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

Coachella Valley Housing Report

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Coachella Valley Housing Report 2020. The awesome views in The Desert.

Coachella Valley Housing Report:  This report is put out by the Board and the numbers are based on the median, which is a very general number in my opinion.  I don’t use the median for List prices, sales prices..pretty much anything other than a very GENERAL overview because it’s just too vague.  But there is value in that too.  The Coachella Valley Housing Report came out in April of 2020, so the corona virus affect has not been shown as dramatically as it will be in the next quarter.  If you want an honest evaluation of your Land, Farm or Residential property, call Kim Kelly, local Realtor, at 760-285-3578.

First Q saw the median Detached Home Price rise to $440,000 and the median Attached home price settle at $299,000.   More specifically, over the past year, La Quinta saw it’s median fall from $560,000 – $557,000…very slight.  Rancho Mirage’s median for the Q, fell 14% to $655,000 and Indian Wells saw a fall of 19.7%, while Desert Hot Springs median rose over the past year 15% to $253,000.

Another interesting graph on the attached Coachella Valley Housing Report, is Home Sales by Price Range over the first Q based on prices.  Sales prices decreased in all price brackets under $500,000.  Homes priced between $500,000 and 1 million, sales are slightly higher than last year for our first Q of 2020, but for first time in a long time, there is a decline in sales for homes over a million dollars.  The beautiful land below is available and I bet the seller, (if they’re on top of the market), will be flexible. 

 

 

Polo Update for 2020 summer

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Polo Season ended early, and the summer season has begun!

Polo Update for 2020 summer.  As with every other aspect of our world, the Polo world has been turned on it’s head by this Virus.  The Polo season ended early this year, it got shut down in Mid March.  Doesn’t look like the summer season is going to be normal either, but there is going to be polo activity at various clubs, just without witnesses..I mean crowds!

Polo Update for Summer 2020:  So what’re the various polo clubs doing to deal with the Virus?  The USPA has sent out a directive suspending all USPA tournaments until May 15.

Santa Barbara Polo Club:  The summer schedule is currently delayed until July.  I know there are players at the club right now, and there have been practice games played at the surrounding private clubs.  I’m told there will be games, that everyone is wearing masks and keeping their distance from each other, and there will not be spectators coming to the games.

Aspen Polo Club, Carbondale:  Summer schedule usually begins early June, and they are tentatively hoping they can stick to it.

Polo pretty much everywhere has been pushed back to a later start if at all.  I would guess that with the Virus still active, they’ll continue to monitor State directives.  Private polo clubs will play, maybe with just 3 on a side..but the public will not be coming due to social distancing.  For any of you polo players, or land investors, there are some cherry parcels available for sale in the Coachella Valley.  It’s going to turn into a buyers market..so there will be deals to be had here in the Valley.  Land in this video is available for approx. $50-$75,000/acre. 

 

 

 

Entry Level Homes are SELLING in the Desert.

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In Escrow in Indio, CA. 2 bed/2ba, $209,000

Entry Level homes are selling in the Desert.  The COVID19 Virus is alive and well…unfortunately.  But homes are still moving here in the Coachella Valley.  All 9 of our Valley cities are moving.  Inventory is pretty low, and it is normally lower anyway as we head into the heat, but even more so now as sellers pull their properties off the market.  Many sellers are making the decision that until we can show homes easier, and things have settled down in the Economy, they are waiting it out.  Call Kim Kelly, long time local Realtor selling Entry, mid level, and luxury residences from West Valley to East Valley.  760-285-3578. 

Entry level in the Coachella Valley cities varies from City to City, but basically $350,000 and under is still considered entry level.  First time home buyers can often qualify for an FHA Loan which only requires 3% down.  Conventional loan rates for primary residences are fantastic right now.  15 and 30 year mortgages are available for 3 – 3.7% Interest rates.

Pool Home in Vista Santa Rosa just SOLD!

