Contemporary home on 9 Acres for sale in Thermal-always beautiful to show!
Did COVID affect coachella valley sales? The short answer is Yes! The hows and whys are a bit more involved, but it does feel to those local desert dwellers and realtors, such as myself, that it has affected our sales in a positive way. We were on the way to strong sales before it hit due to low inventory in every price point, but when the Virus hit, even more options presented themselves to buyers..thereby influencing sales. For a FREE consultation on your property value, land, equestrian or residential, call local realtor, Kim Kelly at 760-285-3578.
When the virus first hit, the phones quit ringing..for everything, and real estate was no exception. However, after the first 6 months or so, we started seeing an emerging trend..buyers were returning to look. Then they weren’t just looking, but they were buying. Year round homes for those who had always thought about it. Vacation homes for those who love it here in the Coachella Valley, and suddenly were craving more distance between their neighbors. Investment properties. Then the land and equestrian properties because land is still cheap, and again..space.
A year later, inventory has been ravaged in all price points. Residential properties sell almost as soon as they are listed, often with multiples, and this trend is not limited to any one price point..all are selling. Low inventory coupled with historic lows in mortgage rates combined to drive up sales through the Coachella Valley cities. Another factor is that even though our prices did go up, they did not sprint up. Even now with the low inventories, it is still a reasonable price/sf., and price/acre that is helping to drive continuing sales. Summer is a great time to sell your property, and our summer sale numbers traditionally beat the seasonal numbers..contrary to what many people say. Take a look at this beautiful equestrian farm that would also make a great event facility in Thermal, California. Just a couple miles from the Coachella Valley music festival grounds sits Valor Farm..
Coachella Valley Real Estate Update:
Private Pools are popular in the Coachella Valley
What’s Selling? Here in the Coachella Valley, our normal cycle of real estate sales, would see us heading into the slow season. As the summer heats up, we generally see less activity. However, with the COVID virus, it seems that people are streaming into the desert! They want the heat, the space, the lower density, just less stress I guess. In general, our inventory is low. I was out showing properties for between 4 and $600,000 in Palm Desert or La Quinta. No HOA was mandatory. We looked at 6 or 7 homes over a couple weekends, and each one went into escrow! We finally wrote on one in South PD, and got it. This is not unusual. Call Kim Kelly for your FREE consultation on Value for your Home or info. on a community in the Coachella Valley. 760-285-3578.
How About the Entry Level Homes? The Entry level home in the Coachella Valley are priced between $250,000 to approx. $350,000..and they are hard to find! If you are ok with a Condo, there are options, but if you want a single family home, the choices are limited. If a home comes on the market and it’s in good condition, in this price point, it won’t sit more than a couple weeks max. Lots of people looking, and not much out there.
What’s happening with Prices? Stable is the game right now. Not increasing or decreasing. We have not seen a run up on prices, nor have we seen huge reductions. If you price your property fairly, it’s in good condition, has a view and a good floorplan, it will sell. Each community within each City is unique, but overall, things are steady as they go.
What about Loans? Wow..a great time to get a loan!! Less than 3% for a conventional 30 year fixed, and even better for a 15 year. I am finding that jumbo loans are a bit more finicky to obtain, so have your docs in order. Be pre-approved with a local Lender as product is selling fast, and there are alot of cash buyers as your competition. Local Lenders & Appraisers hold some sway with Sellers as they know the market.
Overall, it’s looking to be a very active summer season here in the Coachella Valley. Land and Farms are also moving, and residential units do NOT sit long, so if you see something you like, go after it! Take this walk tour of 81647 Andalusia at the Andalusia CC in La Quinta. Offered at $1,199,000.
Are wave parks going to be added to the current water features in the Coachella Valley?
Wave Parks in Coachella Valley? When you think of the Coachella Valley, I’m pretty sure you don’t immediately think “what a great spot for a wave park!” Desert however, DOES mean sand and heat, so I guess if you focus on that, then a Wave park starts to make sense. Looks like there are several Wave Parks being proposed for the Desert Valley, so maybe we’re going to be catchin waves out here soon…local Realtor, Kim Kelly, can help with your Real Estate questions at 760-285-3578.
