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..
Aerial view of 79784 Avenue 40, Indio, CA.
Just SOLD; 5 Acre Estate in North Indio. Listed for only 3 weeks at $1,199,000, this rare Equestrian estate, went into Escrow. Conventional Loan for the buyers and it is now SOLD! Coachella Valley Land and Residential properties are in much demand, and any time I can find a great home with some acreage, I know it won’t sit long. This estate at 79784 Avenue 40, Indio, was no exception. If you’re looking to buy or List your Home or Farm, give me a call for your FREE property consultation; 760-285-3578.
Real Estate Sales are up in the Coachella Valley, California.
Kimberley Kelly, local Coachella Valley realtor, is having a busy summer! My colleagues report the same..activity is UP in our desert valley. In my 16 years of real estate experience in our Coachella valley cities, it seems that when the builders return to building New Homes, resale properties follow suit. My “Best Buy” homes under $100,000, to the luxury home on the lake at PGA West, to Equestrian Estates in high and low deserts, the buyers have returned! One of the new Palm Springs housing developments on the old Palm Springs golf course, has just received approval..Serena.
Recent Farm Sales, and continuing activity around investment Land, farms, and luxury Equestrian Estates, also signal that buyers are serious. If you’re looking to buy, Sell, or just get more information, give me a call at 760-285-3578.
Coachella Valley property
Desert Property Sellers are getting serious about moving their Coachella Valley properties as we near the end of the winter season, states Kimberley Kelly, local Realtor with HK Lane/Christie’s International. Some major price reductions have been taken recently for those Sellers intent on moving from their current properties, while others are re-considering earlier offers that they may have thought were too low! Our Coachella Valley Real Estate Market remains relatively stable, but our Inventory levels at most price points remains high. If you are looking to buy or sell in any of our 9 Desert cities, give Kim Kelly a call at 760-285-3578.
It used to be said that the HOT desert summers hindered buyers from touring properties for sale here in the beautiful Coachella Valley. However, recent studies show that almost HALF of our yearly sales now occur in the summer! Are summer sellers just desperate??? Not so fast. Many sellers who intend to use their Golf Course Properties, or Seasonal homes during the summer, pull them off the market. That used to be the norm. Now that our summer foot traffic is steady ALL summer, serious sellers continue to market, show, and negotiate deals on their desert property, throughout the year. Here are some terrific recently reduced, and aggressively priced, desert properties to consider:
- 80908 Calle Azul in La Quinta at Puerta Azul. The largest model at 1730+ sf., 3 beds/3 baths, reduced to just $345,000.
- 79300 Liga, La Quinta, located at The Citrus golf course, this fairway home has been reduced $50,000 to just $849,000.
- 80875 Via Portofino, La Quinta. Custom homesite at The Hideaway Golf Club. Listed at $1,199,000. BRING OFFER!
- 54475 Tanglewood, La Quinta at PGA West Palmer Private. 2 bed/2 bath Condo reduced to $249,000 TURNKEY FURNISHED, with rental history.
- 9574 Black Rock Cyn., Yucca Valley. HUGE reduction from $1,350,000 to $899,000!! Illness forces sale. Custom home on 14 acres by National Campgrounds.
Just Listed STEAL: 47395 Monroe St., #197, Indio, CA. $139,000. 2 bed + den and 2 bathroom Condo. CLEAN, upgraded, + detached single garage. WON’T LAST!
