If you're looking for an excuse...this is it...National Bubble Bath Day...January 8th, 2022

CalDRE# 01898254 | 01896117 | 01991628

Our local real estate market experts, Market Watch LLC, have just released their December 2021 Desert Housing Report, which serves as a year end Coachella Valley residential real estate market update. Some highlights:

Coachella Valley Detached Median Price: The detached home median price in the Coachella Valley in December was $615,000 (up 18.3% from $520,000 in December 2020). Market Watch’s analysis stated that for at least the last 15 years, December has marked the beginning of a seasonal period of detached home price strength. They stated that they expect this pattern to continue into 2022.

Coachella Valley Median Attached Price: The attached home median price in the Coachella valley in December was $402,900 (up 22.5% from $329,000 in December 2020). Market Watch’s analysis stated that historically attached homes have also shown a strong seasonal period of price strength, usually beginning in November and carrying through until May. They stated that they expect this pattern to continue into 2022. 

Twelve Month Change in The Price of The Average Size Home By City: Price changes for the average size detached home in each city in December ranged from an increase year-over-year of 49.2% in Bermuda Dunes (for the average size detached home in that city of 2,500 sq ft) to an increase year-over-year of 22.3% in Cathedral City (for the average size detached home in that city of 1,800 sq ft). Price changes for the average size attached home in each city in December ranged from an increase year-over-year of 60.4% in Desert Hot Springs (for the average size attached home in that city of 750 sq ft) to an increase year-over-year of 30.4% in Palm Springs (for the average size attached home in that city of 1,250 sq ft).

Monthly Home Sales (Three Month Trailing Average): Total Coachella Valley monthly home sales in December averaged 878 homes (down 21.5% from average total Coachella Valley monthly home sales of 1,119 homes in December 2020). Market Watch stated that December 2021 total average monthly home sales were still significantly higher than total average December monthly home sales in the pre-pandemic period from 2016 to 2019 (where total average monthly homes sales ranged from a low of 685 homes in December 2018 to a high of 755 homes in December 2017). Monthly sales of detached homes averaged 626 homes in December (down 17.5% from average monthly sales of 759 homes in December 2020). Monthly sales of attached homes averaged 252 homes in December (down 30% from average monthly attached home sales of 360 homes in December 2020).

Monthly Sales (Twelve Month Trailing Average): Market Watch explained that the twelve month average of homes sales removes the “seasonality” from Coachella Valley home sales data. Average total monthly home sales in December were 1,016 homes (up 11.6% from average total monthly home sales of 910 homes in December 2020). Average monthly sales of detached homes in December were 702 homes (up 10% from average monthly detached home sales of 638 homes in December 2020). Average monthly sales of attached homes in December were 314 homes (up 15.4% from average monthly attached home sales of 272 homes in December 2020). Market Watch noted that they expect long term home sales to slowly decrease from the June highs but still stay above pre-pandemic norms.

Home Sales by City: Market Watch noted that average home sales in each Coachella Valley city showed that the overall Coachella Valley home sales decline was primarily due to a decline in home sales in the four higher priced cities of La Quinta, Palm Desert, Palm Springs and Rancho Mirage. Home sales in Bermuda Dunes were the same as in December 2020, while home sales in Cathedral City were only down 7.6% year-over-year. Home sales in Coachella and Desert Hot Springs increased year-over-year.

Home Sales by Price Range: Market Watch noted that the year-over-year decrease in home sales was limited to those homes priced under $500,000. Year-over-year sales of homes priced over $500,000 increased. Market Watch felt that some of this was due to the fact that home price increases have resulted in fewer homes listed for under $500,000.  They went on to note that sales of homes priced under $400,000 used to be composed of sales of both detached and attached homes, with a focus on attached homes. Now, there are very few detached homes priced under $400,000.

Coachella Valley Home Sale Inventory: On January 1^st, the total home sale inventory in the Coachella Valley was 607 homes (down 59.7% from 1,507 homes on January 1^st, 2021). Market Watch noted that this is the lowest inventory level on record. They also pointed out that time wise, we are at the end of what has historically been the three strongest months of inventory increase in the Coachella Valley. They felt that this continues to highlight the restrictive effects of the COVID pandemic and the new Omicron variant. They mentioned that other Southern California regions are experiencing the same pattern, with inventory levels again approaching historic lows.

Coachella Valley Regional Months of Sales Ratio: On January 1^st, the months of sales ratio for the entire Coachella Valley was 0.6 months (down 64.7% from 1.7 months on January 1^st, 2021). Market Watch noted that this months of sales ratio was the same as the historically low months of sales ratios registered last summer. They noted that while this low months of sales ratio bodes well for home sellers, it continues to make it difficult for home buyers to find homes that meet their wants and needs.

Months of Sales Ratios by Price Range: On January 1^st, the months of sales ratio in every price range below one million dollars was equal to or less than 0.7months. For homes priced over one million dollars, the months of sales ratio was 1.3 months.

Months of Sales Ratios by City: On January 1^st, the Coachella Valley city with the smallest months of sales ratio was Palm Desert at 0.4 months, followed by La Quinta and Bermuda Dunes at 0.5 months. Desert Hot Springs, Indian Wells and Thousand Palms were the only Coachella Valley cities with months of sale ratios of one month or greater.

Coachella Valley Regional Days in the Market: At the end of the year, the median number of days in the market for the entire Coachella Valley was 26 days (one day more than in November but 12 days less than in December 2020).  As inventory remains low and home sales stay high, Market Watch stated that they felt the forces were in place to possibly push the days in the market number even lower (but they also believed the median days in the market number would stay near current levels for a while longer).

