OPEN HOUSE GUIDE ~ PAGES 22 ~ 23 AUGUST 19, 2022 OPEN HOUSE GUIDE ~ PAGE 11DS-GCI0890182-03
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 36 HOLES OF JACK NICKLAUS SIGNATURE GOLF | SPA BELLA VITA | CASUAL & FINE DINING SPORTS CLUB, TENNIS, PICKLEBALL | 24-HOUR GUARDED GATES WITH ROVING PATROL Luxury Properties & Estates Available VIEW VIRTUAL MODEL HOMES & PROPERTIES ONLINE AT TOSCANACC.COM 760.772.7000 | toscanacc.com Toscana. This is where it gets good. 75595 Via Cortona 3,724 sq. ft. • 4 BD 4.5 BA • $3,275,000 2RE | FRIDAY,AUGUST 19,2022 | THE DESERT SUN RETREATS
up 3%
544
Snapshot $590,000 Median
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JULY 2022 COMPARED MONTH OVER
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Price up 18.0% Compared
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A shift in the Coachella Valley real estate market is under way, as we have noted for the past couple of months and in our most recent quarterly market report. The July 2022 data suggests that the market is continuing this course with no indication of a direction change. Read on for our analysis of the numbers and what we see for the remainder of the summer months. The data and analysis below provide a snapshot of the desert resort cities region. If you are interested in learning more about what the market is doing in a specific city, community, or neighborhood, please connect with your local Bennion Deville Homes real estate professional. Visit BDHomes.com to get started. We will unlock possibilities for you. Signs of reversing the pandemic-era real estate market trends are prominent in the July 2022 data. Sales activity dropped month-over-month again, inventory levels grew, and the sale pace slowed. Although the number of homes available is still at a low level, slowing activity coupled with the reemergence of a listing discount hint that the market is correcting to a more sustainable level. Accounting for these market indicators, buyers are wresting more power away from sellers at the bargaining table and will continue to see an improved negotiating position. Although we can’t offer a definitive cause for this course correction, there are a couple that stand out. Interest rates remain at higher levels, pushing some buyers to the sidelines. Meanwhile, cash buyers may be approaching a large purchase with more caution as the economy enters uncharted territory, showing mixed signals about its ultimate direction. Additionally, there is a perception that home values are reaching a peak, lending pause to buyers who can patiently wait for things to turn in their favor. Given the direction of the local housing market and how activity has slowed, we anticipate the remaining summer months will follow the same path of growing inventory, slowing activity, and flattening price growth. This is viewed as a necessary step to establish a sustainable market and positive long-term outlook. For those considering a change, now is a good time to sell; inventory levels remain just above historic lows and homes are still fetching strong prices, especially for those who purchased within the last several years. The fall and winter months are traditionally a busier time for listings hitting the market. It is a good time to catch the eye of buyers who are searching for a home in advance of peak season.
1,489 Active Listings up 99.1% Compared
Examining the July 2022 Coachella Valley Real Estate Market
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6.9%
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BDHOMES.COM • DRE# 01325548 • 760.341.4141
last month 34 Average
