Desert Sun Retreats 12/30/22

$570,000

Median Sale Price

down 4.7%

Compared to last month

Reviewing the November Coachella Valley Real Estate Market

Coachella Valley Market Snapshot

NOVEMBER 2022 COMPARED MONTH OVER MONTH AND YEAR OVER YEAR

43

Average Days on Market

up 3.8%

Compared to 2021

down 4.4%

Compared to last month

up 26.5% Compared to 2021

1,978

Active Listings

up 5.6% Compared to last month

Heading into the final month of the year, the desert real estate market’s path is crystalizing. The November figures demonstrate a continuation of trends from the prior months, leading to a clearer picture of where things are heading to close out 2022. As you get into our recap, please keep in mind that our market analysis covers the Coachella Valley’s resort cities from Palm Springs to Indio. If you are interested in finding out more about a specific city, community, or neighborhood, contact your local Bennion Deville Homes real estate professional. We will unlock possibilities for you.

The previous two desert real estate seasons have been anything but normal and the data from November shows that we are in for another stretch of “unprecedented” times. Overall sales activity continues to decline, coming in at half of what it was last year and down about 20% from October. Although the market tends to slow down during the holidays, the total figure is lower than usual. That deceleration of activity impacts several categories, including the number of homes for sale, which ended up significantly higher than the prior year, and the previous month. Despite rising inventory levels, the number of new listings entering the market is slowing, down by large margins compared to October of this year and November of last year. We also see homes selling at deeper discounts on average, coming in at 3% for the first time in years, whereas there was no

up 173.6% Compared to 2021

397

down 8.7% Compared to last month

Closed Sales (units) down 49.2% Compared to 2021

up 16.3% Compared to last month

5 Months of Inventory up 455.6% Compared to 2021

discount last November. The sale pace continues to stretch past 40 days, significantly slower than it was last year but showing to be a bit faster than the prior month. In the long run, this figure is expected to continue to slow down. The median sale price was up almost 4% year-over-year but dipped by over 4% month-over-month. This is something to keep an eye on if activity continues to stay sluggish. Sellers will have to adjust prices to attract buyers. However, prices are still healthy, and any price regression should be modest due to still historically low inventory levels.

It is becoming clearer that the market pace is decelerating, even outside of traditional holiday seasonality. We have been predicting this for some time, and view this as an overall positive shift. Prices are still healthy and at stable levels, and the growing inventory gives buyers more options to consider when they decide to jump into the market. A realignment of these conditions is good for the long-term health of the desert’s real estate market, and it still presents opportunities for both buyers and sellers to be successful with achieving their goals. Sellers who have owned their home for many years are in position to realize sizeable gains in equity, and buyers have more leverage in negotiations than they have had in years. Regardless of your needs, consult with your Bennion Deville Homes real estate professional to go over your options and to figure out the best strategy for your situation.

OPEN: Sat 12:00pm-3:00pm

OPEN: Sat 1:00pm-3:00pm

• RANCHO MIRAGE •

3BD/3BA Mirage Cove 23 Alta Vista $1,350,000 Mike Bass 760-777-2449 Sat 1-3

2BD/2BA Ironwood Country Club 73465 Poinciana Place $749,000 Marilyn Ford 760-567-8980 Sat 11-2

Go luxe with a lush velvet tack-stitch quilt. $120-$132 at West Elm.

Woven with premium cotton sateen, this scallop duvet cover offers a classic look. $328-$428 at Serena &Lily.

Get cozy with fresh quilts, duvets and sheet sets.

The Jardin Toile duvet cover features hidden button closures and interior corner ties. $149-$199 at ballarddesigns.com. USA TODAY NETWORK PHOTOS

Garnet Hill’s Signature down alternative all-season comforter is filled with hypoallergenic poly fibers. $179-$279 at Garnet Hill.

Available in an array of colors, this Belgian flax linen handcrafted quilt provides casual luxury. $249-$349 at Pottery Barn.

This hemp fiber sheet set is light and naturally breathable. $269.95$299.95 at Crate&Barrel.

Treat your tree with care

Although an artificial Christmas tree may cost a bit more than a real tree off the bat, it boasts a lifespan of around 10 years (a bit less if it’s fully lighted). So, consumers can consider it an investment.