This cute, clean, 3 bed/2 bathroom home built in 2005, located just West of Indio just closed at $344,000.  Approx. 2100 sf, and featuring a SOUTH facing Pebbletec Pool and Spa, this one went into escrow within a week of hitting the market.  The appraisal came in a bit lower than List price ($350,000), and the buyers and sellers negotiated the difference.  That is what’s selling now..properties that have sane sellers.  The Virus is telling all the Sellers that if they are really interested in moving their properties, buyers are available..you just HAVE to negotiate. The market is softer than it was, so reflect it!  Take the tour on this gorgeous home at Los Lagos in Indian Wells.  A unique community of only 85 homes, all oriented around beautiful walkways and waterfalls..this one is listed furnished at $549,000.

Coachella Valley Land & Farm Recent Activity

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Modern Equestrian Estate for Sale in Thermal.

Coachella Valley Land & Farm Recent Activity:  Anything going on in the desert?  Anybody still buying?  Alot and Yes!!  The Virus has definitely slowed us down as it has everybody.  Less calls, less showings, and less numbers of buyers looking, and Sellers selling.  Still..Farms, Equestrian properties, vacant land AND residential sales are continuing.

As every Equestrian and farm owner here in the Coachella Valley already knows, the HITS Thermal showgrounds was sold last year and is now called Desert Horse Park.  The changing of the guards in the Equestrian show jumping is just one sign of the continuing growth in the Eastern Coachella Valley.  Land is still fairly inexpensive compared to anywhere else in Southern California.

Three farms are in escrow over the past few months.  We are having to re-negotiate land contracts sometimes due to the virus and it’s affects on the world.  We are changing contracts from Cash to Seller Carry, and also extending closes..smart sellers are being flexible, but smart buyers can also see opportunity.

  1.  10 acre Equestrian farm with a 1992 custom pool home in Thermal.  In escrow to seasonal Equestrian people.
  2.   37 acre Orchard in escrow to an L.A. family who will be building a custom family estate amongst the groves.
  3.   10 Acres of farm land in Thermal.  Thenew buyer has future development plans.

Two large vacant land parcels on Avenue 50 have recently closed.  Both had Tract maps on them and will probably be developed in the future.  Check out this beautiful 77 acre farm on the border of La Quinta and Indio. 

 

What’s Selling in the Coachella Valley??

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Land & Farms are selling in the Coachella Valley..houses too!

What’s Selling in the Coachella Valley??  Believe it or not, buyers are still out and about in the Coachella Valley.  Admittedly, there are not as many showings..or sales, but determined buyers are keeping their eyes on the prize.  What’s the prize?  Could very well be a GREAT deal!

Land & Farms:

You can’t make more land, and here in the Coachella Valley, we have some of the most spectacular parcels of land for development, home sites, equestrian ranch sites, farm land, various types of groves, and lots of deals on residential properties too-they’re all selling in the Coachella Valley!  If you’re interested in a small equestrian farm with a custom home, check out this great buy in Thermal. 

The beautiful thing about land and/or farms is that you can still view them!  It’s not unusual for buyers to do drive bys to see exactly where the parcel is located, and of course many of them don’t have residences on them, so it’s pretty easy to arrange a tour..even in the days of COVID19.

What makes it a good time to buy??

There are less numbers of buyers venturing out so if a seller really wants to sell anywhere in the Coachella Valley, they will be more flexible on price and terms.  Many sellers are taking their properties off the market, either because they know they may have to come down from their list price, or because they are afraid to show with the virus out there.  If you are getting a loan, what a good time to do that.  I rates are low, lenders are hungry for new loans, and you should be able to shop your loan for the best deal.  I’m finding with my land deals, that the sellers are accepting terms they probably would not have a few months ago-carrying notes, maybe extending closes.  Buyers may still want a property, but they’ve lost some $ in the stock market, or they just want to convert offers from cash to financing, and that takes time.  If you’re willing to negotiate and not get frustrated, this could be a fantastic time to buy!  Take a tour of this cute 5 acre fenced farm with a barn and a park model home built in 2018 located in Sky Valley in the Desert Hot Springs area.  $699,000.

 

 

Coachella Valley Real Estate Update

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Coachella Farm For Sale

Coachella Valley real estate is slow, but not dead!

