Our local real estate market experts, Market Watch LLC, have just released their Desert Housing Report for September 2024. Some highlights:

SEPTEMBER COACHELLA VALLEY SALES RECOVERY FROM PRE-PANDEMIC NORM: In September, home sales in the Coachella Valley averaged 33.5% below pre-pandemic September norm (where the norm was calculated from Coachella September home sales over the years 2016, 2017, 2018 and 2019). Market Watch noted that the Coachella Valley’s sales recovery was approaching its lowest level, indicating that home sales hadn’t increased in September, even with lower mortgage rates.

SEPTEMBER COACHELLA VALLEY DETACHED HOME MEDIAN PRICE: In September, the median price of a detached home in the Coachella Valley declined again for the fifth consecutive month to $640,000 (up $3,750 or 0.59% from $636,250 in September 2023). Market Watch noted that the detached home median price in the Coachella Valley typically reaches its seasonal low between September and December. With both low inventory and very low home sales, Market Watch felt that home supply and demand in the Coachella Valley would remain relatively balanced.

SEPTEMBER COACHELA VALLEY ATTACHED HOME MEDIAN PRICE: In September, the median price of an attached home in the Coachella Valley was $436,500 (up $1,500 or 0.34% from $435,000 in September 2023). Market Watch noted that attached home median prices seemed to be following their normal seasonal pattern, which should result in the attached home median price reaching its seasonal low between now and the end of the year.

SEPTEMBER COACHELLA VALLEY TWELVE MONTH CHANGE IN THE PRICE OF THE AVERAGE SIZE HOME BY CITY: In September, year-over-year changes in the average prices for detached homes in the Coachella Valley ranged from an increase of +25.6% for the average size 3,450 sq ft detached home in Indian Wells to a decrease of -9.1% for the average size 2,173 sq ft detached home in Palm Springs. In September, year-over-year changes in the average prices for attached homes in the Coachella Valley ranged from an increase of +13.8% for the average size 1,450 sq ft attached home in Bermuda Dunes to a decrease of -10.9% for the average size 750 sq ft attached home in Desert Hot Springs.

SEPTEMBER COACHELLA VALLEY MONTHLY HOME SALES – THREE MONTH AVERAGE: In September in the Coachella Valley, home sales averaged 496 home sales per month (down 59 homes or 10.6% from 555 home sales in September 2023). Market Watch noted that because of the seasonality in Coachella Valley home sales, it was difficult to determine where sales stood on a historical basis. The added that the Sales Recovery data showed that Coachella Valley home sales were below pre-pandemic norms by 33.5%.

SEPTEMBER COACHELLA VALLEY MONTHLY HOME SALES – TWELVE MONTH AVERAGE: In September in the Coachella Valley, the 12-month average of monthly home sales (which removes seasonality from the data) was 600 home sales per month. Market Watch noted that this long-term home sales average was about the same as last year and has been hovering at roughly 600 home sales per month now for over a year. Further, they noted that while the Federal Reserve Board has finally begun to lower short term interest rates, this hasn’t done much to lower longer term fixed mortgage rates.SEPTEMBER COACHELLA VALLEY MONTHLY HOME SALES BY CITY: Market Watch noted that monthly home sales were lower in most Coachella Valley cities than they were in September 2023. Palm Desert had the highest monthly home sales at 104 (compared with 107 home sales in September 2023), followed by Palm Springs with 92 monthly home sales (compared with 109 monthly home sales in September 2023). Only one city, La Quinta, with average monthly home sales of 70 in September, was higher than last year (compared with 67 monthly home sales in September 2023). 

SEPTEMBER COACHELLA VALLEY HOME SALES BY PRICE RANGE: Monthly home sales were the same or decreased in almost all price ranges across the Coachella Valley in September. The largest overall sales decline appeared to be sales of homes in two price brackets: (i) homes priced between $400K and $499K, with sales of 82 homes (down 19 homes or 18.8% from 101 homes in September 2023), and (ii) homes priced between $1M and $1.999M with sales of 67 homes (down 12 homes or 15.2% from 79 homes in September 2023).

SEPTEMBER COACHELLA VALLEY MONTHLY HOME SALES IN DOLLARS: In September, total home sales in the Coachella Valley were $373M (down $56M or 13.1% from sales of $429M in September 2023).

SEPTEMBER COACHELLA VALLEY HOME SALES IN DOLLARS BY CITY: In September, monthly home sales in dollars appeared to be comparable to September 2023 home sales in every city except La Quinta and Palm Springs. In La Quinta, September home sales were $72 M (down $8M or 10% from sales of $80M in September 2023). In Palm Springs, September home sales were $68M (down $21M or 23.6% from sales of $89M in September 2023).

SEPTEMBER COACHELLA VALLEY HOME SALES IN DOLLARS BY PRICE RANGE: In September, for homes priced between $1M and $1.999M September home sales were $90M (down $18M or 16.7% from sales of $108M in September 2023). For homes priced at or above $2M, September home sales were $61M (down $13M or 17.6% from sales of $74M in September 2023).

OCTOBER 1ST COACHELLA VALLEY HOME INVENTORY: On October 1st, the Coachella Valley home inventory was 2,421 homes (up 619 homes or 34.4% from 1,802 homes on October 1st, 2023). Market Watch stated that the usual seasonal pattern suggested that home inventory would begin an increase that would continue through February. While inventory had gradually improved, Market Watch felt that the current home inventory level continued to be about 1,000 units under what was normal at this time of year before the pandemic.

OCTOBER 1ST COACHELLA VALLEY HOME INVENTORY BY CITY: The highest home inventory level was in Palm Springs with 552 homes on October 1st (up 120 homes or 27.8% from 432 homes on October 1st, 2023). The lowest home inventory level was in Coachella with 25 homes (the same as on October 1st, 2023). Market Watch noted that this data could help agents know what cities have homeowners with the greatest selling interest and how it compares to last year.

