Oct. 11, 2019

More Homes Sold In The Palm Springs Area In September!

It’s official … our seasonal visitors are quickly returning to the desert and we are fast entering the prime selling season here in the Palm Springs area. The transport vehicles are dropping off cars from the north, the Costco is busy with visitors stocking their winter homes for the season, and it’s starting to get a bit more challenging to book that favorite restaurant!

 

And for real estate, it’s time for many of those renters to start their search for a more permanent place they can call “home” when they’re here in the desert.

 

We’re starting to see a return to normal inventory levels, and we anticipate more homes coming on the market as we move into the new year. Buyer activity is above normal levels for this time of year, and we may be seeing the trend of few homes sold compared to last year start to reverse itself. 

 

Most cities experience an increase in home sales last month and there were strong price gains in most cities as well. Homes did take a bit longer to sell, but the strength in the market this time of year could indicate good news for sellers as we move in to the new year.

 

Our most recent year-over-year, September 2019 vs. September 2018 data shows (+8.4%) more homes sold last month in the area. The luxury market continues to perform well, with the number of homes sold up (+37.5%) in the $1M price bracket.  The $500-$999,999 price range showed strength last month with a healthy (+17.7%)  increase in the number of homes sold. The under $500K price range was up (+3.4%) with 546 units sold.

The the biggest jump in average selling prices was in the $1M+ price range, with a (+14.6%) increas in average selling price. The under $500K price range showed a modest (+4.4%) increase in selling prices and selling prices in the $500-$999,999 price range showing a slight (-1.6%) decline. 

 

Interest rates remain near record lows, and that is a clear contributor to the strength of our market. 30-year fixed-rate mortgages are remain steady at 3.375% and the FHA 30-year fixed rate has dropeed 2.75%. If you’re financing a larger amount, the Jumbo 30-year fixed rate are still attractive at 3.75%. If you're not in the market to purchase a home, it make be worth considering a refinance ... many clients are able to reduce their payment by $200-$300 per month with current rates.

 

Let’s look at the three key market indicators, Average Sold PriceNumber 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. The average home sale price rose to $466,097 in the Palm Springs area last month, a (+9.6%) over the same month last year. 
  • Number of Days on Market. Homes took longer to sell last month, with days on market rising by (+12.5%) to 90 days. This is a change in recent trends and is consistent across all price levels. 
  • The Number of Homes for Sale. There were 3,728 homes for sale last month, a slight (-1.1%) decline over September of last year. If typical seasonal trends hold true, this should be the low point for inventory for the year, and we should start to see a greater selection of homes available for sale from now through April. 

We'll be keeping an eye on these trends as rumors of a pending recsession, the upcoming election cycle, and a recent trend of rising prices in the area could all have an impact our local real estate market.

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Looking For That Perfect Mid-Century Modern?

Always up-to-date with the most recent mid-century modern homes for sale in the greater Palm Springs area!  Just CLICK HERE:

www.MidModPalmSprings.com

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

 

We continue to see strong gains in home sales, and the data supports our anecdotal evidence of strong buyer activity throughout the year. The number of Homes Sold was up in all but two cities last month. Indian Wells (+25%), La Quinta (+15.5%), and Ranch Mirage (+14.5%) saw the biggest sales increases over the same month last year, with Indio showing a strong (+10.2%) increase. Home sales dropped (-16.7%) in Coachella and Palm Desert saw a small dip in sales, down (-3.9%).

Once again we see selling prices up in most cities, with all cities except for Palm Springs, Indio, and Desert Hot Springs showing price gains. The biggest percentage gains last month were in Coachella (+98.2%), followed by Indian Wells (+52.4%), La Quinta (+12.3%). And no, that's not a typo for Coachella ... with only 10 units sold, and one of them for over $1.7M, that big sale had a dramatic impact on the average for the month of September.    

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City Watch - Desert Hot Springs 

 

Number of Homes for Sale = 201 - Up (+5.2%)

Number of Homes Sold = 39 - (+8.3%)

Average List Price = $299,737 (+8.8%)

Average Sale Price = $209,569 (-5.01%)

Average Days on Market = 59 (-3.3%)

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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'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?

Sept. 28, 2019

Desert Lifestyle Report - October 2019

   

Kick Off The Season With Golf Cars, Classic Cars, Music & Mindfulness!

