Aug. 14, 2018

Low Inventory is Pushing Palm Springs Area Home Prices Higher

Our Palm Springs area neighbors are staying put, and with fewer homes on the market, home buyers are willing to pay more to live here.  

The July 2018 vs. July 2018, Trendvision ® stats are out and all indicators point to two key facts: 

  1. First, the Number of Homes for Sale this July versus last, are lower by as much as (-25%) for homes priced, To $499,999, and (-15.6%) lower for homes 1M+. Even homes in the mid-range, $500,000 to $999,999, saw a decline in the number of homes for sale by (-4%). 
  2. Second, Coachella Valley Average Sold Prices in all three categories increased in lockstep with the lower inventory. Homes priced, To $499,999 saw average home prices increase by (+5.7%), and homes priced 1M+ increased by (+11.7%). Homes priced from $500,000 to $999,999 increased by (+1.1%.)  

All Indicators Point to a Strong Market 

Typically, these two market criteria are good signs that the home market is doing well. But, there is even more positive news. The Number of Days on Market again declined year over year. For the month of July 2018, homes priced, To $499,999 sold in an average of 84 days, a faster pace over last year by (-11.6%). Homes priced $500,000 to $999,999 sold on average in 98 days, (-17%) less. Only homes priced 1M+ increased the number of days they took to sell, but only by (+3%), to 144 days.

Another sign that the market is still solid, is that the Number of Homes Sold increased by double digits for homes priced, To $499,999 by (+12.7%), and $500,000 to $999,999 by (+10.4%). Only the luxury home market, homes priced $1M+ experienced a decrease in the number of homes sold by (-8.3%).  

So how long can this last? 

While no one can predict what will happen in the long term, it seems that the people buying into our market for the past 6 months, are confident about their decision to live and vacation here. Without a thorough study, it’s impossible to tell what is driving their decisions, but optimism about the future of the Coachella Valley’s economy must be a part of it. And, that’s something we can all rally behind!

By the Numbers and City Standouts!

July’s year-over-year averages per city are amazingly positive. Who would have guessed that July, one of our hottest months, would turn out to be one of the years’ best for the Number of Homes Sold, and Average Sold Price? 

 

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

Here are the highlights.

Cities with the highest percentage increases in Average Sold Price: Rancho Mirage (13.8%); Bermuda Dunes (12%); Indio (6.9%); La Quinta (5.1%); Cathedral City (4.2%). Palm Springs decreased by (4.7%)

Cities with the greatest percentage increases in the Number of Homes Sold: Palm Desert (17.3%); Palm Springs (14.5%); Indian Wells (11.8%); La Quinta (10%); Bermuda Dunes (6%); Cathedral City (2.5%). Indio decreased by (-6%).  

Cities with the greatest percentage decreases in Days on Market: Bermuda Dunes (-53%); Indian Wells (-28.5%); Rancho Mirage (-22.8%); Cathedral City (-19.4); Palm Springs (-15.8%); Indio (-10%); Palm Desert (-8.9%). La Quinta increased 10 110 days, (+5.8%). 

The city with the highest average sale price is often Indian Wells. Click HERE to find out why Indian Wells is so popular!

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?

The Hamilton Real Estate Group. Experience the Difference! 

 

Aug. 10, 2018

The City of Indian Wells. Living Life Inspired.

The Crown Jewel of Coachella Valley, the City of Indian Wells is the Most Visually Striking and Beautiful.

Indian Wells is home to about 5,200 people lucky enough to call the city home. Located between Palm Desert and the resort town of La Quinta, it's popularity began early, after having caught the attention of Hollywood moguls, celebrities and U.S. Presidents. 

Indian Wells is best known for having opened the area’s first golf courses.  The Eldorado Country Club and the Indian Wells Country Club opened in the 1950’s, and Arnold Palmer won the first Bob Hope Desert Classic at the Eldorado Club, in 1960. Perhaps the most famous of all Indian Wells’ locals was President Dwight D. Eisenhower. He frequented the desert often, playing golf and eventually purchasing a home for him and his wife, Mamie in the Eldorado Country Club. 

Today, Indian Wells continues to be a favorite global business and vacation gathering spot for executives, celebrities, athletes, and fans of world-class Golf, Tennis, Art and Music Entertainment. Tennis is now one of the biggest events, hosted by the Indian Wells Tennis Garden in early March. Larry Ellison’s purchase of the Indian Wells Tennis Garden and his multi-million dollar upgrades and expansion of the venue has made the city of Indian Wells a pivotal part of the ATP World Tour Masters tennis tournaments, and a focal point for much of Coachella Valley’s tennis championships.   

View the most recent homes available for sale in Indian Wells at this link: Indian Wells For Sale. 

Homes and Neighborhoods of Distinction

The homes and properties of Indian Wells are stunning and steeped in luxury. From custom classics and inspired mid-centuries, to elegant contemporaries, homes there are as beautiful, as any imaginable.  

Equally impressive are the neighborhoods, lush with vibrant gardens and each oriented around either, a private Golf, Tennis, or Spa Resort.  The spectacular vistas of the Santa Rosa Mountains, makes it hard to believe that Indian Wells is real, and not just the backdrop of a movie set. 

The Good Life

Indian Wells is home to four luxury hotel resorts, featuring acclaimed events, fine dining, spas, and recreation.  The Indian Wells Golf Resort offers two top-ranked 18-hole public courses. 

For tennis buffs, the 122-acre, Indian Wells Tennis Garden, owned by Larry Ellison of Oracle, is home to the BNP Paribas Open, The Indian Wells Arts Festival and Indian Wells Music Festival.

Indian Wells Tennis Gardens - Entertainment Central for Championship Tennis, World-Class Art and Music Entertainment

The Indian Wells Tennis Gardens is best known by international tennis players and fans, as one of the top two venues to view world professional tennis tournaments. Tennis fans come to enjoy the sights, sounds and food, and to cheer on their favorite players.  Owned by Larry Ellison, CEO Oracle, the Tennis Garden’s has three Stadiums, with 16,100 seats making it the second-largest tennis stadium in the country. 

Every bit as impressive is the setting. The 122-acre site sports sixty-two palm trees, acres of flowers, lush greenery, and two large fountains, a retail center and dining at Spago, Wally’s Desert Turtle.

The Indian Wells Tennis Gardens is located at 78-200 Miles Ave., Indian Wells. Indian Wells Tennis Gardens

 

2019 BNP Paribas Open, March 4–17, Indian Wells Tennis Garden, Indian Wells

The BNP Paribas Open is the sixth-largest tennis tournament in the world and is a two-week combined event held at the Indian Wells Tennis Garden. When it comes to tennis championships and venues, the Indian Wells Tennis Garden is among the world’s best. The beauty of the venue, delicious food, its majestic setting, and perfect weather make it one of the most attended of all tennis championships.

The Indian Wells Masters tennis tournament—presently known as the BNP Paribas Open is one of nine ATP World Tour Masters 1000 high-level events operated by the Association of Tennis Professionals, and one of the four WTA Premier Mandatory tournaments of the Women's Tennis Association

The Fifth Grand Slam

Every year, the world’s best tennis players take center court, and battle it out their favorite players battle it out on the to a riveting final championship event.  2018 was especially exciting with both Venus Williams and Serena Williams meeting each other on the courts at Indian Wells for the first time in many years. For tennis fans, 2019 will be just as exciting.   

