Hot Desert Real Estate Information & News

Get hot information about all the desert communities around the Palm Springs and Palm desert areas. You can get market updates of how the real estate market is fairing in all the areas plus interesting things going on.

Sept. 18, 2018

Keeping Up With The Kardashians In The Desert Could Cost You 12 Million Dollars

  

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According to the Desert Sun’s Amy DiPierro, it looks like the Kardashian-Jenner family trust may have purchased a palatial seven-bedroom property in La Quinta’s Madison Club for $12 million in early August.  This eight-figure sale would likely be the most expensive single-family home to trade in the Coachella Valley since November 2016, when the iconic Bob Hope estate in Palm Springs sold for $13 million. Online property listings show the La Quinta property boasts 14,500 square feet under roof (i.e., interior space and covered patios) and approximately 11,000 square feet under air (i.e., interior living space) containing 7 bedroom suites (including 3 master suites) and 10 bathrooms. The home features massive water walls, a 100 foot all-side infinity pool that spills perfectly into the uninterrupted breathtaking views with no other home in sight, 3 oversized fire pits, 4 enormous masonry fireplaces, a state-of the art sound system and much more. The property appears to be a spec home built by developer Gala Asher and was listed for sale of June of this year for 15 million dollars. The Desert Sun could not confirm which member or members of the Kardashian family are the new owners of the 11,000-square-foot home. But business and real estate records show the homebuyer, The Lou Ethel Wyatt Family Trust, has a documented tie to family matriarch Kris Jenner. Additionally, the entity’s trustee is Lester Knispel, a Kardashian business manager based at Boulevard Management in Woodland Hills. Website Cactushugs.com published a link to a Zillow listing that it claims to be the home purchased by the Kardashians and some of the pictures are included in this post.

To read Amy DiPierro’s original article, courtesy of The Desert Sun, please visit: https://www.desertsun.com/story/news/2018/09/17/kardashian-jenner-family-trust-buys-mansion-palm-springs-la-quinta/1306050002/  

Listing Courtesy of Coldwell Banker Residential Brokerage/Ginger Glass/Beverly Hills, CA

  

 

Sept. 18, 2018

Just Sold: Palm Desert Resort Country Club Golf Course Condo

We recently helped our client, Karen, sell this very stylish Palm Desert Country Club Golf Course Condo. Located on the 13th Fairway of the Palm Desert Resort CC Golf Course, this condo features beautiful golf course and Chocolate Mountain views, 1,177 sq ft of living space with 2 bedrooms and 2 bathrooms, an open floor plan, vaulted ceilings with newer ceiling fans throughout, newer stainless steel kitchen appliances, newer tile floors throughout and an extended, tiled rear patio. Wishing Karen, the Buyer, Norman, and his agent, Cindy, all the best.

Posted in Our Listings
Sept. 16, 2018

Concerts in the Park Return To The Palm Desert Civic Center Park in October

 

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Get ready for four weeks of free concerts and good times on the lawn of the Palm Desert Civic Center Park Amphitheater on Thursday evenings in October. Since 1994, Palm Desert’s popular Concerts in the Park, held every Thursday evening in May and October have been a gathering spot for residents and visitors alike. This year will feature bands from Canada, Boston and Austin. Here' the line-up:

 

October 4: Santanaways (Santana Tribute Band)

 

 

October 11: The Dreamboats (Vintage Rock 'n Rollers)

 

 

October 18: Twisted Pine (Folk/Alternative Indie String Band)

 

 

October 25: Hot Club of Cowtown (Hot Jazz/Western Swing Band)

Each concert begins at 6pm. Music lovers are encouraged to bring a blanket or a chair with them in order to sit back, relax and enjoy live music under the stars. Food trucks are on hand to offer up mobile culinary creations, or concertgoers can bring a picnic along to enjoy with the show. Alcoholic beverages and smoking are prohibited in the park. 

Civic Center Park is located at the northeast corner of Fred Waring Drive and San Pablo Avenue. For additional information about the Concerts in the Park series, please call 760-346-0611, ext. 425. 

