Hot Desert Real Estate Information & Community News

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

 

March 12, 2024

Coming Soon: Ramon Lakeview Villas Updated Pied-A-Terre

Serene updated one level two bedroom two bathroom condo, located in the gated Ramon Lakeview Villas community. Residents enjoy resort-like amenities with two pools and spas, beautiful lake with fountains and rock features, picnic and sitting areas and paths to take in the peaceful scenery. Best of all, with no one above you and being an end unit, the interior is quiet, light and bright. This home offers two primary bedroom suites, each with an en-suite bathroom and walk-in closet. The kitchen and bathrooms have been tastefully remodeled with newer cabinets, counter tops and tile floors. The plug in fireplace adds a warm ambiance to the Living Room. There is a slider at the back of the house accessing the large back patio with relaxing green belt views, a spacious sitting area to enjoy, and storage space. HOA fees include water, trash, roof, landscaping, and exterior maintenance. Parking is a breeze with 1-Carport and 2 Assigned Spaces, and additional guest parking. Located in a great area just minutes to Palm Springs International Airport, downtown Palm Springs, Casinos, Golf Courses, Shopping, and Dining options! Make this home your perfect seasonal vacation home, or your primary residence today!

MLS# 219108240 | Listed at $325,000 | Details, photos, virtual & video tour & floor plan at: http://www.viewlisting.info/120214

THE BRIGGS GROUP | COLDWELL BANKERLaurie Briggs – DRE 01896117 | Tim Briggs – DRE 01898254 | Amy Baxa - DRE 02059963 | Coldwell Banker – DRE 00616212

Posted in Our Listings
March 7, 2024

Coming Soon: Indulge In Luxurious Desert Living With A Resort-Like Backyard

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

The ultimate backyard entertaining home. Indulge in luxurious desert living with this exquisite property boasting a large 10,454 sq ft lot with a highly desirable south facing backyard pool area and numerous upgrades. The open floorplan seamlessly blends indoor and outdoor living spaces. The main living areas feature a Versaille lay neutral travertine tile; bedrooms, den, and casita feature plush designer carpeting. This house is easily maintained with a built-in vacuum system. The gourmet kitchen showcases granite tile counters, custom maple cabinetry, and designer lighting. The great room, complete with a wet bar and fireplace, seamlessly connects to the south facing outdoor backyard oasis. Primary bedroom suite, guest quarters, 4th bedroom which is currently used as a den, laundry room, and powder room complete the interior layout. The extended covered patio, equipped with a sound system, TV, specialty lighting and professional grade heaters, overlooks the pool and spa, with a large outdoor kitchen-bar area. Guests will love the privacy of the detached front courtyard casita with its en-suite bathroom and kitchenette. This home is turnkey furnished with leased solar system for added value. Don't miss this truly exceptional find! 

NOTE: PROFESSIONAL PHOTOS, VIDEO, VIRTUAL TOUR, & FLOOR PLAN COMING MARCH 9TH. CURRENT PHOTOS ARE FROM A PREVIOUS LISTING IN 2016. 

Features Of This Home At A Glance:

  • Beautiful North Palm Desert Home
  • 2,512 Sq Ft | 4 Bedrooms | 4 Bathrooms | 10,454 Sq Ft Lot
  • Open Floor Plan With Versaille-Lay Travertine Tile Floors In Main Living Areas
  • Detached Casita With En-Suite Bathroom & Kitchenette
  • South Facing Resort-Like Backyard
  • Backyard Covered Patio With Commercial Grade Heaters, Sound System, Outdoor TV
  • Large Outdoor Kitchen With BBQ, Fridge, Sink
  • Offered Turnkey Furnished With Leased Solar System

MLS# 219107977 | Listed at $975,000 | Details, photos, video & virtual tours and floor plan at: http://www.74129chinook.com

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs – DRE 01896117 | Tim Briggs – DRE 01898254 | Amy Baxa - DRE 02059963 | Coldwell Banker – DRE 00616212

Posted in Our Listings
March 1, 2024

Beautifully Updated Palm Valley Country Club Golf Course Condo | New Price & Open House

