Summer sales activity in the Palm Springs area remains strong, and reversing our trend of fewer homes sold that we've experienced over the last few months, we saw home sales rise (+0.9%) overall in July. That may be partly due to the increase in the number of homes available for sale as the inventory shortages have kept sales down over the last few months. The average selling prices for homes continued to rise this month, with home prices rising in virtually all cities across the valley.

In reviewing data for the last 3 months, it appears that our inventory shortages may be coming to an end. There were 2,771 homes available for sale in July of this year, virtually unchanged from the same period last year. The quarterly data shows the same trend ... a return to normal inventory levels for this time of year. August is typically the month with the fewest homes for sale, and we would expect to see more homes come on the market as we move into fall.

Trendvision’s® most recent year-over-year, July 2019 vs. July 2018 Report shows (+0.9%) more homes sold last month. The number of homes sold was up (+11.7%) in the $500,000 - $999,999 price bracket, down (-2.9%) in the under $500K price range, and up (-15.6%) for homes selling for over $1M.

Inventory began a return to normal this month, with the $500,000-$999,999 price range showing a (+4.0%) increase in available homes, the under $500K price range remaining essentially flat, and the and $1M+ price range experiencing a (-5.7%) dip in the number of homes available for sale.

Average selling prices continued to rise (+3.0%) for homes priced under $500K and homes priced $1M+ saw a (+4.0%) rise in average selling prices compared to the same month a year ago.  The $500,000-$999,999 price band saw a slight  (-1.5%) drop in average selling prices and those prices remain flat when looking at the last 3 months data.

Interest rates remain well below 4% for the last few months, and that is clearly helping the market. 30-year fixed-rate mortgages are at a competitive 3.73% and the FHA 30-year fixed rate is 3.42%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are still attractive, at 4.03%,  and adjustable Jumbo loans can be had for as low as 3.88%. 

Let’s look at the three key market indicators, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, for a good snapshot of the Palm Springs area real estate market and, its overall health.

• Average Home Sale Prices rose overall in the Palm Springs area by (+5.8%) over the same month last year, and when looking at the last quarter's data you see the same trend. Prices are clearly on the rise in the area.
• Number of Days on Market dropped (-6.7%) compared to July of last year, consisten with the trend for the last 3 months. The biggest change was in the $1M+ price range with a  (-10.4%) decrease, and the under $500,000 price range saw a (-9.5%) drop. Homes priced under $500,000 - $999,999 took longer to sell last month with Days on Market increasing by (+3.1%).
• The Number of Homes for Sale. There were 2,7771 homes for sale last July, virtually unchanged from July of last year and a (-11.1%) drop from last month.  Inventory should start it's typical seasonal rise starting next month, which should continue to push the number of homes sold higher. 

The trend we have seen all year long continues… good homes priced right are selling quicker and for more money that they did a year ago.

City Standouts! What’s Up and Who’s Down?

With home inventory returning to normal levels and a slight increase in home sales, we find the number of Homes Sold was up half of the cities for July 2019 vs. July 2018. Sales were up in Indian Wells (+42.1%), Indio (+19.1%), Palm Desert (+11.4%), Bermuda Dunes (+5.9%), and Palm Springs (+1.0%). The biggest percentage drop in sales was found in Coachella, down for the 2nd month in a row (-28.6%). 

If you'd like a detailed market report for a specific city, just click here: Send Me A City Report.

Average selling prices were up across the board, with all cities except for Bermuda Dunes showing price gains. The biggest percentage increases last month were in Desert Hot Springs (+18.1%), followed by Palm Desert (+12.2%), Coachella (+11.9%), and Rancho Mirage (+11.3%)

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City Watch - Cathedral City

Number of Homes for Sale = 136 - Up (-13.9%)

Number of Homes Sold = 79 - Down (-7.1%)

Average List Price = $367K - Up (+10.r%)

Average Sale Price = $309K - Up (+4.0%)

Average Sale Price Per Sq. Ft. = $189 - Up (+8.0%)

Average Days on Market = 64 - Down (-14.7%)

____________________________________________

The Number of Days on Market was down in five cites last month, with these cities showing an increase, Indian Wells (+50.0%), Bermuda Dunes (+36.1%), Coachella (+21.3%), Desert Hot Springs (+18.4%), and Rancho Mirage (+1.8%).

Our buyer activity remains strong, and many are having difficulty finding the right home. If you're considering putting your home on the market, let us help you get it SOLD! 

If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs. 

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The Hamilton Real Estate Group

Coldwell Banker's #1 small team in Riverside County!

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Dive-In Movies, Great Music, Craft Beers & More!

With more people spending their summers in the desert, each year brings a wider variety of summertime activities to the desert. This month there's a lot of great music, from name acts, including Mary J Blige, Boz Scaggs, Styx & UB40, a fantastic craft beer festival at the Ace Hotel, comedy from Howie Mandel, and much more. So check out the events and have a fantastic August in Palm Springs area. 

Modernism Week Fall Preview Tickets Go On Sale

Modernism Week is one of the desert's most popular events every year, bringing over 40,000 people from all around the world. But the 4-day fall preview event is a great way to take in our rich history of all things mid-century modern without the crowds that come with the main event. The fall preview event takes place October 17-20, and tickets go on sale August 1. 

Click HERE for information on the event and to purchase tickets.

Ace Hotel Craft Beer Weekend - Aug 3-4

If you love craft beers, you won’t want to miss the Ace Hotel’s 8th annual Craft Beer Weekend. Celebrating some of the best micro-brews in the U.S., you’ll find a selection of beers from over 30 small breweries, including Bissell Brothers, Tillamook, Russian River Brewing  and local favorites La Quinta Brewing Co., Babe’s Brewery, and Coachella Valley Brewing Co. One and two-day passes are available, and there are special hotel rates for attendees. 

