Palm Desert, CA Real Estate News

By Kimberley Kelly, SFR, HAFA, GREEN, I do Real Estate like I played polo-to WIN!
(HK Lane, Christie's International Affiliate, 760-285-3578)
HAFA short sale approved to close in South Palm Desert, CA.  This one is on it's way to close after approximately 60 days on the market.  Conventional loan so we have until mid December to close.   Primary Residence for the Seller who will need that HAFA relocation feeof $3,000  to start over in a rental.   Bank of America: One Note with an approx. value of $193,000 Accepted Sale Price of $58,500 which is fair market value for these lovely Condos in Indian Creek Villas, South Palm Desert.   Hard to believe what you can buy for $60,000!  This condo was built in 1982, 2bd/2ba in a low HOA community in a cherry location.  Hwy 74 about 2 blocks above El Paseo, our famous shopping district.   HAFA Short Sales DO close if you have the right Listing Agent!
Comments 2
By Russell Abeyratne
(Todays Realty & Loan Solutions - One Stop and You Are Home)
Palm Desert Mortgage Rates Check out my weekly rate sheet here every Monday.  Todays mortgage rates for Palm Desert and the surrounding area are still phenomenal!               Rate                  APR          FHA      4.000%            4.375% Conv    4.375%            4.750% VA       4.125%            4.500% Rates have improved from the previous week due to a down stock market making it an excellent opportunity to lock a rate for your home loan. Todays Loan Solutions does all types of financing so if you don't see your loan program here, call 760-668-8642 for further information. Rates will vary depending on your credit and qualifications so please contact us for a free no obligation quote. Visit our web site to complete a secure loan application today! What can I afford
Comments 0
By Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005, Call (760)799-8460. www.JustListedinPalmDesert.com
(Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs.)
Palm Desert Country Club to Open in January     Things are looking brighter or should I say “greener” for Palm Desert Country Club. The golf course was previously facing bankruptcy before being bought by a Canadian group of investors in September. Escrow closed September 9 on the 180-acre, 27-hole public golf course and clubhouse. Palm Desert Country Club Homes for Sale          The new owners are working around the clock in order to open the Palm Desert Country Club golf course on January 1, 2012. The new owners said they could open the course sooner but wanted to take the time to make sure everything was in place for a good first impression so people keep coming back. Golf and club membership fees are being finalized but a round of golf is expected to cost approximately $60 - $75.   P...
Comments 2
By Kathy Schowe, La Quinta, California 760-333-8886
(California Lifestyle Realty)
  BIGHORN HOMES FOR UNDER $2 MILLION DOLLARS   Bighorn Golf Club in Palm Desert has set the standard for luxury homes, amenities,  ( including their own on-property Steak House and Starbucks) 2 Championship golf courses, spa, exercise facilities and panoramic sweeping views of the mountains and valley.  Currently there are 32 homes for sale at Bighorn and 11 of those homes are priced under $2Million dollars.  The "value-priced" homes are currently in the 500 price/sq.ft range.  The lowest entry-level home at Bighorn Golf Club was built in 1995 and is 2985sq.ft. with 3 Bedrooms and 4 Bathrooms-- it has been on the market for 374 days... and is priced at $1.395Million. The highest priced home at Bighorn right now is a custom home with over 8,000 sq.ft. of living space, 5 Bedrooms and 7 Ba...
Comments 10
By Elaine Stewart, RE/MAX Desert Properties
(Elaine Stewart is the #1 Individual RE/MAX Agent for 12 years straight in the Coachella Valley. (760) 668-2399 )
If you would like to see any of the properties listed below which are new listings this week for Palm Desert Real Estate , please call us at the numbers below. Were committed to helping you find the home of your dreams. Elaine Stewart has been a Real Estate Business for over 15 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market, Elaine truly enjoys helping people in the process of buying or selling a home. Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 Email: desertrealestate1@yahoo.com
Comments 0
By Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005, Call (760)799-8460. www.JustListedinPalmDesert.com
(Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs.)
