We continue to see strong home sales activity in the Palm Springs area, with home prices continuing their upward trend while homes are selling faster than they were at this time last year. Inventory was up over last year — just barely — for the first time in many months, and with interest rates dropping below 4%, we anticipate a strong selling season throughout the summer

Trendvision’s® most recent year-over-year, May 2019 vs. May 2018 Report shows (-5.0%) fewer homes sold last month while inventory increased slightly thought the Palm Springs area. The number of homes sold was up (+1.5%) in the under $500,000 - $999,999 price bracket, down (-5.8%) in the under $500K price range, and down (-14.5%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500,000-$999,999 price ranges, with inventory increases of (+3.0%) and (+1.1%) respectively. Inventory dropped (-7.7%) in the $1M+ price range over the same period last year.

Average selling prices rose (+22.4%) for homes priced $1M+ and (+4.1%) for homes priced under $500K, while remaining essentially flat in the other price band. 

Interest rates are still very attractive and have dropped back below 4%, which is helping the market. 30-year fixed rate mortgages stayed constant at 3.99% and the FHA 30-year fixed rate is 3.875%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.00% and adjustable Jumbo loans can be had for as low as 3.375%. 

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

• Average Home Sale Prices rose overall in the Palm Springs area by (+5.8%) over the same month last year. The biggest gains once again were for homes priced $1M+ with a robust  (+22.4%) increase. 
• Number of Days on Market dropped (-4.4%) compared to May of last year, with the biggest change in the $500,000-$999,999 price range with a  (-9.0%) decrease, and the under $500,000 price range saw a (-4.7%) drop. Homes priced $1M+ took longer to sell last month with Days on Market increasing (+7.3%).
• The Number of Homes for Sale. The number of homes for sale showed a slight uptick last month to 3,024, a small (+0.6%) increase over the same month last year. We are entering our typical seasonal decline in listings, but so far the decline is less severe than it was last year at this time. 

The trend we have seen all year long continues… it’s a seller’s market in most areas, and homes that are priced right are selling quickly at or above asking.

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

Once gain we saw a drop in the Number of Homes Sold in May 2019 vs. May 2018, with home sales down (-5.0%) across the Palm Springs area. The biggest percentage drop in sales were found in Bermuda Dunes down (-35.0%), Indian Wells down (-34.9%) and La Quinta down (-25.4%). Three cities saw an increase in sales; Cathedral City sales rose (+11.8%), Palm Desert sales increased (+9.1%), and home sales in Indio were up (+0.8%).

Last month average selling prices rose in all but two cities, with the biggest increases in Indian Wells (+46.6%) and La Quinta (+19.1%). Selling prices were down in Bermuda Dunes, with a (-8.2%) drop in sale prices and Rancho Mirage saw a (-2.0%) drop in sale prices. 

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City Watch - La Quinta

Number of Homes for Sale = 671 - Down (-5.6%)

Number of Homes Sold = 135 - Down (-25.4%)

Average List Price = $1.05M - Down (-13.8%)

Average Sale Price = $792,000 - Up (+19.1%)

Average Sale Price Per Sq. Ft. = $263 - Up (+12.9%)

Average Days on Market = 107 - Down (-0.9%)

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The Number of Days on Market was down in four cities, with Coachella experiencing the largest drop of (-52.6%). 

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

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

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

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

June Brings Food, Film, Flowers and More!

As things start to quiet down for summer in the Palm Springs area, there are still a variety of activities to keep the locals and summer visitors busy. It’s a great time to check out local venues that keep the music going all summer long, and relief from the hot summer heat is available at nearby Idyllwild, Big Bear Lake, and Pappy & Harriet’s.

Restaurant Week, May 31 - June 9

It’s that time of year again … and another excuse to hit the local restaurants … it’s time for Palm Spring Restaurant Week. With more than 100 restaurants offering specially priced meals — many offering 2-course lunch menus as well as 3-course dinner menus — it’s the perfect opportunity to stop outside your normal routine and try a new restaurant or two.  Lunch menus are priced at $15, $20 & $25 while dinner menus are priced at $29, $39 & $49. 

Click HERE to view menus and make reservations.

