Coachella Valley Real Estate By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!
Coachella Valley Properties By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!

Market Reports

Market Update; May 2024

Triangular 2 acre property with extreme privacy, but close to Fwy!

Market Update; May 2024  The heat is on here in the Coachella Valley!  These market updates give you a snapshot for each of our desert cities, remember that the word “median” means half above and half below that number came up with this median number.  So, better to focus on the community and price point you are interested for a true read on that micro market. Pineapple Hill Ranch is a 2 acre property in our Eastern Coachella Valley, offered at $1,245,000.

 

La Quinta:  324 homes in inventory, which is up 10%.  Median days on market is 56 which is up 14%.  Median list price is $899,000

Indio:  Inventory of 350 homes, which is up 1%.  Median days on the market is 53, up 8%, and median list price is $639,000, which is down 1%.

Indian Wells:  Inventory of 57 homes for sale, up 6%.  Median days on market is 56, which is down 11%.  Median List price is $1.9 mil, which is down 5%.

Palm Desert:  Inventory of 290 homes, down 4%.  Median days on market of 70, which is up 25%, and median list price is $822,000 up 1%.

Rancho Mirage:  187 homes in inventory, down 5%.  Median days on market of 70, up 25%, median list price of $1.29 mil, down 1%.

Cathedral City:  Inventory of 122 homes, no change.  Median days on market is 56, which is up 14%.  Median list price is $624,000, which is no change.

Palm Springs:  Inventory of 328 homes, down 4%.  Median days on market of 68, down 3%.  Median list price is $1.3 mil, which is no change.

Joshua Tree:  Inventory of 205 homes, up 7%.  Median days on market of 91, up 8%.  Median list price of $499,000, down 5%.

Take the tour of 59105 Lincoln St., which is in Thermal, California.  Asking $1,245,000.  This property is gorgeous.  2 acre property with a 1960’s ranch style pool home and a 6400 sf warehouse, that is permitted and useful for so many things! 

 

 

 

 

 

 

 

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Eastern Coachella Valley; Market Update

Eastern Coachella Valley homes, land & equestrian properties

Eastern Coachella Valley; Market Update:  Homes, land, Equestrian properties, investment properties in our Eastern Coachella Valley cities of Indio, Coachella and Thermal are all moving.  Not as quickly as in 2023, but every month, there are more buyers.  Election years are always a bit slower as we wait to see which way the election will go, and 2024 is no exception.  If you are looking to buy or sell in the Coachella Valley, give local resident and agent, Kim Kelly a call at 760-285-3578.

Indio, Coachella & Thermal market update

JUST LISTED:  81871 Sandy Ct., Indio   11 beds/8 baths on 1.3 acres   $3,950,000

AVAILABLE:  52500 Van Buren St., Coachella  5/3 ba on 19 acre date farm    $3,600,000

AVAILABLE:  14.6 acres vacant land on Jackson St./Ave. 60, Coachella     $649,000

AVAILABLE:  Organic date farm on Monroe/62nd st., Thermal     $795,000

AVAILABLE:  59105 Lincoln St., Thermal  4/3 ba pool home on 2 acres w/6400 sf warehouse $1,245,000

IN ESCROW:  1.3 acre lot on Braley Ct., Indio   $550,000

IN ESCROW:  50751 Los Palos Rd., Indio   6bed/5 ba on almost 1 acre w/pool  $2,895,000

IN ESCROW:  51185 Calhoun St., Coachella  7+ acre parcel with 3 structures  $1,500,000

IN ESCROW:  157 acres on Lincoln/60th st., Thermal   List:  $3,863,405  ($24,000/acre)

SOLD:  6 acres on the corner of Jackson St. and Airport, Thermal  $510,000

SOLD:  222 acres Ave. 44/Polk  Date farm on the north side of Hwy 10  $3,025,000

SOLD:  88055 57th St., Thermal  5 bed/5 bath on 1+ acres  $938,000

SOLD:  83743 Avenue 58, Thermal  19+ acres  $830,000

Take a tour of 59105 Lincoln St., Thermal  Beautiful ranch home with a pool and a 6400 sf permitted warehouse on 2 acres, surrounded by gorgeous farm land!  $1,245,000

 

 

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Coachella Real Estate; report from the desert

9.7 acres on the corner of Monroe/Avenue 62

Coachella Real Estate; report from the desert.  It has been an interesting season so far here in the Coachella Valley.  Everyone says it’s “slow’.  Well that’s true in that the inventory is still low, so the buyers that are looking often just don’t have a bunch of properties to view.  However, there’s another thing that’s happening.  If you are interested in buying or selling your property in the Coachella Valley, East Valley, central, or West Valley, give local resident and realtor, Kim Kelly a call at 760-285-3578.