Days in the Market By City: In December, Desert Hot Springs had the lowest number of days in the market for detached homes at 20 days, followed by Indian Wells at 22 days and Rancho Mirage at 23 days. In December, Cathedral City had the lowest number of days in the market for attached homes at 9 days, followed by Palm Springs at 17 days and Desert Hot Springs at 22 days.

Coachella Valley Regional Sale Price Discount From List: The median value for sale price discount from list in December was again 0.0% (the same as it’s been for the last ten months). Market Watch explained that since so many homes are selling at list price, the median value of all sales continues to be exactly 0.0%. In December 2020, it was -0.6%.

Average Sale Price Discount From List By City: Market Watch noted that the average sale price discount from list is a better metric during periods when so many sales are occurring at list price or above. Bermuda Dunes continued to have the highest sales price premium for detached homes at 1.8%, followed by Desert Hot Springs and Indio at 1.6%. Only Palm Desert and Indian Wells had detached homes selling at a discount from list price. Rancho Mirage had the highest sales price premium for attached homes at 2%, followed by Palm Springs at 1.8% and Indian Wells at 1.2%. Only Bermuda Dunes had attached homes selling at a discount from list price.

CalDRE# 01898254 | 01896117 | 01991628

Highly upgraded home located on a premium lot in Sun City Shadow Hills Phase 3, with stunning south golf course and mountain views. Starting with an open floor plan that combines the large kitchen, dining and living room and added sunroom/den with a gas fireplace. Kitchen features a large island with breakfast bar, stainless steel 6 burner gas cooktop, double conventional and convection ovens, dishwasher, microwave, fridge and bar fridge. Throughout the home, large chisel edge tile laid on the diagonal, custom crown molding and baseboards and granite counter tops. Large primary bedroom provides ample space for a seating area as well as sleeping. Primary bathroom includes a large soaker tub with separate shower, toilet and walk-in closet. Second bedroom comes with its own en-suite bathroom and walk-in closet. Rounding out the interior, a powder room, large den/optional third bedroom and laundry room. Outside, a large backyard covered patio with roll down sun screens creates the ideal outdoor living space. A gas fire pit, spool and BBQ area round out the backyard. In addition to plenty of cabinets for storage, the attached garage has two spaces for cars and a third space for a golf cart, bikes or other toys. Sun City Shadow Hills offers two 18-hole golf courses, 2 clubhouses, 3 community pools, 2 fitness centers, pickleball, tennis and bocce ball courts, 2 dog parks and 30+ clubs to enjoy year round. This community is one of the best in the Desert!

MLS# 219071898 | Listed at $777,000 | Details, photos, floor plan & virtual & video tours at: http://www.81275caminolampazos.com

CalDRE# 01898254 | 01896117 | 01991628

Wishing you a very happy, safe, healthy & prosperous 2022!

alDRE# 01898254 | 01896117 | 01991628

If you’re looking for some fun things to see and do in January, check out this calendar of events, courtesy of our colleagues Catherine, Dawn, Kathleen and Dori, at First America Title:

Palm Springs VillageFest | Every Thursday Evening from 7-10pm | Downtown Palm Springs

Enjoy a diverse array of artists, artisans, entertainers, assorted fruits, vegetables, fresh flowers, jewelry, international cuisine, and don't forget the sweets. For more information: 760-320-3781 | http://villagefest.org/

The Street Fair at College Of The Desert | Every Saturday & Sunday from 8am-2pm | College Of The Desert, Palm Desert

Scheduled to reopen on January 1^st at the College of the Desert Palm Desert campus located at 43500 Monterey Ave and offering a mix of food, shopping and special events. For more information: https://codaastreetfair.com/

Palm Springs Vintage Market | Jan 2 from 7am-2pm | Camelot Theater parking lot, Palm Springs

Coachella Valley's only boutique vintage market in beautiful Palm Springs. Take a walk down memory lane. Food, entertainment and free parking. Sign up for a discount admission coupon on the website. Amazing desert views and the greatest collection of vintage furniture, clothing, decor and other collectibles in the Coachella Valley. Price: $5, discount coupon available on website. For more information: 760-534-7968 | www.palmspringsvintagemarket.com

Palm Springs Kennel Club Dog Show | Jan. 6-9 | Empire Polo Club, Indio

The Kennel Club of Palm Springs annually hosts one of the most prestigious dog shows in the world that is considered the opening event of the dog show year in the west coast. For more information:  www.kennelclubpalmsprings.org

Palm Springs International Film Festival | Jan. 7-17 | Palm Springs

Produced by the Palm Springs International Film Society, the Festival offers events and film screenings featuring films from 60+ countries. The festival is known for its annual Film Awards Gala, honoring the best achievements of the filmic year by a celebrated list of talents and with 2500 guests and more than 1000 staff at the event. It will not take place this year due to the recent spike in COVID cases and out of an abundance of caution to ensure the health and safety of the honorees, patrons, and staff. The screening portion of the Palm Springs International Film Festival will take place January 7 through January 17, 2022 and will require proof of vaccination and the wearing of a mask.  For more information: 760-322-2930 | www.psfilmfest.org/film-festival-2022

El Paseo Cruise Night | Jan. 7 & 21 from 2-5pm | The Gardens on El Paseo

The cool, shiny, lovingly cared-for cars begin arriving around 2pm at the upper level of the parking structure behind The Gardens on El Paseo. Get a look at these beauties and talk to the owners before the cruise, or find a corner on El Paseo to watch the passing parade when they start cruising around 4:30pm. For more information: https://www.elpaseocruisenight.com/calendar