Palm Springs ShortFest 2019, June 18-24

June continues our tradition brining the best film festivals to the area … the Palm Springs International ShortFest celebrates it’s 25th anniversary as it brings 100 of the world’s most acclaimed short films to the desert. Selected from over 5,000 submissions, the 100 short films presented represent the best of the best. You’ll enjoy a variety of films, parties at the Sagurao, Ace Hotel, Spa Casino, several forum panels, and a special awards brunch at the Riviera Hotel. 

Click HERE for film schedule & tickets.

Splash House - June 27 - 9

With temperatures rising, it’s the perfect time for a pool party! And what a pool party it is … Splash House is actually 3 pool parties in one! Enjoy some of the the hottest DJs — including Robbie Rivera & Amand Van Helden — poolside at The Renassiance, The Riviera and the Saguaro hotels ,along with the after hours open-air dance parties at the Palm Springs Air Museum. 

Click HERE for hotel and ticket information.

Idyllwild Songwriters Festival - June 13-16

If you want to escape the heat and enjoy some chill music, you won’t want to miss the Idyllwild Songwriter’s Festival! Founded by Grammy-nominated songwriter Brett Perkings — he’s worked with artists from Natalie Imbruglia to Johnny Cash —   the festival showcases talented songwriters performing their original works all weekend long … and best of all … it’s FREE!

Click HERE for show schedule and more information.

Lavender Festival, Through June 30

Take a short 40-minute drive from Palm Springs to the Highland Springs Ranch & Inn in Cherry Valley and enjoy the lavender harvest Thursdays-Sundays all month long. You’ll stroll through the winding lavender fields, enjoy guided tours, taste lavender-inspired dishes, and relax to the live music. And don’t forget to take a bit of lavender home from the organic marketplace!

Click HERE for more information and tickets.

Dive-In Movies

As temperatures rise, what better place to watch a movie that right in the swimming pool? The Palm Desert Aquatic Center features a new movie each month, and this month you can watch Spiderman: Into The Spiderverse poolside on June 13th. The movie starts at sunset and tickets are only $4.

Click HERE for more information.

 Our Hot Market Continues … Homes are Selling Fast!

Trendvision’s® most recent year-over-year, April 2019 vs. April 2018 Report shows (-7.5%) fewer homes sold last month and inventory remains low thought the Palm Springs area. The number of homes sold was down (-10.0%) in the under $500K price bracket, down (-6.1%)in the $500-$999,999 price range, and up (+11.0%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500-$999,999 price ranges, with inventory increases of (+1.3%) and (+2.3%) respectively. Inventory dropped (-4.1%) in the $1M+ price range over the same period last year. 

Average selling prices rose (+9.0%) for homes priced $1M+ while remaining essentially flat in the other price bands.  

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

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

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

Selected Best Concerts and Live Performances In June

The Purple Room

Summer is the perfect time to check out local venues and support our local artists. The Purple Room offers free music Tuesday - Thursday, and The Judy Show is a “don’t miss” if you haven’t seen it.  

• Rose Mallett, every Tuesday
• Michale Holmes & Keisha D’, every Wednesday
• Sharon Sills, every Thursday
• The Judy Show, every Sunday

For a complete schedule of events & tickets for The Judy Show click HERE.

Pappy & Harriets

A short drive from Palm Springs, and built as a frontier town for filming movies in the 1940’s - 1950’s, Pappy & Harriets is now a thriving music venue that has seen shows by Leon Russell, Robert Plan, and Paul McCartney, as well as a variety of local and regional artists. It’s a perfect summer getaway as high desert temperatures tend to be a bit cooler than in Palm Springs. 

• Jim Lauderdale, June 7
• Patty Griffin, June 9
• Sarah Petite Band, June15

For a full schedule of events and tickets click HERE

Spotlight 29

• AbbaFab: A Tribute to ABBA, June 14
• Summer Rap Jam w/Warren G, Ying Yang Twins & Petey Pablo, June 29

For more information and tickets click HERE.

Agua Caliente Casino

• Steve Agueri (Former Journey lead singer), June 22

For more information and tickets click HERE.

The Palm Springs area real estate market remains strong as we head into the summer selling season. While inventory is still slightly below this time last year, buyer activity is still strong and homes are selling quicker than they did this time a year ago. While fewer homes are selling due to fewer homes available for sale, homes are selling quicker and for more money, making it a seller’s market for well-priced homes.

