Desert Sun Retreats 7/22/22

July 22, 2022

DS-GCI0890177-04

OPEN HOUSE GUIDE ~ PAGE OPEN HOUSE GUIDE ~ PAGES 2211 ~ 23

2RE | FRIDAY, JULY 22, 2022 | THE DESERT SUN

RETREATS

LOOKING FOR A PLACE WHERE THERE’S NEVER A DULL MOMENT? JOIN THE CLUB.

PRIVATE COUNTRY CLUB RESORT COMMUNITY WITH REES JONES GOLF, DINING, FITNESS, PICKLEBALL AND TENNIS. 24-HOUR GUARDED GATES WITH ROVING SECURITY

View available homes and more online at AndalusiaCC.com/Homes-For-Sale

81738 Andalusia

3,280 sq.ft. - 4BD 4.5 BA - $2,995,000

81845 Andalusia

4,126 sq.ft. - 4BD 4.5 BA - $3,775,000

SEVEN NEW MODELS UNDER CONSTRUCTION New & Resale Residences $1.1M to $3M | NEW SALES & DESIGN CENTER! Open Daily 9-5 La Quinta, California | 760.777.1000 | AndalusiaCC.com For Over 50 Years, Builder of America’s Finest Communities.

All information is deemed reliable but not guaranteed. The purchase of a residence or homesite does not include a Premier Membership. Andalusia Homes Inc. CalDRE# 00865038

DESERTSUN.COM | FRIDAY, JULY 22, 2022 | 3RE

Analyzing the Second Quarter of 2022 and What It Means for Local Real Estate Coachella Valley Market Snapshot 2 N D Q UA R T E R 2 02 2 CO M PA R E D Y E A R OV E R Y E A R A N D

$619,000 Median Sold Sale Price

up 24.2%

up 6.4%

Compared to 2021

Compared to last quarter

27

Average Days on Market

down 32.5% down 19.0% Compared to 2021

Compared to last quarter

Q UA R T E R OV E R Q UA R T E R

3,452

2,584

Homes Listed

Closed Sales (units)

up 6.8%

up 10.5%

down 23.2%

Compared to 2021

Compared to last quarter

Compared to 2021

W

e have been tracking emerging trends that could signify a shift in the market for the past couple of months. The quarterly numbers echo these same patterns, indicating a shift in the market is under way. The numbers presented below reflect trends across the desert resort region. If you would like more information about a specific neighborhood, or you are considering the sale or purchase of a Coachella Valley property, we would be honored to have the opportunity to assist you. Connect with your local Bennion Deville Homes real estate professional by visiting BDHomes.com. We will unlock possibilities for you.

What a difference a couple of months can make for a market. In our first quarter 2022 report, the sustained trends of scarce inventory, rising prices, and strong demand from the prior 12-18 months were still prominent across the valley. The numbers paint a different picture for the second quarter of 2022. Inventory is rapidly climbing while activity is heading in the opposite direction. Prices remain stable due to still low inventory, but there are signs that price growth will be modest as opposed to explosive. Despite rising inventory and lower sales activity, the sale pace remains incredibly fast, and the listing discount reflects a premium for homes, coming in above 100% again. However, as we head into the third quarter and the thick of the

up 0.5% Compared to last quarter

1.3

Months of Inventory

up 116.7%

up 85.7%

Compared to 2021

Compared to last quarter

of sales activity and the ripple effect it has across the major reporting metrics is a signal that this cooling will ultimately lead to a healthier Coachella Valley real estate market. This is welcome news for both sellers and buyers as prices remain robust, while buyers have some leverage for the first time in years.