Palm Springs Pinot Noir Festival | Jan. 8 | JW Marriott Desert Springs Resort & Spa, Palm Desert

During this Celebration of Pinot Noir, you will discover just what it is that makes Pinot Noir so unique. Join with other Pinot aficionados as you share in classes, tastings and food and wine matches that will profile the uncompromising characteristics and unforgettable characters, highlight the different winemaking practices and philosophies that produce wines of such distinction. For more information: 760-805-2131 | www.palmspringspinotfest.com

Art on Main Street | Jan. 8 & 22 from 10am-4pm | Old Town La Quinta

Features over 100 artists each season showing and selling their paintings, jewelry, mixed media, photography, ceramics, glass, woodwork, textiles, sculptures and more. The shows are a local favorite and an Old Town tradition. They are set amidst Main Street’s charming cafes and boutiques. Come for the art and stay for the day! Premiere Sponsor is The City of La Quinta. Admission, parking and entertainment are free. For more information: 760-600-0758 | www.oldtownlaquinta.com

Back 9 Walk | Jan. 16 from 6:45-7:45am | Indian Wells Golf Resort

Come join fellow residents for stretching, provided by Desert Recreation District, and a healthy 5k walk through the scenic golf course. Complementary coffee/tea will be provided. Start your New Year off right and come out and meet some fellow residents. Meet in the Clubhouse Lobby at 6:45am. No RSVP necessary and no dogs allowed. For more information: 760-346-2489 | www.cityofindianwells.org

American Express PGA Golf Tournament | Jan. 19-23 | PGA West La Quinta

A 72-hole event featuring a field of the world’s best professional golfers. Since its introduction in 1960 as the Palm Springs Golf Classic, the tournament has generated more than $60 million for numerous nonprofit organizations dedicated to supporting Coachella Valley residents. The tournament’s roster of 156 professional golfers will play a round each at PGA WEST’s Stadium Course and Nicklaus Tournament Course over the first two rounds on Thursday and Friday before playing the Stadium Course exclusively on the weekend after the 36-hole cut. For more information: 833-888-6227 | http://www.theamexgolf.com/

FAF Desert Circuit Equestrian Events | Jan. 19-23 & 26-30 | Desert International Horse Park, Thermal The Desert Circuit is eight weeks of USEF Premier-rated Hunters and 5*/6* Jumpers running from mid-January through mid-March with one week off in mid-February. The circuit draws thousands of equestrians to the premier Southern California show grounds. For more information: 442-200-4919 | www.deserthorsepark.com

Les Misérables | Jan. 21-Feb. 13 | Palm Canyon Theatre

The story of Jean Valjean, a peasant, and his desire for redemption, released after serving nineteen years in jail for stealing a loaf of bread for his sister’s starving child. Valjean decides to break his parole and start his life anew , but a police inspector, Javert, refuses to let him escape. For more information: www.palmcanyontheatre.org

Palm Springs Pickleball Classic | Jan. 21-23 | The Resorter Tennis & Pickleball Club

$5K cash prize (3.0 and up) Registration required. Price: Event $30 per person Registration $70 per person. For more information: www.wptevents.com

Palm Springs Escapes | Jan. 21-24 | Kimpton Rowan Hotel, Palm Springs

Hidden gems, architecture, social sophistication and the perfect balance of kitsch. Relax in this spacious oasis filled with curated tranquility, wellness programs, sustainability-focused practices and artistic creations from the best of LGBTQI artists, female and Black entrepreneurs, and enduring luxury goods. Access wellness product samples, wine & spirits tastings, meditation and health experts, stargazing, and art social hours. It’s all wrapped into a social/shopping/dining experience like no other. For more information: www.exploretock.com/reservebrandcloset

The Gardens Concert Series | Jan. 22 & 29 at 6pm | The Gardens on El Paseo, Palm Desert

Since its inception 24 years ago, this event has raised more than $1 Million for those in need. The one-hour concerts take place on Saturdays on the center lawn in front of Saks Fifth Avenue starting at 6pm. Concert Series Line Up - January 22, 2022 | “Gypsy” benefiting Guide Dogs of the Desert (Tribute to the music of Stevie Nicks) | January 29, 2022 | “Journey Captured” benefiting Children's Museum of the Desert (Tribute to the music of Journey). For more information: 760-862-1990 | https://thegardensonelpaseo.com/events/the-gardens-on-el-paseo-24th-annual-concert-series-presented-by-agua-caliente/

Desert Town Hall | Jan. 23 from 6-9pm | Renaissance Esmeralda Resort and Spa, Indian Wells

Paul Nicklen and Cristina Mittermeier are conservation photographers, cofounders of SeaLegacy. One of the pre-eminent speaker series in the nation, Desert Town Hall features world-class speakers, intellectual content, and youth education to the Coachella Valley. The series offers four programs each year, typically from January to April. For more information: 760-610-2852 | www.deserttownhall.org

Oasis Music Festival | Jan. 26-30 | More Than 30 Local Venues

Witness history as the inaugural Oasis Music Festival, presented by Agua Caliente Casinos, revives the storied past of the musical playground that made Palm Springs famous. The Oasis Music Festival will re-create anew the celebrity, excitement, and swank of Palm Springs through this worldclass music festival featuring all genres of music taking place at more than 30 venues over five days. For more information: www.oasismusicfestival.com

Southwest Arts Festival Indio | Jan. 27-30 from 10am-5pm | Empire Polo Club

The acclaimed art festival features a variety of traditional, contemporary, and abstract fine works of art, jewelry and quality crafts. This year’s festival will feature live music, with pottery, glass and fine art painting scheduled to be on display. For more information: 760-347-0676 | https://gcvcc.org/event/southwest-arts-festival-2022/

