WHEN: Sun. Feb. 4^th - From NOON to 2PM | WHERE: 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 | Amy Baxa – DRE 02059963 | Coldwell Banker – DRE 00616212

Open House: Experience Desert Indoor/Outdoor Living At Its Best At Lake La Quinta | Sun. Jan. 28^th| From 1PM to 3PM

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. The home has 18 inch tile floors in the main living areas, newer carpeting in the 3 bedrooms, plantation shutters and Hunter Douglas Silhouette window coverings, ceiling fans with lights throughout, newer HVAC units, stone counters and stone tile showers in the bathrooms, and upgraded cabinets and granite counters in the kitchen. The large resort-like backyard features a custom pool, spa and rock water fall. The home is offered turnkey furnished. Lake La Quinta is built around a central 25 acre man-made lake offering boating (electric party boats, kayaking, canoeing and paddle boats) and fishing (Blue-Gill, Catfish and Bass In addition, the community has a 3 acre community park with tennis courts, a community pool, a barbeque/picnic area, boat docks and a boat launch. And it’s just a short stroll to restaurants, shopping, a movie theater and 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 | Amy Baxa – DRE 02059963 | Coldwell Banker – DRE 00616212

Discover the epitome of desert living in this 4-bed, 4-bath home nestled in Amatista at Capri community in Palm Desert. Perfectly situated, it’s a short stroll to Ronald Reagan Elementary School and Freedom Park which offers a plethora of recreational options like pickleball, tennis, baseball, and basketball courts, along with a dog park for furry friends. Spanning 2,219 sq ft on an expansive 13,504 sq ft lot, this residence is a true oasis at the end of a quiet cul-de-sac. The property boasts a detached casita with a private entrance, ideal for guests or as a home office, complete with a full bathroom. The extended driveway enhances convenience and privacy. Experience the pinnacle of energy efficiency with owned Tesla solar panels and an EV charger, a nearly $50k investment, ensuring significant reductions in electricity bills. Additionally, the two battery walls guarantee uninterrupted power supply even during blackouts, offering peace of mind. Seize the opportunity to call this home yours, combining modern amenities, energy savings, and a prime location. Embrace the desert lifestyle in one of the valley's most coveted cities, Palm Desert! 

MLS# 219103271 | Now listed at $789,000 | Details, photos, virtual tour & floor plan at: http://www.113felice.com 

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

One extra day of play (or work) this month. To help you know what’s happening here in the Coachella Valley in February, here’s a list of just some of Coachella Valley’s February events, courtesy of our colleagues, Catherine, Dawn and Valori, over at First American Title:

“Paint the Desert” Plein Air Festival | Feb. 2-4 | The Galen, 72-567 CA-111, Palm Desert

See the amazing desert landscape paintings, some painted in the studio and some painted on location or “en Plein Air”, displayed at The Galen on three weekends in this 3rd annual installment of this event. If you love the scenery and where we live in the greater Palm Springs area, you will love these paintings! For more information: www.desertpleinair.org

The Gardens on El Paseo Concert Series | Jan. 20-Mar. 9 - See website for schedule | The Gardens on El Paseo, 73545 El Paseo, Palm Desert

This series has brought together music and giving to unite the community for over two decades. Since the concert’s inception, The Gardens has been able to help raise more than $1 Million for those in need. February’s lineup is as follows: Feb. 3 - Jumping Jack Flash (Rolling Stones Tribute) benefiting Pegasus Therapeutic Riding, Feb. 10 - Kenny Hale (as Neil Diamond), benefiting Children's Discovery Museum of the Desert, Feb. 17 - We Belong (Pat Benatar Tribute) benefiting Friends of the Desert Mountains and Feb. 24 - John Stanley King Band, benefitting Coachella Valley Volunteers In Medicine. Wine is included in the ticket price, with two options Cabernet and Chardonnay (which can also be found at Sottovoce Cafe after the show). Sprite, Coke, and Diet Coke will also be available as well as free water. For more information: 760-862-1990 | https://thegardensonelpaseo.com/pages/26th-annual-concert/

California Winter League Baseball Games | Jan. 25-Feb. 17 | Palm Springs Power Baseball: 1901 E. Baristo Road

The 2024 season will feature two games per day (10am & 12:30pm) 7 days per week starting January 25th going through February 17th. The championship game will be held on February 18th at 12pm. The California Winter League is the longest running professional showcase league of its kind. Since its inaugural season in 2010, the CWL has seen over 850 of its players sign professional contracts. Each year, it is the premier destination for free agent baseball players who are looking to be scouted and signed. For more information: 760-778-4487 | www.californiawinterleague.com