2019 Tickets are on Sale Now. Click here for ticket packages and prices

Indian Wells Arts Festival-Rich in Color, Creativity and Diversity. March 29–31, 2019 

The Indian Wells Arts Festival is rich in color, creativity and diversity. Every year, more than 200 artists arrive from every corner of the world including, Japan, Africa, Central and South America, the United Kingdom, Europe.  The Indian Wells Tennis Garden offers the perfect setting to display the imagery and creative talents of the art and artists. It’s a wonderful and exquisitely entertaining event for art lovers and anyone interested in spending time outdoors.  

Indian Wells Music Festival-Rock out to Jazz, Blues and Country. April 5-6, 2019

The Indian Wells Music Festival, presented by Wendy Jane Productions and the Indian Wells Tennis Garden, is the last major event of the Coachella Valley's high season. For music and art lovers there is no better way to wrap up a season of non-stop entertainment and events than with the pulsating beats and rhythms of inspired music, wild stage sets, laser light shows, festival foods, a giant Ferris wheel, and boldly colored, floating creatures. 

The Hamilton Real Estate Group is Your Key to Indian Well's Homes and its Luxury Lifestyle.

View the most recent homes available for sale in Indian Wells at this link: Indian Wells For Sale.

The City of Indian Wells offers a select few a very special lifestyle. Contact Dan or Reuben to find out what makes this City so distinctive and one of the very best places to live in the Coachella Valley.  

Call 760-625-7229 or email dan@thehamiltonregroup.com 

To explore neighborhoods and homes on your own, visit TheHamiltonREGroup.com 

The Hamilton Real Estate Group. Experience the Difference!

 

 

July 30, 2018

Desert Lifestyle Report - August 2018

Summer’s Half Over. Now is the Time to Plan and Book the Upcoming Season’s Top Events! 

It may be hard to imagine right now, but a whole new and exciting 2018-2019 Calendar Season is already on the horizon. We are here to remind you that getting into the new season’s hottest events requires planning and a nimble response when tickets go on sale.  

It’s a matter of simple math. Every year, millions of people from all over the world are drawn to Palm Springs’ top high season events. They come for the fun and the sun, many of them planning their calendars and trips a year or more in advance. They are dialed-in with alarms ready to signal them the moment tickets to their favorite events go on sale. And, most likely, they are your favorite events, too. 

We will do our best to keep you abreast of the major festivities upcoming, but if there is one in particular that you have your heart set on attending, it’s best to keep it on your radar and, be ready to act quickly! First up, is Modernism Week October.

Modernism Week Fall Preview - Tickets On Sale Aug 1

Without a doubt, Modernism Week in February is one of the most popular of all the Greater Palm Springs festivities. It is so popular in fact, that a Modernism Week Fall Preview event is scheduled each year, October 18th-21st, in advance to offer people an early peek into the planned offerings for the February event.  

Modernism Week Fall Preview this year has over 50 activities scheduled including, popular mid-century and modernism architecture and design lectures, lavish cocktail parties at some of Palm Springs’s most iconic homes, bike, bus and walking tours of local mid-century modern architecture and buildings. For Modernism lovers, this 4-day event sparks a heightened level of energy and excitement that carriers them right through to Modernism Week in February.  Continue to watch for updates on Modernism Week Fall and February in our upcoming Desert Lifestyle Reports.

To get in on the fun, check out the schedule and buy your tickets fast. Click here for the complete 4-day schedule of events: www.ModernismWeek.com

Sandpiper: Original Mid-Century Modern Dream Homes

The Sandpiper, the first mid-century modern community of its kind, is as beloved and sought after today as it was when first built in the late 1950’s. 

Considered the first condominium project its kind, the story of Sandpiper home designs and the community’s distinctive layout, is recorded in the annals of the historic society, and documented in books as exemplary examples of mid-century modern architecture and design.

Distinctively designed, open-plan interiors feature 10-foot ceilings, skylights and "glass walls" with sliding doors, wet bars, double vanities in the master bath, walk-in closets, and plenty of modern amenities. Sandpiper homes are well-suited to 21st Century lifestyle as well, both as full-time residences and as vacation homes. Residents love the walkable community and short stroll to Palm Desert’s El Paseo with its fine dining, world-class art galleries and shopping.

Learn more about what makes Sandpiper special at this link:

Sandpiper Palm Desert

We specialize in the purchase and sale of homes in Sandpiper, and continue to be the development’s top producing real estate team. It’s our love of the community and belief in the value and benefit it offers its residents that makes it easy for us to do our job there, and to do it well. 

We currently have beautiful homes for sale at Sandpiper. Please call Dan or Reuben for information and a tour of the homes. Or, visit:  www.Sandpiper4sale.com 

Idyllwild Strong! Jazz in the Pines Festival is a Go, Aug. 10-12

Nothing, not even fire, is going to stop Idyllwild’s 25th Annual Jazz in the Pines Festival. The festival is the year’s largest tourism event for Idyllwild and the primary fundraiser for the high school-aged Idyllwild Arts Academy.  The Arts Academy which hosts students from around the world was not damaged by the fire. Brave firefighters did an amazing job under extreme conditions to contain the fire and mitigate damage to the town. 

Festival COO John Newman said in a July 27, interview with reporter Bruce Fessier for the Palm Springs Desert Sun that, “ the show-must-go-on”, and will as planned, despite damage to some of the surrounding  staging areas.

An Amazing Line-Up of Jazz, Blues and R&B Performers

The Jazz festival is a favorite local event. This year, over two dozen bands are performing jazz, blues, and R&B to fans from all over the region. The festival is set among a breathtaking mountain campus, and with 27 artists, 4 stages, 3 days, and 50 vendors this is one of the hottest tickets in Southern California.  Proceeds from the festival benefit Idyllwild Arts Academy a 501(c)(3) non-profit whose mission it is to change lives through the transformative power of art. 

Located at Idyllwild Arts, 52500 Temecula Rd., Idyllwild, CA 92549. For information and box office click here: www.JazzInThePines.com

ARRIVE HOTEL—Dive-In Movie Series 

If you want the full Palm Springs experience then a stay at the ARRIVE Hotel is a must. Visitors there are immersed in the very essence of Palm Springs life, experiencing its eclectic culture, Hollywood flare, flavors and tastes. It’s pure delight for all the senses. The hotel features a courtyard pool and oversized Jacuzzi, poolside cabanas with firepits for romantic times. Group firepits and lounge seating, Bocce and ping pong encourage fun social gatherings. The Reservoir restaurant cooks up sumptuous southern California cuisine, and Customs Coffee and Ice Cream Shops offer up cool refreshments. 

