Nov. 29, 2018

Desert Lifestyle Report - December 2018

It’s the Holidays -- Celebrate with Family & Friends in Stunning Palm Springs!

   

   

If you’re staying at home in Palm Springs for the holidays, just visiting friends or family, or getting away from it all for the holiday season, local entertainment, festivals, and events are rampant and ready for you to participate! It really is the most wonderful time of the year in Palm Springs during the holidays, with many different Christmas concerts and famous personalities visiting to make your holidays merry and bright.

 

If you’re into shimmering lights, we have a few fantastic shows you’ll want to view, as well as arts festivals, holiday festivals, food festivals, and sporting events. Grab that special someone or book some tickets while family and friends visit to celebrate the tastes, sights, and sounds of an amazing holiday season.

Robolights, Nov 22-Jan 8

Artist Kenny Irwin, a local Palm Springs artist, created Robolights -- a unique and vast display of thousands of holiday lights with magical art installations included. Robolights cover acres of land and eclectic art abounds. Open from Nov 22nd, 2017 through Jan 8th, 2018, 4:00 P.M. to 9:30 P.M. This event is free, and runs from 6-10 PM.

     

Get Details on Robolights Here

        

Candy Cane Lane, Nov 22-Jan 1

     

Cathedral City’s famous Candy Cane Lane is located on Minerva Road and runs from the last week of Nov to Jan 1. It’s free to walk around the neighborhood and view 50 different homes decorated with lights.

Click Here For Info on Candy Cane Lane

   

Festival of Lights Parade, Dec 1

The Festival of Lights Parade feares lighted floats, bands, autos, equestrians, and celebrities for your entertainment. This is a top-rated, fun-filled event for you, your family, and your friends to experience this holiday season. The event is free, and it runs through Palm Canyon between Ramon Road and Tamarisk in downtown Palm Springs from 5-8 PM.

     

Learn More About the Festival of Lights

        

Walk of the Inns, Dec 13

Walk of the Inns happens on Palm Canyon Drive, and starts at the art museum, where you can drop off unwrapped toys for Toys for Tots and Well in the Desert. At the museum, grab a map and a tiny flashlight to guide your way down Ramon Road and Tahquitz Canyon Way. The tour takes your 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.     

Get More Info on The Walk of the Inns

        

Desert Arts Festival, Dec 8 & 9

     

The Desert Arts Festival features local and national artists presenting work in fine art, painting including acrylic, oils, and watercolor, and photography. You will also find etchings and clay, glass, metal, wood, and stone sculptures. The event is free, located at 538 N. Palm Canyon Drive, and runs from 10 AM on Saturday to 5 PM on Sunday.

     

Find Out More About the Desert Arts Festival

        

Indio International Tamale Festival, Dec 1 & 2

If snacking is more your style, check out the Indio Tamale Festival, running Saturday 10-6 and Sunday 10-5. This festival was voted a one of Food Network’s top 10 food festivals, and features Mr. Tamale. The festival is free, and carnival tickets cost $25 per wristband for unlimited rides or $1.30 for one ticket. The carnival runs Nov 30, 5-10; Dec 1, 10 AM-10 PM; and Dec 2 10 AM-6 PM.

     

Get Details on the Tamale Festival

 

Hairspray at Palm Canyon Theatre, Nov 30-Dec 16

This musical classic is a Palm Springs favorite featuring the raucous adventures of 1963 teenage girls Tracy Turnblad and Penny Pingleton. The show runs from Friday, Nov 30 to Sunday Dec 16, with shows at 2, 7, and 8 PM. Tickets are $32-36.

     

Get Your Tickets to Hairspray Here

 

Wildlights at The Living Desert, Nov 23-Dec 24

The Living Gardens is a fun family destination in Palm Springs, and features Wildlights from November through December running from 6-9 PM. Adult tickets are $12; members, children over three, and military members and veterans are $10 with I.D. Children under three are free.

     

Check Out Wildlights Here

 

Ironman 70.3 at the Indian Wells La Quinta, Dec 9

For something completely different, the Ironman 70.3 competition is the way to go. You can participate or just observe the athletes at the first-ever Indian Wells La Quinta Ironman event. There are 30 qualifying slots for the 2019 World Championship in Nice, France. General entry for competitors ranges from $275-$425, and spectator VIP tickets range from $50 to $200, with discounts offered for parties of 5 or more.

     

Get more Info on the Ironman Here

Palm Springs Area Home Prices Continue to Rise!

Inventory Constraints Continue to Ease, Sale Prices Continue to Rise

As we enter into our busiest time of year, we are seeing modest improvement in inventory levels, solid sales numbers, and a continued rise in average sale price. Inventory constraints showed improvement this month, with the number of homes available for sale (-13.3%) below October of last year. That number is an improvement over the (-15%) we experienced the prior month. At the same time, the number of homes sold remained stable, while average selling prices rose nearly (+8%).

Trendvision’s® most recent year-over-year, October 2018 vs. October 2017 Report show that the largest increase in home sales last month once again took place with mid-range homes priced $500,000 to $999,999, with a (+15.9%) increase.  Home sales dropped slightly in the Under $499,999 price point, but average selling prices in both of these categories rose last month.

Homes in the $1M+ price range saw a (+8.3%) increase in number of homes sold and a substantial drop in the number available for sale, down (-15.3%), while average selling price remained virtually the same as the same time last year.

Low Inventory Eases yet Homes Are Selling Quicker. Our Local Market Stays Strong!