Meeting of Mentors: T-34 Fly-In | Jan. 28-29 from 11am-4pm | Palm Springs Airs Museum

Built as a replacement for the training planes of WWII, the T-34 Mentor developed into an aircraft cherished by the military and civilian pilots alike. In fact the T-34 remains in service more than six decades after it was first designed. Come visit us as a group of T-34 pilots drop into the Air Museum for a weekend of flight exhibitions, formation flying, contests and just plane fun. For more information: 760-778-6262 | https://palmspringsairmuseum.org/programs/meeting-of-mentors-t-34-fly-in-5/

CalDRE# 01898254 | 01896117 | 01991628

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

Now that Christmas is behind us, it’s time to turn our attention to the next big holiday celebration. The Desert Sun’s Laine Henry has assembled his picks for the top ten things to do on New Year’s Eve here in the Coachella Valley. In no particular order, here they are:

First Annual Reindeer Run | Dec 1st thru Dec. 31st – All day during business hours | The River, Rancho Mirage

Apong’s Philly Steak, Ben & Jerry’s Ice Cream and Rocky Mountain Chocolate Factory have joined forces to create the Reindeer Run. The run is open to all ages and requires a $7 Adventure Pass that is available at all three locations. The Adventure Pass is a 3-Trip-Ticket that includes a specific item at all three locations. Run like a reindeer to visit each shop to collect the sweet treats, beginning at Apong’s Philly Steak for a hot cup of Nescafe cocoa. Next stop is Ben & Jerry’s Ice Cream for a floating scoop of your favorite flavor of ice cream to top off the cocoa. Complete the journey at Rocky Mountain Chocolate Factory to collect a chocolate dipped peppermint spoon. For more information: bit.ly/ReindeerRunTheRiver

Light It Up 2022 New Year’s Eve Party Under The Stars   | Dec. 31^st - Doors Open at 7pm | Agua Caliente Casino Cathedral City

Celebrate New Year's Eve with live entertainment, headlined by DJ Citizen Jane, with outdoor bars, food trucks and dance floor. Tickets are $22 per guest, with  $22 in Free Play, valid on Jan. 1, 2022 from 10 a.m. to 6 p.m. Ages 21-plus For more information: aguacalientecasinos.com

Light It Up 2022 New Year’s Eve Dance Party at The Show | Dec. 31^st – Starting at 8pm | Agua Caliente Casino Rancho Mirage

Celebrate the new year with an all-night dance party at The Show, complete with music by DJ Boba. Tickets are $40 per guest. Ages 21-plus. For more information: aguacalientecasinos.com

Light It Up 2022 New Year’s Eve NYE Block Party | Fri Dec 31^st  - 8pm to 12:30am | Agua Caliente Casino Palm Springs

Celebrate New Year's Eve with DJ Lady Kate, midnight fireworks, iconic look-alikes, food trucks and booths, outdoor bar, live entertainment and dancing. General admission tickets are $20 in advance, $25 day of party. VIP tickets are $85 in advance, $100 day of party. For more information: aguacalientecasinos.com

 Drag Me To 2022 NYE | Dec. 31^st – 8pm to 1am | The Saguaro, Palm Springs

The Saguaro presents its 5th annual New Year's Eve disco gala, filled with comedy and disco, hosted by Miss Rusty Waters. General admission tickets start at $75 and includes complimentary buffet style light bites, complimentary champagne toast, cash bar drink specials and live entertainment. Ages 21-plus. For more information: (760) 323-1711 | https://thesaguaro.com/palm-springs/specials/new-years-eve-disco-gala-package/

Luau New Year's Eve | Dec. 31^st – 7pm – Midnight | Miracle Springs Resort & Spa, Desert Hot Springs

Miracle Springs celebrates the new year with a Luau-themed party, featuring a buffet and bar with a champagne toast at midnight. Reservations are required. Tickets are $39.95 per adult, $19.95 per child and $69.95 for couples. For more information: (760) 251-6000 | https://www.miraclesprings.com/upcoming-events/

Marvyn's Magic Theater New Year's Eve Show | Dec 31^st at 6pm | Marvyn’s Magic Theater, La Quinta

Marvyn's Magic Theater will be hosted by Jeff Hobson, bringing a mix of comedy and magic to celebrate the new year. Ticketed guests receive complimentary party favors and champagne toast. Tickets are $125 each. For more information: marvynsmagictheater.thundertix.com

Day One 22 NYE | Dec 31^st at 8pm | Spotlight 29 Casino Coachella Crossroads, Coachella

Coachella Crossroads presents its first New Year's Eve music festival, featuring DJ Diesel (Shaquille O'Neal), E-40 and Getter. Ages 21-plus. Tickets are $99 per person. For more information: coachellacrossroads.com

Lulu's Famous New Year's Eve Blow Out Party | Dec 31^st at 7:30pm | Lulu’s California Bistro, Palm Springs

Ring in 2022 the Palm Springs way at this 4-course dinner with soups, appetizers and salads, entrées and desserts, with live entertainment by Tony Grandberry and his Big Fun Orchestra. The seating includes hats, party favors and a champagne toast at midnight. Tickets are $129.99 per person. For more information: (760) 327-5858 | https://www.lulupalmsprings.com/nye.html

Welcome to the Jungle | Dec 31^st at 7:30pm | Big Rock Pub, Indio

Celebrate the new year with drinks, food, a balloon drop, a champagne toast at midnight and live entertainment by Funk'd Martini. Tickets are $25. For more information: bit.ly/WelcomeToTheJungleNYE2021

To read Laine Henry’s original article, courtesy of The Desert Sun, please visit: https://www.desertsun.com/story/life/entertainment/2021/12/15/top-10-things-do-palm-springs-area-new-years-eve/6441917001/

CalDRE# 01898254 | 01896117 | 01991628

Our local real estate experts, Market Watch LLC, have just release their Desert Housing Report for November. Some highlights:November Coachella Valley Detached Home Median Price: The median price of detached homes in the Coachella Valley in November was $615,000 (up 17.1% year-over-year from $525,000 in November 2020). Market Watch noted that historically the month of November begins a seasonal period of price strength going back at least 15 years or more. They expect this seasonal pattern to continue and to be enhanced by the continuing large over balance of demand versus supply.

