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.

 

May 13, 2022

Just Listed: Rancho La Quinta Country Club Golf Course Home With Stunning Fairway, Lake & Mountain Views

New Price! Stunning Views! Situated on the breathtaking 6th fairway of the Robert Trent Jones, Jr. course in the renowned Rancho La Quinta Country Club, this beautiful 3 bedroom, 3.5 bath (with Casita), Rancho ll model, has everything desired for relaxed Desert Living. All A/C units were recently replaced with high efficiency models. Located at the end of a quiet Cul-de-Sac, the home features high ceilings, plantation shutters, separate detached casita with bath, and 2 car + golf cart garage. Spacious Primary Suite includes large bath, with jetted spa tub, separate shower and glass block window. Enjoy relaxing or entertaining on the patio overlooking the pristine fairway, sparkling lake and western Santa Rosa Mountains. Community pool and spa is across the street from the front of the house. HOA's include social membership with access to Rancho La Quinta CC’s fitness club, tennis, pickleball & bocce ball courts, clubhouse and restaurant. Cable, internet and trash also included. Golf Membership available at an additional cost. Some furnishings available outside of escrow.

Features Of This Home At A Glance:

  •        Rancho La Quinta Country Club Golf Course Home
  •        Overlooking The 6th Fairway Of The Robert Trent Jones, Jr Course
  •        Stunning Mountain, Lake & Fairway Views That Have To Be Seen To Be Appreciated
  •        2,235 Sq Ft, 3 Bedrooms, 4 Bathrooms
  •        Roomy Detached Casita With Its Own En-Suite Bathroom
  •        High Ceilings, Ceilings Fans With Lights & Plantation Shutters Throughout
  •        Newer High Efficiency A/C Units
  •        Located Directly Across The Street From A Large Community Pool & Spa

MLS# 219078400 | Now Listed at $1,099,000 | Details, photos, virtual tour & floor plan at: http://www.48180viasolana.com 

CalDRE 01898254 | 01896117 | 01991628

Posted in Our Listings
May 9, 2022

Coming Soon: Beautiful Rancho La Quinta Country Club Golf Course Home With Stunning Golf Course, Water & Mountain Views

New Price! Stunning Views! Situated on the breathtaking 6th fairway of the Robert Trent Jones, Jr. course in renowned Rancho La Quinta Country Club, this beautiful 3 bedroom, 3.5 bath (with Casita), Rancho ll model, has everything desired for relaxed Desert Living. All A/C units were recently replaced with high efficiency models. Located at the end of a quiet Cul-de-Sac, the home features high ceilings, plantation shutters, separate detached casita with bath, and 2 car + golf cart garage. Spacious Primary Suite includes large bath, with jetted spa tub, separate shower and glass block window. Enjoy relaxing or entertaining on the patio overlooking the pristine greens, sparkling lake and western mountains. Community pool and spa is a short distance away. HOA's include social membership with access to fitness club, tennis, pickleball, bocce ball, clubhouse and restaurant. Cable, internet and trash also included. Golf Membership available at an additional cost. Some furnishings available outside of escrow.

Features Of This Home At A Glance:

  •        Rancho La Quinta Country Club Golf Course Home
  •        Overlooking The 6th Fairway Of The Robert Trent Jones, Jr Course
  •        Stunning Mountain, Lake & Golf Course Views That Nave To Be Seen To Be Appreciated
  •        2,235 Sq Ft, 3 Bedrooms, 4 Bathrooms
  •        Roomy Detached Casita With Its Own En-Suite Bathroom
  •        High Ceilings, Ceilings Fans With Lights & Plantation Shutters Throughout
  •        Newer High Efficiency A/C Units
  •        Located Directly Across The Street From A Large Community Pool & Spa

MLS# 219078400 | Now Listed at $1,099,000 | Details, photos, virtual tour & floor plan at: http://www.48180viasolana.com

CalDRE 01898254 | 01896117 | 01991628

Posted in Our Listings
May 6, 2022

APRIL 2022 COACHELLA VALLEY RESIDENTIAL REAL ESTATE MARKET UPDATE

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

Local real estate market experts, Market Watch LLC, have just released their April 2022 Desert Housing Report. Some highlights:

COACHELLA VALLEY DETACHED HOME MEDIAN PRICE: Market Watch noted that Coachella Valley home prices continued to surge in April, with the Coachella Valley detached home median price reaching $670,500 (up 19.8% year-over-year from $559,750 in April 2021 and up 52.3% from $440,000 in April 2020). While Market Watch felt that seasonal factors should begin to slow things down staring in June, they also felt that the forces that have been driving prices higher, i.e., low inventory and high demand, will continue to dominate the market.

COACHELLA VALLEY ATTACHED HOME MEDIAN PRICE: The Coachella Valley attached home median price in April was $479,450 (up 37% year-over-year from $349,900 in April 2021 and up 60.4% from $299,000 in April 2020). Market Watch felt that if the past pre-pandemic historical seasonal pattern were to hold, attached home prices should peak sometime in the next two months and then settle down.

