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.
What a gem! One of only a handful of homes in the area that is on sewer. Move in ready with fresh paint and popcorn ceiling removed. Open floor plan with a Great Room combining the kitchen with the living & dining rooms. Gas fireplace in the Great Room. Three good sized bedrooms, with an en-suite off the Primary Bedroom. This charming home has good indoor space and plenty of mixed use outdoor area. The swing-set play area borders a fire-pit and large covered patio, off the indoor dining area & primary bedroom. The back yard features a large cement floor palapa that begs for Happy Hour, as well as a large storage shed. The main systems, large hot water tank and furnace are newer high efficiency units. That coupled with the electricity provider being Imperial Irrigation District (IID) results in lower electricity bills. Located outside the gates of Bermuda Dunes Country Club which means no HOA fees. Close to the Ralphs' and Albertsons' shopping centers at Washington St and Avenue 42, the Indian Wells Tennis Garden, site of the BNP Paribas Open Tennis Tournament, as well as many of the Coachella Valley’s golf courses, shops, restaurants, events and activities, all with easy access to the I-10.
Our local residential real estate market experts Market Watch LLC have just released their August 2021 Desert Housing Report. Some highlights:
Coachella Valley August Detached Home Median Price: The median price of a detached home in the Coachella Valley in August was $581,500 (up 17.47% from a median price of $495,000 one year ago but also down almost 3% from the detached home median price of $599,000 in June and July of this year). Market Watch expressed the opinion that the major housing metrics are beginning to return to more normal values (but at a much higher price level than in the past) and that we appear to have entered the traditional seasonal period when prices of detached homes generally begin to soften after the historically strong winter and spring period.
Coachella Valley August Attached Home Median Price: The median price for an attached home in the Coachella Valley in August was $373,500 (up 29.24% from a median price of $289,000 one year ago but down 2.54% from the attached home median price of $383,250 in July of this year). Market Watch noted that this is the first time in many years where the year-over-year gain in the attached home median price was higher than the year-over-year gain in the detached home median price. They felt that the reason was that attached homes are now filling the supply void of detached homes at lower price points. However, they also felt that as was the case with detached homes, we are now entering the traditional seasonal period where there will be some attached home median price retrenchment.
Coachella Valley August 12 Month Change in City Median Prices: Four cities experienced year-over-year increases in detached home median prices over 30% (Indian Wells, Rancho Mirage, Desert Hot Springs and Indio). Significantly, detached home median prices in all cities other than Rancho Mirage and La Quinta exceeded the previous all-time high median prices set in 2006. Three cities experienced year-over-year increases in attached home median prices over 30% (Indian Wells, La Quinta and Rancho Mirage). Attached home median prices in all Coachella Valley cities are still at or below the previous all-time high median prices set in 2006.
Monthly Home Sales (3-month moving average): This chart clearly shows that detached, attached and total home sales have been slowing over the last three months. Market Watch felt that some of this decline was seasonal in nature but that some of it also represented a slow return to a more normal market. Total monthly home sales of 976 homes in August were only 3.3% above the 945 total monthly home sales in August 2020 (which marked the start of last year’s home sales surge). Market Watch felt that this reflected the difficulty in sustaining the previous all-time high home sales volumes.
Monthly Sales (12-month moving average): The 12-month average of home sales, which takes out all seasonality, shows total sales in August averaging 1,110 units (up 43% from the August 2020 average of 771 home sales). This increase appeared to be equally distributed between detached and attached homes. Market Watch noted that these high average home sales numbers appear to be slowly decreasing and they expect average home sales to approach more normal levels over the next year.
Home Sales by City: Market Watch noted that home sales by city clearly show the overall home sales slowdown throughout the region. August average home sales increased year-over-year by 41.9% in Desert Hot Springs, 41.7% in Bermuda Dunes, 27.4% in Cathedral City & 7.3% in Palm Desert.
