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Tag: <span>desert golfing</span>
Year-Over-Year Price Increases and Lowest Inventory in History
The median price of Valley detached homes in March was $549,000, which is 27.3% above last year. The attached home median price in March was $345,000, up 15.4% over the last twelve months.
Prices are expected to continue moving higher by following the seasonal pattern of reaching highs in May before pulling back. Seven cities how have median price increases for detached homes over 20%, with two up more than 30%. It should also be noted that five cities have exceeded the historic price highs they made in the year 2006, with two more only fractional percentage points away.
The three-month average of total sales is now averaging 1,129 a month, which is 39% higher than last year. Due to seasonal forces, average could reach 1,200 units, or higher, over the next two months and sales staying in the high range.
Inventory continues to decline and as of this writing, there are 707 units for sale. That compares to 3,034 units a year ago. Continued high sales and lower inventory has again driven the “month of sales” ratio to new historic lows. It is now just 4/5 a month, or just a little over three weeks. A year ago, the ratio was 3.7 months. This lack of supply is causing bidding wars amongst the many home buyers and is the force driving home prices much higher.
If you are considering buying, the time is now. I see the current trend of appreciation continuing for the next few years.
If you are considering selling, now is a great time. Most homes sell within days. Don’t get left behind.
Put me to work for you! Please don’t hesitate to contact me for specifics.
Palm Valley Country Club, developed in 1983, is a private gated golf and tennis community. The 1,274 condominiums offer 14 different floor plans ranging in size from 936 to 2,489 square feet. The community offers single-level condos with fairway views of the two courses, Championship and Challenge. In addition, there are numerous buildings offering upper and lower level units surrounding the Challenge course.
If you love golf and tennis, then Palm Valley Country Club offers you a premier lifestyle club. Situated on lush tropical terrain centrally located in Palm Desert and just 10 miles from Palm Springs, Palm Valley Country Club redefines the private golf club experience. Blending time-honored traditions of golf with modern, upscale conveniences, the club boasts 36 magnificent holes of golf designed by Ted Robinson, Jr., and an array of golf, social and recreational amenities and personalized services and exclusive privileges that have earned it recognition among the finest private clubs in the Coachella Valley.
The masterful golf courses are just part of the experience. Between rounds, you can work on your game at the practice facilities, shop the Pro Shop for equipment or clothing, and enjoy the club’s bar, lounge and restaurant.
Palm Valley Country Club’s tennis and pickleball courts offer a variety of opportunities for social or competitive play in leagues, round-robins, tournaments, and inter-club events. Their talented USPTA-certified teaching professionals are available for private and group lessons for children and adults, and offer a Junior Tennis Academy for children ages 6-17.
Palm Valley Country Club is celebrated with its 100,000 square foot clubhouse, golf and tennis pro shop, men and women locker rooms with steam, sauna and jacuzzi, two restaurants and lounge, olympic size lap pool, state-of-the-art fitness center and a day spa/salon.
Whether you’re a passionate golfer or tennis player looking to improve your game or you simply want a place where you and your family can relax and enjoy the weekend, Palm Valley County Club offers you the lifestyle of your choice. It is no wonder it has received the designation of the ‘fun club’.
Home prices range from $250,000 to over $600,000. Monthly HOA is $725. Golf membership is separate.
Palm Valley Country Club is located off Country Club Drive, between Washington and Cook streets.
http://www.palmspringsvalleyhomes.com
Home Prices, Election, Covid-19, Oh My!
It’s been quite a November and we’re only 13 days into it.
Many of us thought after November 3rd the Democrats and Republicans would stop their constant fighting and we’d know who the Presidential candidate would be sworn into office in January. To add to our worries, Covid-19 high positivity rates smacked us again.
But there is a bright light in our housing market.
People from around the country are buying homes where they’ve been vacationing. They’re buying homes in leisure destinations as permanent residences and as secondary homes. Our Palm Springs area is one of those destination hotspots. And we locals know why; weather, beautiful scenery, lifestyle, and fabulous homes at fantastic prices.
2020 has proven to be a very big year in the real estate market in the Coachella Valley. Buyers who had been waiting for “the right time” to purchase a home found this year to be that right time.
Our residential inventory is still very low in all prices points, with the exception of the uber high-end properties. If a property is priced correctly, based on its location, sun exposure, floor plan and other factors in its community, it will sell – and sell quickly. But even in this hot market, sellers must remember that buyers set market prices, not sellers. It is a sellers’ peril if they disregard this reality. If they do, they won’t sell their homes.
As we approach the holidays, realtors would generally see a slight slowdown before our January to April active season. However, since Covid-19 people keep streaming into the desert searching for their ‘desert dream home’.
There’s been a huge surge of sales in the detached home market. In the past 1-1/2 months, home sales experienced a 39.3% increase year-over-year. The average home sale is a tick over $600,000. In the $700,000 to $800,000 price bracket, sales increased 96%. In the million-dollar and over price bracket, sales went from an average of 45 units to over 110 units a month, an increase of 144%.
