Dec. 10, 2019

Strong Buyer Activity Drives Home Price Gains in the Palm Springs Area


The Palm Springs Area real estate market continues to show strength, even over the holiday season. Overall buyer activity is strong, and buyers seem to be staying in the market throughout December.  


For buyers feeling like they are having a difficult time finding the perfect home, that feeling is supported by the data. While inventory here is seasonal, with the most homes on the market in April/May, you can see a clear trend over the last three years … 5,819 homes were available for sale in December of 2016, and this month there are 3,983 homes available for sale … that’s a (-31.5%) decrease in available housing over three years!

 

As you might expect, that decrease in inventory is pushing selling prices upward.  The median price for detached homes (single-family) was up (+5.0%) over the same month last year and the median price for attached homes (condos) was up (+3.7%) over last year. 

 

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 last month in the Palm Springs area was $495,474, a (+7.5%) increase over the same month last year. 
  • Number of Days on Market. Homes took longer to sell last month, with days on market rising by (+5.7%) over last year to 74 days. 
  • The Number of Homes for Sale. There were 3,983 homes for sale last month, a (+6.1%) increase over last month and an (-11.0%) decline over November of last year. Inventory continues to be below average, even as we see our usual seasonal increase in available homes for sale.

The consensus of most we talk to who analyze our market is that the current trends will continue through 2021, driven by four key factors: 1) buyers relocating here from more expensive markets, 2) baby boomers retiring here due to our quality of life, 3) continued strength in the 2nd/vacation home market, and 4) strong population and wage growth in the Coachella Valley   

 

Interest rates continue to be very attractive and that will continue to drive new purchases and refinance activity. 30-year fixed-rate mortgages are remaining steady at 3.73% and a 5-Year ARM can be found for 3.36%. The FHA 30-year fixed rate stands at 3.4%, and if you’re financing a larger amount, the Jumbo 30-year fixed-rate are still attractive at 4.0%. 

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Sleek, Cool & Modern!

Always up-to-date with the latest mid-century modern homes for sale in the Palm Springs area!  

Just CLICK HERE:

www.MidModPalmSprings.com

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

 

The Number of Homes Sold in November 2019 vs. November 2018 was down in most cities, with the following experiencing an increase the number of homes sold: Desert Hot Springs (+33.3%), Rancho Mirage (+9.4%), Indian Wells (+6.7%) and  Coachella (+100%). The drop in sales is primarily due to the lack of inventory in the area.

 

When it comes to Average Sold Price, Palm Desert stood out with a strong (+21.3%) increase over last November, with Rancho Mirage right behind with a (+20.1%) increase. Only Desert Hot Springs, Bermuda Dunes, Indian Wells and Indio experienced decreases in average sold prices last month. As is often the case, Indian Wells had the highest average sale price in the area.

 

Homes are selling quicker than they were this time last year in half of the cities in the Coachella Valley. The Number of Days on Market dropped in Bermuda Dunes (-27.7%), La Quinta (-24.7%), Cathedral City (-18.6%), Rancho Mirage (-9.2%), and Palm Desert (-5.2%).

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City Watch - Rancho Mirage 

 

Number of Homes for Sale = 431  (-4.2%)

Number of Homes Sold = 58  (+9.4%)

Average List Price = $1,043,718 (-1.3%)

Average Sale Price = $645,457 (+20.1%)

Average Days on Market = 79 (-9.2%)

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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? 

Nov. 30, 2019

Desert Lifestyle Report - December 2019

Get Festive!

Celebrate The Holidays in Palm Springs!

    

It’s that time of year! This month the Palm Springs area lights up with some great activities for family members of all ages! You’ll enjoy a variety of events taking place in the area, including a night-time Christmas parade, festivities at a local zoo, a triathlon, some excellent holiday theater, and big-name musical acts.

    

And while you’re here, don’t forget to check out the many open houses over the holidays. If you’re considering buying a home, December can be the perfect time to buy as many potential buyers will be busily engaged in the holiday festivities, so you just might be competing with fewer buyers for the ideal home!