Home Sales by Price Range: Home sales by price range show sales of homes under $400,000 at considerably lower levels than in August 2020, due to lack of supply of houses in this price range. Average sales of homes priced between $400,000 & $500,0000 increased by 21.6% year-over-year, sales of homes priced between $500,000 & $600,000 increased by 27.7% year-over-year, sales of homes priced between $600,000 & $700,000 increased by 34.4% year-over-year and sales of homes priced between $700,00 & $800,000 increased by 24.5% year-over-year. By far the largest sales increase was in homes priced over $1,000,000 where sales increased by 49.5% year-over-year. Market Watch speculated that this may reflect the demand from higher paid work from home buyers.
Coachella Valley Housing Inventory: On September 1st, total housing inventory in the Coachella Valley was 836 homes (down 57.3% from 1,959 homes one year ago). Market Watch explained that this lack of housing inventory continues to be the overall driver of Coachella Valley housing market. Market Watch expressed their surprise that inventory levels did not begin to increase after the wide distribution of the COVID vaccine (since they had predicted the number of new listings to dramatically increase as homeowners felt safer to open their homes to strangers with the wider distribution of COVID vaccine).
Coachella Valley Months of Sales Ratio: The median value for the months of sales ratio throughout the Coachella Valley is 8/10 of a month (compared to 2.5 months one year ago). With the months of sales ratios hovering at these historically low levels for over seven months now, Market Watch felt that there is little risk to the level of home prices at this time.
Months of Sales by Price Range: Market Watch noted that historically low months of sales ratios in the Coachella Valley in August occurred in all price ranges. Months of sales ratios were especially low in the higher price brackets when compared to August 2020 levels.
Months of Sales by City: Market Watch noted that record low month of sales ratios in the Coachella Valley in August occurred in almost every Coachella Valley city, other than Cathedral City, Coachella and Desert Hot Springs. The largest year-over-year decline in months of sales ratios occurred in Palm Desert, La Quinta, Rancho Mirage and Indian Wells.
Coachella Valley Days In The Market: The median value of days in the market for the entire Coachella Valley in August declined to 25 days (from 56 days one year ago). Market Watch noted that this was another housing metric that points to a housing environment with little price risk. They felt that while home prices may stop moving much higher they shouldn’t decline (other than some very short term price softening for seasonal reasons).
Days in the Market By City: Market Watch has added these two charts to their Desert Housing Report, showing days in the market in each Coachella Valley city for both detached and attached homes. The charts rank the cities left to right by the least number of days in the market. In August, Desert Hot Springs had the lowest number of days in the market for detached homes at 14 days, followed by Palm Springs at 19 days and Cathedral City at 20 days. Desert Hot Springs also had the lowest number of days in the market for attached homes at 11 days, followed by Palm Springs at 15 days and Bermuda Dunes at 24 days.
Coachella Valley Median Price Discount: The median value for sale price discount from list for detached homes in August was again 0.0% (the same discount as it has been for the last six months). As Market Watch has explained, since so many homes are selling right at list price, the median value is exactly 0.0%. However, Market Watch noted that in looking at the average sale price discount from list for detached homes, the average price discount was a premium of 1.8%, which means the average home was selling for 1.8% above list price in August.
Coachella Valley Average Sales Price Discounts From List By City: Market Watch added these two charts to their Desert Housing Report showing the average sale price discount from list in each Coachella Valley city for both detached and attached homes. Market Watch explained that a positive value means homes are selling above list price, a negative value means homes are selling below list price. Market Watch noted that in almost every city (other than Indian Wells), detached homes sold in August above list price. Similarly, in almost every city (other than Bermuda Dunes and Indio), attached homes sold in August above list price.