Entry level homes priced between $250,000 to $350,000 are very hard to find. If a single-family home comes on to the market in this price range, it won’t list for long. In this price range it’s easier to find a condo.
With the start of our selling season, we anticipate seeing more homes hit the market, which may ease some of the upward pressure on home sales. However, as with everything else this year, nothing is running its usual course.
Stay tuned. Stay connected.
If you’re thinking about moving to the Palm Springs area, you may not know that Palm Springs is just one city of nine in the Coachella Valley.
Visitors often refer to our desert cities as Palm Springs. True, just about everyone throughout the world knows about the city, so it’s easy to understand why the name ‘Palm Springs’ is synonymous with the region. As popular but not as well known, are nearby cities that attract both visitors and home buyers. Rancho Mirage, Palm Desert, Indian Wells and La Quinta offer what Palm Springs became famous for; majestic desert mountains, beautiful weather, sunshine, tennis, golf, and more…
Tip 1:
While living across the street from the fairways offers a homeowner additional privacy (no neighbor in front), it also provides a bird’s-eye-view to golfers – especially those wandering through your yard to retrieve balls. Choose your location within the golf community carefully. Homes along the right side, nearest to the tee box, are statistically at higher risk for wandering golfers searching for errant balls and the damage those balls can cause. You may want to play the course to help determine if the home you have your eye on is ideally located.
Tip 2:
I stress the importance to all homeowners interested in purchasing a home in a managed community to read the HOA documents thoroughly, it’s even more critical when considering a home on a golf course. Is netting prohibited? Are there rules against entering the course from your property?
Tips 3:
While golf participation throughout the country is stabilizing, and fewer courses are closing, keep in mind that it’s still a buyers’ market in many communities in this real estate niche. You are in the drivers’ seat, by and large, in negotiations.
Tip 4:
You don’t have to be a golfer to enjoy golf course living. In fact, it’s estimated that only about a quarter of residents who live on or near courses play the game. They purchased the home to enjoy the scenic view, the enjoyment of not having a neighbor’s home facing theirs and the peaceful evenings.
Tip 5:
If you do play, you may want to restrict your search for a golf course home for sale to communities that offer other amenities as well, such as tennis courts, walking trails, swimming pools.
Thinking of selling your golf course home?
Realtor.com analyzed listings of homes for sale in 273 U.S. counties. They found that those listings that included the word “golf” took, on average, 75 days to sell. These homes eventually sold for 14 percent more than the median sale price for the area and nearly 30 percent more than the nationwide median home price.
Of course, all real estate is local and markets change so the “mileage” here in our area may vary. Feel free to reach out to me for a complimentary, no-obligation determination of your home’s likely market value.
Many people not only enjoy winter, but wait eagerly for the start of the season. We, however, live in the desert, because we thoroughly enjoy the pleasant year-round temperatures and mild climate. If you’re like us, then you will enjoy reading today’s post about some of the things you can escape from when you spend your winters in the desert. Contact Darlene Harwick in Palm Springs today and let us help you find your dream desert home.
Icy Sidewalks
Icy sidewalks are one of the primary causes for personal injury during winter. Sure, you can spend the money to have radiant heat placed into your own sidewalk, but how does that help you when you want to walk beyond your property? If you are tired of wondering whether your next step might just shoot out from under you, or you can’t fathom sprinkling another round of salt across your driveway, then you should consider moving to Palm Springs and adopting the desert lifestyle.
Black Ice
Speaking of ice, there are few things in life that are more scary than suddenly realizing that you are driving across black ice. Named for its ability to blend in with the color of the road, black ice is dangerous primarily because you can’t see it until it’s too late. The best thing to do is to take your foot off the accelerator and hold the wheel steady until you are at a spot where you can safely brake.
Flu
Whether or not you catch the flu during winter, you probably struggle with a stuffed up or runny nose at least several times over the course of this sickness-inducing season. The fluctuations in temperature between your warm home and the cold outdoors, coupled with changing humidity and a variety of other factors, make winter one of the hardest times to remain healthy.
Scraping and Defrosting Your Car
Even if you keep your garage organized enough that you are able to park indoors, you don’t have the luxury of that protection when you drive to work, or run errands. It is easy to forget the simple luxury that we enjoy during the summer of simply hopping in our cars and taking off. During the winter, not only will you have to scrape ice and snow off of your vehicle, but you will also have to allow time for the heater to warm up your car and defrost your windows.
Heating Bills
During winter, there are only so many clothes that you can put on before it becomes uncomfortable. Likewise, short of heating your home to match the temperature of a sub-tropical climate, there aren’t a lot of other options for remaining comfortable. Most people choose to heat their home to a reasonable temperature and then simply wear an extra layer or two. Wouldn’t it be nice to walk around in your shorts even in the middle of winter? You will have that, and many other comfortable luxuries when you move to the desert.
Darlene Harwick wants to help you find the perfect desert home for you and your family. Whether you are interested in a vacation home to escape winter, or you are looking for a permanent residence, we can help.