Things to do in Palm Desert Centrally located in the Coachella Valley, Palm Desert is a fabulous place to call home in the desert. Palm Desert has many things to offer that other desert cities don't have. Palm Desert has the only shopping mall in the desert, Westfield Shopping  and also outdoor shopping along El Paseo, the Redeo Drive of the desert with high-end designer shops, art galleries, coffee shops and restaurants. The Living Desert is also a part of Palm Desert. A great place to take the kids for a day or hike along the guided trail with viewing stations of the San Andreas fault line. The Living Desert has something for everyone to enjoy. Palm Desert is also home to many hiking trails from various degrees of difficulty including the well known and challenging Bump in Grind - Yes...
Comments 1
By Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005, Call (760)799-8460. www.JustListedinPalmDesert.com
(Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs.)
South Palm Desert Home Prices Home prices in Palm Desert are stabilizing over the the same period last year but none-the-less prices are significantly less than there were in ten years ago. Take for example the home at 48989 Barberry Lane, Palm Desert, CA 92260. It is a 3 bed, 4 bath home of 3209 square feet. It sold for $525,000 in 2002 and is now listed as Contingent-other (awaiting third party approval) for $399,000 as a short sale. At $399,000, this home is priced at $124.34/square foot. During the previous six months, south Palm Desert (the area south of Highway 111 or El Paseo) has had 56 single family homes sold. This does not include condo sales or sales of single family homes in gated communities of south Palm Desert. Why is south Palm Desert such a great place to call home?  R...
Comments 2
By Russell Abeyratne
(Todays Realty & Loan Solutions - One Stop and You Are Home)
Palm Desert Conventional Home Loans Todays Loan Solutions specializes in conventional home loans and is conveniently located on El Paseo in Palm Desert, CA. Almost half of the home buyers in Palm Desert purchase their home in cash. However, the second largest percentage of home buyers in Palm Desert use conventional financing. What are the benefits of conventional financing? Conventional home loans with a minimum of 20% down payment void the  mortgage insurance requirement. Conventional loans also offer buyers competitively low interest rates, less stringent qualifying terms, and easier underwriting guidelines as compared to FHA financing. Visit Todays Loan Solutions website to complete a secure loan application form online. Complete our secure Mortgage Loan Application online   LOAN PR...
Comments 0
By Kathy Schowe, La Quinta, California 760-333-8886
(California Lifestyle Realty)
The Living Desert is selling tickets online for its spooky holiday event, Howl-O-Ween, Oct. 28-30.  “It is so much fun to host the valley's largest Halloween event, which will be full of surprises this year,” spokeswoman Nyla Patzner said. “In our safe and family-friendly environment, The Living Desert is certainly the most unique of Halloween venues.” Revelers can take home some candy loot at more than a dozen trick-or-treat stations in Berger bluff's Main Street all dressed up in this year's Wild, Wild West theme with an old-fashioned general store, bank, saloon and livery stable. Other exhibits include the Doom Buggy fright ride through Africa and the ghosts and goblins on Zombie Country Club as well as costumed characters, rodeo trick roper Dave Thornbury and live music by children'...
Comments 0
By Russell Abeyratne
(Todays Realty & Loan Solutions - One Stop and You Are Home)
Most Expensive Home Sold in Palm Desert The most expensive home sold in Palm Desert to date for 2011 was in Bighorn Golf Club located at 542 Mesquite Hills, Palm Desert, CA 92260. It sold for $5,100,000 furnished and was on the market for 175 days. It was originally listed at $5,500,000.    There have been 33 home sales over $1 million so far this year in Palm Desert. The majority of these sales have been located in Indian Ridge, Cahuilla Hills, Ironwood Country Club, and Bighorn Golf Club. Half of these sales were reported as cash sales. The average price per square foot is $433.97. Home sales in all price ranges have been brisk this year with a total of 511 single family homes and 599 condos or townhouses SOLD in Palm Desert to date. If you are looking to buy or sell luxury real estat...