Dive-In Movie Night Series – Grease, Aug. 31,  The Big Lebowski, Sep. 28

Not to be missed are the exciting and romantic poolside events. ARRIVE presents its Dive-in Movie Series every last Friday of the month.  The event is free, and open to adults 21 years or older.  Movie start at 7pm, and serious movie watchers are encouraged grab a drink, a friend and arrive early to grab a seat or a float in or by the pool, or poolside. visit www.ArriveHotel.com

Summer may be the best opportunity to buy a home in Greater Palm Springs 

The most recent statistics for home sales indicate that overall sales prices are up (3.4%) for June 2018. Typical of summer the Number of Homes for Sale have decreased and homes are still selling quicker than a year ago. 

The bottom line is that the Coachella Valley housing market is stable and is not notably deviating from its course since January 2018. With interest rates still attractive, summer may be the best opportunity to buy a home in the Greater Palm Springs area. At the very least, you may want to talk to Dan or Reuben about what good deals may be available now before people start remembering that summer doesn’t last long. 

Read the full market update report at: www.DesertMarketUpdate.com

City Standouts! What’s Up and Whose Down?

According to TrendVisions™ June home statistics the market is strong and steady, and although every city EXCEPT Indio, experienced decreases in the Number of Homes Sold, 7 of 10 cities had increases in the Average Sale Listing Price, with 6 of them in the double digits. Half of all the cities sold homes quicker, with 4 showing increased days on market and 1, Cathedral City, not changing at all. 

By the Numbers

  • Cities with the highest percentage increases in Average Sale Price: Bermuda Dunes (+15.6%); Indio (+14.3%); Palm Springs (+11.2%); La Quinta (+10.6%); Rancho Mirage (+10.65%); Cathedral City (+10.2%).
  •  Cities with the greatest percentage decreases in Days on Market: Palm Springs (-14.4%); La Quinta (-11.3%); Indian Wells (-11%); Palm Desert (-9.8%); Indio (-9%).
  • Cities with the greatest percentage of increases in the Number of Homes Sold: Indio (1.6%). Cities with the greatest percentage of decreases in Number of Homes Sold: Bermuda Dunes (-40.9%); La Quinta (-23.6%); Palm Springs (-13.8%); Palm Desert (-13.2%); Cathedral City (-12%); Desert Hot Springs (11.5%); Rancho Mirage (-10.9%).

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. 

August Entertainment Schedule Hot Days and Cool Nights

Fantasy Springs Casino

  • Jason  Bonham’s Led Zepplin Evening | August 3
  • Eric Moo | Aug 11
  • Golden Boy Boxing | Aug 17
  • Roger Daltry | Aug 18
  • The Jacksons  | Aug 25
  • Peter Frampton | Aug 31

For box office tickets click here Fantasy Springs Resort

Agua Caliente Casino

  • Brad Paisley |  Aug 2
  • Cheech & Chong |  Aug 4
  • Gladiator Challenge: MMA Showndown | Aug 11
  • Diva2Diva |  Aug 12
  • Vache Amaryan & Silva Hakobyan |  Aug 18
  • Steve Martin & Martin Short |  Aug 24
  • WFC 94 Live Championship Boxing |  Aug 25
  • Purple Reign: The Prince Tribute Show |  Sep 1 2

For box office tickets click here Agua Caliente Entertainment

Spotlight 29

  • Hijos De Barron  |  Aug 4
  • Pimpenella |  Aug 19
  • Los Tucanes De Tijuana |  Aug 25

For box office tickets click here Spotlight 29 Casino

Journey through the Desert-The Road Less Traveled at Palm Springs Art Museum, The Galen, Palm Desert. Summer Hours through Sept. 2, Fri – Sun. 10 a.m. – 5 p.m., closed Monday through Thursday & Holidays.  Features work by approximately 20 American photographers, beginning with an expansive presentation on the archive of Stephen H. Willard who captured the spiritual and natural beauty of the desert in the early part of the 20thcentury. For more information click here www.PSMuseum.org

College of the Desert Street Fair, Every Sat. & Sun. Merchandise and services for all ages and any budget, the Street Fair offers more than 300 merchants, artists, a Farmer’s Market, entertainment, food and much more. Time/Place: 7 a.m.- 2 p.m. / 43500 Monterey Ave., Palm Desert, Contact: 760-636-7957 www.CODaaStreetFair.com

The Hamilton Real Estate Group. Experience the Difference!

 

July 22, 2018

Idyllwild, Pioneertown ... Cool Down in the Mountains & High Desert

Idyllwild is the perfect place to escape the extreme desert heat and enjoy the great outdoors.

High up in the San Jacinto mountains, the sweet smell of pines, sleepy trails and laid-back western town is like being swaddled in a comfy blanket. 

The small town is imbued with mountain charm and offers all the comforts of a timberland retreat. Friendly owners and inviting local taverns serve up craft brews while restaurants dish-up hearty American-style meals and desserts to warm your heart.  When done imbibing cruise the town and do some window-shopping. Idyllwild’s stores are filled with interesting handmade and touristy crafts, bookstores, and fine art. Wind chimes, cowboy hats, children’s toys, leather goods, delicious confections, and even Sasquatch are among the fun and interesting treasures waiting to be found. 

Inspired by the majestic 8,846-foot-tall Tahquitz Peak and towering pines, your inner pioneer spirit just might compel you to explore one of the many forested park trails. Ferns, flower blossoms and wildlife lace the winding trails that ultimately guide you to cool creeks and picturesque picnic sites.

For more information and a complete list of local activities and events click here  www.Idyllwild.com.

Idyllwild Arts presents, 25th Annual Jazz in the Pines, Aug. 10th-12th 

The Jazz festival is a favorite local event. This year, over two dozen bands are performing jazz, blues, and R&B to fans from all over the region. The festival is set among a breathtaking mountain campus, and with 27 artists, 4 stages, 3 days, and 50 vendors this is one of the hottest tickets in Southern California. 

All proceeds from the festival benefit Idyllwild Arts. The 501(c)(3)non-profit's mission is changing lives through the transformative power of art. 

Located at Idyllwild Arts, 52500 Temecula Rd., Idyllwild, CA 92549. For information and box office click here: Jazz In The Pines

Pappy and Harriet's Pioneertown Palace. Old West, Rock Music and Mesquite Barbecue

The legendary Pappy and Harriet’s Pioneertown Palace is an eclectic mix of old and new Hollywood and Indie music legends set in an old west frontier setting, and it is amazingly cool. With Mesquite barbeque, live music, dancing and friendly service the legendary bar is an indie rock favorite with musicians from Robert Plant to Vampire Weekend to Leon Russell and Sean Lennon having graced the P&H stage.  

A Long and Historic Story

According to the website, “Pioneertown was founded in 1946 by a group of Hollywood investors with dreams of creating a 1870’s frontier town with facades for filming and interiors open to the public. On the outside were stables, saloons, and jails, and on the inside, were ice cream parlors, bowling alleys, and motels. Roy Rogers, Gene Autry, Russell Hayden, and the Sons of the Pioneers (for whom the town was named) were some of the original investors and personalities who helped build and invent Pioneertown. More than 50 films and several television shows were filmed in Pioneertown throughout the 1940’s and 1950’s.”

