The Coachella Valley Real Estate Market is Strong.
When we look at prices now compared to one year ago, we see that detached home prices are up 4.6% and attached home prices are up 7.3% from last year. Eight of Nine Valley cities saw a price increase.
The total number of sales have slowed a bit from last year, down about 5.3%. Detached homes were down about 4% while Attached homes, which saw a bigger price increase, has had a bigger dip in the number of sales, down about 7.6%.
When we look at the number of sales by Price Range, we see that the majority of the sales are between $200,000 – $500,000. The largest dip in number of sales is in the $800,000 – $1m price range, then picking up again over $1m. However, when we compare the number of sales year over year by price bracket, we see that the largest dip in the number of sales in 2019 was below $400,000. From $500,000 and up the number of sales were at about par over last year.
Currently there are about 3,600 homes listed for sale in the Valley, about the same as this time last year. This is a seasonal market; you can see the pattern on the chart below. We reach our lowest inventory levels in September every year and gradually increase to an annual peak in February and March.
Breaking down the inventory levels; it’s no surprise that the lowest inventory levels are in the $200,000 – $400,000 price range. The month’s supply starts climbing over $500,000. Based on the current number of homes listed for sale divided by the number of sales each month, if no new inventory entered the market, we see there is a 6 month supply in the $500,000 – $600,000 range. About a 7 month supply for homes priced between $700,000 – $900,000 and a 13 month supply for homes priced over $1m.
Based on price trends, the number of sales, inventory levels and low interest rates, we can say the Coachella Valley Real Estate Market is Strong. The trends we see suggest that we will continue to see a strong real estate market throughout 2019 and into 2020.
If you would like more detailed market information about your city, your community, or your home specifically, give us a ring – we’re on standby to help. (760) 218 – 5752
Greater Palm Springs Restaurant Week 2019
Various Restaurants Throughout the Valley
May 31 – June 19, 2019
Greater Palm Springs Restaurant Week® is a 10-day dining event at restaurants throughout the Coachella Valley. More than 100 participating new and local favorites are offering specially priced menus for Restaurant Week 2019.
No passes, tickets or coupons are required…diners simply dine out at participating restaurants throughout the event. Make a reservation on our website or call the restaurant directly. Due to the popularity of this event, advance reservations are strongly encouraged, but walk-ins are welcome.
Palm Springs Air Museum Memorial Day Flower Drop & Air Fair
May 27 All Day, Flower Drop at 1:00 p.m.
Palm Springs Air Museum
Palm Springs Air Museum honors our fallen US soldiers each year with a fly-by and flower drop of over 3,000 red and white carnations from B-25 Mitchell Bomber. Followed by Flight Exhibitions and fun activities for the whole family.
Lavender Harvest Festival in Cherry Valley
May 24 through June 20, 2019
Highland Springs Ranch and Inn.
Celebrate the beginning of Lavender Harvest Season. Wander the 20 acres of organic lavender fields and garden with more than 90 varieties of lavender. Remember to Bring Your Camera!
Enjoy all things Lavender including Lavender inspired food and Live Music.
Visit the Organic Marketplace featuring Lavender Honey, Balsamic Vinegar, Essential Oils. There are primarily three varieties of lavender – Provence, Angustifolia & Munstead – which are used in their aromatherapy products, floral arrangements and in their Gourmet Treats.
Fresh Bouquets, even Lavender stuffed Toys
Take a Guided Tour on a horse-drawn wagon or antique tractor as you meander past the lavender fields thousand-year-old oak tree.
The Organic Galleries are a parade of twelve rustic boutiques showcasing organic lavender products from the farm. The galleries are in historic cottages, each interior with its own unique character. Sample lavender honey, butter, oils and more.
Browse through our the collection, or just sit and enjoy a cup of coffee or tea in these peaceful surroundings.
Where to go to see all the fun! Click on the Map Below.
See you at the Lavender Festival 2019!
Palm Springs Modernism Week 2019 returns for another year to revel in the beautiful, simplistic Mid-Century Modern movement. Modernism Week 2019 is a 10-day celebration of all things Modern in the mecca of “MCM,” Palm Springs. This signature event happens every February, gathering tens-of-thousands of Modernism enthusiasts from around the world to celebrate the form in all its glory, from sleek architecture to iconic furniture and fashions. Over the week-plus, participants can check out a variety of home tours, the Modernism Show and Sale, lectures from prominent figures within Modernism, films on the subject, and more.
Palm Springs boasts one of the largest concentrations of Mid-Century Modern architecture in the world and is the perfect setting for Modernism Week each year. With the creative fingerprints of legendary names etched throughout the Valley, including Wexler, Neutra, Frey, and Schindler, Palm Springs has an embarrassment of riches when it comes to highly-coveted Mid-Century Modern homes and structures. Modernism Week 2019 embraces the form and celebrates its unique characteristics, and is a local event everyone should check out.