Comments 0
Palm Desert CA Real Estate House Sales and Home Listings - Short Sales, Foreclosures and Standard Sales - September 2011 Market Report News   This is a market activity report of closed house sales and active home listings in the city of Palm Desert California, for September 2011. According to the MLS (Multiple Listing Service), there were 116 closed Palm Desert home sales from September 1st to September 30th, 2011. 49 were Palm Desert Foreclosures 34 were Palm Desert Short Sales / Short Pay 28 were Palm Desert Standard Sales 5 were Palm Desert Probate or "Other" Sales And according to the MLS (Multiple Listing Service), there are 210 Palm Desert active listings from September 1st to September 30th, 2011. 69 are Palm Desert Foreclosures 78 are Palm Desert Short Sales / Short Pay 60 are P...
Comments 0
By Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005, Call (760)799-8460. www.JustListedinPalmDesert.com
(Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs.)
Palm Desert Foreclosures vs Short Sales What is the difference between bank owned or foreclosed property listed for sale versus short sales in Palm Desert? I will describe a few distinct differences between the two types of sales but first let me start with sharing two of the latest sales in Palm Desert. The highest priced short sale that sold during the last six months in south Palm Desert with a pool (not in a gated development) was 73273 Salt Cedar St., Palm Desert, CA 92260. It sold for $665,000 and was listed at $665,000. It was on the market for 390 days and was originally listed at $920,000 when first put on the market. The highest priced REO home sale with a pool in south Palm Desert during the last six months (also not in a gated development) was 73751 Shadow Lake Dr., Palm Des...
Comments 4
By Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005, Call (760)799-8460. www.JustListedinPalmDesert.com
(Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs.)
South Palm Desert Real Estate Market Report The Desert Sun recently reported that home sales and prices in Palm Desert increased from the same period a year ago. I decided to take a closer look at this market and really see what is happening. My report focuses on home sales in the south Palm Desert area (homes on the south side of Highway 111 and El Paseo) during the last six months. For purposes of this report, I focused only on south Palm Desert homes with private pools. This report does not include homes in gated communities such as Ironwood or Big Horn. South Palm Desert Homes With Private Pools Of the pool homes in south Palm Desert that SOLD during the last six months, 11 of the sales were bank owned homes or foreclosures. Eight of the homes were short sales, meaning third party a...
Comments 5
By Nancy Hankin
(RE/MAX Real Estate Consultants)
I think the most challenging part of writing “Helpful Hints” each week is coming up with topics I feel YOU might be interested in. I’ve now written over 200 articles, and “writer’s block” is not uncommon. ……..so I am asking for your help. What topics of interest would you like to see me write about? Here are just a few areas that I have written about in the past: Home Buyers Mortgage Information Energy Savings and Tips Decorating Your Home Helpful Tips……on Just About Any Topic Holiday Messages Humorous Stories Tips for Sellers Government Information Foreign Investor Tips Refinancing Senior Information Real estate News in General Relocating Vacation Property Title Tips Scams Quality of life I also want to take a moment to thank you for YOUR COMMENTS which you leave at the end of each art...
Comments 2
By Lori Bowers, The Lori Bowers Group
 Home sales in the 92211 Zip Code area of Palm Desert jumped nearly 17 per cent in August compared to the same months last year, and the median price rose 6.3% to $270,000 according to Data Quick. Since September 2010, prices in Palm Desert, California, have risen from a median price of $205,000 to $270,000. Supply is so far down in Palm Desert, we are definitely seeing prices hold stable. Palm Desert does so well as it is centrally located with close proximity to El Paseo shopping, restaurants, and entertainment as well as award winning schools. Homes along golf courses and in gated communities in Palm Desert, California, continue to draw interest from snowbirds and vacation home buyers who can easily qualify for financing or pay cash.                                                   ...
