DW & Associates (AKA Diane Williams & Associates) serves as your community expert and lifestyle liaison providing exceptional service to homeowners, members, and potential buyers in Indian Ridge. As the exclusive on-site real estate sales office at Indian Ridge Country Club, DW & Associates are uniquely positioned to provide unparallel expertise and customer service. Located in the main clubhouse, we work closely with membership to ensure your experience is both smooth and enjoyable. We are available 7 days a week and can show homes or provide a club tour with a moment’s notice. We are proud to be one of the top three real estate teams in the Greater Palm Springs Area with over 1,087 transactions representing buyers and sellers for a sales volume of approximately $900,000,000. In Indian Ridge alone, we represented 646 buyers and sellers since 2004 with over $581,000,000 in sales volume making our team the top agents in Indian Ridge.
WHAT OUR CLIENTS SAY
Allison Renz is probably the best or one of best realtors we have worked with (period) very experienced and professional with great follow through. She is willing to do the “little” things that make the process go smoothly and we had fun! We would comfortably recommend her to anyone!
– Lang & Cheryl Dear Heather,
This thank you is long overdue, but is no less important. Thank you for the extraordinary care and professionalism you and your team exemplified during our listing, showing and selling of our home. There was not a single item that was neglected, and you were always willing to address our questions or concerns. It felt like you were one of the family! We will enthusiastically recommend DW & Associates to our friends that are considering buying or selling their home!
Kind regards,
– Laurie & Fred Gunville
DEAR INDIAN RIDGE RESIDENTS,
We hope this letter finds you and your loved ones well, and everyone has had a great summer. It’s hard to believe the holidays are upon us, with the new year so quickly approaching.
As we head into 4th quarter of 2022, we continue to see the housing market evolve. After the frantic rush for real estate over the last few years, we are finally seeing a stable and calmer market. This summer the Coachella Valley market experienced patterns consistent with the effects of seasonality to our local market. According to the recent Coachella Valley Desert Housing Report, the 3-month average of sales at the end of September 2022 was 32% lower than same time last year. As of October 1, 2022, inventory across the valley was at 1,807 units. That is 214 units higher than August 2022, and 924 units higher than last year. Inventory before the pandemic stood at 2,780 so we are still below previous norms. Last year 50.2% of homes were selling over asking price, while that number has decreased to 27.7%. Today predictions are that number will be back to normal at around 10% by the end of the year.
The data and statistics we have compiled and reported coincide with these shifts in the housing market. Consistent with the Desert Housing Report’s findings, pointing out the following:
1. Country Club Home Sales Report
• Majority of clubs will sell fewer homes than were sold in 2021.
• Every club has an average sales price higher than 2021.
2. Sales Update by City Report
• Sales were down for 3rd quarter 2022 from 3rd quarter 2021.
• Indian Wells is the only city tracked with a decrease in average sales price at 11%.
• Except for Palm Springs Central and Palm Springs North, all other cities are tracking below 100% when comparing list price as a percentage of sales price. This reflects the reluctance of buyers to pay at or above the listing price for properties.
Indian Ridge sold a total of 10 homes in the 3rd quarter, 4 in the HOA and 6 in the PUD. This is a 47% decrease from 3rd quarter 2021, but more in line with pre-pandemic sales and more aligned with what we
see in summer months. The average price per square foot remained extremely high at $565 for the HOA and $616 for the PUD. This is historic price per square foot dating back to our reports starting in 2010. Year to date, Indian Ridge has sold a total of 51 homes indicating more than likely less homes will be sold in 2022 as compared to 2021. This is fairly consistent with most other clubs we track and is more of an indicator of the market rather than the community. As of today, current inventory stands at 17 homes, with only 8 homes on the market during the same time last year.
Waiting for economic factors to moderate, there are fewer buyers as many people wait on standby due to their various concerns over inflation and interest rates. With the housing market continuing to progress, the active buyers are more cautious when it comes to what they are willing to pay for a home and are favoring homes that are more current and updated. For a seller this means the list price needs to be competitive and attractive to lure the buyers. Sellers that understand the true current market will be successful when selling their home. Even though sellers are not selling at the peak of the market, there is still tremendous equity that has been gained over the last couple of years.
Housing markets are local, just like weather reports. And while there may be national or even statewide trends in real estate ultimately, it’s about where you live! That’s why working with an experienced agent who knows the neighborhood is key when trying to buy/sell property. As the Indian Ridge On-Site Sales office, you can be confident that our team has a deep understanding of Indian Ridge’s housing market. We are happy to provide you with a realistic market analysis of your home and know we will not price your home high just to get the listing. We’ll guide you through the process and make sure your expectations are exceeded!
As we all know the clubhouse has been undergoing renovations these last couple of months. The upgrades to the clubhouse have been a privilege for us to see this summer and we cannot wait until you return this fall. The new features are absolutely beautiful, making it an even better place in which to enjoy our 2022/2023 season!
Warmest Regards,
PALM