TWELVE MONTH CHANGE IN THE PRICE OF THE AVERAGE SIZE HOME BY CITY: The detached home median price for the average size home by city increased by more than 40% year-over-year in Rancho Mirage (up 43.8% for the average 3,175 sq ft detached home in that city), Indian Wells (up 42.4% year-over-year for the average 3,450 sq ft detached home in that city) and Palm Springs (up 40.4% for the average 2,175 sq ft detached home in that city). The attached home median price for the average size home by city increased by over 40% year-over-year in Rancho Mirage (up 49.9% year-over-year for the average size 1,775 sq ft attached home in that city), Bermuda Dunes (up 47.6% year-over-year for the average size 1,450 sq ft attached home in that city), Desert Hot Springs (up 47.2% year-over-year for the average size 750 sq ft attached home in that city), Palm Desert (up 45.3% year-over-year for the average size 1,600 sq ft attached home in that city), Cathedral City (up 44.3% year-over-year for the average size 1,250 sq ft attached home in that city), Indio (up 44.3% year-over-year for the average size 1,050 sq ft attached home in that city) and Palm Springs (up 40.1% year-over-year for the average size 1,250 sq ft attached home in that city).

MONTHLY COACHELLA VALLEY HOME SALES (THREE-MONTH TRAILING AVERAGE): Total Coachella Valley home sales in April averaged 981 home sales per month (down 23% from the 1,276 average total home sales per month in April 2021, but slightly above pre-pandemic April home sales averages). Market Watch did point out that the expansion in sales that has historically occurred at this time of year is much less than past years, indicating a continuing decrease in home sales.

MONTHLY COACHELLA VALLEY HOME SALES (TWELVE-MONTH TRAILING AVERAGE): The 12-month average of home sales removes all seasonality from the date and revealed total April Coachella Valley home sales averaged 931 home sales per month (down 31 home sales per month from March and down 11% year-over-year). Sales of detached homes were down 10.5% year-over-year, while sales of attached homes were down 13% year-over-year. Market Watch expects the trend of long-term home sales continuing to decrease to continue due to supply restrictions from low inventory.

COACHELLA VALLEY HOME SALES BY CITY: Total home sales decreased year-over-year by 40.7% in Indian Wells, 37.3% in La Quinta, 29.2% in Rancho Mirage, 27.4% in Palm Desert and 18.5% in Palm Springs. Home sales in the cities that are classified primarily as “work force” cities, i.e., Coachella, Cathedral City, Desert Hot Springs and Indio, continued to show comparable home sales numbers to last year.

COACHELLA VALLEY HOME SALES BY PRICE RANGE: There was a large decline in sales of homes priced under $400,000 and a mild increase in sales of homes priced over $500,000. Market Watch pointed out that 217 sales of homes priced over one million dollars (compared to 189 sales of homes priced over one million dollars in April 2021). Market Watch noted that most of this increase is simply due to more homes now being in higher price brackets.

COACHELLA VALLEY HOME INVENTORY: On May 1st, the total Coachella Valley home inventory was 859 units (up 149 homes or 21% from May 1st 2021). Market Watch was somewhat encouraged by the increase in home inventory over the last two months at a time when historically home inventory has fallen due to seasonal factors. In order for inventory to increase, a surge in new listings is required. With only 1,240 new listings in April, which is just a normal April level of new listings, Market Watch does not see it happening yet.

COACHELLA VALLEY MONTHS OF SALES RATIO: On May 1st, the months of sales ratio for the Coachella Valley was 0.9 months, up 0.2 months from May 1st, 2021. Market Watch explained that this slight increase was due to lower sales and higher inventory compared one year ago. They further explained that normal months of sales ratios would be between three and four months and that the current low months of sales ratio indicate continued upward pressure on home prices.

MONTHS OF SALE RATIOS BY PRICE RANGE: The May 1st months of sales ratios increased year-over-year in every price range over $500,000. In the price ranges below $500,000, the ratios were comparable or less than one year ago. Market Watch pointed out that the months of sales ratio for homes priced over one million dollars was 1.9 months, compared to historical norms of between 8 to 10 months. They felt that this showed that the upward pressure on home prices exists in every price range.

MONTHS OF SALES RATIOS BY CITY: Months of sales rations were under one month in Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs and Palm Springs and close to one month in the other Coachella Valley cities.

COACHELLA VALLEY DAYS IN THE MARKET: At the end of April, the median number of days in the market throughout the Coachella Valley was 21 days (down from 34 days at the end of April 2021 and compared to pre-pandemic median number of days in the market of between 60 to 70 days). Market Watch felt that with the current low home inventory, selling times should stay near the current, low levels.

DAYS IN THE MARKET BY CITY: Palm Springs had the shortest median selling time for detached homes at just 14 days, followed by Desert Hot Springs at 16 days. Palm Springs also has the shortest median selling time for attached homes at just 12 days, followed by Cathedral City at 13 days.

PERCENT OF HOMES SELLING ABOVE LIST PRICE: Market Watch just introduced this new metric showing the percentage of Coachella Valley homes that sold above list price during the last three months. At the end of April, 55.5% of Coachella Valley homes sold above list (the highest percentage in history and compared to 32.4% at the end of April 2021). Market Watch explained that in more normal times the percentage of homes selling above list price is around 10%.