According to an annual survey conducted by the American Christmas Tree Association, artificial Christmas trees are also quite the crowd pleasers when it comes to the ongoing real-vs-fake tree battle. Of the nearly 96 million U.S. households displaying a Christmas tree in 2019, 81% of those were artificial.

Not to mention that with the cost of real trees rising, thanks to extreme weather in the Pacific Northwest and Midwest, supply chain congestion, and shipping container shortages, this number is poised to rise in coming years.

So, once you’ve committed to a 10-year financial investment and found the artificial Christmas tree of your dreams, you’ll want to know how to store a Christmas tree to keep this hero of holiday décor in top form for the duration of its lifespan.

Here’s how to store your artificial Christmas tree after the holidays

Cheryl Fenton Reviewed.com | USA TODAY NETWORK

When it comes time to take it down and store it until next season, make the wrong move and your investment can get bent, shed plastic needles, or even turn a different color. Things like pests and mold are also potential gifts that keep on giving – not in a good way.

Proper storage can keep your faux tree looking good for the next year. So, we asked a few experts for their tips on how to store a Christmas tree during its seasonal hibernation.

Clean your artificial Christmas tree before storing it

How you prep your tree for its long aprés-winter nap is just as important as how you store a Christmas tree, according to Lewis Puleo of Puleo International, America’s oldest family-owned artificial Christmas tree company.

“To ensure your tree will be ready for many seasons ahead, it is best to clean your tree at the end of each holiday season after it is taken down and all decorations are removed,” he suggests.

To do so, mix warm water and a little bit of dishwashing soap in a spray bottle to treat stained areas of the tree and wipe down with a soft cloth.

Puleo says, “Allow the tree to dry thoroughly before storing. Even though the tree is artificial, any moisture accumulated during storage can cause some damage.”

Use a durable storage bag, not a cardboard box

Although your artificial tree came in a cardboard box, that’s not how you want to store a Christmas tree. From moisture to mice, cardboard is asking for trouble as your vulnerable (and pricy) seasonal showstopper awaits 10 months until its next appearance.

White artificial trees are particularly vulnerable, and they will quickly turn yellow or brown if not properly stored. Green trees can also change color if not protected from the elements. Not to mention mold and dust can accumulate.

Brian Chee of online artificial Christmas tree retailer Treetopia says, “Some of the key things to think about when storing an artificial Christmas tree include the storage vessel you use. We recommend a storage bag made from high-quality and long-wearing materials that offer extra security.”

Puleo agrees. “Use a high quality storage bag with thick material like a durable polyester, to protect from any damage and that can be easily wiped clean.”

If your tree doesn’t come with its own storage

bag, be sure that you have enough bags to accommodate the pieces of your tree once you break them down.

Balsam Hill’s CEO Mac Harman says, “You don’t want to store too much tree in each bag, as you can risk mis-shaping the tree, breaking branches or lights.”

In addition to several traditional faux trees, Balsam Hill sells a “Flip” tree that’s stored in a bag until you “flip” the tree upright.

Lastly, consider where you’re storing your tree when choosing a sturdy bag.

DESERT CLUB ESTATES - LA QUINTA

“Roller bags are best for storage on the same floor or in a garage,” says Harman. “The duffel style is easier if you will be carrying your tree to an attic [or basement] for storage.”

If you havevertical space to utilize, swing for an upright storage bag like this one from West Elm.

Social distance your artificial tree while storing it

When planning how to store a Christmas tree, also consider where.

Chee emphasizes that “the location where you store your tree is also very important. Ensure the tree is placed in a location where other boxes or items will not fall on top of or put pressure up against the tree bag. [This] is critical to having it maintain both its color and shape all year long.”

“The temperature of the storage location is also an essential consideration, and we suggest storing in an area that is climate controlled,” continues Chee. “Areas like the attic, which can get extremely hot in the summer, are not an ideal place to store a tree as the heat can damage the branches and discolor the tree over time.”

Steer clear of areas next to sunlight, moisture, and/ or drafts. Consider storing your tree horizontally in mounted ceiling shelves, so that unwanted critters don’t make homes in or snacks of your prized pine.

Harman says, “Storage bags are great for keeping your tree from getting dusty during the off season, but make sure that you don’t stack other items on top of it.”

Keep the tree in an area that is naturally not humid, says Puleo, because “musty is not on the holiday scent list we look forward to.”

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.

This reusable storage bag is sure to cut down on unnecessary waste over the years. REVIEWED/HANDRY LAUNDRY/WEST ELM