If three months in a row makes a trend, we have a clear new trend in our local housing market. The number of homes sold fell for the third month in a row in the Palm Springs area, and inventory is now at a 10-year low. While there are fewer homes on the market, buyer activity remains strong and that’s driving home prices up. 

Available inventory is down (-7.3%) over the same month a year ago, with 298 fewer homes available for sale. With fewer homes available for sale, we’re seeing a slowdown in actual home sales, with the number of homes sold down (-17.2%) over the prior January. 

As a result, the average selling price rose (+5.7%) to $504,000 and the average selling price per square foot rose (+7.4%) to $247. 

Homes continue to sell quickly, with Days on Market down (-11.4%) to 78 days. 

Trendvision’s® most recent year-over-year, January 2019 vs. January 2018 Report shows fewer homes sold in all price bands, with the biggest drop in the under $500,000 price band, with a (-19.0%) drop in number of homes sold.  

Home sales in the $500,000-$999,999 price point dropped again this month, with (-12.9%) fewer homes selling, while the $1M+ price band saw sales fall off by (-10.2%).

Average selling prices rose in all price categories, with the largest percentage increase in the under $500,000 category, with a (+4.5%) increase in average selling price. The $1M+ and $500,000-$999,999 price bands saw smaller gains, with average selling prices rising by (+2.9%) and (+0.6%) respectively. 

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 (+5.7%) over the same month last year. The biggest gains were at the low end and the high end of the market, with sale prices of homes priced $500,000-$999,999 remaining essentially flat. Interestingly, after relatively slow growth in home pricing over the last few years, appreciation of attached homes (condos) has outpaced detached homes (single family homes) over the last few months.
• Number of Days on Market dropped (-6.9%) compared to January of last year, with the biggest change in the $1M+ price range where Days on Market rose (+51.2%) over last year. Homes in the other price bands were selling quicker than a year ago with Days on Market down (-15.8%) for homes priced $500,000-$999,999 and down (-9.4%) for homes priced under $500,000.
• The Number of Homes for Sale. While we are seeing the typical seasonal uptick in new listings, our inventory is still below what is normal for this time of year. Inventory is down (-7.3%) over January of last year and strong buyer activity combined with inventory shortages will likely drive an ongoing shortage of desirable housing in the are for the foreseeable future.

Current trends have us in a seller’s market in most areas, with homes selling quickly and desirable homes priced right receiving multiple offers.

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

For the third month in a row, the Number of Homes Sold in January 2019 vs. January 2018 was down across the Palm Springs area. Once again, the number of homes sold was down all cities except for Coachella, which saw a (+14.3%) increase in home sales. The largest percentage drop in home sales was in Cathedral City, down (-44.1%), Bermuda Dunes down (-31.2%), and Rancho Mirage down (-28.8%).

When looking at Average Selling Price, most cities experienced a rise in average selling prices, with the exceptions being Indian Wells, down (-17.6%), Bermuda Dunes, down (-12.6%), and Palm Springs, down (-0.9%).  

The Number of Days on Market was down in about half of our cities, with homes selling fastest this month in … Cathedral City (-22.4%), Palm Springs (-18.7%), and Palm Desert (-18.3%).

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?

Art, Architecture & Amusement ... February is Jam-Packed with Activities!

As we move into February, our desert hosts some of the most popular events of the season. Desert X returns after a years absence, and the Tour de Palm Springs, Modernism Week, and McCormicks’ Classic Car Auction make their annual return. And with live shows by Snoop Dogg, Marie Osmond, Jay Leno, Pitbull, & The Lettermen, and more, there's something for everybody to enjoy! So scroll down and check out all of the fabulous February activities in the Palm Springs area!

Desert X, Feb 9 - Apr 21

Building off the success of the initial exhibition in 2017, Desert X returns to the Palm Springs area with unique art installations on display throughout the Coachella Valley. Desert X integrates our natural landscape into the artists' works and aims to engage audiences interested in art and the environment. Details on the artists' projects and where to find them will be officially released on February 9.

Click HERE for more information on Desert X. 

