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

Travertine in La Quinta

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Travertine in La Quinta

South La Quinta is planning to expand.

Travertine in La Quinta.  When I first got my license in California in 2001, and took my first real estate job selling new homes at PGA West in La Quinta, I remember hearing about this new development.  Now it’s 2024, and I’m hearing about it again!  What is Travertine in La Quinta?  Local resident and real estate agent, Kim Kelly is available to help you buy or sell your Coachella Valley real estate.  Give her a call at 760-285-3578. 

So the La Quinta city council is supposed to meet on Tuesday, August 6 regarding approval for the Travertine specific Plan Amendment. The project is approx. 876 acres and has been in the works for years.  Because it is so near to the Trilogy Community, and Andalusia, both bordering Avenue 61, the public hearings have been interactive with many comments about noise and increased traffic to the area.

Description: The Project would amend the adopted Travertine Specific Plan to provide for the development of a mix of uses including up to 1,200 dwelling units of varying residential product types and two community parks (east and west) on 378.8 acres; a 38.3-acre resort/spa facility with a 45,000-square-foot boutique hotel with a 175-seat restaurant, 97,500 square feet of resort villas, and 8,700 square feet of spa and wellness center; a 46.2-acre resort/golf facility with a 5,500-square-foot golf academy, a 1,000-square-foot clubhouse, and 10,000-square-foot banquet restaurant (500-seat capacity). The Project also proposes on-site and off-site drainage infrastructure, and recreational open space consisting of a 5-mile public trail system, staging areas, gathering areas, and passive and active spaces on approximately 55.9 acres. Natural open space land uses are proposed on approximately 301.2 acres on the southern portion of the Project property for conservation and preservation purposes.  (This description taken from the City of La Quinta website.)

I’ll be looking for the results of the council meeting on 8/6.  This is a huge project, and further evidence that our southeast La Quinta land is going to be changing from desert to cultivated acre upon acre.  Take a tour of this 9.7 acre date farm on the corner of Monroe/Ave. 62, very near this proposed community!  Just $795,000. 

 

 

Buyer representation or not?

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Buyers representation

Do you need an agent to help you?

Buyer representation or not?  This question is going to need to be answered by every real estate buyer who is looking to purchase a property from here on out.  We agents are now required to get our prospective buyers to sign a “Buyer’s Representation Agreement”, and we must list every address of every property that we tour with the prospective buyers.  As a long time agent, I work with both buyers and sellers, and feel pretty confident that I’ll be able to answer my clients’ questions!  Local resident and agent, Kim Kelly, is available to answer your questions!  760-285-3578.

Buyer’s Agent Agreement Defined

A buyer’s agent agreement is a contract between a home buyer and a real estate agent that defines how the two agree to work together. And that’s it! While an agent typically is the one who requests a buyer’s agent agreement, it’s meant to set expectations and protect both agent and buyer in case one party doesn’t hold up their end of the deal.

Think about it this way: If you were shopping at a store and a sales associate really took the time to help you find exactly what you were looking for, then they earned the commission for your sale. Well, let’s say after all the sales associate’s hard work, a different one swoops in right at the close, rings you up, and takes the first associate’s commission. Not okay, right? That’s the kind of funny business a buyer’s agent agreement protects a real estate agent from.

Likewise, if the sales associate you’re working with ends up doing an awful job, you’ll want to be able to find a better associate, maybe even a better store. Well, if the right conditions are outlined in a buyer’s agent agreement, that’s exactly what it empowers home buyers to do.

But before you sign anything, you need to make sure the right conditions are outlined—that’s the only way the buyer’s agent agreement will work for you. So how do you know good conditions versus bad ones?  The right conditions are:

  1.  What does the buyers agent do for you..the buyer?  This is where we, the agent, need to explain our value.  Most buyers have no idea how much time and effort goes into narrowing the search to properties that fit their criteria.  I’ve got 23 years experience in our Coachella Valley.  I am very familiar with the various communities in our desert cities.  That’s worth alot!
  2. How do I, as your agent, get paid?  The buyer agreement breaks this down.  The buyer pays my commission in the agreement.  Remember that commission is negotiable.  Even if you agree to pay this commission, it’s my job to negotiate with the seller to get you the best purchase price and terms.  Let me do my job!
  3. Length of contract.  You can start with a shorter term to try out your agent, then give them a longer term if you are satisfied with them.

Bottom line:  I think a buyer DOES need an agent working on their behalf.  If I were buying in an area I did not know, I’d certainly hire one to help me.