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

  • Average Home Sold Prices rose overall in the Palm Springs area by (+8.1%) over the same month last year. The under $500,000 price range saw the biggest increase, (+6.9%) over October of last year, and the $500,000-$999,999 price range saw average selling prices rise (+3.0%). 
  • Number of Days on Market dropped (-13.5%) overall compared to October of last year, with the biggest change in the $500,000-$999,999 price range, with a (-23.7%) reduction in Days on Market over the same period last year. Homes priced $1M+ took longer to sell, with Days on Market rising by (+34.8%) to 151 days.
  • The Number of Homes for Sale, recently at a 5-year low, was (-13.3%) lower than October 2017. For homes priced up to $499,999, inventory was (-17.9%) lower than last year, and buyers looking in this price range are finding it challenging to find good properties that meet their needs.

While inventory woes have eased somewhat, as we have seen all year, buyers have fewer homes to choose from, and sellers are finding they can command higher prices for their homes if they are in good condition and properly priced.

     

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

     

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

     

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

     

The Hamilton Real Estate Group. Experience the Difference!

     

Selected Best Concerts and Live Performances In December

Fantasy Springs Resort

Tony Orlando, Dec 1

Tony Bennett, Dec 7

Paulina Rubio, Dec 15

Brian Setzer Orchestra, Dec 21

     

For more information and tickets click HERE.

 

McCallum Theatre

Lyle Lovett, Dec

Rita Rudner, Dec 9

LeAnn Rimes, Dec 15

The Nutcracker, Dec 178

Dave Koz, Dec 18

     

For more information and tickets click HERE.

 

Agua Caliente Casino, Resort & Spa

José Feliciano, Dec 6

Penn & Teller, Dec 7

Barry Manilow Christmas, Dec 15-16

     

For more information and tickets click HERE.

Nov. 14, 2018

Palm Springs Area Home Prices Continue to Rise!

 

Inventory Constraints Continue to Ease, Sale Prices Continue to Rise

As we enter into our busiest time of year, we are seeing modest improvement in inventory levels, solid sales numbers, and a continued rise in average sale price.

 

Inventory constraints showed improvement this month, with the number of homes available for sale (-13.3%) below October of last year. That number is an improvement over the (-15%) we experienced the prior month. At the same time, the number of homes sold remained stable, while average selling prices rose nearly (+8%). 

 

Trendvision’s® most recent year-over-year, October 2018 vs. October 2017 Report show that the largest increase in home sales last month once again took place with mid-range homes priced $500,000 to $999,999, with a (+15.9%) increase.  Home sales dropped slightly in the Under $499,999 price point, but average selling prices in both of these categories rose last month. 

 

Homes in the $1M+ price range saw a (+8.3%) increase in number of homes sold and a substantial drop in the number available for sale, down (-15.3%), while average selling price remained virtually the same as the same time last year.

 

Low Inventory Eases yet Homes Are Selling Quicker. Our Local Market Stays Strong!

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

  • Average Home Sold Prices rose overall in the Palm Springs area by (+8.1%) over the same month last year. The under $500,000 price range saw the biggest increase, (+6.9%) over October of last year, and the $500,000-$999,999 price range saw average selling prices rise (+3.0%). 

  • Number of Days on Market dropped (-13.5%) overall compared to October of last year, with the biggest change in the $500,000-$999,999 price range, with a (-23.7%) reduction in Days on Market over the same period last year. Homes priced $1M+ took longer to sell, with Days on Market rising by (+34.8%) to 151 days.

  • The Number of Homes for Sale, recently at a 5-year low, was (-13.3%) lower than October 2017. For homes priced up to $499,999, inventory was (-17.9%) lower than last year, and buyers looking in this price range are finding it challenging to find good properties that meet their needs.

While inventory woes have eased somewhat, as we have seen all year, buyers have fewer homes to choose from, and sellers are finding they can command higher prices for their homes if they are in good condition and properly priced.

 

Find your perfect desert home here: www.FindYourDesertHome.com 

 

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

 

 

Last month, as indicated above, the Number of Homes Sold in October 2018 vs. October 2017 were down in all but three of the cities, with an increase in the number of home sold in: Rancho Mirage up (+44.7%), Palm Desert up (+0.7%), La Quinta up (+11.6%). The largest percentage decline in home sales was in Bermuda Dunes (-36.4%) followed by Indian Wells with (-13.3%).

 

When looking at Average Sold Price, Bermuda Dunes saw the largest percentage increase with a (+33.2%) rise in average selling prices, with La Quinta and Indio following behind with (+15.9%) and (+13.3%) increases respectively. The largest drop in average selling prices last month was Rancho Mirage with a (-12.0%) drop in average selling prices.

 

The Number of Days on Market decreased by over 30% for four cities … Palm Desert (-35.2%), Bermuda Dunes (-34.5%), Rancho Mirage (-33.3%), Indian Wells (-32.5%) … with La Quinta and Coachella seeing an increase in time to sell of (+31.5%) and (+24.5%) respectively.

 

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. 4, 2018

Cathedral City - Living Life in the Open Air

Are you looking for a place to get away for a weekend, a night, or a few weeks or months out of the year? You may be looking for an affordable yet chic place close to home, or a place to spend family vacations or couples getaways near popular Palm Springs. Cathedral City, known locally as “Cat City,” is nestled between Palm Springs and Rancho Mirage in the spectacular Coachella Valley of Southern California. The San Bernardino, Santa Rosa, San Jacinto, and Little San Bernardino mountains surround the valley in soaring natural rock; the city is named for Cathedral Canyon’s glorious rock formations which reminded Colonel Henry Washington of a cathedral in 1850.

Amenities

Cathedral City got its start in 1925, and was home to Depression-era nightclubs, including the famous Dunes. Cathedral City experienced a revitalization in 2005, including a new city hall, the Mary Pickford theater, and 130 acres of shopping areas. The Pickford theater carries on the tradition of bright, desert architecture and modern amenities, including a bar and deli. Cathedral city is home to popular golfing destinations, including the casual Cimmaron and the luxurious Desert Princess. The Date Palm Country Club is nearby, designed by Ted Robinson with 3,100 yards of golfing pleasure.

