August 2014

What's going on in Real Estate in Palm Springs?

The following updates are from figures as of July 2014 per the local Multiple Listing Service:

1.  The Median price per square foot was $231.12, up 12.2% from July 2013.  However we are still 15% BELOW the all time high of $307 in 2006.

2.  Palm Springs is down by 9% in sales compared to 2013.

3.  Distressed homes (Short Sales and disclosures) represent less then 10% of the total sales. 

4.  Inventory for the Coachella Valley has been declining for five months. 

5.  Higher priced homes show a 7 month inventory (how long it typically takes to sell a house priced over $900,000).  Lower priced homes are showing an average of a 4 month inventory.  This is normal for a "healthy" market.

Want

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12 Questions to Ask When Choosing Your REALTOR®

 Make sure you choose a REALTOR® who will provide top-notch service and meet your unique needs. 

 1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate — like many other professions — is mostly learned on the job.

 2. What designations do you hold? Designations such as GRI and CRS®, which require that agents take additional, specialized real estate training, are held only by about one-quarter of real estate practitioners.

 3. How many homes did you and your real estate brokerage sell last year? By asking this question, you’ll get a good idea of how much experience the practitioner has.

 4. How many days

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Modernism Week which takes place in Palm Springs in February, is adding a Fall version to the line up for all us Modernism fans that want to celebrate mid-century design more then once a year.  Mark your calendars for the fall edition of Modernism Week, Oct 10-13. Additionally,  the Palm Springs Modernism Show & Sale Fall Edition will be part of the festivities The event will be held Oct. 11-12 at the Palm Springs Convention Center and will feature 40 dealers selling their best mid-century wares. National and internationals dealers, from fine arts to the decorative, will have displays.

This is the first year for the fall sale, a response to the growing attendance of Modernism Week in March

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The Paul Kaplan Group will be celebrating too with

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One of my favorite blogs that I follow is Apartment Therapy.

They recently published the "9 Home Truths We Tend to Forget (That Are Worth Remembering)" which I believe apply to your Palm Springs home as a vacation property or a full time residence.  These factors all help to make your house a home, whether its just for a weekend escape in Palm Springs, or where you reside day to day.    Here are excerpts from the blog:

Home — and what makes it one — is different for all of us. But there are some universal truths that when taken to heart (and kept in mind), make the home we do have that much more enjoyable. These nine truths about home — how to make one and love the one you have — are the kind of simple truths that sometimes slip our busy minds. But

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Comfort is arguably the most ideal aspect in a home. A home that you look forward to going to after a long day or a place to escap from everyday life.  A place to ease the mind. Ease does not come, however, from resistance to what is natural.   Located at 2930 E. Wyman Dr. in Palm Springs, CA, this mid-century Alexander in Racquet Club Estates, flows with its natural setting. Solar power provides electricity from the endless desert sunshine, bringing the current electric bill to less than, a whopping, five dollars a month, per the seller. Beautiful drought-resistance landscape not only diminishes the efforts of up keeping a thirsty lawn, but also helps play a role in the current California drought.   An electric car-charging station in the garage…