November Coachella Valley Median Attached Price: The median price of attached homes in the Coachella Valley in November was $389,450 (up 23.6% year-over-year from $315,000 in November 2020). Market Watch noted that attached homes also historically have a seasonal period of price strength beginning in November and carrying forward five or six months. They expect this seasonal pattern to continue for attached homes.

Twelve-Month Change in the Price of the Average Size Home in Each City: In November, the twelve-month price increases for detached homes ranged from an increase of 44.4% in the 2,500 sq ft average size detached home sold in Bermuda Dunes (increasing to $774,599 from $536,575) to an increase of 26.2% in the price of the 1,800 sq ft average size detached home sold in Cathedral City (increasing to $515,614 from $408,483). In November, the twelve-month price increases for attached homes ranged from an increase of 71.2% in the 750 sq ft average size attached home sold in Desert Hot Springs (increasing to $110,071 from $64,298) to an increase of 26.3% in the price of the 1,950 sq ft average size attached home sold in Indian Wells (increasing to $592,220 from $468,985).

Monthly Home Sales (Three-month trailing avg.): Total home sales in November averaged 812 homes per month (compared to total home sales of 1,120 homes per month in November 2020 and pre-pandemic November average home sales of 693 homes per month). Monthly sales of detached homes averaged 563 homes (down 26% from monthly detached home sales of 765 homes in November 2020). Monthly sales of attached homes averaged 249 homes (down 28% from monthly attached home sales of 346 homes in November 2020). Market Watch noted that with housing inventory levels so low, unless the number of new listings were to surge, it would be hard to imagine sales rising much above current levels.

Monthly Sales (Twelve-month trailing avg.): Twelve-month average home sales in November averaged 1,036 homes (an increase of 18% year-over-year, but down from the 24% year-over-year increase in total monthly home sales in October). Market Watch felt that the decrease in the twelve-month average of monthly home sales from October to November showed that home sales are beginning to retreat from last year’s high. Market Watch expects long term home sales to continue to decline but stay above pre-pandemic averages.

Home Sales by City: The November three month average of home sales by city showed an equally distributed decline in home sales from year ago levels in the five largest cities in the Coachella Valley (Indio, La Quinta, Palm Desert, Palm Springs and Rancho Mirage). November average home sales in Coachella and Desert Hot Springs increased from those in November 2020.

Home Sales by Price Range: November homes sale by price ranges showed that the decrease in monthly home sales occurred primarily in homes priced under $400,000. Sales of homes priced over $400,000 showed comparable levels to last year. Market Watch noted that some of the decline in monthly home sales for homes priced under $400,000 was due to the general home price increase that resulted in fewer homes listed in this price range.

Coachella Valley Housing Inventory: On December 1^st, the total housing inventory in the Coachella Valley fell to 742 homes (173 homes less that on November 1^st and down 59% from an inventory level of 1,830 homes on December 1^st, 2020). Market Watch stated that this low inventory level was somewhat disconcerting since historically there are large inventory increases in November and December. They noted that other regions in Southern California are also experiencing declining housing inventory levels. Their conclusion was that this trend highlights the fact that the restrictive effects of the pandemic still exist even after widespread distribution of vaccines.

Coachella Valley Overall Months of Sales Ratio: On December 1^st, the months of sales ratio for the entire Coachella Valley declined to 0.7 months, which is approaching the months of sales ratio lows registered in mid-summer. One year ago, the months of sales ratio was 2.1 months. Market Watch stated that while these low months of sales ratios continue to bode well for home sellers, they make it very difficult for homebuyers to find homes that meet their wants and needs.

Months of Sales by Price Range: The months of sales ratio was 1 month or less in all price ranges under one million dollars. Even for homes priced over one million dollars, the months of sales ratio was only 1.4 months.

Months of Sales by City: Comparing months of sales ratios in each Coachella Valley city, Market Watch noted that normally the higher median priced cities of Rancho Mirage and Indian Wells have the highest months of sales ratios. On December 1^st however, the lower median priced cities of Cathedral City (with a months of sales ratio of 1.1 months), Thousand Palms (with a months of sales ratio of 1.2 months) and Desert Hot Springs (with a months of sales ration of 1.4 months) had the highest months of sales rations in the Coachella Valley.

Coachella Valley Overall Days in the Market: At the end of November, the median days in the market throughout the Coachella Valley was 25 days (one day more than last month but 18 days less than at the end of November 2020). Market Watch noted that with inventory levels low and demand high, forces are in place to possibly push the days in the market even lower. However, they believe that most of the decline has been realized and that the median number will stay near current levels for a while.

Days in the Market by City: In November, Coachella continued to have the lowest detached home days in the market at 14 days, followed by Desert Hot Springs at 20 days and both Palm Springs and Indian Wells at 24 days. Bermuda Dunes had the highest detached home days in the market at 38 days. For attached homes, in November Cathedral City averaged 14 days to sell a home while Palm Springs averaged 17 days. Bermuda Dunes had the highest attached home days in the market at 33 days.