 OCTOBER 1ST COACHELLA VALLEY HOME INVENTORY BY PRICE RANGE:The highest home inventory level on October 1st was 411 homes for homes priced between $1M and $1.999M (up 71 homes or 20.9% from 340 homes on October 1st, 2023). The second highest home inventory level was 377 homes for homes priced between $500K and $599K (up 112 homes or 42.3% from 265 homes on October 1st, 2023). Market Watch commented that this data helps locate what price ranges might be responsible for the growth or contraction of home inventory.

OCTOBER 1ST COACHELLA VALLEY MONTHS OF SALES RATIO: On October 1st, the Coachella Valley’s months of sales ratio was 4.0 months (up from 3.0 months on October 1st, 2023). Market Watch commented that the months of sales ratio, which measures supply and demand, was now back to pre-pandemic levels. Further, they noted that even though inventory was still relatively low, the low sales numbers had kept supply and demand relatively balanced, leading to stable home prices over the last twelve months.

OCTOBER 1st COACHELLA VALLEY MONTHS OF SALES RATIO BY CITY: Market Watch noted consistent months of sales ratios between 4.0 and 5.0 months in most of the Coachella Valley’s nine cities on October 1st. The months of sales ratio in Indian Wells on October 1st was the highest at 6.4 months followed by Palm Springs at 6.0 months. Market Watch explained that since months of sales is really the supply-demand equation for housing, it showed that the Coachella Valley housing market remained balanced on October 1st. They further noted that if the months of sales ratios were to increase by one or two months, the market would begin to favor buyers over sellers.

OCTOBER 1st COACHELLA VALLEY MONTHS OF SALES RATION BY PRICE RANGE: On October 1st, the highest months of sales ratio was 7.8 months (up from 7.4 months on October 1st, 2023) for homes priced at or above $2M. The lowest months of sales ratio was 3.3 months (up from 2 months on October 1st 2023) for homes priced between $300K and $399K. Market Watch noted that since months of sales is really the supply-demand equation for housing, the large year-over-year increases in the months of supply ratios showed that the supply side of the market was slowly increasing in all price brackets. 

SEPTEMBER COACHELLA VALLEY DAYS IN THE MARKET: At the end of September, the median number of days in the market in the Coachella Valley was 49 days (up 11 days from 38 days at the end of September 2023). Market Watch noted that the median selling time had been gradually increasing over the last nine months and selling times were now back to pre pandemic levels.

SEPTEMBER COACHELLA VALLEY DAYS IN THE MARKET BY CITY: At the end of September, Coachella continued to have the lowest average selling time in the Coachella Valley at 34 days (up from 31 days at the end of September 2023). This was followed by Desert Hot Springs at 36 days (down from 46 days at the end of September 2023) and Cathedral City at 43 days (up from 26 days at the end of September 2023). At the end of September, Bermuda Dunes had the highest average selling time at 66 days (up from 49 days at the end of September 2023).

SEPTEMBER COACHELLA VALLEY DAYS IN THE MARKET BY PRICE RANGE: At the end of September, the longest average selling time was 71 days (up from 41 days at the end of September 2023) for homes priced between $900K and $999K. The lowest average selling time was 37 days (the same as at the end of September 2023) for homes priced between $400K and $499K. Market Watch commented that selling times usually increase with higher priced homes. However, they didn’t see that in the current market, which they felt was a positive feature for higher priced homes.

SEPTEMBER COACHELLA VALLEY AVERAGE PRICE PREMIUM/DISCOUNT: In September in the Coachella Valley, detached homes sold at an average discount of 2.1% (up from an average discount of 1.8% in September 2023). Attached homes sold at an average discount of 2.9% (up from an average discount of 2.3% in September 2023). Market Watch noted that the current average discounts were now in line with pre-covid levels.

SEPTEMBER COACHELLA VALLEY AVERAGE SELLING DISCOUNT BY CITY: In September in the Coachella Valley, Coachella had the smallest average selling discount at 0.8% (increasing from 0.3% in September 2023). Indian Wells had the highest average selling discount at 3.6% (increasing from 2.1% in September 2023).

SEPTEMBER COACHELLA VALLEY AVERAGE SELLING DISCOUNT BY PRICE RANGE: In September in the Coachella Valley, the smallest average selling discount was 1.2% (decreasing from an average discount of 1.3% in September 2023), for homes priced between $500K and $599K. The highest average selling discount was 6.2% (increasing from 3.7% in September 2023), for homes priced at or above $2M. Market Watch noted that as a general rule, price discounts increase as home prices increase. However, in the Coachella Valley in September, the lowest average discounts occurred in the middle price ranges. 

SEPTEMBER COACHELLA VALLEY PERCENTAGE OF HOMES SELLING ABOVE LIST PRICE: In September in the Coachella Valley, the percentage of homes selling over list price was 13.8% (down from 16.9% in September 2023). Market Watch expected the number of Coachella Valley homes selling above list price to remain at about one out of seven (or 14.3%).

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs - DRE# 01896117 | Tim Briggs - DRE# 01898254 | Coldwell Banker Realty - DRE# 00616212

According to The Desert Sun’s Sam Morgen, there will soon be a new option for those travelling between Los Angeles and the Coachella Valley. Jet service company Aero has launched semi-private flights between Van Nuys Airport in Los Angeles and Jacqueline Chochran Regional Airport in Thermal. The new flights are targeting weekend travelers who can afford to cut traffic out of their plans. Flights are scheduled to take place on Friday and Sunday evenings from Nov. 1 to late April, with an advertised flight time of 55 minutes. Benefits include use of private terminals, curbside check-in just 20 minutes before flight time and an open bar with in-flight dining options featuring Erewhon. Tickets start at $725 per person each way. From Los Angeles, Aero travelers can also reach Napa, Los Cabos in Mexico, Aspen, Colorado and Sun Valley, Idaho. For comparison, United also offers seasonal flights between Los Angeles International Airport and Palm Springs International Airport, with a round-trip economy ticket available as of Tuesday of this week for less than $300 for some dates in November.   