Pappy and Harriets Pioneertown Palace, 53688 Pioneertown Road, Pioneertown, CA 92268

Heading up to the mountains for a while is a great way to beat the heat and enjoy the spectacle of life among the timbers and fresh water lakes.

With only one week left in July, summer is almost half over and one of our prime selling seasons will be kicking off little more than about six weeks. If you are considering buying or selling a home in the Greater Palm Springs Valley call Dan or Reuben. (760) 625-7229 or email dan@thehamiltonregroup.com.  

To search for homes or learn more about how Dan and Reuben can help with all your real estate needs, visit www.TheHamiltonREGroup.com 

The Hamilton Real Estate Group. Experience the Difference!

 

Posted in Local Events
July 14, 2018

It’s Smooth Sailing for the Palm Springs Area Home Market

With No Foreseeable Headwinds, it's Steady as She Goes 

Trendvision’s® most recent June 2018 vs. June 2017 market statistics indicate that Coachella Valley’s Average Sales Prices were up 3.4% for homes priced from $500,000 to $999,999 and down -16.3% for homes under $499,999,  and -4.5% for those over 1M+. 

But, while slower sales in the warmer months is not uncommon, what is surprising is that the Average Sale Price is up for homes in every pricing category, and Days on Market continue to decrease year over year for homes priced up to $999,999. Homes over 1M+ did sit on the market an average of 154 days, or 14.9% longer than they did in June 2017.

Although you would expect inventory of homes for sale to decrease every June, what is notable in this report is that the Number of Homes for Sale are as much as -25% fewer for those priced to $499,999, -6.5% for homes priced $500,000-$999,999, and those over 1M+ are down by -10.5%. With inventory continuing to be tight, prices are expected to either remain steady or increase. 

The bottom line is that the Coachella Valley housing market is stable and is not notably deviating from its course since January 2018. With interest rates still attractive, summer may be the best opportunity to buy a home in the Greater Palm Springs area. At the very least, you may want to talk to Dan or Reuben about what good deals may be available now before people start remembering that summer doesn’t last long.     

City Standouts! What’s Up and Whose Down?

According to TrendVisions™ June home statistics the individual cities numbers are a mixed bag, but overall, the market is strong and steady, and although every city EXCEPT Indio, experienced decreases in the Number of Homes Sold, 7 of 10 cities had increases in the Average Sale Listing Price, with 6 of them in the double digits. 

Half of all cities saw homes sell quicker, with 4 showing increased days on market and 1, Cathedral City, neither decreasing nor increasing.  

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

Cities By the Numbers

Cities with the highest percentage increases in Average Sale Price: Bermuda Dunes 15.6%; Indio 14.3%; Palm Springs 11.2%; La Quinta 10.6%; Rancho Mirage 10.65%; Cathedral City 10.2%.

Cities with the greatest percentage of increases in the Number of Homes Sold: Indio 1.6%. Cities with the greatest percentage of decreases in Number of Homes Sold: Bermuda Dunes -40.9%; La Quinta -23.6%; Palm Springs -13.8%; Palm Desert -13.2%; Cathedral City -12%; Desert Hot Springs 11.5%; Rancho Mirage -10.9%.

Cities with the greatest percentage decreases in Days on Market: Palm Springs -14.4%; La Quinta -11.3%; Indian Wells -11%; Palm Desert -9.8%; Indio -9%.

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?

The Hamilton Real Estate Group. Experience the Difference! 

 

 

July 10, 2018

City of Rancho Mirage. Living a Life of Pure Delight

Rancho Mirage is a favorite of snowbirds, vacationers, and U.S. Presidents   

Rancho Mirage is best known for its distinguished lifestyle—its exclusive residential communities, beautiful golf courses, abundant restaurants, entertainment and outdoor recreation. It’s a combination of elegance and luxury that has for generations lured folks with the most discriminating of tastes, and captivated a succession of our nation’s Presidents dating back to 1929 when Herbert Hoover played golf at The Thunderbird Country Club. Since then, Eisenhower, Richard Nixon, Gerald Ford, George W. Bush, and Barack Obama have played golf at the Thunderbird Country Club.

Today, Sunnylands Center and Gardens (former home of Ambassadors Walter and Leonore Annenberg) has become the “Camp David of the West” with two U.S. Presidential meetings being held at the estate over the last two years. It’s also a favorite of visitors from around the world.

Rancho Mirage, 92270 

The City of Rancho Mirage has a population of 18,296 year-round permanent residents in an area just under 25 square miles. During the high season of winter, the resident population increases by 71% to 25,576. Median household income is $66,083, while the average household income is $122,086. 

Average daytime temperatures of 88 degrees, nighttime lows of  55, low humidity, and an average rainfall at 3.38 inches per year pretty much guarantees year-round fun in the sun.

At 79.1% home ownership in Rancho Mirage is high, and so too, is the median price of a detached home. At $658,250 it ranks #2 among all Coachella Valley cities. Indian Wells has the highest median home price, $840,000.  

Rancho Mirage 's home prices are rising steadily.  Median prices of Rancho Mirage homes increased 35.6% in the last five years, and were up 7.9% in the last year. A strong economy, 10,000+ baby boomers retiring every month for the next 10 years, will only continue to increase the popularity of this desert playground and its home prices. 

Click HERE to view the most recent homes made available for sale in Rancho Mirage! 

Living Life to the Fullest is What Draws Residents and World Travelers to Rancho Mirage. 

Rancho Mirage is home to some of the most recognized resort brands in the world. 

The Ritz-Carlton Rancho Mirage is located in the foothills of the surrounding Santa Rosa Mountains and is the Valley’s only five-star lodging property. Guests enjoy amazing amenities while surrounded by breathtaking valley views unlike any other in the Palms Springs Valley. The Edge Steakhouse offers a spectacular ambiance, enhanced by watching the shadows grow across the Valley floor at sunset.

The Omni Rancho Las Palmas Resort and Spa is well-suited for families with activities of all ages, including, golf, tennis, spas, and Splashtopia. The resort’s signature restaurant, bluEmber offers spectacular mountain and fairway views, and a unique twist on Cali-American cuisine. Live smooth jazz music is performed in the evenings. 

The Westin Mission Hills Golf Resort & Spa is renowned for its spectacular views of the snow-capped San Jacinto Mountains, championship golf courses, world class spa amenities and dining experiences. The Westin is adjacent to Mission Hills Country Club, the home of the internationally renowned ANA Inspiration–the first LPGA major championship of the season.

The Agua Caliente Casino Resort Spa's is a perfect adult playground with 24-hour gaming, fine and casual dining, and famous headline acts at “The Show”, a 2,000 seat premier entertainment venue. Visit the Hamilton Real Estate Group's www.DesertLifestyleReport.com for Agua Caliente and all Coachella Valley entertainment. 

Dine Rancho Mirage Showcases Dining in Rancho Mirage

If you are always in search of the best local cuisine, restaurants and dining experiences, then you’ve come to the right City! Rancho Mirage has over sixty restaurants that offer everything a diner could possibly desire, from Chicken Pot Pie to Pad Thai. Visit the city’s dining website www.dineranchomirage.com and while there, download the mobile phone App, for updated restaurant listings, menus, dining specials, and reservations. Gee, sixty restaurants in sixy days…could make for a good short story, or movie. 