There were 2,584 homes sold in the second quarter of 2022, a 23.2% plummet from the same quarter last year, and a slight uptick of 0.5% from the first quarter of 2022. Those sales created over $2.1 billion in sales volume, a 33% increase over Q2 2021, and a 17.3% improvement over the prior quarter. Additionally, the market welcomed 3,452 listings over the course of the quarter, a 6.8% increase over the same quarter last year and a 10.5% bump from the first quarter of 2022. Over the last 3 months, 2,641 homes went into pending status, an 18.6% drop from the same period last year and a modest 2.7% dip from last quarter. The median sale price of a home finished the quarter at $619,000, a 24.2% increase over last year and a 6.4% increase over the prior quarter. Likewise, the price per square foot was $432.00, a 30% jump over Q2 2021 and a 5.1% increase over Q1 2022. The sale pace, noted as average days on market, clocked in at a swift 27 days, a 32.5% decrease (faster) from the same timeframe last year, and a 19% decline from the prior quarter. The

summer months, these two categories may see some regression correlated to higher

listing discount, calculated by dividing the sale price by the list price, ended the

inventory and cooler demand. More properties hitting the market will give buyers additional options to consider, so we expect to see an actual listing discount return and the sale pace slow down as well. Overall these shifts are a positive sign and will ultimately lead to a better long-term outlook for desert real estate. The frenzied

quarter at +1.3%, or 101.3%, a 1.7% climb over last year and a 1.3% increase over the prior quarter. Inventory levels ended the quarter at 1.3 months, a 116.7% vault over the same timeframe last year, and an 85.7% improvement over last quarter. A balanced market is considered around 6 months. Although more homes are hitting

pace of the pandemic-era market was simply not sustainable. Recent deceleration

the market, there is still a shortage of supply to meet demand.

B D H O M E S .CO M • D R E # 0 1 3 2 5 5 4 8 • 76 0. 3 41 . 41 41

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RETREATS

OPEN HOUSES

DRE# 01325548 760.341.4141

VISIT BDHOMES.COM FOR MORE

• PALM SPRINGS • OPEN: Sat 11:00am-2:00pm/Sun 12:00pm-3:00pm

4BD/4BA Verano 26600 Avenida Quintana $699,000 Judy Koubek 760-413-4377 Sun 11-2

• RANCHO MIRAGE •

3BD/3BA The Springs Country Club $1,695,000 Leslee Effler 714-222-0199

133 Columbia Drive Sat 12-2/Sun 1-3

• PALM DESERT • 1BD/1BA Sun City Palm Desert 37640 Breeze Way $349,000 Gayle Pietras 760-636-8527 Sat 11-1

OPEN: Sat 12:00pm-2:00pm

2BD/2BA Palm Desert Resort C.C. 41530 Peach Tree Court $428,000 Mary Jeffrey 760-399-6054 Sat 10-1

LX at Vibe, Palm Springs 175 Vibe Way • $1,180,000 • 2BD/2.5BA • 2032 SF Sat: Ellen Paris 760-413-0471 • Sun: Paul Legname 914-830-7065

3BD/2BA Monterey Country Club 244 La Paz Way $524,900 Diane Schroeder 760-835-7222 Sat 1-3

2BD/2BA Casa Canyon 261 E. La Verne Way #L $459,000 Kris Rain 760-218-6079 Sun 11-1

The Springs Country Club, Rancho Mirage 147 Columbia Drive • $1,195,000 • 3BD/3.5BA • 3042 SF The Encore Premier Group • Denise Chlouber 760-774-7003

3BD/3BA Chaparral Country Club $589,000 Barbara Willie 760-668-5819

37 Conejo Circle Sun 11-1

3BD/2BA Racquet Club East 806 E. Racquet Club $1,295,000 Jeni Campa 760-902-2047 Sat 10-1

OPEN: Sat 12:00pm-2:00pm/Sun 1:00pm-3:00pm

2.5BD/3BA Sun City Palm Desert $725,000 Gayle Pietras 760-636-8527

78070 Larbrook Sat 12-2

4BD/4BA Sunrise Park $1,410,000 Alex Dethier 760-808-3300

1809 E. Park Drive Sat 11-1

4BD/3BA The Hovley Collection 40905 Avenida Estrada $775,000 Jan Weinstein 847-722-2466 Sat/Sun 11-1

