Coachella Valley Cities – Residential Market Report 2019
Donna Ambrose January 21, 2020
Donna Ambrose January 21, 2020
Luxury Homes Selling Above Average and Median Prices, While Homes Under $500,000 Slip Just a Little.
I’ve been evaluating the Coachella Valley residential home market now for several years, and it is truly a very diverse and interesting market. Primarily, it is a retirement and vacation home market; thus, it is at the mercy of national and global economies more so than many other places.
Good news is that the U.S. stock markets are breaking records, providing middle- and higher-income families with the means to purchase their dream retirement and family vacation homes. Perhaps that is why prices at the higher end of the markets almost across the board in Greater Palm Springs are on the rise. Cities like Indian Wells, Rancho Mirage, and La Quinta are leading the pack, with increases from 6% to 11%. If the economy continues to do well, most likely there will be more homes sold and prices could continue to rise.
Don’t get left behind. If you are thinking of buying or selling your home, now is the time! Call me.
Indian Wells has an affluent population of about 5,440 that, with a median age of 67.8 years old, has the largest and oldest population in the Valley. That may account for the 28% increase in the number of homes on the market in 2019 compared to 2018.
Clearly, there are many people waiting in the wings to purchase these well-appointed and pedigreed homes. The sales figures for 2019 back that up. The number of homes for sale increased by 6% in 2019. What’s more, the home sold prices there increased by 11%, to an average of $1,367,321—by far the highest of any other major city in the Coachella Valley.
If you are looking for a home lived in previously by a Hollywood celebrity, entrepreneur, or U.S. president, then give me a call.
Not to be outdone, the City of La Quinta is taking home the honors of being first in total Home Sales Volume—$864,305,324, to be exact. Sounds like a nice round number to me.
La Quinta’s impressive sales volume may have something to do with what I call, and have written about, ‘The Celebrity Factor.’ La Quinta is located in the pocket of staggeringly beautiful mountain ranges and desert terrain, is only a half-hour from Palm Springs, and is nearby many of the Valley’s biggest and most well-attended international events: Coachella Fest, StageCoach, BNP Paribas Tennis Open, American Express PGA Desert Classic, and Eldorado and Empire Polo, to name just a few.
Average and median home prices are at the high end of the market, but there are communities like Trilogy at La Quinta, a 55+ gated, golf course neighborhood of 1,238 beautiful homes. Nestled close to the Coral and Santa Rosa mountains, the sheer beauty and amazing amenities make Trilogy La Quinta one of the best values in the entire Coachella Valley. With home prices ranging from $350,000 to $745,000, there is a home available for everyone. If you are not a Kardashian or Larry Ellison, you may want to check it out. If so, give me a call!
This home at 81578 Ulrich Drive is the perfect retreat, offering nothing but the best in custom, quality features and amenities. A custom, golden stone-stacked pool right out of the pages of Architectural Digest—complete with three cascading waterfalls and a spa—is the perfect way to relax after a day on the golf course or after winning your tennis tournament. This home offers all the bells and whistles needed to make your life in the California desert sun absolute perfection!
It’s About Your Real Estate Goals, Needs, and Priorities.
No two people or homes are the same. My services are customized to your specific situation and designed to bring you the highest dollar amount possible.
A Step Above.
I know the local market exceptionally well and, more importantly, know how best to market your home to reach the buyers who are most interested and qualified.
Superior Branding and Marketing Services.
Professional integrated marketing strategies, high-end materials, and quality photography establish a brand designed to appeal to and motivate your target audience.
Personal Attention and Loyalty.
My approach to business has always been the same: treat people with respect, listen, provide sound advice, and exceed clients’ expectations.
Stay up to date on the latest real estate trends.
Donna Ambrose has joined the fastest-growing real estate brokerage in Southern California.
The home is light and bright with ten-foot ceilings and large windows overlooking the private backyard.
Our great appreciation and thank you very much for all the extra efforts you gave to complete our sale.
The homeowners of Trilogy at La Quinta voted to purchase the golf course and restaurant.
This property offers resort-style living in a beautifully landscaped tropical setting.
Quality and pride of ownership are hallmarks of this beautifully-crafted desert resort home.
For choosy buyers, the City of La Quinta ticks all of the boxes on their desert home wish list.
This Monterey Model home is waiting for your personal touch to turn it into a 4-star retreat.
A true retreat, this bright open concept home features high ceilings and golf course.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.