Click HERE for more information.

Idyllwild Strong Benefit Festival - Aug 16-18

Help raise money for disaster relief for a town that has been severely impacted by the Cranston Fire in 2018 and major flooding earlier this year. Your attendance at this event will bring you the joy of hearing over 100 bands while knowing you are helping to rebuild this loved desert get-away for years to come. In addition to great music, you’ll find great food at local restaurants, and some great shops and galleries to visit as well.

Click HERE for show schedule and more information.

Dive-In Movies

As we reach the half-way point in summer, it's the perfect time to catch a film at, or in, your favorite pool! This month you'll find three dive-in movies available to watch pool-side, with The Goonies screening at the Arrive Hotel in Palm Springs, Spiderman at the Fritz Burns pool in La Quinta, and Lilo & Stitch at the Palm Desert Aquatic Center. Click on the movie names below to get more information on each screening.

• Lilo & Stitch - Palm Desert Aquatic Center on Aug 2
• Spiderman - Frits Burns Pool, La Quinta on Aug 16
• The Goonies - Arrive Palm Springs on Aug 30

Coachella Valley Repertory Theatre

CVRep presents four shows this month, starting with "Life, Love, and Hollywood", a musical memory about growing up in a famous Hollywood home. And don't miss the Palm Springs Gay Men's Chorus — now in its 20th season — as they celebrate diversity and inclusiveness, or the jazz stylings of the John Nelson Trio. 

• Life, Love, and Hollywood - Aug 3
• Nickerson Rossi Dance Company - Aug 4
• Palm Springs Gay Men’s Chorus - Aug 25
• John Nelson Trio - Aug 26

For more information and to purchase tickets click HERE.

Strong Buyer Activity Pushes Prices Upward!

Trendvision’s® most recent year-over-year, June 2019 vs. June 2018 Report shows (-5.2%) fewer homes sold last month. The number of homes sold was up(+16.0%) in the $500,000 - $999,999 price bracket, down (-9.6%) in the under $500K price range, and down (-7.7%) for homes selling for over $1M.

While inventory began a return to normal this month, the under $500,000-$999,999 and $1M+ price ranges experienced slight inventory decreases of (-2.6%) and (-4.0%) respectively. Inventory rose (+2.5%) in the under $500K price range over the same period last year.

Average selling prices rose across all price bands, led by a (+10.8%) increase for homes priced $1M+ and (+5.4%) for homes priced under $500K. The $500,000-$999,999 price band was essentially flat with a (+1.7%) increase in average selling price. 

For more information on specific cities, or to view the full market update, click here: Desert Market Update, or click here for information on a specific city: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs.

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Selected Best Concerts and Live Performances In August

Spotlight 29 Casino

• Pop 2000 Tour - Aug 3
  • Lance Bass hosts O-Town, Aaron Carter, Ryan Cabrera & Tyler Hilton
• UB40 - Aug 31

For more information and tickets click HERE.  

Fantasy Springs Casino

• Howie Mandel - Aug 3
• Mary J Blige - Aug 10
• Lance Burton - Aug 17
• Boz Scaggs - Aug 23

For more information and tickets click HERE.

Agua Caliente Casino

• Styx - Aug 2

For more information and tickets click HERE.

Morongo Casino

• Gypsy Kings - Aug 1
• Kenny “Babyface” Edmonds - Aug 8 
• Dane Cook - Aug 9
• Carly Pearce - Aug 19

For more information and tickets click HERE.

Summer sales activity in the Palm Springs area is the strongest many can remember in quite some time. Buyer activity is strong, and while our lower summer inventory is resulting in fewer sales, the average selling prices for homes rose again this month, with home prices rising in all cities except for Indian Wells.

Inventory was virtually the same as it was this time last year, and with interest rates remaining well below 4%, there is nothing on the horizon that indicates any slowdown in our sales activity over the summer. 

Trendvision’s® most recent year-over-year, June 2019 vs. June 2018 Report shows (-5.2%) fewer homes sold last month. The number of homes sold was up(+16.0%) in the $500,000 - $999,999 price bracket, down (-9.6%) in the under $500K price range, and down (-7.7%) for homes selling for over $1M.

While inventory began a return to normal this month, the under $500,000-$999,999 and $1M+ price ranges experienced slight inventory decreases of (-2.6%) and (-4.0%) respectively. Inventory rose (+2.5%) in the under $500K price range over the same period last year.

Average selling prices rose across all price bands, led by a (+10.8%) increase for homes priced $1M+ and (+5.4%) for homes priced under $500K. The $500,000-$999,999 price band was essentially flat with a (+1.7%) increase in average selling price. 

Interest rates have stayed well below 4% for the last few months, and that is clearly helping the market. 30-year fixed rate mortgages are at a competitive 3.375% and the FHA 30-year fixed rate is 3.75%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates dropped to 3.875% and adjustable Jumbo loans can be had for as low as 3.5%. 

Let’s look at the three key market indicators, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, for a good snapshot of the Palm Springs area real estate market and, its overall health.

• Average Home Sale Prices rose overall in the Palm Springs area by (+5.8%) over the same month last year. The biggest gains once again were, once again, for homes priced $1M+ with a robust  (+10.8%) increase. 
• Number of Days on Market dropped (-3.4%) compared to June of last year, with the biggest change in the $1M+ price range with a  (-27.3%) decrease, and the under $500,000-$999,999 price range saw a (-10.5%) drop. Homes priced under $500K took longer to sell last month with Days on Market increasing (+5.1%).
• The Number of Homes for Sale. There were 3,121 homes for sale last June, virtually unchanged from June of last year (-0.2%).  If trends from past years hold true, we could expect to see inventory drop another 16% by August, after which seasonal listing activity typically begins its annual upward trend. 