2BD/3BA Biltmore Colony $1,550,000 PS Properties 760-774-4991

1545 Palm Colony Sat/Sun 12-2

3BD/2BA Palm Desert $899,000 Jim Helke 760-567-3069

73607 Haystack Road Sat 11/2

6BD/7BA Andreas Hills 1650 Ridgemore Drive $2,995,000 PS Properties 760-779-4500 Sat 11-2

The Springs Country Club, Rancho Mirage 133 Columbia Drive • $1,695,000 • 3BD/3BA • Remodeled The Encore Premier Group • Leslee Effler 714-222-0199

• CATHEDRAL CITY •

3BD/3.5BA The Springs Country Club 147 Columbia Drive $1,195,000 Denise Chlouber 760-774-7003 Sat 12-2

3BD/4BA PGA Palmer Private $797,000 Marieta Faji 760-668-3450

3BD/2BA Del Webb RM $1,199,000 Mark Wise 760-537-3070

3BD/4BA Rancho La Quinta C.C. 49380 Mission Drive W. $1,495,000 Jonathan Brandt 714-493-1182 Sat/Sun 10-1

2BD/1BA Cathedral City Cove $495,000 Randy Heyl 310-497-7983

38356 Bel Air Drive Sat 11-2/ Sun 11-1

90 Barolo Sun 11-2

• LA QUINTA • 55281 Firestone Sat 10-1

Unlock Memories Home is the place where memories are made. It sets the scene for so many of life’s treasured moments, from significant milestones to gatherings with friends and family, as well as offering a sanctuary to unwind in and enjoy the quiet. A home is so much more than a house to you, which is why you are so much more than a client to us.

Whether buying or selling a home, work with the desert’s real estate leader. We will Unlock Possibilities for you.

BENNION DEVILLE HOMES

760.341.4141

•

DRE# 01325548

DESERTSUN.COM | FRIDAY, JULY 22, 2022 | 5RE

YO U R R E A L E S TAT E E X P E RTS I N L A Q U I N TA & G R E AT E R PA L M S P R I N G S

F E AT U R E D P R O P E R T Y

LA QUINTA

Featured property represented by

TRISH MORELAND

775 530 6908 DRE License # 01337376

4 BD/ 6 BA • 3,676 SF • $1,750,000 • 50649 Cereza

PGA WEST

LA QUINTA

PGA WEST

PGA WEST

LA QUINTA

$750,000 • 3 BD/ 4 BA, 2,272 SF 56312 Pebble Beach

$615,000 • 3 BD/ 2 BA, 1,372 SF 78600 Bradford

$749,000 • 3 BD/ 3 BA, 1,918 SF 54481 Oakhill

$599,000 • 2 BD/ 2 BA, 1,330 SF 55538 Riviera

$1,895,000 • 4 BD/ 5 BA, 3,289 SF 81735 Macbeth

Linda Olsen 760 485 6889

Rick Eisenhart 760 668 0550

Gregg Gard 310 592 8200

Gail Weisler 760 413 9061

Joni Prosser 760 902 8536

PALM DESERT

RANCHO MIRAGE

LA QUINTA

PGA WEST

PGA WEST

$445,000 • 2 BD/ 2 BA, 1,091 SF 41931 Preston

$649,000 • 3 BD/ 3 BA, 2,420 SF 618 Desert West

$574,000 • 3 BD/ 3 BA, 2,121 SF 78139 Calle Norte

$629,000 • 2 BD/ 2 BA, 1,330 SF 55066 Shoal

$1,980,000 • 4 BD/ 5 BA, 3,880 SF 80095 Merion

Molly Kazmer 760 409 0858

Mary L Williams 760 567 7282

Karista Smith 760 641 6895

Barbara Klein 760 392 1523

Marshall Harris | Betty Harris 760 250 9858 | 760 777 6555

7 6 0 . 5 6 4 .1 2 0 0

|

BUYING • SELLING • LEASING C A L I F O R N I A L I F E S T Y L E R E A LT Y. C O M | D R E # 0 2 0 6 3 3 5 9

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DESERTSUN.COM | FRIDAY, JULY 22, 2022 | 7RE

Right

meow

Natural colors and a simple design help PetPals paper rope cat condo blend nicely with your décor — and the sisal scratching posts paired with two spots for snoozing mean your kitty will dig it, too. $93.99 at petsmart.com.