AVERAGE PRICE DISCOUNTS BY CITY: In April, Palm Springs continued to have the highest average selling premium for detached homes at 5.2%, followed by Coachella at 4.1%. Palm Springs also had the highest average selling premium for attached homes at 4.2%, followed by Palm Desert at 3.3%.

CalDRE# 01898254 | 01896117 | 01991628

Posted in Market Updates
May 4, 2022

Did You Know About Southern California’s Temecula Valley Wine Country?

  

Less than an hour and a half drive from the Coachella Valley is Southern California Temecula Valley Wine Country. With nearly 50 wineries, it offers boutique and full-service wine resorts that are friendly, relaxed, and unpretentious. The quality of Temecula Valley wines is made possible by a unique microclimate that features morning mist, warm midday sun, cooling ocean breezes, and crisp starry nights. This plus granite-based soil makes Temecula Valley ideal for growing grapes and creating award-winning premium wines, recognized by wine connoisseurs internationally. You could easily spend days in Temecula Valley exploring and wine tasting among the vineyards or do what we did and pop over for an amazing afternoon lunch (with lots of gluten-free options on the menu) at Avensole Winery’s Marketplace Restaurant. Nestled along the scenic Rancho California ridgeline in Southern California Wine Country, Avensole Winery’s sprawling vineyard estate has been producing some of Temecula Valley’s finest grapes for more than four decades. And they are committed to continuing the tradition of producing hand-crafted premium wines while offering paired culinary excellence in their Marketplace Restaurant.

CalDRE# 01898154 | 01896117 | 01991628

Posted in California Travel
May 4, 2022

Free Spring Concerts Return To Palm Desert Civic Center Park Amphitheater In May

 

The Coachella Valley’s big spring music festivals may be over, but music lovers shouldn’t fret. That’s because they can still enjoy live music under the stars through May at Palm Desert’s Thursday evening Spring Concerts In The Park. The shows will feature a variety of talented music acts designed to please music lovers of all ages and tastes and will be held at the Palm Desert Civic Park Amphitheater on Thursday evenings in May from 6:30 to 8:00 pm.  

The concerts kick off Thursday, May 5th with Santana tribute band SantanaWays. Come see the high energy 80 chart topper band Flashback Heart Attack on May 12th. Crowd pleasing country favorites the Kelly Rae Band hit the stage May 19th. The season wraps up on May 26th with hard driving hot from Legends of Classic Rock, featuring musicians who’ve played with White Lion, Ratt, Steppenwolf, Rod Stewart, Alice Cooper, Quiet Riot, Dokken and Great White.

 

In addition to soaking up the sounds, concert goers can also enjoy dinner in the park. Food and beverage trucks will be available each week offering a variety of culinary offerings. Concert goers may also bring picnic baskets along with blankets or lawn chairs to enjoy the shows. However, alcoholic beverages and smoking are prohibited at Civic Center Park. Family YMCA of the Desert will lead children’s games and activities prior to each show. Lastly, each show will be signed by a certified ASL interpreter. Individuals who would benefit from this service are invited to sit in a designated area near the stage.

 

For more information: https://discoverpalmdesert.com/spring-concerts-2022/

CalDRE# 01898254 | 01896117 | 01991628

April 25, 2022

May 2022 Coachella Valley Calendar Of Events

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

Palm Springs Life Magazine’s Amelia Rodriguez is out with her list of 42 things to do in May & we want to share it with you: 

IT’S A SCHUUR THING | May 1 from 3pm to 5pm | Annenberg Theater, Palm Springs

Vocalist Diane Schuur flexes her perfect pitch memory alongside Coachella Valley Symphony at Annenberg Theater in Palm Springs. Schuur, who is blind, learned to play piano by ear as a child. For more information: https://www.psmuseum.org/events/cv-symphony-may22?date=2022-05-01

IN THE COMPANY OF SONDHEIM | May 1 at 3pm | Arthur Newman Theater, Joslyn Center, Palm Springs

Soprano Natalie Mann, who played Christine in College of the Desert’s production of Andrew Lloyd Webber’s The Phantom of the Opera, sings classics by another legendary Broadway composer: Stephen Sondheim. For more information: https://lesmichaels.com/ 

PALM SPRINGS VINTAGE MARKET | May 1 from 7am to 2pm | Palm Springs Cultural Center at The Camelot Theater

If you’re looking for a painting, vintage film camera or the perfect pair of retro cutoffs, you’re likely to find them and more at this monthly market held the first Sunday of every month from October to May. For more information: https://palmspringsvintagemarket.com/

ALWAYS TINA | May 4 at 7pm | Downtown Park, Palm Springs

Tina Turner is simply the best — but this free tribute to the queen of rock ’n’ roll comes in at a close second. Find out what love’s got to do with it at the Palm Springs Downtown Park. For more information: https://visitpalmsprings.com/events/concert-series-always-tina-tribute-to-tina-turner/

PAGES & PAINTS | May 4 & 18 from 2pm to 3pm | Opportunity Room, Riverside County Library, Desert Hot Springs

Kids use provided supplies to paint a picture based on their favorite passage from a selected poem or short story. For more information: https://rivlib.libcal.com/calendar/rcls?cid=15516&t=g&d=2022-05-04&cal=15516&inc=0

PAUL DRAPER | May 5–7 & 12–14 at Various Times | Marvyn’s Magic Theater, La Quinta