The trend we have seen all year long continues… good homes priced right are selling quicker and for more money that they did a year ago.

City Standouts! What’s Up and Who’s Down?

With home sales down slightly across the Palm Springs area this month, we find the number of Homes Sold was down in all but 3 cities for June 2019 vs. June 2018. Sales were up in Palm Desert (+3.4%), La Quinta (+11.7%) & Desert Hot Springs (+20%), while the biggest percentage drop in sales was found in Coachella down (-50.0%), followed by Indian Wells down (-24.3%) and Bermuda Dunes down (-23.1). 

Average selling prices were up across the board, with all cities except for Indian Wells showing price gains. The biggest percentage increases were in La Quinta (+20.1%), followed by Bermuda Dunes (+19.7%), and PalmSprings at (+13.5%). 

____________________________________________

City Watch - Indian Wells

Number of Homes for Sale = 189 - Up (+6.8%)

Number of Homes Sold = 84 - Down (-24.3%)

Average List Price = $1.736M - Up (+1.3%)

Average Sale Price = $1.292M - Up (+26.3%)

Average Sale Price Per Sq. Ft. = $377 - Up (+13.7%)

Average Days on Market = 118 - Down (-13.2%)

____________________________________________

The Number of Days on Market was down overall, with only four cities showing an increase, Desert Hot Springs (+21.9%), Indio (+6.2%), Palm Springs (+3.8%), and La Quinta (+2.1%).

With fewer homes available for sale, and buyer activity up, this could be the perfect time to get your home sold!

.

If you'd like a detailed market report for a specific city, just click here: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs. 

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Happy Fourth of July and Canada Day!

While you won't find any big signature events in the Palm Springs area this month, there is still plenty going on to keep both visitors and locals busy. We have fantastic 4th of July activities throughout the valley, some wonderful live theatre, many great musical acts, and the ever-popular dive-in movies … there’s something to please every taste!

Fourth of July Celebrations

Celebrate the 4th of July in style! The options seem endless … you can watch fireworks from the roof of the Kimpton Hotel, or poolside at the Palm Springs Parks & Rec pool party, or at the amazing O’Donnell house while benefitting local charities! Or my favorite … the Palm Desert fireworks synchronized to patriotic music! 

Fantasy Springs Resort Casino, 8:45PM

Kimpton Rowan Rooftop, 6-11PM

• Tickets Required, click HERE for tickets

Palm Springs Power baseball stadium, Gates open at 8PM

• Click HERE for more information

The O’Donnell House, 7:30-10:30PM

• Fundraiser for AAP-Food Samaritans
• Click HERE for tickets

Pool Party & Fireworks, Palm Springs Parks & Recreation, 2-10PM

• Click HERE for more information

City of Palm Desert, 7:30-9:30PM

• Food trucks, music & fireworks
• Click HERE for more information

Taste of Summer Rancho Mirage, July 12 - Aug 18

It’s time for the 4th annual Taste of Summer in Rancho Mirage. Purchase a wristband for $10 and you’re eligible for great $4 deals, including appetizers, drinks and desserts, at 30 local restaurants. And proceeds benefit several local charities. So do some good and get some great dining deals in Rancho Mirage!

For more information and to purchase a wristband click HERE.

Dive-In Movies 

This month features 3 different movies that you can watch poolside, or on your favorite floatie, in the Palm Springs Area. The Palm Desert Aquatic Center is screening Bumblebee - the lastest in film in the Transformers franchise - on July 19. You’ll be able to catch Aquaman at the Fritz Burns pool in La Quinta, also in July 19, and the Arrive Hotel in Palm Springs will be screening Mel Brooks’s sci-fi comedy Spaceballs on July 26. 

For more information on these dive-in movies click on the name of the movie:

Bumblebee - July 19

Aquaman - July 19

Spaceballs - July 26

Live Theatre

Palm Canyon Theatre presents Spring Awakening, July 5-14

This Broadway musical set in 19th century Germany, that tells the story of two teenagers in a coming to terms with their sexuality, won 8 Tony awards during it’s original run. 

For more information and to purchase tickets click HERE.

Palm Springs Art Museum presents Friends: The Musical Parody, July 12-14

The national touring company of Friends: The Musical Parody brings some of the classic TV show’s moments to the stage in a musical extravaganza that will bring back memories and is guaranteed to make you laugh!

For more information and to purchase tickets click HERE.

Homes Are Selling Faster, Prices Are Trending Up!

Trendvision’s® most recent year-over-year, May 2019 vs. May 2018 Report shows (-5.0%) fewer homes sold last month while inventory increased slightly thought the Palm Springs area. The number of homes sold was up (+1.5%) in the under $500,000 - $999,999 price bracket, down (-5.8%) in the under $500K price range, and down (-14.5%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500,000-$999,999 price ranges, with inventory increases of (+3.0%) and (+1.1%) respectively. Inventory dropped (-7.7%) in the $1M+ price range over the same period last year.

Average selling prices rose (+22.4%) for homes priced $1M+ and (+4.1%) for homes priced under $500K, while remaining essentially flat in the other price band. 

For more information on specific cities, or to view the full market update, click here: Desert Market Update, or click here for information on a specific city: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs.

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Selected Best Concerts and Live Performances In July

Agua Caliente Casino

• Harout Balyan July 6
• Freestyle Jam, July 26
• with Stevie B, Trinere, Debbie Deb, Connie & Nu Shooz

For more information and tickets click HERE.  

