Coachella Valley Real Estate By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!
Contact Kimberley Today! Phone: 760-285-3578 Email: kjkpolo@gmail.com License # BRE01329387
Coachella Valley Properties By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!

Coachella Valley Real Estate - Homes for sale in Coachella Valley

Is Lithium the answer for saving the Salton Sea?

by

The beautiful Coachella Valley, includes the Salton Sea.

Is Lithium the answer for saving the Salton Sea?  For us locals, the Salton Sea is the source of the sulfa smell that sweeps up through our valley a couple times a year..dead algae or something causes it.  The Imperial Valley has a new nickname; Lithium Valley, and the governor has called it the Saudi Arabia of lithium!  It appears there are vast reserves of the white hot mineral beneath the hot surface of the Salton Sea.  (the Desert Sun)

Lithium is a main ingredient in electric vehicle and power grid batteries, and will be jointly produced with clean geothermal steam power.  Lithium prices soared to $450,000 for a ton of finished lithium in late April.  In China, lithium prices have risen sixfold between Jan. 2020 and May 2020 due to the increased demand for electric vehicles.  Lithium the lightest known metal on earth can hold an electric charge for long periods.  There are three companies testing or scaling up technologies at the Salton Sea.

Not sure when it’ll happen, but it sounds like within a year, we should be reading about production in the Salton Sea area.

Take a tour of this amazing 9.4 acre estate in Coachella.  This incredible property has 4 homes, a 12 stall barn, an organic orchard, 5 hole pitch n putt golf course, a huge reservoir and a waterfall.  It is so gorgeous, and walking distance to the Coachella Music Festival grounds. 

 

 

 

 

What’s ahead for real estate in 2022?

by

Land and equestrian properties need curb appeal too!!

What’s ahead for real estate in 2022?  So, we’re half way (almost) through the year and the coachella valley real estate is still smokin hot..but are there signs that it’s ending??  I don’t have a crystal ball, and I personally am very aware of the increased Mortgage rates, the increasing Inflation, and hugely fluctuating stock market, BUT I have no insight as to what’s going to happen in the future, so I thought I’d write a blog on exactly that from some different sources.  Decide for yourself!  Kim Kelly, local realtor for over 20 years 760-285-3578.

It’s been a red hot housing market from East Coast to West Coast.  Why?  COVID allowed buyers to work remotely, Interest rates were insanely low, and years of more demand than supply in the housing market all helped to create that storm.  Fortune reviewed seven industry forecast models to help us PERHAPS see what’s coming..

US home price growth:  Since 1980 Fortune calculates average price growth of 4.6%/year.  Over the past year price growth (19 % +) is four times that level.

Rising Mortgage Rates:  Even though we are still at good MI rates of 3.4-3.6% by the end of the year, it will cut out many buyers.

More or less mobile workers?  CoreLogic states that as we head into 2022, moderation in the current flight pattern may be changing.  IF corporate America pushes harder to bring staffers back into the office, that may slow buyer demand.

Take a tour of this amazing property, 20 acre working farm for $1,775,000

 

 

March real estate update in the Coachella Valley

by

Multi acre estates are in high demand in the Coachella Valley!

March real estate update:  The Coachella Valley continues, like most of California to notch record breaking sales, and increasingly depleted listing inventories.  Sellers continue to be in the drivers seats, especially with residential properties.  The land values are continuing to bring increased prices/acre, and developed equestrian properties that can double as event sites are much in demand.

Overall, sales are staying swift, and residential properties are being purchased faster than they can be replaced.  Here are some statistics pertaining to our local market..

  • Approx. .6 month inventory (stable market is considered at about 6 months inventory)
  • 1,079 homes sold in March, 2022, with a sales volume exceeding $677 million
  • Sales volume increased 11.6% from last year.
  • March saw 1116 new listings, a 9.9% decrease from March last year, but an increase from February of approx. 10%.
  • Median sales price increased 23.9% from last year to $607,000
  • Average price/sf is $426 a 35% leap from last year.

I rates are rising, that’s true, but here in the Coachella Valley, most property purchases are cash deals, so it remains to be seen how much of an impact I rates will have.  Take the tour below of a 9.4 acre estate in Indio..

 

 

Just Listed; Leja Farms in Coachella

by

Leja Farm in Coachella, just listed. Prime location with 35+ acres.

Just Listed; Leja Farms in Coachella, CA.  First time on the market for this family owned 35+ acre date packing facility in a critical location in Coachella.  What an opportunity to acquire an investment opportunity in the booming city of Coachella.  

Farms and Land are seeing an incredible surge of interest in the entire Coachella Valley, in particular in the Eastern Coachella Valley.  If you are looking to buy or sell land, Ranches, or residential in the beautiful Coachella Valley, give me, a local Resident for over 30 years, and a Realtor for 20+, at 760-285-3578.