Views & Style Combined In This Beautifully Updated Palm Valley Country Club Golf Course Condo | New Price & Open House March 2nd & 3rd from Noon to 3PM | 38393 Crocus Lane, Palm Desert 

Views & style! Beautifully updated golf course condo. Trifecta views; Championship course, mountain & tranquility pond views from the family room, primary bedroom and west facing back patio. This 1,330 sq ft, 2 bed, 2 bath Jacaranda model features front courtyard and rear patios. Rich cabinetry with plenty of built ins. Newer high efficiency A/C, Newer roof, smooth ceilings, freshly painted with a coordinating custom fireplace, slab granite kitchen counters with outdoor access for easy Al Fresco dining. Baths redone with granite counters. Proudly entertain on the picturesque interlocking brick on pond-side patio. Sold turnkey furnished, subject to some minor exclusions. Palm Valley Country Club is a guard gated community with the look and feel of a vacation resort. The community's private golf club includes 2 Ted Robinson designed golf courses and 100,000 sq ft clubhouse with bar, lounge and restaurant, fitness center, spa, resort style pool area, proshops, practice facilities, 13 tennis courts and 12 pickleball courts. There are also 46 community pools and spas. Excellent primary, part-time or vacation rental property. Short term rentals are allowed in Palm Valley Country Club; ''The Fun Club for All ages.'' 

MLS# 219103890 | Now listed at $530,000 | Details, photos, virtual tour & floor plan at: http://viewlisting.info/118332 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs - DRE 01896117 | Tim Briggs - DRE 01898254 | Amy Baxa – DRE 02059963 | Coldwell Banker - DRE 00616212

Posted in Our Listings
Feb. 28, 2024

Limited Passes To 2024 Stagecoach Music Festival On Sale March 1 at 11AM PT

Another chance to buy passes (GA and Corral Standing Pit) to Stagecoach 2024 starts on March 1st at 11AM PT. Stagecoach 2024 runs from April 26th to April 28th at the Empire Polo Club in Indio. The headliner on Friday April 26th is Eric Church, with earlier concerts by Jelly Roll, Elle King, Dwight Yoakam, Carin León, Paul Cauthen and many more. Saturday’s headliner is Miranda Lambert, with earlier concerts by Post Malone (performing a special set of country covers), Willie Nelson (and family), Leon Bridges, Ernest, Charley Crockett to name a few. The Sunday night headliner is Morgan Wallen, with earlier concerts by Hardy, Bailey Zimmerman, The Beach Boys, Megan Moroney, Clint Black and many others.

For more information and passes, please visit the official website at: https://www.stagecoachfestival.com/

The Briggs Group | Coldwell Banker || Laurie Briggs – DRE# 01896117 | Tim Briggs – DRE# 01898254 | Amy Baxa – DRE# 02059963 | Coldwell Banker – DRE# 00616212

Feb. 27, 2024

March 2024 Coachella Valley Calendar Of Events

If you’re looking for some fun things to see and do here in the Coachella Valley in March, our fun loving colleagues, Catherine, Dawn and Valori, at First American Title have some suggestions below: 

The Gardens on El Paseo Concert Series | Mar. 2 & 9 - See website for schedule | 73545 El Paseo, Palm Desert

For over two decades, this concert series has brought together music and giving to unite the community, raising more than $1 million for those in need. March 2’s concert features Always Tina (Tina Turner Tribute Band), benefitting Voices for Children, and March 9th’s concert features Paperback Writer (Beatles Tribute Band), benefitting Family YMCA. For more information: 760-862-1990 | www.thegardensonelpaseo.com

La Quinta Art Celebration Spring | Feb. 29-Mar. 3 from 10am-5pm | Civic Center Park

Award-winning fine art and crafts event featuring 200 jury-selected premier artists from 35 states and six countries! Live music daily as well as exquisite food and beverages. For more information: 760-628-7770 | www.laquintaartcelebration.org