Modern finds for furry friends

The KATRIS Modular Cat Tree bundle is a creative way to give feisty felines places to climb and scratch – and it works as stylish storage for humans, too. $359.95-$399.95 at shop.katriscat.com.

This smartly designed Baxton Studio Vere litter box cover keeps the box hidden from view and doubles as a side table. $173.99 at chewy.com.

USA TODAY NETWORK

Fido and Kitty don’t have to destroy your design vibe. These sleek and stylish pet products elevate your home’s aesthetic.

Hauspanther’s set of three eco-friendly wool felt cat toys are the purr-fect minimalist playthings, scented with kitty-pleasing lanolin. $8.99 at shop.hauspanther.com.

Best Friends by Sheri’s pet bed and throw blanket bundle is cozy and calming from its color scheme to its fluffy design. $49.95 at amazon.com.

Simply styled with strong nylon and captivating colors, the Sleepypod Everyday Collar is lightweight, durable and an excellent addition to your pooch’s aesthetic. $21.59 at sleepypod.com.

8RE | FRIDAY, JULY 22, 2022 | THE DESERT SUN

RETREATS

Tidy up your patio with a stylish, spacious outdoor storage box Liv Birdsall, Rachel Murphy Reviewed.com | USA TODAY NETWORK

Warmer weather is here and if you’re spending more time on your backyard patio hosting barbecues and movie nights under the stars, it’s time to hide the clutter with an outdoor storage box. While you may love your belongings, to make space for more people and hide away the less decorative items – like leaf blowers, firewood and pool toys –you’ll want an outdoor storage box. garage or gazebo space. When closed, the squarish storage box can work as a side table for food and drinks or become an additional seat. $55 at Walmart

When it comes to outdoor storage boxes, you’ve got options. From a large outdoor storage box to a small one, there are ways to stash all sorts of outdoor stuff in stylish ways. And don’t worry about the weather – a waterproof outdoor storage box can handle heavy downpours.

Here are some outdoor storage boxes to organize your messy patio.

3. Palm Harbor Outdoor Wicker Storage Bin

1. Keter Brightwood Deck Box This outdoor storage bin doubles as a bench. It can hold 120 gallons, which translates to numerous pool toys, plenty of gardening supplies, or a full table’s worth of seat cushions and tablecloths.

The box is water-, UV- and rust-resistant. It is also lockable to keep your items safe. You can move the box easily due to its recessed handles, or you can leave it in place to create up to two extra seats on your patio. $180 at Walmart

Love wicker?

This Suncast petite deck box is perfect for you.

REVIEWED/ SUNCAST

The Keter Brightwood Deck Box offers a faux-wood design that is functional and stylish. REVIEWED/KETER

2. Suncast Outdoor 22-gallon Resin Deck Box with Seat This small storage box is perfect for those with small outdoor spaces or someone looking for a box that could

also work as a side table. The bin is has enough space to store outdoor linens, throw pillows or grill equipment.

The outer resin material is water-resistant and UV-resistant for up to five years, but you could also use this bin in a

The Palm Harbor Outdoor Wicker Storage Collection has everything from storage bins to coolers to towel valets.

REVIEWED/WEST ELM

The Palm Harbor Outdoor Wicker Storage Bin from West Elm will elevate your outdoor space’s style while also making more room. Tuck away items like toys and tools in this easy-to-open storage bin.