With our beautiful winter weather making an early return, it's the perfect time to return to the desert!  We have some great outdoor events to get you back in the mindset of relaxing and enjoying all our desert has to offer.  There is something for everyone, including some big-name musical acts returning to the area. And our favorite venue, the McCallum Theatre, re-opens this month, so get ready for a big event-filled season here in the Palm Springs area.

   

Modernism Week Fall Preview, Oct 17-20

   

It’s not too late to get your tickets to one of fall’s biggest events … Modernism Week Fall Preview. This is your chance to explore some of the best mid-mod architecture in the greater Palm Springs area without the big crowds that accompany the main event in February.  There are still tickets available for the popular bus tours and the weather will be perfect for one of the many neighborhood walking tours on the schedule. And of course, you won’t want to miss your chance to purchase awesome mid-century modern furnishings and accessories from over 40 exhibitors at The Fall Edition of the Palm Springs Modernism Show & Sale!

 

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

 

Palm Desert Golf Cart Parade, Oct 27

   

It’s time for the 55th annual Palm Desert Golf Cart Parade! The event kicks off with the Rotary Pancake Breakfast at 8 am and there will be a family & community “fun zone” with food trucks and specialized golf carts and classic cars on display prior to the parade. The beer and wine garden opens at 10 am and the parade starts at noon with a flyover by the Palm Springs Air Museum Warbird T-28’s. You’ll enjoy the festively decorated golf carts and marching bands … a perfect way to bring in the season here in the desert!

 

Click HERE for information on the event.

 

Joshua Tree Music Festival, Oct 10-13

 

Let’s get started with the first major music festival of the season … the Joshua Tree Music Festival! This festival focuses on providing passionate creativity, community empowerment, and arts education for all ages … and it’s one of the only family-friendly music festivals in the country. You’ll enjoy up-and-coming artists from around the world and many events that focus on mindfulness and meditation, including a full schedule of yoga classes. Browse the many art installations from unique visual artists and do a little shopping at the World Market. So come to the high desert and get a little “chill” before the hectic busy season begins!

 

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

 

Palm Springs Triathlon, Oct 26

 

The crown jewel of the HITS Triathlon Series takes place in Lake Cahuilla park in La Quinta this month. With five distances featured, including an “open” triathlon designed especially for beginners, and half and full triathlon races, the event has something for every skill and endurance level. There’s still time to register … registration closes on Oct 23 … so don’t miss out on your chance to swim, bike and run to your first big win!

 

Click HERE for information on the event, including registration info. 

 

Business Expo & Taste of Palm Springs, Oct 15

   

Enjoy a gorgeous evening at Colony 29, Palm Springs’ premier corporate event venue, where you’ll explore the service offerings of local businesses while tasting food from 35 of the area’s best restaurants, all for the price of a $25 wrist band! Local bands will provide musical entertainment and the setting is really fantastic! Check out this video from last year’s event: Taste of Palm Springs

 

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

 

Big Bear Yoga Festival, Oct 5

   

Head to the mountains just a short drive from Palm Springs and enjoy a full day of activities focused on music, movement, health, and fun! You’ll enjoy the serenity of Big Bear and experience a wide range of yoga classes — many are free but do require registration — live music and guided meditation, along with lots of amazing vendors! Keynote speaker NFL All-Pro football player Keith Mitchell will be featured, and several post-session events will be held on Sunday, Oct 6.

 

Click HERE for information on the event and to register for the event.

 

   

Home Sales Return to Normal & Price Gains Continue!

   

Trendvision’s® most recent year-over-year, August 2019 vs. August 2018 Report shows (+1.3%) more homes sold last month. The number of homes sold was up (+60.7%) in the $1M price bracket, and down (-3.0%) in the $500-$999,999 price range, and essentially flat for homes selling for under $500,000.

   

Inventory has returned to normal as well — there were 2,628 homes available for sale in August — and we should be experiencing our typical seasonal increase in the number of homes available for sale over the coming months. There was virtually no change in inventory compared to the same time last year in all price brackets, and that’s great news for buyers as many of our buyers are struggling to find the perfect home at the present.

 

   

Average selling prices rose (+7.2%) for homes priced under $500K and the $500,000-$999,999 price band saw a slight  (+1.3%) increase in average selling prices. Homes priced $1M+ saw sales prices drop (-5.9%)  compared to the same month a year ago.

   

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 Concerts and Live Performances In October

 

 

McCallum Theatre

  • Gala de Mariachi, Oct 19
  • The Adams Family, Oct 24-27

For more information and tickets click HERE.