Coachella Valley Overall Median Price Discount From List: The median value for sale price discount from list for detached homes in November was again 0.0% (the same discount that it’s been for the last nine months). Market Watch noted that since so many homes are selling at list price, the median value of the discount for all sales was exactly 0.0% in November. One year ago, the median sale price discount from list was -0.5%.

Average Sale Price Discounts from List by City: Detached homes in Bermuda Dunes sold on average at a premium of 1.9% in November, followed by detached home sales in Indio on average at a premium of 1.7% and detached home sales in Coachella on average at a premium of 1.6%. Only in Indian Wells did detached homes on average sell at a discount (of -1%). For attached homes, homes sales on average sold at a premium of 1.8% in both Indio and Palm Springs. Only in Bermuda Dunes did attached homes on average sell at a discount (of -0.9%).

CalDRE# 01898254 | 01896117 | 01991628

This unique Thousand Palms desert estate is perfect for investors looking for a short term vacation rental or wedding/event center, contractors, landscapers or other home-based business owners, horse lovers or just people wanting a very private and unique desert retreat. The custom built, highly upgraded, newer, 4 bedroom + den, 4 bathroom home sits on 2.36 acres of fenced and gated land. The grounds are home to over 250 palm tress including over 100 income producing Medjool date palms, 3 horse corrals, a training ring and a horse wash station. From the grounds, you’ll be awed by the stunning views of Mt San Jacinto and both the Santa Rosa and San Bernardino Mountains. Once inside the front door, a spacious living and dining room with a high 16-18 ft soaring ceiling awaits. Off of this room is the chef’s kitchen, with custom cabinetry, stone counters, stainless steel appliances, a large island with breakfast bar and very large walk-in pantry with water and an electrical outlet for a second fridge. Adjacent to the kitchen is the spacious family room with a gas fireplace. The primary bedroom suite includes a spacious en-suite bathroom and large walk-in closet. The home offers 3 additional bedrooms and 3 additional bathrooms. At the back of the house, you’ll find a wide west facing shaded patio running the entire length of the home, as well as plenty of room for a pool/spa and even a casita or other building. Features of the home include Venetian plaster walls, custom cabinetry, tile floors laid in a Versailles pattern in the main living areas, ceiling fans with lights in every room and many more amenities. The home includes an oversize three car attached garage, with plenty of space for storage. Secluded and just down the street from the Coachella Valley Preserve and Thousand Palms Canyon, yet only three miles from Interstate 10, Costco, Agua Caliente Casino Resort Spa and the Monterey Marketplace and Desert Gateway Shopping Centers, with Walmart & Sam's Club, Home Depot, Kohl’s, PetSmart, Clark's Nutrition & Natural Food Market & many other shops and restaurants. Truly a beautiful and enchanting private desert retreat. 

Features Of This Home At A Glance:

•         Unique Private Desert Oasis Retreat
•         Over 100 Income Producing Medjool Date Palms
•         2.36 Fenced & Gated Acres
•         3 Horse Corrals, Training Ring & Horse Wash Station
•         Custom Built 3,610 Sq Ft, 4 Bedroom + Den, 4 Bathroom Home
•         Soaring 16-18 Ft Ceilings In Great Room
•         Chisel Edge Tile Laid In A Versaille Pattern In Main Living Areas
•         Venetian Plaster Interior Walls
•         Oversized 2,500 Gallon Septic Tank System
•         Extra Deep 500 Ft Water Well
•         Home Elevated 5-6 Ft For Flash Flood Protection
•         Stunning Views Of Mt. San Jacinto & Both The Santa Rosa & San Bernardino Mountains
•         Close to the Coachella Valley Preserve and Thousand Palms Canyon
•         Sweeping Covered & Paved West Facing Back Patio Extending The Entire Length Of The Home
•         Oversized Insulated & Drywalled Triple Car Garage
•         Energy Efficient Tankless Hot Water Heater
•         Imperial Irrigation District (IID) for Reduced Power Costs

MLS# 219067314 | Listed at $1,450,000 | Details, photos, floor plan & both virtual & video tour: http://www.31453chimayord.com

CalDRE 01898254 | 01896117 | Broker CalDRE 01991628

Looking for some fun things to do in December, then check out our December Calendar of Events, courtesy of our colleagues Catherine, Kathleen and Dawn at First America Title:

Holiday 'WildLights' | Nov. 23-Dec. 30 from 6-9pm | The Living Desert Zoo & Gardens, Palm Desert

WildLights is celebrating 29 years dazzling guests by transforming the Zoo into a sparkling winter wonderland. Come to this festive, annual tradition and marvel at more than a million colorful, sparkling holiday lights. Guests will encounter a herd of life-size, luminescent animal lanterns, explore newly added pathways and stroll through the popular tunnel of lights flashing to holiday music. G-scale model trains with more than 3,300 feet of track will be decked out for the holidays. For more information: 760-346-5694 | www.livingdesert.org

Merry Movie Nights | Nov. 27, Dec. 4, 11, 18 at 5pm | The Gardens on El Paseo, Palm Desert

A once-a-week outdoor cinema experience with the goal of refocusing and reengaging Coachella Valley residents. Join us on the Center Lawn in front of Saks Fifth Avenue for family holiday films + the sights of snowfall. Bring your own blankets and dress warm! Movies will begin at dusk (5pm) and are the perfect chance to relax, connect and enjoy family and friends. For more information: 760-862-1990 | www.thegardensonelpaseo.com