Sept. 14, 2018

Open House: Beautiful Tuscan Style Santo Tomas Home With Extra Large Lot & Lagoon-Like Pool/Spa On Sat Sept 15, 2018

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Open House: Beautiful Tuscan Style Santo Tomas Home With Extra Large Lot & Lagoon-Like Pool/Spa – Sat Sept 15, 2018

When: Sat Sept 15 from Noon to 2PM

Where: 85 Via Santo Tomas Rancho Mirage (Santo Tomas)

Experience the joys of desert living in this beautiful Tuscan style home, located in the highly desirable, gated Santo Tomas community in Rancho Mirage. This freshly painted 2,307 sq ft home features tile floors throughout,  a large great room with fireplace, a separate living and dining room with beamed ceiling, a gourmet kitchen with island, granite counters and dual-ovens (one of which is a trivection oven) and 3 bedrooms each with its own ensuite bathroom. Outside, the large 12,196 sq ft lot includes a west facing side and back yard with lush park like grounds, a stunning large lagoon-like pebble-tec pool and spa, firepit, covered patio and koi pond. The home includes an owned solar system that generates enough electricity to cover almost all of the home’s annual consumption. Santo Tomas is a private gated community of 152 homes with a nine-acre recreational lake, five parks with waterfalls and boat launch. Santo Tomas HOA dues include a social, fitness and tennis membership to Mission Hills Country Club.

MLS# 218022984 | Listed at $625,000 | For more details, photos and a 3D Virtual Tour, please visit: http:www.85ViaSantoTomas.com

Posted in Our Listings
Sept. 13, 2018

Just Sold: Rancho Mirage Tamarisk Area Updated Pool Home

We recently helped our client, Don, sell this lovely Rancho Mirage home as the executor of the estate of the former owner. This condo is located in the desirable Tamarisk area in Ranch Mirage. This home features 2,537 sq ft of living space with 4 bedrooms and 3 bathroom, an open floor plan, vaulted  ceilings, master bedroom retreat with large spa-style bathroom and very large private backyard with oversized pool and spa. Wishing the best to all of the involved parties. 

Posted in Our Listings
Sept. 12, 2018

Four Seller Slip-Ups That Can Cause Your Home To Linger On The Market

The California Assocation of Realtors® and realtor.com  have identified these four mistakes that many sellers make when selling their homes:

·         Your Home has An Odor: Believe your Realtor® if they say there is a smell, whether caused by smoke, lack of cleanliness or pets, that needs to be removed;

·         Your Home Is Too Personal: Realtors® suggest both decluttering and making your home as neutral as possible;

·         You Turn Down Showings: Be as flexible as possible for showings and work with your Realtor®, because Buyers aren’t going to make an offer if they can’t get in to see your home: and

·         You Hang Out During Open Houses: Buyers want to tour your home, open closets and drawers, speak freely with their Realtor® and generally imagine themselves in your home and not feel that they are going to be confronted by the Seller.

Posted in Our Listings
Sept. 10, 2018

August 2018 Coachella Valley Real Estate Market Update

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Local real estate market experts, Market Watch LLC, have just released their August 2018 Desert Housing Report. Some of the highlights are:

The Coachella Valley detached home median price in August was $390,000, up 6.8% from August 2017’s detached home median price of $365,000. Market Watch pointed out that this chart shows that small median price declines from June through October for detached homes are a somewhat normal occurrence in the Coachella Valley housing market.

The Coachella Valley attached home median price in August was $265,000, up 8.2% from August 2017’s attached home median price of $244,925.

Five cities (Indian Wells, Desert Hot Springs, Palm Desert, Rancho Mirage and Cathedral City) had twelve-month, double digit gains in their detached home median prices in August. These gains range from 36.5% in Indian Wells to 10% in Cathedral City. Five cities (La Quinta, Rancho Mirage, Desert Hot Springs, Coachella and Palm Desert) still show detached home median prices at least 20% below their 2006 high prices.