The Modernism Week Show House: The Christopher Kennedy Compound will showcase a refurbished midcentury home in the Indian Canyons neighborhood of Palm Springs, with 12 leading interior designers undertaking the redesign. Tours of the home will be offered daily.
On February 15, Modernism Week will host a special dedication ceremony on the Palm Springs Walk of Stars for acclaimed interior designer Arthur Elrod (1924-1974). Elrod’s former home will also be open for a home tour and evening cocktail party on Thursday, February 21.
One of Albert Frey’s most intact residential works, the Cree House in Cathedral City, has been meticulously preserved and restored to nearly its original 1955 condition. The home, never before seen by the public, will be available for daily tours during Modernism Week.
2019 Riverside County Fair & National Date Festival celebrates the date, the hallmark of the farming culture in Coachella Valley. Akin to what mid-century architecture means to the Greater Palm Springs Area’s real estate realm, the date is synonymous with the Coachella Valley. These delicious fruits are a product of the date palm, which comprises a big portion of the Southern California desert’s agricultural industry. Get a taste of the delectable date, and the Coachella Valley’s rich culture, at the 2019 Riverside County Fair and National Date Festival, taking place February 15-24 at the Riverside County Fairgrounds in Indio. This event offers fun for the whole family, including nightly entertainment from renowned music artists.
What’s special about this Date Festival event isn’t just the fact that it also is the Riverside County Fair, but the entertainment includes blessing of the dates, and award-winning Arabian Nights Musical Pageant. An entertaining show that mingles contemporary humor with classic folklore, magic and mystery are at the heart of “Aladdin and the Heart of Agrabah”. And the queen of the fair– she is Queen Sheherazade and she comes with a Court.
The Nightly Musical Pageant is set to return to the 72nd Annual Riverside County Fair & National Date Festival, right after the Salute to America at 6:00 p.m. The vocal talents, costumes and stage effects will amaze fair goers with this year’s spin of the 1,001 Arabian Nights extraordinary tale, Prince Khudadad in the Shadow of Destiny. The audience will be engaged the entire show as the cast takes fair goers back in time to the Far East.
You’ll want to come early to the pageant stage to be a part of the moving and inspirational Salute to America which will honor our country’s armed services immediately after the welcome message by the Fair Board at 6:00 p.m. nightly. Incorporating service men and women, as well as local school color guards, this musical tribute will leave you swelling with pride and thanks.
The Coachella Valley destination of Southern California known for dates, enjoys a huge attendance at the fair event. Beach and mountain dwellers grow weary of the the cold, and head for the desert to get a taste of sunshine and warm shirt sleeve weather during the finest month ever–February. Indio has over 100 days per year of 100+ degrees Fahrenheit temperatures but in February the average temperature is around 75 degrees.
Riverside County Fair and National Date Festival is held at Riverside County Fairgrounds, 82-503 Hwy 111, Indio, CA 92201
February 15-24, 2019 | President’s Day Parade February 18, 2019, 9 a.m.
Presented by the Palm Springs Cruisin’ Association, the Dr. George Car Show is in its 17th year and has grown to be the largest one day car show in California. With 100% of the proceeds benefiting the Desert Cancer Foundation, it included 1,000 vehicle entries and is held on the lush grounds of the Indian Wells Tennis Garden.
For over twenty years, the Desert Cancer Foundation has provided financial support to patients and their families without insurance. Each dollar donated has equals to approximately $7 worth of services.
In 2018, The Palm Springs Cruisin’ Association donated $77,000 to the non-profit Desert Cancer Foundation.
In addition to its size it is also the longest running car show in the Coachella Valley.
The Palm Springs Cruisin’ Association is a non-profit organization that includes over 400 members. For this event, 150 volunteers participate in facilitating the car show which includes numerous vendors, a raffle and silent auction. The event is always free and the cost of parking was $5. At the point of entry club members ask for donations from spectators.
The car show is open to all collector vehicles. In the first year there were 375 entries. Only a few years later the association had to create a cut-off at 1,000 entries after growing exponentially.
This all-volunteer project has raised over $845,000 for the Desert Cancer Foundation, which Dr. Sebastian George co-founded prior to his tragic death in 2002. PSCA Club members work year around, planning this amazing show. With the pristine setting of the Tennis Gardens, car owners line up to show their vehicles on the lush green grass. The goal for 2019 is to reach the $100,000 mark for the annual contribution. this contribution will provide approximately $1mm in care and support for cancer victims.
For more information on the 17th Annual Dr. George Charity Car Show, visit the Palm Springs Cruisin’ Association website.
The 2019 Dr. George Charity Car show will take place on February 9th with gates opening to the public from 9:00am to 3:00pm.
Southwest Arts Festival Indio 2019
January 24 -27th
Empire Polo Grounds
Art Enthusiasts from across the country are heading to the 33rd annual Southwest Arts Festival Indio is one of the oldest and largest art festivals in Southern California. Featuring over 280 artists from across North America. The Festival showcases art in a wide variety of media including pottery, glass, jewelry, metal works, painting, photography, sculpture and textiles. Hosted on the Grounds of the Empire Polo club in Indio.