 

    

    

Festival of Lights Parade, Dec 7

   

The Palm Springs Festival of Lights Parade kicked off in the early 1990s and has been held every year since on the first Saturday in December. Over the past 27 years, the parade has featured a host of marching bands, local performers, and the Budweiser Clydesdales, Mickey and Minnie Mouse, Snoopy and the Gang — and of course Santa and Mrs. Claus! Everyone enjoys the brightly decorated floats, and it’s the perfect way to get into the Christmas spirit!

 

Click HERE for information on the event.

 

Wildlights, Nov 27 - Dec 28

   

If you haven’t seen The Living Desert, all lit up for Christmas; you won’t want to miss this year’s event! Over a million holiday lights turn the zoo into a winter wonderland, with live music, animal encounters, carousel rides, and the zoo’s G-scale model trains all decked out for the holidays. Food and beverages are available for purchase as well. 

 

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

 

Year-End Ironman Finale, Dec 8

 

If you’re worried about overeating during the holidays, participating in this event that will take that worry away! The grand finale of the North American circuit takes place at IRONMAN 70.3 Indian Wells – La Quinta. This second-year race includes 3,000 participants, over 5,000 spectators, and 1,000 volunteers supporting the event.

 

A one-loop swim takes place in Lake Cahuilla, followed by a fast, flat bike course that travels through the Thermal raceway, and ends at the Indian Wells Tennis Gardens. The event concludes with a run that loops through the Indian Wells Golf Resort, where some of the best spectator viewings will take place.

 

Click HERE for information on the event.

 

Indio International Tamale Festival, Dec 7 - 8

 

It’s your chance to attend an event ranked in the top 10 All-American Food Festivals in the nation by the Food Network. The Indio International Tamale Festival is a special occasion that kicks off the holiday season. More than 300 vendors will be featured, plus a tamale eating contest, five stages of live entertainment, and wine and beer gardens. Attendees will be able to sample a wide variety of tamales, from traditional recipes to vegan and vegetarian options. Best of all ... admission is FREE.

 

Click HERE for information on the event. 

 

Walk of the Inns, Dec 12

   

This unique one-day event provides the opportunity to experience many of the unique boutique inns located near the Palm Springs Tennis Club. Start your free, self-guided tour at the Palm Springs Art Museum, where you can drop off unwrapped toys for Toys for Tots and Well in the Desert, and then grab your map and flashlight. The tour takes you past Palm Springs’ 100-year-old historic inns and boutique hotels, as well as mid-century and historical architecture. This event is free and runs from 5-8 PM.

 

Click HERE for information on the event.

 

Christmas With The Crawfords, Now - Dec 22

   

Christmas can be a little crazed, so why not take in a holiday play about Joan Crawford’s attempts to keep the Christmas spirit of Katherine Hepburn, Judy Garland & other stars from spoiling her big audition. 

 

Click HERE for information and to purchase tickets.

 

The King and I, Now - Dec 22

   

If you haven’t seen the Rodgers and Hammerstein classic that won Tony awards in 1952, 1996, and 2015, now’s your chance. The Palm Canyon Theater presents this classic love story about the King and the young English widow who has arrived to tutor his many children and wives. 

 

Click HERE for information and to purchase tickets.

 

Mary Poppins - Dec 6 - 22

   

Indio’s Desert Theatreworks’ production of this classic tale about an umbrella-toting nanny is sure to be supercalifragilisticexpialidocious! It’s fun for the entire family and a perfect way to celebrate the magic of the holidays.

 

Click HERE for information and to purchase tickets.

 

Listings Down! Sales Down! Prices Up!

    

Our most recent year-over-year, October 2019 vs. October 2018 data shows a slight (-3.9%) drop in the number of homes sold last month in the area. The luxury market continues to perform well, with the number of homes sold up (+60.7%) in the $1M price bracket.  Sales in the under $500K price range remained essential flat last month while the $500,000 - $999,999 price range experienced a (+3.0%) increase in the number of homes sold.

    

 

Average selling prices were up a healthy (+7.2%) in the under $500K price range, a trend that has continued every month so far this year in this price range. Homes priced $500,000 - $999,999 sold for an average of (+1.3%) more this month compared to last year, while homes priced $1M+ experienced a (-5.9%) drop in average selling prices. Keep in mind that the average selling prices of the luxury home category can fluctuate significantly - more so than the other price categories - depending on the mix of homes sold.

