Category Archives: Canadians buyers in Palm Springs

Canadians back to buying Real Estate in Palm Springs?

US-to-Canadian-small-300x163

We are happy to see the Canadian Dollar climbing up steady compared to the US Dollar,  since its low in January 2014.

As I was saying earlier, for us in Palm Springs and for our Real Estate Market , losing the Canadian business  was a big loss. We are seeing some more interest from Canadians, and if this trend continues we might get back to what we had in the past 4 years. We certainly missed the ALL CASH deals and how easier it was to close a transaction. Our banks/lenders and the Dodd-Frank legislation  as well as the new QM rules made closing business a challenge this season.

So : Welcome back! we are ready for you Canadians buyers!

Again “where did my cheese go”?

cheeseSo I am reading some economic let’s say Real Estate related news for California and our area especially and again we are “asked” to change our expectations for this market.

The number of sales dropped for the month of March and April, well I know the reasons because I have seen it happening when doing my own transactions : the Canadian buyers went away and the US Baby Boomers are trying to get in but the banks and the price increase in 2013 is really slowing the market down.

I guess once again IF YOU HAVE THE MONEY TO BUY CASH or if your credit is GOLD not a problem , for the rest of the people it will have STAND BY.

What does that mean for our market for the month to come : VERY STEADY PRICES

Palm Springs and the Canadians Buyers

 

je-boudeWell times are changing! Starting mid-December, we started seeing a change in our market: Canadians have been 80% of our buyers since 2009. As of today and for the last 2 months, Canadian potential buyers have been “fading away” .

I suppose the exchange rate situation is changing your approach and keeping you on your toes. I totally understand, but think about it. in 2004/2005 and even until 2008, buying real estate in Palm Springs was reserved to “privileged” who not only knew about Palm Springs but could afford it.
All of a sudden the double “whammy”. The Canadian $$$ came up to par with the US $$$ and the prices dropped.

Well these are the cycles of everything in life.

But let’s think about it. Prices are still affordable. Will the 10% difference in the dollar rate keep you from enjoying our beautiful area, the sun, the golf, the convenience of access and prices of the flights?

Are you ready to stand by for 10 or more years or so for the next “opportunity”? Prices are going up and buying today will help you “make up” for the loss in currency exchange.
Of course if you are in your 40’s you have all the time in the world…I know I am not and I DON’T and this is why I think that way.
It is just a thought I wanted to share with you.

Palm Springs Real Estate Market Update

Novemberstats

 

Numbers/Results for November 2012
The inventory, at the beginning of December, for the cities we cover, is 2788 which is a 13% drop year over year. This includes 96 REO’s (bank owned ) and 107 Short Sales: representing 7% of the inventory for distressed properties compared to 13% year over year. (so the number of distressed properties has dropped significantly). This is bringing a raise in prices of about 5% year over year. The homes have sold on average of 95% TO 104% of the asking price. We are far from the times where we presented offers at 10 to 15% under the asking price!!!

 


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Canada Fest in Palm Springs December 8-9, 2012

In recent years, if you have noticed a discernible increase in the number of our Canadian neighbors vacationing and living in and around the Palm Springs area, you’re not alone. In fact, it’s hard not to notice, as the population of the desert cities and surrounding valley more than doubles during the winter. Over the years, a special relationship has developed between the desert cities and the influx of Canadians that has helped inject a new vitality into Palm Springs area winters.

As a result, Palm Springs will host Canada Fest 2012 on December 8th and 9th at the Palm Springs Convention Center. Canada Fest 2012 will be the first of its kind in the area, and its intent is to join Canadians and Californians in expressing their mutual appreciation for renewing the desert area as a vibrant and world-class winter vacation destination.

There will be more people, events, and activities to meet, see, and do than you can imagine, with the below being only a partial list of whom you can expect to meet and what you can expect to see or do:

  • Political Dignitaries – what’s a celebration of two countries and cultures without local and national political dignitaries making appearances? Canadian Ambassador to the United States Gary Doer, California Senator Barbara Boxer, local House Representative Mary Bono Mack, and the mayors of Vancouver (Gregor Robertson) and Montreal (Gerald Tremblay) are among the political dignitaries expected to appear at Canada Fest 2012.
  • Non-political Dignitaries – Miss Universe Canada and Miss Greater Palm Springs are both expected to appear and greet visitors. Also possible will be photo ops with two police offers on horseback, one representing the Royal Canadian Mounted Police and one the Palm Springs Police Department.
  • Booths – There will be booths representing more than 200 different vendors promoting and displaying clothes, real estate, food, drinks, seminars, and a host of other products and specialty items.
  • Prize drawings – Attendees will be given a “passport” that they can have stamped at one of the vendors in attendance. Once an attendee collects a minimum of 25 stamps, he or she will become eligible for any number of prizes from numerous drawings. Prizes will include cruises, trips, furs, jewelry, and more.
  • Food and Beverages – Attendees can relax with a brew or two at the Canadian Beer Garden. For coffee lovers, Tim Horton coffee will be served and prominently displayed throughout the event. There will be plenty of food, as well.
  • Fashion – Several runway fashion shows will be put on by top Canadian and U.S. designers, such Joseph Ribkoff, Dicker & Dicker of Beverly Hills, and more.
  • Special events
    • Children won’t be forgotten, as there will be special booths with yummy food and face painting, among other children’s favorites.
    • Autograph signings from celebrities and sports heroes.
    • Seminars on a variety of subjects presented by a throng of respected and well-known speakers and experts.
  • Music – Classic songs from American rock band Player, who will be playing a variety of their classic hits from the 1970s and 1980s.
  • Real Estate information – For anyone wishing to move to or merely vacation in Palm Springs, there will be plenty of information from the best, most trusted real estate figure in the area, Claudine Messika.