For more information, please read Sam Morgen’s Desert Sun Article, courtesy of The Desert Sun, at: https://www.desertsun.com/story/news/local/palm-springs/2024/10/02/semi-private-flights-aero-los-angeles-palm-springs-area/75473292007/?utm_source=ppas-DailyBriefing&utm_medium=email&utm_campaign=daily-briefing&utm_term=Content%20List%20-%20Stacking%20-%20optimized&utm_content=1082DS-E-NLETTER65

THE BRIGGS GROUP | COLDWELL BANKER REALTY | Laurie Briggs - DRE# 01896117 | Tim Briggs - DRE# 01898254 | Coldwell Banker - DRE# 00616212

OPEN HOUSE: Brilliantly Reimagined Racquet Club Estates Alexander/Krisel Midcentury Modern Home | WHEN: Sun. Oct. 6th | 11 AM – 1 PM | WHERE: 2164 N Berne Dr, Palm Springs 

Built in 1959 and designed by the renowned architectural firm, Palmer & Krisel, this property is part of the Alexander Company's ambitious and largest development, Racquet Club Road Estates. This home is a stunning example of the ''flat-roof'' model, showcasing the sleek and elegant design that Alexander homes are known for. In 2022 the home underwent a complete renovation, including repositioning the striking bright red double door entry that complements the home's original aesthetic. Upon entering, you'll be captivated by the expansive great room with its walls of glass, providing breathtaking views of the meticulously landscaped backyard pool/spa.The open-concept living space features a brand new kitchen with modern cabinets, high-end appliances, and a stylish L-shaped island.  The updated bathrooms boast tiled wall treatments and all-new fixtures. New sliders, windows, and 24x24 porcelain flooring are found throughout the home; a brilliant marriage of original design elements with contemporary functionality.  Outside, the backyard has been transformed with new concrete flatwork and a redesigned pool now featuring an in-ground salt-water spa & 6' block privacy wall. A must see! 

MLS# 219113603 | Listed at $1,379,000 | Details, photos, floor plan and virtual & video tours at: http://viewlisting.info/121893 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs – DRE 01896117 | Tim Briggs – DRE 01898254 | Coldwell Banker – DRE 00616212

JUST LISTED: Entertainer's Dream - Open Concept Floor Plan With Pool & Mountain Views In La Quinta’s Desirable Hidden Canyon Community 

OPEN HOUSE: Sun. Oct. 6^th 11AM to 1PM | 48420 Big Horn Dr, La Quinta 92253 

Welcome to a rarely lived-in gem nestled behind the gates of the highly sought-after Hidden Canyon community! This Mediterranean-inspired retreat sits on a prime, interior lot with lovely backyard mountain views, providing the ultimate in luxury and tranquility.  The backyard paradise offers a Pebble Tec type saltwater pool/spa, waterfall feature, and commercial grade misting system, perfect for extending those blissful desert days into serene evenings. Privacy abounds as this property is tucked away from any busy streets, offering peace and quiet amidst stunning mountain vistas.  The spacious 4-bedroom home includes the option to convert a den/workout room into a 5th bedroom or office. Each bedroom is en suite, ensuring privacy and comfort. The open floor plan seamlessly connects the gourmet kitchen, featuring granite countertops, upgraded cabinetry, and a center island, to the inviting great room - ideal for entertaining or family gatherings. Located in the IID, where the power costs are significantly lower, this home is just moments from La Quinta Resort, Old Town La Quinta, and premier golf resorts. This home provides the perfect blend of luxury living and prime location. Don't miss the chance to own a home in one of La Quinta’s most exclusive and low HOA communities. 

MLS# 219116937 | Listed at $1,450,000 | Details, photos, floor plan & video & virtual tours at: http://viewlisting.info/122113 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs – DRE 01896117 | Tim Briggs – DRE 01898254 | Coldwell Banker – DRE 00616212

If you’re looking for some fun things to see and do here in the Coachella Valley in October, our colleagues Catherine, Dawn and Valori, from First America Title offer a few suggestions:

Indio’s 2024 State of the City | Oct. 1 from 11am-1pm | Riverside County Fairgrounds

Attendees will hear about significant progress in infrastructure, public safety initiatives, and other key areas shaping Indio’s bright future. The event will also feature business awards and a Shop Local Business Expo. For more information: 760-391-4000 | www.indio.org  

Desert Hot Springs State of the City, Business Awards & Expo | Oct. 3 from 10am-1pm | DHS Recreation Center

This annual event offers a review of economic activity in Desert Hot Springs from the previous year, as well as future development and plans significant for the business community. For more information: 760-347-0676 / www.gcvcc.org  

Palm Desert Fall Concerts in the Park | Oct. 3-31 Every Thursday in October from 6-7:30pm | Palm Desert Civic Center Park Amphitheater

The Free Concerts In The Park Series kicks off on Thursday October 3rd with Fleetwood Mac tribute band Gypsy Dreams. On Thursday October 10th, Latinova takes to the stage to perform crowd pleasing Latin Jazz favorites. Iconic R&B, Rock and Blues hits from artists like Chicago, KC & the Sunshine Band, Tower of Power, Kool & the Gang are on the menu Thursday October 17th as OC Groove stops by. On Thursday October 24th, Country music band Wild West performs hits from such Country superstars an Shania Twain, Carrie Underwood Martina McBride and more. The concert series wraps up on October 31st with a special performance by Dead Man’s Party, recreating Oingo Boingo’s famous Southern California Halloween Concerts, along with 80s New Wave hits. For more information:  760-568-1441 | https://discoverpalmdesert.com/concerts/

Palm Springs Car Show & Festival | Oct. 5 from 10am-7pm | Downtown Palm Springs

This free event features hundreds of classic cars, exotics, street rods, muscle cars, trucks, sports cars, and antique vehicles. Enjoy live entertainment at 5:30pm at Downtown Palm Springs Park. Highlights include new car dealer displays, a Marilyn look-a-like contest, and a cutest dog contest. For more information: 760-325-1577 | www.pschamber.org  