Trendvision’s® most recent year-over-year, April 2019 vs. April 2018 Report shows (-7.5%) fewer homes sold last month and inventory remains low thought the Palm Springs area. The number of homes sold was down (-10.0%) in the under $500K price bracket, down (-6.1%)in the $500-$999,999 price range, and up (+11.0%) for homes selling for over $1M.

Inventory constraints eased slightly again this month in both the under $500K and $500-$999,999 price ranges, with inventory increases of (+1.3%) and (+2.3%) respectively. Inventory dropped (-4.1%) in the $1M+ price range over the same period last year.

Average selling prices rose (+9.0%) for homes priced $1M+ while remaining essentially flat in the other price bands. 

Interest rates are still very attractive and remain well below 5%, which is helping the market. 30-year fixed rate mortgages stayed constant at 4.375% and the FHA 30-year fixed rate is 4.250%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.25% and adjustable Jumbo loans can be had for as low as 3.625%. 

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

• Average Home Sale Prices rose overall in the Palm Springs area by (+8.1%) over the same month last year. The biggest gains were for homes priced $1M+ with a robust  (+9.0%) increase. 
• Number of Days on Market dropped (-5.8%) compared to April of last year, with the biggest change in the $500,000-$999,999 price range where Days on Market dropped (-16.0%) over last year. Homes in the other price bands were selling quicker as well, with Days on Market down (-3.7%) for homes priced $1M+ and down (-2.5%) for homes priced under $500,000.
• The Number of Homes for Sale. The number of homes for sale showed a slight uptick last month to 3,673, a (+0.6%) increase over the same month last year. We are entering our typical seasonal decline in listings, but so far the decline is less severe than it was last year at this time. 

The trend through the first part of this year continues… it’s a seller’s market in most areas, and homes that are priced right are selling within 2-3 months, with many receiving multiple offers.

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

Continuing our trend over the last six months, the Number of Homes Sold in April 2019 vs. April 2018 was down (-7.5%) across the Palm Springs area. The biggest percentage drop in sales was found in Coachella down (-15.8%), Desert Hot Springs down (-13.6%) and Palm Desert down (-12.8%). Only two cities saw an increase in sales; Bermuda Dunes and Cathedral City had sales increases of (+5.9%) and (+3.9%) respectively.

Last month about 1/2 of the cities experienced a rise in average selling prices, with the biggest increases in La Quinta (+37.6%) and Indian Wells (+36.2%). The biggest drop in sale prices took place in Coachella, with a  (-14.3%) drop in Sales. Palm Springs,, Rancho Mirage and Indio experienced price drops in the single digits, while sales prices in Cathedral City remained essentially flat.   

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City Watch - Rancho Mirage

Number of Homes for Sale = 469 - Down (+9.1%)

Number of Homes Sold = 103 - Down (-7.2%)

Average List Price = $1.17M - Down (-3.8%)

Average Sale Price = $706,000 - Down (-5.5%)

Average Sale Price Per Sq. Ft. = $263 - Up (+2.3%)

Average Days on Market = 94 - Down (-3.1%)

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The Number of Days on Market was down in all cities, with the exception of Desert Hot Springs, up (+14.1%) and La Quinta up (+10.3%). 

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

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

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

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

May Brings More Music, Movies, Comedy and UFOs!

As our winter visitors start to return home for summer, the desert stays active with another music festival, another film festival, great live theater, and an entire weekend dedicated to UFOs, aliens and extraterresitals! So don’t miss out on another great month of actives in the Palm Springs area!

Palm Springs Photo Festival, May 5-10

If you have a passion for great photography, here is your chance to learn from the best! The Palm Springs Photo Festival offers professional, emerging, and serious advanced amateur photographers the opportunity to study with legendary photographers. You can check out the latest gear, participate in cutting-edge seminars, enjoy a variety of networking events, and get hands-on in one of 20 classes in the Workshop Program.

Click HERE for more information and tickets.