Tour de Palm Springs, Feb 9, 2019

Calling all biking enthusiasts! It’s not too late to get in on the action! Registration is still open for the annual Tour de Palm Springs. There are four rides available for every experience level … from a short 9-mile ride to a more grueling 102-mile ride … there’s something for everyone. Proceeds from the event benefit nearly 100 local charities and you won’t find a better way to get in some exercise with fellow bikers while helping raise money to benefit the community. And if the bike ride isn’t your thing, you can always come out to cheer on the riders.

Click HERE for more information on bike routes and to buy tickets.

Modernism Week, Feb 14 - 24

One of the area’s premier events — Palm Springs Modernism Week — returns to the desert for 10 days this month, with over 350 events celebrating mid-century modern design, architecture, art & fashion. The event kicks off with the Modernism Show & Sale at the convention center, where you’ll find a variety of quality mid-mod furnishings and accessories available for sale. The ever-popular double-decker bus tour is back, as are the Signature Home Tours, walking neighborhood tours, and a variety of lectures and educational events. You won’t want to miss the walking tour of Sandpiper Palm Desert on Feb 21, so get online and get your tickets now.

Click HERE for a schedule of events and to purchase tickets.

73rd Annual Riverside County Fair, February 15 - 24

Who doesn’t like a county fair? For 73 years, locals have found the Riverside County Fair & Date Festival to be one of the best entertainment values in the area. Enjoy musical concerts headlined by country star Randy Houser, hip hop legends Salt-n-Pepa, and the ever-funky Kool & the Gang. And don’t miss some events you can only find at a county fair — bull riding, monster truck competitions, Demolition Derby, and Mini-Dwarfs Racing. (If you don’t know what that is, click HERE). The fair is a bargain, with tickets selling for only  $11.

For more information on the fair, and to buy tickets click HERE.

Art Palm Springs, February 15 - 17

If you’re looking for that special piece of artwork for your home, you won’t want to miss Art Palm Springs at the Palm Springs Convention Center. You’ll join over 15,000 art lovers as they appreciate post-war and contemporary art from galleries in Asia, Europe, North and South America representing hundreds of artists from around the world. The event, which kicks off with an Opening Night VIP reception, has been a draw for curators, collectors, designers and celebrities who appreciate the quality of the art presented.

Click HERE for more information on Art Palm Springs.

McCormick's Classic Car Auction, February 22 - 24 

Here’s your chance to check out over 550 of the coolest, most awesome, classic cars in one place. Held at the Palm Springs Convention Center, this 3-day event brings draws car lovers from all across the country. And the best thing? Admission for the first day, Friday, Feb 22, is totally FREE! Want to see some the cars coming up for auction? Check out McCormick’s Facebook page at this link:  McCormick’s Car Auction

Click HERE for more information on the auction.

Home Sales Down, Inventory Woes Ease, Sale Prices Continue Their Rise!

For the second month in a row, we’re seeing a familiar story … inventory constraints are easing slightly, selling prices are continuing their upward trend, but fewer homes are selling. 

Inventory, which had been down as much as (-25%) over last year, is only down (-11.1%) in the last reporting period, with 429 fewer homes available for sale. Perhaps reflecting the lack of desirable inventory, the number of homes sold was down (-21.7%) over the same month last year. 

At the same time, the average selling price rose (+12.4%) to $485,000 and the average selling price per square foot rose (+12.8%) to $247. 

Homes continue to sell quickly, with Days on Market down (-11.5%) to 77 days.

Trendvision’s® most recent year-over-year, December 2018 vs. December 2017 Report show that the largest increase in home sales last month took place $1M+ price band, with a (+5.0%) increase in the number of homes sold.  

Home sales in the Under $499,999 price point dropped for the second month in a row, with (-21.7%) fewer homes selling, while the $500,000 - $999,999 price band saw the largest drop in sales, a (-27.9%) drop.

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?

Selected Best Concerts and Live Performances In February

McCallum Theatre

• Jay Leno, Feb 2-3
• Rent, Feb 8-10
• Michael Feinstein w/Storm Large, Feb 15-16
• The Lettermen, Feb 24
• Evita, Feb 27-28

For more information and tickets click HERE.