3rd Annual Taste of Summer Rancho Mirage. Sample $4.00 Summer Dining Specials, from July 19 - August 19, 2018.

The Rancho Mirage Restaurant Association, the Rancho Mirage Chamber of Commerce and the City of Rancho Mirage present the 3rd Annual Taste of Summer Rancho Mirage, an event whereby participating Rancho Mirage restaurants and resorts have created $4.00 specials available to patrons who purchase a $10 wristband, with all proceeds from wristband sales going to Coachella Valley charities. For information and tickets click here www.dineranchomirage.com

Year-Round Art and Wine Festivals, Parks and Recreation

Rancho Mirage and surrounding Coachella Valley cities offer a wide variety of year round activities and entertainment. Here’s some Rancho Mirage resident favorites. 

The Annual Rancho Mirage Writer’s Festival brings together over 1,000 authors and patrons from all over the World. Next year’s festival will be held January 30th through February 1, 2019. The Festival is held at the award-winning Rancho Mirage Library and Observatory, with 90 sessions over three days. A festival enthusiast describes it as “Coachella for the brain.” The writers are all experts in their field, distinguished historians, respected journalists and gifted storytellers.

Rancho Mirage Observatory is the first public telescope in the Coachella Valley. Located at the Rancho La Quinta Library, it is an automated state of the art research level Observatory offering professional and amateur astronomers the ability to view our Galaxy!

Rancho Mirage Wine and Food Festival. In February over 20 local restaurants and over 40 wineries from California, Washington and Oregon showcase their food and superb wines. Each winery is represented by the winemakers themselves eager to speak about their unique wine-making flavors and techniques. Fresh local food is paired for a perfect evening of dining and wining. 

Sunnylands Center and Gardens.  Visitors to the Sunnylands’ Gardens and Visitor Center have the opportunity to immerse themselves in the rich history of the estate, view some of the many historic and important art exhibits that are on display and roam the enchanting garden grounds. The recent hosting of two U.S. Presidential summits and a world leader’s conference provides Rancho Mirage international media attention as world leader’s focus on diplomacy discussions.

Rancho Mirage – A Center for Exceptional Health Care 

Rancho Mirage is fortunate to be home to several renowned medical and treatment institutions like Eisenhower Medical Center, the Hazelden Betty Ford Center, and the Barbara Sinatra Children’s Center. Included in our boundaries are the Tolerance Education Center, the Children’s Discovery Museum of the Desert, and the Braille Institute which delivers programs and services that rival those in any major city.

The Hamilton Real Estate Group is Your Key to Rancho Mirage Homes and its Distinctive Lifestyle

The City of Rancho Mirage is a very special community. Contact Dan or Reuben to find out what makes this City so distinctive and one of the very best places to live in the Coachella Valley.  

Call 760-625-7229 or email dan@thehamiltonregroup.com 

To explore neighborhoods and homes on your own, visit www.TheHamiltonREGroup.com 

The Hamilton Real Estate Group. Experience the Difference!

 

Posted in Real Estate News
June 29, 2018

Desert Lifestyle Report - July 2018

Get into the Spirit of Independence at One of These July 4th Events!

Palm Springs: All-American Fourth of July Fireworks Spectacular and Palm Springs Power Baseball

Celebrate America’s most famous pastimes, baseball, fireworks, and hot dogs. The Palm Springs Power stadium team plays the Palm Springs Collegiate League All-Stars, at 6:05 p.m.

Gates open at 8 p.m. and the fireworks start at 9:15 pm. Admission is free into the stadium and stadium seating. Palm Springs Stadium, 1901 E. Baristo Road, palmspringspowerbaseball.com/scheduleresults/promotional-schedule/july-4th-at-the-ballpark/

Palm Desert: Independence Day Celebration

Enjoy a night of food, family, friends, and fireworks on the sprawling Civic Center Park lawn. Picnic or pick from a variety of food vendors. The National Anthem starts the evening off at 7:15 p.m., and the Swing Cats Big Band will perform at 7:30 p.m. A 25-minute long fireworks show will begin at 9 p.m. Palm Desert Civic Center Park, 43900 San Pablo Ave. shadowmountainresort.com/events/palm-desert-independence-day-celebration/

Rancho Mirage: Agua Caliente Casino Resort Spa Fireworks Extravaganza

Arrive early to secure your spot for the fourth annual fireworks display, which will light up the night sky beginning at 9 p.m. a the Agua Caliente Casino Resort, 32250 Bob Hope Drive, www.hotwatercasino.com 

Indio: Fantasy Springs Resort Casino’s Fireworks

Take the kids and show up early if you want to get a good spot for this fireworks display. The pyrotechnics blast off at 8:45 p.m. from the Eagle Falls Golf Course. Bring blankets and folding chairs and gather around the Eagle Falls Pro Shop and surrounding parking lot to enjoy the show. Eagle Falls Golf Course/Fantasy Springs Resort Casino 84245 Indio Springs Parkway www.PalmSpringsLife.com

Fireworks Palm Springs

Celebrate July 4th Above it All! 

Big Bear Lake: Big Bear Fourth of July Fun Run

Start your Fourth of July with a run to support RunFar, a nonprofit organization that benefits the children of fallen soldiers and raises awareness about veteran suicide and PTSD. Bring the entire family. Sign up for a 5K, 10K, or 15K. Prizes will be awarded in a costume contest. Registration opens at 7 a.m., Meadow Park, 41220 Park Ave. runsignup.com/Race/CA/BigBearLake/July4FunRun.

Big Bear Lake: Fourth of July at 8,200 Feet

Touted as the largest fireworks display in Southern California, this event at Big Bear Lake requires a ride up the mountain. Take Snow Summit’s Scenic Sky Chair on a mile-long ascent to the peak. In addition to stunning views, you’ll enjoy a barbecue dinner and listen to live music while the kids enjoy activities of their own. The adventure begins at 5 p.m. Tickets are $30–$55 (dinner included). Snow Summit, 880 Summit Blvd. bigbear.com/event/?id=11301

Idyllwild: 52nd Annual Fourth of July Parade

Enjoy a small town Independence Day parade at 5,413 feet above sea level. Sponsored by the Rotary Club, the parade is small-town Americana at its finest. Festivities begin at 10 a.m. from Fern Valley Corners down North Circle Drive. IdyllwildfourthofJulyparade

Been There, Done That? Try One of These 

Palm Desert: Tommy Bahama

Watch the fireworks show from the second-story patio of Tommy Bahama’s while enjoying a cool-summer drink and tasty all-American foods. Make your reservations early to secure a table. Tommy Bahama Restaurant, 73595 El Paseo. tommybahama.com/restaurants/palm-desert

Palm Desert: Vista Point

Vista Point on Highway 74 is 5 miles up the mountain from South Palm Desert with stunning views of the valley below. This is a great spot to watch the various fireworks shows light up the skies. Pack some snacks and arrive early to secure a parking spot. Vista Point, Palms to Pines Highway (Highway 74) www.fs.usda.gov/recarea/Vista Point

Palm Springs: High Bar at the Rowan

The rooftop terrace at the new Kimpton Rowan Palm Springs hotel provides breathtaking panoramic views from the San Jacinto Mountains to downtown Palm Springs and beyond. This swanky spot is a prime location to view the local pyrotechnics. The terrace opens at 4 p.m. Kimpton Rowan Palm Springs, 100 W. Tahquitz Canyon Way rowanpalmsprings.com/

Summer is Here! Make it a Long, Tall, Cool One! 

