Indian Wells is the place for the 2012 BNP Parabis Open
Indian Wells plays host to one of the largest and most recognized Professional Tennis Tournaments in the World from March 5-18, 2012!!! This year’s tournament at the magnificent Indian Wells Tennis Garden is a two week event featuring top men and women tennis players competing for more than $11 million in prize money (for the first time in the history of the tournament).
Ranked No. 1 in the world, defending champion Novak Djokovic had one of the best years in the history of tennis last year, with 41 straight match wins including winning the title in Indian Wells at the BNP Parabis Open. He will be a force to be reckoned with here at the 2012 event.
Defending BNP Parabis Open champion and No. 1 in the world Caroline Wozniacki won 6 titles in 2011 – more than any other WTA players. She is a tough opponent and will no doubt give her all at retaining her title at the 2012 BNP Parabis Open.
The Indian Wells Tennis Garden will also be holding the 19th annual BNP Parabis Open Senior Cup, featuring more than 700 players in a team tennis doubles tournament held from Mar. 19-22.
Come enjoy World Class Tennis in Indian Well’s state-of-the-art facility here in the beautiful City of Indian Wells.
Indian Wells offers many golf options
Talante's estate-like homes
Last night while at dinner with some friends at Stuft Pizza in Old Town La Quinta, we chatted away about how we all love living in La Quinta. One of the couples shared about how crazy they are about the gated community called Talante, as they have close friends who live there and socialize with them frequently. When they are ready to buy, Talante is where they want to be.
Talante’s resales rarely stay on the market for long, as these contemporary Mediterranean style homes are well constructed and appointed – giving them a classy feel. Their lots are spacious with many of the homes offering private pools and spas. Ideally situated in South La Quinta at the corner of Avenue 50 and Jefferson Street, Talante is close to many amazing east valley amenities such as charming Old Town, Silver Rock golf course, PGA West, Empire & Eldorado polo fields, and shopping & restaurants galore. It is also adjacent to Rancho La Quinta Country Club with direct golf cart access.
There’s a lot to love and learn about Talante. . . if you’re looking to buy your dream home in a prestigious La Quinta community, you owe it to yourself to take a look here !!!
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Lovely street view of Palmilla
Palmilla real estate is one of those intriguing communities in the desert that catches your eye when you drive by on the corner of Avenue 50 and Jefferson in La Quinta. Its unique desert color scheme blends beautifully with the tasteful landscaping around the outer wall and makes you want to see what kind of beauty resides inside of it. Since it’s gated, you can’t just take a leisure ride through, but if you’ve been fortunate enough to tour a home there, you will be impressed by this unique enclave of stunning contemporary homes.
Palmilla luxury homes overlook 7 acres of lakes and flowing waterways, making for the perfect setting for the indoor/outdoor living Southern California is so well known for. Majestic views of surrounding mountain ranges further add to the Wow factor. And all of this is available right in the middle of La Quinta, where restaurants, shopping, polo grounds, country clubs, Old Town, and so many more amenities are just minutes away.
If you have a heightened design sensibility and are attracted to anything but the ordinary, then the Award Winning community of Palmilla just may be for You !!!
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Andalusia at Coral Mountain homes for sale possess stunning mountain views, world class golf and sophisticated Old World style homes reminiscent of Southern Spain. Located in La Quinta, California, this Luxury Home Development offers standing new home inventory waiting to be customized to your personal taste and lifestyle !!!
There is so much to do at Andalusia at Coral Mountain, the choices are endless. Whether you like to golf or walk, hike or bike – play tennis or swim laps and soak in the spa . . . there is something here for everyone. For fine dining, you won’t have to look far . . . the onsite restaurant, Tapas, provides atmosphere and excellent food for that perfect night out.
Andalusia at Coral Mountain homes can be easily viewed, as models are open daily. Upgrades are available, as well as resale homes and custom home sites if you’re looking to build your own desert Dream Home !!!
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Just Listed in the La Quinta Cove. 4bd/2ba home built in 1997. $148,000. This home is cute as it could be with many Seller installed upgrades. The Seller is leaving window coverings, custom fans and custom lamps. She installed 18 by 18 inch ceramic tile floors and hardwood floors in three of the four bedrooms. The 4th bedroom has engineered wood floors and is lovely as well. Her father even installed a custom, wood carved mantle over the fireplace! This is a great family home.
This is Seller’s primary residence, she has a true hardship (disability), and only one loan with Carrington Mortgage, LLC, so we’ll get this baby done!
If you need an experienced Short Sale agent to help you understand the ins and outs or list and CLOSE your own Short Sale, give me a call!
Slab granite in kitchen!
custom hardwood floors!
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Smiling through hard times
I don’t have children, but of course, I know people who do. And I know some of those children . . . young adults coming up in a tough economy and unstable times. Remember back when you were young – in your late teens and into your twenties – these are heady times . . . sometimes exhilarating as you step out into the big wide world as an “adult” and all the freedoms allowed . . . and often times scary as you learn about the responsibilities that also come with being “of age.”
