Real Estate Update for 4th Quarter 2022

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4th Quarter 2022 REAL ESTATE UPDATE 760.776.7070 DIANEWILLIAMSANDASSOCIATES.COM DRE# 01991637 | 01325548

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 two real estate teams in the Greater Palm Springs Area with over 1,160 transactions representing buyers and sellers for a sales volume of approximately $900,000,000. In Indian Ridge alone, we represented 679 buyers and sellers since 2004 with over $569,000,000 in sales volume making our team the top agents in Indian Ridge.

Allison Frank Laura Kristeen Diane Terrie Barry Heather Katie Career Sales $595M 41 2022 Total Transactions DIANEWILLIAMSANDASSOCIATES.COM DRE# 01991637 | 01325548 2022 Closed Volume $64M Career Sales $940M 73 2022 Total Transactions 2022 Closed Volume $85M 2022 MLS Team Ranking 2nd Indian Ridge Ranking 1st INDIAN RIDGE SALES FOR 2022 VALLEY WIDE SALES FOR 2022
TEAM RECORD BREAKING SALES!
price per floor plan
the
of
2022
Highest
in
history
Indian Ridge

WHAT OUR CLIENTS SAY

Liliane and I would like to tell you what a satisfying pleasure it was dealing with Heather, Allison and Kristeen in the purchase of our home at 430 Gold Canyon Dr. They were responsive at all times even when there was the usual stress of buying a home with a very short escrow…and we might add, during the unusual stress of Liliane being confined to a scooter! In all we are viewing the experience with 100% positivity, and we will eagerly recommend them to anyone interested in buying in Indian Ridge or the vicinity. Thank you again…

Sincerely,

– Peter & Liliane

Rhonda and I have been very pleased with the service and level of attention to detail and strategy that we have received from your team. We have now completed 3 transactions together, and each one had its own challenges, but we got through them with the help and direction from Allison and Diane and the entire team. Even as a professional commercial real estate person, I find the expertise and judgement of professionals that do this every day for a living invaluable to me and to the process. Thank you again. – Brett H.

DEAR INDIAN RIDGE RESIDENTS,

A heartfelt hello and wishing you a Happy New Year. 2022 was a year for the books, unlike any other. We’ve all faced difficult obstacles and uncertainties; however, we can set these aside and look to the future with optimism as 2023 promises new beginnings full of positivity and joy!

In 2022, we saw the end of a historic housing boom as mortgage rates and home sales leveled in response to heightened inflation and Federal Reserve interest rate hikes. The increase in costs created a pause in the market, resulting in more cautious behavior from both buyers and sellers. Many buyers and sellers decided to stand on the sidelines to rethink their strategies until conditions stabilized. Experts do believe mortgage rates will come down by third quarter of 2023.

While different housing market information circulates through the news, it’s always important to understand what is happening in your local market. According to the “Desert Housing Report”, the three-month average of sales in December was down 49.4% from last year. Despite a decline in sales, home prices are not plummeting as some experts predicted. Detached homes are down 9.9% from peak prices a few months ago, but up 3.7% year after year. Attached homes are down 10.4% from peak prices a few months ago, but up 3.5% year after year. On January 1, 2023, inventory across the Coachella Valley stood at 1911 units, while more homes are hitting the market, the numbers are still well below pre-pandemic levels.

Like many other golf and country clubs throughout the valley, Indian Ridge experienced a decline in sales, with 60 homes sold in 2022. Total number of sales fell by 48% in 2022 and median prices at the end of the 4th quarter of 2022 remained well above average: $1,223,333 for HOA homes and an impressive $1,781,500 for PUDs homes. While days on market continues to rise for active listings, homes priced aggressively in this current market will continue to sell quickly. Indian Ridge’s unique lifestyle and stellar reputation makes it one of the most desirable clubs in the desert, an easy choice for buyers.

Experts are predicting the real estate market of 2023 will continue to shift. However, regardless of economic uncertainty, houses will still be bought and sold as buyers and sellers needs are ever-changing. As we look ahead with optimism, one thing is clear: real estate trends continue to show now could be just as good of time as ever for homeowners, especially those who purchased between 2009-2019, to capitalize on equity built up over a decade ago.

Our real estate professionals are available seven days a week to discuss the market and provide solutions tailored specifically for your needs. Come in or call today - we’re ready and eager to help. May this new year bless us all with good health, love, peace, and abundance of which will pave our way into 2023.