I just listed a beautiful property for a long time client of mine.  I was speaking to him about the hesitation of both buyers and sellers that I’m seeing this season.  He suggested to me that sellers are thinking like he is on this property.  “If I get full price, yes I’ll sell.  But if they make me an offer that is near, but below, or if the terms aren’t clean, I may just decide to keep it!”  As he says, yes, I have lots of equity and it doesn’t make sense not to take a GREAT offer.  On the other hand if I sell, I’m out of the Coachella Valley market because I can’t find anything to replace it.  Rates are high, prices are steady, so as he says, not like there are alot of “deals around.”

Coachella Valley real estate, homes, farms or land.

I do think this is part of it.  I’ve taken offers that the seller says they’ll accept, but when they get it, they change their minds.  I have buyers doing the same thing..writing a good offer, then rescinding it the next day.  People are very up and down this year.  Will this change any time soon?  I do believe that even one reduction in I rates will drive more buyers to commit, but then they will hit the same issue as buyers have now, which is low inventory.

If you are thinking of buying, and you find a home or property you like, and the purchase price is within your range, I would really think about committing.  You will be competing against more buyers when the I rate does go down.  If you are a seller, and an offer comes in at or very near your ask, take it.

 

 

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Top 5 things consumers want in a new property

5 things for local realtors to keep in mind

Top 5 things consumers want in a new property:  Full disclosure..these 5 things came from a survey taken by Coldwell Banker.  I’m not a huge believer in surveys because let’s face it; most of us don’t even answer our phones!  But..I do like reading them and I figure there is always something interesting and pertinent to my real estate business.  Keeping up on various data, reports, surveys, and of course social media helps realtors keep up on changing ideas.  Can’t hurt!  If you are looking to buy or sell real estate in the Coachella Valley, give local resident and realtor, Kim Kelly a call at 760-285-3578.

Top 5 Things 

  1.  Price over location:  Well, this would be a switch, but also very understandable.  56% of respondents in this survey prioritize price over location.  This priority is particularly notable among women, with 60% valuing price first compared to 48% of men.  Feels like this is a direct reflection of our high prices and low inventory!
  2. Relocation:  Sellers who plan to sell their homes in the future are considering relocation, with 66% saying they plan to relocate to a different city, state or country.  I work with buyers who are thinking of re locating often.  Generally, we start with exchanging information about the area, country clubs, gathering general information on what they are looking for.
  3. Social Media influence:  This stat was startling to me..43% of consumers report being influenced or highly influenced by social media in home buying decisions.  That number is even higher among luxury consumers , with 73% saying the same.  PUt it on Instagram or Tik Tok I guess is the motto here!
  4. What is your dream property?  There is no one size fits all, other than 49% say their dream home is “mid size” with 3-4 bedrooms and 2-3 bathrooms.  Nearly a third of consumers prefer homes in the South, and a quarter favor the Northeast.  When it comes to style, the younger (18-24) is the least likely to favor “ranch” (8%) while the 55+ group is most like to favor ranch (21%).  There was a 16% response from buyers that indicated they had no style preference.
  5. Would you use a Realtor:  This one wasn’t actually a part of the survey, but I strongly believe we still have a very important role in the buying and selling of properties.   I’m working with a Calif. licensed agent right now.  She doesn’t work the Coachella Valley, and chose to work with a professional who DOES work the Coachella Valley.  I KNOW the area, and I know the comps.  We listed her property at a fair market value, and we got a full priced offer in 26 days.  We agents DO have an important role to play in the buying or selling process!

Take a tour of this lovely 9.7 acre organic date farm..just $795,000

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Madison Club; La Quinta Community

Madison Club in La Quinta offers spectacular views!

Madison Club; La Quinta Community.  This is a stand alone community.  Meaning there is nothing like this ultra luxurious golf club in the Eastern Coachella Valley.  Ultra prestigious and private, the Madison Club is entered off of Avenue 52, directly across from the world famous polo fields.  Celebrities, athletes, political figures, and other high net worth individuals are choosing the community for their families.  If you are looking to buy or sell in the Coachella Valley, give local resident and realtor, Kim Kelly a call at 760-285-3578.