 

Fantasy Springs Casino

  • Steve Martin & Martin Short, Oct 5
  • Teddy Robb, Oct 10
  • Experience Hendrix w/Billy Cox & Joe Satriani, Oct 11
  • We Will Rock You, Oct 12
  • Big & Rich, Oct 25
  • Loverboy, Oct 26

For more information and tickets click HERE.

 

Agua Caliente Casino

  • Tyler Henry, The Hollywood Medium, Oct 12
  • REO Speedwagon, Oct 18
  • J Balvin, Oct 25

For more information and tickets click HERE.

 

Morongo Casino

  • Patti LaBell, Oct 4
  • Sheila E, Oct 10
  • Englebert Humperdink, Oct 25

For more information and tickets click HERE.

Sept. 11, 2019

Home Sales Return to Normal & Price Gains Continue

 

With our summer selling season coming to an end, we continue to see strong buyer activity and home sales in the greater Palm Springs area as we move into the high season. Home sales, which had been below normal for this time of year most of the summer, have recovered, and we’ve seen the number of homes sold over the last three months at about the same levels as we did this time last year. 

 

Inventory has returned to normal as well — there were 2,628 homes available for sale in August — and we should be experiencing our typical seasonal increase in the number of homes available for sale over the coming months. There was virtually no change in inventory compared to the same time last year in all price brackets, and that’s great news for buyers as many of our buyers are struggling to find the perfect home at the present. 

 

We saw home sales rise (+1.3%) overall in August and average selling prices continued to rise this month, with home prices rising in virtually all cities across the valley.

 

Trendvision’s® most recent year-over-year, August 2019 vs. August 2018 Report shows (+1.3%) more homes sold last month. The number of homes sold was up (+60.7%) in the $1M price bracket, and down (-3.0%) in the $500-$999,999 price range, and essentially flat for homes selling for under $500,000.

 

Average selling prices rose (+7.2%) for homes priced under $500K and the $500,000-$999,999 price band saw a slight  (+1.3%) increase in average selling prices. Homes priced $1M+ saw sales prices drop (-5.9%)  compared to the same month a year ago.

 

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 3.375% and the FHA 30-year fixed rate is 3.125%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are still attractive, at 3.75%.

 

Let’s look at the three key market indicators, Average Sold PriceNumber 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 (+9.5%) over the same month last year, and when looking at the last quarter's data you see the same trend — a (+7.8%) increase in average selling prices. 
  • Number of Days on Market dropped (-6.9%) compared to August of last year, consistent with the trend for the last 3 months. The biggest change was in the under $500,000 price range,  where Days on Market fell  (-11.9%), followed by homes priced $1M+ with a  (-4.9%) decrease. Days on Market for homes priced $500,000 - $999,999 rose slightly, showing a (+2.2%) increase over the same time last year.
  • The Number of Homes for Sale. There were 2,628 homes for sale last August, virtually unchanged from August of last year. August is typically the month with the fewest homes on the market, and I would expect to see more homes coming on the market starting next month and increasing through the spring of 2020. 

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

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Better Search Than Zillow!

Check out our home search that lets you search by

community, architectural style, HOA fees,

and much more! Just click here:

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

 

As we saw last month, once again the number of Homes Sold was up in half of the cities for August 2019 vs. August 2018. Sales were up the most in Coachella (+60.-%), Indian Wells (+10.5%), Bermuda Dunes (+9.1%), and Palm Springs (+6.2%). The biggest percentage drop in sales was found in Cathedral City (-8.6%), Palm Desert (-5.6%) and  Desert Hot Springs (-4.8%).

Average selling prices were up across the board, with all cities except for Rancho Mirage and La Quinta showing price gains. The biggest percentage increases last month were in Indian Wells (+41.1%), followed by Bermuda Dunes (+22.8%), Coachella (+18.4%), and Palm Springs (+15.8%)   

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City Watch - Indio 

 

Number of Homes for Sale = 289 - Down (-6.2%)

Number of Homes Sold = 117 - No Change

Average List Price = $452,000 - Up (+2.5%)

Average Sale Price = $345,000 - Up (+4.5%)

Average Sale Price Per Sq. Ft. = $177 - Up (+2.9%)

Average Days on Market = 70 - No Change

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The Number of Days on Market was down in five cites last month, with these cities showing an drop:  Bermuda Dunes (-30.5%), Desert Hot Springs (-27.9%), Desert Hot Springs (+18.4%), while Palm Desert and La Quinta both saw Days on Market drop (-14.3%). 