El Paseo Cruise Night | Mar. 1 & 15 from 2-5pm | Palm Desert Chamber of Commerce

Begin arriving with your car on the upper west level of The Gardens on El Paseo at 2pm. If you don’t own a car to Cruise with, come and view the cars and meet the owners. At 4:00pm we will have a few announcements and introduce our Guest MC for the evening. Then at 4:15pm – time to Cruise! For more information: 760-346-8965 | www.elpaseocruisenight.com

Coachella Valley Wildflower Festival | Mar. 2 from 9am-4pm | Palm Desert Civic Center Park

Featuring skilled local artisans, shopping and information booths, enchanting wildflower displays, an exciting raffle, fun times and live music the 1st Saturday in March. Our huge interactive Kids’ Zone and “Naturally Inspired” youth art contest brings families from all over Coachella Valley. Local food trucks and beverage concessions will be available along with a beer and wine garden for adults. For more information: 760-568-9918 | www.desertmountains.org

Fash Bash: Hollywood Icons Fashion Show | Mar. 2 from 6-10pm | Palm Springs Art Museum

Sexy and stylish return to rival the museum’s collections for an unforgettable night of fun and fashion as Palm Springs Art Museum struts high and haute-y. View couture masterpieces from world-famous and celebrity designers, and mingle with designers and models at a cocktail after-party. For more information: 760-322-4800 | www.psmuseum.org

Indio Rotary Festival of Local Creatives | Mar. 2 from 10m-3pm | Downtown Indio

Art Festival of local Coachella Valley creative artists of all kinds- students, amateurs, & professionals, who will be showcasing, demonstrating and selling their work. There will be local entertainment, kids' activities & food. The Indio Rotary Club uses all proceeds to benefit the Community. For more information: www.indiorotary.org/festival.php

BNP Paribas Open | Mar. 3 -17 | Tennis Paradise (Indian Wells Tennis Garden)

Witness rising talents from around the world compete for a coveted spot in the main draw, as well as a full state of practice sessions by the biggest stars on the ATP and WTA Tours throughout the grounds and main stadiums. TheBNP Paribas is the best-attended tennis tournament outside the four Grand Slam Tournaments (475,372 in total attendance during the 2019 event); it is often called the "fifth Grand Slam" in reference to this.[2] The Indian Wells Tennis Garden has the second-largest permanent tennis stadium in the world, behind the US Open's Arthur Ashe Stadium in New York). For more information: https://bnpparibasopen.com/

Rock the Park Tribute Band Series | Mar. 6 at 7pm | Palm Springs Downtown Park

Tonight's band is AbbaFab-a Tribute to Abba. Bring your lawn chairs and blankets and enjoy live entertainment in our beautiful new downtown park. Co-Producer James Elliott Entertainment has more than 20 years of experience in the music industry. His company books acts at several casinos, and currently provides tribute bands to the Lake Arrowhead Concert Series. For more information: 760-325-1577 | www.pschamber.org

Palm Springs Speaks presents Billy Dee Williams | Mar. 7 at 7:30pm | Palm Springs Cultural Center

Billy Dee Williams is a heralded actor and legendary entertainer. Williams’ memoir, What Have We Here? was published in February 2024 and will be given to VIP attendees and available for sale at the event. VIP attendees will be the only attendees able to get their books signed. For more information: 760-325-6565 | www.psculturalcenter.org

Palm Springs celebrates Peggy Lee | Mar. 8 at 7pm | Palm Springs Art Museum

To celebrate legendary music Icon Peggy Lee getting a star on the Palm Springs Walk of Stars, music enthusiasts and fans of the entertainer will have a unique opportunity to delve into the life and legacy of the legendary singer in an engaging illustrated Q&A session, featuring rare stories, videos, and musical performances, all benefiting Palm Springs Art Museum. For more information: 760-322-4800 | https://www.psmuseum.org/events/peggy-lee?date=2024-03-08

