Category Archives: Rancho Mirage Real Estate

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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Rancho Mirage, CA 92270 Market Report for the Week of October 15, 2012

The median list price in RANCHO MIRAGE, CA 92270 this week is $799,000.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Price

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

CLICK HERE to download the full Rancho Mirage, CA market report.

 



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Rancho Mirage, Market Report for the Week August 27, 2012

The median list price in RANCHO MIRAGE, CA 92270 this week is $785,000.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.

Price

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

Click Here to download the full Rancho Mirage, CA, market report!

For more information regarding luxury homes in Rancho Mirage, CA, contact Claudine Messika.



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HOW IS THE MARKET?? Question we are being asked day in and day out

summit2012

So 2538 Realtors spent 3 and 1/2 days at the Tom Ferry Coaching Seminar for Real Estate Professionnals- why so many this year the largest ever…because we all understand that the market IS CHANGING and that we need to learn how to make it work for US for mainly for our clients and how to bring them the best information and help them the best way in this new reality.

The Market has changed no matter if you are in Palm Springs or on the California Coast, Florida, Nevada.. and I am prepared, fully knowledgeable and here in my market in Palm Springs and the Desert Cities to answer your questions and guide you.



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Morningside Golf Country Club in Rancho Mirage

b77450332e98f8f1d0be82675e63a700-300x224Be one of the elite at Morningside Golf Country Club. With its luxurious setting and top-notch amenities, Morningside has attracted former presidents, famous sports figures and leaders of industry to its membership.

Home to the first Jack Nicklaus designed golf course in the Palm Springs area, it features 140 acres of immaculate turf and 20 acres of lakes. You’ll have plenty of opportunities to better your game with two practice putting greens, a practice pitching area, and practice fairway bunkers. The course is surrounded by beautiful flowerbeds and boasts some of the most breathtaking views in Southern California. Golf membership is $50,000 private equity, with $1,048 in dues monthly.

There are over 360 homes in Morningside, offering large square footage and private pools. Homes are valued between $550,000 and $2.2 million, with HOA dues of $995 per month. The community association offers such services as an on-site handyman, security home watch provided by the in house security staff, and a 24 hour concierge service.

Other exciting features of Morningside Golf Country Club include:

  • Tennis facility with five hard courts and one clay court
  • Fully stocked tennis pro shop
  • State of the art fitness center with incredible views of the Coachella valley.
  • Casual and formal dining options, plus home delivery after 5:30pm every day
  • Extensive wine list
  • Year round special events including Jazz Nights, Chinese New Year, Canine Carnival and more
  • 51,000 square foot clubhouse with pool, considered one of the most architecturally beautiful in the desert, featuring stunning views of the San Jacinto Mountains

Morningside Golf Country Club is located at 39033 Morningside Drive, Rancho Mirage, CA, 92270. Find directions to the club here.

Learn more about life at Morningside Golf Country Club by visiting their website. To get more information about the club, please call (760) 324-1234, or email Corinne Zajac at czajac@clubatmorningside.org.

For more information on homes in Morningside Golf Country Club & Rancho Mirage 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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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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