Joshua Tree Music Festival, May 16-19

Coachella is over, and Stagecoach memories are fading, but you have one last chance to enjoy some great music outdoors before the summer heat hits. The Joshua Tree Music Festival brings internationally acclaimed musicians to this 3-day family-friendly funky global music festival. You’ll enjoy great music, art installations, yoga classes, and events just for the kids.   

Click HERE for more information and tickets.

Arthur Lyons’ Film Noir Festival - May 9-12

You won’t want to miss the 20th Anniversary Edition of the Arthur Lyons’ Film Noir Festival! Featuring an electing mix of prestigious and more obscure black and white “B” film noir movies, the event showcases rarely seen films, restored classics, and special appearances by many stars of the films. Join in the anniversary celebration with champagne & cake on opening night at 6:30pm and enjoy a special Mother’s Day screening of Mildred Pierce starring Joan Crawford.

Click HERE for a full list of films and ticket information.

Comedy Madness Show w/Mike Quu May 23-24

Life got you down? Then try some of the best medicine … laughter! Improv comedian Mike Quu hosts two nights of comedy at Hotel ZOSO in Palm springs. You’ll enjoy comedians that have been featured on  America’s Got Talented, Comedy Central, MTV, Showtime and more. The show is only $20, and full dinner is available as well. 

Click HERE for more information and tickets.

Memorial Day Flower Drop & Air Fair, May 27

This year’s annual flower drop at the Palm Springs Air Museum — one of their most popular events — celebrates the 75th anniversary of the Doolittle Tokyo Raid.  The flower drop ceremony, a dedication to all fallen war heroes, includes over 3,000 red and white carnations air-dropped form a B-25 Mitchell Bomber.  Activities start at 10 a.m. and include food vendors, plane rides, and a beer garden. 

Click HERE for more information and tickets.

Contact In The Desert, May 31 - June 3

If you’re intrigued by UFO’s, extraterrestrial life, crop circles, ancient aliens, and alien abductions, Contact in the Desert — the world’s largest UFO conference — is the event for you! This weekend-long adventure at the Renaissance Indian Wells features a variety of speakers, workshops and a night vision skywatch experience and you’ll get close-up with former FBI, NASA, military and government officials as well as astronomers, archeologist, and cosmologists. 

Click HERE for more information.

Live Theatre

May continues to be a good month for live theater, so don’t miss the two new productions opening this month. Big River: The Adventures of Huckleberry Finn opens May 10 at the Palm Canyon Theater and brings the stories in this timeless classic to life. The recently open CV Repertory theater in Cathedral City brings Good People to the stage starting May 1, where you’ll find out if Margie, who is one Bingo game away from homelessness, can get a fresh start with an old flame.

• Big River, May 10-19     For more information and tickets click HERE.
• Steve Martin’s Meteor Shower, May 31-June 2   For more information and tickets click HERE.

A Sizzling Summer Selling Season is on the Horizon!

There is a clear trend in our local real estate market over the last five months… and its good news for sellers while providing some challenges for our buyers.

Trendvision’s® most recent year-over-year, March 2019 vs. March 2018 Report shows (-6.7%) fewer homes sold last month and inventory remains low throughout the Palm Springs area. The number of homes sold was down (-10.8%) in the under $500K price bracket, essentially flat in the $500-$999,999 price range, and up a healthy (+15.7%) for homes selling for over $1M. 

Inventory constraints eased slightly in the $500-$999,999 price range with a slight (+2.0%) increase in homes available for sale. Inventory for the under $500K price range was nearly unchanged, and there were (-5.7%) fewer homes available for sale priced $1M+.

Average selling prices rose (+9.0%) for homes priced under $500K, and sale prices rose (+9.6%) for homes priced $1M+. Selling prices remained flat for homes in the $500-$999,999 price range. 

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

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

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

Selected Best Concerts and Live Performances In May

Fantasy Springs

• America, May 11
• Golden Boy Boxing, May 16
• The Hollywood Vampires, May 18
• Maxwell, May 24
• Joan Jett, May 26
• George Lopez, May 31

For more information and tickets click HERE.

Morongo 

• Neil Sedaka, May 24

For more information and tickets click HERE.

Agua Caliente Casino

• Cirocovia, May 10-11
• Willie Nelson, May 18
• Rodney Carrington, May 31

For more information and tickets click HERE.