Mission LQ: Rocket Launch | Mar. 9 from 8-10am | Monticello Park, La Quinta

Mission LQ is a launchpad for beginners to seasoned rocketeers to learn, model, and launch small power rockets. There will be instruction from La Quinta Rocketry Club leaders to provide a safe and controlled environment. Get ready to launch your rocket into the La Quinta skies! For more information: 760-777-7093 | www.playinlaquinta.com

Luck Be a Lady Annual Gala | Mar. 9 from 5-10pm | Margaritaville Resort Palm Springs

The L-Fund: Empowering Lesbians Through Philanthropy. We are a compassionate philanthropic group that provides financial assistance to cis-lesbians / trans-lesbians in crisis, assists with grants for education, the arts, and health & wellness. For more information: 760-304-8487 | https://l-fund.org

Palm Springs Art Festival | Mar. 9-10 from 10am-4pm | Frances Stevens Park

West Coast Artists' shows are distinguished by scope of diversity and the wide variety of fine art. Presented are innovative works in differing styles of contemporary, traditional, modern, and southwest art for the discriminating individual or corporate collector. Hundreds of talented artists are proud to present their unique work in acrylic, collage, etchings, mixed media, oils, pencil, watercolors, digital and traditional photography. For more information: www.westcoastartists.com/events

Art on Main Street | Mar. 9 & 23 from 10am-4pm | Old Town La Quinta

Features over 80 artists each season. Meet local artists selling their paintings, jewelry, mixed media, photography, textiles, glass, and more. Celebrate the arts amidst Main Street’s charming cafes and boutiques. The perfect way to spend the day in Old Town! For more information: www.oldtownlaquinta.com

“Hollywood’s Biggest Night” Party benefiting AAP – Food Samaritans | Mar. 10 from 3:30pm | Trio Palm Springs

The glittering evening will include TRIO’s signature ‘orange carpet’ arrivals featuring Meteorologist and “Eye on the Desert” host Patrick Evans and dynamic hostess and local celebrity, Bella da Ball. The Oscars® pre-show and awards presentations will be viewed on special screens throughout Trio’s bar and restaurant areas. For more information: www.aidsassistance.org

Taste of Indio | Mar. 14 from 4-7pm | Coachella Valley History Museum

Indulge in the exquisite offerings from restaurants across Indio and enjoy an evening filled with entertainment, culinary samplings, a museum tour, and a cash bar. Secure your spot with advance admission priced at $25 per person or join us at the door for $30. For more information: www.gcvcc.org

Fashion Week El Paseo | Mar. 15-21 | The Gardens on El Paseo, Palm Desert

Celebrate 17 years of style at the West Coast’s largest consumer fashion show, Fashion Week El Paseo, to be held March 15-21, 2024, at The Gardens on El Paseo in Palm Desert. This world-class event provides an inspiring, immersive fashion experience and features cocktail receptions, pop-up shops, celebrity meet-and-greets, and much more. Highlighting fashion trends and showcasing a who’s-who of the country’s top design talents (including some stars of tomorrow), Fashion Week El Paseo takes one of the world’s most relatable art forms and brings it to you in style. For more information: https://fashionweekelpaseo.com/

Desert Mountains Art Fair | Mar. 16 from 9am-3:30pm / Santa Rosa & San Jacinto Mtns Nat'l Monument Visitor Ctr

Mediums may include photography, paintings, ceramics, hand painted silks, and more. Support local artists and find beautiful and unique gifts and desert mementos, all while enjoying the beauty of our desert mountains! For more information: 760-862-9984 | www.desertmountains.org

Spring CUE 2024 | Mar. 21-23 | Palm Springs Convention Center

Educators will unite to ignite inspiration, foster connections, and explore cutting-edge teaching techniques and educational technology for their classrooms. For more information: 925-478-3460 | https://cue.org/events/30793

Palm Desert Food and Wine | Mar. 21-24 | The Gardens on El Paseo, Palm Desert

Features a diverse selection of mouth-watering eats, premium wines, hands-on cooking demonstrations by celebrity chefs, and much more. This annual gastronomic event is the most celebrated cuisine and beverage festival in Greater Palm Springs and will feature a roster of the nation’s top chefs, vintners, and brewmasters. For more information: www.palmdesertfoodandwine.com