 

New Palm Springs Ordinance

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New Palm Springs Ordinance

New Palm Springs Ordinance

New Palm Springs Ordinance.  Palm Springs is now the first city in California to affirmatively recognize and regulate co-owned homes.  This is a big deal for companies like Pacaso.

Co-ownership is up more than 20% year over year, and is being marketed as the future of second home ownership.  By consolidating home buyers into fewer luxury homes, these companies relieve the pressure of second home demand.  Contact local resident and agent, Kim Kelly if you’re looking to buy or sell in the Coachella Valley.  760-285-3578.

The new Palm Springs Ordinance, passed by the Palm Springs City Council should help to integrate and also regulate co-owned homes, which are often luxury second or third homes for the buyers.  “This milestone sets a precent for other cities in California.  Buyers who purchase a home together through the co-ownership marketplace have an owner’s mindset and are committed to taking care of their home.”  Pacaso CEO states.

The new ordinance outlines rules designed to protect the neighborhood’s quality of life, and penalties for violations are clearly stated.  The new Palm Springs Ordinance compliments the Good Neighbor Policies set out by co-ownership companies.  Take the tour of this private 9+ acre equestrian estate located in Thermal. 

 

 

Is a 1031 for investment property only??

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Commercial corner in Coachella for sale

It’s the green parcel at the lower part of this photo..

Is a 1031 for Investment property only?  The short answer is yes.  If you are looking to do a 1031 tax exchange when you buy or sell a property, be sure to consult and hire a 1031 exchange company and work closely with your accommodator.  There are strict rules and regulations, time restrictions and other things you must be aware of and adhere to.  If you are looking to buy or sell a property in the Coachella Valley, give local resident and agent, Kim Kelly a call at 760-285-3578.

From the IRS Fact sheet:  To qualify as a Section 1031 exchange, a deferred exchange must be distinguished from the case of a taxpayer simply selling one property and using the proceeds to purchase another property (which is a taxable transaction). Rather, in a deferred exchange, the disposition of the relinquished property and acquisition of the replacement property must be mutually dependent parts of an integrated transaction constituting an exchange of property. Taxpayers engaging in deferred exchanges generally use exchange facilitators under exchange agreements pursuant to rules provided in the Income Tax Regulations. .

(courtesy of Exchange Resources, Inc.)  Is a 1031 for investment property only?  We are regularly asked if owner-occupied or personal-use property is exchangeable. It’s important to remember that the intent of the §1031 Exchange must be specifically for property held for investment purposes. However, there are some situations where investment and personal use might conflict or even overlap.

The most common example would be a duplex, a multi-unit property, or a property with an ADU where the owner occupies one of the units.  The essential questions for the taxpayer to ask are:

  • Have I been reporting a portion of the property and any income from it as investment property?
  • Have I been using a portion of the property for ‘Productive Use’ in a trade or business OR renting the portion at FAIR MARKET RENT.

If YES, then that portion could be eligible for a §1031 Exchange…

This 9.7 acre organic date farm would be a great 1031 business exchange.  Offered at only $795,000!

Thermal airport is expanding

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The Thermal Airport really opens up access to our Eastern Coachella Valley cities.

Thermal airport is expanding!  The name of the airport, which was established in 1942, was changed to Jacqueline Cochran Regional Airport in 2004.  The Eastern Coachella Valley is opening up even more.  The airport makes it easy for people with HITS show horses to fly in and out, and also for people who fly in and out of The Thermal Club, to race their cars.  If you are looking to buy or sell in the Coachella Valley, give local resident and agent, Kim Kelly a call at 760-285-3578.

Yes, Thermal’s Jacqueline Cochran Regional Airport (TRM) is expanding and is in the process of adding an air traffic control tower. The Federal Aviation Administration (FAA) is providing staffing for the tower if it’s built by 2027, but the deadline may be extended to 2029, so yes, the Thermal airport is expanding!

TRM is a public-use airport in Riverside County, California, located in the Coachella Valley, 23 miles southeast of Palm Springs. It has two runways: a primary north/south runway that’s 8,500 feet long and a northwest/southeast runway that’s 5,000 feet long. Some say the runways are long enough for most Boeing and Airbus aircraft to take off and land safely, and that the airport’s approach and takeoff procedures are easy and safe.
This gorgeous 2 acre property located at 59105 Lincoln St. includes a 1968 ranch style pool home featuring 4 bedrooms, 3 bathrooms, 2 car attached garage and the huge plus is the permitted 6400 sf warehouse!  Take a tour here…

Coachella Valley Sold and Pending Homes

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Coachella Valley real estate market

The Coachella Valley housing market

Coachella Valley Sold and Pending Homes:  This is from the MLS data.  It is very interesting and also educational.  It’s definitely slower than it was in 2023.  Buyers are waiting and sellers are holding.  That combination does not a strong real estate market make!  But I still encourage my buyers to continue to Look and keep a tab on the market.  Then when they are ready to step into the market, they are more educated.  If you are looking to buy or sell in the Coachella Valley, give Kim Kelly a call at 760-285-3578.

