Real Estate Update for 4th Quarter 2024

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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 unparalled 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 and provide a club tour with a moment’s notice. We are proud to be the #1 real estate team in the Greater Palm Springs Area with over 1,200 transactions representing buyers and sellers for a sales volume of over $1 billion. In Indian Ridge alone, our team achieved a remarkable sales volume of over $770,000,000, solidifying our position as the top agents in Indian Ridge.

WHAT OUR CLIENTS SAY

Allison and the rest of DW & Associates are masters at their jobs. We weren’t actively looking for a house but Allison remembered that we at one time said we would be interested in changing for certain specific items. They know their clientele well. Both the purchase process of our new home and the sale process of our old home went as smoothly as possible and when small issues came up, Allison was quickly able to resolve them. She has an excellent contact list for all kinds of service providers able to provide repairs and we took advantage of this list to relieve stress. Allison kept us in the loop the whole time and directly answered all questions. Thank you Allison Renz and DW & Associates - we love our new house and are grateful for all the help you gave us. No one knows Indian Ridge better!

– Cathy Hilton

Katie Pipitone, of DW & Associates, gets an A+ grade from us as a realtor! She was always available, always supportive, pleasant, and acting as our strong advocate. She got us access to numerous homes, including some “pocket listings,” and was by our side throughout the process. She provided additional recommendations and “tips” to further improve our situation as the deal headed to a close, and we feel we came out ahead on this one, thanks to her hard work and knowledge.

– Bob Decker

Heather Wong at DW & Associates is an amazing real estate professional with incredible service. We cannot thank you enough Heather for your attentive care to every request we had to see a place, to answering our questions and to following up with us as we secured our dream home in Indian Ridge. Selling our existing home was seamless and every detail was taken care of by Heather and her team, including after sale care and help with escrow, insurance, furniture removal, securing contractors, and more. We couldn’t believe the level of constant care and attention we received and would full heartedly recommend Heather to anyone looking to buy or sell a home. She is absolutely wonderful!

– Tamara Bustos

DEAR INDIAN RIDGE RESIDENTS,

Happy New Year! I hope this letter finds you well and enjoying the beautiful surroundings of our wonderful community. As we transition into 2025, I want to take a moment to provide you with a quick market update and insights on the real estate trends we experienced in 2024 and what we anticipate in the coming year.

This past year marked a dynamic real estate market in Indian Ridge and the greater Coachella Valley. The first half of the year was business as usual. However, the second half of the year saw a noticeable slowdown, influenced by a combination of factors including economic fluctuations, the typical seasonality of the summer months, the impact of the election cycle, and the holiday season, which often shifts focus away from home purchases.

In 2024, 54 homes were sold in Indian Ridge, marking a 13% decrease from 2023 and the lowest unit sales since 2009. Despite the slowdown in transactions, Indian Ridge properties maintained strong price growth, with average home prices increasing by 13% compared to the previous year. This growth highlights the continued high demand for homes within the community. In addition to market dynamics, the strong demand for golf membership homes, combined with the limited inventory of these sought-after properties, highlights the market’s appeal and exclusivity, creating a unique opportunity for sellers with golf memberships.

Although inventory remains relatively low, it has gradually increased this year. In the last quarter of 2023, there were 20 homes on the market; as of today, that number has risen to 28. As inventory grows, buyers have more options, which can create downward pressure on prices.

As we embark on a new year, the real estate outlook for Indian Ridge and the Coachella Valley remains optimistic. Here are a few key trends to watch:

• Continued Demand: Indian Ridge’s reputation as a premier community in the desert will drive ongoing interest, particularly as more people prioritize lifestyle-oriented living.

• Market Stability: While we expect price appreciation in 2025 to be moderate, the overall market is predicted to remain stable, with values holding strong.

• Opportunities for Sellers: If you’ve been considering selling your home, 2025 could be an ideal time to capitalize on the current demand. Homes priced competitively and staged well will continue to attract serious buyers and should sell quickly.

For a more complete picture of the Coachella Valley market, our attached Quarterly Report charts provide some great detailed information.

As the lead agents in Indian Ridge, we are here to provide personalized insights tailored to your specific property and goals. Together, we can ensure you make the most of opportunities in our vibrant real estate market.

If you have any questions or would like to discuss your real estate needs, please don’t hesitate to reach out. Here’s to a prosperous and fulfilling 2025!

Warmest Regards,

INDIAN RIDGE COUNTRY CLUB SALES

JANUARY 1, 2024 TO DECEMBER 31, 2024

YELLOW highlighted homes indicate DW & Associates Represented Buyer or Seller

BLUE highlighted homes indicate DW & Associates represented BOTH Buyer and Seller

HOMES SOLD BY DW & ASSOCIATES REPRESENTING SELLER

HOMES SOLD BY DW & ASSOCIATES REPRESENTING BUYER

INDIAN RIDGE QUARTERLY HOMES

HOA AVERAGE SALES PRICE

$1,215,346

$1,789,400

HOA AVERAGE SALES PRICE

$1,077,966

HOA AVERAGE SALES PRICE

$1,637,500

$1,699,000 PUD AVERAGE SALES PRICE PUD AVERAGE SALES PRICE PUD AVERAGE SALES PRICE

$1,480,034

9 12 7 TOTAL UNITS SOLD TOTAL UNITS SOLD TOTAL UNITS SOLD $14,359,000 $12,760,000 $11,770,000

VOLUME

SALES UPDATE BY CITY

4TH QUARTER OF 2023 COMPARED TO 4TH QUARTER OF 2024

$767,824 $667,707 -13.0%

$1,646,829 $1,761,828 7.0%

$463,682 $502,846 8.4%

$584,440

$1,048,835 $1,203,302 14.73%

INTERESTED IN COUNTRY CLUB HOME SALES? Visit this link or scan the QR code above to see full Quarterly Update.

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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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