American Documentary & Animation Film Festival | Mar. 21-25 | Camelot Theatres at Palm Springs Cultural Center

AmDocs has been recognized internationally as an important venue for filmmakers, being named by MovieMaker Magazine as one of the five coolest documentary film festivals in the world and one of the Top 50 Film Festivals in the World Worth the Entry Fee for Filmmakers! For more information: 760-322-3689 | www.amdocfilmfest.com

ONE-PS Picnic & Community Expo | Mar. 23 from 11am-2pm | Ruth Hardy Park, Palm Springs

Pooch Parade & Costume Contest. Games, crafts, and youth hoops with prizes. Balloon rides. Exhibit and information booths. Best Neighborhood Booth Contest! For more information; www.one-ps.org/projectsevents.html

Aluminaire HouseTM Grand Opening | Mar. 23 from 1-4pm | Palm Springs Art Museum

You won’t want to miss the grand opening of the long-awaited installation of Albert Frey and A. Lawerence Kocher’s masterpiece of modernist design, Aluminaire HouseTM. For more information: www.psmuseum.org

Cars Under the Stars | Mar. 28 from 5-7:30pm | Desert Willow Golf Resort

Presented by El Paseo Cruise Night & Desert Willow Golf Resort. $70, reservations required. Classic car showcase, buffet dinner, and concert. For more information: www.elpaseocruisenight.com

First Wednesday Art Walk | Every 1st Wednesday from 5-7pm | 2652 Cherokee Way, Palm Springs

Backstreet is a unique community of artists’ working studios & galleries, and businesses that provides artistic services (reprographic, restorative and framing) in Palm Springs. We have an amazing assortment of art for all tastes and budgets. For more information: www.backstreetartdistrict.com

Southwest Food Fest | Every Friday from 5-9pm | 44175 Washington Street, Indian Wells

Dine with family and friends with good music, movies, and other activities on Friday nights at Coachella Valley's premier food truck event. Fore more information: 951-551-6233 | www.southwestfoodfest.org

Friday Nights on Pierson | Every Friday from 6-10pm | 66379 Pierson Blvd, Desert Hot Springs

Bring your friends, family, and appetites for an evening filled with delicious food, great company, a variety of vendors, and a fantastic atmosphere. For more information: www.cityofdhs.org

VillageFest | Every Thursday from 6-10pm | Palm Canyon Drive, Palm Springs

Downtown Palm Springs transforms into a diverse array of artists, artisans, entertainers, and purveyors of fresh fruits and veggies, flowers, jewelry, snacks and sweets. For more information: www.villagefest.org

The In-Flight Experience | Every Saturday from 5-7:30pm | PS Air Bar, Palm Springs

Great Music, Fine Food, Classy Cocktails, and First Class Service. Live music by Nouveau with Desera & Eddie. For more information; www.psairbar.com/events

The Lofts Art Walk | Every 2nd Saturday from 5-8pm | The Lofts Art District, Palm Springs

During the Art Walk, the district comes alive with energy and creativity. Visitors have the opportunity to explore the various galleries and studios, interact with artists, and view a wide array of artwork. For more information: www.facebook.com/p/The-Lofts-Arts-District-100085460859372

College of the Desert Street Fair | Every Saturday & Sunday from 8am-2pm | 43500 Monterey Ave., Palm Desert

With merchandise and services for all ages and any budget, the Street Fair offers more than 300 merchants, artists, a farmer’s market, live entertainment, gourmet food and more. For more information; http://codaastreetfair.com

First American Title Insurance Company and the operating divisions thereof, The Briggs Group and/or Coldwell Banker Realty 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

 

 

Feb. 15, 2024

OPEN HOUSE: Experience Desert Indoor/Outdoor Living At Its Best At Lake La Quinta | Sat. Feb. 17th

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

OPEN HOUSE: Experience Desert Indoor/Outdoor Living At Its Best At Lake La Quinta | Sat. Feb. 17th | From 1PM to 3PM | 47720 Via Florence, La Quinta

This very special home is located in the highly desirable, guard-gated Lake La Quinta community. This open floor plan home features a great room combining the kitchen, family/living room, wet bar and dining area.