Mission LQ: Rocket Launch | Oct. 5 from 8-10am | SilverRock Park, La Quinta

Novice and experienced rocketeers ages 6 years and up can learn, build, and launch small power rockets. For more information: 760-777-7093 / www.playinlaquinta.com  

HWY 62 Open Studio Art Tours | Oct. 5-6, 12-13, 19-20 | Various Studios, Joshua Tree Area

Explore more than 130 studios, engage with local artists, and purchase art directly from the creators. New this year, Art Tours After Dark features live music from local bands and musicians at over 15 venues. Free and open to everyone during the first three weekends of October. Fotr more information: www.mbcac.org  

Nvision Latino Film and Music Festival | Oct. 10-12 - See website for schedule | Annenberg & Regal Cinemas Palm Springs

Enjoy film screenings, engaging panels, and special presentations at the Annenberg Theater and Regal Cinemas. Join us for cocktail receptions in the beautiful Meyerman Garden, and experience nightlife programming at Reforma. For more information: 760-322-4800 | https://www.psmuseum.org/events/nvision-latino-festival?date=2024-10-10

Joshua Tree Music Festival | Oct. 10-13 | Joshua Tree Lake Campground, 2601 Sunfair Road

The family-friendly workshop features live music, yoga, workshops, a Queer Salon, and other exciting events and activities. The festival promises a diverse musical journey and a celebration of the desert’s raw beauty. Camp under the stars or choose from various local lodging options. Fotr more information: https://joshuatreemusicfestival.com  

Rancho Mirage Rescue Rally | Oct. 12 from 9am-2pm | Rancho Mirage Library & Observatory

This special day is dedicated to pet adoptions, wellness information, and family-friendly activities. Co-hosted by Riverside County Animal Services and the Coachella Valley Animal Campus, the Rancho Mirage Rescue Rally offers the perfect opportunity to provide a loving home to a rescue pet while learning valuable tips to keep your pets healthy and happy. Bring the whole family and enjoy a fun-filled day supporting animal welfare in our community.    For more information: 760-324-4511 | https://visitranchomirage.com/calendar.php?view=day&month=10&day=12&year=2024

Yum Food-Fest & Night Market | Oct. 12-13 from 3-10pm | The Shops at Palm Desert

Enjoy local business and culture vendors, pop-ups from your favorite mobile restaurants, and food trucks from around the valley. For more information: www.yumfoodfest.com  

Evening Under the Stars | Oct. 13 at 5:30pm | Palm Springs Residence of Brad Lampley & Rigo Lomeli

Join this fundraising event for AAP Food Samaritans, a nonprofit benefiting low-income people living with HIV/AIDS and other chronic illnesses. Debby Holiday makes an appearance and community impact awards will be awarded to Bonnie and Alan Cashman, Nino Eilets, and Ruta Lee. For more information: 760-325-8481 | www.aidsassistance.org  

Amy’s Purpose: An Evening With Liberace | Oct. 13 from 6:30-9:30pm | Casa de Monte Vista, Palm Springs

The event honors Palm Springs’ legendary dog lover, Liberace, with a festival-style celebration. Pre-concert show by cabaret artist Francesca Amari, along with psychics, a cigar lounge, and more. 760-831-3090 | www.amyspurpose.net  

La Quinta High School Homecoming Parade | Oct. 16 from 5:30-6:30pm | Main Street, Old Town

The parade will feature the spirited Class of 2025, the Blackhawks, and will include performances by marching bands, cheerleaders, and a display of colorful floats created by the students. For more information: www.oldtownlaquinta.com  

Wine and Dine Around the World | Oct. 16 from 5-11pm | Palm Springs Air Museum

Join connoisseurs and philanthropists alike in supporting over 20 Coachella Valley charities while indulging in an extravagant tasting experience. For more information: 760-778-6262 | https://www.eventbrite.com/e/wine-dine-around-the-world-2024-tickets-934904674047?aff=erelexpmlt

CCHS Homecoming Parade & Rally | Oct. 17 from 4:30-5:30pm | Cathedral City Civic Center Plaza

The Cathedral City H.S. Homecoming Parade and Rally has featured the football team, marching band, cheer leaders, students nominated for Homecoming King and Queen, honor groups, elected officials, middle and elementary school students. For more information: 760-770-0100 | www.discovercathedralcity.com  

Palm Springs Tram Road Challenge | Oct. 19 at 7am | Palm Springs Aerial Tramway

Climb almost 2,000 feet from the desert to the mountains in just 3.7 miles! Reaching the finish line grants access to a postrace festival and health fair with food and awards for winners. Participants receive a stylish finisher medal, cool race t-shirt, tasty post-race food and drink, and a bus ride back down the hill! For more information: 949-444-2365 | www.runsignup.com  

Paint El Paseo Pink | Oct. 19 at 7:30am | El Paseo, Palm Desert

Honors Breast Cancer Awareness month. Community members gather to support those currently undergoing care, honor brave survivors, and remember loved ones lost. For more information: 760-773-6554 | www.desertcancerfoundation.org  

Battle in the Desert | Oct. 19 from 5-8pm | Cathedral City Community Amphitheater

Witness the excitement of amateur boxing, featuring public safety personnel. 760-335-8895 / www.facebook.com/BattleintheDesert  

The Center Stage Gala | Oct. 19 from 5:30pm | Palm Springs Air Museum

Themed “Creating Community. Making Magic.” Honoring John McDonald and Rob Wright with the Legacy Award for their lasting contributions, the event highlights their impact on the desert’s LGBTQ+ community and beyond. Enjoy a special musical performance by American Idol winner Abi Carter. For more information: 760-416-7790 | www.thecentercv.org  

Coachella State of the City & Business Awards | Oct. 23 from 7:30-10am | Veterans Memorial Park