Palm Desert Senior Games and International Sports Festival | Jan. 30-Feb. 4 | Palm Desert Community Center, Civic Center Park

For more than 20 years, the Palm Desert Senior Games & International Sports Festival kicks off the California Senior Games competitions for the State. Each year we see athletes who register to compete from all over the United States and beyond. For more information: 760-568-9697 | https://www.myrecreationdistrict.com/class/2024-palm-desert-senior-games-international-sports-festival

Rancho Mirage Writers Festival | Jan. 31-Feb. 2 | Rancho Mirage Library and Observatory (Sold Out)

An annual celebration of writers, books, readers, and ideas! Writers will talk about their books, their source of ideas, and the mechanics of writing for publication. For more information: 760-341-7323 | www.rmwritersfest.org

Mid-Mod Tiki Luau | Feb. 2 from 5-7pm | Desert Art Center, 550 N Palm Canyon Drive, Palm Springs

Don your Hawaiian shirt and join in as this annually anticipated Mid-Mod Show kicks off with a reception on the back lawn. Members have been challenged to create their most interesting modernist spin for this show. For more information: 760-323-7973 | https://www.desertartcenter.org/about/calendar/

Palm Springs Pinot Noir Festival | Feb. 2-3 | Westin Rancho Mirage Golf Resort & Spa

“A Passion 4 Pinot” is the premier event on the international wine calendar. Hosted in one of the world’s most dramatic and awe-inspiring Hotels, this is a unique opportunity to engage with 70 of the top winery owners and winemakers and other leading wine personalities and enthusiasts from all over California. For more information: www.palmspringspinotfest.com

Taste of Jalisco | Feb. 2-4 | Downtown Cathedral City

This annual celebration honors the 27-year sister city relationship between Cathedral City and Tequila, Jalisco (Mexico) through culture, cuisine, music, and fashion. The weekend includes a family-friendly carnival which has doubled in size from previous years, artisan craft vendor market, tequila tastings with a tequila tasting competition, plus authentic Mexican cuisine and a Sunday car show. Daily ntertainment at the Jalisco Community Stage will feature local and regional musical groups and acts celebrating Mexican art and culture. For more information: www.tasteofjalisco.com

El Paseo Cruise Night | Feb. 2 & 9 from 2-5pm | Desert Chamber of Commerce, 72559 Hwy 111, Palm Desert

Begin arriving with your car at the Desert Chamber of Commerce on Hwy 111 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 El Paseo! For more information: 760-346-8965 | www.elpaseocruisenight.com

Emergency Preparedness Community Workshop | Feb. 3 from 10-11am | Agua Caliente Elementary School, Cathedral City

All attendees receive basic knowledge on how to prepare for major emergencies. There is no cost for this workshop. The first 25 people who show up will receive an emergency preparedness kit. For more information: 760-770-8200 | www.cathedralcityfire.org

Art on Main Street| Feb. 3 & 17 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: 760-600-0758 | www.oldtownlaquinta.com

First Wednesday Art Walk | Feb. 7 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 original art for all tastes and budgets – paintings, ceramics, photography, mixed media, jewelry, lithography and more by locally, regionally and nationally recognized artists. For more information: www.backstreetartdistrict.com

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

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. February’s concert is Last Train To Memphis: A Tribute To Cash, Killer & the King!. For more information: www.pschamber.org

Desert Town Hall - David Pogue | Feb. 8 from 5-9pm | Renaissance Esmeralda Resort & Spa, Indian Wells

David Pogue was the New York Times weekly tech columnist from 2000 to 2013. He’s a six-time Emmy winner for his stories on CBS Sunday Morning, a New York Times bestselling author, a five-time TED speaker, host of 20 NOVA science specials on PBS, and creator/host of the CBS News/Simon & Schuster podcast Unsung Science. For more information: 760-610-2852 | www.deserttownhall.org

Intersect Palm Springs | Feb. 8-11 | Palm Springs Convention Center

Intersect Palm Springs (formerly Art Palm Springs) is an art and design fair that brings together a dynamic mix of modern and contemporary galleries, and is activated by timely and original programming. For more information: www.intersectpalmsprings.com