Lifestyle

Cathedral City lifestyle is geared toward families and couples, with so much to do for both. Desert lifestyle is present in outdoor activities like luxury golfing, canyon hiking, and sports. Suzanne Somers grew up in Cathedral City, and Robert Duvall, Martin Landau, and Timothy Bradley (welterweight champion) spent time here. Frank Sinatra is buried in the Desert Memorial Park cemetery, as are Jane Wyman, William Powell, and Sonny Bono. Lalo Guerrero lived in Cathedral City, as well. With such a rich cultural and historical background, it’s no wonder Cathedral City has become a destination for more than snowbirds.

Key Attractions

Cathedral City’s picturesque Hot Air Balloon Festival is coming up on November 16th-18th. Kaleidoscopic color blazing out of the striking desert landscape is a view not to be missed. The festival is a local tradition welcoming visitors and new residents with a Food Truck Mash-Up, Balloon Glow and Breakfast, a Balloon Race, and a Swing Dance with Big Bad Voodoo Daddy at Mission Hills Resort and Spa. An outdoor market and hot air balloon rides are also included.

If you like to stay outdoors during the cooler months in Cathedral City, hiking the many stunning Canyons in the area is the perfect way to spend time with your family, spouse, or companion, enjoying Cathedral Canyon, Indian Canyons, Tahquitz Canyon, and the Cactus to Clouds Hike in the San Jacintos. Wrap up the day at the Coachella Valley Brewing Company in nearby Thousand Palms.

Real Estate Options

If you love Cathedral City as much as so many others do, and decide to purchase real estate in the area, options range from modern single family homes to low-maintenance condominiums with sweeping golf course and mountain views. 

Whether you’re looking for a perfect place to get away from the snow for six months out of the year or a relaxing, low-key vacation in an inviting yet historical place, Cathedral City’s current affordability and rapidly growing real estate market has what you’re looking for.

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

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

The Hamilton Real Estate Group. Experience the Difference!

Oct. 29, 2018

Desert Lifestyle Report - November 2018

Celebrate in Style with Fall-themed, Fabulous Activities for All! 

Palm Springs is really the place to live and visit as the weather in other parts of the country starts to get colder and more unpleasant. Until springtime, the desert lifestyle reaches new heights, including classic car and home show events; art and musical performances; a popular pride parade and hot air balloons; comedy; and pickelball, horses, and craft beer. If you’re looking for entertainment, you’ve come to the right place! Venture out into the spectacular fall weather and experience everything the greater Palm Springs area has to offer...and then some! See you out there!!! 

 

HITS Coachella Desert Circuit Horse Show, Oct 31-Nov 11 

Experience eight weeks of the National Sunshine Series I and II and USEF premier-rated hunters and jumpers with prizes of almost $3 million at the best Southern California show grounds. Located in Indio.

http://www.hitsshows.com/national-sunshine-series/national-sunshine-series-510  

 

Palm Springs Pride Festival, Nov 2-4 

Experience one of the best pride festivals in the country with a parade and Pride Week. The whole she-bang kicks off on November 1st at 5:00 pm. The Spirit of Stonewall Street Party starts at 6:00 on the 2nd, and the parade in on the 4th.

https://pspride.org

 

National Pickelball Championships, Nov 3-11 

The Margaritaville Championships includes any and all previous medalists from other championships. The events are held in Indian Wells, California.

https://www.usapa.org/2018-usapa-national-championships/ 

 

Joshua Tree Improv/Comedy Festival, Nov 9-11 

Featuring award-winning stand-up comedy and improv troupes and workshops, the opening gala starts at 6:30, followed by THE VERY NICK & ZACH SHOW and Adam Yenser. Also featured are Jepherson Guevera, Jen Murray, and Patrick Bucher. Tickets are $15-$35.

http://jtimprovfestival.org/ 

 

McCormick’s Classic Car Show & Auction, Nov 16 

McCormick’s is a local family-run classic and exotic car business that sponsors this even every year. Friday is fee all day and Saturday and Sunday are $15 per day or $25 for both days. Tickets can be purchased at the gate. Call 760-320-3290 fore more information or go to http://www.classic-carauction.com.

http://www.classic-carauction.com/Auction-65

 

Desert Living Home Show, Nov 16-18 

If you’re looking to remodel, landscape, or redecorate a home in the Palm Springs area, this show is for you. It’s also great for builders in the Greater Palm Springs Area, contractors, and design pros who want to get the word out and offer great advice to clients. Helpful hints for homeowners abound and tickets are only $8.

https://desertlivinghomeshow.com

 

Props & Hops Craft Beer Festival, Nov 17 

Sponsored by Babes Brewery, Hot Purple Energy, and P.S. Resorts, this festival features more than 25 craft breweries, aircraft rides, food trucks, and live music. This one’s only for those over 21 years of age, and features a VIP hour from noon to 1 pm. General admission tickets are $40, and a vintage P-51 Mustang Ride will run you $1,895 (beer festival ticket included). A ride on a C-47 Skytrain is $225.

https://palmspringspropsandhopsfestival.com/ 

 

Star Party at the Monument, Nov 17 

Friends of the Desert Mountains and the Astronical Society of the Desert conduct sky tours and direct observations of the night sky through the Society’s telescopes and giant binoculars. This event is family-friendly and minors must be accompanied by a parent or guardian. For more information call 760-862-9984 or visit http://www.astrorx.org. All parties start at sundown.

https://www.visitgreaterpalmsprings.com/event/star-party-at-the-monument/287/

 

Hot Air Balloon Festival, Nov 16-18 

This annual Cathedral City festival features balloon rides, balloon glows, food trucks, concerts, and an outdoor market and runs for two days. It all kicks off at 5:00 a.m. in Big League Dreams Sports Park. Balloons are inflated from 5 to 6 and the races start around 7. Tickets are $12 and include hot breakfast. Balloon flight tickets are $200.