The Empire Polo Club is an international destination renown for it’s natural beauty, featuring natural landscape and sweeping mountain ranges. Every year the Arts Festival continues to evolve and attract a high caliber of talented artists and unique artwork. This year’s festival will feature interactive art displays and live music, with pottery, glass and fine art painting scheduled to be on display. Visitors can also enjoy a variety of food and beverage options while casually walking the grounds.
The festival continues to draw thousands of art enthusiast from across the country, as well as the highest caliber artist. Last year 252 artists from around the world participated in the Festival. Recognized as one of the Top 100 Events in North America by Travel Magazine, the festival includes traditional, contemporary, and abstract fine works of art and quality crafts. The festival’s reputation for first-class quality and professional integrity make it one of the country’s finest juried art festivals.
Desert Classic Golf Tournament La Quinta and Music Festival
January 16 – 20, 2019
PGA West and La Quinta Country Club
Schedule of Golf Events
Monday, January 14 – closed to the public
Practice Rounds on the PGA West Stadium and Nicklaus, and La Quinta Country Club Courses
Tuesday, January 15 – closed to the public
Practice Rounds at all courses
Wednesday, January 16
Bob Hope Legacy Pro-Am
PGA Stadium Course
Shotgun Tee Time 8:30 a.m.
Thursday, January 17
All three courses
First Round starts 8:30 a.m.
Friday, January 18
All three courses
Second Round starts at 8:30 a.m.
Concert Series Sammy Hagar starts at 5:00 p.m.
Saturday, January 19
All three courses
Third Round starts at 8:30 a.m.
Concert Series Bad Co starts at 5:00 p.m.
Sunday, January 20
PGA West Stadium Course starts at 8:30 a.m.
18th Green Fan Pavilion, a 12,000 square foot climate controlled hospitality pavilion with food and beverages from local restaurants. All tickets holders have access to the Fan Pavilion, it’s the perfect place to relax with comfortable seating, enjoy lunch and watch the Tournament, and the NFL playoffs on multiple screens. Or step out on the Viewing Deck with Spectacular Views of the 18th Green of the PGA West Stadium Course.
Beers for Birdies, Anytime a Pro makes a Birdie either on hole 16 or 17, Beers are half priced for the next 15 minutes in the Hospitality Tent located between the 16th Green and the 17th Tee. This is a Fan Favorite with panoramic views of both holes.
Casamigos Club 17, Open air venue located on the iconic Par 3, 17th Hole of the PGA West Stadium Course, known as Alcatraz. Spend the afternoon sipping Casamigos cocktails and watching the world’s best players test their mettle on one of the most famous holes in golf.
Military Outpost, Spectacular Views of the 18th Hole on the Stadium Course, this venue includes complimentary food and refreshment for all active duty, retired military, reserve, first responders and military vet’s.
All ticket holders can enjoy golf and concert on the driving range following completion of play on both Friday and Saturday nights.
Friday, January 18th, starting at 5:00
Sammy Hagar and The Circle
Saturday, January 19th, starting at 5:00
Palm Springs International Film Festival
January 3 – 14, 2019
Various Locations Throughout Palm Springs Area
Red Carpet Night is Thursday, January 3rd at the Palm Springs Convention Center and marks the official kick-off for the Palm Springs International Film Festival. This annual event has become known as the first stop on the road to the Academy Awards. Each year the eyes of world cinema are on Palm Springs and the newest film-making talent, where masters of the cinema come together to celebrate the art of film. This is the 30th year for the film festival and promises to be bigger and better than ever.
The screening portion of the Festival will run January 4 – 14.
The Palm Springs International Film Festival’s signature showpiece event – and by far our biggest fundraiser – is the annual Film Awards Gala. This dazzling celebration of old school Hollywood star power, glamour and talent kicks off Awards season each year, and takes locals back to the time when Palm Springs was the playground for Hollywood’s biggest stars.
This is an evening of high style, glitz, and fellowship, as we roll out the red carpet and welcome the hottest industry players, A-list celebrities, and Palm Springs community leaders to an elegant dinner and awards ceremony which raises more than $1 million in funding for the Palm Springs International Film Society every year.
SUNDAY, JANUARY 13, 2019
Ladies in Black | Cl…
Closing Night Gala
Closing Night Gala tickets include a ticket to the screening at Richards Center for the Arts at Palm Springs High School and entry into the reception afterwards at the Hilton Hotel. | Set in Sydney in 1959, Oscar®-nominated writer/director Bruce Beresford takes us back to the heyday of glamorous upscale department stores, when a concierge met you at the door and clerks wore gloves.
Closing Night Gala | Ladies in Black
Who Will Write Our…
Carmen & Lola
MONDAY, JANUARY 14, 2019
Best of the Festival Screenings – TBA