But life in today’s world !!! So fast, so complicated, so multi-tasking . . . so much information !!! And jobs are hard to come by, it’s hard for many of these young adults to find their place. There is a survey out there that says nearly half of young adults between the ages of 18 and 24 take jobs just to be able to pay their bills; nearly a quarter work without pay to get work experience and more than a third go back to school because they can’t find a job !!! Many are delaying marriage and having babies, and some move back in with mom and dad. Young adults looking to buy their first home need an experienced realtor.
It just wasn’t like that back when I was fresh and green and just starting out. Opportunities were abounding. This same survey says that optimism is high among young adults anyway . . . hmmm, maybe it’s their youth . . . I guess it beats the alternative. Wishing for better times and recovery for us all.
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PGA West custom home: $1,595,000
Luxury Home Sales for the City of La Quinta have continued to increase over the past 6 months. Luxury Home sales are homes sold for $1,000,000 +.
Luxury Home Sales by Month:
July, 2011: A total of 3 homes sold with 5 homes pending
August, 2011: A total of 7 homes sold and 7 homes pending
September, 2011: A total of 3 homes sold with 5 homes pending
October, 2011: A total of 6 homes sold and 6 homes pending
November, 2011: A total of 13 homes sold with 8 homes pending (Nice jump!)
December, 2011: A total of 9 homes sold and 8 homes pending
From July, 2011 to December 2011, there was a 200% increase in total number of Luxury homes SOLD. The Average SOLD price decreased by approximately 11% over the same 6 month period. Average days on the market has come way down too. In July, these homes were taking approx. 266 days to move, but by December, it was only 187 days. So..prices have come down a bit, homes don’t sit as long, and sales have gone up!
Interesting note: The price/sf has increased pretty steadily. In July, it was $467/sf, dropped to $328/sf in November of 2011, but by December, the average price/sf was back at $439.
La Quinta’s Luxury Homes are definately having a shorter shelf life. If you’re thinking about that luxury home, it might be a good time to get out and take a look at the Inventory in La Quinta.
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I don’t normally post on what to do in La Quinta, but the weather is unbelievable, Buyers are here in droves, and the day AND night life is jumping today!
- Southwest Art Festival: This is an annual art festival and truly supurb. Located at the Empire Polo Club off of Monroe in Indio, the fields are covered in tents and artists display their “Southwest art works.” There will be approx. 250 artists displaying in categories such as Clay, drawing, glass, jewelry, metal works, painting, photography, printmaking and sculpture. www.southwestartsfest.com
- Hot Rod & Custom Car Show: The 6th annual car show will be held today between 11 a.m. and 4 p.m. at the community Park Center at 77-865 Avenida Montezuma in La Quinta. More than 1000 cars and motorcyles will be ondisplay. Music, raffle, food and a beer garden..what could be more fun? And did I mention that it’s FREE? 760-564-3199 for info.
- HITS Horse Show: In Thermal. Classes are beginning, competition will be fierce, lots of booths for food, photography and horsey gifts and equipment. A good time over in Thermal and all the way through March.
- Cantina Party: Tonight. Free and a live band will be there. Casual fun. No Polo due to Quarantine, so everyone will be ready to par-tay! Eldorado Polo Club off of Madison in Indio, CA.
So..don’t say you don’t have anything to do. You can always just enjoy the gorgeous weather with a hike, bird-watching, golf, biking or heading over to Old Town for a cup of coffee and one of those deliscious Muffins!
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Since about the middle of 2011, I have been seeing a small but steady uptick in local prices. The bottom price point of $250,000 and under is saturated with Buyers. Investors and also first time home buyers. The numbers of foreclosures and Short Sales have dropped significantly. This trend will most like go through 2012 with the price/sf increasing a small amount.
Then there is the $500-$800,000 market. Again..I’m seeing lots of buyers. Sellers have priced their homes much more aggressively and they are moving. There is still room to negotiate here, but less inventory than a year ago.
Luxury hoemes are the hot market. The price/sf has dropped over 30% and in some developments as much as 50% from the peak market of 2006. Investors in this price point have increased and I expect this market to continue to see investors and home buyer numbers continue to rise through 2012.
Palm Springs Valley Real Estate Economic Summit Update:
This is great news for those of us that live here year round. It is also an indicator that it might be time for those of you looking to invest or own in our beautiful winter, resort valley to make that offer!
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Palm Springs Valley, saw an overall drop of 13% in the numbers of Foreclosures (month of December). That’s good news, but may be due to several things which could change.
1. There was a moratorium in place for the Holidays. That will end.
2. Loan Mods are being processed much more efficiently. That should continue to keep numbers down.
3. Short Sales are being processed and CLOSED much quicker. Again..should help keep numbers down.
December Foreclosure numbers in our Valley by City: (Realty Inc. source)
La Quinta: 121 total Drop of a huge 30%
Indian Wells: 11 total Drop of 8%
Rancho Mirage: 66 total. Drop of 3%
Palm Desert: 138 total Drop of approx. 15%
Palm Springs: Total of 180 Drop of approx. 23%
Thermal: 37 total Increase of 37%
Coachella Valley Total: 984 Drop of 13% on average.
On the streets every day as I am (in real estate of course!), I am witnessing a ton of buyers. I am being outbid on offers that would have flown through just a year ago. The First time home buyers are now surpassing the Investors in what they will pay/sf and also because they have cash, and loans are available again. Good news for La Quinta and the Palm Springs Valley!
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