There is a clear trend in our local real estate market over the last five months… and its good news for sellers while providing some challenges for our buyers.

Trendvision’s® most recent year-over-year, March 2019 vs. March 2018 Report shows (-6.7%) fewer homes sold last month and inventory remains low throughout the Palm Springs area. The number of homes sold was down (-10.8%) in the under $500K price bracket, essentially flat in the $500-$999,999 price range, and up a healthy (+15.7%) for homes selling for over $1M.

Inventory constraints eased slightly in the $500-$999,999 price range with a slight (+2.0%) increase in homes available for sale. Inventory for the under $500K price range was nearly unchanged, and there were (-5.7%) fewer homes available for sale priced $1M+.

Average selling prices rose (+9.0%) for homes priced under $500K, and sale prices rose (+9.6%) for homes priced $1M+. Selling prices remained flat for homes in the $500-$999,999 price range. 

Interest rates are still very attractive and remain well below 5%, which is helping the market. You can get a 30-year fixed rate mortgage at 4.375% and the FHA 30-year fixed rate is 4.125%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.25% and adjustable Jumbo loans can be had for as low as 3.75%. 

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 (+13.2%) over the same month last year. The biggest gains were for homes priced under $500K (+9.0%) and homes priced $1M+ selling for (+9.7%) more. 
• Number of Days on Market dropped (-2.3%) compared to March of last year, with the biggest change in the $1M+ price range where Days on Market dropped (-8.1%) over last year. Homes in the other price bands were selling quicker than a year ago as well, with Days on Market down (-6.2%) for homes priced $500,000-$999,999 and down (-2.5%) for homes priced under $500,000.
• The Number of Homes for Sale. The number of homes for sale peaked in February at 3,850, with a slight decline last month to 3,742. Well keep an eye on this number next month, as we may have started our typical seasonal decline in available inventory.  Inventory last month was down down slightly (-0.8%) over March of last year.

I’ve stated this for the last 5 months, and it’s still true today … 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?

Continuing our trend over the last five months, the Number of Homes Sold in March 2019 vs. March 2018 was down across the Palm Springs area. The biggest percentage drop in sales were found in Bermuda Dunes down (-52.2%), Cathedral City down (-21.3%) and La Quinta down (-19.1%). Sales remained essential flat in Coachella while Indian Wells and Indio saw sales increased (+11.8%) and (+7.8%) respectively. 

Most cities experienced a rise in average selling prices, with the exceptions being Rancho Mirage, down (-17.4%), La Quinta, down (-10.7%), and Coachella, down (-6.7%).  

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City Watch - Palm Desert

Number of Homes for Sale = 779 - Down (+3.2%)

Number of Homes Sold = 213 - Down (-8.2%)

Average List Price = $601,000 - Down (-4.0%)

Average Sale Price = $460,000 - Up (+17.3%)

Average Sale Price Per Sq. Ft. = $240 - Up (+13.2%)

Average Days on Market = 82 - Down (-4.7%)

_____________________________________________________________

The Number of Days on Market was down in all cities, with the exception of Indio, up (+20.3%) and Coachella up (+100%). 

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

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

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

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

April is a month full of music in the greater Palm Springs area! You’ll enjoy a variety of music this month ... the jazz & blues featured in the Garden Jam Music Festival in Indian Wells, Palm Springs’ annual Opera in the Park, and of course the two major events ... Coachella and Stagecoach. So whatever your musical tastes - from rock to opera, there is something for everyone this month!

Garden Jam Music Festival, April 5-6

With the BNP Paribas tennis tournament over for another year, music takes over the Indian Wells Tennis Garden. Featuring some amazing blues and jazz, the tickets are affordable and the venue is perfect. This year’s event features Jimmie Vaughan, Los Lobos, Buddy Guy, and Bradley Cooper’s backing band from A Star Is Born ... Lukas Nelson & Promise of the Real. And the Lifestyle Village will offer gourmet food, cocktails and wine, and fine & shopping.

Click HERE for more information and tickets.

Opera In The Park, April 7

Opera in the Park is the premier cultural event in April in Palm Springs. This annual FREE concert of beloved opera arias will feature accomplished opera professionals and will be accompanied by a professional orchestra conducted by Valery Ryvkin. Bring a picnic lunch or make a reservation at the Café d’Opera, and enjoy a relaxing afternoon of opera at Sunrise Park.

