SOLD in the past several weeks; summer season is on fire!

Spectacular settings garner more money/sf in la quinta

Spectacular settings garner more money/sf in la quinta

It is HOT here in the Palm Springs area..afterall, we are a desert!  Normally our summer season slows down quite a bit from high season, and this summer DID slow down.  However, it has been a steady stream of sales for established Realtors.  I just sold another Listing and am actively seeking new Listings here in our desert cities so that I may expose them to my supurb marketing system!  July saw our 7th consecutive month of price increases for our Riverside County homes (CDAR housing report).  Absolutely true, but my Sellers have to be careful not to OVER price their property.  Whether you own Land, an Equestrian Ranch, or a Residential property, price it appropriately to SELL!

Your Realtor should advise you of a price/sf that is based on solid comparables and recent sales.  After that number is established, you and your Realtor must review carefully y our own personal situation.  Do you need to get out now?  Are you ok with taking a chance that you will get more money in the high season?  Are there family issues?  Share all the pertinent information with your Realtor and your La Quinta property will SELL!  Who wants to see a FOR SALE sign stuck in the ground if not to actually SELL their property????

My Sales over the past 3 weeks..

1.  Lavender Way, Canyon Crest  in central Palm Desert.  I am representing the Seller and we listed at $413,500..a little ahead of the market.  We received a full price cash offer after a couple months of extensive marketing/showings.

2.  The Hideaway Golf Club; La Quinta.  I brought my Canadian buyers to this lovely home with startling golf course, to Santa Rosa mountain views.  $2,795,000.  Our local high end golf clubs have been gaining traction over the past 6 months and I expect the price/sf to see a slow, stead rise throughout the winter season.

3.  PGA West, Norman course; La Quinta.  I am representing the Sellers at $1,349,000.  Again..just ahead of the market based on recent comparables, but a very patient Seller.  Listed at approx. 100 days, we got our number.

If you are looking to Buy or sell your home in La Quinta, Palm Springs, Rancho Mirage, Palm Desert, Indian Wells or the more easterly areas of our Valley, give me a call at 760-285-3578.

Are you a Canadian thinking of buying in the US?

Canadians in the desert
Canadians in the desert

Canadians and taxes; be on top of it!

If you’re Canadian and are thinking about buying property in our beautiful winter wonderland here in the desert..or anywhere else USA, read this.   Still a great investment strategy for your portfolio, but always super wise to consult your tax professional, get the required docs in Canada and USA so you know what to expect!

Buying in the Palm Springs Valley is a dream for many foreigners.  Our warm winters are not to be beat.  Golfing, hiking, biking, swimming, shopping, dining outside in the middle of winter, strolling the local art galleries, heading out to cabazon for some killer designer shopping..whatever.  There is no reason NOT to buy a winter investment home here in the desert, but be smart.  Consult your CPA or tax attorney first!

If you’re feeling shaky?  The BIG BOYS are buying investment homes in bulk..that should be some comfort!

Indian Wells CC; Manitou Springs

indian wells short sale expert
indian wells short sale expert

Indian Wells has so many resident amenities!

Indian Wells Country Club, located in the center of our Palm Springs Valley, is one of our more established country clubs.  The entry is right off of 111, HOA’s are low, and there are several gated and non-gated areas within the country club that feature special amenities and architectural styles..such as Manitou Springs.

What they say

“There’s a warm feeling here,” said Dick Hedwall, 81.

Hedwall has lived in the neighborhood for 18 years. Prior to that he was a part-time Rancho Mirage resident.

“We were originally looking in the same area as our old home, but this area immediately became a desirable spot for us,” Hedwall said of Manitou Springs.

The community is self-contained, quiet and very friendly, and the beauty of the night lit mountains is hard to imagine until you’ve seen them!  Gorgeous!

Features

The community is small and not gated. There are no homeowner’s association amenities, but the homes have private pools.