Four cities (Rancho Mirage, Indio, Desert Hot Springs and Palm Desert) had twelve-month, double digit gains in their attached home median prices in August. These gains range from 29.8% in Rancho Mirage to 12.8% in Palm Desert. Five cities (Desert Hot Springs, Cathedral City, La Quinta, Palm Desert and Palm Springs) still show attached home median prices at least 30% below their 2006 high prices.

The twelve-month average of sales, which Market Watch states takes out the seasonal pattern and shows the long-term trend, continues to show higher numbers (with total sales of 849 units this August compared to 813 total units sold in August 2017). Detached home sales were 2.6% higher in August than a year ago while attached home sales were 7.8% higher than a year ago.

In looking at Home Sales by City, five cities (Indio, La Quinta, Palm Springs, Rancho Mirage and Bermuda Dunes) showed lower three-month sales. Sales in Bermuda Dunes went from 17 units a month down to 13 units, while Rancho Mirage went from 82 units to 75 units. La Quinta likewise went from 124 units down to 116. Sales were up in Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Palm Desert and Thousand Palms. Desert Hot Springs led the pack with a sales increase to 53 units from 44 in August 2017.

In looking at Home Sales by Price Range, Market Watch noted that while sales of homes priced below $300k are down 13%, sales of homes price over $300k are up 8.4%. This shift is due primarily to the increase in regional home prices over the last year; there are simply fewer homes being offered below $300k.

Coachella Valley housing inventory on September 1st stood at 2,664 units versus 3,182 units on September 1st, 2017. Market Watch noted that this inventory number is the lowest since September 2013. Market Watch stated that if history is a guide, seasonal forces should now push inventory higher as September 1st has been the lowest inventory month for the last six years.

At 3.1 months, the months of supply ratio is at its lowest level in six years. Market Watch indicated that this decline in the months of supply is due to higher sales and consistently declining inventory. They went on to state that (i) this combination has maintained the balance of supply and demand distinctly to the benefit of the seller, and (ii) the Coachella valley has been in a sellers’ market for over a year and that seems to be intensifying.

A lower months of supply ratio by price range is found in almost all price brackets but especially in the three price ranges above $800k. In the $800k to $900k price range, Market Watch commented on the drop in months of supply from 8.1 months last year down to 4.7 months on September 1st. In the $900k to $1M price range, Market Watch observed a decline in months of supply from 10.9 months to just six months. Above $1M, Market Watch observed a decline in months of supply from 11 months down to 8.1 months.

The months of supply ratio for each city shows a general decline, except in the case of Coachella,Indio and Thousand Palms. The cities with the largest declines in their month of supply ratios are Bermuda Dunes, Desert Hot Springs, Palm Desert, Indian Wells and Rancho Mirage.

The information contained in the Desert Housing Report is produced for Coachella Valley real estate agents through the sponsorship and cooperation of the California Desert Association of Realtors®(CDAR) and the Palm Springs Regional Association of Realtors® (PSRAR) by Market Watch LLC.

Posted in Market Updates
Sept. 8, 2018

September 2018 Edition Of The Guide Magazine Now Available

 

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If you’re looking for some fun things to do or fun places to visit around the Coachella Valley in September, then check out the September 2018 edition of The Guide Magazine. This edition of The Guide takes a look at the Coachella Valley’s nine resort cities and highlights some of the more interesting places, events and attractions in each one. Some of the sections in this edition of the Guide include:

  • Signature Events: A listing of some of the Coachella Valley’s big upcoming events through the rest of 2018 and into 2019.
  • Weekender: A list of some top experiences, must-trys and happening places in and around the Coachella Valley, such as the Bump and Grind, Lake Cahuilla Recreation Area, Ladder Canyon and the Coachella Valley Preserve.
  • Palm Springs: The city continues to live up to its legacy as America’s playground for the hip and cool, with places like the Ace Hotel & Swim Club, Kimpton Rowan Hotel, Riviera Hotel, Michael Holmes’ Purple Room Supper Club and much more.
  • Desert Hot Springs: This city may be best known for its natural hot springs and the many spas and resorts enticing visitors with the hot springs’ curative powers, such as The Spring Resort & Spa, Two Bunch Palms, Miracle Springs Resort & Spa and Cabot’s Pueblo Museum.
  • Cathedral City: A multifaceted destination with a focus on community and an ever-swelling public arts scene represented by such places as At Hôm, Hedge and the Agnes Pelton Society and House.
  • Rancho Mirage: This city is often called “The Playground Of Presidents”  and hosts such resorts and spas as the Agua Caliente Casino Resort Spa, Omni Rancho Las Palmas Resort & Spa, The Ritz Carlton, Rancho Mirage and Westin Mission Hills Resort & Spa among others.
  • Palm Desert: With Palm Desert’s parks, mountain hiking trails, golf courses, zoo and high-end retail, there’s always something to do and see there, like the JW Marriott Desert Springs Resort & Spa, Hotel Paseo, El Paseo, the Street Fair At College of the Desert and The Living Desert.
  • Indian Wells: Its mission is to create an unsurpassed quality of life, evidenced by resorts and spas like the Miramonte Indian Wells Resort & Spa, Renaissance Indian Wells Resort & Spa, Indian Wells Resort Hotel and Hyatt Regency Indian Wells Resort & Spa. A can’t miss place and event; the Indian Wells Tennis Garden with it’s BNP Paribas Open Tennis Tournament (dubbed tennis’ fifth Grand Slam) in March each year.
  • La Quinta: Named after the iconic La Quinta Hotel (now the La Quinta Resort & Club), La Quinta is home to 25 golf courses, including the 6 golf courses at the Club at PGA West and Silverrock Resort, and many special places, like Old Town La Quinta.
  • Indio: Known as the City of Festivals, Indio is home to the Coachella Valley Music & Arts Festival, Stagecoach Festival, International Tamale Festival and Riverside County Fair & National Date Festival. It is also home to the Coachella Valley’s two polo clubs, Empire Polo Club and Eldorado Polo Club.
  • Coachella: Epicenter of Mexican culture and heritage in the Coachella Valley, Coachella is home to the internationally famous Coachella Walls murals and the annual El Grito Fiestas Patrias and Día de los Muertos Festivals.
  • There’s also a Dining section that highlights some of the Coachella Valley’s better restaurants and bars and a Concierge section highlighting many of the Coachella Valley’s merchants, restaurants and service providers.

The Guide is published by Palm Springs Life Magazine and is available free of charge both in print at select locations across the Coachella Valley and online at https://digital-palmspringslife.com/guide/2018-september/

Sept. 7, 2018

This Weekend (Sept 7-9) In The Desert

 

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The Greater Palm Springs Convention & Visitors Bureau has put together a list of some events across the Coachella Valley this weekend:

Buddy Holly Tribute by Southbound & Company

  • September 7, 2018 - 8:00 PM
  • Purple Room Supper Club, 1900 E Palm Canyon Drive, Palm Springs, CA 92264
  • $25, $30
  • Phone: 800.838.3006

CVRep Presents Tim Connell - It's the Irish in Me!

  • September 7, 2018 - September 9, 2018 - 7:00 PM to 8:30 PM
  • Coachella Valley Repertory, 69930 Highway 111 Suite 116, Rancho Mirage, CA 92270
  • $30
  • Phone: 760.296.2966

Safari Nights

  • Every Fri & Sat - September 7, 2018 - September 28, 2018 - 7:00 PM to 9:30 PM
  • The Living Desert, 47900 Portola Avenue, Palm Desert, CA 92260
  • $12 for members, $14 adults and $8 children ages 3-12. Children under 3 are free.
  • Phone: 760.346.5694

Free Lecture: Endangered Species Are Closer Than You Think | Presented By: Friends of the Desert Mountains

  • September 8, 2018 - 10:00 AM to 11:00 AM
  • Santa Rosa & San Jacinto Mountains National Monument, 51500 Highway 74, Palm Desert, CA 92260
  • Free
  • Phone: 760.862.9984