Palm Springs Aerial Tramway Summer Pass 

The Palm Springs Aerial rotates slowly over two-and-one-half miles along the cliffs of Chino Canyon, offering passengers breathtaking vistas of the valley below. Once at Mountain Station, 8,516 feet up, there are two restaurants, observation decks, natural history museum, two documentary theaters, gift shop, and over 50 miles of hiking trails.

A Summer Pass is the best way to play in the cool alpine mountains all summer long.  Passes are valid through August 31, and includes unlimited Tram admissions, a 10% discount on additional Tram admissions (up to 6 in party), a 10% discount at Peaks Restaurant or Pines Café, and unlimited free parking.  A Summer Pass costs $80 for adults and $40 for children ages 3-10. To purchase passes and vie summer Tram schedules visit online at www.pstramway.com.

Big Bear Lake – Clear Skies, Fresh Water and Cool Temps 

Big Bear Lake is a mountain resort community with a fresh water lake seven miles long with over 22 miles of shoreline. The popular resort offers non-stop recreational opportunities such as fishing, water sports, hiking, mountain biking, horseback riding, tours, and winter sports. It also features a public zoo, a nine-hole golf course, seven public campgrounds, great restaurants, entertainment and lots of shopping. 

Hollywood's Natural Back Lot

Big Bear was once a popular escape for movie stars and other Hollywood elite, today this area is still a top-notch filming location. Charming streetscapes, rustic cabins and elegant lakefront properties and alpine forests make it a first-rate backdrop for top productions like, When a Stranger Calls, Next, Dr. Doolittle II, Gone with the Wind, The Insider, Frankenstein, Magnolia, Beethoven's 3rd, and War Games. Television productions include, "Grey's Anatomy," "The King of Queens," "The Average Joe," "Next Great Champ," "Jimmy Kimmel," and "Extreme Dating."

A one-hour and forty-minute drive from Palm Springs takes you up to altitude ranges of 6,750 to 9,000 feet. With over 300 days of sunshine, summer daytime temps average around 80 degrees with nighttime lows about 45 degrees. Big Bear's airport is open 24 hours every day and is equipped for night landings. AirTaxi/Charter service is available. https://www.bigbear.com/

Idyllwild – Old Western Charm, Local Stores and Tasty Treats

Idyllwild is nestled in the San Jacinto Mountains among tall pines, sweet smelling cedars and giant boulders. The small-town charm with its locally owned shops and restaurants is the perfect summer retreat to beat the heat. Idyllwild is perfect for day hikes and weekend hikes, as well as the high country for the longer "overnight" hiking journeys. Summertime events such as Art and Jazz Festivals are a great way to spend the day. Daytime temperatures average low to mid 80’s and 50’s in the evening. Only a 45 minute to 1 hour drive from Palm Springs it’s a fun day trip. http://www.idyllwild.com/

How Cool, is This? Locally Grown, Farm Fresh Foods, in the Westfield Mall.  

Westfield Mall, Palm Desert - Indoor Certified Farmers Market, through Sep. 16 

What could be better! Get your food and clothes shopping done inside, and all in one stop! Every summer the Westfied Mall offers shoppers fresh off the farm, certified organic produce, gourmet foods, flowers, and entertainment. A great way to stay cool and keep summer meals healthy! For quick easy access to the Farmers Market, enter Macy’s from covered parking behind the store and head to level 1, near the Coffee Bean & Tea Leaf store. July Schedule:  Sunday’s 1, 8, 15, 22, from 9:00 am – 1:30 pm. www.WestfieldMarket.com

Summer Restaurant and Entertainment Picks

AJ’s on the Green & Splash! Bar and Lounge—Sunday Jazz Brunch and Live Entertainment, 7-days-a-week.  Winner of Best of the Best and Best of the Valley Awards.

This classic Palm Springs lounge is considered a hidden gem by the locals. Located in a lovely park-like setting, it is known for generous pours and long day/night happy hours. The SPLASH! Bar & Lounge features creative bar bites—Patrick Evans' Fulvio Sausage Pizza Bombs, Fish and Shrimp Tacos, Moroccan Spiced Lamb Meatballs, Popcorn and Coconut Shrimp, and award-winning Haystack and Steakknife Angus Burgers. 

Dining Room favorites include: Seasonal Prime Rib, Salmon, Bourbon Glazed Double Cut Pork Chops, Duck Breast, Red Wine Braised Short Ribs, Angus Rib Eye Steak, Chicken Marsala, Berryaki Glazed grilled Mahi Mahi.  www.ajsonthegreen.com AJ’s on the Green, 36200 Date Palm Dr., Cathedral City

Ingleside Inn—Romantic Boutique Hotel, Fine Dining & Entertainment

Totally secluded at the base of the San Jacinto Mountains, the historic Ingleside Inn is steps from the very heart of downtown Palm Springs and adjacent to Melvyn’s Restaurant & Lounge, famous for its food and entertainment. Serving Brunch, Lunch and Dinner, the menu is a combination of simple and sumptuous meals, and a variety too great to mention all.  A few of my favorites are Steak Diane, Veal Oscar, Seared Scallops, Chilean Sea Bass, New York Steak a la Frank Sinatra (a 10oz steak with truffle Bordelaise) Yum! It’s a wonderful place to celebrate special occasions. 

The Casablanca Lounge at Melvyn’s is best known for its nightly entertainment featuring performances by Mikael Healy and Ron Greenip at 8 p.m., and it’s very popular Sunday Night Jam sessions. www.inglesideinn.com  Ingleside Inn, 200 West Ramon Road, Palm Springs.

The Nest—Great Food, People Watching and Dancing

The Nest offers an eclectic menu of exquisite and tasty dining experiences, from appetizers to entrees, you will have a hard time picking just one thing to eat. The menu includes items such as, Escargot, Australian Rack of Lamb, Weiner Schnitzel, Filet Mignon, Fettuccini Alfredo, Blackened Scottish Salmon, Spaghetti and Meatballs, and sampler plates of various Greek and other ethnic foods. 

They are best known for their entertainment. Crowds of people descend on The Nest every evening for the fine food and festive atmosphere. People of every age and inclination arrive with only one thing in mind—to have fun and dance the night away.  www.gotothenest.com The Nest, 75-188 Highway 111, Indian Wells.

Looking for a Million Dollar Home? We’ve Got That!

Luxury homes dominated the Coachella Valley’s May housing report with a whopping 42% gain in the number of multi-million dollar homes sold! 

Trendvision’s™ year-over-year (May 2017 vs. May 2018), market statistics indicate that homes priced over one-million dollars are continuing to pick up steam, even as we make our way toward the summer months. 