https://www.hotairballoonfest.com/ 

 

22nd Annual Palm Springs Veterans Day Parade, Nov 11 

http://www.palmspringsca.gov/government/departments/parks-recreation/18th-annual-palm-springs-veterans-day-parade 

 

Stunt Dog Experience, Nov 4 

Christ Perondi’s Stunt Dog Experience is held at the McCallum Theatre and features both human and dog performances for all ages. Big air stunts, comedy, dancing, and athletic feats will all be a part of this fantastic show -- but please don’t bring your own dogs. Tickets are $10 to $25. 

http://www.mccallumtheatre.com/index.php/shows/2018-2019-season/all-shows/stunt-dog-experience 

 

 

Inventory Shortages Eased a Bit, But Strong Sales Continued Last Month 

While inventory was still (-15%) below September of last year, that number is an improvement over the (-25%) we’ve been experiencing over the last few months. At the same time, sales softened slightly, while average selling prices continued to rise. 

Trendvision’s® most recent year-over-year, September 2018 vs. September 2017 Report show that the largest increase in home sales last month took place with mid-range homes priced $500,000 to $999,999. Homes sales in this price range increased on average by (+21.9%) over the same period last year. 

The two other home pricing categories showed moderate declines in the Number of Homes Sold, (-9.3%) for homes priced Up to $499,999, and (-5.9%) for homes priced 1M+. At the same time, average sale prices rose slightly for homes under 1M, with the largest percentage price increase in homes priced up to $499,999, with a (+5%) increase in average selling price. 

Give us a call at (760) 625-7229, or visit www.DesertMarketUpdate.com to view the full Market Update Report.

To learn more about life in the different cities in the Palm Springs area, click HERE.

 

Selected Best Concerts and Live Performances

Don Henley, Nov 2
https://www.hotwatercasino.com/don-henley

Foreigner, Nov 10
https://www.hotwatercasino.com/foreigner

Paula Abdul, Nov 17 

http://www.fantasyspringsresort.com/prod/entertain/entertain.php#paula_abdul

Johnny Mathis, Nov 17
https://www.hotwatercasino.com/johnny-mathis

Lea Delaria, Nov 8 

http://www.mccallumtheatre.com/index.php/shows/2018-2019-season/all-shows/lea-delaria

The Ten Tenors Dates, Nov 20-25 

http://thetentenors.com/tourdates/the-ten-tenors-us-tour-palm-desert-ca-2/ 

The Hamilton Real Estate Group. Experience the Difference!

 

 

Oct. 18, 2018

La Quinta - Life Simply Extraordinary

Are you looking for an amazing vacation spot or place for a second home in southern California? Well look no more! Rancho La Quinta, California (or La Quinta as it is more often known), has become a lovely, lively destination city in Riverside County for second vacation homes and retirement homes.

People from the West Coast, the Pacific Northwest, and even Canada are flocking to the Greater Palm Springs area city to experience everything it has to offer. La Quinta, the “Gem of the Desert,” features historic areas, zoos, gardens, recreation areas, spas, and golf clubs among other popular amenities. Situated in the spellbinding Coachella Valley and surrounded by the San Jacinto and Santa Rosa Mountains, La Quinta exists alongside Palm Springs, Palm Desert, Rancho Mirage, and Indio, and has a sparkling historical charm that pervades the quaint resort town. Below we’ve listed some amenities, details about the La Quinta lifestyle, and real estate options for buyers in the area. Dive right in and take a look! 

 

Amenities

La Quinta is known for its extensive, resort golf courses which are spread out among 42 swimming pools and a vast orchard of orange and grapefruit trees at the La Quinta Resort. If you’re just visiting and want to do more La Quinta is excellent for that. It’s also a hot place to buy property at the moment -- so get yours while you can! The Eldorado Polo Club, and the Empire Polo Club are also within five miles if you want to try something different. The Indian Wells Tennis Garden and Golf Club are also nearby, and the La Quinta Museum houses activities for kids, historic photographs, and information on La Quinta. The museum is focused on the Cahuilla First Nations people who originally inhabited the Coachella Valley area, and visitors to La Quinta call it a must- see. 

The Waldorf Astoria La Quinta Resort & Club is luxury at its finest with extremely well-appointed suites and Spanish-style casitas. Suites include bathrooms to die for, historic architecture fitting for La Quinta, plus fireplaces, separate living and dining area, private outdoor patios, and hot tubs. Some suites even have kitchenettes and private pools. The 1920s casitas and villas are even more private, with more space and outdoor fireplaces. Seven restaurants, an indulgent spa, fitness classes, and chic boutiques located onsite will keep you busy. If you don’t have enough time to explore everything, two of the leading real estate and leasing agencies in the area can help you live the resort lifestyle all year round. 

 

Lifestyle

The lifestyle in La Quinta is laid back and relaxed, more so than it’s Coachella Valley neighbors. The desert lifestyle is just as much about beautiful architecture and grounds as it is about experiencing culture and tradition -- and no place demonstrates this more than La Quinta. Old Town La Quinta is a historical part of town that brings Old California to life in its architecture and sleek outdoor shopping and dining area. This area will be you you’re looking for a perfect place to get away from the snow for six months out of the year or a lavish, Spanish-style vacation in an inviting yet historical place, La Quinta’s current affordability and rapidly growing real estate market has what you’re looking for. 

 

Real Estate Options

If you do decide to stay longer than a few weeks for vacation, there are many real estate options in La Quinta, ranging from luxury condominiums to million-dollar homes nestled at the foot of the sweeping mountain ranges that ring the Coachella Valley. Whether you’re looking for a perfect place to get away from the snow for six months out of the year or a lavish, Spanish-style vacation in an inviting yet historical place, La Quinta’s current affordability and rapidly growing real estate market has what you’re looking for. 