Coachella Valley Real Estate Update:  April 2020.  Real Estate life has changed dramatically for those of us used to fielding calls and showings all day every day.  Every person in every profession I know is dealing with the same things, but each area of the state is a little different, and here in the Coachella Valley is no exception.  Weather wise it’s been very mild and I’m looking forward to the summer heat!  Rumor is that the virus isn’t going to like the heat..

Are people still looking??

20 acre horse business for sale in Desert Hot Springs, CA.

If you’re interested in buying a home, vacation home, piece of land, or an equestrian property, this may be the time to jump in!  We do not have as many showings, as many calls, and we are having to encourage buyers and sellers to be flexible with their current contracts.  Everyone is trying to figure out what’s coming, so buyers and sellers need to step back, hear the options and be reasonable!  We can show property, but there are now restrictions and also disclosures for buyers and sellers.

Why buy Coachella Valley now?

Because everyone is afraid, and if a seller has a property listed, they WANT to sell.  Now is the time to present a creative offer.  Lower price, perhaps, but maybe it’s terms, that you structure to your taste.  I’m seeing longer escrows, I’m seeing some earnest money released to accomplish that.  Maybe the seller WILL agree to carry that land parcel that originally they would not consider at all.  It’s always the brave ones that take the risks and reap the rewards!  Take a look at this gorgeous working ranch in Thermal, 20 acres, and the seller is ready to make a deal..$1,500,000 list price.

 

Just Sold in La Quinta

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Just Listed in Indio, CA. 2 bed/2ba, $209,000

Just Sold in La Quinta:  Well, things have slowed down in the Coachella Valley just like everywhere else due to the Virus, but real estate IS still selling!  Realtors have changed our way of operating.  We don’t do groups, we don’t do open houses, we DO continue to sell real estate..it’s what we do.  There are some great deals to be had, and sellers are more flexible now if they truly want to sell their properties, so now may be the time to present an offer on that house/land/ranch you have been watching.  Just SOLD in La Quinta at The Quarry Golf Course, $1,475,000.

Recently SOLD, Recently LISTED

Sold at The Quarry Golf Club, La Quinta:  Custom home of approx. 4,100 sf., with an amazing pool, custom finishes and indoor/outdoor living.  $1,475,000.

Remodeled Kitchen at this 1350 sf 2 bed/2ba Condo in Summer Breeze, Indio.

Just Listed in Indio, CA.  Completely remodeled 2 bedroom/2 bathroom Condo plus a loft at Summer Breeze in Indio, CA.  Just active 3 days, this is a deal at $209,000 including good quality appliances, a new stackable washer/dryer unit.  HOA is $325/Mo., and includes all maintenance of the common area tennis courts, pools and grassy common areas.

Sensible COVID19 changes for Realtors

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Polo is cancelled amid this COVID19 scare.

Sensible COVID19 changes for Realtors:  These are difficult times for all of us, and because I make my living in “the public”, I have had to make some changes to how I conduct business here in the Coachella Valley, starting with interacting with my clients.  Here are 5 things that I’ve decided to change in my own life, brought on by the COVID19 virus situation.

5 Changes for Realtors during this COVID19 scare

  1.  Don’t put people in your car to tour properties.  This seems pretty obvious since we aren’t supposed to be within 6 feet, but it’s “what we do!”  Not now, not with the COVID19 Virus.  Just don’t do it.
  2. Do wear gloves if it makes you feel better.  It does me, and I make a joke out of it when showing property.  Maybe it doesn’t do any good, and my barn gloves are ugly, but I LIKE wearing them!
  3. No More hand shaking.  I almost always greet new clients with a handshake and card exchange.  Now I tell them why we don’t shake, and hand them a card.
  4. Skip the crowds!  Office meetings, open houses, networking, forget about it.  Good Grief..small sacrifices.
  5. Do More reaching out Online.  I like seeing my clients/friends, but there just is not going to be as much human contact right now.

Results?