Fantasy Springs Casino

• Jethro Tull, July 5
• Don McLean, July 13
• Golden Boy Boxing, July 18
• Gerardo Ortiz, July 27

For more information and tickets click HERE.

Spotlight 29 Casino

• 70’s Soul Jam, July 27
• with Melvin's Blue Notes, Jimmie “JJ” Walker, The Stylistics

For more information and tickets click HERE.

Morongo Casino

• Lee Greenwood, July 6
• Los Lonely Boys, July 12

For more information and tickets click HERE.

The Cave at Big Bear

• Jefferson Starship, July 19
• Pauly Shore, July 20
• Hinder, July 26
• Ted Nugent, July 27

For more information and tickets click HERE.

We continue to see strong home sales activity in the Palm Springs area, with home prices continuing their upward trend while homes are selling faster than they were at this time last year. Inventory was up over last year — just barely — for the first time in many months, and with interest rates dropping below 4%, we anticipate a strong selling season throughout the summer

Trendvision’s® most recent year-over-year, May 2019 vs. May 2018 Report shows (-5.0%) fewer homes sold last month while inventory increased slightly thought the Palm Springs area. The number of homes sold was up (+1.5%) in the under $500,000 - $999,999 price bracket, down (-5.8%) in the under $500K price range, and down (-14.5%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500,000-$999,999 price ranges, with inventory increases of (+3.0%) and (+1.1%) respectively. Inventory dropped (-7.7%) in the $1M+ price range over the same period last year.

Average selling prices rose (+22.4%) for homes priced $1M+ and (+4.1%) for homes priced under $500K, while remaining essentially flat in the other price band. 

Interest rates are still very attractive and have dropped back below 4%, which is helping the market. 30-year fixed rate mortgages stayed constant at 3.99% and the FHA 30-year fixed rate is 3.875%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.00% and adjustable Jumbo loans can be had for as low as 3.375%. 

Let’s look at the three key market indicators, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, for a good snapshot of the Palm Springs area real estate market and, its overall health.

• Average Home Sale Prices rose overall in the Palm Springs area by (+5.8%) over the same month last year. The biggest gains once again were for homes priced $1M+ with a robust  (+22.4%) increase. 
• Number of Days on Market dropped (-4.4%) compared to May of last year, with the biggest change in the $500,000-$999,999 price range with a  (-9.0%) decrease, and the under $500,000 price range saw a (-4.7%) drop. Homes priced $1M+ took longer to sell last month with Days on Market increasing (+7.3%).
• The Number of Homes for Sale. The number of homes for sale showed a slight uptick last month to 3,024, a small (+0.6%) increase over the same month last year. We are entering our typical seasonal decline in listings, but so far the decline is less severe than it was last year at this time. 

The trend we have seen all year long continues… it’s a seller’s market in most areas, and homes that are priced right are selling quickly at or above asking.

City Standouts! What’s Up and Who’s Down?

Once gain we saw a drop in the Number of Homes Sold in May 2019 vs. May 2018, with home sales down (-5.0%) across the Palm Springs area. The biggest percentage drop in sales were found in Bermuda Dunes down (-35.0%), Indian Wells down (-34.9%) and La Quinta down (-25.4%). Three cities saw an increase in sales; Cathedral City sales rose (+11.8%), Palm Desert sales increased (+9.1%), and home sales in Indio were up (+0.8%).

Last month average selling prices rose in all but two cities, with the biggest increases in Indian Wells (+46.6%) and La Quinta (+19.1%). Selling prices were down in Bermuda Dunes, with a (-8.2%) drop in sale prices and Rancho Mirage saw a (-2.0%) drop in sale prices. 

_____________________________________________________________

City Watch - La Quinta

Number of Homes for Sale = 671 - Down (-5.6%)

Number of Homes Sold = 135 - Down (-25.4%)

Average List Price = $1.05M - Down (-13.8%)

Average Sale Price = $792,000 - Up (+19.1%)

Average Sale Price Per Sq. Ft. = $263 - Up (+12.9%)

Average Days on Market = 107 - Down (-0.9%)

_____________________________________________________________

The Number of Days on Market was down in four cities, with Coachella experiencing the largest drop of (-52.6%). 

Current trends have us in a seller’s market in most areas, with homes selling quickly and desirable homes priced right receiving multiple offers.

If you'd like a detailed market report for a specific city, just click here: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs. 

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

June Brings Food, Film, Flowers and More!

As things start to quiet down for summer in the Palm Springs area, there are still a variety of activities to keep the locals and summer visitors busy. It’s a great time to check out local venues that keep the music going all summer long, and relief from the hot summer heat is available at nearby Idyllwild, Big Bear Lake, and Pappy & Harriet’s.

Restaurant Week, May 31 - June 9

It’s that time of year again … and another excuse to hit the local restaurants … it’s time for Palm Spring Restaurant Week. With more than 100 restaurants offering specially priced meals — many offering 2-course lunch menus as well as 3-course dinner menus — it’s the perfect opportunity to stop outside your normal routine and try a new restaurant or two.  Lunch menus are priced at $15, $20 & $25 while dinner menus are priced at $29, $39 & $49. 

Click HERE to view menus and make reservations.

Palm Springs ShortFest 2019, June 18-24

June continues our tradition brining the best film festivals to the area … the Palm Springs International ShortFest celebrates it’s 25th anniversary as it brings 100 of the world’s most acclaimed short films to the desert. Selected from over 5,000 submissions, the 100 short films presented represent the best of the best. You’ll enjoy a variety of films, parties at the Sagurao, Ace Hotel, Spa Casino, several forum panels, and a special awards brunch at the Riviera Hotel. 