Summer in the desert means seeking water out!!
Summer in the Desert. The Coachella Valley desert’s summer can be brutal with extreme heat ranging during the day from 110-115. Everyone that works outdoors changes their schedule to accommodate early and late working hours with quiet time (naps?) in the heat of the mid days. Local Equestrians ride early in the morning, and local Realtors, show properties pretty much all day..no matter what!!
Lakeside Living in Coachella is available.
Lakeside Living in the Coachella Valley. The Coachella Valley is made up of 9 desert cities, actually more if you go more Easterly toward Mecca, but we’ll stay with the main 9. The Valley is part of a desert..desert meaning sand and not much water. We’re on a large water table, and the GREAT news is that us desert rats and our visitors are becoming more and more aware of the scarcity of water and what a bonus it is to have it here! We even have entire communities centered around Lakes. For more coachella valley real estate information, call local realtor, Kim Kelly, at 760-285-3578.
The road to the Coachella Valley HEAT is well on it’s way!
Summertime is here..the Coachella Valley sweat is ON! As the temperatures stay steady in the triple digits, the Coachella Valley residents are hunkering in for the duration. I’ve been a desert local for 35+ years! A polo player based here in the desert for 18 years, and now a realtor for the past 18 years. Hard to believe, but the heat has just become part of the Local daily life. If you’re looking for a desert home, the summertime is not a bad time to hustle out there in the heat and see what’s there! Call Kim Kelly at 760-285-3578.
Desert Life in the summer
The heat is on; how to survive the desert summer. Still registering 107 degrees at 7 pm..pretty normal for summer in the desert. My friends who are not desert “rats”, always ask me “How do you get through those HOT days??” My days really do change in the intense heat. My real estate clients that buy their winter retreat here in the desert, often end up staying longer than planned. But they normally are out of here by the time the heat rolls in..if you’re thinking about buying a desert retreat, luxury lease property, or equestrian, give me a call at 760-285-3578. I may be melting, but I’m here!
Wide Open Spaces in the desert city of Thermal, CA, lying in the Eastern Coachella Valley
Desert Empire; the Coachella Valley. Today, Southern Californias’ Coachella Valley, is like a beautiful quilt consisting of it’s 9 desert cities as well as untouched expanses of desert land wrapped in the arms of the surrounding snow topped mountains. For 9 months a year, in my local experience, it is a paradise for home owners, or vacation seekers. Our beautiful Desert Empire cities are Palm Springs on the West border of the Coachella Valley, and Indio on the Eastern border. Cathedral City, Rancho Mirage, Palm Desert Indian Wells and the City of La Quinta lie between them. If you’re looking for high desert properties for that 15 degree drop in temperature, head North up Hwy 62, through Desert Hot Springs, Yucca Valley and Joshua Tree. For help in your Coachella Valley real estate needs, give me a call at 760-285-3578.
La Quinta offers multiple parks and hiking trails
La Quinta Golf is Plentiful!: La Quinta, one of the Coachella Valleys’ most Easterly desert cities, has much to love. The La Quinta Resort & Spa, is the central anchor of this beautiful City, known as the “Gem of the Desert.” Old Town La Quinta, one of the hubs of the city, is a quaint grouping of shops and restaurants, right next to the Civic Center and La Quinta library. The La Quinta Museum has fun exhibits, often by local artists, and there are multiple parks and hiking trails in the beautiful city. One of the key draws to the city are the multiple golf courses, and gated and non-gated golf communities. If you’re interested in a property in La Quinta, give me 3578.a call at 760-285-3578.
Coachella Music Festival grounds are larger and even grander!
Locals and the Music Festival!! As with all relationships,there is a yin and a yang to the three weekends of the Coachella Music Festivals. The first two bring in current superstars, future hopefuls, and recent New Musical discoveries in the Coachella Music Festival. The only difference this season was the SIZE of the Festival..the city approved a newly enhanced limit of 125,000 people. The grounds themselves were larger too. All this was FANTASTIC! But…increased traffic, increased litter, long waits, detours to stay away from the busy streets..some inconveniences for us locals.