Tour de Palm Springs | Feb. 9-10

Every year, we entertain up to 10,000 cyclists from 46 different states and 4 countries. Since 1998, and with the help of 2,000 volunteers, the Tour de Palm Springs has distributed nearly $4M to over 150 local nonprofit organizations. For more information: 760-674-4700 | www.tourdepalmsprings.com

La Quinta Concerts in the Park | Feb. 10 from 6:30-8:30pm | SilverRock Park

A fun, unforgettable musical performance you won’t want to miss! February’s performer is To Be Announced. There will be food truck vendors on site, however attendees are welcome to bring low back chairs, blankets, food, and non-alcoholic beverages. For more information: 760-777-7000 | https://fb.watch/pFkzKu8-0-/

National Gay Pilot’s Association Palm Springs Winter Warm-Up | Feb. 15-18 - See website for schedule

The Winter Warm-Up presented by American Airlines is the NGPA’s flagship West Coast event, which is held at the beginning of the year and is by far our largest yearly gathering. Warm weather, a uniquely Southwest landscape, and miles of blue skies make Palm Springs, CA the perfect spot for a mid-winter fly-in. For more information: www.ngpa.org

Modernism Week | Feb. 15-25

Modernism Week’s annual 11-day festival will feature more than 350  events including the Palm Springs Modernism Show, CAMP (Community and Meeting Place), tours of iconic homes in more than 30 neighborhoods, and the popular Signature Home Tour on both weekends. Also offered are architectural walking, biking and double-decker bus tours, tours of the historic Annenberg Estate at Sunnylands, a classic car show, garden tours, a 2-day vintage trailer show, nightly parties, and a special series of compelling and informative talks at the Annenberg Theater and at the Modernism Week Theater at CAMP. For more information: www.modernismweek.com

Palm Springs Modernism Show | Feb. 16-19 | Palm Springs Convention Center

Will feature 125 premier national and international dealers offering the best of midcentury and Modern Design. Collectors will be able to purchase from an impressive diversity of collections which includes furniture and decorative arts represented by the 20th century and now includes cutting-edge contemporary 21st century designs for the home. For more information: www.palmspringsmodernism.com

Riverside County Fair & National Date Festival | Feb. 16-25 | Riverside County Fairgrounds, Indio

The fair started as a celebration for the end of the annual date harvest in the Coachella Valley. The event today remains true to those agricultural roots with livestock exhibits and cooking demonstrations featuring dates. Other fair favorites ranging from fine art exhibitions to monster truck rallies, and musical entertainment to carnival rides add to the appeal of this diverse county fair. For more information: www.datefest.org

Desert Winds Jazz Band Concert & Gala Fundraiser | Feb. 18 from 11am-1:30pm | Agua Caliente Casino Palm Springs

Join us at the Cascade Lounge for a lovely brunch, a silent auction, and the cool music of our Jazz Band’s concert ‘Dream’n’. For more information: 760-413-8711 | www.desertwindsfb.org

McCormick’s Classic Car Auction & Show | Feb. 23-25- See website for schedule | Palm Springs Convention Center

McCormick’s produces 2 large Classic Car Auctions per year here in Palm Springs. The auctions are open to the general public and dealers are also welcome. Each event features over 500 Classic & Exotic cars. For more information: www.classic-carauction.com

La Quinta Hot Rod & Custom Car Show | Feb. 24 from 10am-3pm | La Quinta Community Park

Entertainment, food, drinks and a beer garden will be available at this family friendly event. The vehicles will meander through the spacious grounds of the park, allowing viewers to take their time and comfortably enjoy each vehicle on display. This year the show will be recognizing several prize-winning categories, including Best Street Rod, Best Classic, Best Muscle Car, Best Sports Car, and more. For more information: 760-347-0676 | www.lqcarshow.com

Black History Parade & Town Fair | Feb. 24 from 11am-6pm | Palm Canyon Drive, Palm Springs

In celebration of Black History Month, the Palm Springs Black History Committee and the City of Palm Springs James O. Jessie Desert Highland Unity Center will host the “37th Annual City of Palm Springs Black History Month Parade and Town Fair.” Immediately following the Parade, the Town Fair is held at the New Downtown Park in Palm Springs across the street from the Palm Springs Art Museum. For more information: 760-416-5716 | www.palmspringsblackhistory.org

Rammys Business Awards and Installation Dinner | Feb. 28 from 5-8:30pm | Omni Rancho Las Palmas Resort, Rancho Mirage

The Annual Rammys Outstanding  Awards & Installation Dinner celebrates local businesses with a beautiful awards ceremony and introduces the incoming Rancho Mirage Chamber of Commerce Board of Directors. For more information: 760-568-9351 | www.ranchomiragechamber.org

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: www.laquintaartcelebration.org

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

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

Discover the epitome of desert living in this 4-bed, 4-bath home nestled in Amatista at Capri community in Palm Desert. Perfectly situated, it’s a short stroll to Ronald Reagan Elementary School and Freedom Park which offers a plethora of recreational options like pickleball, tennis, baseball, and basketball courts, along with a dog park for furry friends. 