To see the most recently listed homes for sale in La Quinta, click HERE.

The Hamilton Real Estate Group is Your Key to La Quinta Homes and its Extraordinary Lifestyle

The City of La Quinta is a very special community. Contact Dan or Reuben to find out what makes this City so distinctive and one of the very best places to live in the Palm Springs area.

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

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

The Hamilton Real Estate Group. Experience the Difference!

Oct. 12, 2018

Home Sales Remain Strong Going Into High Season!

Inventory Shortages Eased a Bit, But Strong Sales Continued Last Month

While inventory was still (-15%) below September of last year, that number is an improvement over the (-25%) we’ve been experiencing over the last few months. At the same time, sales softened slightly, while average selling prices continued to rise.

Trendvision’s® most recent year-over-year, September 2018 vs. September 2017 Report show that the largest increase in home sales last month took place with mid-range homes priced $500,000 to $999,999. Homes sales in this price range increased on average by (+21.9%) over the same period last year.

The two other home pricing categories showed moderate declines in the Number of Homes Sold, (-9.3%) for homes priced Up to $499,999, and (-5.9%) for homes priced 1M+.  At the same time, average sale prices rose slightly for homes under 1M, with the largest percentage price increase in homes priced up to $499,999, with a (+5%) increase in average selling price.

Low Inventory Eases yet Homes Are Selling Quicker. Our Local Market Stays Strong!

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

  • Average Home Sold Prices fell for homes priced 1M+ to an average of $1,505,000, (-3.3%) less than last September. Prices rose by (+5%) and (+2.6%) over last year, for homes priced Up to $499,999, and homes priced $500,000-$999,999.
  • Number of Days on Market continue their downward trend this month. Homes Up to $499,999 saw days on market drop by (-13%) to 80 days, and continue to be our “best sellers”. Homes 1M+ sold in (-6.7%) fewer days on market, followed by Homes priced $500,000-999,999 selling in (-5.5%) fewer days. Overall, properly priced homes are selling in under 3 months throughout the valley.
  • The Number of Homes for Sale continues to remain low, with (-15%) fewer homes for sale than this time last year. We did see 121 new homes come on the market in September, a small (+4.6%) increase over the prior month.

All three of these indices reveal that, as we have seen all year, on average, there are still fewer homes on the market, and the ones that are sell quicker and at higher prices compared to September a year ago.

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

For the most part, as indicated above, the Number of Homes Sold in September 2018 vs. September 2017 were down in  about 1/2 of the cities, with four cities showing increased home sales: Rancho Mirage up (+21.8%), Palm Desert up (+2.3%), Bermuda Dunes up (+116.7%), and Coachella up (+6.7%). 

When it comes to Average Sold Price, Palm Springs stood out with a strong (+27%) increase over last September, and Coachella prices increased (+14.3%). Only Indian Wells and Rancho Mirage experienced decreases in sold price percentages.

The Number of Days on Market decreased for every city EXCEPT Bermuda Dunes, Indian Wells and Coachella. Double-digit percentage declines as high as (-29%) for Palm Desert, (-15.6%) for Rancho Mirage and (-14.3%) For La Quinta. Then there is (-9.2%) for Palm Springs, (-7.3%) for Desert Hot Springs, (-3.4%) for Cathedral City and (-2.5%) for Indio.

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

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

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

 

The Hamilton Real Estate Group. Experience the Difference! 

Sept. 27, 2018

Desert Lifestyle Report October 2018

Throw Open the Doors, and Step Out to a New Season of Fun! 

Fall is here, and it’s time to call forth your friends and venture out into a new season of high times. For the next seven-months, the desert cities of the Palm Springs area will transform themselves into venues for perpetual, spectacular parties, festivals, grand prix sporting events, fashion and movie galas, Holiday jubilees and fiestas, unlike any other place in the world. So, what are you waiting for? Get Ready…Set…Go!!!

Modernism Week Fall Preview, Oct 18-21

Buy your tickets now. www.ModernismWeek.com

One of the most anticipated of the Fall events, Modernism Week Fall Preview is only a few weeks away.  Tickets have been on sale since August 1st, and it’s a safe bet that seats are booking fast. 

For lovers of all things modern and mid-century this 4-day event is an absolute must. Palm Springs is ground zero for all things modern and mid-century. Artists, architects and designers from all corners of the world come here to engage in the city’s historic architecture, art, fashion, furnishings and home décor. 

More than just, a passive experience true modernist enthusiasts get to immerse themselves in the actual living history of the post-war era modernism design movement. Shops, hotels, homes, restaurants, theaters, even commercial banks are material examples of the modernist movement and to this day are glorified by the City and its residents as an exemplary and iconic image they enjoy and deeply value. 

Modernism Week Activities – More than 50 Activities and Events

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

What do Bob Hope and James Bond Have in Common?

Bob Hope’s dramatic John Lautner-designed, 23,366-square-foot Palm Springs residence, although built in 1979 rises like a giant mushroom cloud high on the horizon. John Lautner is also famous for having built The Elrod House in 1968, an example of free architecture. Anyone that’s seen the James Bond film Diamonds are Forever will remember the scenes of the organic, mountain rock embedded living room, swimming pool and an interior room of the Willard Whyte's mansion. 

Highlighted below are just a few of the many amazing events taking place. Visit www.ModerismWeek.com for a complete schedule and tickets.  

