Palm Desert’s Bighorn Sale is Valley’s highest Luxury Home SOLD.

The highest recorded Luxury Home Sale to Date for the Coachella Valley just closed.  Listed at 9.75 million, the sale is second only to the sale of the former Blixseth estate, Porcupine Creek.  Porcupine Creek is not a good comparable (Sold for 42.9 million recently), because it included a private Golf Course as well as four guest homes!  But..for a single family residence, this 9,798 sf home on approx. 2.2 acres at the Bighorn Golf Club pushes our Luxury Home prices to anotehr level.

A sale of this magnitude, in this market, lends some weight to the theory that the market is very strong at the very top.  Luxury Homes in the Valley have continued to sell, although many have experienced drops of approx. 35% from the housing peak days of 2005-2006.  When a great value comes up, or a luxury home that someone has been get sold!  Luxry Sales across the Valley are on the rise.  Other gated, golf course communities seeing increased sales are The Hideaway Golf Club, The Tradition Golf Club, and The Madison Club to name a few.

Buyers waiting to move up are doing it.  Buyers who have been watching the Luxury Market settle down are making the move into real estate.  Investors from other countries and other States are deciding to park their money in the Valley’s real estate.  2012 looks to be a very strong year in the Palm Springs Valley!

Speak Your Mind

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Date last updated: 4/21/14 5:42 AM PDT

This IDX solution is (c) Diverse Solutions 2014.