Fantasy Springs

• Marie & The Osmonds, Feb 2
• Boyz II Men, Feb 8
• Righteous Brothers, Feb15
• Snoop Dogg, Feb 16
• Pitbull, Feb 23

For more information and tickets click HERE.

Agua Caliente Casino

• Air Supply, Feb 16

For more information and tickets click HERE.

Morongo Casino

• Englebert Humperdink, Feb 15

For more information and tickets click HERE.

Palm Canyon Theatre

• The Best Little Whorehouse in Texas, Feb 22 - Mar 10

For more information and tickets click HERE.

For the second month in a row, we’re seeing a familiar story … inventory constraints are easing slightly, selling prices are continuing their upward trend, but fewer homes are selling. 

Inventory, which had been down as much as (-25%) over last year, is only down (-11.1%) in the last reporting period, with 429 fewer homes available for sale. Perhaps reflecting the lack of desirable inventory, the number of homes sold was down (-21.7%) over the same month last year. 

At the same time, the average selling price rose (+12.4%) to $485,000 and the average selling price per square foot rose (+12.8%) to $247. 

Homes continue to sell quickly, with Days on Market down (-11.5%) to 77 days. 

Trendvision’s® most recent year-over-year, December 2018 vs. December 2017 Report show that the largest increase in home sales last month took place $1M+ price band, with a (+5.0%) increase in the number of homes sold.  

Home sales in the Under $499,999 price point dropped for the second month in a row, with (-21.7%) fewer homes selling, while the $500,000 - $999,999 price band saw the largest drop in sales, a (-27.9%) drop.

Average selling prices rose both in all price categories, with the largest percentage increase in the $1M+ category, with a strong (+23.4%) increase in average selling price. The $500,000 - $999,999 and Up to $499,999 price bands saw smaller gains, with average selling prices rising by (+1.5%) and (+4.2%) respectively. 

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 (+12.3%) over the same month last year. The $1M+ price range saw the biggest increase, (+23.4%) over December of last year, while the under $500,000 price range saw average selling prices rise (+4.2%). Selling prices for homes priced $500,000 - $999,999 rose slightly, by (+1.5%).
• Number of Days on Market dropped (-11.5%) overall compared to December of last year, with the biggest change in the Up To $499,999 price range, with a (-14.3%) reduction in Days on Market. Homes priced to $499,999 sold faster with Days on Market dropping (-4.3%) and homes priced $1M+ saw Days on Market drop by (-1.9%). Overall homes were selling in an average of 77 days.
• The Number of Homes for Sale. Inventory problems are starting to ease a bit as we see more homes come on the market during season, yet inventory was still (-11.1%) lower than December 2017. Inventory shortages are hitting homes priced Up To $499,999 the hardest, with (-15.6%) fewer homes available in that price band. For homes priced $500,000 - $999,999, inventory was down (-4.8%) over the same time last year. Inventory was down (-6.6%) for homes priced $1M and above.

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.

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

For the second month in a row, the Number of Homes Sold in December 2018 vs. December 2017 was down across the Palm Springs area. The number of homes sold was down all cities except for Coachella, which saw a (+33.3%) increase in home sales. The largest percentage drop in home sales was in Bermuda Dunes, down (-62.5%), Desert Hot Springs down (-37.3%), Indian wells down (-33.3%), and Palm Desert down (-31.7%).

When looking at Average Selling Price, La Quinta saw the largest percentage increase with a (+50.4%) rise in average selling prices. Palm Desert selling prices rose (+23.0%) last month and Palm Springs, Desert Hot Springs, and Cathedral City saw price increases of (+4,0%), (+3.7%), and (+3.0%) respectively. 

The Number of Days on Market was down across the board, with homes selling fastest this month in … Cathedral City (-26.1%), Bermuda Dunes (-23.1%), Rancho Mirage (-21.4%), and Palm Springs (-15.2%). 

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?

Say “Good-Bye” to 2018. Get a Fresh Start! Welcome 2019!

It’s that time of year … we reflect on the year that was … and we look forward to the year ahead. 