 

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 December


 

McCallum Theatre 

  • The Beach Boys, Dec 1
  • Great Russian Nutcracker, Dec 3
  • Waitress, Dec 6 - 8
  • The Colors of Christmas, with Peabo Bryson, Oleta Adams, Ben Vereen & Jody Watley, Dec 13
  • The Storm Large Holiday Ordeal, Dec 14
  • Dave Koz and Friends Christmas Tour 2019, Dec 18

For more information and tickets click HERE.

 

Fantasy Springs Casino

  • Old Dominion, Dec 6
  • Yumiko Cheng & Kayee Tam, Dec 7
  • Golden Boy Boxing, Dec 13
  • A Charlie Brown Christmas, Dec 14
  • Adam Lambert, Dec 20
  • Dionne Warwick, Dec 21

For more information and tickets click HERE.

 

Agua Caliente Casino

  • Comedian Jim Gaffigan, Dec 7
  • Chris Isaak, Dec 13
  • Broadway’s Rock of Ages Band, Dec 28

For more information and tickets click HERE. 

 

Morongo Casino

  • The Charlie Daniels Band, Dec 7
  • Gabriel Iglesias, Dec 14
  • Rick Springfield, Dec 21

For more information and tickets click HERE.

Nov. 15, 2019

Palm Springs Area ... Listings Down! Sales Down! Prices Up!

For a couple of months, it seemed as though our inventory levels were returning towards normal and it looked like we might be returning to our typical market for the season. But we now see another month with inventory levels below the same time last year, with fewer home sales as a result. 


With tightening inventory, if a home is in good condition, in a desirable area, and priced right, it will sell quickly and for close to asking. We are experiencing some multiple-offer situations on highly desirable properties, and o
ur recent experience with several buyers has shown that buyers need to move quickly if they find a home they want.

 

While we anticipate more homes coming on the market over the next few months, the strong buying activity is likely to result in ongoing inventory constraints.

 

Many cities saw a drop in the number of homes sold, but average selling prices continue to remain strong.

 

Our most recent year-over-year, October 2019 vs. October 2018 data shows a slight (-3.9%) drop in the number of homes sold last month in the area. The luxury market continues to perform well, with the number of homes sold up (+60.7%) in the $1M price bracket.  Sales in the under $500K price range remained essential flat last month while the $500,000 - $999,999 price range experienced a (+3.0%) increase in the number of homes sold. 

Average selling prices were up a healthy (+7.2%) in the under $500K price range, a trend that has continued every month so far this year in this price range. Homes priced $500,000 - $999,999 sold for an average of (+1.3%) more this month compared to last year, while homes priced $1M+ experienced a (-5.9%) drop in average selling prices. Keep in mind that the average selling prices of the luxury home category can fluctuate significantly - more so than the other price categories - depending on the mix of homes sold.

 

Interest rates continue to be very attractive, and that is continuing to drive home sales in the 40% of our market that uses a mortgage for their purchase. 30-year fixed-rate mortgages are remaining steady at 3.75% and the FHA 30-year fixed rate stands at 3.22%. If you’re financing a larger amount, the Jumbo 30-year fixed-rate are still attractive at 4.06%. Most experts believe interest rates will remain low over the coming months, making this a good time to refinance or make a home purchase. 

 

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 last month in the Palm Springs area was $463,329, a (+6.05%) over the same month last year. 
  • Number of Days on Market. Homes took longer to sell last month, with days on market rising by (+3.8%) over last year to 82 days. 
  • The Number of Homes for Sale. There were 3,754 homes for sale last month, a slight increase over last month and a (-7.4%) decline over October of last year. While inventory remains below average, if past trends continue we'll see more homes come on the market over the coming months. 

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 Great Value? Check out Monterey Country Club!

Always up-to-date with everything availalble for sale in Monterey Country Club!  Just CLICK HERE:

www.MontereyCC4Sale.com

_____________________________________________________________

 

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

 

Some were up ... some were down! The Number of Homes Sold in October 2019 vs. October 2018 was up in five cities, with about 1/2 of the cities seeing a drop in sales compared to last year: Bermuda Dunes (-28.6%). Palm Springs (-27.5%), Cathedral City (-27.3%), La Quinta (-7.7%), and Desert Hot Springs (-4.8%). 