Warmest Regards, Heather Wong, Realtor®/Co-Owner

reliable
highlighted homes indicate DW & Associates Represented Buyer or Seller BLUE highlighted homes indicate DW & Associates represented BOTH Buyer and Seller
RIDGE COUNTRY CLUB SALES JANUARY 1, 2022 TO DECEMBER 31, 2022
All information gathered from the California Desert Association of REALTORS® FlexMLS is deemed
but not guaranteed. YELLOW
INDIAN
23 HOMES SOLD BY DW & ASSOCIATES REPRESENTING SELLER 18 HOMES SOLD BY DW & ASSOCIATES REPRESENTING BUYER 41 TOTAL TRANSACTIONS IN IRCC YEAR-TO-DATE 2022 2022
INDIAN RIDGE QUARTERLY HOMES SALES ACTIVITY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 $7,380,500 11 $246 101 $12,642,000 18 $300 53 $9,719,000 8 $462 37 $5,678,000 8 $266 97 $23,941,400 28 $341 33 $16,605,000 14 $489 32 $10,056,800 15 $258 99 $10,147,000 11 $389 33 $5,275,000 4 $595 42 $10,923,000 15 $302 81 $13,603,500 13 $431 30 $3,670,000 3 495 38 $11,634,900 12 $303 69 $24,598,792 21 $365 56 $13,000,000 8 $542 51 $8,959,900 7 $353 60 $19,077,500 15 $373 76 $19,865,000 11 $589 30 $16,847,210 15 $334 99 $10,568,000 8 $441 42 $11,870,000 6 $616 60 $15,074,400 15 $329 94 $15,735,000 11 $448 47 $10,689,000 6 581 20 TOTAL SALES VOLUME UNITS SOLD AVG. PRICE PER SF AVG. DOM 2020 2021 2022 HOA PUD
4 th QUARTER COMPARISON $690,472 $819,831 $1,223,333 HOA AVERAGE SALES PRICE HOA AVERAGE SALES PRICE HOA AVERAGE SALES PRICE $1,061,240 $1,232,824 $1,781,500 PUD AVERAGE SALES PRICE PUD AVERAGE SALES PRICE PUD AVERAGE SALES PRICE 30 24 9 TOTAL UNITS SOLD TOTAL UNITS SOLD TOTAL UNITS SOLD $26,904,010 $29,338,500 $14,359,000 TOTAL SALES VOLUME TOTAL SALES VOLUME TOTAL SALES VOLUME 2020 2021 2022
Information
2021 4TH QTR SALES 2022 4TH QTR SALES % CHANGE QTR SALES COACHELLA VALLEY 2,647 1,375 -48.1% BERMUDA DUNES 49 20 -59.2% INDIAN WELLS 80 49 -38.8% INDIO CENTRAL 77 39 -49.4% LA QUINTA NORTH 52 24 -53.8% LA QUINTA SOUTH 366 151 -58.7% PALM DESERT EAST 217 95 -56.2% PALM DESERT NORTH 134 66 -50.7% PALM DESERT SOUTH 133 52 -60.9% PALM SPRINGS CENTRAL 132 69 -47.7% PALM SPRINGS NORTH 166 102 -38.6% PALM SPRINGS SOUTH 215 112 -47.9% RANCHO MIRAGE 251 136 -45.82% SUN CITY 88 66 -25.0% SALES UPDATE BY CITY
compiled from the California Desert Association of REALTORS® FlexMLS. All information is deemed reliable but not guaranteed due to the new system.
2021 4TH QTR AVG PRICE 2022 4TH QTR AVG PRICE % CHANGE AVG PRICE
$767,208 4.1%
.4% $1,604,328 $1,435,360 -10.5%
-5.5%
19.66%
14.57%
9.73%
-.14%
5.69% $717,310 $670,114 -6.58% $832,486 $855,118 2.72% $965,515 $1,005,666 4.16%
$570,847 -1.5% INTERESTED IN COUNTRY CLUB HOME SALES? Visit this link or scan the QR code above to see full Quarterly Update. dianewilliamsandassociates. com/advertising 4TH QUARTER OF 2021 COMPARED TO 4TH QUARTER OF 2022
$737,004
$589,880 $592,128
$493,119 $466,084
$565,294 $570,916 1.0% $1,004,005 $1,201,373
$588,523 $674,298
$578,456 $634,730
$1,008,234 $1,006,843
$814,394 $860,756
$579,574
COACHELLA VALLEY TOTAL HOME SALES EVALUATION SALES UNDER $500K SALES UNDER $1MIL SALES OVER $500K SALES OVER $1MIL Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1,813 ........ 54.4% 1,771 49.5% 1,295 ........ 49.7% 1,1152 ....... 43.6% 2,842 .85.41% 2,995 ....... 83.7% 2,241 ........ 85.9% 2,210 ....... 83.6% 1,519 ........ 45.6% 1,806 50.5% 1,339 ......... 51.3% 1,514 ......... 57.3% 487 14.6% 582 ........... 16.3% 380 ........... 14.6% 446 ........... 16.9% 2021
Q1 1ST QUARTER Q2 2ND QUARTER Q3 3RD QUARTER Q4 4TH QUARTER SALES UNDER $500K SALES UNDER $1MIL SALES OVER $500K SALES OVER $1MIL Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1,009 ....... 36.7% 877 31.3% 1,305 ....... 49.6% 546 .......... 39.7% 2,161 78.7% 2,187 ........ 78.0% 2,259 ....... 85.9% 1,140 ........ 82.9% 1,770 ........ 65.4% 1,924 68.6% 1,350 ........ 51.4% 835 .......... 60.7% 596 21.7% 615 ............ 21.9% 383 ........... 14.6% 237 ............ 17.2% 2022

76-375 Country Club Dr. Palm Desert, CA 92211 760.776.7070 realestate@dwateam.com dianewilliamsandassociates.com

DRE# 01991637 | 01325548

If your home is currently listed with another Realtor, this is not intended as a solicitation. It is not our intention to solicit an other agents active listing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the listing and/or selling agent. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Sales may not represent all brokers.

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