This annual event offers a review of economic activity from the previous year, as well as future development and plans significant to the business community. For more information: 760-347-0676 | www.gcvcc.org  

Modernism Week -October | Oct. 24-27 | Various Greater Palm Springs Locations

Celebrate midcentury architecture, arts, and culture. Tour iconic homes and neighborhoods, see landmark buildings and estates on popular Double Decker bus tours, attend engaging presentations, and enjoy a variety of unique experiences from live music to dinner and cocktail parties. For more information: www.modernismweek.com

Palm Springs Modernism Show & Sale | Oct. 25-27 - See website for schedule | Palm Springs Convention Center

Over 50 national and international decorative and fine art dealers will present 20th and 21st century vintage wares to satisfy your modernism needs. For more information: www.palmspringsmodernism.com  

DAP Health Equity Walk | Oct. 26 Beginning at 7:30am | Ruth Hardy Park, Palm Springs

Support the mission to eliminate barriers to care and achieve health equity. Explore the Health & Wellness Village. Proceeds benefit HIV/AIDS care, mental health services, and more. For more information: www.daphealth.org/healthequitywalk  

Howl-O-Ween Dog Costume Contest | Oct. 26 from 9-10:30am | Panorama Park Dog Park, Cathedral City

Dress up your furry friend and compete for amazing prizes, including a $75 gift card for first place from Denny’s, a $50 gift card for second place from Mary Pickford Theaters, and more. For more information: 760-770-0340 | www.discovercathedralcity.com  

Halloween Themed Chili Cook-off & Car Show | Oct. 26 from 10am-5pm | Palm Springs Air Museum

Check out amazing cars and savor a variety of chili from the Museum volunteers’ secret recipes. For more information: 760-778-6262 | www.palmspringsairmuseum.org  

The Living Desert Howl-O-Ween | Oct. 26-27 from 9am-3pm | The Living Desert Zoo | Gardens, 47900 Portola Avenue, Palm Desert

Dress up in your favorite costume and enjoy trick-or-treat stations, limited-edition animal trading cards, festive face painting, themed arts and crafts, fall photo ops, and more! For more information: 760-346-5694 | https://www.livingdesert.org/events/howl-o-ween/2024-10-26/

Palm Desert Golf Cart Parade | Oct. 27 at 8am | The Shops on El Paseo

“Show Us Your Sparkle.” Enjoy live music, food, shop at merchant booths, and let the kids play at the kid zone. Arrive there bright and early for the pancake breakfast. For more information: www.golfcartparade.org  

Cathedral City Halloween Spooktacular | Oct. 27 from 12-3pm | Civic Center Plaza

Over 50,000 pieces of candy for trick-or-treaters! Join friends, neighbors, and family for costume contests (with two bikes given away each hour), police and fire exhibitions, music, and games. For more information: 760-770-0396 | https://www.discovercathedralcity.com/event/halloween-spooktacular-2024/

Be A Hero For Kids Halloween Bash | Oct. 27 at 4:30pm | Hilton Palm Springs

The Boys & Girls Club of Palm Springs’ largest annual fundraiser, invites guests to don their best Halloween costumes while supporting essential programs for local youth. For more information: 760-327-1304 | www.bgcps.org  

Palm Springs Halloween Carnival and Haunted House | Oct. 30 from 4-7pm | James O Jessie Desert Highland Unity Center

A Halloween Carnival and Haunted House, with a costume contest. For more information: 760-323-8271 | www.palmspringsca.gov/Home/Components/Calendar/Event/27697/15?curm=10&cury=2024

Palm Springs State of the City & Awards | Oct. 30 5-7pm | Palm Springs Art Museum

Mayor Jeffrey Bernstein and the City Council will share district updates, recent accomplishments and new ideas with residents and businesses. For more information: 760-325-1577 | https://pschamber.org/event/annual-state-of-the-city-awards-luncheon/

El Paseo Cruise Night Welcome Back Party | Oct. 30 from 5-7pm | Desert Willow Golf Resort, Palm Desert

Classic Car Showcase. Dinner Buffet. Live Classic Rock & Roll Music with Lisa Lynn & the Broken Hallelujahs. For more information: 760-346-8965 | www.elpaseocruisenight.com  

Palm Springs Pride Festival | Oct. 31- Nov. 3 - See website for schedule | Downtown Palm Springs Enjoy a wide range of festivities like local food, business, and organization vendors and live entertainment. For more information: 760-416-8711 | www.pspride.org

First American Title Insurance Company, and the operating divisions thereof, Coldwell Banker and/or The Briggs Group make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions.

THE BRIGGS GROUP | COLDWELL BANKER REALTY | Laurie Briggs - DRE# 01896117 | Tim Briggs - DRE# 01898254 | Coldwell Banker - DRE# 00616212

OPEN HOUSE: One Of A Kind Remodeled Palm Valley Country Club Condo Overlooking Championship Course Fairways 4 Through 8 | WHEN: Sat. Sept. 21 | 11AM - 1PM | WHERE: 76122 Honeysuckle Dr, Palm Valley Country Club, Palm Desert 

WOW FACTOR!! One of a kind condo with covered heated back patio overlooking Fairways 4 through 8 of the Ted Robinson Jr. designed Championship Course. The inside of this beautifully remodeled 3 bedroom Cottonwood model is bathed in extra light by virtue of it being an end unit. A seamless transition from indoor to outdoor living with this uniquely expanded and fenced tiled patio which is elevated to maximize views. Industrial grade overhead patio heaters and ceiling fans make this an all seasons outdoor living space. Inside, original kitchen walls have been removed to create an open floor plan great room perfect for easy entertaining. The home features custom tile flooring and chic designer finishings throughout. The 3rd bedroom is being used as a chic home office. Just some of the upgrades include quartz countertops, vaulted ceilings, a water filtration system, newer heating and air conditioning system and so many more upgrades. A bonus courtyard patio off the Primary Bedroom Suite provides a private lounging area. This lovely home is move-in ready and comes turnkey furnished. As a Palm Valley Country Club resident, you can exercise options allowing access to an array of golf, social, and recreational amenities, including two golf courses as well as access to incredible dining, a swimming and fitness facility, world-class tennis/pickleball courts, 46 pools/spas, and more. Investors; short term rentals are allowed here, for those looking to maximize their investment. Come join the 'Fun Club for All Ages'. 