Martina McBride

  • September 8, 2018 - 8:00 PM
  • Fantasy Springs Resort Casino, 84245 Indio Springs Parkway, Indio, CA 92203
  • $79, $59, $39
  • Phone: 800.827.2946

Nicky as Carol Channing

  • September 8, 2018 - September 9, 2018 - 2 PM - 3:30 PM
  • Desert Rose Playhouse, 69620 Highway 111, Rancho Mirage, CA 92270
  • $25
  • Phone: 760.202.3000

Tribute to Whitney Houston: The Greatest Love of All Starring Belinda Davids

  • September 8, 2018 - 8:00 PM
  • Agua Caliente Casino Resort Spa, 32250 Bob Hope Drive, Rancho Mirage, CA 92270
  • $20, $30, $35
  • Phone: 888.999.1995

 The Universe Hangs on Sound | Presented By: The Harrison House Music, Arts and Ecology

  • September 9, 2018 - 6:00 PM to 8:00 PM
  • The Harrison House, 6881 Mount Lassen Avenue, Joshua Tree, CA 92252
  • $20
  • Phone: 760.366.4712

Vicki Knight Stars in Simply September | Presented By: Sundays in Summer Cabaret Series

  • September 9, 2018 - Doors open at 1 PM Show 2 PM to 3 PM
  • Arthur Newman Theatre at The Joslyn Center, 73750 Catalina Way, Palm Desert, CA 92260
  • $15 cash only at the door
  • Phone: 760.325.2731

To see the original listing of events, courtesy of the Greater Palm Springs Convention & Visitors Bureau, please visit: https://www.visitgreaterpalmsprings.com/play/things-to-do/

Sept. 6, 2018

Please Join Us at Our Open House This Weekend – Stunning, Newer Palm Desert Villa Portofino Home

Open House This Weekend

When: Saturday, Sept 8 from 10 to Noon

Where: 3950 Via Amalfi, Palm Desert (Villa Portofino) in central Palm Desert

(Please click on the image above to view our short YouTube video)

Couldn’t make our Open House on Thursday?  Well, no worries because here’s a second chance to see this beautiful newer Villa Portofino detached house. Over $60,000 in after-sale upgrades! Fall in love with this luxurious home that combines a boutique hotel look with a warm home feel. The moment you walk in the front door you will immediately notice the open concept design and designer chosen upgrades, including custom paint, millwork, quality window coverings throughout the home, stone counters in the kitchen, laundry and bathrooms, stainless steel kitchen appliances and espresso color shaker cabinets throughout. The home is currently configured with 2 bedrooms and a den but can easily be converted into a 3 bedroom home. Sophisticated and tasteful, with Southwestern views and two covered patios areas. This home also features a built-in solar system to reduce electricity costs and a tankless hot water heater!

This lovely home is located behind the gates of Villa Portofino, an active adult (55+) community with a distinctly Italian flair. Villa Portofino is located in central Palm Desert, close to the area’s many restaurants, lounges, shops, theaters, parks, hiking trails, golf courses and casinos. Monthly HOA dues include landscaping of home, trash collection, cable TV and internet, full use of the 30,000 Sq Ft Clubhouse, including the bistro, movie theater with complimentary movies, pool and spa, billiards room, bar, library, concierge and gym with regularly scheduled exercise classes.

Features Of This Home At A Glance:

  • Newer Home - Built In 2017
  • Over $60,000 In After Sale Upgrades
  • Combines A Boutique Hotel Look With A Warm Home Feel
  • Kitchen Features, Espresso Color Shaker-Style Cabinets, Stone Counters & Stainless Steel Appliances
  • Plank Look Tile Floors In Main Living Areas; Carpet In Bedrooms
  • Two Outdoor Covered Patios With Santa Rosa Mountains View
  • Built-in Solar System & Tankless Hot Water Heater
  • Luxurious 30,000 Sq Ft Clubhouse With Pool/Spa, Gym, Bistro, Movie Theater, Billiards Room & More 

MLS# 218021572| Listed At $475,000 | For more information, pictures and a 3D Virtual Tour, please visit: http://www.3950ViaAmalfi.com

Posted in Our Listings