Click HERE for film schedule & tickets.

Splash House - June 27 - 9

With temperatures rising, it’s the perfect time for a pool party! And what a pool party it is … Splash House is actually 3 pool parties in one! Enjoy some of the the hottest DJs — including Robbie Rivera & Amand Van Helden — poolside at The Renassiance, The Riviera and the Saguaro hotels ,along with the after hours open-air dance parties at the Palm Springs Air Museum. 

Click HERE for hotel and ticket information.

Idyllwild Songwriters Festival - June 13-16

If you want to escape the heat and enjoy some chill music, you won’t want to miss the Idyllwild Songwriter’s Festival! Founded by Grammy-nominated songwriter Brett Perkings — he’s worked with artists from Natalie Imbruglia to Johnny Cash —   the festival showcases talented songwriters performing their original works all weekend long … and best of all … it’s FREE!

Click HERE for show schedule and more information.

Lavender Festival, Through June 30

Take a short 40-minute drive from Palm Springs to the Highland Springs Ranch & Inn in Cherry Valley and enjoy the lavender harvest Thursdays-Sundays all month long. You’ll stroll through the winding lavender fields, enjoy guided tours, taste lavender-inspired dishes, and relax to the live music. And don’t forget to take a bit of lavender home from the organic marketplace!

Click HERE for more information and tickets.

Dive-In Movies

As temperatures rise, what better place to watch a movie that right in the swimming pool? The Palm Desert Aquatic Center features a new movie each month, and this month you can watch Spiderman: Into The Spiderverse poolside on June 13th. The movie starts at sunset and tickets are only $4.

Click HERE for more information.

 Our Hot Market Continues … Homes are Selling Fast!

Trendvision’s® most recent year-over-year, April 2019 vs. April 2018 Report shows (-7.5%) fewer homes sold last month and inventory remains low thought the Palm Springs area. The number of homes sold was down (-10.0%) in the under $500K price bracket, down (-6.1%)in the $500-$999,999 price range, and up (+11.0%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500-$999,999 price ranges, with inventory increases of (+1.3%) and (+2.3%) respectively. Inventory dropped (-4.1%) in the $1M+ price range over the same period last year. 

Average selling prices rose (+9.0%) for homes priced $1M+ while remaining essentially flat in the other price bands.  

For more information on specific cities, or to view the full market update, click here: Desert Market Update, or click here for information on a specific city: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs.

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Selected Best Concerts and Live Performances In June

The Purple Room

Summer is the perfect time to check out local venues and support our local artists. The Purple Room offers free music Tuesday - Thursday, and The Judy Show is a “don’t miss” if you haven’t seen it.  

• Rose Mallett, every Tuesday
• Michale Holmes & Keisha D’, every Wednesday
• Sharon Sills, every Thursday
• The Judy Show, every Sunday

For a complete schedule of events & tickets for The Judy Show click HERE.

Pappy & Harriets

A short drive from Palm Springs, and built as a frontier town for filming movies in the 1940’s - 1950’s, Pappy & Harriets is now a thriving music venue that has seen shows by Leon Russell, Robert Plan, and Paul McCartney, as well as a variety of local and regional artists. It’s a perfect summer getaway as high desert temperatures tend to be a bit cooler than in Palm Springs. 

• Jim Lauderdale, June 7
• Patty Griffin, June 9
• Sarah Petite Band, June15

For a full schedule of events and tickets click HERE

Spotlight 29

• AbbaFab: A Tribute to ABBA, June 14
• Summer Rap Jam w/Warren G, Ying Yang Twins & Petey Pablo, June 29

For more information and tickets click HERE.

Agua Caliente Casino

• Steve Agueri (Former Journey lead singer), June 22

For more information and tickets click HERE.

The Palm Springs area real estate market remains strong as we head into the summer selling season. While inventory is still slightly below this time last year, buyer activity is still strong and homes are selling quicker than they did this time a year ago. While fewer homes are selling due to fewer homes available for sale, homes are selling quicker and for more money, making it a seller’s market for well-priced homes.

Trendvision’s® most recent year-over-year, April 2019 vs. April 2018 Report shows (-7.5%) fewer homes sold last month and inventory remains low thought the Palm Springs area. The number of homes sold was down (-10.0%) in the under $500K price bracket, down (-6.1%)in the $500-$999,999 price range, and up (+11.0%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500-$999,999 price ranges, with inventory increases of (+1.3%) and (+2.3%) respectively. Inventory dropped (-4.1%) in the $1M+ price range over the same period last year.

Average selling prices rose (+9.0%) for homes priced $1M+ while remaining essentially flat in the other price bands. 

Interest rates are still very attractive and remain well below 5%, which is helping the market. 30-year fixed rate mortgages stayed constant at 4.375% and the FHA 30-year fixed rate is 4.250%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.25% and adjustable Jumbo loans can be had for as low as 3.625%. 

Let’s look at the three key market indicators, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, for a good snapshot of the Palm Springs area real estate market and, its overall health.

• Average Home Sale Prices rose overall in the Palm Springs area by (+8.1%) over the same month last year. The biggest gains were for homes priced $1M+ with a robust  (+9.0%) increase. 
• Number of Days on Market dropped (-5.8%) compared to April of last year, with the biggest change in the $500,000-$999,999 price range where Days on Market dropped (-16.0%) over last year. Homes in the other price bands were selling quicker as well, with Days on Market down (-3.7%) for homes priced $1M+ and down (-2.5%) for homes priced under $500,000.
• The Number of Homes for Sale. The number of homes for sale showed a slight uptick last month to 3,673, a (+0.6%) increase over the same month last year. We are entering our typical seasonal decline in listings, but so far the decline is less severe than it was last year at this time. 