Mentalist and anthropologist Paul Draper takes the spotlight in his shows at Marvyn’s Magic Theater in La Quinta. For more information: https://marvynsmagictheater.thundertix.com/events/188805

IDYLLWILD ARTS STUDENT SHOWCASE | May 6 from 4pm to 7 pm | Melissa Morgan Fine Art, Palm Desert 

The talented teens attending nearby Idyllwild Arts Academy showcase their skills in music, dance, theater, film, fashion, the visual arts, and more at Melissa Morgan Fine Art in Palm Desert. For more information: https://idyllwildarts.org/eventscalendar/

FILMS IN THE GARDEN | May 6 at 7pm | Great Lawn at Sunnylands, Rancho Mirage

Films in the Gardens returns to Sunnylands with a screening of “Willy Wonka and the Chocolate Factory” (1971) on May 6. Films In The Gardens gates open at 7 pm. Film begins at 8 pm. Admission is free. Reservations are not required. Carpooling is strongly encouraged. Please note, parking at the gate or along Bob Hope Drive will not be permitted. No food or seating provided. Filmgoers are encouraged to bring lawn chairs, blankets, and small picnics. Large coolers, alcohol, smoking, and pets are not permitted. Films may be canceled at any time due to weather conditions, including rain, lightning, or strong winds. For more information: https://sunnylands.org/events/

EL GRITO FESTIVAL | May 6–7 | Coachella Crossroads – No Tickets Available

El Grito, the “shout” or battle cry, commemorates Mexico’s fight for independence from Spain. Join the freedom fiesta with this two-day music festival at Coachella Crossroads. Unfortunately the Coachella Crossroads website says there are no tickets available. For more information:  coachellacrossroads.com

MAY DAZE | May 6–7 at Various Times | Joshua Tree Lake RV & Campground

Reggae, beach rock, and hip-hop musicians perform at Joshua Tree Lake Campground. For more information: www.thedubshack.com

STEVEN B. ROBBINS FOUNDATION GOLF TOURNAMENT | May 7 from 7am to 2pm | Tahquitz Creek Golf Resort, Palm Springs

Play a round at Tahquitz Creek Golf Resort to support scholarships for students whose families have been affected by cancer. Registration includes breakfast, lunch, and a swag bag. For more information: sbrfoundation.org

TORCH | May 8 at 3pm | Arthur Newman Theater, Joslyn Center, Palm Springs

Bonnie Gilgallan takes the stage at Arthur Newman Theatre in Palm Desert, performing classic “torch songs,” centering around lost or unrequited love. For more information: lesmichaels.com

OASIS MUSIC FESTIVAL | May 11–15 | Various Palm Springs Locations

Take in this inaugural mulitgenre citywide music festival. Ticketholders will gather at more than 30 spots throughout Palm Springs to hear everything from jazz to yacht rock. Can’t-miss acts include soul group Lee Fields & The Expressions and local Latin rock stars Giselle Woo & The Night Owls. For more information: https://oasismusicfestival.com/

JOSHUA TREE MUSIC FESTIVAL | May 12–15 at Various Times | Joshua Tree Lake RV & Campground

Celebrate the 20th year of the Joshua Tree Music Festival with a 17-band lineup that includes The California Honeydrops and Cimafunk, as well as yoga classes, songwriting workshops, and more. For more information: For more information: https://joshuatreemusicfestival.com/

MODERNISM WEEK | May 12–15 at Various Times | Various Locations  

Take part in this spin off from the February and October Modernism Week events, with such events as the tour of Queer Eye design expert Bobby Berk’s Palm Desert estate and a midcentury mixology workshop at Mr. Lyons in Palm Springs. For more information: modernismweek.com

FILMS IN THE GARDEN | May 13 at 7pm | Great Lawn at Sunnylands, Rancho Mirage

Films in the Gardens returns to Sunnylands with a screening of “Honey I Shrank The Kids”(1989) on May 13. Films In The Gardens gates open at 7 pm. Film begins at 8 pm. Admission is free. Reservations are not required. Carpooling is strongly encouraged. Please note, parking at the gate or along Bob Hope Drive will not be permitted. No food or seating provided. Filmgoers are encouraged to bring lawn chairs, blankets, and small picnics. Large coolers, alcohol, smoking, and pets are not permitted. Films may be canceled at any time due to weather conditions, including rain, lightning, or strong winds. For more information: https://sunnylands.org/events/

BACK TO ME WITH SUNITA PARAM | May 15 at 3pm | Arthur Newman Theater, Joslyn Center, Palm Springs

Join Sunita, as she takes you through a musical theater journey of her life's ups and downs and everything in between. So dust off your jazz hands and get ready for a great night of music and stories. . For more information: lesmichaels.com

MARTINIS AND MOXIE | May 18 from 6pm to 10pm | Camelot Theater, Palm Springs Cultural center, Palm Springs

Featuring the Vintage Rock 'n' Roll of the DREAMBOATS. Beginning, as always, with a Martini Reception in the theater lobby accompanied by the music of Palm Springs Piano Bar with Claudia and Alan. For more information: https://www.eventbrite.com/e/518-martinis-and-moxie-dino-and-dinah-tickets-267956965497 