When we reflect on our local real estate market, it’s been a fantastic year for sellers, with strong buyer activity resulting in homes selling faster and at higher prices than the year prior.  And while inventory is low, buyer’s are still finding fantastic homes at prices that make them a really good value. 

Our business has been strong this year  — our team successfully closed 37 transactions in 2018 for nearly $16M in sales — and we are looking forward to another busy year in 2019. We appreciate the trust our sellers and buyers have put in us, and to everyone who has referred business to us last year, we say a big “Thank You”!

As more people discover the beauty and active lifestyle of our many desert communities, our communities become more vibrant. Whatever your interests, you’re sure to find plenty to do as we move into the new year. January kicks off our high season with a variety of quality shows, concerts and sporting events ...  we wish everyone all the best in the coming year!

International Film Festival, Jan 3-14

Palm Springs kicks the season into high gear each year with their internationally acclaimed film festival, and the 30th year of the film festival promises to be it’s best ever! Showcasing over 200 films from 60 different countries, there’s something for everyone! And don’t miss the awards gala where award recipients, Spike Lee, Glen Close, Olivia Colman, Bradley Cooper, Rami Malek and others will grace the stage. 

Click HERE for the Film Festival event calendar and tickets. 

Sunday Polo @ Empire Polo Club, Jan 6 - Mar 31

It’s back! There’s nothing like a relaxing afternoon watching some the world’s best polo players at the Empire Polo Club on a Sunday afternoon. You can bring own food and beverage and tailgate, or opt for the VIP experience — for only $30 per ticket - which includes a reserved seat in the shade and available food and beverage service.

Click HERE for more information on the Empire Polo Club and to buy tickets.

Desert Classic Golf Tournament, Jan 16-20

The Desert Classic golf tournament — formerly known as the Career Builder — returns to the desert this month. Featuring play by some of the world’s best on the PGA West’s Stadium & Jack Nicklaus Tournament Resort Courses, and the La Quinta Country Club, this year’s event includes classic rock from Sammy Hagar on Jan 18 and Bad Company on Jan 18. 

Click HERE for more information and to purchase tickets to the tournament.

Salton Sea Bird Festival, Jan 19 - 20

Bird watching enthusiasts make note! The annual Salton Sea Bird Festival takes place this month and it’s your chance to observe many of the over 400 species of birds that make the Salton Sea their permanent or winter home! Birding is available by land or kayak.

Click HERE for more information.

Kennel Club of Palm Springs Dog Show, Jan 5-6

Kick off the new year with the first big dog show of the season. Featuring more than 170 AKC-recognized breeds, judging starts at 8am, admission is $10, and parking is free. Held at the Empire Polo Grounds.

For more information on the dog show click HERE.

Rancho Mirage Writer’s Festival, Jan 30 - Feb 1 

Often described as “Coachella for the Brain”, the Rancho  Mirage Writers Festival brings over 50 authors to the Rancho Mirage Library for 3 days of talks and story telling by a wide range of authors, including well known names Governor Jerry Brown, Sally Field, Susan Eisenhower, Maureen Dowd &  Tom Hanks. The event is currently sold out, but you go online to join the waitlist.

Click HERE for more information and to join the waitlist.

Guys and Dolls, Jan 18 - Feb 10

Set in Depression-era Times Square, Guys and Dolls is about a couple of big city gamblers and the women who love them. Catch this classic musical at the Palm Canyon Theatre.

For tickets to Guys and Dolls click HERE.

Home Sales Down, Inventory Woes Ease, Sale Prices Continue Their Rise!

December is often the slowest month for home sales in the Palm Springs area, and we experienced the typical slight downturn in sales that comes as many of our buyers turn their focus to family for the holidays.

Inventory constraints showed improvement for the third month in a row, with the number of homes available for sale (-8.6%) below November of last year … much lower than the (-25.0%) we had seen over the summer. The number of homes sold is down slightly (-9.1%), not unexpected for this time of year, while average selling prices rose nearly (+11.5%).

Trendvision’s® most recent year-over-year, November 2018 vs. November 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 (+24.8%) increase.  