Pending and Sold Coachella Valley Properties for past year

Sold Listings
This Month Year to Date
2023 2022 % Chg 2023 2022 % Chg
0-99,999 34 36 -5.6 144 181 -20.4
100,000-149,999 53 58 -8.6 225 242 -7.0
150,000-199,999 91 85 7.1 446 524 -14.9
200,000-249,999 148 148 0.0 715 885 -19.2
250,000-299,999 269 282 -4.6 1232 1549 -20.5
300,000-349,999 424 443 -4.3 1876 2361 -20.5
350,000-399,999 653 660 -1.1 2766 3475 -20.4
400,000-449,999 787 812 -3.1 3257 4337 -24.9
450,000-499,999 817 859 -4.9 3537 4399 -19.6
500,000-549,999 861 1006 -14.4 3559 4801 -25.9
550,000-599,999 866 922 -6.1 3530 4631 -23.8
600,000-649,999 937 998 -6.1 3785 4674 -19.0
650,000-699,999 793 946 -16.2 3519 4508 -21.9
700,000-749,999 783 876 -10.6 3268 4158 -21.4
750,000-799,999 797 865 -7.9 3097 3973 -22.0
800,000-849,999 639 795 -19.6 2517 3589 -29.9
850,000-899,999 616 735 -16.2 2342 3311 -29.3
900,000-949,999 463 575 -19.5 1784 2572 -30.6
950,000-999,999 383 500 -23.4 1538 2322 -33.8
1,000,000-1,099,999 530 637 -16.8 2073 2865 -27.6
1,100,000-1,199,999 504 570 -11.6 1933 2514 -23.1
1,200,000-1,299,999 497 559 -11.1 1834 2406 -23.8
1,300,000-1,399,999 403 430 -6.3 1454 1944 -25.2
1,400,000-1,499,999 293 367 -20.2 1050 1585 -33.8
1,500,000-1,599,999 289 273 5.9 946 1220 -22.5
1,600,000-1,699,999 227 240 -5.4 772 1063 -27.4
1,700,000-1,799,999 196 209 -6.2 669 838 -20.2
1,800,000-1,899,999 146 199 -26.6 522 757 -31.0
1,900,000-1,999,999 130 148 -12.2 446 578 -22.8
2,000,000-2,249,999 225 261 -13.8 849 1139 -25.5
2,250,000-2,499,999 194 195 -0.5 640 869 -26.4
2,500,000-2,749,999 135 166 -18.7 511 711 -28.1
2,750,000-2,999,999 105 96 9.4 363 471 -22.9
3,000,000-3,249,999 73 100 -27.0 274 435 -37.0
3,250,000-3,499,999 52 71 -26.8 202 298 -32.2
3,500,000-3,749,999 43 66 -34.8 164 279 -41.2
3,750,000-3,999,999 33 49 -32.7 140 246 -43.1
4,000,000-4,249,999 30 45 -33.3 101 180 -43.9
4,250,000-4,499,999 23 36 -36.1 79 167 -52.7
4,500,000-4,749,999 19 38 -50.0 80 121 -33.9
4,750,000-4,999,999 27 22 22.7 76 90 -15.6
5,000,000+ 114 195 -41.5 597 891 -33.0
Totals 14702 16573 -11.3 58912 78159 -24.6
Pending Listings
This Month Year to Date
2023 2022 % Chg 2023 2022 % Chg
0-99,999 28 41 -31.7 143 183 -21.9
100,000-149,999 39 42 -7.1 194 254 -23.6
150,000-199,999 90 100 -10.0 501 598 -16.2
200,000-249,999 151 164 -7.9 743 896 -17.1
250,000-299,999 314 319 -1.6 1453 1839 -21.0
300,000-349,999 446 466 -4.3 2029 2484 -18.3
350,000-399,999 674 819 -17.7 3392 4268 -20.5
400,000-449,999 718 825 -13.0 3304 4257 -22.4
450,000-499,999 909 1085 -16.2 4416 5393 -18.1
500,000-549,999 750 866 -13.4 3610 4523 -20.2
550,000-599,999 924 1101 -16.1 4439 5575 -20.4
600,000-649,999 821 845 -2.8 3745 4403 -14.9
650,000-699,999 871 1035 -15.8 4340 5395 -19.6
700,000-749,999 693 765 -9.4 3159 3816 -17.2
750,000-799,999 860 1039 -17.2 3832 4842 -20.9
800,000-849,999 507 633 -19.9 2291 2919 -21.5
850,000-899,999 714 836 -14.6 3045 3990 -23.7
900,000-949,999 340 405 -16.0 1486 1939 -23.4
950,000-999,999 526 644 -18.3 2282 3151 -27.6
1,000,000-1,099,999 402 458 -12.2 1787 2148 -16.8
1,100,000-1,199,999 531 559 -5.0 2264 2646 -14.4
1,200,000-1,299,999 479 488 -1.8 2004 2378 -15.7
1,300,000-1,399,999 363 368 -1.4 1495 1817 -17.7
1,400,000-1,499,999 303 339 -10.6 1189 1504 -20.9
1,500,000-1,599,999 272 243 11.9 983 1109 -11.4
1,600,000-1,699,999 213 225 -5.3 863 1002 -13.9
1,700,000-1,799,999 175 182 -3.8 717 817 -12.2
1,800,000-1,899,999 145 139 4.3 590 701 -15.8
1,900,000-1,999,999 163 153 6.5 595 756 -21.3
2,000,000-2,249,999 174 163 6.7 726 785 -7.5
2,250,000-2,499,999 188 194 -3.1 808 935 -13.6
2,500,000-2,749,999 99 113 -12.4 440 526 -16.3
2,750,000-2,999,999 129 154 -16.2 552 664 -16.9
3,000,000-3,249,999 51 51 0.0 194 253 -23.3
3,250,000-3,499,999 71 68 4.4 303 357 -15.1
3,500,000-3,749,999 36 48 -25.0 136 231 -41.1
3,750,000-3,999,999 49 75 -34.7 239 360 -33.6
4,000,000-4,249,999 10 25 -60.0 60 100 -40.0
4,250,000-4,499,999 40 31 29.0 138 165 -16.4
4,500,000-4,749,999 14 16 -12.5 67 96 -30.2
4,750,000-4,999,999 26 28 -7.1 118 139 -15.1
5,000,000+ 145 169 -14.2 665 895 -25.7
Totals 14453 16319 -11.4 65337 81109 -19.4