PAINT NIGHT AT THE BREWERY | May 18 | La Quinta Brewing Co. Taproom, Palm Desert

Sip La Quinta Brewing’s locally crafted ales, porters and IPAs and paint your very own masterpiece. Artist Lauren Avitia walks you through each step of decorating your canvas. For more information: instagram.com/c_v_creatives

THIRD THURSDAY SOUNDBATH | May 19 at 6pm | Yucca Shala, Yucca Valley (Limited to 33 People)

Spencer James makes crystal bowls sing out healing sound waves at Yucca Shala in Yucca Valley, helping participants relax, release tension, and deepen their meditation practice. For more information: kimtangyoga.com

JOHN CARNEY | May 19–21 at Various Times | Marvyn’s Magic Theater, La Quinta

Watch sleight-of-hand star John Carney blend illusions and comedy at Marvyn’s Magic Theater in La Quinta. For more information: marvynsmagictheater.com

LADY A | May 20 at 8pm | Fantasy Springs Resort Casino Special Events Center, Indio

Watch Grammy Award-winning country group Lady A perform an array of their multi-platinum selling hits at the Special Events Center at Fantasy Springs Resort Casino. For more information: For more information: https://www.fantasyspringsresort.com/lady-a/

LIP SYNC FOR A CURE | May 20 at 6:30pm | Palm Springs Cultural Center

General Hospital star Sean Kanan; his wife, Michele; and other celebs break it down at this lip sync showdown at Palm Springs Cultural Center. Proceeds benefit American Cancer Society Desert Spirit. For more information: https://acsbsr.ejoinme.org/lipsync

FILMS IN THE GARDEN | May 20 at 7pm | Great Lawn at Sunnylands, Rancho Mirage

Films in the Gardens returns to Sunnylands with a screening of “Jumanji” (1995) on May 20. Films In The Gardens gates open at 7 pm. Film begins at 8 pm. Admission is free. Reservations are not required. Carpooling is strongly encouraged. Please note, parking at the gate or along Bob Hope Drive will not be permitted. No food or seating provided. Filmgoers are encouraged to bring lawn chairs, blankets, and small picnics. Large coolers, alcohol, smoking, and pets are not permitted. Films may be canceled at any time due to weather conditions, including rain, lightning, or strong winds. For more information: https://sunnylands.org/events/

RARE BOOKS PALM SPRINGS | May 20–21 at Various Times | Hotel Zoso, Palm Springs

Meet more than 40 rare booksellers from across the country sharing share their love of books, fine prints, maps, and other collectible memorabilia at Hotel Zoso in Palm Springs. For more information: rarebooksla.com

JO KOY & FRIENDS | May 20–22 | Agua Caliente Rancho Mirage – SOLD OUT

As one of today’s premiere stand-up comedians, Jo Koy has come a long way from his modest beginnings performing in a Las Vegas coffee house. Jo’s uniquely relatable comedy pulls inspiration from his colorful family that has reached all kinds of people and has translated into sold-out arenas around the world. Koy headlines three side-splitting shows at Agua Caliente Casinos Rancho Mirage that has sold out. For more information; https://aguacalientecasinos.com/agua-event/jo-koy-friends/

MARIEANN MERINGOLO | May 21 at 7pm | Oscar’s, Palm Springs

Singer Marieann Meringolo appears at Oscar’s in Palm Springs, performing tunes written by Alan and Marilyn Bergman. For more information: https://oscarspalmsprings.com/product/marieann-meringolo-between-yesterday-and-tomorrow-the-songs-of-alan-marilyn-bergman/

A WELL-SUNG LIFE | May 22 at 3pm | Arthur Newman Theater, Joslyn Center, Palm Springs

Musician Allan Jensen takes audiences at Arthur Newman Theater through his autobiography via a soaring selection of Broadway hits (and a few deep cuts) along with Great American Songbook standards. For more information: lesmichaels.com

PIONEERTOWN FILM FESTIVAL | May 27–29 at Various Times | Pioneertown

Pioneertown was originally developed in 1946 as a set for cowboy films and returns to its roots with this major Western cinema celebration. The event will feature live music, panels, and a party in addition to more than 35 movies and world premieres, including Jason Momoa’s The Last Manhunt. For more information:  pioneertownfilmfest.com

COLE & NOËL & I | May 29 at 3pm | Arthur Newman Theater, Joslyn Center, Palm Springs

A.J. Freeman performs favorites by Cole Porter and Noël Coward. For more information: lesmichaels.com

MEMORIAL DAY AIR FAIR & FLOWER DROP | May 30 from 1pm to 2pm | Palm Springs Air Museum

Palm Springs Air Museum honors fallen soldiers with a spectacular display of 3,000 red and white carnations cascading through the sky from a B-25 Mitchell bomber plane. For more information: https://palmspringsairmuseum.org/programs/mon-may-30-annual-memorial-day-air-fair-and-flower-drop/

HISTORY HUNTERS | May 31 from 10am to Noon | Coachella Valley History Museum, Indio

The Coachella Valley History Museum’s “History Hunters” group is open to the public and free to join. Meetings feature local history, artifacts, and speakers. All are welcome.Meetings feature local history, artifacts, and speakers. For more information: https://www.cvhm.org/explore