Home sales in the Under $499,999 price point dropped by (-16.8%) while the $1M+ price band saw a (-8.6%) drop in sales, but average selling prices in both of these categories rose by (+7.1%) and (+11.9%) respectively.

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?

Selected Best Concerts and Live Performances In January

McCallum Theatre

• Lily Tomlin, Jan 12
• Jersey Boys, Jan 15-20
• Ségio Mendes, Jan 23
• Bernadette Peters, Jan 24
• The Wizard of Oz, Jan 25-27
• Paul Anka, Jan 31

For more information and tickets click HERE.

Fantasy Springs

• Back to the 90s (Vanilla Ice, Coolio, Tone Loc, C+C Music Factory), Jan 12
• The Temptations & the Four Tops, Jan 19
• Kenny G, Jan 25

For more information and tickets click HERE.

Agua Caliente Casino

• Burt Bacharach, Jan 12

For more information and tickets click HERE.

Morongo Casino

• Bell Biv Devoe, Jan 4
• Evelyn “Champagne” King, Jan 11

For more information and tickets click HERE.

Home Sales Down, Inventory Woes Ease, Sale Prices Continue Their Rise!

December is often the slowest month for home sales in the Palm Springs area, and we’re starting to see the typical slight downturn in sales that comes as many of our buyers turn their focus to family for the holidays.

Inventory constraints showed improvement for the third month in a row, with the number of homes available for sale (-8.6%) below November of last year … much lower the the (-25.0%) we had seen over the summer. The number of homes sold is down slightly (-9.1%), not unexpected for this time of year, while average selling prices rose nearly (+11.5%).

Trendvision’s® most recent year-over-year, November 2018 vs. November 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 (+24.8%) increase.  

Home sales in the Under $499,999 price point dropped by (-16.8%) while the $1M+ price band saw a (-8.6%) drop in sales, but average selling prices in both of these categories rose by (+7.1%) and (+11.9%) respectively.

Typical seasonal changes in sales are evident. But Selling Prices Remain 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 (+11.5%) over the same month last year. The $1M+ price range saw the biggest increase, (+11.9%) over November of last year, while the under $500,000 price range saw average selling prices rise (+7.1%). There was a slight drop (-1.5%) in average selling prices for homes priced $500,000 - $999,999.
• Number of Days on Market dropped (-15.7%) overall compared to November of last year, with the biggest change in the $1M+ price range, with a (-42.5%) reduction in Days on Market over the same period last year. Homes priced to $499,999 sold faster with Days on Market dropping (-15.7%) and homes priced $500,000 - $999,999 saw Days on Market drop by (-17.6%). Overall homes were selling in an average of 75 days.
• The Number of Homes for Sale. With inventory recently at a 5-year low, we’re seeing more homes come on the market, but inventory was still (-8.6%) lower than November 2017. For homes priced up to $500,000 - $999,999, inventory was about the same as this time last year. Inventory was down (-5.2%) for homes priced $1M and above and home priced under $500,000 saw inventory levels (-13.5%) below this month a year ago.

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.

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

For the most part, as indicated above, the Number of Homes Sold in November 2018 vs. November 2017 were down in all but three of the cities, with an increase in the number of home sold in: Bermuda Dunes up (+60.0%), La Quinta up (+7.1%), Indio up (+3.0%). The largest percentage decline in home sales was in Coachella (-57.1%) followed by Indian Wells with a (-23.8%) decline.

When looking at Average Sold Price, Indian wells saw the largest percentage increase with a (+75.8%) rise in average selling prices, with Indio and La Quinta following behind with (+19.7%) and (+17.0%) increases respectively. The largest drop in average selling prices last month, for the 2nd month in a row, was Rancho Mirage with a (-19.8%) drop.

The Number of Days on Market was down in all but two cities, with homes selling faster this month in … Desert Hot Springs (-33.0%), Cathedral City (-16.9%), Palm Desert (-21.2%), Rancho Mirage (-19.3%), Indian Wells (-42.6%), La Quinta (-9.0%), Indio (-7.2%), Coachella (-52.5%). Bermuda Dunes and Palm Springs saw  increases in time to sell of (+64.2%) and (+1.1%) 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?

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.

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?

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!

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!

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!