The trend through the first part of this year continues… it’s a seller’s market in most areas, and homes that are priced right are selling within 2-3 months, with many receiving multiple offers.

City Standouts! What’s Up and Who’s Down?

Continuing our trend over the last six months, the Number of Homes Sold in April 2019 vs. April 2018 was down (-7.5%) across the Palm Springs area. The biggest percentage drop in sales was found in Coachella down (-15.8%), Desert Hot Springs down (-13.6%) and Palm Desert down (-12.8%). Only two cities saw an increase in sales; Bermuda Dunes and Cathedral City had sales increases of (+5.9%) and (+3.9%) respectively.

Last month about 1/2 of the cities experienced a rise in average selling prices, with the biggest increases in La Quinta (+37.6%) and Indian Wells (+36.2%). The biggest drop in sale prices took place in Coachella, with a  (-14.3%) drop in Sales. Palm Springs,, Rancho Mirage and Indio experienced price drops in the single digits, while sales prices in Cathedral City remained essentially flat.   

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City Watch - Rancho Mirage

Number of Homes for Sale = 469 - Down (+9.1%)

Number of Homes Sold = 103 - Down (-7.2%)

Average List Price = $1.17M - Down (-3.8%)

Average Sale Price = $706,000 - Down (-5.5%)

Average Sale Price Per Sq. Ft. = $263 - Up (+2.3%)

Average Days on Market = 94 - Down (-3.1%)

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The Number of Days on Market was down in all cities, with the exception of Desert Hot Springs, up (+14.1%) and La Quinta up (+10.3%). 

Current trends have us in a seller’s market in most areas, with homes selling quickly and desirable homes priced right receiving multiple offers.

If you'd like a detailed market report for a specific city, just click here: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs. 

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

May Brings More Music, Movies, Comedy and UFOs!

As our winter visitors start to return home for summer, the desert stays active with another music festival, another film festival, great live theater, and an entire weekend dedicated to UFOs, aliens and extraterresitals! So don’t miss out on another great month of actives in the Palm Springs area!

Palm Springs Photo Festival, May 5-10

If you have a passion for great photography, here is your chance to learn from the best! The Palm Springs Photo Festival offers professional, emerging, and serious advanced amateur photographers the opportunity to study with legendary photographers. You can check out the latest gear, participate in cutting-edge seminars, enjoy a variety of networking events, and get hands-on in one of 20 classes in the Workshop Program.

Click HERE for more information and tickets.

Joshua Tree Music Festival, May 16-19

Coachella is over, and Stagecoach memories are fading, but you have one last chance to enjoy some great music outdoors before the summer heat hits. The Joshua Tree Music Festival brings internationally acclaimed musicians to this 3-day family-friendly funky global music festival. You’ll enjoy great music, art installations, yoga classes, and events just for the kids.   

Click HERE for more information and tickets.

Arthur Lyons’ Film Noir Festival - May 9-12

You won’t want to miss the 20th Anniversary Edition of the Arthur Lyons’ Film Noir Festival! Featuring an electing mix of prestigious and more obscure black and white “B” film noir movies, the event showcases rarely seen films, restored classics, and special appearances by many stars of the films. Join in the anniversary celebration with champagne & cake on opening night at 6:30pm and enjoy a special Mother’s Day screening of Mildred Pierce starring Joan Crawford.

Click HERE for a full list of films and ticket information.

Comedy Madness Show w/Mike Quu May 23-24

Life got you down? Then try some of the best medicine … laughter! Improv comedian Mike Quu hosts two nights of comedy at Hotel ZOSO in Palm springs. You’ll enjoy comedians that have been featured on  America’s Got Talented, Comedy Central, MTV, Showtime and more. The show is only $20, and full dinner is available as well. 

Click HERE for more information and tickets.

Memorial Day Flower Drop & Air Fair, May 27

This year’s annual flower drop at the Palm Springs Air Museum — one of their most popular events — celebrates the 75th anniversary of the Doolittle Tokyo Raid.  The flower drop ceremony, a dedication to all fallen war heroes, includes over 3,000 red and white carnations air-dropped form a B-25 Mitchell Bomber.  Activities start at 10 a.m. and include food vendors, plane rides, and a beer garden. 

Click HERE for more information and tickets.

Contact In The Desert, May 31 - June 3

If you’re intrigued by UFO’s, extraterrestrial life, crop circles, ancient aliens, and alien abductions, Contact in the Desert — the world’s largest UFO conference — is the event for you! This weekend-long adventure at the Renaissance Indian Wells features a variety of speakers, workshops and a night vision skywatch experience and you’ll get close-up with former FBI, NASA, military and government officials as well as astronomers, archeologist, and cosmologists. 

Click HERE for more information.

Live Theatre

May continues to be a good month for live theater, so don’t miss the two new productions opening this month. Big River: The Adventures of Huckleberry Finn opens May 10 at the Palm Canyon Theater and brings the stories in this timeless classic to life. The recently open CV Repertory theater in Cathedral City brings Good People to the stage starting May 1, where you’ll find out if Margie, who is one Bingo game away from homelessness, can get a fresh start with an old flame.

• Big River, May 10-19     For more information and tickets click HERE.
• Steve Martin’s Meteor Shower, May 31-June 2   For more information and tickets click HERE.

A Sizzling Summer Selling Season is on the Horizon!

There is a clear trend in our local real estate market over the last five months… and its good news for sellers while providing some challenges for our buyers.