Click HERE for more information and tickets.

Coachella Music Festival, April 12-14 & 19-21

The Coachella Music Festival turns 20 this year. Named the best outdoor music festival in North America twelve times by Pollstar, this year’s festival features headliners Tame Impala, Ariana Grande and Childish Gambino, as well as several unique art installations across the festival grounds. Tickets are sold out, but you can still get on the waitlist for both weekends.   

Click HERE for more information.

Stagecoach Music Festival, April 26-28

Country music fans flock to the Polo Grounds this month to see live sets by Luke Bryan, Sam Hunt and Jason Aldean. With a variety of restaurants to choose from, including Guy Fieri’s Stagecoach Smokehouse, and on-site amping available, it’s sure to be a wild weekend of country music.

Click HERE for more information and tickets.

AmDocs Film Festival - March 29 - April 4

The 8th annual American Documentary Film Festival (AmDocs) comes to Palm Springs and showcases films that tell real stories behind the real issues. Named one of the world's five coolest Documentary Film Festivals by MovieMaker magazine, AMDOCS has a fast-growing reputation for featuring a superb program of films that engage, inspire and entertain its audience. This year’s festival will screen over 150 films across three venues: the Palm Springs Cultural Center (Camelot Theatres), the Helene Galen Theatre in Rancho Mirage, and the Indian Wells Theater and Oliphant Auditorium.

Click HERE for a full list of films and ticket information.

ANA Inspiration, April 1-7

Here’s your chance to watch the best women golfers in the world at the first major golf tournament of the year … the ANA Inspiration held at Mission Hills Country Club. This year is the 48th year for the tournament to be hosted at Mission Hills … the first tournament was held in 1972 and hosted by Dinah Shore. So come out and watch the play, stop by the autograph tent to meet your favorite players, and relax at the ANA Experience exhibit. Players are competing for a $2 million prize and that classic jump into Poppie’s Pond.

Click HERE for more information and tickets.

Palm Springs Fashion Week, April 11-13

Not to be outdone by Palm Desert, it’s time for Palm Springs to host their fashion week, with three days of fashion, music & beauty, and a special live music performance by Jaira Burns. This year’s event takes place at the Riviera Hotel and features a fabulous 100-foot runway built over the Chiki Pool at the hotel. The show tends to be a bit edgier than Fashion Week El Paseo, and features one of my favorite Project Runway designers, Candice Cuoco. 

Click HERE for more information and tickets.

Dive-In Movie Series, April 26

There’s nothing like watching a classic movie poolside on a warm desert evening! So head over to the Arrive Hotel on April 26 at 7pm to check out the Mel Brooks classic Blazing Saddles. And it’s totally FREE!

Click HERE for more information.

Palm Canyon Theatre

If you’re looking for live theater, don’t miss the two newest productions at the Palm Canyon Theater. Grand Hotel, inspired by Vicki Baum's period novel, tackles issues of life and death, financial ruin, love and murder, as people and come and go through the lobby of the Grand Hotel. And The Diary of Anne Frank is the true story of a young Jewish girl who kept a diary of her time hiding from the Nazis during World War II.

• Grand Hotel, Apr 5-14
• The Diary of Anne Frank, Apr 25-28

For more information and tickets click HERE.

Homes are Selling Faster … And Selling Prices Are Up!

For the fourth month in a row, the number of homes sold was down across all price bands and in all cities in the Palm Springs area, while inventory woes have eased a bit. There are still fewer homes on the market priced in the upper and lower price bands, but we saw a slight increase in inventory for homes priced between $500-$999,999 over the same month last year. 

It’s still a good market for our sellers, and good homes that are properly priced continue to sell quickly, with Days on Market down (-3.5%) to 82 days.

Trendvision’s® most recent year-over-year, February 2019 vs. February 2018 Report shows fewer homes sold in all price bands, with the biggest drop in the under $500,000 price band, a (-17.5%) drop in number of homes sold.  

Home sales in the $500,000-$999,999 price point dropped again this month, with (-10.6%) fewer homes selling, while the $1M+ price band saw sales fall off by (-8.2%).