The Madison Club offers several neighborhoods of luxury estate residences, elegant villas and clubhouse suites.  Each residence is created with attention to the spectacular views of the Santa Rosa and the San Jacinto Mountains, dramatic desert sunsets and views of the rolling Tom Fazio designed golf course.  HOA’s for a custom estate home is $2,000/month and $6,000/quarter.  The HOA for the lock and leave Villas are $3623/month and $10,870/quarter.  There is a gorgeous members only clubhouse, a private day spa and fitness facility.  Looking for a special wellness treatment?  You can most likely get it here!

It is impossible to get hungry during your golf round, with a plethora of different food, candies, and drinks offered at the multiple comfort stations located throughout the golf experience.  The Madison Club is very family oriented and has a serene, welcoming feel to it from the moment you drive through the stately entrance and roll into this very special club.  Golf memberships are available through the club.  There is an initiation fee and annual golf fees as well.

Madison Club Real Estate Statistics

There are currently 9 homes for sale in the club.  Prices range from 9.9 mil to 39.5 mil.  Lots are .5 to 1.5 acres.

There are no homes in escrow as of today, and over the past 6 months, there have been 2 homes closed.  One Villa was sold for 5.1 mil, and one custom estate home was sold for 10.3 mil.  There are often homes sold off market in this club as well!

 

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Rancho Santana; La Quinta’s featured community

Rancho Santana has estate homes for approx. 2 million.

Rancho Santana; La Quinta’s featured community.  Where is Rancho Santana and why do people like it?  Let’s start with the location.  It’s located on the corner of Avenue 52 and Monroe St., just south of the polo grounds.  Rancho Santana is adjacent to the Madison Club, one of the desert’s premier golf course communities.  What homeowners really enjoy is the proximity to Old Town La Quinta, Festival grounds, polo, and a short drive to PGA West or Old Town La Quinta.  Rancho Santana is a low key feeling community, where neighbors know each other.  If you are looking to buy or sell in the Coachella Valley, give local realtor, Kim Kelly a call at 760-285-3578.

The gated community of Rancho Santana in La Quinta includes three neighborhoods: Rancho Santana, The Estates at Rancho Santana, and Quail Run at Rancho Santana. This private gated community offers neighborhood parks with BBQs, walking trails and a putting green.  HOA’s are low at approx. $200/month, and home prices range from approx. $800,000 to $2.2 million.  Opened in 2005, there are approx. 200 homes at build out and the last homes are estates!  There are no new homes left, the last were completed in 2023, but there are resales in this delightful community.

Rancho Santana real estate sales stats for past 6 months

Currently for sale: There are 6 homes for sale as of today.  Homes don’t sit too long, and range in price from approx. $850,000 to approx. $1,375,000.

Currently in escrow:  There are 3 homes in escrow.  They range from $895,000 to the last estate homes at $2,100,000

Closed in past 6 months:  A total of 9 single family homes have closed.  Closed prices range from $825,000 to $2,200,000.

Rancho Santana park

Rancho Santana interior road signs

welcome to Rancho Santana!

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La Quinta non-gated communities sales report

La Quinta non-gated communities

Non-gated opportunities in La Quinta include Highland Palms

La Quinta non-gated communities sales report.  Many of my clients do NOT want to live in gated, HOA controlled communities, but rather have more individual freedoms offered by the non-gated communities of La Quinta.  The City of La Quinta is gorgeous, well located at the Eastern side of the Coachella Valley, and offers a museum, parks, fabulous restaurants, incredible hiking, and nearby access to the Coachella Music Festival grounds.  The non-gated communities are Desert Club Estates, the Yucatan, La Quinta Cove, Highland Palms and Flores Montanas.  If you are looking to buy or sell in the La Quinta area, give local resident and realtor, Kim Kelly a call at 760-285-3578.

There are currently three choices if you are looking to NOT pay any HOA’s here in the City of La Quinta, and want to buy in one of the La Quinta non-gated communities.