When it comes to Average Sold Price, Rancho Mirage stood out with an impressive (+22.8%) increase over last October. Cathedral City and La Quinta experienced decreases in average selling prices and Indio was basically flat. 

 

The Number of Days on Market Increased for every city in the Coachella Valley except for Cathedral City, Desert Hot Springs, La Quinta and Palm Desert.

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City Watch - Palm Springs 

 

Number of Homes for Sale = 595  (-8.9%)

Number of Homes Sold = 116  (-27.5%)

Average List Price = $654,333 (-2.85%)

Average Sale Price = $514,943 (+5.1%)

Average Days on Market = 86 (+24.6%)

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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? 

Oct. 27, 2019

Desert Lifestyle Report - November 2019

High Season Is In Full Swing!

From Brew-Fests to Art Festivals, The Events Calendar is Overflowing!

 

The high season is in full swing, and the events calendar is full to overflowing! You'll find something for every interest. We have two brew-fests, the season's first art festival, some wonderful sporting events, and the first big horse show of the seasonAnd we have some great musical events, including shows by Melissa Ethridge, Nelly, Smokey Robinson, and more!

 

Coachella Desert Circuit Horse Show, Oct 30 - Nov 10

   

One of the best equestrian events of the season takes place this month at the Desert International Horse Park in Thermal. The National Sunshine Series is your chance to watch world-class riders and horses compete in this 2-week series of hunter and jumper events. The venue offers a VIP pavilion featuring gourmet cuisine and several other great dining options. 

 

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

 

Greater Palm Springs Pride, Nov 1 - 3

   

The weather will be perfect for Coachella Valley’s biggest LGBTQ gathering of the year. As in years past, the festival features a parade, several music stages, DJs, food vendors, and a variety of local entertainers. So enjoy the three days of fun, food, and dancing, and don’t miss the Saturday night headliners — four-time Grammy® award-winning best-selling girl-group TLC.

 

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

McCormick’s Classic Car Auction, Nov 22 - 24

   

For those passionate about classic cars, it doesn’t get any better than this! For 3 days you’ll see some of the best, hard-to-find, classic cars under one roof at the Palm Springs Convention Center. Admission on Friday is FREE and there will be a Champagne Happy Hour 11am - 12 noon on Friday.  

 

Click HERE for more information and to register as a bidder.

 

Brew in LQ, Nov 2

 

We have two fantastic brew fests, starting with the 5th annual Brew in LQ event on Nov 2. The event features over 15 breweries pouring ales, pilsners, stouts, lagers and more. Local food vendors will be on hand to offer a variety of food, including pizza, burgers, tacos, sandwiches and Vietnamese fusion. Music will be provided by DJ Francesca Harding spinning top pop, hip-hop, R&B, and country hits.

 

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

 

Props & Hops Craft Beer Fest, Nov 23

   

With over 25 craft breweries represented, the 8th annual Props & Hops festival is one of the largest beer fests in the country. Held at the Palm Springs Air Museum, you’ll enjoy aircraft rides on vintage aircraft, a variety of food trucks, including In-N-Out Burger, and live music by The Alley Cats — showcasing the greatest hits of the 50’s & 60’s.

 

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

 

USA Pickleball National Championships, Nov 2 - 10

   

Pickleball is one of the fastest-growing sports in the country, and we are fortunate to host the Margaritaville USA Pickleball National Championships at the Indian Wells Tennis Gardens this month. As the world’s largest pickleball tournament, you’ll witness 2,000 players competing on 45 pickleball courts in 140 different professional and amateur divisions. It’s a great opportunity to experience the Tennis Gardens before the big crowds arrive in March!

 

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

 

Wildlights at The Living Desert, Nov 27-Dec 28

   

If you like The Living Desert, you like it even more all lit up for the holidays! With more than one million holiday lights throughout the park, you’ll get a totally different view of the park at night. Open from 6pm-9pm nightly starting Nov 27, you’ll enjoy hot chocolate & s’mores, visits with Santa Claus, a holiday-themed edition of the model train display, holiday music, and more! Over 30,000 visitors toured the park last holiday season, and this is one of the area’s most popular holiday attractions!