Average selling prices rose for homes priced under $1M, while sale prices dropped (-7.1%) for homes priced $1M.

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 April

McCallum Theatre

• Tony Danza Apr 4
• Something Rotten! Apr 5-7
• Steven Curtis Chapman Apr 10
• Chris Botti Apr 12-13
• One Night Only Apr 24

For more information and tickets click HERE.

Fantasy Springs

• Ashanti & Ja Rule Apr 6

For more information and tickets click HERE.

Morongo 

• Cedric the Entertainer Apr 12
• Rodney Atkins Apr 26

For more information and tickets click HERE.

Agua Caliente Casino

• Michael Carbonaro Apr 5
• Daniel Tosh Apr 26

For more information and tickets click HERE.

For the fourth month in a row, the number of homes sold was down across all price bands and in all cities in the Palm Springs area, while inventory woes have eased a bit. There are still fewer homes on the market priced in the upper and lower price bands, but we saw a slight increase in inventory for homes priced between $500-$999,999 over the same month last year. 

It’s still a good market for our sellers, and good homes that are properly priced continue to sell quickly, with Days on Market down (-3.5%) to 82 days.

Interest rates remain stable and have stayed below 5%, which is helping the market. You can get a 30-year fixed rate mortgage at 4.5% and the FHA 30-year fixed rate is 4.0%.  If you’re financing a larger amount, the Jumbo 30-year fixed rates are 4.25% and adjustable Jumbo loans can be had for as low as 3.625%. 

Trendvision’s® most recent year-over-year, February 2019 vs. February 2018 Report shows fewer homes sold in all price bands, with the biggest drop in the under $500,000 price band, a (-17.5%) drop in number of homes sold.  

Home sales in the $500,000-$999,999 price point dropped again this month, with (-10.6%) fewer homes selling, while the $1M+ price band saw sales fall off by (-8.2%).

Average selling prices rose for homes priced under $1M, while sale prices dropped (-7.1%) for homes priced $1M.

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 (+2.7%) over the same month last year. The biggest gains were for homes priced under $1M, with sale prices of homes priced $1M+ falling (-7.1%). 
• Number of Days on Market dropped (-3.5%) compared to February of last year, with the biggest change in the $1M+ price range where Days on Market dropped (-15.5%) over last year. Homes in the other price bands were selling quicker than a year ago as well, with Days on Market down (-2.1%) for homes priced $500,000-$999,999 and down (-2.5%) for homes priced under $500,000.
• The Number of Homes for Sale. We continue to see the typical seasonal increase in new listings and our inventory is now very close to what is normal for this time of year, with inventory down slightly (-1.3%) over February of last year.

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?

Continuing our trend over the last four months, the Number of Homes Sold in February 2019 vs. February 2018 was down across the Palm Springs area. The biggest percentage drop in sales were found in Bermuda Dunes down (-36.4%), Indio down (-27.4%) and Ranch Mirage down (-23.7%). Sales remained essential flat in Palm Springs, down (-1.3%), and Palm Springs also showed the greatest price appreciation.

______________________________________________________

City Watch - Palm Springs

Number of Homes for Sale = 604 - Down (-7.9%)

Number of Homes Sold = 413 - Down (-1.3%)

Average List Price = $751,000 - Down (-0.5%)

Average Sale Price = $554,000 - Up (+20.2%)

Average Sale Price Per Sq. Ft. = $314 - Up (+17.2%)

Average Days on Market = 70 - Down (-11.4%)

______________________________________________________

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?

It’s March Madness … desert style!  March in the Palm Springs area features signature events including the BNP Paribas Open, the La Quinta Arts Festival, Fashion Week El Paseo, along with a full schedule of live music and theater. 

BNP Paribas Open, March 4-17

World class tennis returns to the Indian Wells Tennis Gardens, with the BNP Paribas Open featuring most of the 75 top-ranked tennis players in the world. The tournament, which drew over 450,000 fans to the area last year, has earned the nickname “the fifth slam” and remains a favorite of tennis fans due to the fantastic weather and the state-of-the-art tennis facilities at the Tennis Gardens.  Expect to see Raphael Nadal, Roger Federer, Venus & Serena Williams, Novak Djokovic among the top players at this year’s event.