Not a ton of farms like this one come up for sale.  Family owned, first time on the market.  I have some other great land and farm listings if that’s what you’re looking for.  Residential properties are still smoking hot, and rarely last longer than a week on the market before they’re bid up.  This farm has it all.  Located in the OPPORTUNITY ZONE, making it a great tax haven for businesses and their employees in case you’re looking for development opportunities.  Three parcels, two homes, one built in the 60’s with a pool, and one built in the 90’s.  There is a date producing facility and an active date business currently in place if you’d rather continue with that.  Offered at $8,500,000, take the tour here…

Investment farms just listed in Coachella Valley

by

Coachella Farm for sale

Investment Farms just listed in Coachella Valley

Investment farms just listed in Coachella Valley.  The Eastern Coachella Valley is HOT!  I’ve lived here 40 years, been a local realtor for 21, and have never seen investment farms and land parcels in such demand.  If you’re looking for commercial opportunities in the explosive Coachella Valley, don’t wait.  Leja Farms is a 35 acre date production facility.  How about a 10 acre farm in Thermal?  Call local Realtor, Kim Kelly at 760-285-3578 for more information on Land and Farms in the Coachella Valley.

Leja Farms is a 35 acre family owned date farm in a key Coachella valley location.  On the corner of 52 and Van Buren, the farm is 3 legal APN’s.  There is a hard signalized corner right by the commercially zoned northern portion of the farm.  The middle parcel is home to the date sorting/storage facility, and is zoned medium density residential.  There are two homes on the property, and approx. 1475 palm trees.

A perfect Coachella Valley Event site on 9+ acres.

If you are looking for an established luxury lease event site, I have two for you! Threethumbsupestate.com is a 9.4 acre estate located walking or biking distance from the Coachella Festival grounds.  Offered for 8.5 (recent reduction of 1 mil!), this estate offers 8 beds/7 baths and multiple event sites.  One of a kind!

 

A 10 acre farm at Deer Creek Equestrian Center being offered at $2,995,000, this equestrian farm is in a gated HOA governed equestrian community located in Thermal, CA.  This parcel features a custom adobe home of approx. 1800 sf, gorgeous pastures, a community track and polo field and only 16 parcels in total.

Take a tour of Leja Farms here..

Coachella Valley real estate update

by

Coachella Valley real estate update

 

Coachella Valley, especially multi acre properties are hopping!

Things are hopping here in the Coachella Valley to end 2021 and begin 2022.  Not exactly news since real estate is selling pretty much everywhere right now.  Residential listings do not sit on the market unless they’re so extremely over priced for their community that it just doesn’t make any sense for a buyer.  The most interesting thing from my perspective is all the NEW money and buyers coming into our Coachella Valley..in particular the Eastern Coachella Valley.

 

Our beautiful Eastern Coachella Valley cities of Vista Santa Rosa, (which is unincorporated), Indio, Thermal, Coachella and even further East are drawing a lot of investment.  The land is still relatively inexpensive, it just isn’t that “far out”, as people once thought, and the development and activities moving Easterly continue to expand.

My vacant land  listings are generating interest, showings, and sales.  The price/acre hasn’t changed much, except that any land listings that are more Westerly..meaning closer to La Quinta amenities and nearer Coachella Festival grounds, have risen.  There isn’t a lot to choose from; certainly not if the location is close to the famed Coachella Music Festival grounds and polo fields.

Some recent changes in our Eastern Coachella Valley are the following..

  1. Empire Polo Club no longer will host actual polo games. Goldenvoice has leased the Empire Polo Club grounds through 2050.  They will be having events year round!
  2. Eldorado Polo Club right next door to Empire is already owned by Goldenvoice, but there are currently no plans to end the seasonal polo tournaments.
  3. There are several water parks planned. Not sure what stage they are in with them.
  4. There is a private golf course currently under development in Thermal.
  5. The Jacqueline Cochran airport has had extensive additions and renovations over the past several years.
  6. Multi acre properties in the county are generating strong sales. This is mostly due to local city ordinances limiting short term rentals and events, pushing buyers to the County.

Take the tour of this incredible listing at 54250 Monroe St., Indio.  It’s 9.4 fenced, secure and gated acres a walk or bike ride away from the Coachella Valley festival grounds.  Listed at 9.5 million and generating a strong short term lease return, this property is a great investment!

Thermal has some new projects going on!

by

The Eastern Coachella Valley city of Thermal has land, ranches & gorgeous homes!

Thermal has some new projects going on.  Thermal, CA. is an East Valley city that is generating alot of interest as we head into 2022.  There was the Thermal Beach Club that we heard about over a year ago.  What’s going on with that?  Now, there’s recent talk about a private golf course..very private near the southern tip of Thermal.  For local real estate information or a free property consultation, call Kim Kelly at 760-285-3578.

The Thermal Beach Club is proposed to be just south of the Jacqueline Cochran airport and just North of Ave. 66 in a corner of Kohl Ranch.  It was to have a surf club, various housing, but..the local residents raised the issue that this club in no way helps the locals.  Thermal needs more low income or at least moderate income priced homes.  Have a Beach Club wouldn’t be something that the local community feels would benefit many of the locals.

