Short Sales require their special marketing considerations..
Where are all the Short Sales?? Short Sales have been around a long time..longer than I’ve been in the Real Estate industry, and that’s going on 18 years. I was very active in the most recent Short Sale go around, which began in 2009. I was selling New Homes from 2000 to 2005, and I remember being very aware that something had to give! Prices were zooming up, La Quinta alone was seeing 22% per year increases in values for residential homes..NOT sustainable. I went back to the California Board of Realtors, and got my Short Sale Certifications, NAR, SFR, and HAFA. I just wanted to understand how to help people get out from under their properties when the market slowed, then tumbled. If you are upside down on your property, a Short Sale IS one of your best options. Give me a call at 760-285-3578 if you have questions about your property value, and whether a Short Sale may work for you.
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Horses and the Coachella Valley just fit together!
Coachella Land & Equestrian Property Update: Lots of activity in the Coachella Valley when it comes to Land and Equestrian Properties. Land values are pretty consistent, although the selection of parcels continues to narrow. Equestrian Farms are difficult to find right now, although season should loosen up the market..hopefully. The natural fit between horses & the Coachella Valley horse activities, working Farms, and Land with Equestrian potential is obvious. Our affordable, open spaces, easy access to riding trails, as well as our Internationally renowned HITS Horseshow, Thermal and the Empire and Eldorado Polo Clubs continue to draw interest and investments from Equestrians. I’ve been a local Equestrian for over 30 years, and can get you any info. you need..760-285-3578.
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Aerial view of 79784 Avenue 40, Indio, CA.
Just SOLD; 5 Acre Estate in North Indio. Listed for only 3 weeks at $1,199,000, this rare Equestrian estate, went into Escrow. Conventional Loan for the buyers and it is now SOLD! Coachella Valley Land and Residential properties are in much demand, and any time I can find a great home with some acreage, I know it won’t sit long. This estate at 79784 Avenue 40, Indio, was no exception. If you’re looking to buy or List your Home or Farm, give me a call for your FREE property consultation; 760-285-3578.
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Equestrian Property Update: 2017
Nothing like coachella Valley land as seen from horseback!
Land and Equestrian Property in the Coachella Valley is continuing to move. Equestrian Property Update for 2017. Price/Acre is NOT zooming up, but there is a steady increase in value. Average price/acre is now approx. $30-$50,000/acre, BUT it is different all over our Coachella Valley!! The further West you go, the higher price/acre..of course! As a buyer buys nearer to La Quinta and Western Indio, land of the Music Festivals, a buyer will pay more. Interested in getting more information on Coachella Valley land and Equestrian Property Values? Call me at 760-285-3578.
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PGA West custom home on the lake $1,499,000
What’s Selling; what’s Sitting in Coachella Valley? It’s been a busy winter season here in the desert valley across the real estate spectrum. If you’re interested in the “median” price ranges and how they’ve gone up about 10%, this is a good update. Remember that the Median means half are selling for less that price/sf., and half are selling ABOVE that price/sf. I sell properties, (both homes and farms), from our Western Valley cities of Palm Springs, and Yucca Valley, to the Eastern valley cities of Palm Desert, La Quinta, Coachella, Indio and Thermal. Across the board, sales were strong in the Coachella Valley. To get your current property value, give me a call at 760-285-3578.
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57490 Jackson St., Thermal, CA. $2,495,000
La Dolce Vita Equestrian Estate for Sale: If you are looking for an exceptional 10 acre Equestrian Estate in the Coachella Valley, La Dolce Vita Estate will knock your socks off! Wow! The custom entry gate is right off of one of our premier Equestrian streets in Thermal, CA., Jackson St. Located at 57490 Jackson St., there is quite simply nothing like it on the market. Offered at $2,495,000, this estate is custom beyond custom. Every inch is manicured and lovingly taken care of. Talk about happy horses! At La Dolce Vita, (The Good Life), horses, humans, dogs and all critters are happy.
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HITS Thermal update:
Jumpers are preparing for the desert HITS show in Thermal, CA.
