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.
Coachella Valley Equestrian Market Update as we leave 2017..
Equestrian Market Update: Land and equestrian farms in the Coachella Valley are continuing to sell. Even the summer heat did not run buyers off. Price/acre continues to rise, though not dramatically..just a slow, steady year over year increase. Date Farmers are continuing to invest in more land, new Ag projects are underway, the Pot Cultivation approved land sells quickly, and the MOST in demand Equestrian properties continue to be small farms with permanent homes on them. Few and far between, and when they come active..they do not sit long. Call me for your personal tour of Equestrian properties in the Coachella Valley. 760-285-3578.
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.
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…
Equestrian Property Specialist 760-285-3578
What IS an Equestrian Property Specialist??? Being a “Specialist” in anything usually means that person knows more about that subject than most of the rest of us do. To call myself a Short Sale Specialist, I had to get the required certifications, attend classes, but most of all…I had to List, negotiate and CLOSE dozens and dozens of Short Sales. I did. What does it require to call yourself an Equestrian Property Specialist? Years of experience with Horses first and foremost. There is simply NO way to learn about what a horse woman requires to maintain a horse properly, other than to live it. I made my living as a professional Polo Player for 18 years, basing my horse operations out of our local Eldorado Polo Club in Indio, California.
Is the Canadian market heading down the road to a crash?
What’s the Canadian real estate market doing? I asked myself this question at the end of last season..about June of this year. Not having a huge number of Canadian buyers in my real estate sales, it was interesting to hear all the agents lamenting about the fleeing of Canadians from our market. We do have a large number of Canadians who purchased their Winter Vacation homes in the desert. Our gorgeous winters, and quick flights to Vancouver certainly helped this market. But also..Canadians LOVE a deal!! When we were in recovery from our own real estate bomb, which ended about 4th quarter of 2011, scores of Canadians and other International buyers and investors, as well as our own Fix-n-flippers, snapped up bargain properties. We have been moving laterally for the past several years in our price/sf. real estate closings, and our market has largely stabilized. An interesting read this morning in the Vancouver Sun, caused me to think about the Canadian real estate market and how it might affect our own Coachella Valley real estate market. Huge Tax Windfall highlights BC’s real estate dependence.