For more information on Palm Springs Real Estate and Homes, click here to speak with Claudine.



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2012 Palm Springs Veterans Day Parade

Every year on November 11, the United States commemorates those brave men and women who have served and are still serving in our country’s military with what is officially known as Veteran’s Day (note: the difference between Veteran’s Day and Memorial Day, celebrated in May, is that Memorial Day is for remembering those who died while serving and Veteran’s Day acknowledges all service members, dead or alive).

November 11 is a popular holiday around the world, as well, as it is known elsewhere as Armistice Day or Remembrance Day, marking the anniversary of the signing of the Armistice that ended the First World War. (World War I was formally ended at the 11th hour of the 11th day of the 11th month in 1918 when the Germans signed the Armistice).

The holiday has seen several incarnations, names, and even dates, but the first recognition was under President Woodrow Wilson on November 11, 1919, and it only acknowledged those veterans of World War I. In 1938, Congress made it an official federal holiday and called it Armistice Day.

In 1945, World War II veteran hatched the idea that November 11 should recognize veterans of all wars, not just those of World War I. In that form, recognizing all veterans, dead or alive, of all wars, Congress formalized the holiday on May 26, 1954. Less than a week later, Congress amended the holiday to its current name of Veterans Day.

From 1971 until 1978, Veterans Day was recognized on the fourth Monday of November, but was then moved back to its original, and still current, date of November 11.

Being a federal holiday, most schools and many businesses are closed in observance of the holiday. When the holiday falls on a Sunday, as it does in 2012, there will be many festivities and parades on that Sunday, but the holiday will be on Monday, November 12. Federal workers will be given that Monday as a paid day off, no mail will be delivered, and most non-essential federal government offices will be closed. Free meals will be offered to veterans at many restaurants and fast food chains.

And, of course, a great many cities and towns across the country commemorate the day with a parade and other gala events.

Palm Springs Veterans Day Parade

Since 1988, the City of Palm Springs has proudly presented the Palm Springs Veterans Day Parade. As has been the case for years, Palm Springs is a Regional Site for the Observance of Veterans Day, as designated by the Department of Veteran Affairs.

Assisting in this year’s Veterans Day Parade is Roadshows, Inc., as they have been doing since 2008. The parade will consist of all branches of the United States Military. There will be more than 80 entries and 2,000 participants in the parade, and a crowd in excess of 40,000 is expected to turn out and honor the veterans.

Military bands, veterans organizations, color guards, and area high school marching bands will take part in the parade, which will begin at 3:30 pm in downtown Palm Springs. There will be pre-parade static exhibits as well as a post-parade concert featuring the 1st Marine Division Band from nearby Camp Pendleton. Following the concert will be a fireworks finale downtown at the intersection of Palm Canyon Drive and Amado Road.

 



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McCormick’s Classic & Exotic Car Show and Auction (November 16-18)

If you’re into classic and/or exotic cars – or even if you’re into cars of all kinds – then you’re bound to know about McCormick’s Classic & Exotic Car Show and Auction held twice a year in Palm Springs, California.

And if you don’t know, you should. You’ve been missing out.

Hundreds of beautiful, gleaming autos are on display – sports cars, classics, antiques, and even special interest vehicles. And over the course of each 3-day event, scores will be sold through the Auction block.

The next event, Auction 53, will be at the Palm Springs Spa Hotel & Casino from November 16th to 18th, 2012. There will be parties and auctions all day and into the night. You’ll find classic Ferraris, Rolls Royces, and Cadillacs, among others, as well as muscle cars like Mustangs and Pontiac GTOs.

Brief History

In the early 1980s, British entrepreneur Keith McCormick realized a long-held dream and moved his family to Palm Springs from his native United Kingdom. From there, he relentlessly devoted his time to his family and his cars, hosting his initial Palm Springs exotic car auction in 1985. Because of his tireless dedication, the Palm Springs Exotic Car auctions have become world-famous events and a steadfast local tradition held twice a year – in November and February.

Auction 53 Information

The following is basic auction information:

  • Friday admission is free
  • Saturday & Sunday are $15.00 each or $25.00 for both days
  • Vehicle entry fees:
    • Friday Lot Nbrs: $300
    • Saturday Lot Nbrs: $300 or $400 for Prime Time (11:30a – 2:30p)
    • Sunday Lot Nbrs: $300 or $400 for Prime Time (11:30a – 2:30p)
  • Regular Bidder Fee $30
  • VIP Bidder Fee $100
    • VIP Bidder card is valid for two (2) consecutive events. It includes photo ID card/lanyard, admission tickets for two people, free food Friday for two people, and VIP red carpet seating up front.

