Wide Open Spaces in the desert
Are Chinese Investors headed our way??? It would seem that we are on their radar. Chinese cash is flooding American Real Estate markets. I have many clients from Vancouver, B.C., and have been hearing of the influx of big money into Canada for the past several years. The Coastal cities, San Francisco, and New York and Manhattan of course, have seen their share of mega dollars from the Chinese as well. Texas appears to be a new frontier, according to some because of it’s wide open spaces. Hmmm…is desert land in our Coachella Valley on the Chinese radar, asks Kim Kelly, local Realtor specializing in Land and Equestrian properties in the Coachella Valley.
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The Movie Colony in Palm Springs, CA.
IS PALM SPRINGS THE NEW HAMPTONS? Kim Kelly, Coachella Valley Realtor, heard this reference over the past week, and it has inspired some market status inquiries. Socially, it could very well be true. Palm Springs, our most Westerly lying Coachella Valley city, is HOT! I don’t mean temperature either, but rather in demand for Real Estate. Why?? Chalk it up to Modernism Week, and our Valley’s close proximity to Los Angeles, (movie star land). We have been “discovered”. Seems so funny as I’ve lived here for 35 years, and knew all those years ago, how incredible our desert valley is. What’s happening in Palm Springs? What’s selling, and for how much? Interested in a tour of available Palm Springs area properties for sale..give Kim a call at 760-285-3578.
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The Indian Wells Club for Indian Wells residents
Indian Wells Market Overview: On July 14, 1967, the city incorporated and became the county’s 16th city, Kimberley Kelly, desert Realtor states. The City has always had a small population, 5,137 residents, which makes Indian Wells the desert’s smallest city. But…it also has the highest medium household Income at approx. $100,742, with a medium age of 68. One of our most centrally located cities, it has on average, our highest priced homes as well. Indian Wells is known throughout the Coachella Valley as providing it’s residents with some of the best RESIDENT PERKS, of any of our local cities. If you’re interested in touring some of the homes for sale in Indian Wells, give Kim Kelly a call at 760-285-3578.
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La Quinta; Real Estate Inventory has increased!
Desert Real Estate Inventory is UP; Local Market Update. Standing Inventory in our Coachella Valley Real Estate market has zoomed up since December, 2015 states Kim Kelly, Coachella Valley Real Estate Agent. According to HK Lane Brokerage Market Updates, Standing Inventory in February 2016 was approximately 6,800 units! This number includes both Single Family Residences and Condos. That’s approx. 2,000 MORE HOMES than 1 year ago. What does this mean for Local Sellers? How about Foreign Sellers? Are Buyers’ capitalizing on these numbers? Give Kim Kelly a call at 760-285-3578 for your personal consultation.
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Our Desert real estate market shifts to a buyers’ Market..
Is this a Buyers Market? Here in the Coachella Valley, which translates to our 9 desert cities, it sure does appear that the tables have turned! The past few seasons have definitely been a Sellers’ Market, but as our season progresses, it appears to be a buyers’ market. Palm Springs on the West side of the Valley is still seeing some strong sales this past quarter, but even there, things are cooling off. Price/sf. has stopped climbing up, up, up, and seems to be moving laterally now. What is causing the change to a buyers’ market in our Real Estate Market?? Kim Kelly’s perspective is that there has been a perfect storm beginning in January of this year. First off, we are in an election year..no matter why, but elections always cause people to shy away from making any decisions they don’t absolutely HAVE to! The plunge in the oil market, the corresponding drop in our stock market, coupled with the rocky Asian Stock Market, and top that off with the decline in the Canadian Dollar!
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79300 Liga in The Citrus, La Quinta, California
OPEN HOUSE TOUR of 15 Homes for Sale at The Citrus Club in La Quinta, California. Saturday, February 27, from 1-4 pm. My Listing at 79300 Liga is included, and it’s always more fun and educational to tour LOTS of Homes at a Club if you’re thinking of buying. The Citrus Club, OPEN HOUSE GALA, is a great way to discover the Club, and there will be a clubhouse tour available from 3-4 pm. The Citrus is a friendly Golf Club centrally located in La Quinta, California, offering low HOA fees of approx. $375/mo., and Golf Membership is not mandatory. For directions or more information, give Kim Kelly a call at 760-285-3578.
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Coachella Music Festivals Fall Events???
The Coachella Music Festivals in Indio, California look very likely to add a few more Fall events to their Festival schedule. Fall events could help our Coachella Valley expand the tourism season a few more months, and attract even more visitors to the Valley. Because I sell Condos, Homes, and Farms, which are often used as Luxury Lease properties during the Festival times, this makes even more sense to Buyers! If you are thinking about purchasing an Investment property, that could be used as a Lease property during the Festivals, give me a call at 760-285-3578.
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79300 Liga in The Citrus, La Quinta, California
Well priced Fairway TESORO II at The Citrus Club in La Quinta, California. 79300 Liga is a beautiful interior, very desirable location within the club. No street noise, great fairway to mountain views, and golf ball free. The Tesoro II, is one of the most popular floorplans at The Citrus, and this one is listed at just $885,000. The sellers have recently remodeled this home by painting the exterior and interior, adding retractable screens, updated fixtures, and most importantly..remodeled COMPLETELY the Pool! To schedule your tour, Call Kim Kelly at 760-285-3578.
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Moving to close; Short Sale at PGA West in La Quinta
Another Short Sale moving to close! As with most businesses, experience DOES count! An experienced Short Sale Agent is imperative to a successful transaction. Many banks now demand Certification by your agent as well, and I am certified in both SFR (National association of Realtors certification), as well as HAFA, (Gov. Short Sale Program). This beautiful Masters home at PGA West has two notes with Chase. Listed at $1,556,000 and with a solid offer within 21 days, Chase has now accepted the offer, and we are moving along to CLOSE! If you are feeling like you may need to get out of your mortgage, or just want to explore the Short Sale guidelines of your personal situation, give me a call for your FREE CONSULTATION at 760-285-3578.
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PGA West is a popular destination for our Music Festival attendees
Coachella Music Festival Lease Properties: One of the positives of having the HUGE success of the Coachella Music Festivals, is the increased demand for Leases. Not all Music Festival requested Lease properties are “Luxury”. Meaning simply that not everyone has rich tastes. There are many, many demands for people visiting that are quite happy with a small condo at Indian Palms Country Club, and many people actually prefer a regular place at PGA West. So..”Luxury” can mean a different type of Music Festival experience to each visitor to our beautiful Coachella Valley. If you’re thinking of purchasing an investment property, let me set up a tour for you! 760-285-3578.
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