Consider acting before more competition for their attention materializes. There were 544 homes sold in the month of July, a 39.3% drop from the same month last year and a 27.8% decline from the prior month. Those sales accounted for just over $499 million in sales volume, a 0.1% upward nudge from last July and a 25.7% dip from June of this year. The market welcomed 846 homes in July, a 15.1% drop from last July and a 24.5% decline from June. The month saw 738 homes go under pending status, an 11.2% decline from the same month last year but an 8.7% increase over the prior month this year. The median sale price of a home ended the month at $590,000, an 18% improvement over the same month last year but a slight 1.7% dip from June. Similarly, the price per square foot averaged $388.00 at the end of the month, a 17.6% increase year-over-year and 7.4% drop month-overmonth. The average days on market, known as the sale pace, clocked in at 34 days on average to sell a home, a 3% increase (slower) from last year and a 25.9% jump from the month prior. The listing discount, calculated by dividing the final sale price by the list price, ended the month at 99%, or showing a 1% discount, a 2% drop from the same time last year and a 1% dip from the previous month. The month ended with 1,489 homes for sale, a 99.1% increase year-over-year and a 6.9% bump month-over-month. Overall, there are 2.7 months of inventory available, a 237.5% jump from the same month last year and a 50% monthly increase. A balanced market is considered around 6 months. Although buyers are gaining more leverage in negotiations, inventory is still scarce enough to give sellers an advantage. Valley Market Sale to 2021 down to Days Market to 2021 Compared to 2021 up Compared to month down 27.8% Compared to last month up 50.0% Compared to last month up 25.9% Compared to last month Closed Sales (units) down 39.3% Compared to 2021 2.7 Months of Inventory up 237.5% Compared to 2021 MONTH YEAR
OPEN HOUSES VISIT BDHOMES.COM FOR MORE DRE# 01325548 760.341.4141 • PALM SPRINGS • 2BD/2BA Biltmore 1406 S. Camino Real $370,000 Ann Tennyson 760-469-9389 Sat 11-1 2BD/3BA Four Seasons 3690 Date Palm Trail $725,000 Pam Satterfield 760-799-9334 Sun 11:30-2:30 2BD/3BA The Vibe 175 Vibe Way $1,180,000 Ellen Paris 760-413-0471 Sat 11-2/Sun 12-3 3BD/3BA Tahquitz River Estates 1580 E. Mesquite Avenue $1,888,000 Mark Wise 760-537-3070 Sat 11-1 • CATHEDRAL CITY • 4BD/3BA Cathedral City Cove 37897 Ronald Court $839,000 Dan Flogel 760-898-2991 Sun 12-3 • RANCHO MIRAGE • 3BD/3.5BA The Springs Country Club 147 Columbia Drive $1,195,000 David Tallman 760-285-5922Sat/Sun 12-3 3BD/3BA The Springs Country Club 15 Lafayette Drive $1,295,000 Encore Premier Group 760-328-8898 Sat /Sun 12-3 3BD/2.5BA Sun City Palm Desert 78070 Larbrook $649,000 Gayle Pietras 760-636-8527 Sat/Sun 12-4 4BD/3BA The Hovely Collection 40905 Avenida Estrada $750,000 Jan Weinstein 847-722-2466 Sat 11-1 • LA QUINTA • 3BD/2BA La Quinta Cove 51365 Avenida Velasco $549,000Dan Stuart 619-677-0900 Sat 12-3/Sun 1-3 3BD/2BA La Quinta Cove 54770 Avenida Ramirez $569,999 DW & Associates 760-776-7070 Sat 11-2 4BD/3BA Esplanade 79866 Parkway Esplanade S. $749,000 Clair Brennan 760-574-0269 Sat 11-1/Sun 10-2 3BD/2BA La Quinta Cove 54030 Eisenhower Drive $848,500 Randy Steele 760-534-4199 Sat 11-2 • BERMUDA DUNES • 3BD/3.5BA Bermuda Dunes Country Club 79920 Nassau Place $779,000 Stella Pace 860-690-4472 Sun 11-2 • INDIO • 2BD/2BA Sun City Shadow Hills 38555 Camino Aguacera $475,000 Sal Alwishah 760-289-0800 Sat/Sun 11-1 OPEN: Sat/Sun 12:00pm-3:00pm The Springs Country Club, Rancho Mirage 147 Columbia Drive • $1,195,000 • 3BD/3.5BA • 3042 SF The Encore Premier Group • David Tallman 760-285-5922 OPEN: Sat 11:00am-3:00pm, Dial David for Gate Code Mirage Cove, Rancho Mirage 30 Cresta Verde Drive • $1,650,000 • 3BD/3BA • 3051 SF • Pool/Spa/Views! David Banks • 760-408-9000 • PALM DESERT • 3BD/2BA Monterey Country Club 332 Villena Way $609,000Michelle White 760-799-0560 Sat 2-4/Sun 11-2 Go With The Proven Desert Leader Bennion Deville Homes has the proven results to help you with your desert real estate needs. Whether buying or selling, we will Unlock Possibilities for you. Source: Greater Palm Springs Multiple Listing Service, who are not responsible for its accuracy. Analysis dates are 01/01/2021 - 12/31/2021. Copyright ©2022 Real Data Strategies, Inc. All rights reserved. Does not reflect all results or all activity in the marketplace due to space limitations and editorial intent. RESIDENTIAL SALES • NOTABLE BROKERAGES CLOSED SALES VOLUME • JANUARY - DECEMBER 2021 $500M$1.5B$1B$0$2B BH $630 M KW $1.27 B CPCBHS $727 M SBBDH $3.1 BILLION $1.15 B $826 M $784 M BDH Bennion Deville Homes KW Keller Williams CP Compass HS HomeSmart CB Coldwell Banker SB Sotheby’s Intl. Realty $2.5B$3B $2.34 B Additional $ volume not reported in MLS. BH Berkshire HomeServicesHathaway 4RE | FRIDAY,AUGUST 19,2022 | THE DESERT SUN RETREATS
YOUR REAL ESTATE EXPERTS IN LA QUINTA & GREATER PALM SPRINGS BUYING • SELLING • LEASING 760.564.1200 | CALIFORNIALIFESTYLEREALTY.COM | DRE #02173353 EQUAL OPPORTUNITYHOUSING Featured property represented by DARIANN CAPRI DIAZ 760 636 2898 DRE License # 02038760 FEATURED PROPERTY LA QUINTA 3 BD/ 4 BA • 2,680 SF • $950,000 • 50195 Doral $999,000 • 3 BD/ 4 BA, 2,272 SF 80544 Pebble Beach Gregg Gard | Dariann Capri Diaz 310 592 8200 | 760 636 2898 PGA WEST $1,750,000 • 4 BD/ 6 BA, 3,676 SF 50649 Cereza Trish Moreland 775 530 6908 THE CITRUS CLUB $599,000 • 3 BD/ 3 BA, 2,420 SF 618 Desert West Mary L Williams 760 567 7282 RANCHO MIRAGE $850,000 • 2 BD/ 2 BA, 2,010 SF 78025760KathyCoronadosSchowe3338886 LA QUINTA COUNTRY CLUB $1,895,000 • 4 BD/ 5 BA, 3,289 SF 81735 Macbeth Joni Prosser 760 902 8536 LA QUINTA $1,200,000 • 3 BD/ 4 BA, 3,103 SF 80030 Cedar Crst Linda Olsen 760 485 6889 PGA WEST $619,000 • 2 BD/ 2 BA, 1,330 SF 55066 760BarbaraShoalKlein3921523 PGA WEST $799,000 • 4 BD/ 3 BA, 2,014 SF 82992760DevinLongfellowCarrillo4094776 INDIO $599,000 • 3 BD/ 2 BA, 1,372 SF 78600 Bradford Rick Eisenhart 760 668 0550 LA QUINTA $724,900 • 4 BD/ 4 BA, 2,620 SF 82741 Ferro Karista Smith 760 641 6895 INDIO DESERTSUN.COM | FRIDAY,AUGUST 19,2022 | 5RE
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This Frisco Retro CD player catnip toy gets its sound from crinkle paper inside. $3.65 at chewy.com.
Felines like to think they’re refined and elegant, but cat lovers know the truth –they’re comic geniuses. These awesome finds are just the material they need to keep you entertained. funny Cat products with whimsy USA TODAY NETWORK
Feline
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ABOVE: Looking for a scratcher and climber cactus-shapeddesert?WhiskersMr.won’tThis one from purr-fect.Scratchin’EveryYayis$36.45 at petco.com.LEFT:Happy & Polly’s red airplane cat tree is perfect for a com.athousehold.multipet$189.99happyandpolly.
The Luckitty coconut palm tree scratching post feels like paradise for felines. $49.99 at amazon.com.
The Tuft and Paw Stellar cat bed provides a stylish, cozy cocoon for your kitten. $299 at tuftandpaw.com.
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There are many styles of swimsuits and trunks to choose from for your next beach outing. CAT SeeBEACH,Page9RE
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Essentials for a perfect beach day
1. Pack your swimsuit Arguably the most important element of going to the beach: make sure you have a bathing suit. While you could take a swim in your jeans, we don’t recommend it. Even if you already have swimwear in your closet, you might need a different size than before, your old suit might not be in the best shape or perhaps you just want to try out a new design. Whether you’re looking for swimming trunks or a swimsuit, stores such as Amazon offer a variety of stylish and comfortable options to choose from. The best part of summer: going to the beach. GETTY IMAGES/NDINFINITY
After a busy week, it can be nice to get out of the house and take a trip somewhere nice to relax and recharge. Since it’s summer, the beach is the perfect destination. While going to the beach is fun, it requires a lot more preparation than, say, a trip to the dog park. We’ll walk you through all the things you should have on your beach checklist to make the most out of your time in the sun.
