View from the arena at 10834 Union St., Cherry Valley, CA.
Coachella Valley real estate update: First Quarter, 2021 is over, and the market is still on fire here in the Coachella Valley. It feels quite different to me than the last cycle of real estate here in the Coachella Valley..because it is! I was selling new homes in 2001-2005. Screamed up, then the devastating crash that was felt pretty much everywhere, with our Coachella Valley being no different. What are the differences between then and now? For local real estate information or a free property consultation, give Kim Kelly a call at 760-285-3578.
The Coachella Valley market continues to outperform the same period 12 months earlier. Sales picked up while inventory cratered. Huge difference now than last cycle. In 2005-2007, the peak of the last cycle, sales were mostly driven by people buying home with little to no credit, on loans with little to no down! EEK! Now, fewer home son the market coupled with higher demand has created more competition for what homes are available.
Recent news about life getting closer to normal offers a glimmer of hope as far as inventory numbers. It is anticipated that alot of sellers will be putting their homes up for sale in the coming months. It is pretty much a sellers market right now, BUT, as more homes come on the market, it is going to become even more important to present your home in peak condition to guarantee that it will garner the highest price/sf. amongst it’s competition. Local information is critical!
Take the tour below of this incredible 5 acre equestrian estate in Cherry Valley, CA. Offered at $1,300,000, and with two homes, a barn, RV parking, huge arena and spectacular views..
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A perfect Coachella Valley Event site on 9+ acres.
Coachella Valley Event Sites for Sale. What is an event site? What do people use an event site for? What makes a good event site? The Coachella Valley, with all it’s special events, including the Music Festival, is a premier site for Events of all types. The West valley, Palm Springs itself, draws a particular set of events, and the East Valley tends to draw the interest of another set. If you think you might be interested in finding an event site in the Coachella Valley, give local Realtor, Kim Kelly a call at 760-285-3578.
What Types of Events are held at Coachella Valley Event Sites? Events like Weddings, Quincineras’, Fathers’ Day parties, Birthday parties, Retirement parties, Golf Groups, Music Sponsored events, Equestrian participant events, Corporate Sponsored Events..pretty much anything you can dream up a party for!
What Size is a typical Event Site? Event sites vary as much as personal homes do. Typically, an event site that would generate the most money, is one with lots of room. Add to that, location and views, and it becomes even more desirable. Properties of an acre to five acres can be hugely requested.
Do Coachella Valley Cities allow Events? Check with the City you are thinking of buying in. Because it’s so popular here in the valley to rent rooms, or entire homes, for short term rentals, or events. There may very well be permits required for large events.
COACHELLA VALLEY EVENT SITES FOR SALE
52450 Monroe St., Indio, CA: 9.4 acres, gated, secure and private, Three Thumbs Up Estate, is spectacular. A perfect private Equestrian Residence, or a magical event site, including a main home of approx. 5600 sf, guest home of approx. 1200 sf, guest apartment with 2 bedrooms, a 12 stall barn, private orchard, private pitch n putt golf course and a private lake and waterfall.
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SOLD! Beautiful Citrus Farm in Thermal, California.
SOLD! Coachella Valley farm. Another Coachella Valley Farm sold! I represented the Buyer on the purchase of this gorgeous Citrus farm in Thermal, CA. What fun! My client had decided to build a family estate that would be his dream desert retreat, and also a place to have family gatherings during the Coachella Music Festival. But first, we had to locate the perfect location. If you are looking to buy or sell in any of the desert cities in the Coachella Valley, call local resident Realtor, Kim Kelly at 760-285-3578.
Homes in our Coachella Valley are finding their footing after the impact of the Corona Virus. Many Sellers have decided to pull their homes off the market and wait to see how the season looks. I’ve had multiple buyers pull back and decide to wait..never sure how things will go, so not sure that’s a good idea. I believe it’s best to base your purchase on what you REALLY want. If it’s not exactly what you’ve been waiting for in terms of location and Sun and views, wait. The homes listed that DO offer those key things, sell very quickly..in all price points.
Coachella Valley Farm Land on the other hand is still moving. My guess there is that there isn’t that much of it left, and the price/acre has not accelerated through the roof as it did in 2005-2006. Price/acre is fairly consistent based on location, nearness to amenities, and projected use by the buyer. My client for this farm wanted to be in ONE area for his Coachella Valley Farm, so inventory is extremely limited. The seller was in a position to sell, and so timing was perfect. Take my little walk tour of this gorgeous 37 acre farm in Thermal. It’s a 5 minute drive to the Coachella Music Festival grounds, so a key location in our incredible Coachella Valley!
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La Quinta Golf course communities include PGA West.
La Quinta Golf Course Communities: Here in the Coachella Valley, we are still considered a Vacation destination. True in that so many homeowners are seasonal, choosing to spend the typically cold months elsewhere here in the warm, gorgeous desert. Some seasonal owners prefer gated communities, while many year round owners prefer non-gated communities. There are pros and cons to both, and I am going to focus on gated, golf course communities in this blog. If you are thinking of buying or selling in any of the Desert cities, give Kim Kelly, local resident and realtor a call at 760-285-3578.