Trendvision’s® most recent year-over-year, March 2019 vs. March 2018 Report shows (-6.7%) fewer homes sold last month and inventory remains low throughout the Palm Springs area. The number of homes sold was down (-10.8%) in the under $500K price bracket, essentially flat in the $500-$999,999 price range, and up a healthy (+15.7%) for homes selling for over $1M. 

Inventory constraints eased slightly in the $500-$999,999 price range with a slight (+2.0%) increase in homes available for sale. Inventory for the under $500K price range was nearly unchanged, and there were (-5.7%) fewer homes available for sale priced $1M+.

Average selling prices rose (+9.0%) for homes priced under $500K, and sale prices rose (+9.6%) for homes priced $1M+. Selling prices remained flat for homes in the $500-$999,999 price range. 

For more information on specific cities, or to view the full market update, click here: Desert Market Update, or click here for information on a specific city: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs.

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Selected Best Concerts and Live Performances In May

Fantasy Springs

• America, May 11
• Golden Boy Boxing, May 16
• The Hollywood Vampires, May 18
• Maxwell, May 24
• Joan Jett, May 26
• George Lopez, May 31

For more information and tickets click HERE.

Morongo 

• Neil Sedaka, May 24

For more information and tickets click HERE.

Agua Caliente Casino

• Cirocovia, May 10-11
• Willie Nelson, May 18
• Rodney Carrington, May 31

For more information and tickets click HERE.

There is a clear trend in our local real estate market over the last five months… and its good news for sellers while providing some challenges for our buyers.

Trendvision’s® most recent year-over-year, March 2019 vs. March 2018 Report shows (-6.7%) fewer homes sold last month and inventory remains low throughout the Palm Springs area. The number of homes sold was down (-10.8%) in the under $500K price bracket, essentially flat in the $500-$999,999 price range, and up a healthy (+15.7%) for homes selling for over $1M.

Inventory constraints eased slightly in the $500-$999,999 price range with a slight (+2.0%) increase in homes available for sale. Inventory for the under $500K price range was nearly unchanged, and there were (-5.7%) fewer homes available for sale priced $1M+.

Average selling prices rose (+9.0%) for homes priced under $500K, and sale prices rose (+9.6%) for homes priced $1M+. Selling prices remained flat for homes in the $500-$999,999 price range. 

Interest rates are still very attractive and remain well below 5%, which is helping the market. You can get a 30-year fixed rate mortgage at 4.375% and the FHA 30-year fixed rate is 4.125%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.25% and adjustable Jumbo loans can be had for as low as 3.75%. 

Let’s look at the three key market indicators, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, for a good snapshot of the Palm Springs area real estate market and, its overall health.

• Average Home Sold Prices rose overall in the Palm Springs area by (+13.2%) over the same month last year. The biggest gains were for homes priced under $500K (+9.0%) and homes priced $1M+ selling for (+9.7%) more. 
• Number of Days on Market dropped (-2.3%) compared to March of last year, with the biggest change in the $1M+ price range where Days on Market dropped (-8.1%) over last year. Homes in the other price bands were selling quicker than a year ago as well, with Days on Market down (-6.2%) for homes priced $500,000-$999,999 and down (-2.5%) for homes priced under $500,000.
• The Number of Homes for Sale. The number of homes for sale peaked in February at 3,850, with a slight decline last month to 3,742. Well keep an eye on this number next month, as we may have started our typical seasonal decline in available inventory.  Inventory last month was down down slightly (-0.8%) over March of last year.

I’ve stated this for the last 5 months, and it’s still true today … current trends have us in a seller’s market in most areas, with homes selling quickly and desirable homes priced right receiving multiple offers.

City Standouts! What’s Up and Who’s Down?

Continuing our trend over the last five months, the Number of Homes Sold in March 2019 vs. March 2018 was down across the Palm Springs area. The biggest percentage drop in sales were found in Bermuda Dunes down (-52.2%), Cathedral City down (-21.3%) and La Quinta down (-19.1%). Sales remained essential flat in Coachella while Indian Wells and Indio saw sales increased (+11.8%) and (+7.8%) respectively. 

Most cities experienced a rise in average selling prices, with the exceptions being Rancho Mirage, down (-17.4%), La Quinta, down (-10.7%), and Coachella, down (-6.7%).  

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City Watch - Palm Desert

Number of Homes for Sale = 779 - Down (+3.2%)

Number of Homes Sold = 213 - Down (-8.2%)

Average List Price = $601,000 - Down (-4.0%)

Average Sale Price = $460,000 - Up (+17.3%)

Average Sale Price Per Sq. Ft. = $240 - Up (+13.2%)

Average Days on Market = 82 - Down (-4.7%)

_____________________________________________________________

The Number of Days on Market was down in all cities, with the exception of Indio, up (+20.3%) and Coachella up (+100%). 

Current trends have us in a seller’s market in most areas, with homes selling quickly and desirable homes priced right receiving multiple offers.

If you'd like a detailed market report for a specific city, just click here: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs. 

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

April is a month full of music in the greater Palm Springs area! You’ll enjoy a variety of music this month ... the jazz & blues featured in the Garden Jam Music Festival in Indian Wells, Palm Springs’ annual Opera in the Park, and of course the two major events ... Coachella and Stagecoach. So whatever your musical tastes - from rock to opera, there is something for everyone this month!

Garden Jam Music Festival, April 5-6

With the BNP Paribas tennis tournament over for another year, music takes over the Indian Wells Tennis Garden. Featuring some amazing blues and jazz, the tickets are affordable and the venue is perfect. This year’s event features Jimmie Vaughan, Los Lobos, Buddy Guy, and Bradley Cooper’s backing band from A Star Is Born ... Lukas Nelson & Promise of the Real. And the Lifestyle Village will offer gourmet food, cocktails and wine, and fine & shopping.

