Bennion Deville Homes: The Desert Real Estate Leader
Bennion Deville Homes finished 2021 with the #1 sales volume in the Coachella Valley again, closing the year with $3.1 billion in sales. This marks the 13th consecutive year the brokerage has led the desert real estate market since it climbed to the top of the rankings in 2009. Looking ahead to 2022, the Coachella Valley real estate market will be an intriguing watch as limited inventory levels and surging demand for homes keep a strong influence on home prices and sales activity. However, with interest rates rising it remains to be seen what impact that will have on local real estate in 2022.
Bennion Deville Homes closed out 2021 with its second consecutive record-breaking year by achieving $3.1 billion in sales volume, enjoying a nearly 3-to-1 advantage over its closest competitor and a total that almost equals that of the next 3 companies combined. Additionally, Bennion Deville Homes paced the luxury segment of the market again last year. For residential transactions with a final sale price of $1 million and up, Bennion Deville Homes finished the year with $1.15 billion in sales volume, the highest luxury sales total it has ever produced and an advantage of more than $400 million over the next brokerage.
States Bob Deville, C.E.O. of Bennion Deville Homes, “We are incredibly proud of our agents and staff for recording yet another record year in 2021 and maintaining our status as the number one real estate company in the Coachella Valley. After a record-setting year in 2020 we were uncertain if the hot market would continue, but it delivered due to limited inventory and incredible demand for our lifestyle. Thank you to our clients for your continued loyalty and trust in our ability to deliver for you through results-oriented service. We are also grateful to everyone on our team who helped us reach this incredible milestone. It is even more special knowing that we put up a new high mark the year we celebrated 20 years of serving our desert communities. Congratulations to all on a job well done in 2021, and we look forward to what 2022 has in store.”
The Coachella Valley real estate market continued its red-hot run in 2021, fueled by scarce inventory levels and high demand fed by a variety of buyer pools. Competition for homes was high across all price points, leading to record-breaking sale prices and a swift sales pace. Buyers from all over the state and key markets across North America and beyond flocked to the desert seeking reprieve in our relaxed lifestyle. Between still strong home values, a high quality of life, and the desert’s natural splendor, the Greater Palm Springs Area became a key housing market in Southern California and gained popularity as the perfect destination to call home on a full or part-time basis.
Looking ahead to 2022, the combination of extremely low inventory and ravenous demand for housing continues. As remote work is still viable, prices across coastal Southern California continue to rise, and our international part-time residents return, it’s easy to imagine demand for homes remaining strong throughout the year. However, with interest rates rising, a reduction in demand and the buyer pool is expected. This action could alleviate some of the upward pressure on prices and allow the market to head back in a normal direction by the end of the year. If you are considering the purchase or sale of a Coachella Valley property, please connect with your local Bennion Deville Homes real estate professional. We will unlock possibilities for you.
About Bennion Deville Homes
Founded in 2001 by real estate industry veterans Bob Bennion and Bob Deville, Bennion Deville Homes serves home buyers and sellers throughout Southern California in the primary markets of the Greater Palm Springs Area (Coachella Valley) and Riverside County. Coachella Valley offices include locations in Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. Bennion Deville Homes also has offices in Garner Valley in the mountains of Riverside County.
The Bennion Deville Homes LUXE Collection is an exclusive luxury home marketing program created to position premium properties in front of luxury homebuyers from around the world. The LUXE Collection and its esteemed group of LUXE Directors represent the finest luxury homes in Southern California, thanks in part to exclusive partnerships with Leading Real Estate Companies of the World® and Luxury Portfolio®. These key affiliations create a strong presence in print and online platforms to help high-end properties gain key exposure to an affluent international client base.
Visit our website, BDHomes.com, for the location of the Bennion Deville Homes office nearest you. Follow us on major social media platforms @BDHSoCal for the latest local and national real estate and lifestyle news.