ART EXHIBITIONS

CULTURAL CANNIBALISM: THROUGH MAY 29 

Artists Kim Manfredi, Cito Gonzales, Adriana Lopez-Ospina, Flávia Monteiro, Joyce Rooks, and Hector Salas showcase their boundary-pushing work at Coachella Valley Art Center in Indio. For more information: coachellavalleyartcenter.org

DEVIN REYNOLDS & MR. WASH: THROUGH JULY 3

Self-taught, Los Angeles–based painters Devin Reynolds and Mr. Wash exhibit the work they created as Palm Springs Art Museum’s first Outburst residents — a program that encourages artists to experiment with new forms and styles. For more information: psmuseum.org

LEON POLK SMITH: 1945–1962: THROUGH AUG. 28 

Palm Springs Art Museum celebrates the rich colors and pleasing geometric shapes that define Leon Polk Smith’s abstract paintings. For more information: psmuseum.org

GONZALO LEBRIJA: MIRACLE OF THE ETERNAL PRESENT: THROUGH OCT. 2

View two decades’ worth of photos, videos, sculptures, and paintings by Mexican artist Gonzalo Lebrija at Palm Springs Art Museum. Lebrija often tilts the perspective on ordinary objects, as with his sculpture History of suspended time (A monument for the impossible), which turns a 1968 Chevy Malibu on its nose. For more information: psmuseum.org

PATTERN PLAY: THE CONTEMPORARY DESIGNS OF JACQUELINE GROAG: MAY 12–NOV. 20 

Palm Springs Art Museum exhibits joyful drawings, textiles, wallpapers, and other creations from the mind of Jacqueline Groag, a British designer who catered to the post-WWII hunger for fun and vibrant clothing and housewares. For more information: psmuseum.org

HOMAGE TO COLLAGE: MAY 18–JUNE 26 

Admission is free to view this collage exhibition at Artists Center at The Galen in Palm Desert. For more information: artistscouncil.com

THEATER

SPAMALOT: THROUGH MAY 1

Fans of Monty Python and the Holy Grail (1975) will dig this equally hilarious theatrical adaptation. Journey to Palm Canyon Theatre in Palm Springs to join Arthur’s hapless knights of the round table as they face dark forests, killer rabbits, and the French. For more information: palmcanyontheatre.net

MID-CENTURY MODERNS: THROUGH MAY 8 

A widow from Wisconsin unleashes her inner star in 1960s Palm Springs. This new musical at Desert Rose Playhouse features songs by midcentury desert icons like Frank and Nancy Sinatra. For more information: desertroseplayhouse.org

GUESS WHO’S COMING TO DINNER: THROUGH MAY 8 

Indio’s Desert Theatreworks produces this stage version of the Oscar-winning 1967 romantic dramedy. The film was among the first in America to positively depict an interracial marriage. For more information: dtworks.org

INTO THE WOODS: MAY 13–22 

The happily-ever-afters of Cinderella, Rapunzel, Jack (of beanstalk fame), and other Grimm Brothers characters turn a little, well, grim in this darkly funny musical at Palm Canyon Theatre. For more information: palmcanyontheatre.net

KIDSWORKS PERFORMANCE WORKSHOP: MAY 14–15 

Young thespians age 8 to 18 learn the ins and outs of musical theater in Desert Theatreworks’ annual Kidsworks program. They show off their creative skills in a 60-minute musical at Indio Performing Arts Center. For more information: dtworks.org

ARTWORKS CONTEMPORARY PLAY FESTIVAL: MAY 21–22 

Discover fresh scripts and emerging writers at Indio Performing Arts Center, where Desert Theatreworks presents readings and productions of contemporary plays. For more information: dtworks.org

SEX: MAY 25–JUNE 5

Actress and playwright Mae West served a 10-day prison sentence for obscenity after members of New York’s law enforcement watched her provocative dramedy Sex. See the 1926 play at Desert
Rose Playhouse in Palm Springs. For more information: desertroseplayhouse.org

To read Amiela Rodriguez’s original article courtesy of Palm Springs Life Magazine, please visit: https://www.palmspringslife.com/things-to-do-oasis-music-festival/

CalDRE 01898254 | 01896117 | 01991628

April 22, 2022

Happy Earth Day 2022

Every day should be Earth Day. Let’s treat the Mothership well…it’s the only one we have

CalDRE 01898254 | 01896117 | 01991628

April 20, 2022

Great News Golf Fans: Mission Hills Country Club To Host New PGA Tour Champions Tournament

PGA TOUR Champions and Grail, LLC have announced a partnership to host a new professional golf tournament in Rancho Mirage next March. The Galleri Classic, named after biotechnology company GRAIL’s multi-cancer early detection test for people over 50, will debut March 20 - 26, 2023 at the Mission Hills Country Club (the host course for what is now the Chevron Championship for 51 years). This marks the first time PGA TOUR Champions has hosted a tournament in Coachella Valley since 1993.

