Category Archives: Palm Desert Real Estate

Desert Falls Country Club in Palm Desert

With an 18 hole championship Ronald Feam designed golf course, Desert Falls Country Club boasts one of the top 10 courses, rated by the SCPGA. It has even earned a four star rating from the Golf Digest “Best Places to Play”. It is considered one of the best golf courses in the desert, and has spectacular views and beautiful desert scenery. The links-style course is made to be enjoyed every day, and can be challenging to beginner and pro alike. Golf membership is $13,000, with $468 due monthly. Membership is open to anyone who is invited and sponsored by an established Member.

Desert Falls Country Club consists of 1,100 homes in several styles including villas, townhomes, single family homes and luxury custom estate homes. Condos are available as two story townhomes, single level units on the first or second level and a few single story units with no units above. Condos are priced from $150,000 to $320,000 with HOA dues ranging from $435 to $496 a month.

“The Links” enclave consists of higher end single family homes in gated communities. Most come with private pools and are priced from $250,000 to $600,000. HOA dues are $435 to $496 a month. “The Estates” enclave is high end custom single family residences in a gated community with homes Club priced from $1.47 million to $1.5 million with HOA dues of $350 a month.

Other amenities offered at the Desert Falls Country  include:

  • Driving range and practice greens
  • Golf pro shop with golf club rentals
  • 35,000 square foot clubhouse
  • Casual, comfortable dining
  • Nine hard surface tennis courts lighted for night play
  • Fitness center with racquetball courts
  • 32 swimming pools, with 3 lap pools

Desert Falls Country Club is located at 11111 Desert Falls Parkway, Palm Desert, CA, 92211.

For information on membership opportunities please visit their website or call (760) 565-3406.

For more information on homes in Desert Falls Country Club CLICK HERE to contact Claudine.



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NEW LISTING! 72390 Ridgecrest Ln Palm Desert, CA 92260- $161,000

Great South Palm Desert location high up on Hwy 74 on a quiet cul de sac. This is the largest model at Sommerset with 3 bedrooms, 2 bathrooms and an open floor plan. Handy for El Paseo shopping and restaurants. Perfect as a vacation home or for year-round living. Property is being sold subject to 24 CFR 206.125.

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For more information about this property and other Claudine Messika homes, click here to make an exclusive property consultation today,



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Sellers Making More Price Adjustments

It’s no secret that buyers are at an advantage right now when it comes to purchasing homes, and sellers are definitely starting to take note of this. Two recent surveys indicate that sellers are starting to gain more confidence in their properties; these surveys also show that sellers are also withdrawing from the market.

This results in very low home inventories, which limits the choices that buyers have when they’re looking for a new home, especially in prime buying season, which is in the spring. A national survey also confirmed that housing inventory had dropped 1.3 percent by the end of March. Listed inventory is also 21.8 percent lower than it was a year ago.

However, another study indicates that the number of people who affirmed that now is an ideal time to sell a home increased from 10 to 15 percent for the fourth month in a row. While this isn’t an overwhelming increase, realtors do believe this is a step in a positive direction.

As far as neighborhoods go, only about one in five adults agreed that now is a perfect time for someone in their community to sell a home, while 63 percent disagree with this sentiment. The prices that people are expected to pay for home is also directly linked to changing mindsets among home sellers.

Generally, Americans are expecting home prices to increase about 1.3 percent in the next year. This is due to the fact that people are generally optimistic about the positive turn the economy is taking, and are willing to pay for homes that are a little higher priced. Confidence in the home buying market rose two percent from March to April, so home purchases are expected to increase.

This presents good news for both sellers and buyers, and will increase the chances that individuals will get into new homes they are satisfied with, in terms of both home specifications and price.



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Canadian Baby Boomers Buying in Palm Springs

Value a Lure along with the Weather

Realtors in the Palm Springs area are taking note of the fact that there is a growing trend for Canadian baby boomers to purchase homes in and around Palm Springs.  Several report that they are seeing such clients come in on a regular basis with the frequency greatest around Rancho Mirage, but running high throughout the Coachella Valley.

The big selling season in the region begins in November when cold weather elsewhere causes clients to flock in.  While the evidence is anecdotal and not yet fully assembled into a statistical form, multiple agents have reported a doubling in the number of Canadian boomers this season over the expected norm.  The strong position of the Canadian dollar coupled to the large number of listings is believed to be the reason behind the upsurge.

Many of the Canadian baby boomers see the Palm Springs real estate market as a safer place to put their money than the stock market would be.  Not only is it more likely to retain and appreciate in value, it affords them a place to stay as well.  Protecting their assets becomes a more critical concern as boomers approach retirement age.

Vacation Visits Lengthen in Term

The first time that Canadians visit Palm Springs, their stays may be short and combined with travel elsewhere.  They are on a vacation that includes visit to Los Angeles and other spots in California and surrounding states.  Once they become aware of the region’s attractions, they tend to stay longer

Canadian baby boomers have generally been here before.  They know what to expect weather wise and come here in great numbers every winter.  Many now marvel at the great prices to be found in the real estate market.  They are savvy investors and recognize a bargain when they see one.  The exchange rates are great, and it’s a buyers market with all the property available for sale.