November 2012 Schedule of Events

  • Thursday, November 17th
    • 8:00-6:00: Vehicle check-in, especially for Friday cars
  • Friday, November 16th (free admission)
    • 2:00 – 3:00: check-in and free champagne happy hour
    • 3:00 sharp: 120 cars crossing the block (until 8:30pm)
  • Saturday, November 17th
    • 8:00: Gates open
    • 10:00: First car crosses the block (225 cars will run – until 7pm)
  • Sunday, November 18th
    • 8:00: Gates open
    • 9:00-10:00: Free Bloody Marys and Mimosas for all bidders and cosignors
    • 10:00: First car crosses the block (175 cars will run – until 5pm)

Featured Auction Cars

  • 2011 Audi R8 MT6 Spyder
  • 1976 Lincoln Mark V
  • 1953 Jaguar XK120 Roadster
  • 1966 Volkswagen 21-Window Microbus
  • 1970 Ford Mustang Boss 302
  • 1949 Chevrolet 5-Window Pickup
  • 1952 Studebaker Starlight
  • 1972 Plymouth Cuda
  • 2010 Shelby Cobra Replica
  • 1962 Austin Healy 3000
  • 1953 Chrysler Town & Country Station Wagon
  • 1981 Delorean Time Machine
  • 1963 Porsche 356B Coupe
  • 1969 Mercedes Benz 280 SE

If you don’t see a car above that you favor, don’t worry – there are plenty of other cars up for auction, including a 1965 Ford Mustang, a 1975 and a 1979 Chevrolet Corvette, a 1982 Rolls-Royce Silver Spirit, a 1956 Ford Thunderbird, a 1978 custom Firetruck, a 1998 Ferrair 355 Spyder, a 1953 MG TD Roadster, and more. Surely, there’s a car (maybe two) for you, if not to buy, then at least to see and enjoy.

 



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2012 Rancho Mirage Art Affaire

 

Introducing Rancho Mirage

 

Rancho Mirage is a lovely city nestled in the beautiful Palm Springs Valley. It is located at the foot of Santa Rosa Mountains, near the Southern California freeways. Also, Rancho Mirage is situated close to San Diego, Phoenix and Los Angeles. Hundreds of visitors come every year to see this wonderful city because it offers a resort-like lifestyle, a great climate and lots of sunshine. Additionally, Rancho Mirage was home to top entertainers, corporate executives and renowned political leaders.

 

The Rancho Mirage Art Affaire

 

Another reason to visit this city is the Rancho Mirage Art Affaire, an event that takes place every year. In 2012, it will be organized on November 10 and 11. The Art Affaire has no admission fee and it’s presented by the Recreation and Park Commission in Rancho Mirage. This impressive 2-day event represents a juried music and art festival that will include no less than 100 visual artists coming from various mediums: jewelry, ceramics, sculpture and painting. In addition, the spectators will have the chance to listen to amazing Smooth Jazz music on Saturday. Sunday evening will be dedicated to Rhythm and Blues.

 

The Rancho Mirage Art Affaire Activities

 

There will be numerous activities taking place at the Rancho Mirage Art Affaire. To begin with, there will be plenty of food offered by local restaurants such as “Hot Dogs on the Run”, “Fisherman’s Market and Grill”, “Brandini Toffee” and “Wally’s Desert Turtle”. A great meal must be accompanied by a delicious drink. Thus, the organizers have arranged a special Beer and Wine Garden for guests. Visitors can bring their children because there will be lots of activities for the little ones. The Rad Hatter, a recycled art program, will be adored by youngsters looking to have fun.

At the Art Affaire, visitors will also have the chance to find out more information about the Rancho Mirage city. The city government will have a special booth that will offer details and giveaways on city programs and services. Additionally, they will provide information about the Rancho Mirage Public Library. The local Fire and Sheriff Departments will also have displays showing their vehicles. Kids can take photos of them in the vehicles. For more details on Disaster Preparedness people can go to the Emergency Preparedness Commission booth. Finally, the booth appertaining to the Historic Preservation Commission is going to have information about the history of the city and will present the historically significant buildings in town.

As mentioned before, the Rancho Mirage Art Affaire will also include lots of music. On November 10th, Saturday, people will have the chance to listen to Four80East and Brian Simpson. These 2 performers are great jazz musicians that will entertain the crowds. The second day, November 11th, the atmosphere will be boosted by Rhythm and Soul artists. The stage will be on fire thanks to Bluz Soul Project and Solid Ray Woods. Every year, the event has a beneficiary. This year, the beneficiary is the Library Foundation in Rancho Mirage. This institution funds exhibits and programming for the Public Library and has various programs for artists.

For more information on Palm Springs Real Estate and Homes CLICK HERE to speak with Claudine.



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