Features Of This Home At A Glance:

•         Embrace Desert Living At This Amatista At Capri Palm Desert Home
•         2,219 Sq Ft | 4 Bedrooms | 4 Bathrooms
•         Spacious 13,504 Sq Ft Lot At End Of Cul De Sac
•         Large Pool & Spa With Waterfall
•         Detached Casita With Private Entrance & En-Suite Bathroom
•         Home Combines Modern Amenities, Energy Savings With A Prime Location
•         Owned Tesla Solar Panels, 2 Battery Walls & EV Charger (A Nearly $50K Investment)
•         Close To Ronald Reagan Elementary School & Freedom Park With Pickleball, Tennis & Basketball Courts, Baseball Diamonds & A Dog Park

MLS# 219103271 | Listed at $799,000 | Details, photos, virtual tour & floor plan at: http://www.113felice.com

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

Goldenvoice, the organization behind the Coachella Valley Music And Arts Festival, has just announced that Lana Del Rey (Friday April 12^th & 19^th), Tyler, the Creator (April 13^th & 20^th) and Doja Cat (Sunday April 14^th & 21^st) will headline the Coachella 2024 festival. The 23rd edition of the festival returns to the Empire Polo Grounds in Indio, California, on the weekends of April 12^th to 14^th and April 19^th to 21^st. In addition, another Pass Presale for the event will start Friday January 19^th at 11 am Pacific Time. 

Big news is that No Doubt (fronted by Gwen Stefani) will reunite on stage for the first time in nearly a decade. Other performers appearing on Friday April 12^th & 19^th include  Peso Pluma, Lil Uzi Vert, Justice, Bizarrap, Deftones, ATEEZ, Everything Always, Peggy Gou and Young Miko. Saturday April 13^th & 20^th, performers include Blur, Ice Spice, Gesaffelstein, Sublime, Jungle, Dom Dolla, Bleachers, Grimes, Jon Batiste, LE SSERAFIM and many more. And on Sunday April 14th & 21st, acts include J Balvin, Jhené Aiko, Khruangbin, Carin León, Anyma, John Summit, Lil Yachty, DJ Snake, LUDMILLA, the Rose and more. 

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

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. The home has 18 inch tile floors in the main living areas, newer carpeting in the 3 bedrooms, plantation shutters and Hunter Douglas Silhouette window coverings, ceiling fans with lights throughout, newer HVAC units, stone counters and stone tile showers in the bathrooms, and upgraded cabinets and granite counters in the kitchen. The large resort-like backyard features a custom pool, spa and rock water fall. The home is offered turnkey furnished. Lake La Quinta is built around a central 25 acre man-made lake offering boating (electric party boats, kayaking, canoeing and paddle boats) and fishing (Blue-Gill, Catfish and Bass In addition, the community has a 3 acre community park with tennis courts, a community pool, a barbeque/picnic area, boat docks and a boat launch. And it’s just a short stroll to restaurants, shopping, a movie theater and much more.

Features Of This Home At A Glance:

•         Located In The Desirable, Guard-Gated Lake La Quinta Community
•         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 Pool, Spa & Waterfall 
•         Drywalled & Insulated Garage With Mini-Split Heater/Air Conditioner
•         Lake La Quinta Offers A 25 Acre Man-Made Lake & 3 Acre Community Park

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

OPEN HOUSE: Saturday January 13^th from Noon to 2:00 PM | 113 Felice Ct, Palm Desert (Amatista At Capri) 

Discover the epitome of desert living in this 4-bed, 4-bath home nestled in Amatista at Capri community in Palm Desert. Perfectly situated, it’s a short stroll to Ronald Reagan Elementary School and Freedom Park which offers a plethora of recreational options like pickleball, tennis, baseball, and basketball courts, along with a dog park for furry friends. Spanning 2,219 sq ft on an expansive 13,504 sq ft lot, this residence is a true oasis at the end of a quiet cul-de-sac. The property boasts a detached casita with a private entrance, ideal for guests or as a home office, complete with a full bathroom. The extended driveway enhances convenience and privacy. Experience the pinnacle of energy efficiency with owned Tesla solar panels and an EV charger, a nearly $50k investment, ensuring significant reductions in electricity bills. Additionally, the two battery walls guarantee uninterrupted power supply even during blackouts, offering peace of mind. Seize the opportunity to call this home yours, combining modern amenities, energy savings, and a prime location. Embrace the desert lifestyle in one of the valley's most coveted cities, Palm Desert!