Primary Residence Converts to Twin Homes

With their children grown and gone from homes, many boomers find they no longer have need for the large houses they have.  In the case of Canadian baby boomers, this often leads to a move to a smaller primary house and the purchase of a second home as a place to vacation in. Palm Springs turns out to be the perfect place for them to do this.

Canadian baby boomers can escape the harsh winter weather at home and luxuriate in the warm winter weather in Palm Springs and adjacent communities.  They can still enjoy life in the homeland, but may now opt only to do so in the warmer months.  As winter approaches, they pack up their gear and head south.  In this fashion, they can enjoy the best of both worlds.


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Palm Desert

City Enjoys Good Growth Rate

 

Palm Desert is the fastest growing city in the sprawling Coachella Valley located in the desert confines of Riverside County,California.  The city registered almost 50,000 inhabitants in the last census up from just over 40,000 in the 2000 census.  While this may seem as rapid growth to some, it pales next to the torrid pace sustained in the 80’s and 90’s.  In 1980, the population was a mere 11,000 or so.  It more than doubled to 23,000 plus by 1990 and over 35,000 by 1995.

Much of the increase has been attributed to the influx of so called snowbirds, inhabitants from colder climes such as Canada and New England states.  The city’s population expands even further every winter as tourists and temporary residents come to enjoy the sunshine and mild winter temperatures.  Ever larger percentages of the population however have come to live here year round.  The region is also attracting increasing numbers of Californians who are seeking a more tranquil lifestyle away from the state’s major urban centers.  The high value housing is an added lure.  Property here is seen as still affordable, but likely to appreciate in value.  This is due to the desirability that comes from the spectacular scenery of the region along with the abundant sunshine and cultural amenities that abound.  These include fine dining, golf courses, shopping districts, and casinos.

The city was called Palm Village back in the 1920’s when plantations of palm trees devoted to dates provided the agricultural mainstay of a region dedicated to growing crops.  These gradually began to give way to residential development starting in the 1940’s.  An area called El Paseo became an upscale shopping center.  The Palm Desert Corporation was formed in 1948 to develop the area for housing, and in 1951 the city incorporated itself as Palm Desert.

 

Celebrities Choosing to Live Here

 

Palm Desert is home to many well known names.  Bill Gates has a house here as does Rita Rudner and Jerry Weintraub.  They along with many of the residents of Palm Deser tlive here only part of the year generally in the winter months when the weather is sunny and mild.  Daytime highs are generally in the mid 70’s in January.  In July, the temperature often tops 100 degrees.

About two thirds of households own their units with the remainder renting their space.  There are about 1700 people living per square mile which is considered fairly low density.

Median household income here is just under $60,000.  This ranks Palm Desert as above the state average.  The figure is considered to be somewhat misleading because of the significant percentage of the population that is retired.  People in such circumstance often report incomes well below what their standard of living might suggest.  This is due to the fact that they have built up a substantial amount of assets over the years that are not reflected in income.

Palm Desert is home to several golf resorts which also feature spas and luxury hotels.



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May 2012 Market Update for California Real Estate Market

YES! it is official the market is picking up…In our micro market in Palm Springs California, particularly even so!
OK this is NOT the end of seeing distressed properties come on the market but we made that turn and the market is correcting itself at least from what I am seeing in our market with less than 9% of the inventory as distressed properties .
Please watch this video and enjoy the good news! Rush , rush and catch the last waggon of the train.



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Newest Housing Data Signals Improvements

The latest round of real estate data shows home-builder confidence is soaring as homes in the United States become more affordable. In California, prices and sales appear to be on the mend.

In a note back in May, Ian Sheperdson, chief U.S. economist for High Frequency Economics, wrote that the improvements in the housing market may be a result of credit loosening. The lack of readily available home loans has been a significant hindrance and one of the stumbling blocks to a rising market, he wrote.

Reacting to the rise in builder confidence, Sheperdson’s note further stated that the key factor is improving access to mortgage finance versus the level of rates, which have been very low for a long time. After a credit event, availability of credit is an important factor to real recovery; housing is on the cusp, he wrote.

Also in May, the National Association of Home Builders reported that its index of confidence in the market for newly constructed single-family homes climbed to a level of 29, the gauge’s highest reading since May 2007.

The West was the only region that saw a decline, down two points to 29. The Midwest and South were up five points each to hit 27 and 28 respectively, and the Northeast was up six points to 32.

In many housing markets, builders are reporting that sales and buyer traffic have picked back up after a pause this past April, Barry Rutenberg, chairman of the builders association, said in a news release.

It appears we have resumed the gradual upward trend in confidence that started at the beginning of this year, as excellent affordability and stabilizing prices encourage more people to pursue a new-home purchase, he stated further in the release.

A separate index produced by the National Association of Realtors indicated that homes in the United States reached a record level of affordability in the first quarter of this year. According to research, the index shows a family that earns the median annual income of just under $61,000 can afford a home costing $325,500.