Click HERE for BNP Paribas Open information and tickets.

If you’re an art lover … you’re in for a treat with two superb weekend art festivals coming to the area. 

La Quinta Arts Festival, March 7-10

The La Quinta Arts Festival will be held on the La Quinta Civic Center Campus and the sprawling outdoor gallery has been called “the most stunning festival site in the country”. That’s high praise for a festival that includes over 200 artists displaying unique works of art in every medium and price point. The vent caters to “novice enthusiasts” as well as “sophisticated collectors” and the multi-day pass and free parking make this festival a great value. 

Click HERE for more information and to buy tickets.

Indian Wells Art Festival, March 29-31

The 17th Annual Indian Wells Art Festival takes place as the Indian Wells Tennis Garden is transformed into a festive artist’s village and outdoor marketplace. You’ll explore thousands of one-of-a-kind pieces of art amid live entertainment, cocktails, and a wide selection of food. Ranked as one of the 100 Best Fine Art Shows in the country, this year’s festival brings featured artist Leslee Adams — also known as The Watercolor Chef for her bold watercolors of food, landscapes & florals — to the desert. 

Click HERE for more information and to buy tickets.

Palm Desert Food & Wine Festival, March 22-24

Produced by Palm Springs Life magazine, this 3-day event brings many of the most prominent chefs, vintners, and brewmasters to the renowned El Paseo shopping district in Palm Desert. You’ll enjoy food from more than 30 local and celebrity chefs and over 40 local restaurants, complemented by an array of 60 amazing wines. Kick off the weekend with a James Beard gourmet 4-course luncheon, and enjoy a weekend of cooking demonstrations, food tastings, and wine & liquor tastings.

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

Fashion Week El Paseo, March 16-23

It’s time for some of the best designers to present their collections on the “Rodeo Drive of the Desert” as we prepare for El Paseo Fashion Week 2019. Enjoy fabulous runway shows, fashion demonstrations, including some of the best designers from the TV show Project Runway, and a closing night runway show by New York designer Lela Rose. If you see something you like on the runway, hit up the trunk shows with the designers the day after and be the first to own the latest designs.  

For a schedule of events, and to buy tickets click HERE.

Palm Springs Chalk Art Festival, March 16

Feel like a kid again … with chalk art! Stop by the 9th Annual Palm Springs Chalk Art Festival and experience top professional and student artists creating amazing creative works on the sidewalks outside the Palm Springs Art Museum. There will be hands-on activities, live music and more … and the event raises over $20,000 to benefit arts education in Palm Springs. 

For more information click HERE.

Palm Canyon Theatre

• The Best Little Whorehouse in Texas, Now - Mar 10
• Shakespeare in Love Mar 21-24

For more information and tickets click HERE.

Coachella Valley Repertory Playhouse

The Palm Springs area’s newest live theater venue — Coachella Valley Repertory Playhouse — opens this month in Cathedral City with a production of the musical CHESS. With music by ABBA’s Björn Ulvaeus and Benny Andersson and lyrics by Tim Rice, this Broadway musical is the perfect way to open this new venue. The theatre is housed in the former  IMAX Theater space and the newly renovated space seats 208 theater lovers for each show.

For more information and tickets click HERE.

It’s A Trend … Sales Are Down While Prices Are Up!

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%).

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 March

McCallum Theatre

• STOMP Mar 1-2
• The Limeliters and The Brothers Four Mar 3
• The Irish rovers Mar 8
• Steve Tyrell Mar 9
• Monty Python’s Spamalot Mar 15-17
• Matthew Morrison Mar 21
• Kristin Chenoweth Mar 22-23
• Rob Lowe Mar 29
• Savion Glover Mar 30

For more information and tickets click HERE.

Fantasy Springs

• Michael McDonald Mar 1
• Frankie Valli Mar 2
• Terry Fator Mar 8
• Julio Iglesias Mar 9
• Il Divo Mar 16
• Creedence Clearwater Revisited Mar 22
• The Illusionists Mar 29

For more information and tickets click HERE.

Agua Caliente Casino

• Toni Braxton Mar 1
• Jerry Seinfeld Mar 2

For more information and tickets click HERE.

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.