Experience the magic of the holiday season in the Coachella Valley.  From the dazzling lights at the Indio International Tamale Festival to the stylish Men Of The Desert Fashion Show, and the exhilarating Ironman Indian Wells-La Quinta race, the valley is bustling with celebrations for everyone. Discover unique ways to enjoy the holidays, whether it's through participating in the Palm Springs Santa Paws 5K, enjoying a hockey game, or being mesmerized by the WildLights at The Living Desert.

THINGS TO DO

Indio International Tamale Festival: Dec 2 & 3

Celebrate the rich cultural heritage of tamales at the Indio International Tamale Festival at Miles Avenue Park in Indio. This festival has been a vibrant showcase for various tamale styles, flavors, and cooking techniques, attracting visitors from far and wide. Festival-goers can indulge in various tamale varieties and enjoy live music and entertainment, making it a perfect event for families and food enthusiasts.

For more information, click HERE.

Men Of The Desert Fashion Show: Dec 3

The Men Of The Desert Fashion Show at the Palm Springs Air Museum is a glamorous event that combines high fashion with charitable causes. This event features a unique fashion show spotlighting men's fashion, with proceeds typically supporting local charities. It's a stylish and meaningful way to spend your day in Palm Springs, showcasing the latest trends in men's fashion while contributing to a good cause.

For more information and to purchase tickets, click HERE.

The latest statistics on our local real estate market reveal stability in the number of homes for sale, a decline in home sales, and a drop in average selling prices, indicating a subtle shift towards a buyer-friendly market. Buyers have slightly more options and negotiating power, while sellers are advised to price strategically in a competitive environment. Let’s take a look at the latest numbers.

Year-over-Year Comparison: October 2022 vs. October 2023

Homes for Sale: There was virtually no change in the number of homes for sale, with a negligible 0.1% decrease from October 2022 to October 2023 (1,910 to 1,909 homes). This stability in inventory suggests a balanced market, neither veering towards a buyer's nor a seller's market in terms of available choices.

Homes Sold: Sales volume saw a more noticeable change, with a 5.2% decrease in homes sold year-over-year (from 446 to 423). This decline could indicate a slight cooling in market activity, primarily due to continued high interest rates and lower-than-normal inventory.

The Coachella Valley is a vibrant and diverse area with many activities and events for visitors and residents alike. Just take a look at all of the activities planned for November! Something exciting is always happening in our desert oasis, from food and wine festivals to craft beer tastings, classic car auctions, and a pride parade. Whether you're a food and wine connoisseur, a craft beer enthusiast, or a classic car lover, you will surely find something interesting to do.

THINGS TO DO

Palm Springs Food & Wine Festival - Nov 11-12

This international event offers a unique and unforgettable wine & food experience. The festival showcases the hip, cool, and cutting-edge of the food and wine scene, with a focus on local and sustainable offerings. In addition to wine, the event features a variety of food options, including gourmet bites from top local chefs, food trucks, and pop-up restaurants. The festival also offers cooking demonstrations, wine seminars, and live music, making it a must-attend event for food and wine enthusiasts.

For more information, click HERE.

Our latest real estate analysis shows a market marked by contradictions: fewer homes listed and sold, higher average selling prices, and longer waits for sellers. This dynamic suggests a cautious seller environment and a potential buyer's hesitancy, influenced by rising prices and broader economic factors, even as some cities buck these trends with significant local fluctuations. Let’s dig into the latest Coachella Valley real estate market numbers.

Year-over-Year Comparison: September 2022 vs. September 2023

Homes for Sale: An 8.8% month-over-month surge in listings (from 1,456 to 1,584) reversed the narrative of a constricted inventory, hinting at a potential easing of the supply-demand tension as more homeowners decide to sell

Homes Sold: A more pronounced year-over-year decline is noted in sales, which fell 13.8%, from 513 homes in September 2022 to 442 in the same month of 2023. This downturn could be attributed to various factors, including affordability challenges spurred by escalating prices or potential buyers adopting a 'wait-and-see' approach in anticipation of more favorable conditions.

Heading to the Palm Springs area this October? The month is jam-packed with events for every taste — rock out at Power Trip, explore design at Modernism Week October, or enjoy family-friendly festivities like the Joshua Tree Music Festival. There's something for everyone, from music and art to comedy and culture. Whether you're a local or a visitor, mark your calendar and get ready for an array of events that promise an unforgettable experience under the desert sky.

THINGS TO DO

Power Trip - Oct 6-8

Power Trip is a three-day metal music festival that will be held at the Empire Polo Club in Indio. The festival is produced by Goldenvoice, the company behind Coachella, and will feature six iconic bands that define loud and powerful music: Guns N' Roses, Iron Maiden, AC/DC, Judas Priest, Metallica, and Tool. The vibe resembles the classic-rock-themed Desert Trip fest from 2016. The festival offers a single wristband granting access to the show for all three days.

For more information, click HERE.

Understanding market trends in the ever-changing real estate landscape is critical for making informed decisions— whether buying, selling, or investing. Our analysis of the Coachella Valley real estate market for August 2023 reveals shifting dynamics. These statistics offer nuanced insights from a year-over-year decrease in the number of homes sold and average selling prices to an uptick in the average days on the market. Even within the month-to-month frame, intriguing fluctuations point to an evolving marketplace.