The Horsey season is about to begin here in the Coachella Valley. Both of the International Polo Clubs, Eldorado and Empire, are healing from the Desert Trip concert. What a way to make Grass NOT grow..the tromping of thousands and thousands of feet! But..Empire has dumped tons of sand on their fields to prepare them for the 2017 season, and Eldorado is watering heavily to encourage the grass to take root and flourish! What about the HITS Thermal horseshow grounds and schedule for 2017? This is going to be a storming season for Land and Equestrian Property sales. Give me a call at 760-285-3578 if you have a buyer wish list, or if you just want to find out what your property is valued at.
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Price Reductions for 2017
Eastern Coachella Valley offers Land & Equestrian Properties for sale
No matter what price point you may be interested in, or the type of property you are searching for, here are some recent price reductions for 2017, that might inspire you to step forward and write that offer! Properties in the Coachella Valley are many and varied. In general the entry level properties here in the desert, range in price point from approx. $200,000 – $300,000. You can still purchase an entry level home in certain areas of La Quinta, Palm Springs, Cathedral City, and Indio. The least expensive properties in our lower desert are mostly in our Eastern Coachella Valley. The cities of Indio, Thermal, Coachella and Vista Santa Rosa still offer some amazing deals.
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Wide Open Spaces in the desert city of Thermal, CA. Investment Opportunities abound!!
Investments in Coachella Valley. Why? There are all kinds of investment vehicles that a person can use as a means to increase wealth, increase security, and maybe just to put their money into something tangible. We’ve all been told at one time or another..there’s only so much land. When the land is gone, it’s gone. The Land in our beautiful Coachella Valley is no exception to the rule. When it’s gone, it’s gone. Right now is a great time to think about buying your own piece of land in one of our beautiful Eastern Coachella Valley cities, Indio, Thermal, Coachella, and Vista Santa Rosa. If you’re thinking of buying or selling Raw Land, Farm Land and Equestrian Properties, give Kim Kelly a call at 760-285-3578.
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Market Update; Coachella Valley
A ranch style home for Sale in the La Quinta, California Market
Coachella Valley home prices AND sales rose year over year in October of 2016 VS the same month in 2015. This is according to the data from the real estate research firm Corelogic DataQuick. There were 754 sales in the month of October in 2016. The median price was $300,000. The median just doesn’t mean that much to me, since it means that half of the sales were higher than $300,000, and half are lower than $300,000. It still remains a great time to be a Seller. I have to say that though the inventory numbers are still up there, the truth is the GREAT locations, preferred sun orientation, or highly upgraded properties still sell quickly.
Resale homes seem to be preferable to New Homes this year. New construction sales continued to stand still. Sales of new homes have dropped by double digit percentages for the last 7 months. The drop from last year this time in the new homes market is approx. 44%! That is astonishing. I think the higher inventory numbers help this statistic, since buyers will tend to go to the best “deal.”
Price/ square foot varies greatly through our Valley Market
Golf course homes in the La Quinta Market prices vary greatly
Generally speaking, the price/sf. of each development within each of our 9 desert cities, has not changed much from last year. It’s either stood still, or dropped a bit. Corelogic found that our Coachella Valley median price/sf is $167. In my world that is a REALLY good value. I don’t see that low of a price/sf., other than in very select communities, such as the La Quinta Cove, North La Quinta, some in South Palm Desert, Cathedral Cyn. Cove..definitely NOT the norm within the gated communities as a whole. The median comes from the very low price/sf of $109/sf in Desert Hot Springs, $228/sf in Palm Springs, and ranging up to $700/sf at Bighorn and Madison Club in La Quinta.
Price/Acre in our Eastern Coachella Valley market
Land Sales in the Eastern Coachella Valley continue to increase. It is not a crazy, hot market, such as in 2005/06, when the developers were scooping up large swaths of land at $100-$175,000/acre. However, the price/acre for Vacant Land, Agricultural Land, and Equestrian Properties is quite steady. As with Residential properties, the closer a farm/land is to the city amenities, the higher the price/acre. As a buyer moves more Easterly, through Vista Santa Rosa, Indio, Coachella and into Thermal, the price/acre drops. Price/acre varies from approx. $20,000 to approx. $75,000/acre for vacant land that has water, fencing, perhaps being leased for farming. Add a house, add a barn, add other amenities, and the price/acre is closer to $45,000/acre for a GREAT buy! Take the tour of Chocolate Mountain Farm in Thermal California. 20 Acre horse layup farm, Ag Water Plus a private Well (installed in 2016), and a small barn…
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