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Palm Springs, CA Real Estate News

By Harold Watts, Palm Springs Real Estate Blog
(Teles Properties)
The official start of summer is not until June 21st, but it has already started here in Palm Springs.  All of the snowbirds have packed up & returned home, the roads are easier to navigate, and the heat of the Desert has arrived.  Even though the mercury is rising, it has not stopped people from buying their dream home in Palm Springs.  Here are the real estate figures for the week ending June 7th, 2007.New Listings: 5729 homes & 28 condosLowest Price:  $99,000Highest Price:  $ 2,795,000 (S. Palm Springs)Median Price:  $395,000Avg. Price per Sq. Ft.:  $298In Escrow:  2714 homes & 13 condosLowest Price: $139,000Highest Price: $1,169,000 (Canyon Country Club)Days on Market: 114Sold: 2712 homes & 15 condosLowest Price: $139,900Highest Price: $1,825,000 (Old Las Palmas)If you would like to ...
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By Harold Watts, Palm Springs Real Estate Blog
(Teles Properties)
A few months ago, my friend Brett, who is an Air Traffic Controller in Palm Springs, announced that the Radar system will  be moving down to San Diego.  I said to him, "What does that mean?"The Terminal Radar Approach Control, or TRACON, guides airplanes within 50 to 75 miles of an airport.  The TRACON for the Palm Springs Airport was scheduled to be relocated to Miramar, which is 14 miles north of San Diego, on June 5th.  The Miramar TRACON is the busiest system in the world, guiding in more than 2.1 million planes per year.  Palm Springs International brings in about 1.5 million visitors to the area every year.What does this mean for the general public?  Having a partner who is a private pilot, I asked him what the implications be by having the TRACON move to Miramar.  His concern as ...
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By Harold Watts, Palm Springs Real Estate Blog
(Teles Properties)
   May was a busy month in Palm Springs.  There was the Evening Under the Stars benefit for the Aids Assistance Program, the Desert Rainbow Foundation awarded 18 scholarships totalling over $46,000, and the Palm Springs Fire Department had their annual Fish Fry which brought out over 800 people for the event.The Palm Springs Real Estate market was also very busy.  There were a total of 134 homes & condos that have sold in Palm Springs, including 9 homes over $1,000,000.  Here are the complete figures for the month of May:Homes & Condos Sold: 13456 homes and 76 condos Lowest Price:   $132,000 Highest Price:  $2,000,000 (Old Las Palmas)Average Price per Square Foot: $260.99% of List Price to Sales Price: 97.05%Median Price: $479,248Homes Sold:  56Lowest Price:  $255,500 Highest Price: $2,...
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I wanted to type a quick blurb on Palm Springs Vacation destinations. Since my wife and I tend to favor going to either Las Vegas, NV or Palm Springs, CA  for our quick weekday or weekend get-aways, I wanted to give some of my recommendations on Palm Springs.  We both really enjoy the many great amenities that the Palm Springs area have to offer. Our last two trips have been to the Parker (Le Meridien) and Viceroy.  These two hotels offer the eclectic style that we enjoy and love in our get-away destinations.   Both of these landmark hotels in Palm Springs have a cool chill atmosphere, yet have the hip, savvy modern style mimicking some of L.A. trendiest hot spot hotels.  We have enjoyed the pool cabanas, excellent dining, great selection of drinks, comfortable beds and a hotel geared t...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
I spent last Tuesday night in Palm Springs, at the Wyndham to be exact.  Many times when you book a hotel it looks and sounds better in the brochure, pictures or website than it does in person.  In this instance, it was BETTER in person.The first thing I noticed when I flew into Palm Springs Airport was how small and un-airport-like the airport was.  The next thing I noticed was how clean the airport, and everything else was.The Wyndham was very pretty, very clean, the staff was friendly and courteous, my room was large and it had a balcony and a view and it was very reasonably priced.  It was close, only a few blocks. to Palm Canyon Drive, which seemed to be the main downtown area.  The town was also laid out in a user-friendly, logical format.  I found my way around easily, and I was ...
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By Harold Watts, Palm Springs Real Estate Blog
(Teles Properties)
 Memorial Weekend has come and gone, but the real estate market here is still moving forward.  Every week in this blog, I will give the most accurate and updated information on what is happening in the Palm Springs real estate market.  No hype, just the facts.  Take what you like, and leave the rest.New Homes Listed:  9351 homes and 42 condosLowest Price:   $109,000Highest Price:  $4,500,000 (Movie Colony)Homes in Escrow:  2413 homes and 11 condosLowest Price:  $129,500Highest Price: $1,695,000 (Old Las Palmas)Average Days on Market:  126Homes Sold:  209 homes and 11 condosLowest Price:  $200,000Highest Price: $1,999,000 (Central Palm Springs)Median Price:  $350,000Average Days on Market:  141% of List to Sales Price:  95.15%If you want to know what is happening in your Palm Springs nei...
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By Kristy Johnson
(Keller Williams Realty)
Tennis anyone?  How about a beautiful resort home just steps away from your professional court and lavishly decorated clubhouse?  As a Palm Springs realtor specializing in resort homes and a tennis lover myself, I have visited every tennis resort throughout the Palm Springs and Palm Desert area.  If you’re dreaming of a home in a Palm Springs tennis community, let me give you a few suggestions on narrowing down your long list of possibilities. 1) Don’t limit your search area!  Even if you are sure that a Palm Springs tennis community is your perfect home, I encourage you to check out some of the communities throughout the Palm Desert area.  Popular communities like the Silver Sands Racket Club may be just what you’re looking for. 2) Check out the amenities.  Although most Palm Springs t...
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By Kristy Johnson
(Keller Williams Realty)
Whether your daydreams consist of lounging by a desert pool at the state-of the-art clubhouse or beating yesterday’s score on your favorite golf course, Palm Springs has the perfect golf community for you.   I have specialized in Palm Springs resort real estate since I became a realtor years ago, and I can tell you from experience that the Palm Springs area is the ideal community for any buyer looking for a home in a golf community. Palm Springs, as well as the surrounding communities of Palm Desert, Rancho Mirage, Indian Wells and La Quinta feature some of Southern California’s most prestigious golf homes and golf communities.  Palm Springs real estate offers golf homes in almost every price range and with every amenity you could imagine.  As a Palm Springs realtor, I am always excited...
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By Kristy Johnson
(Keller Williams Realty)
I often tell my clients that I have the greatest job in the world.  I get to spend my days helping people find their dream Palm Springs vacation home or a second house where they can spend the weekends relaxing.  Over my years as a Palm Springs realtor, I have helped many people find a great deal on their vacation home, and I can honestly say that I love what I do. So for any of you buyers out there, I have compiled a few simple tips to help you navigate your way through Palm Springs real estate and the purchase of your new vacation home.   Be sure to check out the full list of buyers’ tips if you have further questions. 1) Knowledge is power!  Always know as much as possible about the communities you like before you make an offer on a property.  Even if you’re purchasing a vacation hom...
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