And finally, home prices and sales appeared to improve in the Golden State as well, according to the California Association of Realtors. The statewide median price rose above $300,000 for the first time, and sales were at their highest level in more than two years, the group said.

A record-high housing affordability coupled with a brighter economic picture, pushed the Spring home buying season off to a strong start, LeFrancis Arnold, president of the association, said in a news release.

With interest rates declining to new record lows in recent weeks as well as a continually improving economy, we should see a steady improvement in the housing market throughout the end of the year, Arnold said further.

The California real estate group also reported that the amount of inventory on the market remained low. About four months and just under a week’s worth of homes were available for sale on the market, according to the association’s inventory index. Around six to seven months is considered a healthy market.



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International Style Architect and Visionary – Richard Neutra

Richard Neutra is heralded as one of the most significant architects of the Modernist era.

 

Neutra was born in 1892 in Vienna; his love for architecture grew during this childhood. He attended the Sophiengynmasium in Vienna until 1910, and also studied at the Vienna University of Technology for eight years, from 1910 to 1918. During 1921, Richard Neutra moved to Luckenwalde , Germany to be one of the city’s chief architects; later that year, he joined the offices of Erich Mendelsohn in Berlin, where he continued to lend his architectural sensibilities to commercial and residential construction.  In 1923, Neutra constructed the Adolf Sommerfeld houses while working for Mendelshon. The homes includes straight architectural lines, muted colors and multiple levels. 1923 was also the year that Neutra moved to the United States; he became a citizen in 1929.

The homes that Richard Neutra built displayed a combination of Southern California construction traditions and Bauhaus modernism. His most notable works include the Lovell House in Los Angeles, which was constructed between 1927 and 1929, the Anna Stern house in California built in 1934, and the Kaufman Desert House, in Palm Springs California, constructed in 1946 and 1947. The Lovell House was one of the most appealing architectural structures of the time, in both Europe and America. The house was also similar to the work of other famed European architects like Le Corbusier and Mies van der Rohe. The Kaufman Desert house, which displayed the construction philosophies that Neutra adopted later in his career, displayed elegance and layered horizontal planes.

In December of 1957, Richard Neutra was a guest lecturer at the North Carolina State University School of Design. Neutra decided to lead the students in the class to write a holiday letter to Frank Lloyd Wright, who is also an innovative figure in architecture. He also used his teaching abilities to instruct his son Dion in the ways of construction and design. In 1965, Neutra partnered with his son to form Richard and Dion Neutra and Associates.  The following year, Richard Neutra moved back to Vienna; he passed away in 1970 in Germany. However, the design firm Neutra formed with his son is still in business, and continues to service residential and commercial clients.


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Canadians Have Financial Advantages Buying in Palm Springs

Rates Make This a Good Time for Canadians to Buy in Palm Springs

 

The Canadian dollar is currently enjoying the most favorable exchange rate versus the U.S. dollar in decades.  Add to that the fact thatU.S.real estate prices have fallen from 30 to 50% over the last several years, and the result is that there has likely never been a better time to buy in Palm Springs then right now.

The Palm Springs area is acknowledged as one of the most attractive regions in theU.S.in which to make a purchase.  The locale is internationally renowned as a resort destination.  The dramatic setting beneath the majestic San Jacinto Mountains appears picture perfect, especially in winter when the snow capped peaks provide a striking contrast to the golf course studded desert flatlands.  There are Indian Casinos inside the city, and Las Vegasis an easy drive away.

Surveys show that a fifth of all Canadians are considering purchasing property in the U.S.  They already comprise about a quarter of the international buyers of U.S.real estate.  Such transactions have become so common that most major financial institutions are familiar with the process and able to offer assistance.

 

Process Less Complicated and Time Consuming

 

Experts now view the procedures for Canadians buying in Palm Springs as no more difficult than it would be in their home provinces.  When problems do arise, they tend to involve differences in the income tax codes between the two countries rather than anything about the purchase of the property itself.  For this reason, it is suggested that buyers consult with Canadian financial advisors regarding income taxes before making a purchase.  They will be able to walk clients through the legal fine points that U.S.advisors may be unaware of.

Tax planning should be part of the purchase strategy.  Often times, buyers make a purchase without considering the tax implications until it is time to file their returns.  It is also important to keep abreast of changes in the tax codes from year to year.

 

Many Selections Available Now

 

Because of the so called housing crises, there are many choice properties to select from in the Palm Springs area.  These extend into neighboring locales such asPalm Desert, La Quinta, and Cathedral City.  Each community has its enthusiasts, but all enjoy the same spectacular scenery and warm winter weather.  These are just two of the region’s positive attributes.  Others that add to the enjoyment would be: vibrant night life, an acclaimed community of artists, attractive shopping districts, and numerous golf courses.

Realtors can provide listings of properties in foreclosure or available for short sales.  There are often terrific bargains to be had in such distressed properties.  Local Palm Springsrealtors will also be knowledgeable about property taxes and options for financing.

Many Canadians buy property in Palm Springs for investment purposes or as second homes.  The many attractions to be found here help add to value and protect from downturns.  They also make it easy to rent out places bought.



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