Built as a forever home, this unique Thousand Palms acreage is perfect for investors looking for a short term vacation rental or wedding/event center, contractors, landscapers or other home-based business owners, horse lovers or just people wanting a very private and unique desert retreat. This custom built, highly upgraded, newer, 4 bedroom + den, 4 bathroom home sits on 2.36 acres of fenced and gated land. The grounds are home to over 100 income producing Medjool date palms, 3 horse corrals, a training ring and a horse wash station. From the grounds, you’ll be awed by the stunning views of Mt San Jacinto and both the Santa Rosa and San Bernardino Mountains. Once inside the front door, a spacious living and dining room with a high 16-18ft soaring ceiling awaits. Off of this room is the chef’s kitchen, with custom cabinetry, stone counters, stainless steel appliances, a large island with breakfast bar and very large walk-in pantry with water and an electrical outlet for a second fridge. Adjacent to the kitchen is the spacious family room with a gas fireplace. The primary bedroom suite includes a spacious en-suite bathroom and large walk-in closet. The home offers 3 additional bedrooms and 3 additional bathrooms. At the back of the house, you’ll find a wide west facing shaded patio running the entire length of the home, as well as plenty of room for a pool/spa and even a casita or other building. Features of the home include Venetian plaster walls, custom cabinetry, tile floors laid in a Versailles pattern in the main living areas, ceiling fans with lights in every room and many more amenities. The home includes an oversize three car attached garage, with plenty of space for storage. Secluded and an easy walk to the Coachella Valley Preserve and Thousand Palms Canyon, yet only three miles from Interstate 10, Costco, Agua Caliente Casino Resort Spa and the Monterey Marketplace and Desert Gateway Shopping Centers, with Walmart & Sam's Club, Home Depot, Kohl’s, PetSmart, Clark's Nutrition & Natural Food Market & many other shops and restaurants. Truly a beautiful and enchanting private desert retreat.
Features Of This Home At A Glance:
Unique Private Desert Oasis Retreat
Over 100 Income Producing Medjool Date Palms
2.36 Fenced & Gated Acres
3 Horse Corrals, Training Ring & Horse Wash Station
Custom Built 3,610 Sq Ft, 4 Bedroom + Den, 4 Bathroom Home
Soaring 16-18 Ft Ceilings In Great Room
Chisel Edge Tile Laid In A Versaille Pattern In Main Living Areas
Venetian Plaster Interior Walls
Oversized 2,500 Gallon Septic Tank System
Extra Deep 500 Ft Water Well
Home Elevated 5-6 Ft For Flash Flood Protection
Stunning Views Of Mt. San Jacinto & Both The Santa Rosa & San Bernardino Mountains
Close to the Coachella Valley Preserve and Thousand Palms Canyon
Sweeping Covered & Paved West Facing Back Patio Extending The Entire Length Of The Home
Oversized Insulated & Drywalled Triple Car Garage
Energy Efficient Tankless Hot Water Heater
Imperial Irrigation District (IID) for Reduced Power Costs
MLS# 219067314 | Listed at $1,450,000 | Details, photos, floor plan & both virtual & video tour: http://www.31453chimayord.com
Location, location, location in the Central Palm Springs area. One of just a handful of units in the Villa Alejo complex with its own large front patio overlooking the courtyard pool and spa. If these walls could talk; locals claim that this iconic community was originally built in 1966, as an overflow hotel for the adjacent historic Movie Colony area and as an alternative luxury retreat for members and friends of "The Rat Pack" and other celebrities. Rich in history and midcentury modern design, this turnkey furnished 2 bedroom 2 bathroom midcentury modern style condo features wood finish floors in the main living area, wood look plantation shutters throughout, plenty of storage space and its own interior laundry. Homeowners have access to the Community BBQ area, fitness center, sauna, laundry, secure subterranean parking with storage locker, guest parking, sparkling pool and spa and main entrance with its retro lobby and elevator. Electricity, water, trash, landscaping, central A/C and heating are all provided by the Homeowners Association and included in the monthly HOA fees. Close to the Agua Caliente Casino Palm Springs and the revitalized and internationally popular downtown Palm Springs, with its shops, restaurants, arts & entertainment venues. A true must see
Features Of This Home At A Glance:
Great Location Within Walking Distance Of Downtown Palm Springs
Located In The Central Palm Springs Area, Adjacent To The Movie Colony
Midcentury Modern Look & Feel