Perhaps the BEST deal in La Quinta is now TALLY RANCH, located at 55075 Monroe St., La Quinta. Sellers are serious, and are accepting offers! Custom home with 6,000 sf ft. Barn on 4 Acres. Private entry, secure and discreet, this estate is not to be missed! Call Kim Kelly at 760-285-3578 to schedule a tour. Take the tour here –
Kimberley Kelly, Short Sale Specialist for HKLane/Christie’s International
Short Sale Specialist for the Coachella Valley: Kimberley Kelly, Certified Short Sale Specialist for the desert cities, has put together the Short Sale statistics for the past 6 months. The peak of our last phase of bank defaults, and consequent “settled for less than amount owed.”, began in 2009, and screamed through 2011. At that time, the Lenders were as clueless as their mortgagors. Now. however, it is a much more efficient system for the lien holders, and with a Certified, and even more importantly, EXPERIENCED, Short Sale Realtor, if you find yourself upside down, or even near upside down on your property payments, do not panic! Pick up the phone, and call for your free property value, and consequent option possibilities, at 760-285-3578.
Our Desert real estate market shifts to a buyers’ Market..
Is this a Buyers Market? Here in the Coachella Valley, which translates to our 9 desert cities, it sure does appear that the tables have turned! The past few seasons have definitely been a Sellers’ Market, but as our season progresses, it appears to be a buyers’ market. Palm Springs on the West side of the Valley is still seeing some strong sales this past quarter, but even there, things are cooling off. Price/sf. has stopped climbing up, up, up, and seems to be moving laterally now. What is causing the change to a buyers’ market in our Real Estate Market?? Kim Kelly’s perspective is that there has been a perfect storm beginning in January of this year. First off, we are in an election year..no matter why, but elections always cause people to shy away from making any decisions they don’t absolutely HAVE to! The plunge in the oil market, the corresponding drop in our stock market, coupled with the rocky Asian Stock Market, and top that off with the decline in the Canadian Dollar!
PGA West Short Sale at 80775 Weiskopf
Are Short Sales making a comeback in the Coachella Valley? Being a certified Short Sale Agent here in the Coachella Valley, California, I am definitely seeing an uptick in distressed homeowner activity. More calls from tentative sellers. More requests for short sale information. More inquiries regarding the Short Sale process with a particular lender. Throughout the Valley, Short Sales have remained relatively low over the past 3 years or so. Our housing market has stabilized to a large degree, so why the gradual increase in activity? I suspect there are several things that are happening in our economies that are converging to create a perfect time for the Short Sale process to once again gain momentum. If you have questions regarding a potential short sale, give me a call for your FREE consultation at 760-285-3578.
Estate home at 80775 Weiskopf, PGA West in La Quinta, CA.
Short Sale at PGA West in La Quinta, CA. Premier Location and outstanding Southern VIEWS! We don’t see that many Short Sales any more, so they get alot of attention! This estate home certainly deserves it. Touting all the most desirable qualities for a premier Coachella Valley winter destination property on the golf course at PGA West, including Southern VIEWS over the Pool to the Lake, to the double fairways, to the Santa Rosa Mountains beyond. This home will NOT sit, so call me for your private tour today at 760-285-3578. The best thing about this particular Short Sale?? It’s been meticulously maintained, and pre-approved at the List Price of $1,556,000.
The Citrus Club in La Quinta, Calif.
La Quinta Neighborhood of the Week; The Citrus. The beautiful Citrus Golf Club in central La Quinta remains a favorite for Buyers seeking a gated, La Quinta Golf Course Community. Entry gates are manned, and there are two of them for easy access. One gate is off of 52nd St. right across from the Public Silverrock Golf Course, and the other is off of Jefferson St. HOA’s are low, the clubhouse is friendly and recently remodeled, streets are lined with Citrus trees, and views to the surrounding Mountains are mesmerizing..
Call your Local Realtor and get your home SOLD!
5 Tips to Prepare Coachella Valley Homes to SELL! Which one of our Desert Cities do you call Home? Whether you live in the Western side of the Coachella Valley in Palm Springs or the center of the Valley in Rancho Mirage, Palm Desert or Indian Wells, you have to do the same critical things to get your home SOLD! Maybe you own a home or Equestrian property in one of our Eastern cities, La Quinta, Indio, Coachella or Thermal, don’t just list your home, SELL it!!