As with all Indian Wells residents, Manitou Springs residents receive discounts at city golf courses, resorts and reduced ticket prices for the Living Desert and the Indian Wells Tennis Garden.

Residents also have access to the fitness center at the Hyatt Regency Resort and Spa.

Background

Development of homes in the neighborhood began in the 1960s.

There has been consistent new construction and remodeling of existing homes since.

Coachella, Thermal Land & Ranches..time to SELL!

Equestrian land for sale in Palm Springs Valley
Equestrian land for sale in Palm Springs Valley

Land and Ranches..now’s the time to List!

It just may be the BEST time to list your vacant land, farm or ranch in the Coachella Valley.  Thermal, Coachella, Indio, Vista Santa Rosa..the entire East Valley is SELLING!  Now, don’t get too excited..the price/acre is nowhere near where it was during the “boom”., but we haven’t seen much land move at all for the past 3 years.  But things are starting to pop in our Eastern Palm Springs Valley.

The past 6 months have seen as many parcels SOLD!  From small parcels, with and without wells, commercially zoned land way out next to the Kohl Ranch Project, and medium sized farms..there are buyers hovering around.  Equestrian zoning is often requested, wells are fantastic, some improvements such as fencing, irrigation and perhaps barns are really increase the price/acre.

Vista Santa Rosa and Thermal land price/acre is settling at approx. $22-30,000/acre.  I know that’s still a little depressing for you land owners if you were still remembering the $150-$250,000/acre that land was bringing when the developers were building and building out here!  But..at least we know what it’s worth, right?  Kind of similar to the low end housing market that had to keep dropping until it hit that “sweet spot” that Buyers were waiting for.  Then the decrease stopped..and in fact it’s increased!  I suspect our Land is doing just that now

Thinking of listing your land, ranch or equestrian property?  Don’t wait too long..season is here!

3 requirements of your Listing Agent

La Quinta luxury Agent
La Quinta luxury Agent

..still waiting to sell our house…

Listing Agents here in the Palm Springs Valley of California are everywhere!  How do you know what to look for when you decide to sell your property?  It’s not that difficult to put together a “blow your skirt up” listing presenttion.  That simply requires time.  It’s much more difficult to put together experience, references, and of course trust.

1.  Is your Listing Agent hungry?  Some Agents have so many listings that they simply cannot focus enough attention on YOUR property!  Other Agents with many listings have a staff set up to manage them, but how badly do they want to sell YOUR property?

2.  Does your Listing Agent use the Web?  Seriously use the web?  Paper ads in the newspaper and Real Estate mags are a supplementary advertisement to their exposure on the web.  Where is their Website ranking?  Where is their brokerage website ranking?

3.  How long has your Agent sold homes in your City?  There are so many different developments in each City that you wouldn’t expect an Agent to have sold in all of them.  But selling in your particular part of the Valley is pretty important.

The onsite offices are not necessarily the best choice for the Agent to sell your home.  They can become pretty laid back about marketing..expecting buyers to walk in.  You may very well garner more exposure with an Agent that works the entire City because of their internet precense and social media precense.

Times have changed.  The Agents with the most listings ACTIVE, may not be as strong as the Agents with the most listings that are Contingent, Pending, and certainly SOLD!

Veneto in Rancho Mirage;a taste of the old world..

Rancho mirage short sale expert

 

Rancho mirage short sale expert

Beautiful Rancho Mirage

Location is what it’s all about with Veneto in Rancho Mirage California.  This Tuscan inspired development of only 39 homes and Villas exudes quiet elegance and class.  Cobblestone streets with a large central fountain welcome you and when you follow this cobblestone path through this enclave, you will find yourself at the Club Room.  Not a grand, clubhouse, but a club room with a friendly, understated atmospher with a catering kitchen, card tables, a pool and a lovely outdoor fireplace.