Turnkey Furnished With Wood Finish Floors In The Main Living Areas; Wood Look Plantation Shutters Throughout
Private Interior Laundry
Community Pool & Spa, BBQ, fitness center, sauna, laundry, secure subterranean parking with a storage locker
Electricity, Water, Trash, Landscaping & Central Air Conditioning & Heat Provided By The Community HOA
Very Close To The Agua Caliente Casino Palm Springs & many of Palm Springs' popular restaurants, shops & arts/entertainment venues
Anxious about the Delta variant? Did you know that you can still visit many museums, zoos, performing arts centers, bookstores, comedy clubs and join in book readings, discussions, tours, etc., all from the comfort of your own home. Here are just some of Eventbrite’s online culture, comedy, and fine arts events happening in September:
Fairy Tales From the "Kitchen Witch" | Tue, Sep 7 at 10:00 AM PDT | Free
Looking for some fun things to do here in the Coachella Valley in September? Look no further because thanks to our colleagues, Catherine, Kathleen and Dawn, at First America Title, here’s a list of some local events, activities and happenings in September:
Palm Springs VillageFest | Every Thursday from 7pm to 10pm | Palm Canyon Drive between Baristo & Amado Roads
Every Thursday evening in downtown Palm Springs, enjoy a diverse array of artists, artisans, entertainers, assorted fruits, vegetables, fresh flowers, jewelry, international cuisine, and don't forget the sweets. For more information: 760-320-3781 | http://villagefest.org/
Guided Nature Walks | Saturdays 7 Sundays Through Sept. 5 at 11am & 1:30pm | Palm Springs Aerial Tramway
Guided Nature Walks by Mt. San Jacinto State Park Volunteers are Saturdays and Sundays through September 5. These walks feature a choice of two easy trails–the Desert View Trail, a 11⁄2-mile route beginning at 11am and the Long Valley Nature Trail, a 3⁄4-mile loop beginning at 1:30pm. No advance registration is required and there is no charge for those with paid admission on the Tramway. For more information: 760-325-1391 | www.pstramway.com
Summer Fun at The Living Desert Zoo and Gardens | Summer Hours Of Operation Through Sept. 30 | 47900 Portola Avenue, Palm Desert
The Living Desert Zoo and Gardens will begin its summer schedule and open an hour earlier for guests to enjoy all the wildlife, gardens and special attractions. Daily hours will be 7am-1:30pm. Hours for the new Australian Adventures, Kraal, and Tennity Wildlife Hospital lobby also will be 7am-1:30pm daily. The popular giraffe feedings will be available 8am to noon and the new Desert Plant Conservation Center, an exhibit of desert plants ranging from seed to mature floras, remains open during summer hours. Animal chats including pronghorn, cheetah, hornbill, coati, camels, African wild dog, eagles, desert tortoise will return and guests are encouraged to check the daily schedule for exact times. For more information: 760-327-1304 | www.livingdesert.org
Indian Wells Certified Farmers Market | Every Thursday Through Sept. 30 from 8am to 1pm | 74895 Highway 111, Indian Wells
Every Thursday. There will be local farmers, chefs, and artisan vendors in one amazing spot for you to shop. For more information: 951-551-6233 | www.visitgreaterpalmsprings.com
Joshua Tree Night Market | Every Second Saturday Through Nov. 13 from 4pm to 10pm | 61877 Twentynine Palms Highway
Held every Second Saturday in downtown Joshua Tree, Joshua Tree Night Market is a place to hang out and share creativity with each other. Exclusive individually made items, from art to food to performances, with a few movies thrown in for warm summer, fall and spring nights. For more information: www.facebook.com/joshuatreenightmarket
Saturday Night Flight Dinner & Show | Every Saturday Night Through Nov. 27 from 5pm to 8pm | PS Air: 611 S Palm Canyon Dr. #22, Palm Springs
Palm Springs only aviation themed restaurant & bar, presents: Dinner & Show Aboard PS Air - Every Saturday Night. Great Music, Fine Food, Classy Cocktails, First Class Service. Price: $40 per person. Reservations required. For more information: 760-327-7701 | www.psairbar.com
The Rocky Horror Show | Aug. 26-Sept. 12 - See website for schedule | Desert Rose Playhouse, Palm Springs
A humorous tribute to the science fiction and horror B movies of the 1930s through to the early 1960s, the musical tells the story of a newly engaged couple getting caught in a storm and coming to the home of a mad transvestite scientist, Dr Frank-N-Furter, unveiling his new creation, a sort of Frankenstein-style monster in the form of an artificially made, fully grown, physically perfect muscle man named Rocky. For more information: 760-202-3000 | www.desertroseplayhouse.org
