Coachella Valley Housing Report 2020. The awesome views in The Desert.
Coachella Valley Housing Report: This report is put out by the Board and the numbers are based on the median, which is a very general number in my opinion. I don’t use the median for List prices, sales prices..pretty much anything other than a very GENERAL overview because it’s just too vague. But there is value in that too. The Coachella Valley Housing Report came out in April of 2020, so the corona virus affect has not been shown as dramatically as it will be in the next quarter. If you want an honest evaluation of your Land, Farm or Residential property, call Kim Kelly, local Realtor, at 760-285-3578.
First Q saw the median Detached Home Price rise to $440,000 and the median Attached home price settle at $299,000. More specifically, over the past year, La Quinta saw it’s median fall from $560,000 – $557,000…very slight. Rancho Mirage’s median for the Q, fell 14% to $655,000 and Indian Wells saw a fall of 19.7%, while Desert Hot Springs median rose over the past year 15% to $253,000.
Another interesting graph on the attached Coachella Valley Housing Report, is Home Sales by Price Range over the first Q based on prices. Sales prices decreased in all price brackets under $500,000. Homes priced between $500,000 and 1 million, sales are slightly higher than last year for our first Q of 2020, but for first time in a long time, there is a decline in sales for homes over a million dollars. The beautiful land below is available and I bet the seller, (if they’re on top of the market), will be flexible.
Coachella Valley real estate is slow, but not dead!
Coachella Valley Real Estate Update: April 2020. Real Estate life has changed dramatically for those of us used to fielding calls and showings all day every day. Every person in every profession I know is dealing with the same things, but each area of the state is a little different, and here in the Coachella Valley is no exception. Weather wise it’s been very mild and I’m looking forward to the summer heat! Rumor is that the virus isn’t going to like the heat..
Are people still looking??
20 acre horse business for sale in Desert Hot Springs, CA.
If you’re interested in buying a home, vacation home, piece of land, or an equestrian property, this may be the time to jump in! We do not have as many showings, as many calls, and we are having to encourage buyers and sellers to be flexible with their current contracts. Everyone is trying to figure out what’s coming, so buyers and sellers need to step back, hear the options and be reasonable! We can show property, but there are now restrictions and also disclosures for buyers and sellers.
Why buy Coachella Valley now?
Because everyone is afraid, and if a seller has a property listed, they WANT to sell. Now is the time to present a creative offer. Lower price, perhaps, but maybe it’s terms, that you structure to your taste. I’m seeing longer escrows, I’m seeing some earnest money released to accomplish that. Maybe the seller WILL agree to carry that land parcel that originally they would not consider at all. It’s always the brave ones that take the risks and reap the rewards! Take a look at this gorgeous working ranch in Thermal, 20 acres, and the seller is ready to make a deal..$1,500,000 list price.
Your Location MUST capture you..and your next buyer.
Location is just as important as ever! When I began my real estate career almost 19 years ago, I heard over and over again, “Location, Location, Location.” But, it took me years of actually working the biz, selling new homes for builders, pounding the pavements and hundreds of home and land sales to fully appreciate and understand just how important the physical location and orientation of the property is…both to the purchase of the property and to the resale value in the future. For your free property valuation, call Local Coachella Valley Realtor, Kim Kelly at 760-285-3578.
Buying OR selling, use professionals in ALL aspects of the transaction.
New Listings for 2020 Season: Is it a good time to List your Residential property? What about Land..or your Equestrian Farm? Of course it is! Here in the desert, the season is still seasonal, although the season lasts longer than it used to, it definitely lightens up during the summer. Locals such as myself love it because it’s quieter, easier to drive around, find parking and hit the local happy hours. When it comes to listing your property, the prime time is mid-October through to mid July. Heavy traffic really hits our Coachella Valley around Thanksgiving and then it’s steady through end of April. So..good time to List?? You bet!!
Buyers & Sellers of Coachella Valley real estate need to THINK!
What to do in this Market? Seems everyone is bashing the current real estate market. Media, print and TV, and streaming seems to be predicting a recession. The stock market is incredibly volatile-has been for the entire 2019. Let’s add to that the possibility of a war, and the existence of a trade war, and buyers and sellers are rightfully leery. So be careful, and be educated, and prepared…and get those deals! Call local realtor, Kim Kelly at 760-285-3578 for a REAL local real estate analysis.
Indian Wells has many beautiful communities and amazing Resident perks!
Indian Wells Update; Summer 2019. When it comes to City perks for residents, Indian Wells is hard to beat. This spotless coachella valley city of approx. 5600 residents is famous for it’s resident amenities. Ranked the fourth most financially sound California City and much of their balanced budget is focused on maximizing their residents experience. To tour Indian Wells real estate, give local Realtor, Kim Kelly a call at 760-285-3578.
Coachella Valley Land & Equestrian Properties
Land & Equestrian Property Activity. Coachella Valley land and Equestrian properties are seeing continual activity. Of course, the growing zones north of I-10 are selling, but there have been other recent movements in the Valley. If you’re looking to buy or sell your Farm, land, Ranch property, give local Realtor and Equestrian, Kim Kelly, a call at 760-285-3578.
Stalking a local Desert City Agent in the summer
Desert Cities Sales Statistics: We are all reading about how total sales are down in Orange and L.A. Counties, but how is that translating to our Desert Cities? I took to the MLS for stats on the changes between the first Q sales for 2018 compared to the First Q sales for 2019 in all 9 Desert Cities. Even if you’re just thinking about purchasing a property in the Coachella Valley, good to look at what’s going on. For more information about a particular area, or desert city, give local agent, Kim Kelly a call at 760-285-3578.
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Coachella Valley Real Estate Sales: What’s been happening the past 6 months in the desert valley as far as real estate sales go? Turns out that according to Marketwatch, sales have been stable at an average of 700 units a month for over a year. Sales appear to be slowly increasing. Not all 9 of our desert cities have higher sales. Six cities have higher sales than a year ago, and three have lower. For your personal property evaluation, give me a call at 760-285-3578.
Just SOLD! I list homes and I SELL them!
Just SOLD! La Quinta & Indio homes SELL! Who just wants to list their property?? Most Sellers are trying to actually SELL! I brought the buyers for both of these sales last week, and have plenty more buyers looking..price your property correctly, and it will always sell. Whether you are looking to buy or sell a La Quinta Vacation home, or a 55+ property in the Coachella Valley, a farm, or investment opportunity, every property will sell in our desert valley. Call me a call for your FREE consultation at 760-285-3578.