 

 

Trilogy at La Quinta golf course to open in November

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Trilogy at La Quinta

Trilogy at La Quinta golf course opening in Nov. 2024

Trilogy at La Quinta golf course to open in November:  Trilogy at La Quinta is finally going to re open it’s golf course in November of 2024.  The course has been closed while it’s being re structured, and after the members decided to buy it themselves, it is now scheduled to open end of this year!  If you are looking to buy or sell in the Coachella Valley, give local resident and agent, Kim Kelly a call at 760-285-3578.

The golf course was renamed Coral Mountain Golf Club, which closed in 2022.  Earlier this year, the residents of Trilogy at La Quinta voted overwhelmingly to purchase the golf course, clubhouse and restaurant. They’ve reverted the club back to its original name, Trilogy Golf Club at La Quinta, and have invested in a multi-million-dollar renovation to modernize the facilities to bring them back to their former glory. The homeowners have even brought back the original management team from BlueStar Resort & Golf to oversee the renovation and manage the club. Work is underway and come November, Trilogy Golf Club at La Quinta will reclaim its status as a must-play, daily-fee golf course in California’s Coachella Valley.

In addition to the golf course work, the club also is renovating the clubhouse which includes a full-service golf shop and its signature restaurant. The design and décor will be heavily influenced by the Coachella Valley’s famed mid-century modern aesthetic with thoughtfully planned gathering spaces for friends and families filled with natural light and beauty. The atmosphere will be welcoming and friendly with a relaxed sophistication, and the menu will focus on delivering quality classic fare with inventive touches and craft cocktails and beverages.

The new Trilogy Golf Club at La Quinta is expected to open November 2024. To learn more and receive updates from the club, mytrilogylife.com/laquinta/

In Escrow; Thermal, CA.

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Triangular 2 acre property with extreme privacy, but close to Fwy!