Features Of This Home At A Glance:

  •        2,468 Sq Ft | 3 Bedrooms | 3 Bathrooms | 10,454 Sq Ft Lot
  •        Open Floor Plan Combining Kitchen With Living & Dining Rooms
  •        Tile Floors In Main Living Areas | Carpeted Bedrooms
  •        Offered Turnkey Furnished
  •        Newer HVAC Units
  •        Resort-Like Backyard With Pool, Spa & Waterfall
  •        Drywalled & Insulated Garage With Mini-Split Heater/Air Conditioner
  •        Lake La Quinta Is Centered Around A 25 Acre Man-Made Lake Offering Boating (Electric Party Boats, Kayaks, Canoes & Paddle Boats) & Fishing (Blue-Gill, Catfish & Bass)
  •        Lake La Quinta Offers A 3 Acre Community Park With Tennis, Pickleball & Bocce Ball Courts, Heated Community Pool, Barbeque/Picnic Area, Boat Docks & Boat Launch
  •        Close To Restaurants, Shopping, A Movie Theater & Much More

MLS# 219105276 | Listed at $895,000 | Details, photos, floor plan & video & virtual tours at: http://viewlisting.info/118727

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

Posted in Our Listings
Feb. 10, 2024

Just Sold: 42599 Capri Dr Bermuda Dunes

Congratulations Amy on helping Bill and Mackie find and purchase their desert dream home. Wishing for new beginnings and amazing memories for Bill and Mackie in their new home. 
The Briggs Group | Coldwell Banker
Amy Baxa - DRE 02059963 | Laurie Briggs - DRE 01896117 | Tim Briggs - DRE 01898254 | Coldwell Banker - DRE 00616212
Posted in Our Transactions
Feb. 10, 2024

Happy Lunar New Year 2024

Sending happiness your way in the Year of the Dragon. May the magic of the Lunar New Year be with you always.
THE BRIGGS GROUP | COLDWELL BANKER
Laurie Briggs - DRE 01896117
Tim Briggs - DRE 01898254
Amy Baxa - DRE 02059963
Coldwell Banker - DRE 00616212
Feb. 8, 2024

January 2024 Coachella Valley Residential Real Estate Market Update

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

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

COACHELLA VALLEY JANUARY HOME SALES RECOVERY: Home sales in the Coachella Valley in January were 28.6% below normal (with normal being the average of home sales in January of 2016, 2017, 2018 and 2019). This is an improvement from homes sales in December that were 32.5% below normal. Market Watch expressed hope that with lower inflation and mortgage rates, home sales might return to normal later this year.

COACHELLA VALLEY JANUARY DETACHED HOME MEDIAN PRICE: The median price of a detached home in the Coachella Valley in January was $660,000 (down 1.8% year-over-year from $672,450 in January 2023 and up $1,000 from $659,000 in December). Market Watch felt that the seasonal pattern of increasing home prices beginning in January has started in 2024. However, they cautioned that with inventory rising and home sales remaining low, supply and demand is beginning to slowly favor buyers.

COACHELLA VALLEY JANUARY ATTACHED HOME MEDIAN PRICE: The median price of an attached home in the Coachella Valley in January was $475,000 (up 9.2% year-over-year from $435,000 in January 2023 and up 3.2% from $460,000 in December). Market Watch felt that attached home median price seemed to be following the normal seasonal pattern and expected attached home prices to continue to increase for the next three or four months.

COACHELLA VALLEY JANUARY TWELVE MONTH CHANGE IN THE PRICE OF THE AVERAGE SIZE HOME BY CITY: Year-over-year changes in the price of the average size detached home by city ranged from an increase of 9% for the 3,450 sq ft average size detached home in Indian Wells to a decrease of -11% for the 2,500 sq ft average size detached home in Bermuda Dunes. Year-over-year changes in the price of the average size attached home by city ranged from an increase of 16.6% for the 1,950 sq ft average size attached home in Indian Wells to a decrease of -7.3% for the 1,450 average size attached home in Bermuda Dunes. The price of the average size attached home increased year-over-year in Indian Wells, Indio, Palm Springs and Rancho Mirage.