  • La Vie En Rose: Modernism Week veteran designer Christopher Kennedy returns to Fall Preview with La Vie En Rose, a 1958 renovated home that backs up to the San Jacinto mountains in the posh Vista Las Palmas neighborhood. Tours run from 9 a.m. to 1:30 p.m. Oct. 19–Oct. 21. Cost is $30.  A sunset cocktail party is also planned for the home from 6 to 8 p.m. Oct. 20. Cost is $70.
  • H3K Design’s Green Gables: Designed by Palmer-Krisel and built in 1958 by the Alexander Construction Company, this three-bedroom, two-bathroom home sits at the gateway to the Twin Palm development and is undergoing a complete renovation by H3K Design.  It features walls of glass, dramatic ceilings and natural stone walls. This is the public debut of the house. Tours run from 9 a.m. to 1:30 p.m. Oct. 20 and Oct. 21. Cost is $30.

Home Tour with Vintage Car 

  • Cul-de-Sac Experience: At Canyon View Estates #4, this tour combines vintage automobiles artfully displayed on the driveways of six homes designed by William Krisel in a quaint cul-de-sac in South Palm Springs. Access to all homes will be provided on the tour. At 10 a.m. Oct. 21. Cost is $65.
  • Steel x Three Tour: A rare opportunity to visit three of the iconic Steel Development Houses (Steel #1, #2 and #4) designed by the architectural firm of Wexler & Harrison in 1962. The homes highlight the combination of architectural imagination and factory-built components that continues to inspire today. This tour is organized by the Palm Springs Preservation Foundation. From 10 a.m. to 1 p.m. Oct. 20. Cost is $50.

Parties - Folks in retro attire pose by the Sinatra pool during a Modernism Week event.

  • Mod Mirage’ Sunset Party: This is a rare opportunity to visit ‘White Shadows,’ one of the oldest hillside homes in Thunderbird Heights in Rancho Mirage. The home was designed in 1957 by Henry Eggers of Eggers & Wilkman (previously a partner with Gordon Kaufmann). ‘White Shadows’ has never before been open to the public.  From 5-8 p.m. Saturday, Oct. 21. Cost $100.
  • Moroccan Midcentury Modern:  Check out and learn about the recently renovated Sands Hotel & Spa in Indian Wells. The hotel was built in the 1950s but recently reimagined in 2018 by interior designer Martyn Lawrence Bullard. Includes a cocktail and a bite from the Pink Cabana, the hotel’s ultra-stylish new restaurant. From 2 to 4:30 p.m. October. 19. Cost is $60.

Popular Bus Tour

  • Premier Double Decker Architectural Bus Tour:  All weekend long these 2 1/2-hour tours showcase significant buildings as well as iconic homes.  Daily tours depart from the parking lot of H3K Home, 501 S. Palm Canyon Drive in Palm Springs. Modernism Week will have a box office there where attendees may purchase tickets to Fall Preview events. 
  • Lost, Saved & Endangered: Architectural enthusiast Gary Johns with the Palm Springs Preservation Foundation will discuss and detail the many architectural treasures in the Palm Springs area that have been preserved, destroyed or that face an uncertain future. At 9 a.m. Oct. 21 at the Palm Springs Woman’s Club.  Free but must RSVP in advance.

JOSHUA TREE MUSIC FESTIVAL, OCT. 4-7

 joshuatreemusicfestival.com

Ethereal and uplifting, the Joshua Tree Music Festival is filled with inspiring rhythms and beats from musicians sharing stories of their lives and experiences from around the globe. Each year the event grows larger as more people learn about the richness of diversity and talent that is uncommon most anywhere else. Today, more than 2,500 men, women and children descend on the high desert of Joshua Tree to play, sing and frolic under clear skies.  The festival is open to all, offering fun experiences for everyone in the family to enjoy, including: special child-friendly programs, yoga and healing sessions, art installations, local artisan and farm-fresh food vendors.  

Summer Heat Took a Toll on Palm Springs area Home Sales, But There’s More to The Story

Trendvision’s® most recent report of year-over-year August 2018 vs. August 2017 show that home sales increased on average by (+5%) for mid-range homes priced $500,000 to $999,999. 

The two other categories showed declines in the Number of Homes Sold, (-8%) for homes priced Up to $499,999, and (-19%) for homes priced 1M+.  While this seems like it is significant, the fact is that homes are still selling, and there are other market forces at play that provide a better indicator of the health of the real estate market in the Palm Springs area. 

Low Inventory, Higher Sold Prices, Fewer Days on Market. Signs of a Healthy Market

The market data that really counts, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, offer us better insight into the underpinnings of the Palm Springs area real estate market and, its overall health. It also gives us a better perspective on where the market may be headed. 

Average Home Sold Prices were up for homes priced 1M+ reaching $1,979,000, (+17%) more than last August. Prices rose by (+6%) and (+5%) over last year, for homes priced Up to $499,999, and homes priced $500,000-$999,999.

Number of Days on Market was down significantly. Homes priced $500,000-999,999 took a dive of (-34%), homes 1M+ sold in (-23%) fewer days on market, and homes Up to $499,999 decreased days on market by (-11%) to 83 days

The Number of Homes for Sale also decreased by double-digits across the board. 

All three of these indices reveal that as in the past eight months, on average, there are still fewer homes on the market, and the ones that are, sell quicker and at higher prices compared to August a year ago.

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. 