Coachella and the other Eastern cities of our beautiful Coachella Valley..Thermal, Indio, Mecca, are all drawing new interest.  I have lived here in the Coachella Valley for about 40 years now, and the East Valley was always considered “way out there!”.  Now, Indio is practically central valley, and Coachella and Thermal have become THE cities to invest in.  Take a tour of this beautiful farm in Thermal, offered for sale for $1,775,000.

 

 

Coachella Valley real estate update

by

Multi acre estates are in high demand in the Coachella Valley!

Coachella Valley real estate update.  The peak season for the desert real estate market is typically the 4th quarter, and this year has been no different.  The Coachella Valley is nobody’s secret any longer!  Call Kimberley Kelly, local desert realtor and resident at 760-285-3578.

Inventory is still less than half of what it was a year ago (915 vs. 2,014), and less than a third of what it was in October of 2019 (3,010). Are we going to see the explosion of listings that those in the Real Estate industry have been clamoring for? Or, will we see the normal seasonal increase in listings that would get us just above a thousand? Either way, it’s going to be an interesting season coming up in 2022.

The other current housing market stats remain pretty consistent. Median months of sales remain just under 1.0 (under 3.0 would indicate a sellers market), and the average discount rate is at a premium of 1.1%, meaning the average home is selling for 1.1% above list price. Average total number of sales are down 28% from a year ago (806 vs. 1,120), but still higher than what we experienced years prior. In fact, the number of sales has decreased year over year in every price point except homes above $1 Million. The largest decrease in the number of sale was in homes priced under $400k.

Take the tour of this incredible farm that is offered at $4,500,000 for 9.5 acres, 2 houses, 7 car garage, 2 barns, arena, paddocks..a wow!

Empire Polo Club leases to Goldenvoice!

by

luxury event sites for sale

This 9.4 acre estate around the corner from festival grounds is for sale $9.5 mil

Empire Polo Club leases to Goldenvoice!  Massive changes ahead for events in the Coachella Valley.  There is no more polo at Empire Polo Club.  Quite a shock for the polo players who played at Empire Polo Club, but great news with regards to real estate here in the Coachella Valley.  Empire Polo Club is being leased to 2050 by Golden voice.

The agreement provides Golden Voice with full operational control of the venue, meaning lots more events and music happenings year round are in the future.  The agreement also provides Golden Voice and their parent company AEG with oversight of Empire Grand Oasis on Avenue 58.  Golden Voice (Desert Sun) says the agreement ensures a broader spectrum of special events, sporting events and other private functions.  Further year round investment in Indio and our eastern Coachella Valley is sure to follow.  My multi acre estates have been in huge demand this past season, and I expect even more interest with this new announcement.

10 acre equestrian farm for sale

Small farms are such great luxury event sites and STVR properties.

One of our popular event venue listings at 9.5 million is Threethumbsupestate.  Another potential event venue is Valor Farm which is a 10 acre Equestrian farm in Coachella.  Valor Farm is currently an equestrian site with 2 amazing barns, turnout paddocks, a hay barn, a remodeled 5 bedroom home, a 7 car garage with an attached sleeping lounge, and a caretaker mobile.  Take a tour of this incredible 10 acre estate that is currently available for 4.5 mil.

 

 

 

High end market for Investors; a new home model

by

Small farms are such great luxury event sites and STVR properties.

High end market for investors; a new home model.  What’s left as far as a manner remaining to capitalize on the Coachella Valley real estate market?  With all the recent law change proposals for Short term vacation rentals, and luxury event site rentals, what’s next???  Call local realtor, Kim Kelly at 760-285-3578.

There is a one year old 1.5 billion company named Pacaso that is buying high end Coachella Valley homes and selling shares in them to investors.   Pacaso, (according to the Desert Sun) has bought properties in Palm Springs, Palm Desert, Indian Wells and La Quinta.  The idea is the now buyers who want a second home in the Coachella Valley, can now buy a 1/8 share of a luxury home.  If Pacaso does succeed, the company will probably be followed by others looking to cash in on this form of fractional home ownership.

Sound like a timeshare??  Does to me also.  Timeshares are banned in many areas of the Coachella Valley, and as we have all read, one of their prime problems is that an owner will find it very difficult to sell their time.  Pacaso categorically rejects this notion.  It says that it’s homes’ shareholders are buying shares in real property, not useage rights.  It remains to be seen how this fractional ownership will eventually be classified and if it can expand through our Coachella Valley.  In the meantime, take a tour of this lovely small farm that is for sale in Thermal, 20 acres, $1,775,000.

Featured Post

About

Follow Kimberley Kelly

  • Google+
  • facebook
  • youtube
  • twitter
  • instagram
  • Linkedin
  • Zillow
  • HK Lane
78100 Main St #108, La Quinta, CA 92253

Contact Kim

Call Kimberley at
760-285-3578
or email her at
kjkpolo@gmail.com.