Perez Plaza Art and Design Art Walk | Sept. 3 (Every First Friday of the Month) from 5pm to 8pm | 68845 - 68895 Perez Road, Bldgs. H & I, Cathedral City
Nine Art Galleries and three home stores are featured in this Art Walk. Social distancing and masks are requested. For more information: 914-522-4127 | www.facebook.com/PerezArtandDesign
La Quinta 9/11 Candlelight Vigil | Sept. 11 from 7pm to 8pm | Civic Center Campus: 78495 Calle Tampico
Join your neighbors at the September 11 Candlelight Vigil to honor the victims of the World Trade Center, Pentagon, and Shanksville, PA terror attacks. This event will feature musical performances, speeches by local dignitaries, and public art composed from World Trade Center building remnants. For more information: 760-777-7093 | www.laquintaca.gov
Rotary District 5330 Golf Tournament | Sept. 11-12 | Eagle Falls Golf Course at Fantasy Springs, Indio
Enjoy a complete program of special events, 18 holes of championship golf (plus car), contests on the course, raffle prizes, goodie bag including a souvenir polo shirt and a fabulous awards banquet and prizes all for $150 per player! Benefiting our First Responders & Commemorating the 20th Anniversary of 9/11. For more information: 949-433-8612 | https://district5330.org
Jazzville Presents Stardust | Sept. 16 at 7pm | Agua Caliente Casino Palm Springs
Jump back in time with this 9-piece troupe of musicians, showgirls, comedians and burlesque artists. Vintage Vegas lounge meets Hollywood cabaret hosted by the fabulous Bobbi DeCarlo. And with a stellar band led by Mando Dorame & Jennifer Keith (Royal Crown Review), you don't want to miss a second of this one-night-only showcase review! Jazzville at the Cascade Lounge offers state-of-the-art sound and lighting with pristine acoustics, unobstructed sight lines, and plush seating. For more information: 760-992-5982 | https://www.eventbrite.com/e/stardust-where-old-hollywood-meets-vintage-vegas-tickets-160297892311?aff=ebdssbeac
El Grito: Festival De La Independence De Mexico | Sept. 17-18 - Fri at 5pm, Sat at 4pm | 46200 Harrison Place, Coachella
Two-day music festival with many well-known artists (like Snoop Dog, Ramon Ayala & Los Rieleros Del Norte) playing music honoring Mexico and its heritage. Price: Tickets Per Day: $95/$140/$175 General Admission 2 Day Pass: $150. For more information: www.coachellacrossroads.com
Valley-Wide Employment Expo | Sept. 23 from 9am to 1pm | Virtual
Riverside County Workforce Development, Riverside County Department of Social Services, CA Employment Development Department, and CA Department of Rehabilitation are looking for employers who are ready to hire for the upcoming 26th Annual Valley-Wide Employment Expo, that will be held virtually. Last year we hosted over 90 Employers/Exhibitors and thousands of job seekers. Employment opportunities ranged from entry level positions to upper management positions. For more information: 760-863-2503 | www.desertjobexpo.com
Die Sauerkrauts-Oktoberfest Party Band! | Sept. 23 at 7pm | Agua Caliente Casino Palm Springs
Jazzville celebrates Oktoberfest in style and fun! As soon as Festmeister Hans shows up, you know OKTOBERFEST is in full swing. Song! Dance! And a ridiculous sense of humor! Plus yodel star Katrin Jakob, ya! Much more than your average polka band, this group plays polkas, waltzes, dixieland, pop, swing and country/western favorites. They bring an exciting sense of youth to an older tradition of music. For more information: 760-992-5982 | www.eventbrite.com
The Dinah | Sept. 29-Oct. 4 | Hilton Palm Springs
The Dinah is the world's most celebrated queer women/lesbian/Non-binary event. The Dinah regularly features musical performances, comedy shows, pool parties, night parties, concerts, Celebrity meet and greets, Contests, DJ Battles, fun and games, and so much more. The official Dinah Shore Weekend only takes place in Palm Springs, California. For more information: 888-923-4624 | www.tixr.com/groups/thedinah
Xanadu | Sept. 30-Oct. 17 - See website for schedule | Desert Rose Playhouse, Palm Springs
The Tony Award-nominated, hilarious, roller skating, musical adventure about following your dreams despite the limitations others set for you, rolls along to the original hit score composed by pop-rock legends, Jeff Lynne and John Farrar. It follows the journey of a magical and beautiful Greek muse who descends from the heavens of Mount Olympus to Venice Beach, California in 1980 on a quest to inspire a struggling artist to achieve the greatest artistic creation of all time – the first ROLLER DISCO! For more information: 760-202-3000 | www.desertroseplayhouse.org
Events are subject to cancellation. Please confirm with event organizer.