La Quinta Golf Course Communities:
Club Name Price Range Membership Deposit & Dues # of homes
The Citrus $600,000-$2,200,000 $30,000 & $1,353/mo. 537
The Hideaway $1,300,000 plus $60,000 & $2,600/mo. 248
PGA West $100,000-$3,000,000 $45,000 & $1,518/mo. 2941
Rancho La Quinta $450,000-$2,500,000 $39,500 & $1,465/mo. 979
Mountain View CC $350,000-$1,600,000 $31,000 & $1,215/mo. 427
The Tradition $1,500,000 plus $110,000 & $3,100/mo. 215
Andalusia $950,000 – $3,000,000 $39,500 & $1,392/mo. 160
The Palms $600,000 – $1,500,000 $20,000 & $820/mo. 92
The Quarry $950,000 – $5,000,000 $60,000 & $2,000/mo.
Take this short walking video tour of The Quarry in La Quinta. Mind blowingly beautiful..
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Modern Equestrian Estate for Sale in Thermal.
Coachella Valley Land & Farm Recent Activity: Anything going on in the desert? Anybody still buying? Alot and Yes!! The Virus has definitely slowed us down as it has everybody. Less calls, less showings, and less numbers of buyers looking, and Sellers selling. Still..Farms, Equestrian properties, vacant land AND residential sales are continuing.
As every Equestrian and farm owner here in the Coachella Valley already knows, the HITS Thermal showgrounds was sold last year and is now called Desert Horse Park. The changing of the guards in the Equestrian show jumping is just one sign of the continuing growth in the Eastern Coachella Valley. Land is still fairly inexpensive compared to anywhere else in Southern California.
Three farms are in escrow over the past few months. We are having to re-negotiate land contracts sometimes due to the virus and it’s affects on the world. We are changing contracts from Cash to Seller Carry, and also extending closes..smart sellers are being flexible, but smart buyers can also see opportunity.
- 10 acre Equestrian farm with a 1992 custom pool home in Thermal. In escrow to seasonal Equestrian people.
- 37 acre Orchard in escrow to an L.A. family who will be building a custom family estate amongst the groves.
- 10 Acres of farm land in Thermal. Thenew buyer has future development plans.
Two large vacant land parcels on Avenue 50 have recently closed. Both had Tract maps on them and will probably be developed in the future. Check out this beautiful 77 acre farm on the border of La Quinta and Indio.
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Polo is cancelled amid this COVID19 scare.
Sensible COVID19 changes for Realtors: These are difficult times for all of us, and because I make my living in “the public”, I have had to make some changes to how I conduct business here in the Coachella Valley, starting with interacting with my clients. Here are 5 things that I’ve decided to change in my own life, brought on by the COVID19 virus situation.
5 Changes for Realtors during this COVID19 scare
- Don’t put people in your car to tour properties. This seems pretty obvious since we aren’t supposed to be within 6 feet, but it’s “what we do!” Not now, not with the COVID19 Virus. Just don’t do it.
- Do wear gloves if it makes you feel better. It does me, and I make a joke out of it when showing property. Maybe it doesn’t do any good, and my barn gloves are ugly, but I LIKE wearing them!
- No More hand shaking. I almost always greet new clients with a handshake and card exchange. Now I tell them why we don’t shake, and hand them a card.
- Skip the crowds! Office meetings, open houses, networking, forget about it. Good Grief..small sacrifices.
- Do More reaching out Online. I like seeing my clients/friends, but there just is not going to be as much human contact right now.
Results?
I’ve found all my clients/friends are RELIEVED that I’m making the calls..takes the pressure off of them. I suspect they feel the same way, but are glad I am the one setting the boundaries in these harrowing times. The property below has been reduced to 1.2 million.
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TWO new Barns, 17 stalls, 4 tackrooms, Changing area with shower & laundry!
What are my Equestrian Choices? If you are an equestrian, or maybe you’re thinking about bringing your horses to the Coachella Valley from Montana, Seattle, LA area, Oregon, Washington??? If you are tossing around the idea of a horse property or land, the desert floor offers a multitude of options. For your free property consultation, give local Realtor, Kim Kelly, a call at 760-285-3578.
Nearly new park model on 5 acres in sky valley, $625,000
Prices for equestrian properties that have houses on them, range from $625,000 in Sky Valley, that’s for a home on 5 Acres with a small barn to 54 Acres with a huge custom house, guest quarters, barns, alfalfa fields for over 8 million.
Cahuilla Hills in Palm Desert offers 2 to 10 acre parcels, with and without homes, ranging from approx. $500,000 to over 3 million.
Clancy Ln. in Rancho Mirage, Mission Ranch, or Via Josephina and some of the 5 acre parcels in North RM, allow horses.
The East Valley, offers many horsey options in Coachella, Thermal, Indio and Vista Santa Rosa. The property below is available in Thermal…
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Realtors can work from any place, any time..even on vacation!
Commission; what Clients think vs. Reality: “What do you do with all that money?” “Wow, Realtors have it so Easy!” “Why should you get a commission when that’s all you do??” It never stops, so I’m going to break down the Commission split and pay out to help buyers and sellers understand exactly where money goes when a Real Estate agent collects a commission check..
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Los Lagos, Indian Wells, one of your housing options in Indian Wells.
2020 Season has BEGUN! The streets are humming here in the Coachella Valley. It feels like it’s early for the season, but then again, bring it on! I held open houses today and Saturday at Los Lagos in Indian Wells, and we had a steady stream of people.
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Buying OR selling, use professionals in ALL aspects of the transaction.
The Importance of a Good Lender: Buying a new home is complicated, and there’s almost no way to anticipate EVERYTHING that could possibly go wrong. There are some things every buyer should do..number one being work with an agent that knows the area, understands the local market, and has proven contacts for each of the areas of the transaction that could MAYBE go wrong..including a Local Lender. If you’re looking to buy or sell Residential, Land or an Equestrian property, call Kim Kelly at 760-285-3578.
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