The Coachella Music Festival is officially ready to rock! This Internationally renowned Festival always gathers an eclectic collection of upcoming and established stars, then brings them to the beautiful Coachella Valley. The Music Festival Line up for 2016 is HERE! The Music Festival has become an integral part of our Valley, pretty much putting the city of Indio on the radar. 13 years ago, being a local, I would never have believed that people would not only know where Indio, California is, but would purchase property in the surrounding areas FOR their music festival visits! The Music Festival has also created a huge demand for Luxury Lease properties, further driving up the demand for Coachella Valley properties in Indio, and the Coachella Valley in general.
If you or a family member are planning on visiting the Winter paradise of the Coachella Valley, spend some time looking at the various housing options available. There are many popular Luxury Lease areas, and this is a great option! Bringing in enough money to pay for your carrying costs as the property appreciates is not a bad financial idea. On Avenue 49, in Indio, CA., are some of the most reasonably priced homes, in gated communities, in the East Valley. The Orchard, Desert River Estates and Montage, are great options and these homes lease well the entire year. Even in the heat of the summer, people still come to the desert. What??? Remember that golf rounds are hugely reduced during the summer, traffic count is much lighter, and there are discounts galore at the local bars, restaurants and entertainment spots.
The HITS horseshow, and our Internationally renowned Polo Clubs, Eldorado & Empire, also have winter seasons. These events run from January through March, and also drive a tremendous amount of traffic to the popular Eastern Coachella Valley. Another very popular East Valley area to purchase your seasonal or year round residence, is PGA West in La Quinta. The world famous Golf Club offers 6 golf courses on approx. 1200 acres! 4 private courses, and 2 public courses, the entry to PGA West is right off of Jefferson, which is a main artery for the Coachella Music Festival, making it a desirable lease location.
PGA offers Condos priced from approx. $200,000 – approx. $700,000. Single family homes, both on and off the golf courses range from approx. $400,000 – approx. $2 million! If you’re a horse owner, or Polo player, or HITS show competitor, it might be a great time to think about purchasing a local farm. Check this one out..10 acres with 2 mobiles, 2 large barns, garage, track, and multiple turnouts. $899,000. Lots of water!