The Galleri Classic will feature 78 PGA TOUR Champions professionals, including World Golf Hall of Fame members, who will play 54 holes of stroke play for a purse of $2.2 million. As an annual stop on the PGA TOUR and a host for PGA TOUR Champions events for 12 years, Coachella Valley has an incredibly rich golf history. Several current PGA TOUR Champions members have won here including David Duval, who made history with his final-round 59 to win the 1999 American Express, class of 2022 rookies Justin Leonard (2005 American Express) and Brian Gay (2013), two-time winner Corey Pavin (1987 & 1991), Mike Weir (2003), Joe Durant (2001), Fred Couples (1998) and Jay Haas (1988). Additionally, many World Golf Hall of Fame members have won in Palm Springs including Hale Irwin (1998 Senior Match Play Challenge), Raymond Floyd (1993 Gulfstream Aerospace Invitational), Chi Chi Rodriguez (1991 Vintage Arco Invitational), Lee Trevino (1990 Vintage Chrysler Invitational), Bob Charles (1987 Vintage Chrysler Invitational), Peter Thomson (1985 Vintage Invitational) and Gene Littler (1983 Vintage Invitational).

All rounds of The Galleri Classic will be broadcast nationally on GOLF Channel, the TOUR’s exclusive cable-television partner that reaches close to 70 million U.S. households and in excess of 170 countries and territories, reaching more than 340 million potential households, and distributed in 15+ markets via GOLFTV.

To read the entire PGA TOUR Champions press release, please visit: https://www.pgatour.com/champions/news/2022/04/19/the-galleri-classic-new-event-announced-mission-hills-rancho-mirage-coachella-valley.html

CalDRE 01898254 | 01896117 | 01991628

April 15, 2022

Just Listed: Stylish, Highly Upgraded, Tuscan Inspired Home Located In Palm Desert’s Gated Villa Portofino Community

Welcome to Villa Portofino, where Mediterranean charm blends with all the amenities and activities for relaxed Desert Living. Located in the heart of Palm Desert. This beautiful, open floor plan, 3 bedroom/3 bath, Positano Milano model home features numerous upgrades including crown molding, light wood-look vinyl laminate flooring throughout, custom cabinetry and tilework, slab stone counters, 2 wine refrigerators, coffered wood hallway ceiling, plantation shutters & motorized shades, motorized patio sun/privacy screens and more. Luxurious Primary Bedroom Suite offers a large spa-like bathroom with dual sink vanity, soaking tub, separate tiled shower and roomy walk-in closet. Flex room (currently used as an Office) can be converted into a 4th Bedroom, Exercise Room or formal Dining Room if desired. Community features a 30,000 sq ft Clubhouse w/movie theatre, 2 restaurants, fitness center, Yoga, Tai Chi, Water Aerobics, Member EventsSecurity and more. HOA's include roof coverage, cable/internet, pest service, window cleaning, fire and earthquake insurance and landscaping. A tankless hot water heater and solar system mean improved energy efficiency for this home. See Documents for complete list. Located near local dining, shops and entertainment venues, this beautiful home is ideal for either full or part-time desert living. 

Features Of This Home At A Glance:

  • Located Behind The Gates Of The Villa Portofino Community
  • Great Central Palm Desert Location
  • 2,344 Sq Ft, 3 Bedrooms + Den, 3 Bathrooms
  • Wood-Look Vinyl Laminate Flooring Throughout
  • Plantation Shutters Throughout
  • Custom Cabinetry Added In Kitchen, Great Room Dining Area, Great Room Gathering Area & Office/Den
  • Chef's Kitchen With Island/Breakfast Bar, Slab Stone Counters, Stainless Steel Appliances & Walk-In Pantry
  • Wood Coffered Ceilings In Foyer/Hallway
  • South Facing Covered Rear Patio With Motorized Sun/Privacy Screens
  • 2 Car Attached Garage With Epoxy Floor & Storage Cabinets
  • Improved Energy Efficiency With Tankless Hot Water Heater & Solar System

MLS# 219077180 | Listed at $675,000 | Details, photos, virtual tour & floor plan at: http://www.4429viadelpellegrino.com

CalDRE# 01898254 | 01896117 | 01991628

Posted in Our Listings
April 7, 2022

March 2022 Coachella Valley Residential Real Estate Market Update

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

Our local real estate market experts, Market Watch LLC, have just released their Desert Housing Report for March 2022. Some highlights:

Coachella Valley Detached Home Median Price: At the end of March, the Coachella Valley detached home median price was $660,000 (up 20.2% year-over-year from $549,000 at the end of March 2021). Market Watch felt that if the historical seasonal detached home price pattern applies, then detached home prices should continue to increase over the next two months, then soften somewhat. They felt that the forces that have been driving detached home prices higher, i.e., low inventory and high demand, continue to dominate the market.

Coachella Valley Attached Home Median Price: At the end of March, the Coachella Valley attached home median price was $450,000 (up 30.4% year-over-year from $345,000 at the end of March 2021). Market Watch noted that the attached home median price has surged more than 50% over the last two years. Further, they felt that if the historical seasonal attached home price pattern applies, then attached home prices should peak sometime in the next two months and then soften. 