Kaleb A. Brown Reviewed | USA TODAY
REVIEWED/OZARK Grab this filtered water bottle before your next beach trip.
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It’s important to stay hydrated all the time, but particularly when you’re at the beach and baking in the sun. While there’s ample water at a beach, we highly advise against drinking seawater. Instead, we recommend buying a reusable water bottle such as the one offered by Brita. Its stainless steel will keep your water cool for up to 24 hours and the powerful filter keeps funky odors at bay. $29.90 at Amazon A good towel will keep sand at the beach instead of bringing it back home. REVIEWED/PACKTOWL A beach chair is perfect for lounging in comfort.
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$43.95 at QVC
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This sturdy beach umbrella makes for great shade.
2. Bring a quality beach towel Whether you plan to spend most of your time swimming or lounging on the sand, a beach towel is going to be essential for your trip. Ideally, a beach towel can both keep off sand and quickly dry swimmers. Unfortunately, many beach towels only do one of these tasks adequately. PackTowl’s beach towel, however, absorbs four times its weight in water and effectively sheds sand.
REVIEWED/QVC Opt for a tent when you want even more space to stay out of the sun. NINJA
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$44.95 at Amazon 3. Lounge on a beach chair Laying or sitting on a towel isn’t for everyone. If you’re looking to sit back and relax a few more inches off the ground (and sand), then you should bring a beach chair to your next shoreline excursion. The Tommy Bahama Beach chair features five reclining positions, as well as several areas to store your belongings. Whether you’re winding down your beach day or just getting started, it comes with convenient backpack-like straps that make it easy to transport. $74.80 at Amazon 4. Keep covered with a beach umbrella Going to the beach doesn’t have to end with you getting absolutely baked by the sun. An umbrella is a good way to get some shade while still enjoying the beach. Beach umbrellas are known to blow away in the wind, so consider getting this 4.9-star rated Oniva portable umbrella, which reviewers state is “lightweight, easy to carry and sets up easily in the sand.”
5. Opt for more shade with a beach tent Thanks to their larger size, beach tents provide even more shade than umbrellas and protect from more angles of exposure to the sun. The Sun Ninja Beach Tent is one of the best, with builtin UPF protection that keeps harmful rays of the sun at bay. Its versatility lends itself to many outings and Reviewed home editor Leigh Harrington agrees, recommending this tent for fun days in the sun. $159.95 at Amazon 6. Lather on sunscreen Sunscreen provides great protection against harmful sun rays and should be applied anywhere your skin is exposed to sunlight (yes, including your scalp). Sunscreen has a reputation for feeling thick and greasy on your skin, but users of Aveeno Positively Mineral SPF 50 Sunscreen Stick report that it doesn’t leave you feeling either of these things. Plus, it’s water-resistant. For the face, we recommend the EltaMD UV Clear Broad-Spectrum SPF 46 as it blends fully in and doesn’t feel greasy. You can also wear UPF clothing, which is clothing that protects against the ultraviolet radiation of the sun. $13.29 from Amazon $32.49 from Zulily 7. Shield your food and drinks from the heat Why not make the beach an all-day affair by bringing food to grill and beverages to drink? Storing them in a cooler will keep your lunch and drinks refrigerated until they’re ready to be consumed. We found the Ozark Trail 52-Quart Cooler to be the cooler with the greatest value. It’s roomy and has several useful features like a removable wire rack and even a bottle opener. Plus, it keeps meat cool for up to four days. $129 at Walmart 8. Stay hydrated under the hot sun
If you’re bringing food and drinks, then pack them in a cooler.