Comments 2
By Nancy Hankin
(RE/MAX Real Estate Consultants)
Buyers across California May already be feeling the effect of pricier mortgages as the current loan limit expiration date of September 30, 2011, fast approaches and lenders prepare for the reduced loan limits! That is when the maximum FHA,FannieMaeandFreddieMacconforming loan limits are scheduled to drop to $625,500 from $729,750 limit, and the formula for determining an area’s median home price is reduced from the current 125 percent to 115 percent. Efforts are being made to persuade lawmakers to keep higher limits-enacted in 2008 as part of the economic stimulus package-in place. Understanding Mortgage Insurance. Some lenders, including Bank of America, stopped accepting applications for loan amounts that will exceed the October 1 maximum as early as July 1, 2011. The California Assoc...
Comments 2
By Kathy Schowe, La Quinta, California 760-333-8886
(California Lifestyle Realty)
  GYMNASTICS FOR KIDS IN THE DESERT PowerKids Center in Palm Desert. Alison Vaughn and her business partner, Jeannette Frederick, have taken over the 14,000-square-foot space formerly known as Action Gymnastics and are already teaching classes. The PowerKids name is “about power within, the power of an athlete, the power of play,” she said.Things will really be hopping by the gym's grand opening Oct. 15, when Vaughn and Frederick unveil their in-floor trampoline and pit system. Kids will be able to bounce off the trampoline into one of two big foam-filled pits —  FUN AND SAFE!     For more information PowerKids Center: 77-962 Palapas Road, Palm Desert. Grand opening, 11 a.m.-2 p.m. Oct. 15.  Information: (760) 346-4446
Comments 1
The heart that gives………..gathers -Marrianne Moore Change Your Thoughts and Change Your Life -Norman Vincent Peale If You Don’t Stand for Something, You’ll Fall for Anything.- Anonymous It is One of the Most Beautiful Compensations in Life…..That No Man Can Sincerely Help Another Without Helping Himself -Ralph Waldo Emerson Sometimes in the Winds of Change We Find Our True Direction - Anonymous The Only Things that Stand Between a Person and What They Want In Life are the Will to Try It, and the Faith to Believe it’s Possible - Rich Devos It’s Choice, not Chance, which Determines Your Destiny -Jean Nidetch Even if You are On the Right Track, You’ll get Run Over if You Just Sit There - WillRogers Don’t Die With Your Music Still In You - Nancy Hankin Wishing You a Beautiful Day Today!  Wha...
Comments 2
By Kimberley Kelly, SFR, HAFA, GREEN, I do Real Estate like I played polo-to WIN!
(HK Lane, Christie's International Affiliate, 760-285-3578)
This Market Report is for the entire Palm Desert Area....North, South and Central.  Palm Desert is conveniently located right between Cathedral City and Rancho Mirage..about 15 minutes Westerly drive to downtown Palm Springs and it boasts our most popular shopping street, El Paseo Drive.  El Paseo is our "desert Rodeo Drive", and is thick with stores, restaurants, dance spots and amazing medium sculptures.  At Christmas it lights up and gives us all a free light show..really a fun city.  Here we go.. Total Number of Single Family Residences CLOSED:  112 Lowest Price:  $75,715 which was an REO, (2bd/1ba built in 1948) in South Palm Desert Highest Price:  $2,127,000 another REO in Bighorn Country Club 4bd/5ba, 4645 sf buiilt in 2002 Total Sales over 1 mil:  4 Total Number of Condominiums ...
Comments 2
By Kathy Schowe, La Quinta, California 760-333-8886
(California Lifestyle Realty)
                BEST MOJITO IN THE DESERT! Best Mojito: Announced - August 2, 2011Winner - Tommy Bahama’s Tropical Café, Palm Desert2nd. The Tropicale Restaurant & Coral Seas Lounge, Palm Springs3rd. Azul Tapas Lounge, Palm Springs4th. Babe’s Bar-B-Que & Brewhouse, Rancho Mirage5th. The Falls Prime Steakhouse, Palm Springs We really like Tommy Bahama's in Palm Desert-- but really the BEST mojito's are at Casa Schowe!   
Comments 3