October Entertainment Schedule 

Fantasy Springs Casino

  • Chicago |  6
  • Steven Ma & Nancy Wu |  13
  • Boz Scaggs |  19
  • Christina Aguilera |  24
  • Michael Flatley’s, “Lord of the Dance: dangerous Games |  26

For box office tickets click here Fantasy Springs Resort

Agua Caliente Casino

  • MY TAM-NGUOI HAY QUEN EM DI |  7
  • Sting & Shaggy |  12
  • HRAG & Friends |  13
  • Toby Keith |  27

For box office tickets click here Agua Caliente Entertainment

Morongo Casino

  • Becoming Kareem |  5
  • Regine Velasquez |  7
  • Tyler Henry |  26

For box office tickets click here Morongo Casino 

Spotlight 29

  • Amor Eterno |  6
  • Gran Baile Con Banda El Recodo |  20

For box office tickets click here Spotlight 29 Casino

McCallum Theatre

  • Aida Cuevas Totalmente Juan Gabriel | 2
  • Willie Nelson and Family | 15
  • 7th Annual Family Fun Day | 21
  • Marlinsky Orchestra | 24
  • Classic Albums live – Pink Floyd’s Dark Side of the Moon | 27

For box office tickers click here McCallum Theatre

Palm Springs VillageFest, Thursdays; Oct. 4, 11, 18, 25; 7:00PM-10:00PM; Downtown Palm Springs transforms into a diverse array of artists, artisans, entertainers, and purveyors of fresh fruits and veggies, flowers, jewelry, snacks and sweets. Palm Canyon Drive, Palm Springs. www.villagefest.org

College of the Desert Street Fair, Every Sat. & Sun. 7AM-Noon. Merchandise and services for all ages and any budget, the Street Fair offers more than 300 merchants, artists, Farmer’s Market, entertainment, food, and more. 43500 Monterey Ave., Palm Desert, 760-636-7957; www.codaastreetfair.com

The Hamilton Real Estate Group. Experience the Difference!

 

Sept. 22, 2018

McCallum 2018-2019 New Season of Stars and Spectacles!

McCallum Theatre  

73000 Fred Waring Drive, Palm Desert, CA 92260; Box Office Tickets are available by phone: (760) 340-2787 • Toll Free: (866) 889-2787 or at www.mccallumtheatre.com

Since its opening in January 1988 the McCallum Theatre has taken center stage as the most entertaining and influential cultural arts center in the Palm Springs area. The theatre has 1127- seats, superb acoustics and hi-tech sound system.  According to the Theater’s website, ticket sales consistently place the McCallum in the top 50 theaters in the world.  Its Education programs have served more than 400,000 local schoolchildren, educators and community members, while top entertainers praise the venue and its audiences

The McCallum Theatre’s mission is to entertain and educate the public by offering a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the Palm Desert/Palm Springs communities and constituents served by the Theatre.

It Took Hard Work, Dedication and Perseverance 

Hard as it is to believe, it took a group of Coachella Valley business, education and cultural leaders 15 years to make their vision of The McCallum performing arts center a reality. Serious fundraising began with thirteen sold-out performances by Fred Waring and, a $1 million contribution by local developer Terry Hahn. Things really began to pop when in the mid-1980’s former President Gerald Ford joined the board of directors and convinced Bob Hope to contribute.

All-star Opening Night Tribute to Bob Hope

Palm Springs Life was on hand to document the fever pitched excitement and energized performances. In the audience that night were many of the original Friends of the Cultural Center, Inc., notable celebrities, and politicos including, Ronald and Nancy Reagan, Gerald and Betty Ford, Walter and Leonore Annenberg. 

Van Cliburn Jr., American pianist who at the age of 23 won International Tchakovsky Piano Competition in Moscow in 1958, inaugurated the McCallum’s new Steinway piano. In typical fashion, Lucille Ball had guests teary-eyed from laughing. Sarah Brightman sang a tune from Andrew Lloyd Webber’s Phantom of the Opera a month before it opened on Broadway, and the Alvin Ailey dancers had everyone at the edge of their seats

A Spectacular 2018-2019 Season – October 2 – April 13  

The McCallum’s season kicks-off October 2 with Aida Cuevas Totalmente Juan Gabriel and ends April 13 with Chris Botti. In between, there are many amazing acts, shows and concerts, too many to mention all here.  Below is a list of upcoming acts for October. For months November through April, visit the McCallum Theatre box office and subscribe to our upcoming issues of The Hamilton Real Estate Group’s monthly Desert Lifestyle Report. 

October 2018 Shows

  • Aida Cuevas Totalmente Juan Gabriel | 2
  • Willie Nelson and Family | 15
  • 7th Annual Family Fun Day | 21
  • Marlinsky Orchestra | 24
  • Classic Albums live – Pink Floyd’s Dark Side of the Moon | 27

McCallum Box Office www.mccallumtheatre.com 

The Hamilton Real Estate Group is a Top Seller in the Palm Springs Area!

The Hamilton Real Estate Group specializes in the purchase and sale of the distinctive homes of the Palm Springs area, and are one of Coldwell Banker’s top producing real estate teams. 

If you are interested in learning more about Palm Springs, call Dan or Reuben at (760) 625-7229, and visit our website www.TheHamiltonReGroup.com to search for your new home. 

The Hamilton Real Estate Group. Experience the Difference!

Sept. 14, 2018

Fundamentals of a Seller’s Market Are Still In Play

Summer Heat Took a Toll on Palm Springs Area Home Sales, But There is More to The Story

Trendvision’s® most recent year-over-year, August 2018 vs. August 2017 Report show that home sales increased on average by (+5%) for mid-range homes priced $500,000 to $999,999. 

The two other home pricing categories showed declines in the Number of Homes Sold, (-8%) for homes priced Up to $499,999, and (-19%) for homes priced 1M+.  While this seems significant, there are other market forces at play that provide a better indicator of the health of the real estate market in the Palm Springs area. 

Low Inventory, Higher Sold Prices, Fewer Days on Market. Signs of a Healthy Market

The market data that really counts, Average Sold Price, Number of Homes for Sale, and Number of Days on Market, offer us better insight into the underpinnings of the Palm Springs area real estate market and, its overall health. It also gives us a better perspective on where the market may be headed. 