MLS# 219116022 | Listed at: $888,000 | Details, photos, floor plan & virtual & video tours at: http://viewlisting.info/121892 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs DRE 01896117 | Tim Briggs DRE 01898254 | Coldwell Banker DRE 00616212

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Coachella Valley, Palm Desert, Palm Valley Country Club, golf course condo, open house, remodeled, reimagined, chic, stylish, five fairway view, mountain view, golf course view, The Briggs Group, Tim Briggs, Laurie Briggs, Coldwell Banker

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OPEN HOUSE: Reimagined & Remodeled Palm Valley Country Club Golf Course Condo | WHEN: Sat. Sept. 21 | 11AM - 1PM | WHERE: 76636 Hollyhock Dr, Palm Valley Country Club, Palm Desert

This golf course home, overlooking the 14th and 15th Fairways of Palm Valley Country Club’s Championship Course, has been completely reimagined and remodeled to create an ultra chic desert retreat. Interior walls have been removed to create the open floor plan showcasing impeccable craftsmanship and designer finishes across 3 bedrooms and 2 baths. The designer kitchen features an expansive waterfall edge center island, sleek quartz countertops and top-tier professional grade stainless steel appliances. A vaulted ceiling and a built-in floor-to-ceiling tiled fireplace create a warm ambiance in the great room. The great room seamlessly connects to the extended, tiled outdoor patio through large sliding doors and windows that flood the living spaces with natural light, enhancing the serene atmosphere throughout. The primary suite is a private retreat, with a spa-like bathroom boasting a custom vanity, heated towel rack and a luxurious walk-in shower with designer touches, as well as a secluded enclosed patio, perfect for relaxation amidst the fresh desert air. Additional features include a built-in outdoor cook center, new high efficiency double pane sliding doors and windows, a spacious 2-car garage, LED recessed lighting, ceiling fans, a ring doorbell, Nest smart thermostat, and backlit defogging vanity mirrors. Short Term Rentals Allowed. 46 pools and spas, 2 golf courses, tennis courts, pickleball courts, an Olympic-sized lap pool, gym, spa and Clubhouse Dining.

MLS# 219113802 | Listed at: $749,500 | Details, photos, floor plan & virtual & video tours at: http://viewlisting.info/121894

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs DRE 01896117 | Tim Briggs DRE 01898254 | Coldwell Banker DRE 00616212

OPEN HOUSE: Quiet Meticulously Maintained Palm Desert Whitehawk Cul-De-Sac Pool Home | WHEN: Sat. Sept. 21st from 1:30 PM to 3:30 PM | WHERE: 77572 Carinda Court, Palm Desert (Whitehawk)

Relax and enjoy the winter indoor/outdoor living the Desert is famous for in this beautiful Bayberry model located on a quiet cul-de-sac in the gated Whitehawk community in Palm Desert. Perfect as a family home or winter/weekend getaway vacation home. Inside, the home features two separate living areas; a large family room with gas fireplace and access to the back yard through double sliding glass patio doors and separate living/dining room at the front of the house. These rooms have high vaulted ceilings, creating a spacious look and feel. The large remodeled kitchen is equipped with a double oven, gas cooktop with built in microwave/exhaust fan above it and a large center island, with a large adjoining breakfast nook. You'll find great separation between the 3 bedrooms and the main living areas. The spacious master bedroom suite includes a wonderful bay window sitting area, 2 large walk-in closets, an en-suite bathroom and access to the back yard through a sliding glass patio door. In the back yard, you'll find a large covered patio and an generously-sized swimming pool and spa. High efficiency superior Lennox HVAC.In the front of the home, there is an attached 3 car garage with plenty of storage. Whitehawk has a private community park, direct access to Woodhaven Country Club through a golf cart gate and is located across Country Club Drive from Palm Desert's Freedom Park with volleyball, basketball, tennis, pickleball, a skateboard park and much more.

MLS# 219111149 | Listed at $ 715,000 | For more details, photos, floor plan & a virtual tour, please visit: http://viewlisting.info/121391

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs – DRE 01896117 | Tim Briggs – DRE 0898254 | Coldwell Banker – DRE 00616212

OPEN HOUSE: Brilliantly Reimagined Racquet Club Estates Alexander/Krisel Midcentury Modern Home | WHEN: Fri. Sept. 20 | 5:30PM – 8PM | WHERE: 2164 N Berne Dr, Palm Springs

Brilliantly reimagined Alexander/Krisel home!  This exquisite mid-century modern home was constructed by the renowned Alexander Construction Company. Located on a tranquil cul-de-sac named after Berne ''Babe'' Meiselman, wife of mid-century developer Jack Meiselman, this enclave of ten homes was designed by the renowned architectural firm, Palmer & Krisel. Built in 1959, this property is part of the Alexander Company's ambitious and largest development, Racquet Club Road Estates. This home is a stunning example of the ''flat-roof'' model, showcasing the sleek and elegant design that Alexander homes are known for. In 2022 the home underwent a complete renovation, including repositioning the striking bright red double door entry that complements the home's original aesthetic. Upon entering, you'll be captivated by the expansive great room with its walls of glass, providing breathtaking views of the meticulously landscaped backyard pool/spa.The open-concept living space features a brand new kitchen with modern cabinets, high-end appliances, and a stylish L-shaped island.  The updated bathrooms boast tiled wall treatments and all-new fixtures. New sliders, windows, and 24x24 porcelain flooring are found throughout the home; a brilliant marriage of original design elements with contemporary functionality.  Outside, the backyard has been transformed with new concrete flatwork and a redesigned pool now featuring an in-ground salt-water spa & 6' block privacy wall. A must see! 