  1.  Highland Palms:  This small non-gated community in La Quinta, of approx. 90 homes dating from the 50’s to approx. 1995.  Large lots, wide streets, mature landscape, a friendly family feel where neighbors know each other.  There are rental properties, but La Quinta has a minimum of 29 days for rentals.  There is currently one home available in the community for $955,000.  There were 3 sales in the past 6 months, ranging from a fixer that sold for $358,000, and 2 other small homes that closed at $525,000 & $750,000.  Walking distance to Trader Joes, Target, Lowes and LQ Movie Theatres.
  2. Desert Club Estates:  Located at the corner of Washington and Avenue 52, this non-gated La Quinta community is walking distance to Ralphs, restaurants, and Old Town La Quinta.  Large lots, a friendly community and great location!  There are even some new builds in Desert Club Estates.  There are currently 5 homes for sale, but two of them are co-ownership homes..meaning you can own 1/8 of a nice homes for approx. $285,000.  There are 3 other homes for sale ranging from 1.4 to $1.9.  Two homes in escrow currently priced at $580,000 and $799,000 and 6 homes closed over the past 6 months with prices ranging from $580,000 – $1,980,000.
  3. La Quinta Cove:  The historic La Quinta Cove sits in one of the most beautiful coves in the Coachella Valley.  Plenty of inventory in the Cove!  Prices range from approx. $400,000 to approx. 2 mil.  Anything you want, this eclectic community offers.  Hiking, tennis, pickle ball at one of the community parks, views, Old Town La Quinta with it’s restaurants, museum, gas station, post office, and walkable streets.

 

Take a look at this 2 acre estate in the Eastern Coachella Valley listed for $1,299,000. 

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La Quinta Sales Stats; Madison, Hideaway & Quarry

Enjoy the desert sun and views at one of our Eastern Coachella Valley top 3 golf course communities.

La Quinta Sales Stats; Madison, Hideaway & Quarry:  Today we’re going to look at the sales stats over the past 6 months for 3 of our most popular gated golf course communities here in the Eastern Coachella Valley.  The Hideaway, ever popular for it’s jumping social world.  The Quarry, the deserts’ only top 100 Private golf courses, and The private Madison Club, quite possibly the Coachella Valley’s most exclusive golf course community.  If you are looking to buy or sell your Coachella Valley property, give local resident and realtor, Kim Kelly, a call at 760-285-3578.

REAL ESTATE STATS, PAST 6 MONTHS

1.  Madison Club:  One of the most private and exclusive golf clubs in the Coachella Valley, Madison Club has an HOA of approx. $2,000/month + $6,000/quarter.  There are currently 9 homes available for purchase, ranging in price from 9.5 to 39 million.  There is one property in escrow for $5,880,000 and 2 homes have closed in the past 6 months for 10.3 mil and 21.5 mil.

2.  The Quarry:  Located at the West end of Avenue 58, in La Quinta, and sporting magnificent interior landscape and spectacular views, the Quarry is the deserts only top 100 private golf courses.  HOA is $567/month.  There are currently 2 homes for sale priced at 3.9 mil and 6.5 mil.  and 2 closed sales over the past 6 months, priced at 3.9 mil and 5.6 mil.  Membership is available through the club.

3.  The Hideaway:  Known as the “social one” amongst the Eastern Coachella Valley golf course communities, the Hideaway is fun!  Located off of Jefferson st. just past Avenue 52, the Hideaway has an HOA of $800/month, and membership is available through the club.  There are currently 12 homes available at the club ranging in price from $2,475,000 to 6.5 million.  Three homes are currently in escrow ranging from 4.1 mil to 6.2 mil, and seven homes have closed over the past 6 months with prices ranging from 2 mil to 8.7 million.

I represent buyers and sellers from one end of the Coachella Valley to the other.  If you have a property you want to know the current value of, or are thinking of buying a desert property, give Kim a call at 760-285-3578!

 

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What do clients want in their Realtor??

Looking for a GOOD Coachella Valley Realtor?

What do clients want in their Realtor??  OK, let’s clarify here that EVERY agent is a unique individual and EVERY client is a singularly unique human being (or group of humans!)  That being said, after 22 years in this business here in the Coachella Valley, there are some things that nearly all of my clients want from me as their agent.  If you are looking to buy or sell your home, land, or equestrian farm in any of the 9 Coachella Valley cities, give local resident and agent, Kim Kelly a call at 760-285-3578.