Palm Springs Holiday Tree Lighting | Dec. 3 from 4:30-5:45pm | Frances Stevens Park

Featuring community tree lighters Mariah Hanson, founder of Dinah Shore Weeeknd and Linda Barrack, CEO of Martha's Village and Kitchen, along with Santa Claus and the Palm Springs City Council. The festivities kick off at 4:30pm in the park on the corner of Palm Canyon Drive and Alejo Road, and will feature free cookies and hot cocoa, traditional holiday caroling, children’s craft activities followed by a visit from Santa Claus of course! Then it’s time for the lighting of the city’s magnificent 22-foot “green” Holiday Tree adorned in thousands of energy efficient lights. It all takes place at 5:15pm sharp! For more information: 760-323-+8299 | www.palmspringsca.gov

Palm Desert Tree Lighting Ceremony | Dec. 3 from 5-7pm | The Shops On El Paseo, Palm Desert

The holiday season is official once the golden lights of the Christmas tree are twinkling again above El Paseo. Join the merriment at the annual The Shops on El Paseo tree lighting ceremony where carolers’ voices will fill the air and yummy treats galore will tempt with seasonal flavors. Photo opportunities abound between a larger-than-life snow globe and Santa and Mrs. Claus on hand to wish everyone glad tidings. The event also kicks off The Shops on El Paseo Toy Drive, which goes through the end of December. For more information:  760-341-4058 | www.theshopsonelpaseo.com

El Paseo Cruise Night | Dec. 3 from 2-5pm | The Gardens on El Paseo

The cool, shiny, lovingly cared-for cars begin arriving around 2 p.m. at the upper level of the parking structure behind The Gardens on El Paseo. Get a look at these beauties and talk to the owners before the cruise, or find a corner on El Paseo to watch the passing parade when they start cruising around 4:30pm. For more information: www.elpaseocatalogue.com

La Quinta Tree-Lighting Ceremony | Dec. 3 from 6-8pm | Civic Center Campus

Everyone is invited to celebrate the holiday season in La Quinta’s very own winter wonderland. Join us at Civic Center Park for some holiday cheer! For more information: 760-777-7000 | https://www.laquintaca.gov/Home/Components/Calendar/Event/14810/

First Friday Art Walk on Perez | Dec. 3 from 5-8pm | Perez Plaza, Cathedral City

Looking for an opportunity to walk and view some amazing art at the same time? Then come wearing your face mask and social distance at the First Fridays Art Walk on Perez Road. For more information: www.cadesertarts.org

Palm Springs Festival Of Lights Parade | Dec. 4 at 5:45pm | Palm Canyon Drive

"Over the years, the Palm Springs Festival of Lights Parade has become a beloved holiday tradition in downtown - bringing thousands of Coachella Valley residents and their families as well as tourists from all over the world to come see the twinkling floats while celebrating the joy of the holiday season,” says Mary Jo Ginther, Director of the Palm Springs Bureau of Tourism “There’s no other special event in the Coachella Valley quite like it!” For more information: 760-323-8276 | www.psfestivaloflights.com

Indio International Tamale Festival | Dec. 4-5 from 10am-7pm | Downtown Indio

Visitors delight in scrumptious tamales, endless alternative food options, shopping, and all-day entertainment. Festival fans like to relax while enjoying a variety of live entertainment including live music from local and regional bands, traditional Folklorico dancing, vintage car show, and a community parade. Admission is free. For more information: 760-391-4000 | https://www.indiotamalefestival.com/

Ironman 70.3 Indian Wells-La Quinta | Dec. 5 from 7am-4:30pm | Indian Wells Tennis Garden

Join the triathletes or cheer them on as they race through a course that includes a swim at Lake Cahuilla, a bike race through La Quinta and a half-marathon beginning and ending at the Indian Wells Tennis Garden, all totaling 70.3 miles. For more information: www.ironman.com/im703-indian-wells

Margaritaville USA Pickleball National Championships | Dec. 6-14 | Indian Wells Tennis Garden

Coupled with the incredible on-court action, attendees can expect to find amenities including a wide selection of the latest pickleball paddles, apparel and gear from a variety of vendors at Retail Village. Delicious food and concessions will also be available, with a myriad of dining options sure to satisfy every type of hungry pickleball enthusiast. For more information: www.usapickleballnationalchampionships.com

North Pole Village & Mayor's Tree Lighting | Dec. 8 from 5-7pm | Cathedral City Civic Center Plaza

The annual event includes a lit Hollywood-style movie set themed as Main Street at Santa’s North Pole. Snow-Fest captures all the holiday spirit and places it at one event with holiday music and carolers, Santa Claus, holiday tree lighting ceremony, candy canes, bike giveaways for kids, and a free movie at the Mary Pickford Theatre. Free admission and free parking. The 'North Pole Village' features nearly 20 store fronts painted as if they came right out of a children’s book. It will remain as a static display all the way through the beginning of the New Year and ending on January 9. For more information: 760-770-0396 | www.discovercathedralcity.com

Desert Air - Music & Dance Festival Under the Sky | Dec. 10-11 from 4pm-12am | Palm Springs Air Museum

Desert Air debuts a dance weekend getaway under the desert sky – hosting two intimate days of world-class underground dance music amongst the historic aircraft. No parking is available at the venue - a shuttle pass is highly encouraged for the best and easiest way to get to and from the Air Museum. Proof of full vaccination is required for entry. For more information: 888-833-1031 | www.desertairfest.com

Desert Hot Springs Parade of Lights & Holiday Festival | Dec. 11 from 5:45-10pm | DHS City Hall: Palm Drive