10. Have fun with the kids People of all ages deserve to have fun in the sun. Thankfully, there are many toys that you can bring to the beach to keep your child happy. Few things say “beach” louder than a colorful beach ball and thanks to Big Mo’s Toys, you can get a pack of 12 of colorful and durable beach balls that can be enjoyed by kids of all ages. You can also buy a bucket and shovel set, which is perfect for sand adventures like building sandcastles and digging big holes for playing in. Hey, use your imagination. $24.99 at Amazon $13.99 at Amazon 11. A beach bag to hold it all Last but certainly not least, you’re going to need a beach bag to hold your many belongings. Deputy Head of Audience Rachel Moskowitz loves this beach bag by Bluboon saying it’s large enough to hold all her belongings and waterproof to keep them safe. It has many convenient pockets, including a wet compartment to hold used bathing suits and towels so they won’t contaminate the rest of your things. $21.24 at Amazon There’s a lot more where this came from.Sign up for our weekly newsletter to get all our reviews, expert advice, deals and more The product experts at Reviewed have all your shopping needs covered. Follow Reviewed on Facebook, Twitter, Instagram, TikTok or Flipboard for the latest deals, product reviews and more. Prices were accurate at the time this article was published but may change over time. A JBL speaker or a Kindle can go a long way in making sure you don’t get bored.
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2022 RETREATS For more information call (760) 778-4517 or email realestateads@the desertsun.com Please Provide to Us: 1. Color photo of home to use 2. Agent Name and Color Photo, Broker Name, BRE#, MLS# & Company Logo. 3. Address of Home, City & a max. of 20 word description of your property. Starting at $99.99 per property! With Multiple weeks, as low as $74.99 each! Deadline/Space Reservations and Materials Due: 5pm Wednesday NEW ADS • NEW LOOKS NEW OPPORTUNITIES DSGC 0843531-04 Office # 760-200-0522 The Oasis CC is member owned and operated Jeff Overman Cal BRE# 1478355 Rae Crogan Cal BRE# 1467819 Oasis Country OClub asis Country Club Oasis C.C. On-Site Sales Office Is Open 10-4 Monday ~ Saturday 10RE | FRIDAY,AUGUST 19,2022 | THE DESERT SUN RETREATS 9. Kick back and enjoy some entertainment Part of the fun of going to the beach is the entertainment like reading a good book or blasting music. Pack a Bluetooth speaker so that you and your friends can listen to your favorite songs—just be mindful of others that are nearby who might also be trying to listen to tunes. We recommend the JBL Flip 6 because it’s waterproof and provides excellent sound quality. If you prefer to read on the beach, then we recommend getting a Kindle which gives you access to thousands of titles at your fingertips. We love the Kindle Paperwhite for its large, crisp display that automatically adjusts its brightness making it the perfect reading device to have under the sun. $129.95 at JBL $139.99 at Amazon
You’re going to need a sizable bag to carry all of your things to the beach.
DESERTSUN.COM | FRIDAY,AUGUST 19,2022 | 11RE PALM DESERT OASIS C C - LUXURIOUS INTERIOR WITH 42206 Sand Dune Dr. Quality Finishes $510,000.SATURDAY 11:30-1:30 Golf Course & Mtn Vws Dual Masters & 3/BA, Agent Rosenthal & Associates CalDRE# 00475083 760-898-1071 CHAPARRAL C.C., COMPLETE REMODEL 89 Camino Arroyo No. GORGEOUS! $624,000.SAT & SUN 11-2 3BD/2-1/2BA Golf Course/Mtn Vws, Broker Rosenthal & Associates CalDRE# 00475083 760-567-4101 OPEN HOUSES To list your open house visit: DesertSun.com/ohg Plan your tour online! Search our open house directory at desertsun.com/homes
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 For Over 50 Years, Builder of America’s Finest Communities. PRIVATE COUNTRY CLUB RESORT COMMUNITY WITH REES JONES GOLF, DINING, FITNESS, PICKLEBALL AND TENNIS. 24-HOUR GUARDED GATES WITH ROVING SECURITY New & Resale Residences $1.1M to $3M | NEW SALES & DESIGN CENTER! Open Daily 9-5 La Quinta, California | 760.777.1000 | AndalusiaCC.com 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 81545 Carboneras 3,059 sq.ft. - 3BD 3.5 BA - $2,495,000 LOOKING FOR THE PERFECT MATCH? JOIN THE CLUB. 12RE | FRIDAY,AUGUST 19,2022 | THE DESERT SUN RETREATS