Click HERE for more information and tickets.

Opera In The Park, April 7

Opera in the Park is the premier cultural event in April in Palm Springs. This annual FREE concert of beloved opera arias will feature accomplished opera professionals and will be accompanied by a professional orchestra conducted by Valery Ryvkin. Bring a picnic lunch or make a reservation at the Café d’Opera, and enjoy a relaxing afternoon of opera at Sunrise Park.

Click HERE for more information and tickets.

Coachella Music Festival, April 12-14 & 19-21

The Coachella Music Festival turns 20 this year. Named the best outdoor music festival in North America twelve times by Pollstar, this year’s festival features headliners Tame Impala, Ariana Grande and Childish Gambino, as well as several unique art installations across the festival grounds. Tickets are sold out, but you can still get on the waitlist for both weekends.   

Click HERE for more information.

Stagecoach Music Festival, April 26-28

Country music fans flock to the Polo Grounds this month to see live sets by Luke Bryan, Sam Hunt and Jason Aldean. With a variety of restaurants to choose from, including Guy Fieri’s Stagecoach Smokehouse, and on-site amping available, it’s sure to be a wild weekend of country music.

Click HERE for more information and tickets.

AmDocs Film Festival - March 29 - April 4

The 8th annual American Documentary Film Festival (AmDocs) comes to Palm Springs and showcases films that tell real stories behind the real issues. Named one of the world's five coolest Documentary Film Festivals by MovieMaker magazine, AMDOCS has a fast-growing reputation for featuring a superb program of films that engage, inspire and entertain its audience. This year’s festival will screen over 150 films across three venues: the Palm Springs Cultural Center (Camelot Theatres), the Helene Galen Theatre in Rancho Mirage, and the Indian Wells Theater and Oliphant Auditorium.

Click HERE for a full list of films and ticket information.

ANA Inspiration, April 1-7

Here’s your chance to watch the best women golfers in the world at the first major golf tournament of the year … the ANA Inspiration held at Mission Hills Country Club. This year is the 48th year for the tournament to be hosted at Mission Hills … the first tournament was held in 1972 and hosted by Dinah Shore. So come out and watch the play, stop by the autograph tent to meet your favorite players, and relax at the ANA Experience exhibit. Players are competing for a $2 million prize and that classic jump into Poppie’s Pond.

Click HERE for more information and tickets.

Palm Springs Fashion Week, April 11-13

Not to be outdone by Palm Desert, it’s time for Palm Springs to host their fashion week, with three days of fashion, music & beauty, and a special live music performance by Jaira Burns. This year’s event takes place at the Riviera Hotel and features a fabulous 100-foot runway built over the Chiki Pool at the hotel. The show tends to be a bit edgier than Fashion Week El Paseo, and features one of my favorite Project Runway designers, Candice Cuoco. 

Click HERE for more information and tickets.

Dive-In Movie Series, April 26

There’s nothing like watching a classic movie poolside on a warm desert evening! So head over to the Arrive Hotel on April 26 at 7pm to check out the Mel Brooks classic Blazing Saddles. And it’s totally FREE!

Click HERE for more information.

Palm Canyon Theatre

If you’re looking for live theater, don’t miss the two newest productions at the Palm Canyon Theater. Grand Hotel, inspired by Vicki Baum's period novel, tackles issues of life and death, financial ruin, love and murder, as people and come and go through the lobby of the Grand Hotel. And The Diary of Anne Frank is the true story of a young Jewish girl who kept a diary of her time hiding from the Nazis during World War II.

• Grand Hotel, Apr 5-14
• The Diary of Anne Frank, Apr 25-28

For more information and tickets click HERE.

Homes are Selling Faster … And Selling Prices Are Up!

For the fourth month in a row, the number of homes sold was down across all price bands and in all cities in the Palm Springs area, while inventory woes have eased a bit. There are still fewer homes on the market priced in the upper and lower price bands, but we saw a slight increase in inventory for homes priced between $500-$999,999 over the same month last year. 

It’s still a good market for our sellers, and good homes that are properly priced continue to sell quickly, with Days on Market down (-3.5%) to 82 days.

Trendvision’s® most recent year-over-year, February 2019 vs. February 2018 Report shows fewer homes sold in all price bands, with the biggest drop in the under $500,000 price band, a (-17.5%) drop in number of homes sold.  

Home sales in the $500,000-$999,999 price point dropped again this month, with (-10.6%) fewer homes selling, while the $1M+ price band saw sales fall off by (-8.2%).

Average selling prices rose for homes priced under $1M, while sale prices dropped (-7.1%) for homes priced $1M.

For more information on specific cities go to Desert Market Update, or click here for information on a specific city: Send Me A City Report.

Give us a call at (760) 625-7229, or visit www.thehamiltonregroup.com, for an easy-to-use home search, and for information on how we can help you with all your important real estate needs.

The Hamilton Real Estate Group is evolving to meet all of our customer’s real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?

Selected Best Concerts and Live Performances In April

McCallum Theatre

• Tony Danza Apr 4
• Something Rotten! Apr 5-7
• Steven Curtis Chapman Apr 10
• Chris Botti Apr 12-13
• One Night Only Apr 24

For more information and tickets click HERE.

Fantasy Springs

• Ashanti & Ja Rule Apr 6

For more information and tickets click HERE.

Morongo 

• Cedric the Entertainer Apr 12
• Rodney Atkins Apr 26

For more information and tickets click HERE.

Agua Caliente Casino

• Michael Carbonaro Apr 5
• Daniel Tosh Apr 26

For more information and tickets click HERE.