Purchases of De Luz & La Cresta, Ca Luxury Homes On The Rise
“There is an end to every real estate market, whether it is a Buyer’s or Seller’s market,” quotes Scott Partridge of RE/MAX Elite Team in Temecula, Ca.
Southwest Riverside County’s (Murrieta/Temecula) luxury estate market is seeing a swarm of buyers from across the globe entering into the area grabbing what is available in the high-end homes. This area was one of the hardest hit in the recession and now is one of the fastest growing real estate markets in the nation.
Scott states, "95% of the buyers are not from around here and many are from outside of California and the U.S. The majority of them are cash buyers, or are placing a large amount down as their money is not making them anything sitting in the bank right now. I see and have clients purchasing these as a second or a vacation home, and some corporations are buying them as retreats.”
With multi-million dollar homes starting in the low to mid $400K range, many will be bought up before the clients have time to get here and see them. “There is an art to getting your hands on one of these homes,” says Scott. "The first thing one has to do is to stop listening to what homes are selling for somewhere else, as this area is completely different than any other area in the U.S. and it is how your offer is presented, as you may not get a second chance to counter.”
Scott can be seen daily in all the estate areas unlocking doors and coaching his clients on how to write their offer. He can be reached either by phone 951-757-2148 or email Homes@ScottPartridge.com
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