Coachella Valley Real Estate By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!
Coachella Valley Properties By Kimberley, SFR, HAFA, GREEN
Residential, Equestrian, Land
I Do Real Estate The Same Way I Played Polo – To Win!

All Posts tagged canadian investors

Palm Desert Country Club Back in the Swing !!!

New Owners Bringing Palm Desert Country Club Back Up in StyleFinally the Palm Desert Country Club is back in the game.  During the past few years, the golf course owner filed for bankruptcy and closed the course down . . . meanwhile, allowing the nearly 50 year old course to deteriorate.  Imagine having a home in PD Country Club and looking out your back windows only to see dead grass and weeds where once were emerald green manicured fairways.   Not only were aesthetics devalued, but values of the homes in the club went down as a result . . . in an already depressed market.  Foreclosured and short saled homes were abundant and it was a depressing scene.

Enter a group of Canadian partners called PD Investments which bought the 27 hole golf course last year.  Things began to shape up in the neighborhood very quickly.  There are fewer homes for sale now, they’ve been bought and tidied up, bringing property values back up again.

PDCC’s director of golf, David Zickau, was hired in November and asked to embrace a simple philosophy as he moved forward in his new position . . . and that was to make the club friendly for all who go there.  The course was overseeded, new carts brought in and other improvements were made to bring the club back up after 18 months of being closed.

The club’s management goal is to provide affordable golf at a high quality course, and there are membership packages available for every level of golferA round of golf can be had for $45 to $69, depending on time of day.  Memberships range from $3,300 for single to $4,500 for a couple, with special rates for snowbirds.  In addition, improvements have been made to the 13,000sf clubhouse – such as a new outside patio area with 4 fire pits.

The Palm Desert Country Club’s golf course has been almost fully booked since re-opening, and hopefully the young and enthusiastic staff will continue to please members and attract newcomers.  Kudos to PD Investments for their commitment to bringing the club back and hopefully exceeding expectations.

 

 

 

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Canadians are snapping up Palm Springs and La Quinta Real Estate

Canadians and Palm springs real estateThe Canadians are here..the Canadians are here!  That’s what we locals say every Winter now..it’s changed from “The Snowbirds are here..”  As a largely Resort Community, we are very happy every winter season when out of towners flock to our warm, winter weather.  As a local, I love the slower pace of life, the lesser levels of traffic and the “local” feel to dining and dancing during the hot summers.  But..I also LOVE the winter influx of our seasonal friends.

Vancouver, and Calgary, Canada, seem to be sending droves of Buyers to our extremely affordable Valley.  The harsh Canadian winters become a distant memory once they step off the plane, and the warm temperatures welcome them to the Palm Springs Valley.  With average winter temperatures of approx. 80 degrees and nightly lows of only 40-50 degrees, it’s a perfect place to spent your winter months, vacation, or retire in.  Many of us live here year round and I for one, find that my blood is thinner than my Canadian friends!  I’ll bundle up in a sweatshirt, but my Canadian clients will be sporting golf shirts or a light cotton tee!

Along with Canadians, who know a deal when they see one, we are seeing a huge increase in International Investors.  Buyers from China, Asia, France, England..pretty much everywhere are ending up in the Desert.  Our Real Estate Values have never been so good, and with golf, tennis, hiking, equestrian events, dining and dancing..there just isn’t much to miss!

The building mania of 2002-2006 hit our valley hard.  We were a perfect storm, with land relatively inexpensive and lots of it, developers saw an opportunity and took it.  That means that when the downtown hit..2007-2010, prices fell to 30-50% below the peak.  It doesn’t make much sense any more to build a home..even an extremely custom one, when you can buy a resale with ALL the bells and whistles for a lower price/sf than a builder can build it for!  What???

If you are waiting for a great time to invest in our Palm Springs Valley real estate, now is it.  Luxury homes are selling like crazy and are expected to move even faster during 2012.  Why?  People that buy Luxury homes are able to buy up to 3x as much house than they can at home..whether it’s Canada or China.  Plus..where else to park some money where you can actually enjoy it?

Come on out and visit..you will most likely stay for a long while!

image: photoshelter.com

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