All the amenities of a 5 star vacation resort are here at Veneto.  Concierge service, twenty four hour security, unique architecture, interior featuring Venetian plaster, imported stones and marbles and lush gardens throughout.  Truly a sight in the middle of our gorgeous desert.

The quiet community of Veneto opened it’s gracious doors in 2001.  Directly across the street from the famed Thunderbird golf course and next to The Lakes, some of these stately homes offer golf course views.  Recent HOa’s are $534/month for homes and $759/month for the attached Villas.

There are currently two homes for sale in Veneto.  Homes range from approx. 2400 sf to approx. 6100 sf.

If you are looking for a central Rancho Mirage location, a classy, yet intimate community, you might want to consider Veneto in Rancho Mirage.

 

Palm Springs Valley Home Sales Rise 20%!

La Quinta short sale expert
La Quinta short sale expert

..another homes SOLD!

Inventory is low..lucky to have 3 months of inventory where a normal inventory amount of homes for sale is about 5-6 months at the low end.  I think we will continue to see more inventory listed as we approach season (this is very normal for the desert market).  I sure hope so!  There is built up Buyer demand in all price points so more homes for Sale..if they’re priced right, will just ease demand..

Valley Prices up 20%!!!!       (Courtesy of The Desert Sun)

Rancho Mirages’ unique Desert Island High-Rise Condos..

Rancho Mirage short sale expert

Rancho Mirage short sale expertI often hear, and believe, that our Palm Springs Valley offers something for everyone.  And so it is with Desert Island in Rancho Mirage.  One of a kind, this 226 unit condo complex built in approx. 1971,  on Bob Hope and Frank Sinatra in Rancho Mirage, consists of 3 hi-rise buildings, each with it’s own heated pool/spa.

Condo sizes range from approx. 1500 sf to approx. 3000 sf with some penthouses coming in at near 5,000 sf.  Prices range from approx. $170,000 to approx. $1,000,000 for penthouses.

What’s the draw??  Desert Island is nestled on a lush, green 25 acre island right in the middle of Rancho Mirage!!  The island is surrounded by a mesmerizing lake, which is encircled by a 110 acre, 18 hole Championship, private golf course!  Wow!

Desert Island offers many amenities for it’s approx. $845/month HOA.

Interested?  Give me a call at 760-285-3578 to schedule a showing of any of the Condos currently available for sale.

Housing Stats for the week..LA, San Diego & San Francisco

La Quinta luxury homes for sale
La Quinta luxury homes for sale

The Palm Springs & La Quinta Valley housing market is recovering..

I like to keep up with my local Palm Springs Valley statistics too, but I found this chart very interesting..it actually looks at the number of active Brokers.  We are at the lowest rate since 2007!  I was around in the boom when every other person you met was a Realtor.  I think many people were not doing Real Estate as a career, but rather a “part time” supplement to their income..flipping or representing family/friends.

Take a look at these statistics..

In my local market here in the Palm Springs Valley, even vacant land is beginning to generate calls, and that’s something I haven’t had happen in almost 3 years!  My ranch/small farm listings in the East Valley are being toured and I expect I will receive offers this season.  Land is always the last thing to turn around in a housing crash, so land sales are very indicative of builder and investor confidence returning.

Mortgage Debt Relief Act: Expires 12/31/2012!

La Quinta Short Sale expert

The Debt Forgiveness that people with Foreclosures and Short Sales on their Primary and investment proerties La Quinta Short Sale experthave been enjoying since 2007 expires the end of 2012.  What’s going to happen?  It’s an unknown.  It would seem that the Debt Forgiveness would be extended since it is one of the primary reasons that people have been able to re-organize and get back on their feet.

But..there is NOTHING logical about the Lenders I we know all too well from working Short Sales for the pasat 4, almost 5 years.  If they see that it will affect their own bottom lines, I suspect it will be extended.  In the mean time, be sure you get your Short Sales closed by 12/31 of this year.  … [Read More]