 

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

 

Leslie Jordan, Nov 16-17

   

He was Karen Walker’s nemesis on “Will and Grace”, and Brother Boy in “Sordid Lives”. Now you can see the very funny Emmy award-winning Leslie Jordan’s one-man show, (Over) Exposed!, playing for two nights at the Palm Springs Cultural Center. The show offers real-life stories of his childhood and entertainment career, told in the twisted, humorous way that only Leslie Jordan can!

 

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

 

Rancho Mirage Art Affaire, Nov 9-10

   

Are you ready for the first art festival of the season? You won’t want to miss the Rancho Mirage Art Affaire, where you’ll have two days to admire and purchase a variety of paintings, drawings, sculptures, jewelry and apparel from artists around the country. The event is held at the Rancho Mirage Community Park and will feature food from Acqua California Bistro, a beer and wine garden hosted by the Rotary Club, and a variety of hands-on projects for the kids. Oh, and don’t forget the live music if you love jazz, Mowtown & blues!

 

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

 

Date Harvest Festival, Nov 9

   

In an area known for festivals, we can now add one more to the list — the inaugural Date Harvest Festival! Celebrating one of the valley’s most famous products, the festival will include an Artisan Food Tent, food trucks, a main stage with live entertainment, and a “Harvest Dinner Under The Stars” — a 5-course meal with wine and date pairings. It’s a family-friendly event, so bring the little ones and have a great time!

 

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

 

Cathedral City Hot Air Balloon Festival, Nov 22-24

 

The 6th annual Cathedral City Hot Air Balloon Festival & Food Truck Fiesta — whew … that’s a mouthful! … returns to the area this month. The event brings over 30 whimsical & specialty hot air balloons to Cathedral City for 3 days of family fun. Have a fear of flying? Then try the tethered balloon rides that keep you tethered to the ground! Enjoy 15 of the top food trucks in Southern California and get your group selfies in the Instagram Garden. This year’s event adds the Healthy Life Fest which transforms Town Square Park into a village of lifestyle enthusiasts promoting a healthy lifestyle.

 

Click HERE for information on the event

 

Joshua Tree Half Marathon

 

The Joshua Tree Half Marathon is unique … it’s a challenging 13-mile run through the Mojave Desert just minutes outside of Joshua Tree National Park. Oh, and it starts at sundown! So if you’re up for a tough run through the desert under the stars at night, this one’s for you. The race expo runs from 10am - 5pm at the Joshua Tree Lake RV & Campground, the sun sets at 5:51 and the race starts at 6:15pm.

 

Click HERE for information and registration details

 

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  To Receive the Desert Lifestyle Report by Email Each Month, Click HERE!

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More Homes Sold In The Palm Springs Area Last Month

 

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!

 

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 biggest jump in average selling prices was in the $1M+ price range, with a (+14.6%) increase 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. 

 

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 November

McCallum Theatre

  • Melissa Etheridge, Nov 14
  • Bill O’Reilly, Nov 15
  • The Kingston Trio, Nov 17
  • Mannheim Steamroller Christmas, Nov 29
  • John Tesh, Nov 30

For more information and tickets click HERE.

 

Fantasy Springs Casino

  • Los Tigres Del Norte, Nov 8
  • Sara Evans, Nov 15
  • Paul Anka, Nov 22
  • Golden Boy Boxing, Nov 23

For more information and tickets click HERE.

 

Agua Caliente Casino

  • Tower of Power & Average White Band, Nov 2
  • Nelly, Nov 9
  • Smoke Robinson, Nov 23

For more information and tickets click HERE.

 

Morongo Casino

  • Wayne Brady, Nov 8
  • Mike Epps, Nov 22

For more information and tickets click HERE.

 

Pappy & Harriet's

  • Jesika Von Rabbit, Nov 1
  • Cherie Currie & Brie Darling, Nov 9
  • One Republic, Nov 15
  • Meat Puppets, Nov 30

For more information and tickets click HERE.

 

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  To Receive the Desert Lifestyle Report by Email Each Month, Click HERE!

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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

_____________________________________________________________

 

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.    

_____________________________________________________________

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%)

_____________________________________________________________

 

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.

_____________________________________________________________

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:

www.FindYourDesertHome.com

_____________________________________________________________

 

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%)   

_____________________________________________________________

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

_____________________________________________________________

 

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%)

___________________________________

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. 

 

———————————————-

The Hamilton Real Estate Group

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

———————————————-

 

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.