MLS# 219103271 | Listed at $799,000 | Details, photos, virtual tour & floor plan at: http://www.113felice.com

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

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 December 2023 Desert Housing Report. Some of the highlights:

COACHELLA VALLEY DECEMBER SALES RECOVERY: In looking at the past year, in January 2023 Coachella Valley home sales were running at 34.7% below normal (with the norm calculated over the years 2016, 2017, 2018 and 2019). Coachella Valley home sales improved over the first half of 2023 and in May were 21.4% below normal. Home sales then declined over the second part of the year and in December, Coachella Valley home sales were 31.4% below normal. Market Watch felt that home sales were depressed because of the lack of supply at affordable price points due to high interest rates. With lower mortgage rates, Market Watch expected home sales to begin to increase soon.

COACHELLA VALLEY DECEMBER DETACHED HOME MEDIAN PRICE: The median price of a detached home in the Coachella Valley ended the year at $659,000 (up 3.8% from $635,000 in November and up 3% from $640,000 in December 2022). Market Watch stated that home prices often begin to rise in December and that they feel that this seasonal pattern will continue in 2024. Market Watch cautioned that with inventory rising and home sales remaining low, supply and demand is beginning to slowly favor buyers.

COACHELLA VALLEY DECEMBER ATTACHED HOME MEDIAN PRICE: The median price of an attached home in the Coachella Valley ended the year at $460,000 (up 0.7 % from $457,000 in November and up 3.4% from $445,000 in December 2022). Market Watch felt that attached home median prices seemed to be following the normal seasonal pattern therefore they felt that attached home median prices should continue to increase over the next three or four months.

COACHELLA VALLEY DECEMBER TWELVE MONTH CHANGE IN THE PRICE OF THE AVERAGE SIZE HOME BY CITY: There was a wide range in year-over-year changes in detached home prices, ranging from an increase of 7.8% in the price for the average size 2,175 sq ft detached home in Palm Springs to a decrease of 10.4% in the price for the average size 2,500 sq ft detached home in Bermuda Dunes. Similarly, there was a wide range in year-over-year changes in attached home prices, ranging from an increase of 18.8% for the 1,950 sq ft average size home in Indian Wells to a decrease of 8.9% for the 750 sq ft average size attached home in Desert Hot Springs. Year-over-year, the price of the average size attached home increased in Indian Wells, Indio, Rancho Mirage, Cathedral City, Palm Springs and Palm Desert.

COACHELLA VALLEY DECEMBER MONTHLY HOME SALES – 3 MONTH TRAILING AVERAGE:. Market Watch expressed their opinion that Coachella Valley home sales seem to have stabilized (albeit at a lower level than in the past). The three-month average of Coachella Valley detached and attached home sales was 490 homes per month in December (up 22 homes per month or 4.7% from 468 homes per month in December 2022). Market Watch noted that this is the first increase in average monthly home sales in over two years. However, Market Watch cautioned that average home sales in December were still 32.5% below historic norms.

COACHELLA VALLEY DECEMBER MONTHLY HOME SALES – 12 MONTH TRAILING AVERAGE: The 12-month average of Coachella Valley December home sales was 606 total home sales per month (down 17% from 728 home sales in December 2022). Market Watch pointed out that flattening in long-term average monthly home sales, shows the worst of the decline in long term average monthly home sales may be over. However, Market Watch felt that home sales will only recover once mortgage rates come down to 5.5% from their current high level.

COACHELLA VALLEY DECEMBER HOME SALES BY CITY: December home sales increased year-over-year in every Coachella Valley city, other than Cathedral City, Desert Hot Springs and Indian Wells. The largest percentage increase in December monthly home sales was in Coachella, where monthly homes sales were up 44% year-over-year, followed by Rancho Mirage where December monthly home sales were up 20% year-over-year, then La Quinta where December monthly home sales were up 13% year-over-year.