5 Things Clients ALL  need in their Realtor!

  1.  Where are  you???  I cannot tell you how many times a person became my client simply because I was the only Realtor that returned their phone call!  What??  Every single person looking for property needs a responsive Realtor.
  2. Communicative:  I sure wish my fellow realtors would return MY calls or inquiries.  Good grief.  Just shoot your clients an update..even if all you have to say, text or email is “Nothing new, but don’t worry, I’m on it!  I’ll let you know as soon as I hear from the seller.”
  3. Know the Inventory:  This was the very first thing my mentor told me when I switched from New Home Sales into Resales.  We cannot know every single home, but we can certainly know the general inventory of a specific property type in a specific valley location.
  4. What is the correct offer price?   It’s my job as your representative to do the research in regards to the property you are interested in, but also in regards to what has sold that is a GOOD comp for that property.  Every offer is not only about the offer price, but also about the terms.  Each seller may have a very specific reason for selling, and that will influence the terms that best suit them.
  5. Understand the steps of a purchase or sale:  My clients have not done the hundreds of deals over my many years that I have.  Each deal is different, each situation is different, so knowing local lenders, appraisers, survey companies, inspectors, county contacts, city contacts.  These are the connections you make by experience, and there is no substitute!
  6. Take a tour of this amazing 77 acre farm in Vista Santa Rosa.     

 

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Coachella Valley Housing Market Report

coachella valley real estate

Our popular Coachella Valley real estate market is slower in 2023.

Coachella Valley Housing Market Report:  The housing market report for October for our Coachella Valley cities has just been released.  It is through October, 2023 and encompasses all the Coachella Valley cities.  Basically, yes, sales have slowed.  Sales fell to 34.7% below normal by January of 2023, and then began to improve, about 5% by October, 2023.  It is believed that this is due to higher interest rates and also digesting the excess demand that was created by low rates during COVID  You can check out the entire Housing Report here.

SUMMARY OF THE HOUSING REPORT

PRICES: The median price of a detached home in the Coachella Valley ended October at $642,450, up slightly for the month but down 2.7% year over year. The price decline over the last five months has been primarily seasonal. The median attached price in the Valley was effectively unchanged last month at $435,000 and is now down 4.4% year over year. Year over year price changes for detached homes ranged from an increase of 11% in Bermuda Dunes to a decline of 9% in the city of Coachella. Six cities have gains for their attached homes – Indian Wells, Rancho Mirage, La Quinta, Bermuda Dunes, Cathedral City and Indio.

SALES: Sales continue to decline. The three-month average of sales was 513 units in October, which is 53 units less than last year. The 12-month average of sales, which takes out seasonality, shows sales are averaging 599 units a month. This is 25% below last year. The city with the largest percentage increase is Rancho Mirage, with sales up 17%. The cities with the largest declines are Indio and La Quinta, with sales down 20% each.

INVENTORY & “MONTHS OF SALES” RATIOS: In October, Valley inventory increased 348 units and by November 1st it stood at 2,110 units. While most of this increase is seasonal, we’re struck by the size of the gain, which is larger than most increases in October. The Valley’s “months of sales” ratio was 3.5 months, which is up .5 months from last month and one month more than last year. This fundamental ratio measures supply and demand and, at 3.5 months, is at a level that is somewhat normal.

DIM: The median selling time in the region is relatively stable. At the end of October, the median number of “days in the market” in the Coachella Valley was 37 days, which is one day less than last month and two days more than last year. The city of Coachella continues to have the lowest median selling time for detached homes at 27 days, followed by Palm Springs at 32 days and Cathedral City at 35 days. In the attached market, Desert Hot Springs continues to have the shortest average selling time at 28 days, followed by Palm Springs at 33 days.

PRICE DISCOUNTS/PREMIUMS: In October, 16.5% of sales sold above list price, compared to 21.7% a year ago. Every city continues to average a selling discount for detached homes, which range from .7% in the City of Coachella to 4.1% in Bermuda Dunes. Discounts for attached homes range from 1.6% in Palm Springs to 3.3% in La Quinta. We continue to expect the percent of homes selling at a premium to remain around current levels as we move into fall and winter and inventory grows.

(The Desert Housing Report October 2023 Produced for Valley agents through the sponsorship and cooperation of GPSR and CDAR by Market Watch LLC ©2022 CDAR & GPSR. All rights reserved. Use and distribution by members only. The Desert Housing Report)

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