are regaining some balance. At last, the sales prices of homes in the many areas of the state appear to be stabilizing. Although the million-plus real estate market in La Quinta has recently declined, there are harbingers of hope for those who have an interest in purchasing average to moderately-priced properties there.
This more favorable market began its rise in values due to the federal home buyers' tax credit program, and was further boosted with the inception of the California state tax credit. Open to first-time home buyers who want to purchase a new, never-occupied home, this incentive became effective on May 1, 2010 and is available on a first-come, first-served basis. California homebuyers who purchase a qualified residence between May 1, 2010 and January 1, 2011, as well as those who purchase between December 31, 2010 and August 1, 2011, (assuming funding is still available) will be eligible for the credit - pursuant to an enforceable contract executed on or before the end of 2010.
Other than the chance to find property at the current low prices, buyers are drawn to the area for its world-class golf and resort communities. Many people dream of buying a new home with luxury surroundings, and the La Quinta area is a great place to make it a reality. For those who find resort property outside of their price range, there are lots of other properties available, and many of the country clubs allow non-residents to partake of the amenities offered with a paid membership.