COACHELLA VALLEY DECEMBER HOME SALES BY PRICE RANGE: Market Watch felt that this data showed that December monthly home sales in the Coachella Valley were generally about the same as a year ago in all price ranges. Further, they felt that this showed that the Coachella Valley housing market was not experiencing an imbalance in any price range and that the high end of the market was performing about the same as the low end of the market. December sales of homes priced over one million dollars were up 21.5% year-over-year. Market Watch pointed out that this increase in homes sales was due to the fact that with the increase in home prices over the last few years, more homes are now valued over one million dollars. 

COACHELLA VALLEY JANUARY 1^ST HOME SALE INVENTORY: The Coachella Valley home sale inventory was 2,093 homes on January 1^st (down 167 homes from 2,260 homes on December 1st and up 182 homes from 1,911 homes on January 1^st, 2023). Market Watch explained that for technical reasons, a year end decline in home sale inventory like this was common. While the January 1^st home sale inventory was near the highest levels of the last four years, Market Watch noted that it was still 1,000 homes less than what’s considered normal for this time of year. Market Watch hoped that the seasonal increase in home sale inventory will continue for a few more months, possibly reaching 2,500 homes.

COACHELLA VALLEY JANUARY 1^st MONTHS OF SALES RATIO: On January 1 st, the Coachella Valley’s “months of sales” ratio was 3.5 months (0.9 months higher than on January 1^st, 2023). Market Watch felt that this fundamental months of sale ratio (which measures supply and demand), was now back to a more normal level. The noted that lower inventory is offset by lower sales, which has been keeping supply and demand in balance so that there was no overbalancing force pushing home prices either higher or lower.

COACHELLA VALLEY JANUARY 1^st MONTHS OF SALES RATIOS BY PRICE RANGE: The months of sales ratios by price range were all higher than on January 1^st, 2023 in every price range. In addition, Market Watch noted the normal pattern of higher months of sales ratios for higher priced homes. The ratio of homes priced over a million dollars was 4.9 months, which Market Warch noted was historically less than normal.

COACHELLA VALLEY JANUARY 1^st MONTHS OF SALES RATIOS BY CITY: The January 1^st months of sales ratios were higher than on January 1^st, 2023 in every Coachella Valley city. In addition, the months of sale ratios were over three months in every Coachella Valley city other than Coachella and Indio. Market Watch noted that a months of sales ratio of three to four months was considered normal and that the even distribution of months of sales ratios implies that supply and demand is pretty much balanced throughout the region.

COACHELLA VALLEY DECEMBER DAYS IN THE MARKET: The median selling time in the Coachella Valley was 35 days in December (compared to 36 days in both November and December 2022). Market Watch believes that the median selling time in the Coachella Valley will remain around current levels for at least the next six months.

COACHELLA VALLEY DECEMBER DAYS IN THE MARKET BY CITY: In December, Coachella continued to have the shortest median selling time for detached homes at 21 days, followed by Desert Hot Springs at 28 days and Indian Wells at 30 days. In December, Indio had the shortest average selling time for attached homes at 21 days, followed by Desert Hot Springs at 27 days and Palm Springs at 29 days.

COACHELLA VALLEY DECEMBER PERCENTAGE OF HOMES SELLING ABOVE LIST: In December, 15.1% of home sales in the Coachella Valley were above list price (compared to 15.8% in December 2022). Market Watch expects the percentage of homes selling at a premium to remain around 16%, which is one out of every six sales.

COACHELLA VALLEY DECEMBER AVERAGE PRICE DISCOUNTS BY CITY: In December, every Coachella Valley city had an average selling discount for detached homes, ranging from -1.1% in Coachella to -5.3% in Bermuda Dunes. In December, average selling discounts for attached homes ranged from -1.1% in Cathedral City to -4.4% in Bermuda Dunes.

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

Wishing You A Joyous Holiday Season & A Very Happy New Year! 

Whatever your holiday plans are, wherever you are going, whatever you are doing this holiday season, we wish you happiness, peace and health. Season’s greetings to you and your families.

The Briggs Group | Coldwell Banker | Laurie Briggs - DRE 01896117 | Tim Briggs - DRE 01898254 | Coldwell Banker - DRE 00616212

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Happy Holidays, Merry Christmas, Hannukah, Kwanzaa, Festivus, The Briggs Group, Tim Briggs, Laurie Briggs, Coldwell Banker