Highly desirable private west facing rear patio with green belt, pool and mountain views. Open floor plan and vaulted ceilings in the Great Room and Primary Bedroom create a very spacious look and feel. Great separation between the two bedrooms. Light colors and décor. The west facing windows at the back of this home create a very light and bright interior. Private east and south facing kitchen and front entry patios, with more mountain views. Beautiful plantation shutters throughout. Oversized two 2 car garage with lots of storage. Turnkey furnished (with the exception of the living room) and ready to move in.
We recently had the pleasure of working with Dan and Paula to sell their beautiful Palm Desert home, located in the gated Regency Estates community. With almost 3,000 sq ft of living space on over 1/4 of an acre of land, the spacious 5 bedroom 3 bathroom offers plenty of indoor and outdoor room for family, friends and pets. The home features wood-plank type floors in the main living areas and fifth bedroom/office, newer plush carpeting in the other 4 bedrooms, newer windows, tankless hot water heater and an owned solar system. We wish Dan and Paula and the buyers, Chris and Kim, all the very best.
The Desert Sun’s Tom Coulter writes that Allegiant will begin offering seasonal nonstop flights between Palm Springs and three new locations, Indianapolis, Des Moines and Provo. The new flights to Des Moines and Indianapolis will operate on Thursdays and Sundays, starting Nov. 18. The new flights to Provo will operate on Fridays and Mondays, starting Nov. 19. Flights to Des Moines are expected to operate into March 2022, while flights to Indianapolis and Provo will be offered into April 2022.
Coachella Valley August Detached Home Median Price: The median price of a detached home in the Coachella Valley in August was $581,500 (up 17.47% from a median price of $495,000 one year ago but also down almost 3% from the detached home median price of $599,000 in June and July of this year). Market Watch expressed the opinion that the major housing metrics are beginning to return to more normal values (but at a much higher price level than in the past) and that we appear to have entered the traditional seasonal period when prices of detached homes generally begin to soften after the historically strong winter and spring period.
Coachella Valley August Attached Home Median Price: The median price for an attached home in the Coachella Valley in August was $373,500 (up 29.24% from a median price of $289,000 one year ago but down 2.54% from the attached home median price of $383,250 in July of this year). Market Watch noted that this is the first time in many years where the year-over-year gain in the attached home median price was higher than the year-over-year gain in the detached home median price. They felt that the reason was that attached homes are now filling the supply void of detached homes at lower price points. However, they also felt that as was the case with detached homes, we are now entering the traditional seasonal period where there will be some attached home median price retrenchment.
Coachella Valley Days In The Market: The median value of days in the market for the entire Coachella Valley in August declined to 25 days (from 56 days one year ago). Market Watch noted that this was another housing metric that points to a housing environment with little price risk. They felt that while home prices may stop moving much higher they shouldn’t decline (other than some very short term price softening for seasonal reasons).