The bin’s exterior is made with UVresistant resin wicker, and the legs provide enough lift for you to still be able to clean beneath the bin. This outdoor storage box isn’t water resistant, so it’d be best on a porch or beneath a pergola. $159 at West Elm See STORAGE, Page 9RE

DESERTSUN.COM | FRIDAY, JULY 22, 2022 | 9RE

This sturdy Costway deck storage box, made from wood, gives other materials a run for their money.

REVIEWED/COSTWAY

Storage Continued from Page 8RE

4. Costway 47-gallon Deck Storage Acacia Wood Organization Bin This stylish outdoor storage box is made from acacia wood and can hold up to 355 pounds of gardening tools, exercise equipment and outdoor kids toys.

The flip-style lid makes it easy to load up with your outdoor mess in this spacious bin, which spans 45inches long by 16-inches wide by 15-inches tall.

It’s a stylish take on a traditional plastic outdoor deck storage box that you could also use as an extra seat when it’s not actively in use. $170 at Walmart

The Keter 37-gallon round deck box looks like an ottoman but it doubles as a place to store your seasonal goodies. REVIEWED/KETER

for storage outdoor couch cushions and pillows in. Use it as an extra seat or situate it between two Adirondack chairs for use as an outdoor coffee table. $150 at Amazon

6. Barton Outdoor 51-gallon Deck Box For a compact outdoor storage box, this UV-resistant option has a 22-gallon interior for smaller outdoor accessories like grill tools, pool supplies and extension cords. The wood-look texture is made from weatherresistant resin that can withstand seasons of sun, rain and other types of exposure to outdoor elements. $90 at Walmart

7. Rubbermaid Mini Deck Box

The Keter 37-gallon round deck box is made out of weather-resistant resin. The polypropylene construction helps combat rusting, peeling and denting so you can enjoy this round waterproof outdoor storage box for many seasons to come.

It comes in two colors, brown and black, and is ideal

This outdoor storage box is small enough for apartment balconies and other compact outdoor spaces.

Made in the USA from durable resin, this box has double-wall construction to protect your favorite outdoor items like garden gloves and bags of bird seed.

This mini deck storage box is ideal for use in hot weather and is UV-resistant, as well as in cold weather, as it says it will resist cracking in frigid temperatures. $40 at Amazon

Stuff everything from pillows to swimming gear in the Rubbermaid Mini Deck Box. REVIEWED/RUBBERMAID

Sit on your storage unit in some serious style with this Keter bench. REVIEWED/KETER

5. Keter Circa Round Deck Box

The Barton Deck Box is so compact, it can fit between two patio couches. REVIEWED/BARTON

8. Keter Solana Storage Bench This 70-gallon outdoor bench is weather resistant and it has built-in storage. Sometimes sitting upon a storage box isn’t the most comfortable idea, so having a bench with a backrest is a wonderful alternative.

The bench’s seat lifts up for easy access to items like pillows, blankets, gardening supplies or lawn games.

The bench is made from weather-resistant polypropylene that looks like wood and is a space-saving option for patios and porches alike. $95 at Walmart

9. Volume Outdoor Square Storage Side Table This outdoor side table from West Elm is rustic, minimal, weathered, and practical all at the same time. The flat top is perfect for playing a game upon, styling with plants, or holding you food and drinks.

The top lifts for internal storage, but the stylish design makes it look more like a table than a storage box.

Made from sustainably sourced wood and available in three beach-inspired shades, the bin is sure to fit in with your style. $399 at West Elm See STORAGE, Page 10RE

The Volume Outdoor Square Storage Side Table is both rustic and minimal. REVIEWED/WEST ELM

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RETREATS

Storage Continued from Page 9RE

10. Cosco Home Deck Box This practical outdoor storage box can hold up to 180 gallons, making it one of the largest on this list. It’s ideal for containing your outdoor accessories and would be great next to a pool because it’s water-resistant.

The lid can be locked to keep animals or intruders out, as well as wind or rain.