I’ve found all my clients/friends are RELIEVED that I’m making the calls..takes the pressure off of them.  I suspect they feel the same way, but are glad I am the one setting the boundaries in these harrowing times.  The property below has been reduced to 1.2 million.

Recent Activity in Coachella Valley

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

Recent Activity in Coachella Valley:  2020 has welcomed a stimulated real estate market in the Coachella Valley.  All 9 Coachella Valley cities have seen increased closings, and in the East Valley, which is our more rural end of the Valley, is no exception.  La Quinta, Indio, Coachella, Thermal, Vista Santa and unincorporated Riverside Co. areas are selling!  If you are looking to buy or sell Land, Ranches and Residential in the Coachella Valley, call Kim Kelly, local Resident and Realtor for more than 20 years, at 760-285-3578.

If you are a buyer looking to invest in real estate, whether it’s vacant land, a small equestrian farm, Ag. Farm land, or Residential, the Coachella Valley is a great place to look.  The City of La Quinta is our newest City, and recent activity in all areas of housing, from Condos to huge custom homes, both on and off golf courses, has been strong.  The market is NOT zooming up, but properties with good locations, floorplans, and sun orientation, are selling quickly and many times with multiple offers.  Recent Activity in Coachella Valley includes the following:

Recent Activity in Land and Residential

  1.  48856 Orchard Dr., Indio:  Located at The Orchard on a beautiful, over sized lot, this 5 bedroom, furnished home is in escrow, and listed at $825,000.  Gated, but not golf course.
  2. 58473 Quarry Ranch Rd., La Quinta:  Located at The Quarry Golf Club in La Quinta, this custom home is in escrow and listed at $1,475,000.  Not sitting on the fairways, but lots of privacy and class!  In Escrow.
  3.   82540 Airport Blvd., Thermal:  Custom home with a pool, on a fenced, 10 acre horse property with spectacular Southern Views!  In a great location near the Festival grounds, but still rural.  $1,480,000  In Escrow.
  4. 51-245 Calhoun St., Coachella:  $1,200,000 in Escrow.  Wow, what a find on a 20 acre parcel of land currently being farmed, offering great views, and a bike ride from Coachella festival grounds.
  5.   37 Acres of Citrus Farm ground, Coachella:  A great investment property on booming self named by me, “Millionaire’s Row.”
  6. 85501 Avenue 61:  Avenue61farm.com  $1,500,000.  20 Acre, fenced, secure, working horse farm with barn, guest home, turnout paddocks and an income producing boarding business.

 

  1. Desert Hot Springs Featured Listing $625,000  20291Fordave.com

Sky Valley is an unincorporated area of Desert Hot Springs that still has great deals on land and farms.  Take a tour of this gorgeous 5 Acre Desert Hot Springs farm with a new home and 4-stall barn and access to sandy

riding trails.

What are my Equestrian choices?

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TWO new Barns, 17 stalls, 4 tackrooms, Changing area with shower & laundry!

What are my Equestrian Choices?  If you are an equestrian, or maybe you’re thinking about bringing your horses to the Coachella Valley from Montana, Seattle, LA area, Oregon, Washington???  If you are tossing around the idea of a horse property or land, the desert floor offers a multitude of options.  For your free property consultation, give local Realtor, Kim Kelly, a call at 760-285-3578.

equestrian properties

Nearly new park model on 5 acres in sky valley, $625,000

Prices for equestrian properties that have houses on them, range from $625,000 in Sky Valley, that’s for a home on 5 Acres with a small barn to 54 Acres with a huge custom house, guest quarters, barns, alfalfa fields for over 8 million.

Cahuilla Hills in Palm Desert offers 2 to 10 acre parcels, with and without homes, ranging from approx. $500,000 to over 3 million.

Clancy Ln. in Rancho Mirage, Mission Ranch, or Via Josephina and some of the 5 acre parcels in North RM, allow horses.

The East Valley, offers many horsey options in Coachella, Thermal, Indio and Vista Santa Rosa.  The property below is available in Thermal…

 

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78100 Main St #108, La Quinta, CA 92253

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Call Kimberley at
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