COACHELLA VALLEY JANUARY MONTHLY HOME SALES (THREE MONTH MOVING AVERAGE): The three-month average of home sales in the Coachella Valley in January was 510 home sales per month (up 17% from 436 homes sales per month in January 2023 and up 4.1% from 490 homes sales per month in December). Market Watch explained that because of seasonality, it's difficult to determine where Home sales stand on a historical basis. They added that the Sales Recovery Chart above showed that home sales are running 28.6% below historic norms but are improving.

COACHELLA VALLEY JANUARY MONTHLY HOME SALES (TWELVE MONTH MOVING AVERAGE): The 12-month average of home sales in the Coachella Valley in January, which removes seasonality from the home sales numbers, showed total sales were averaging 618 home sales per month. While this was an increase over the average of 606 homes sales per month in December, it was also decrease of -11% from 695 homes sales per month in January 2023. Market Watch expressed their opinion that the long-term average of sales was beginning to rise and that the worst for home sales was over. However, they also continue to believe that home sales will recover only when mortgage rates come down to the 5.5% to 6% range. Recent declines in inflation gave Market Watch hope this might have already started.

COACHELLA VALLEY JANUARY MONTHLY HOME SALES BY CITY: Every city except Cathedral City, Desert Hot Springs and Indian Wells had higher three-month average home sales year0over-year. The city with the largest year-over-year increase (percentage-wise) in monthly average home sales was Rancho Mirage (up 37% year-over-year), followed by Coachella (up 33% year-over-year) and then La Quinta (up 28% year-over-year).

COACHELLA VALLEY JANUARY MONTHLY HOME SALES BY PRICE RANGE: The largest home sales increases were in homes priced from $300k to $600k and in homes priced over one million dollars  (up e CO35% year-over-year). Market Watch explained that the increase in home sales priced over one million dollars stems from the fact that due to the home price increases over the last few years, more homes are now valued over a million dollars. Market Watch felt that the home sales by price range data showed that the housing market isn’t experiencing an imbalance in any price range.

COACHELLA VALLEY FEBRUARY 1ST HOME SALE INVENTORY: Coachella Valley home sale inventory on February 1st was 2,309 homes (up 14% from 2,025 homes on February 1st, 2023 and the highest it has been since mid 2020). Market Watch commented that while this is still 1,000 homes under what’s considered normal for this time of year, it's a distinct improvement. Market Watch hoped that the seasonal increase in inventory would continue for a few more months, possibly reaching 2,500 by March.

COACHELLA VALLEY FEBRUARY 1ST REGIONAL MONTHS OF SALES RATIO: On February 1st, the Coachella Valley’s months of sales ratio was 3.7 months, which is 0.8 months higher than on February 2023 and 0.2 months higher than on January 1st. Market Watch noted that this fundamental ratio, which measures supply and demand, is now back to a more normal level. They noted that lower inventory is offset by lower sales which keeps supply and demand in balance, meaning that currently there is no overbalancing force pushing prices either higher or lower.

COACHELLA VALLEY FEBRUARY 1ST MONTHS OF SALES RATIO BY PRICE RANGE:  Market Watch noted that the months of sales ratio on February 1st was higher for every price range than on February 1st, 2023. For homes priced over one million dollars, the months of sales ratio on February 1st was the highest for any price range at 5.4 months (up from 3.9 months on February 1st, 2023 but still historically less than normal).

COACHELLA VALLEY FEBRUARY 1ST MONTHS OF SALES RATIO BY CITY: Market Watch noted that in every Coachella Valley city other than Coachella, the months of sales ratio on February 1st was above 3 months and was higher than on February 1st, 2023. They did also note that a months of sales ratio of three to four months was considered normal. Further, they stated that this even distribution of months of sales ratios told them that supply and demand was pretty much balanced throughout the Coachella Valley.