In Escrow; Thermal, CA.  This lovely 2 acre property located at 59105 Lincoln St., Thermal, is in escrow.  Listed at $1,245,000, this is a stand alone property!  There just aren’t many like it anywhere in our Coachella Valley.  Fondly known as Pineapple Hill Ranch, the sellers have been living and working from this property since the 90’s, and have maintained it over the years.  If you are looking to buy or sell in the Coachella Valley, give Kim Kelly a call at 760-285-3578.

Surrounded by farm ground, the view from over the pool Southerly is mesmerizing.  This corner property is elevated so the 360 degree views are from each side of the property.  The sellers had an event company, and the 6400 sf permitted warehouse, was perfect for them!  Featuring 15 ft. ceilings, 2 roll up doors, 5 man doors, and floor to ceiling shelving, the uses are many.  The 1968 ranch style home has many original features such as pocket doors, original built-ins, large rooms, and tons of storage.  Maintained beautifully, there is plenty of room on the 2 acres for a soccer field, or storage units, a mobile home or just lots of space.  You have access from the yard to miles of dirt roads.

Take a tour of this amazing property.  Although it’s in escrow, I have other farms, vacant investment land, commercial opportunities, residential properties and of course equestrian properties. 

 

ADU’s in California

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This Detached Casita is modern, roomy and comfortable.

ADU’s in California.   I love the idea of additional dwelling units!  Why not?  It makes logical sense because California, like so many other states has a housing problem.  There are more people looking to buy, than there are sellers looking to sell right now.  That translates to low inventory, which often means the price gets driven up because buyers end up going after the same home.  ADU’s in California make sense.  Local Coachella Valley resident and realtor, Kim Kelly 760-285-3578.

 

 

                Accessory Dwelling Units (ADU) in California

There are an estimated 1.5 million ADUs, or Accessory Dwelling Units, in the United States. ADUs have been growing by 9% or 100,000 per year and each year the number is increasing.

California is home to 30% of the ADUs in the United States and Los Angeles has the most of any city. Homes with ADUs are priced 35% higher in value on average.

The primary engines driving the growth of ADUs are lack of affordable housing, income opportunities, and the need to care for family members while maintaining independence. In addition, cities and states have passed legislation impacting their legality to encourage growth.

The average size of an ADU is generally 550 to 1,200 square feet. For financing purposes, they must contain a kitchen with a stove, a bathroom, sleeping area and a separate entrance from the primary home. The cost in California to build an ADU is estimated between $200,000 to $400,000.

Due to the cost of an ADU most homeowners require financing. The most common methods used are a Home Equity Line of Credit, or HELOC, a Home Equity Fixed Rate Loan, or a Cash Out Refinance. Certain renovation loans are also available with specific restrictions.  (Courtesy of Kevin Budde, Monarch Lending)  Take a short tour of this Indio Hills home.  I did a walk video from the upstairs sky deck of the ADU. 

 

How do you deal with the heat??

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The beautiful Coachella Valley is a desert! Summers remind us of that.

How do you deal with the Heat??  Most of my clients come from out of town, so it’s probably the number one question I get from my clients.  “How do you deal with the Heat??”  Now that it’s REALLY hot here in the Coachella Valley, there’s not a single client that doesn’t ask me this question!  So, what DO I do in the heat, and what DO my friends do in the heat?  If you are looking to buy or sell here in the Coachella Valley, give me, Kim Kelly a call at 760-285-3578.

The thing that we all have to do when we move to a new locale, is accept the good with the bad.  I lived in Kauai and it is generally a paradise, BUT I had to adjust to the extreme humidity of the winter.  I mean paper wilts, clothes don’t dry, so many of us had skin rashes, so even in paradise, there are issues.  Here in the desert, it is gloriously warm.  People come here to get away from the cold on the East Coast, or the dampness of the beaches.  But it is still a desert!  During the summers, it’s always hot in the summers.  Usually it starts getting hot in May and June, but the evenings still cool down, so it’s pretty awesome.  Then July hits, and it’s triple digits during the days, and the evenings don’t cool down.  So, you have to adjust your life in every way you can.

Here in the desert, during the heat, you get up early.  Get out early in the mornings, work or do your workouts, be back in a cool space by 10 am if possible.  Stay inside, or do your shopping, go to a movie, somewhere cool from 12-4 pm.  Drink water constantly, you won’t pee very much either, and if you’re doing something hard, be sure to add electrolytes to your daily mineral intake.  Wear a broad brimmed hat, sunglasses, long sleeved, loose fitting, cotton shirt and lightweight pants.  Don’t over exert, and rest when you need to.  If you do these things your time in the desert will be hot, but a delight!

 

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78100 Main St #202, La Quinta, CA 92253

Contact Kim

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