Twelve Month Change in The Price of The Average Size Home By City: The median price of the average size detached home increased by more than 40% year-over-year in Coachella (for the average 1,700 sq ft Coachella detached home) and Indian Wells (for the average 3,450 sq ft Indian Wells detached home). The median price of the average size detached home increased by more than 30% year-over-year in Rancho Mirage (for the average 3,175 sq ft Rancho Mirage detached home), Bermuda Dunes (for the average 2,500 sq ft Bermuda Dunes detached home), Indio (for the average 2,000 sq ft Indio detached home), La Quinta (for the average 2,550 sq ft La Quinta detached home) and Palm Desert (for the average 2,200 sq ft Palm Desert detached home). The attached home median price increased by more than 50% year-over-year in Desert Hot Springs (for the average 750 sq ft Desert Hot Springs attached home), Bermuda Dunes (for the average 1,450 sq ft Bermuda Dunes attached home) and Indio (for the average 1,050 Indio attached home). The attached home median price increased by more than 40% year-over-year in Cathedral City (for the average 1,250 sq ft Cathedral City attached home), La Quinta (for the average 1,750 sq ft La Quinta attached home) and Palm Desert (for the average 1,600 sq ft Palm Desert attached home).

Monthly Home Sales – Three-Month Trailing Average: Three-month total home sales in March averaged 910 home per month (down 19.4% from 1,129 average home sales in March 2021). Market Watch noted that while total home sales were below the peak home sales levels of last year, home sales in March continued to average significantly higher that pre-pandemic March averages (813 average total home sales in March 2020 and 734 average total home sales in March 2019). Market Watch concluded that while Coachella Valley housing inventory remains tight, buyer demand for housing in the Coachella Valley remains strong.

Monthly Home Sales – Twelve-Month Trailing Average: Twelve-month home sales in March (which takes out all seasonality in home sales data) averaged 962 units a month (down 2.7% from 989 total homes sales in March 2021). Sales of detached homes were down 3.6%, while sales of attached homes were almost unchanged. Market Watch expects long term home sales to continue to retreat from the highs in June 2021 because of supply restrictions due to low housing inventory.

Home Sales by City: Market Watch noted that the largest decline in home sales year-over-year in March continued to be in the four major resort cities of La Quinta, Palm Desert, Palm Springs and Rancho Mirage. Those Coachella Valley cities classified primarily as “work force” cities, i.e., Cathedral City, Desert Hot Springs and Indio, continued to show increased average March home sales compared to last year.

Home Sales by Price Range: Market Watch pointed out the significant decline in sales of homes priced under $400,000 in March and the slight increase in sales of homes priced over $500,000 in March. Most of this increase is simply due to more homes being in those higher price brackets. Market Watch noted the 196 sales of homes priced over a million dollars in March (a three-fold increase over the 72 sales of homes priced over one million dollars in March 2020).

Coachella Valley Total Housing Inventory: On April 1st, the Coachella Valley total housing inventory was 678 homes (down 8.6% from April 1st 2021 and down 77.7% from April 1st 2020). Market Watch noted the absence of the usual seasonal rise in housing inventory between October and April points to even lower inventory moving toward September. Market Watch felt that it would take a surge in listings to increase inventory, but with only 1,244 new listings in March (which is just an average amount), Market Watch didn’t see it happening yet.

Coachella Valley Overall Months of Sales Ratio: On April 1st, the months of sales ratio for the entire Coachella Valley was 0.7 months (down from 0.8 months on April 1st, 2021). These historically low months of sales ratios continue to indicate extremely low supply and moderate to strong buyer demand, which are the two ingredients for higher prices. Market Watch felt that even though Coachella Valley home prices have surged, the months of sales ratio is a strong indication that home prices will continue to trend higher.

Months of Sales by Price Range: The months of sales ratio in every price bracket under $600,000 was less than, or equal to, year ago levels. The months of sales ratio for homes priced from $600,000 to $900,000 was slightly higher, or equal to, year ago levels. For homes over $900,000, the months of sales ratios were less than last year.

Months of Sales by City: The Coachella Valley cities with the lowest months of sales ratios on April 1st were Palm Desert, Palm Springs and Thousand Palms at 0.6 of a month. Market Watch felt that what was particularly noteworthy was how close the moths of sales ratios were in all of the Coachella Valley cities (with months of sales ratios between 0.6 and 0.9 months).

Coachella Valley Overall Days in the Market: At the end of March, the median number of days in the market throughout the entire Coachella Valley was 28 days (one day less than last month and 12 days less than one year ago). Market Watch noted that selling times in the Coachella Valley have ranged between 25 and 30 days for the last 10 months. They explained that with low housing inventory and high home sales, forces continue in place to keep selling times near current, low levels.

Days in the Market For Detached & Attached Homes By City: In March, Coachella had the lowest selling time for detached homes at just 18 days, followed closely by Palm Springs with 19 days. In March, Cathedral City had the lowest selling time for attached homes at just 13 days, followed by Palm Springs at 14 days.

Coachella Valley Overall Price Discount: The median value for sale price discount from list for detached homes in March was again 0.0% (the same as it’s been for 12 months), due to the fact that so many homes are selling at list price.

Average Price Discounts For Detached & Attached Homes By City: In March, Palm Springs had the highest selling premium for detached homes at 4%, followed by Coachella at 3.1% and Indio at 3%. In March, Palm Desert had the highest selling premium for attached homes at 2.9%, followed by Palm Springs at 2.6% and Cathedral City at 2.2%

CalDRE# 01898254 | 01896117 | 01991628

Posted in Market Updates