COACHELLA VALLEY JANUARY REGIONAL DAYS IN THE MARKET: Market Watch felt that the median selling time in the Coachella Valley in January remained relatively stable at 40 days (same as in January 2023). Market Watch stated that they believe that the median selling time will remain around current levels for at least the next six months.

COACHELLA VALLEY JANUARY DAYS IN THE MARKET BY CITY FOR DETACHED & ATTACHED HOMES: Coachella continued to have the lowest median selling time for detached homes in the Coachella Valley in January at 26 days (down from 40 days in January 2023), followed by Desert Hot Springs at 30 days (Down from 35 days In January 2023) and Indian Wells at 36 days (down from 39 days in January 2023). Indio had the shortest average selling time for attached homes in the Coachella Valley in January at 23 days (down from 60 days in January 2023), followed by Desert Hot Springs at 35 days (up from 32 days in January 2023) and Palm Springs at 39 days (up from 34 days in January 2023).

COACHELLA VALLEY JANUARY PERCENTAGE OF HOMES SELLING OVER LIST PRICE: In January, the percentage of Coachella Valley homes selling over list price declined to 14.0% or one out of every seven sales (compared to 13.5% of homes selling over list price in January 2023). Market Watch continued to expect the percentage of homes selling over list price to remain around these levels.

COACHELLA VALLEY JANUARY AVERAGE SALES PRICE DISCOUNTS: In January, every Coachella Valley city had an average selling discount for detached homes, ranging from -1.4% in the Coachella to -4.8% in Bermuda Dunes. Average selling discounts for attached homes in the Coachella Valley in January ranged from 11.1% in Cathedral City to -5.3% in Bermuda Dunes. 

THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs - DRE# 01896117 | Tim Briggs – DRE# 01898254 | Amy Baxa – DRE 02059963 | Coldwell Banker Realty – DRE# 00616212

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

Posted in Market Updates
Feb. 7, 2024

Coming Soon: Pristine Updated 4 Bedroom 4 Bathroom La Quinta De Oro Pool Home Near Indian Wells Tennis Garden

Pristine Condition! 4 Bed Pool Home in the gated La Quinta Del Oro community.  Prime interior corner location.  This community is located directly across from Tennis Paradise (the World Famous Indian Wells Tennis Gardens).  Just minutes to shopping, dining, golf, tennis and medical care.  Low power costs due to being located within the Imperial Irrigation District (IID) Electric District is an added bonus. The kitchen is a gourmet delight, featuring updated cabinets, slab granite countertops and stainless steel appliances. Overlooking a large family room, it creates a cozy yet stylish space. The formal dining room and grand living room amplify the home's spacious and interconnected feel, resembling a large great room.  Each of the 4 bedrooms enjoys the luxury of an ensuite bath, ensuring comfort and convenience.  Easy transition from indoor to outdoor living. Being a corner lot, the backyard is very private and features Southern mountain views. The saltwater pool with waterfall and spa add a touch of luxury, making it an ideal spot for relaxation and entertainment.

Features Of This Home At A Glance:

  •         Pristine Updated La Quinta Del Oro Home
  •         2,898 Sq Ft | 4 Bedrooms | 4 Full Bathrooms | 9,583 Sq Ft Lot
  •         Updated Kitchen Cabinets, Stainless Steel Appliances & Stone Counter Tops
  •         Corner Lot With Stunning Mountain Views
  •         Family Room, Dining Room & Living Room With Gas Fireplace & Crown Molding
  •         Each Bedroom Has An En-Suite Bathroom
  •         Large Saltwater Pool, Spa & Waterfall
  •         Light & Bright Throughout
  •         Across Washington Street From The Indian Wells Tennis Garden (Tennis Paradise)

First Open House: Saturday February 10th from 1pm to 3pm at 44790 Via Catalina, La Quinta

MLS# 219106545 | Listed at $795,000 | Details, photos, floorplan & video & virtual tours at: http://www.44790viacatalina.com

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

Posted in Our Listings