The tan, wood-like exterior is stylish and practical for any type of climate. $173 at Wayfair

11. Rubbermaid Resin Outdoor Storage Shed Though this resin model from Rubbermaid is listed as a storage shed, it also works like a bin with a lift top and takes up the same amount of space. In addition to being water resistant and lockable, this storage solution’s design features two levels. Keep the front doors closed and use the shelves to stack and

You can’t go wrong with a classic option paired with a neutral color by Cosco. REVIEWED/COSCO

Accompanied by a key for security, your belongings are sure to remain safe while outdoors with this Rubbermaid container.

REVIEWED/RUBBERMAID

store different items. Or, open it up and leave the lid down to access everything from the front.

This outdoor storage box is versatile, having two layers of space and can keep things separated, like cleaning supplies and deck pillows, to keep everything neatly organized in one place. $310 at Amazon

12. Suncast Resin Outdoor Storage Bench Chair

This outdoor storage bench chair adds extra space to your patio. The seat lifts up offering a 31-gallon storage capacity with a snap close lid.

The design does not have any openings, so you can safely store cushions and more without having to worry about water or sun damage. $99 at Walmart There’s a lot more where this came

2022 RETREATS

N E W A D S • N E W L O O K S N E W O P P O R T U N I T I E S

Please Provide to Us:

Oasis Country Club

1. Color photo of home to use

Oasis C.C. On-Site Sales

2. Agent Name and Color Photo, Broker Name, BRE#, MLS# & Company Logo.

Office Is Open 10-4

3. Address of Home, City & a max. of 20 word description of your property.

Monday ~ Saturday

Starting at $99.99 per property!

With Multiple weeks, as low as $74.99 each!

Deadline/Space Reservations and Materials Due: 5pm Wednesday

For more information call (760) 778-4517 or email realestateads@the desertsun.com DSGCI0843531-04

Enjoy a seat and stay a while on the Suncast Resin Outdoor Storage Bench Chair. REVIEWED/SUNCAST

Jeff Overman Cal BRE# 1478355

Rae Crogan

Cal BRE# 1467819

Office # 760-200-0522 The Oasis CC is member owned and operated

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Prices were accurate at the time this article was published but may change over time.

DESERTSUN.COM | FRIDAY, JULY 22, 2022 | 11RE

To list your open house visit: DesertSun.com/ohg

OPEN HOUSES LA QUINTA La Quinta

PGA West 54563 Inverness Way 62.50 Sat & Sun 11-1 Remodeled Condo Patty Bauer, Realtor Compass CalDRE# 02058478 949-279-1801

PALM DESERT Palm Desert

Desert Breezes 43762 Avenida Alicante

Palm Desert

Sun City Palm Desert 78301 Rainbow Drive $859,000 Saturday 11-1:30 Million Dollar Views Plus!

Sun City Sisters HomeSmart CalDRE# 01933696 760-567-8903

$425000 Sat 12 - 2 pm 2/2 Condo Rental AllowedDebbie Behlman, Realtor BHHS CA Properties CalDRE# 01473940 7605744612

Plan your tour online! Search our open house directory at desertsun.com/homes

12RE | FRIDAY, JULY 22, 2022 | THE DESERT SUN

RETREATS

Toscana. This is where it gets good.

VIEW VIRTUAL MODEL HOMES & PROPERTIES ONLINE AT TOSCANACC.COM

75595 Via Cortona

3,724 sq. ft. • 4 BD 4.5 BA • $3,275,000

Luxury Properties & Estates Available 36 HOLES OF JACK NICKLAUS SIGNATURE GOLF | SPA BELLA VITA | CASUAL & FINE DINING SPORTS CLUB, TENNIS, PICKLEBALL | 24-HOUR GUARDED GATES WITH ROVING PATROL All information is deemed reliable but not guaranteed. The purchase of a residence or homesite does not include a membership at Toscana nor any rights to use the private Club facilities. Toscana Homes Inc. CalDRE# 01039791

760.772.7000 | toscanacc.com