MLS# 219113603 | Listed at $1,379,000 | Details, photos, floor plan and virtual & video tours at: http://viewlisting.info/121893 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs – DRE 01896117 | Tim Briggs – DRE 01898254 | Coldwell Banker – DRE 00616212

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

AUGUST COACHELLA VALLEY HOME SALES RECOVERY: Coachella Valley home sales in August were 29.7% below normal (where normal is calculated from August home sales over the years 2016 through 2019). Market Watch is hopeful that the anticipated drop in interest rates in September will stimulate buyers.

AUGUST COACHELLA VALLEY DETACHED HOME MEDIAN PRICE: After reaching an all-time high five months ago, in August the median price of a detached home in the Coachella Valley decreased again to $653,726 (down $5,274 or 0.8% from $659,000 in August 2023). Market Watch explained that this is the period of the year (between September and December) when the median home price usually hits its seasonal low. However, with both lower inventory and home sales, they felt that supply and demand would remain relatively balanced.

AUGUST COACHELLA VALLEY ATTACHED HOME MEDIAN PRICE: In August, the median price of an attached home in the Coachella Valley was $445,000 (down $5,000 or 1.1% from $450,000 in August 2023). Market Watch noted that the seasonal price swing for attached homes was much larger than for detached homes and that the median price of attached homes seemed to be following the normal seasonal pattern. Market Watch added that if this is true, then the median price of attached homes should reach its seasonal low sometime in the next two months.

AUGUST YEAR-OVER-YEAR CHANGE IN THE PRICE OF THE AVERAGE SIZE HOME BY CITY: In August, the year-over-year price change for detached homes in the Coachella Valley ranged from an increase of 22.2% for the average size 1,700 sq ft detached home in Coachella to a decrease of 6.1% for the average size 2,175 sq ft detached home in Palm Springs. In August, the year-over-year price change for attached homes in the Coachella Valley ranged from an increase of 10.9% for the average size 1,450 sq ft attached home in Bermuda Dunes to a decrease of 11.8% for the average size 750 sq ft attached home in Desert Hot Springs.

AUGUST COACHELLA VALLEY MONTHLY HOME SALES (THREE-MONTH AVERAGE): In August, monthly home sales in the Coachella Valley averaged 578 home sales per month (down 8.1% or 51 homes from 629 home sales per month in August 2023). Market Watch noted that while the seasonality of our market makes it difficult to determine where home sales stand on a historical basis, the sales recovery data showed that home sales in August home sales were lower against past norms by 29.7%.

AUGUST COACHELLA VALLEY MONTHLY HOME SALES (TWELVE-MONTH AVERAGE): In August, the 12-month average of home sales in the Coachella Valley (which Market Watch claims removes the seasonality from home sales data) was 604 home sales per month (down 5 home sales per month from 609 home sales per month in August 2023). Market Watch noted that the long-term average of monthly home sales has been hovering at just over 600 units per month now for over a year. Market Watch stated that although the inflation rate has declined, the Federal Reserve Board has been reluctant to lower rates. But this appears to be changing, with the FED stating they plan to lower rates in September.

AUGUST COACHELLA VALLEY MONTHLY HOME SALES BY CITY: Year-over-year, home sales in August were lower in all Coachella Valley cities other than Indio and Bermuda Dunes. The highest monthly home sales in August were in Palm Desert with 129 monthly home sales (down from 138 home sales in August 2023), followed by Palm Springs with 103 monthly home sales in August (down from 131 monthly home sales in August 2023).

AUGUST COACHELLA VALLEY HOME SALES BY PRICE RANGE: Market Watch noted that the largest overall monthly home sales decline in August appeared to be in sales of homes priced between $300K to $500K, and those priced over a million dollars. For homes priced between $300K and $399K, home sales were 72 home sales per month (down 11.1% from 81 homes sales per month in August 2023). For homes priced between $400K and $499K, home sales averaged 95 home sales per month (down 20.2% from 119 homes sales per month in August 2023). For homes priced between $1 million and $1,999 million, home sales averaged 79 home sales per month (down 14.1% from 92 homes sales per month in August 2023).

AUGUST COACHELLA VALLEY HOME SALES IN DOLLARS: Home sales in dollars in August were $443 million (down 8.7% from home sales of $485 million in August 2023).

AUGUST COACHELLA VALLEY HOME SALES BY CITY IN DOLLARS: Market Watch noted that Coachella Valley home sales in August in dollars were comparable to home sales in August 2023 in every city except La Quinta and Palm Springs. August home sales in dollars in La Quinta were $83 million (down 11.7% from $94 million in August 2023). August home sales in dollars in Palm Springs were $79 million (down 28.2% from $110 million in August 2023).

AUGUST COACHELLA VALLEY HOME SALES BY PRICE RANGE IN DOLLARS: Market Watch noted that August sales of homes priced between $1 million and $1.999 million were $107 million (down 16.4% from $128 million in August 2023). August sales of homes priced at 2 million or above were $76 million (down 7.3% from $82 million in August 2023). Market Watch also pointed out that August sales of homes priced over $1 million continued to account for roughly 50% of all home sales in dollars in the Coachella Valley.

SEPTEMBER 1^st COACHELLA VALLEY HOME SALE INVENTORY: On September 1^st, the Coachella Valley home sale inventory was 2,237 homes (up 576 homes or 34.7% from 1,661 homes on September 1^st, 2023). Market Watch noted that the traditional seasonal pattern suggested that inventory would begin an increase that usually carries through February. Further, they noted that while inventory has gradually improved, the current inventory level continued to be about 1,000 homes under what was normal at this time of year before the pandemic.