  • Average Home Sold Prices were up for homes priced 1M+ reaching $1,979,000, (+17%) more than last August. Prices rose by (+6%) and (+5%) over last year, for homes priced Up to $499,999, and homes priced $500,000-$999,999.
  • Number of Days on Market was down significantly. Homes priced $500,000-999,999 took a dive of (-34%), homes 1M+ sold in (-23%) fewer days on market, and homes Up to $499,999 decreased days on market by (-11%) to 83 days
  • The Number of Homes for Sale also decreased by double-digits across the board. 

All three of these indices reveal that as in the past eight months, on average, there are still fewer homes on the market, and the ones that are, sell quicker and at higher prices compared to August a year ago.

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

For the most part, as indicated above, the Number of Homes Sold in August 2018 vs. August 2017 were down in all cities EXCEPT, Cathedral City, up (+3%), and Indian Wells, up (+13%), and Desert Hot Springs, up (+20%). 

When it comes to Average Sold Price, La Quinta stood out with a whopping (+32%) increase over last August solds, and Thousand Palms prices increased (+26%). Cathedral City and Desert Hot Springs increased by double digits. Only Indian Wells, Bermuda Dunes and Rancho Mirage experienced decreases in sold price percentages.

The Number of Days on Market decreased for every city, EXCEPT Desert Hot Springs. Double-digit percentage declines as high as (-29%) for Palm Springs, (-22%) for Bermuda Dunes, Indian Wells and Palm Desert. Coachella and La Quinta sold homes quicker by (-19%) and, (-17%).

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

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

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

The Hamilton Real Estate Group. Experience the Difference! 

 

Sept. 9, 2018

Palm Springs. Rich in Beauty and Diversity

Two hours east of Los Angeles and San Diego, Greater Palm Springs flows like an oasis along the base of the San Jacinto and Santa Rosa Mountains. Ragged eight-thousand foot pyramids rise from the Valley floor and serve as a breathtaking backdrop to the city of Palm Springs. With its large gatherings of palms, date and citrus trees laden with ripened fruit, the City is more reminiscent of an ancient oasis in Mesopotamia than the United States.

Throughout the day, sunlight and moon-glow transforms shapes, textures and colors minute by minute lulling all into a relaxed semi-transcendental state. From the moment you arrive in Palm Springs it is obvious why so many people choose to own a home there.  

Palm Springs History is Being Written by a New Generation 

During the previous few decades Palm Springs was considered a haven mostly for retirees, but within the last five years the downtown has turned a new leaf, and a younger more creative and energetic crowd has moved in.  Fueled also in part by a generation of work weary techies seeking weekend and vacation getaways, the city is bustling with renewed vigor and the temperature on fun has been turned way up! 

According to Palm Springs Life Magazine, not since the heyday of its Hollywood origins, when stars like Bob Hope, Frank Sinatra, Marilyn Monroe, and Elvis Presley roamed the streets, has there been such an explosion in local tourism, commercial, retail, and residential growth.

A new batch of entertainment industry types from Leonardo DiCaprio to Sia has once more made Palm Springs a favorite among fun and sun-seekers. They and high profile industry leaders like Larry Ellison, CEO Oracle (owner of the Indian Wells Tennis Garden) are investing into the Coachella Valley, and raising its profile in the national and international markets. This in turn is spurring further investment and giving rise in the downtown corridor to many new shops, hotels, restaurants and housing development.  An open, freedom loving mix of people and cultures, including the LGBT communities, hipsters, young families, and retirees, are giving rise to an enriched quality of life for all. 

See the latest Palm Springs homes available for sale at this link: Palm Springs For Sale.

Amped Up Modernism

Developers, home buyers and entrepreneurs are restoring and re-purposing Palm Springs 70’s era mid-century properties, and building new homes, high-end shops, hotels, cultural, and entertainment centers,  with a fresh, new contemporary look.

Homes in various organic shapes and those with clean linear lines are dominating the Palm Springs Homes and interior designs. Many home buyers are renovating the 1950’s and 60’s mid-century modern homes, maintaining the integrity of the home structure, but adding in more efficient and energy saving materials and appliances, finding ways to cut costs with solar and water-saving devices. 

People looking for the traditional desert homes—Mediterranean, Spanish and Mission styles will be glad to know that there are plenty of those both new and original to go around. 

Palm Springs Market: Low Inventory and Higher Prices

The growth and popularity of the Palm Springs housing market is making it difficult for home buyers. It may take more patience, time and a bigger budget than planned to get the home they are after. Fewer people are moving so the inventory of homes is low by comparison to years past. Because of this it is more important than ever, to work with a real estate agent that is very knowledgeable about the area, housing market and where to ferret out the better deals. 

Call Dan or Reuben for more information on how to find exactly the right home for you in Palm Springs and surrounding areas. 

Palm Springs Events – Like No Other in the World

Palm Springs is the epicenter of some of the world’s most amazing and entertaining events. From Fall to late Spring, there is no better place to be. The sheer number of activities, events, concerts and shows can make your head spin. The most frustrating of all, is not being able to get to all of them. 

With millions of people from every corner of the world make their way here to attend the most popular events. They plan their events a year in advance, so getting tickets to the best seats in the best events can take some planning. 

Some of the most popular events in and around Palm Springs:

  • Modernism Week Fall Preview October, and Modernism Week in February
  • Cinema Diverse: LGBTQ Film Festival
  • International Film Festival
  • ShortFest, Arthur Lyons Film Noir Festival
  • American Documentary Film Festival
  • Native American Film and Art Festival 
  • International Festival of Short Films
  • Tour de Palm Springs Cycling Benefit
  • Fashion Week at El Paseo

Find out what's happening this month in the Palm Springs area here: Palm Springs Events

Call Dan or Reuben. Let us show you how we can turn your real estate goals into reality.  760.625.7229 or email:dan@thehamiltonregroup.com

The Hamilton Real Estate Group. Experience the Difference!

Posted in Real Estate News