Most revealing was the Number of Homes Sold for 1+ million dollars is up (42.2%) from May 2017, and Average Sale Prices increased by (5.4%) to $2,519,000. What’s more, the Number of Days it takes to sell one of these goliaths dropped by (6.7%) to 128. 

There are many reasons why people may be buying luxury homes—optimism about the future of our nation’s economy, rising home mortgage interest rates, transfer of equity from recent home and stock portfolio gains, and for sure, retirees (ten-thousand-a-month) ready and able to purchase a sweet retirement dream home. Oh, and the fact that, for the past year, there has been a steady decline in the number of luxury homes available for purchase—simply, supply and demand economics at work. 

To find out how your city or area stacks up, visit www.thehamiltonregroup.com, or call Dan at (760) 625-7229. 

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?  

The Days May be Hot, But the Nightlife is Sizzling!

July Entertainment Schedule

Fantasy Springs Casino

o Michael McDonald| July 7

o Counting Crows | July 13

o Pitbull | July 21

o Korean Concert-One Summer Night | July 28

For box office tickets click here Fantasy Springs Resort

Agua Caliente Casino

o Kenny Loggins |  July 7

o The Ultimate Queen Celebration Starring Marc Martel |  July 12

o Village People |  July 14

o Donny & Marie Osmond |  July 27

o Park Kang-Sung, Chu Ga-Yeoul & Kum Jan Di |  July 28

o Hotel California: Salute to The Eagles |  July 29

For box office tickets click here Agua Caliente Entertainment

Spotlight 29

o Bronco | July 14

o Los Chicos De 512: The Selena Experience | July 28

For box office tickets click here Spotlight 29 Casino

Fantasy Springs Resort Casino’s Fireworks, July 3. Start 8:45 p.m., from the Eagle Falls Golf Course. Show up with the kids or grandchildren early if you want a good spot for this fireworks display. Bring blankets and folding chairs and gather around the Eagle Falls Pro Shop and surrounding parking lot to enjoy the show. 84245 Indio Springs Parkway, Indio. www.PalmSpringsLife.com

"Women Behind Bars" at the Desert Rose Playhouse, June 22 – July 29, Fri/Sat @8 p.m., Sun. 2 p.m.Desert Rose Playhouse, 69-620 Hwy 111, Rancho Mirage. For box office tickets, or to view the entire 2018/2019 Season Schedule, click here www.desertroseplayhouse.org

Journey through the Desert-The Road Less Traveled at Palm Springs Art Museum, The Galen, Palm Desert. Summer Hours through Sept. 2, Fri – Sun. 10 a.m. – 5 p.m., closed Monday through Thursday & Holidays.  Features work by approximately 20 American photographers, beginning with an expansive presentation on the archive of Stephen H. Willard who captured the spiritual and natural beauty of the desert in the early part of the 20thcentury. For more information click here www.psmuseum.org/

VillageFest, downtown Palm Springs, every Thursday through July. Downtown Palm Springs transforms into a diverse array of artists, artisans, entertainers, and purveyors of fresh fruits and veggies, flowers, jewelry, snacks and sweets. Time/Place: 6-10pm / Palm Canyon Drive, Contact: www.villagefest.org

College of the Desert Street Fair, Every Sat. & Sun. Merchandise and services for all ages and any budget, the Street Fair offers more than 300 merchants, artists, a Farmer’s Market, entertainment, food and much more. Time/Place: 7 a.m.- 2 p.m. / 43500 Monterey Ave., Palm Desert, Contact: 760-636-7957 /www.codaastreetfair.com

The Hamilton Real Estate Group. Experience the Difference!

 

 

 

 

June 24, 2018

Hamilton Real Estate Group Explores the New Del Webb® Rancho Mirage

Inspired Homes and Lifestyle for the Young at Heart   

Inspiration comes in many forms, and the new Del Webb® Rancho Mirage is one of those new awe-inspiring communities that makes you want to move right in. But like all Del Webb® developments this one is exclusive, reserved only for those 55+, and eager to take their lifestyle to the next level. 

Rancho Mirage—Central to the Valley’s Hottest Entertainment

Most people familiar with the Greater Palm Springs area, know that Rancho Mirage is a favorite golf destination of former U.S. Presidents. And, it truly is a great golf destination for duffers and pros alike. But more than that, it is a city that is seated within a short distance of all the Coachella Valley’s grandest arts, music concerts, and film festivals, golf, polo, equestrian, and tennis, rocking nightlife, and of course, decadent culinary delights, and bistros of every kind.

For those not looking for grand adventures, Del Webb® once completed, will have a succession of on-site activities, games, and events for those wanting to experience the joy of an active social life with others, just like them.  

What's more, taking care of business and your health is easy when local government agencies, healthful food stores, and the Valley’s top medical centers, Eisenhower Medical and Kaiser-Permanente, are nearby. 

A Home Perfect for Every Lifestyle

Whatever home and lifestyle you can imagine, Del Webb has one that fits your personal family needs and budget. They should, they’ve been building 55+ communities for over 45 years. In fact, they pioneered the concept. That being said, they continually assess the 55+ demographic for shifts in lifestyle, design and desires.

Today’s homes are designed specifically with the amenities and living spaces most wanted by current home buyers. What’s more, with an eye toward energy, environmental conservation and personal cost savings, they utilize the latest in appliance and home building materials and technologies. So besides being beautiful, the homes are comfortable, efficient, and save you money over your lifetime there.

About the Community

When fully built out the community will have a total of 1,029 single-story, single-family detached homes. The homes are Fee Simple, which establishes title and ownership of real property to the homeowners. Your estimated Home Owners Association dues are $337, and the anticipated property and ancillary total tax rate is 1.7%.

On-site, a 20,000 square foot clubhouse will include a courtyard, pickle ball, tennis, and bocce ball courts, covered and outdoor pools, golf simulator, fitness facility, aerobics room, and his and her locker rooms, conference room, a putting green, an event lawn, and more.

Pets are allowed although there is a maximum of three dogs or three cats or three total in combination.

RV parking will be allowed for no more than 48 hours for loading and unloading purposes only.

A Home and Lifestyle to Match Everyone’s Dreams

However you view your life in the California desert, there is a Del Webb® home perfectly suited to you. There are so many different ways to live your life here, whether it’s part-time or full time or somewhere in between. As a quiet refuge from a hectic work or family-life or a high energy retirement packed full of daily fun, there is a home style, size and layout for everyone.

Del Webb® Rancho Mirage offers three series of floorplans. Custom design upgrades are available with approval and at additional cost to the following design series.  

Classic Series

·         1,438+ SF – 1,770+ SF

·         $366,990 - $407,990

Solitude Series

·         1,832+ SF – 2,187+ SF

·         $445,990 - $477,990

Encore Series

·         2,329+ SF – 2,722+ SF

·         $515,990 - $575,990

If you are interested in learning more about these new construction homes, contact Dan Hamilton at 760-625-7229.  Or email him at dan@thehamiltonregroup.com. Dan has all the details on floorpans, available lots and more!

To search for more information about the area or for a home in a neighborhood you would like to explore, visit www.thehamiltonregroup.com

The Hamilton Real Estate Group. Experience the Difference!