Year-over-Year Comparison: August 2022 vs. August 2023

Homes for Sale: The available homes for sale experienced a slight decrease. While there were 1,502 homes for sale in August 2022, this number decreased to 1,456 in August 2023, marking a 3.1% decline. Although not a dramatic shift, this slight contraction suggests a tightening inventory.

Homes Sold: In terms of homes sold, August 2023 saw 526 transactions compared to 586 in August 2022. This decline of 10.2% year-over-year is noteworthy and could indicate several market forces at play, from buyer fatigue to economic variables.

How do you make the most of September in the Coachella Valley? Well, you're in luck! A lot is going on this summer, whether you're into smooth jazz tunes, LGBTQ+ cinema, or just looking for a good laugh on a Friday night. Get a taste of local culture, enjoy top-notch food and drinks, or dive into the art scene. And yes, if you're thinking about real estate, we've got some info on that, too. Keep reading to plan a month as exciting or laid-back as you'd like.

THINGS TO DO

Desert Jazz Festival - Sep 28 - Oct 1

The Desert Jazz Festival 2023 will feature a lineup of renowned jazz musicians. The headliner is Marcus Miller, a Grammy award-winning bassist, composer, and producer. Other artists performing at the festival include the Yellowjackets, a jazz fusion band, and the Christian McBride Big Band, led by the acclaimed bassist Christian McBride. In addition to the music, attendees can enjoy luxury accommodations and spa services at The Westin Rancho Mirage Golf Resort & Spa, where the festival will take place. 

For more information, click HERE.

Cinema Diverse - Sep 21-24 & 28-Oct 1

Cinema Diverse is a film festival that celebrates the diversity of the LGBTQ+ community through film. The festival will feature 49 feature films and over 100 short films, screened in all three of the Camelot theaters. Tickets and passes are now on sale, and the festival schedule is available for download on the festival's website.

For more information and to purchase tickets, click HERE.

The Coachella Valley's real estate market still favors sellers, primarily due to a continued lack of inventory. Although we've seen a slowdown in sales compared to the past year and a consecutive dip over the past two months, there's also a notable decrease in available inventory. From the peak of 2,021 homes for sale last November, the current numbers show an inventory drop of 25.5%. While homes are still selling quickly, setting the right selling price is the key, as the average sale price has declined slightly, averaging 95% of the initial asking price.

Year-over-Year Comparison: July 2022 vs. July 2023 

Homes for Sale: In July 2023, the number of homes available for sale stood at 1,507, which shows a modest 2% decrease from the 1,537 homes listed in July 2022. This indicates a slight tightening of inventory, which could increase buyer competition.

Homes Sold: The number of homes sold in July 2023 was 537, down by 5.5% from 568 homes sold in the same month the previous year. This reduction suggests a potential decrease in demand due to continued high mortgage interest rates and a lack of available inventory.

Get ready for an exciting August in the Coachella Valley with a variety of events and activities! From poolside music festivals and sing-along Sundays to morning golf and side-splitting comedy shows, there's something for everyone to enjoy. Plus, don't miss out on the local theater and art exhibitions for a touch of culture. Keep cool and enjoy all that the valley has to offer!

TOUR DE BIG BEAR - AUG 5

Join the cycling community for the Tour de Big Bear, a must-attend event in Southern California's biking calendar. Set against the stunning mountain scenery of Big Bear, the event offers a variety of rides catering to cyclists of all ages and abilities, including family fun rides on quiet backstreets, 25, 50, 70, and 100-mile road courses, and the exhilarating Dirty Bear and Dirty Cub gravel rides. Live entertainment, a beer garden, and the Big Bear Cycling Festival featuring a Glow Ride and Poker Ride add to the festivities.

For more information, click HERE.

SPLASH HOUSE - AUG 11-13 AND 18-20

Splash House is a three-day poolside music festival in Palm Springs that celebrates electronic, house, and disco music. The festival features pool parties at The Saguaro, Renaissance Palm Springs, and Margaritaville Resort, with after-hours shows at the Palm Springs Air Museum. It's the ultimate summer destination for music lovers with an impressive lineup, including artists like CID, Vintage Culture, Odesza, and Chris Lake.

For more information, click HERE.

The Coachella Valley real estate market in June 2023 has remained steady since the beginning of the year. While the number of homes for sale increased by 12% from June 2022, the sales pace slightly declined, signaling a complex market environment. Despite this, the average selling price demonstrated a modest 0.7% increase, reflecting continued market stability. However, homes are taking longer to sell, with the average number of days on the market almost doubling from the previous year.

Year-over-Year Comparison: June 2022 vs. June 2023

When comparing June 2023 to June 2022, the number of homes available for sale increased by 12%, with 1,605 homes listed for sale this year compared to 1,433 homes the previous year. This rise in inventory provides more options for buyers to choose from.

There was a 10.2% decrease in home sales in June 2023 compared to June 2022. Last year, 767 homes were sold during this period last year, while 689 homes changed hands this year. This decline may reflect inventory that, while up compared to last year, is still well below normal.