SEPTEMBER 1^ST COACHELLA VALLEY HOME SALE INVENTORY BY CITY: On September 1^st, the highest home sale inventory level in the Coachella Valley was in Palm Springs at 548 homes (up 43.1% from 383 homes on September 1^st, 2023), followed by Palm Desert at 421 homes (up 40.8% from 299 homes on September 1^st, 2023). The lowest inventory level was in Coachella at 31 homes (up 6.9% from an inventory level of 29 homes on September 1^st,2023). Market Watch explained that this information showed what cities have homeowners with the greatest selling interest and how it compared to last year.

SEPTEMBER 1^st COACHELLA VALLEY HOME SALE INVENTORY BY PRICE RANGE: On September 1^st, the highest home sale inventory level in the Coachella Valley by price range was 388 homes, for homes priced between $1 million and $1.999 million (up 29.8% from 299 homes on September 1^st 2023), followed closely with an inventory level of 335 homes for homes priced between $500K and $599K (up 34% from 250 homes on September 1^st, 2023). The lowest home sale inventory level was 94 homes, for homes priced between $900K and $999K (up 30.6% from 72 homes on September 1^st, 2023). Market Watch explained that this information could help locate what price ranges might be responsible for the growth or contraction of inventory.

SEPTEMBER 1^ST COACHELLA VALLEY OVERALL MONTHS OF SALES RATIO: On September 1^st, the Coachella Valley’s overall months of sales ratio was 3.7 months (up from 2.7 months on September 1^st, 2023). Market Watch stated that this fundamental ratio, which measures supply and demand, is now back to pre-pandemic levels. Further, they stated that even though inventory was still relatively low, the low home sales numbers kept supply and demand relatively balanced. In their opinion, this was one major reason why home prices have remained stable over the last twelve months. Lastly, they noted that this months of sales ratio could be the seasonal low for this year based on past data.

SEPTEMBER 1^ST COACHELLA VALLEY MONTHS OF SALES RATIOS BY CITY: Market Watch noted the consistent months of sales ratios in the Coachella Valley on September 1^st  (roughly between 3.0 and 4.0 months in the nine Coachella Valley cities). The months of sale ratio in Palm Springs was the highest at 5.0 months (up from 3 months on September 1^st, 2023). The months of sale ratio in Bermuda Dunes was the lowest at 2.3 months (down from 2.7 months on September 1^st, 2023). Market Watch stated that since the months of sales ratio is really the supply-demand equation for housing, it showed that the housing market remained balanced. If ratios were to move higher, however, the market would begin to favor buyers over sellers.

SEPTEMBER 1^st COACHELLA VALLEY MONTHS OF SALES RATIOS BY PRICE RANGE: Market Watch called out the increase in the months of sales ratio for homes priced between $700,000 and $900,000 as being a little above normal. For homes priced between $700K and $799K, the months of sales ratio in the Coachella Valley on September 1^st was 5.1 months (up from 3 months on September 1^st, 2023). For homes priced between $800K and $899K, the months of sales ratio in the Coachella Valley on September 1^st was 4.4 months (up from 2.6 months on September 1^st, 2023). Again, Market Watch noted that since the months of sales ratio is really the supply-demand equation for housing, the increases in months of sales ratios over last year showed that the supply side of the market was slowly increasing in all price brackets.

AUGUST COACHELLA VALLEY OVERALL DAYS IN THE MARKET: At the end of August, the median number of days in the market in the Coachella Valley was 48 days (up from 38 days at the end of August 2023). Market Watch observed that the median selling time in the region has been stable for the last three months. Further, they stated that they continued to believe that the median selling time will remain around current levels moving toward next year.

AUGUST COACHELLA VALLEY DAYS IN THE MARKET BY CITY: In the Coachella Valley in August, Coachella continued to have the lowest average selling time at just 14 days (down from 31 days in August 2023). This is followed by Desert Hot Springs at 39 days (same as in August 2023) and Cathedral City at 41 days (up from 25 days in August 2023). In August, Indian Wells had the highest average selling time at 63 days (up from 37 days in August 2023).

AUGUST COACHELLA VALLEY DAYS IN THE MARKET BY PRICE RANGE:. In the Coachella Valley in August, the lowest average selling time was for homes priced between $400K and $499K at 41 days (up from 34 days in August 2023). The highest average selling time at 69 days was for homes priced between $900K and $999K (up from 41 days in August 2023). Market Watch noted that it is usual for selling times to increase as the price of the home increases. However, in the current market Market Watch did not see that (which Market Watch felt was a positive feature for higher priced homes).

AUGUST COACHELLA VALLEY OVERALL PRICE PREMIUM/DISCOUNT: In August in the Coachella Valley, detached homes were selling at an average discount of 2.3% (up from an average discount of 1.8% in August 2023). Attached homes were selling at a 3.0% average discount (up from an average discount of 2.2% in August 2023). Market Watch noted that current discounts were in line with pre-covid levels.

AUGUST COACHELLA VALLEY AVERAGE SELLING DISCOUNT BY CITY: In August in the Coachella Valley, Coachella was the only city with homes selling at an average premium (with a sales premium of 0.4%, up from an average discount of 1% in August 2023). Bermuda Dunes continued to have the highest average selling discount for homes in August, with homes selling at an average discount of 4.1% (up from an average discount of 1.6% in August 2023).

AUGUST COACHELLA VALLEY AVERAGE SELLING DISCOUNT BY PRICE RANGE: The highest average selling discount for homes in the Coachella Valley in August was 6% for homes priced at or above $2 million (up from an average selling discount of 3.6% in August 2023). The lowest average selling discount for homes in the Coachella Valley in August was 1.4% for homes priced between $400K and $499K (down from an average selling discount of 1.6% in August 2023).

AUGUST COACHELLA VALLEY PERCENTAGE OF HOMES SELLING ABOVE LIST PRICE: In the Coachella Valley in August, the percentage of homes selling over list price was 13.2% (down from 17.6% in August 2023). Market Watch continued to expect the number of homes selling above list price to remain about one out of seven.

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs - DRE# 01896117 | Tim Briggs - DRE# 01898254 | Coldwell Banker Realty - DRE# 00616212