 

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'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?

Aug. 29, 2019

Desert Lifestyle Report - September 2019

  

More Films! More Great Music! More Fun!

As we move into fall here in the desert, we're still finding a lot of great activities for visitors and residents alike. We continue our tradition of hosting some of the best film festivals in the world, with both the Cinema Diverse and WUTI film festivals in the area this month.  And for something a little different, check out the free 1950's sci-fi movie screenings this month at Sunnylands. And of course, as always, we have some fantastic musical acts coming to our local venues. So come on out and visit us before all of our winter visitors return for season!

 

   

Sunnylands: Films on the Great Lawn

In partnership with the Palm Springs International Film Festival, Sunnylands presents three awesome 1950's sci-fi films on the great lawn during September. And the best part? They are FREE. Screenings are scheduled as follows:

  • Invasion of the Body Snatchers - Sep 13
  • The War of the Worlds - Sep 20
  • The Thing From Another World - Sep 27

Gates open at 7:00 pm and the movie starts at 7:30 pm.

 

Click HERE for information.

 

Safari Nights @ The Living Desert

Enjoy the sights and sounds of Africa every Friday evening at The Living Desert in Palm Desert. Experience the park at night and watch the zebra, cheetah, giraffe, leopard, and jaguar under the light of the moon. There will be special activities for the kids and the band Vintage Vibe plays in the Palm Garden. Safari Nights takes place Sep 6, 13, 20 & 27 from 7:00 - 9:30PM.

 

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

 

The Women Under The Influence (WUTI) Film Festival

WUTI goes Idyllwild! WUTI is a community committed to raising awareness of female directors and their stories, and helps shine a light on female-directed films that often get overlooked in the mainstream. Idyllwild becomes home to the WUTI Film Festival Sep 20-22.

 

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

 

Oktoberfest Parking Lot Party: Coachella Valley Brewing Co.

To Celebrate the start of the Oktoberfest celebrations in Germany, the Coachella Valley Brewing Co. is hosting the Kick-Off Parking Lot Party at the brewery on September 21 from 12:00-9:00PM. Featuring eight musical acts and lots of games & prizes — including keg bowling, the mug hold, trivia, and a keg toss — this is the perfect way to get in the fall spirit!

 

Click HERE for information on the event.

 

Cinema Diverse: The Palm Springs LBGTQ Film Festival

Featuring feature films and short films from aroung the world, Cinema Diverse celebrates the best of LGBTQ film making.  Each weekend will feature original content as well as question and answer sessions with the filmmakers. The film festival takes place September 19-22 at the Camelot Theater in Palm Springs and September 27-28 at the Mary Pickford Theatre in Cathedral City. 

 

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

Modernism Week Fall Preview, Tickets on Sale Now

Just a reminder that the Modernism Week Fall Preview takes place October 17-20 and popular events sell out quickly. If you're planning on attending, click on this link for a schedule of events and to purchase tickets: Modernism Week Fall Preview.

 

 

   

Increased Inventory Drives Sales Upwards!

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.

 

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 Concerts and Live Performances In September

Fantasy Springs Casino

  • Brian Wilson & The Zombies - Sep 1
  • Brian Adams - Sep 13
  • Doobie Brothers - Sep 14
  • Luis Fonsi - Sep 20
  • Rob Thomas - Sep 21

For more information and tickets click HERE.

Agua Caliente Casino

  • Duran Duran - Sep 5 (sold out)
  • Steely Dan - Sep 21

For more information and tickets click HERE.

    

Morongo Casino

  • 98 Degrees - Sep 20

For more information and tickets click HERE.

 

The Cave - Big Bear

  • Black Flag - Sep 7
  • Scott Stapp - Sep 13
  • Plain White T’s - Sept 14
  • Gary Puckett & the Union Gap - Sep 21

For more information and tickets click HERE.

Aug. 13, 2019

Home Sales Are Up, Driven By An Increase In Inventory

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 PriceNumber 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, consistent 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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July 28, 2019

Deserty Lifestyle Report August 2019

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.

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.

July 15, 2019

Strong Buyer Activity Pushes Prices Upward!

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 PriceNumber 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?

June 30, 2019

Desert Lifestyle Report - July 2019

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.

June 17, 2019

Homes Are Selling Faster, Prices Are Trending Up!

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?

 

May 31, 2019

Desert Lifestyle Report - June 2019

 

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.