This year’s theme will be Storybook Christmas. Free Cotton Candy, Free Carnival Rides, Free Pictures with Santa, Food Vendors, Live music performance by HindSite. For more information: 760-329-6411 | https://www.cityofdhs.org/event/parade-of-lights-holiday-festival/

Becky Baker Memorial 5K | Dec. 11 from 8-10am | 81-750 Ave 46, Indio

Honor a Beloved Teacher, Coach, and Friend at the fastest 5K in the Coachella Valley! Proceeds will support Rajahs Cross Country and Track programs to contribute to improving training facilities and equipment. Free Events and Activities: 100 meter dash ages 5 and under, 400 meter run ages 6-9, Memorial and Awards Ceremony, After Party Food booths and DJ. For more information: www.runsignup.com/Race/CA/Indio/BeckyBakerMemorial5K

Art on Main Street | Dec. 11 from 10am-4pm | Old Town La Quinta

Art on Main Street features over 100 artists each season showing and selling their paintings, jewelry, mixed media, photography, ceramics, glass, woodwork, textiles, sculptures and more. The shows are a local favorite and an Old Town tradition. They are set amidst Main Street’s charming cafes and boutiques. For more information: 760-600-0758 | www.oldtownlaquinta.com

Indio Holiday Craft Fair | Dec. 11 from 9am-12pm | Indio Community Center Park

Come on down to our Holiday Craft Fair. This is a great way to celebrate the holidays by making a handmade gift for one of your loved ones. This event will take place outdoors and will have various craft stations. Each participant will have the opportunity to make 4 crafts total. Space is limited and registration is required. For more information: https://www.activekids.com/indio-ca/classes/holiday-craft-fair-2021

Zero Prostrate Run/Walk | Dec. 12 at 7am / Palm Desert Civic Center Park

A live, in-person event, with a virtual option available. Participating in either event helps raise both awareness and funds for the cause, and provides direct support for patients and families affected by prostate cancer. For more information: https://support.zerocancer.org/

Santa Paws 5K | Dec. 18 at 9am | Temple Isaiah, Palm Springs

Palm Springs Marathon Runners and the Greater Palm Springs Lions Club welcome you to the Santa Paws 5K benefiting Guide Dogs of the Desert. Join one of the biggest gatherings of Santa in the world as you don your 5 piece Santa Suit (included with registration) and spread your Ho! Ho! Ho! over this beautiful 5K course. This is a runner, walker, stroller and doggie-friendly event. Price: $15 and up. For more information: https://www.active.com/palm-springs-ca/running/distance-running-races/santa-paws-5k-and-lil-elf-dash-2021?int=

Santa Fly-In and Winter Light Show | Dec. 18-22 from 6-8pm | Palm Springs Air Museum

Ho, Ho, Ho and Away we go... Each evening Santa Claus will arrive at the Air Museum in his helicopter to greet all the good little girls and boys who have come to see him. In addition to sitting for photographs and having a special gift for each child, Santa will open the museum to reveal a Christmas light spectacular for children young and old to enjoy. For more information: 760-778-6262 | www.palmspringsairmuseum.org

Palm Springs VillageFest Every Thursday from 7-10pm | Palm Canyon Dr between Baristo & Amado Roads

Every Thursday evening in downtown Palm Springs, enjoy a diverse array of artists, artisans, entertainers, assorted fruits, vegetables, fresh flowers, jewelry, international cuisine, and don't forget the sweets. For more information: 760-320-3781 | http://villagefest.org/

Please note: Events are subject to cancellation or changes in date and times. Please confirm with event organizers first.

CalDRE# 01898254 | 01896117 | 01991628

Space galore in this 5 bedroom + bonus room, 5 bathroom home in the very desirable La Quinta Del Oro area of central La Quinta. This freshly painted home features plantation shutters on almost all windows and refaced kitchen cabinets with quartz kitchen counters. In addition to the many generous sized rooms, there is loads of storage. The 3rd car garage has been converted (but may easily be changed back) to a bonus air-conditioned work / hobby room. Off the formal Dining Room and overlooking the side yard, there is a windowed air-conditioned sunroom, complete with professional grade overhead patio heaters. The south facing backyard also has a charming fountain, pebble finish pool & spa and several citrus trees. Out back there is a covered patio with professional grade misters and a large screened in porch with fans opening to Family Room & Primary Bedroom. Upstairs there is a very large bonus room complete with kitchenette / wet bar and 85'' inch flat screen television, 2 bedrooms, a full bathroom and a powder room. Perfect home with good separation for multigenerational, blended or shared living options.  No HOA fees and being in the Imperial Irrigation District (IID), low electric bills.  Just a short stroll to the Indian Wells Tennis Garden, home of the world-famous BNP Paribas Tennis Tournament and minutes to dining, shopping, galleries, events and award winning schools, with easy access to the I-10 freeway.

Features Of This Home At A Glance:

•        Great Central La Quinta Location Near The Indian Wells Tennis Garden
•        3,400 Sq Ft, 5 Bedrooms, 5 Bathrooms
•        Move-In Ready With Fresh Paint & Refaced Kitchen Cabinets With Quartz Counters
•        Plantation Shutters & Ceiling Fans In Most Rooms 
•        Large 10,454 Sq Ft Lot With Pool & Spa In The South Facing Back Yard
•        Backyard Mountain Views
•        Two Sunrooms - One Glassed In & Both Heated & Air Conditioned, The Other Screened   

MLS# 219070793 | Listed at $699,000 | Details, photos, virtual tour & floor plan at: http://www.78355viacaliente.com

CalDRE# 01896117 | 01898254 | 01991628