Posted in Real Estate News
June 14, 2018

Hamilton MarketWatch Highlight: $1M+ Homes Lead May’s Housing Market

Luxury homes dominated the Coachella Valley’s May housing report with a whopping 42% gain in the number of multi-million dollar homes sold! 

Trendvision’s™ year-over-year (May 2017 vs. May 2018), market statistics indicate that homes priced over one-million dollars are continuing to pick up steam, even as we make our way toward the summer months. 

Most revealing was the Number of Homes Sold for 1+ million dollars is up (42.2%) from May 2017, and Average Sale Prices increased by (5.4%) to $2,519,000. What’s more, the Number of Days it takes to sell one of these goliaths dropped by (6.7%) to 128. 

Looking back at the last few months, the trend we’ve been experiencing in luxury home sales has been steady all year. To be sure, we are showing signs of a late spring calming as indicated by a (15%) increase in the number of Days on Market in May versus, March and April this year.  However, the Average Sales Price for homes sold in May increased by a respectable (4%) for the same period.

La Quinta Luxury Home

What’s Up?

There are many reasons why people may be buying luxury homes—optimism about the future of our nation’s economy, rising home mortgage interest rates, transfer of equity from recent home and stock portfolio gains, and for sure, retirees (ten-thousand-a-month) ready and able to purchase a sweet retirement dream home. Oh, and the fact that, for the past year, there has been a steady decline in the number of luxury homes available for purchase—simply, supply and demand economics at work. 

Homes priced to $499,999

Good news is the Average Sale Price is up by (5%) to $318,000. However, this is the only category to show a decrease in the number of homes sold (-7.3%) to 773. Inventory is still low, 1,780 homes for sale in May 2018, is a decrease of (26%). The Number of Days on Market actually increased to 86 days, an increase of (70.4%). This mixed bag of market indicators isn’t very troubling since the home prices are up and inventory is still low. 

Homes priced $500,000 - $999,999

All indicators in this category are positive. The Number of Homes Sold is 233, or (23.3%), and the Average Sale Price is $708,000, up roughly (1%). The Number of Days on market decreased to 99, a (9.2%) drop, and the Number of Homes for Sale decreased to 974 (-11%).  Overall, May’s statistics don’t signal any concerns.

By the Numbers and City Standouts!

According to TrendVisions™ May housing statistics, the market is still healthy. 

Ten of the eleven cities experienced gains in Average Sale Price, the exception being Coachella. And, once more, Days on Market decreased for nine of the eleven cities. Only Bermuda Dunes and Coachella saw homes stay longer on the market longer, by 35% and 40.5%.

As for the Number of Homes Sold, five cities experienced increases, and 6 decreases in the number of available homes for sale. 

  • Cities with the highest percentage increases in Average Sale Price: Bermuda Dunes (25%); Thousand Palms (24%); Rancho Mirage (16.5%); La Quinta (13.5%); Indio (13%); Palm Springs (10%); Cathedral City (7.6%).
  • Cities with the greatest percentage increases in the Number of Homes Sold: Coachella (80%); La Quinta (10%); Bermuda Dunes (5.3%); Cathedral City (5%); Indio (3%).
  • Cities with the greatest percentage decreases in Number of Days on Market: Palm Desert (-16.8%); Cathedral City (-13.8); La Quinta (13.8%); Rancho Mirage (-10.4%); Palm Springs (-7%); Desert Hot Springs (-7%).

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?  

The Hamilton Real Estate Group. Experience the Difference! 

 

 

Posted in Market Updates
June 8, 2018

24th Palm Springs International ShortFest - Tickets On Sale June 13

ShortFest Films Plumb the Depths of the Human Experience, Imagination and Spirit

For one week in Palm Springs, filmmakers and their fans get to experience the diversity and richness of humanity as captured on film by extraordinary artists from around the globe. The depths of the human experience and mind, its connection to other people, the planet and all living things is explored and brought to life on the screen, in the most creative and original ways imaginable. 

At ShortFest, the rich assortment of films exposes us to stories and experiences that tap into our deepest human emotions—joy, humor, excitement, lust, fear, angst, all are there.  The beauty of ShortFest is that we each get to choose, what rabbit hole we want to go down. 

Opening Night’s Good Vibrations, Offers Filmmakers and Fans, an Outstanding Collection of Feel-Good Films 

According to this year’s schedule of events and films, 2018 is shaping up to be one of the most eclectic and revealing of all. If you are considering going, and you most definitely should, you will want to start your review of the week’s schedule and be prepared to purchase your tickets when On Sale June 13. 

For ticket purchases go to www.camelottheatres.com or call (760) 325-6565

ShortFest is held at the Camelot Theatres, (Palm Springs Cultural Center), 2300 E. Baristo Rd., Palm Springs

Opening Night's Feel-Good Short Films

Bilby

In the deadly desert of Australia, a lonesome Bilby finds himself tied to a helpless baby bird.

Cat Days

Jiro, a little boy, feels sick. His father takes him to the doctor. She diagnoses a harmless condition, but it shakes the core of the boy's identity.

Hair Wolf

In a black hair salon in gentrifying Brooklyn, the local residents fend off a strange new monster: white women intent on sucking the lifeblood from black culture.

Pink Trailer

Best friends Lucy and Julie are spending their summer hiding from a terrorizing neighbor until Lucy runs out of her anti-depressants, and they're forced to fight for their lives.

Wave

A man wakes up from a coma speaking a fully formed but unrecognizable language, baffling linguistics experts from around the globe.

With Thelma

When an Icelandic volcano strands young Thelma’s parents overseas, Jean and Vincent are called into urgent baby-sitting duty.

Brief Overview of ShortFest International Film Festival

As many as 4,200 films are submitted annually and as many as 22,000+ people from around the globe show up to view the 325 best shorts that make the cut. This year’s films will be screened in 90-minute themed programs June 19 - 25. 

A reason why so many films are submitted each year, just may be because more than 100 shorts have gone on to receive Oscar® nominations or awards, and many others have received BAFTA® and Los Premios Goya-qualifying awards. 

The Film Festival and ShortFest are presented by the Film Society under the mission of nurturing new filmmaking talent, honoring the great masters of film, and providing audiences with an appreciation of world cinema.

Palm Springs, Home to World Famous Film Festivals

Palm Springs is the epicenter for many of the world’s most important annual film festivals, and it makes perfect sense. Only two hours from Los Angeles, Palm Springs offers a warm climate, cool movie venues, and the good eats needed to attract world renowned film producers, makers, financiers, and film enthusiasts.

Each year, from January through mid-October, fans and filmmakers from every corner of the planet descend upon Palm Springs to view an eclectic mix of films from every genre, and to catch a glimpse of their favorite celebrities and movie makers.

Click www.PalmSpringsInternationalFilmFestival for dates and times of 2018-2019 Palm Springs Film Festivals.

When you are ready to buy or sell a home around the center of the Palm Springs Film Festival universe, contact Dan or Reuben of the www.HamiltonRealEstateGroup. (760) 625-7229.

The Hamilton Real Estate Group. Experience the Difference!