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Thursday, January 19, 2017


Happy New Year to My Friends and Clients!

We are about to enter into a very interesting time in our country with the Inauguration of Donald Trump as President of The United States. This is not a political statement, to be sure, but the next four years are sure to be very eventful.

During the first two weeks of the New Year we had our share of rain. Several storms came through and added much needed rainfall in many areas of California, as well as the desert. Our local mountains also received some much needed snow, and the resulting views are beautiful! And, as usual, our weather here in the desert is better than most of the rest of the country!

The Palm Springs International Film Festival has just ended another very successful year! Each year this event gets larger and receives more recognition. The CareerBuilder Challenge PGA Golf Tournament is getting under way. Each year this tournament attracts a very competitive field, and this year is no exception. We are hoping for perfect weather for the national television audience.

We are now heading into what is usually the busiest period of sales activity for our local real estate market. The showing activity has started to pick up and we have put two of our listings into escrow this week. I expect to see that the next 3-4 months will be very busy.

The Desert Luxury Real Estate Update:

Last year at this time, I predicted that the desert's luxury real estate market would show an increase after a slow down in 2015. And, sales were up across the valley and across almost every price range! The number of sales of homes priced above $500,000 increased by 11% in 2016 from 2015. And, the number of sales of homes priced above $1 Million increased across the valley 7.5%, with 487 homes sold last year compared to 450 sold in 2015.

For 2017, I see a continuation of this increase in the numbers of homes sold. While the number of luxury homes that sell is significant, there is plenty of inventory for buyers to chose from. So, our market remains very competitive, and those homes that are priced right and in the best condition have the best chance of selling.

This month I am including the following items you might find interesting:

Coachella Valley Homes Sales - 2016 compared to 2015: This chart breaks down the 5 main cities into 5 price ranges, and shows the year over year numbers. See the chart...
The Desert Sun also has looked at the 2016 real estate market in this article. From the large number of high-end home sales in Palm Springs, to the Canadian dollar and more. Read the article...
As a second home destination, the desert attracts people from all over the country and many places around the world. Did you know that Mexico is the leader in second homes from high-net worth people from the US? This article is from Inman News...
Bennion Deville Homes was named Best Real Estate Firm by Desert Sun Readers in the Desert Magazine Best of the Valley voting for 2017. We're pretty proud of this honor! Please read more...
The 10 Most Expensive Homes Sold in the Desert in 2016, according to the California Desert Area MLS: These homes ranged in price from $5,750,000 for a home at Old Las Palmas in Palm Springs to $13,000,000 for Bob Hope's Southridge House in Palm Springs. There were 4 homes at The Madison Club, and homes at The Vintage, Indian Canyon in Palm Springs and Bighorn Golf Club are also included. See the complete list...

With our very best wishes to you for a year filled with good health, prosperity and good cheer!

Bruce & Keith

Bruce (760) 779-1653
Keith (760) 333-3350

73833 Desert Garden Trail
The Reserve Club, Palm Desert
Offered at: $2,150,000 Furnished

Enjoy the dramatic southern mountain views over water from this wonderful home at The Reserve Club! This contemporary design features nearly 5000 square feet of open spaces. The 4 Bedroom Suites include a very spacious 2-Room Casita with fireplace & kitchenette. The Master Suite includes separate bath areas and 2 large closets. The gourmet kitchen opens to the family room and enjoys the views. A sit-down wetbar is convenient to all living areas. Situated with views over water to the 3rd Green and the Santa Rosa Mountains to the south. Owner has purchased and moved to a larger home at The Reserve and this one is priced to sell!

Please call Bruce for a Private Showing: (760) 779-1653
View virtual tour

Number of Homes Sold 2015 vs 2016

Coachella Valley Homes Sales - 2016 compared to 2015: This chart breaks down the 5 main cities into 5 price ranges, and shows the year over year numbers.
The year in desert real estate: Coachella Valley steady, but Palm Springs booms in 2016
Neal J. Leitereg - LA Times
The Desert Sun also has looked at the 2016 real estate market in this article. From the large number of high-end home sales in Palm Springs, to the Canadian dollar and more.

Mexico is home to the most second residences owned by US affluents
Inman News

As a second home destination, the desert attracts people from all over the country and many places around the world. Did you know that Mexico is the leader in second homes from high-net worth people from the US?

Bennion Deville Homes was named Best Real Estate Firm by Desert Sun Readers
The Desert Sun
Bennion Deville Homes was named Best Real Estate Firm by Desert Sun Readers in the Desert Magazine Best of the Valley voting for 2017. We're pretty proud of this honor!

The 10 Most Expensive Desert Homes Sold in 2016
California Desert MLS

The 10 Most Expensive Homes Sold in the Desert in 2016, according to the California Desert Area MLS: These homes ranged in price from $5,750,000 for a home at Old Las Palmas in Palm Springs to $13,000,000 for Bob Hope's Southridge House in Palm Springs. There were 4 homes at The Madison Club, and homes at The Vintage, Indian Canyon in Palm Springs and Bighorn Golf Club are also included.

45580 Williams Road Residential IW $885,000
44834 Doral Drive Desert Horizons CC, IW $769,000F
49081 Sondgroth Ct Cahuilla Hills, PD $1,895,000
75762 Vista del Rey Desert Horizons CC, IW $695,000F



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"I wish each of you a year of good living, the stamina and fortitude to endure the challenges, and the ability to enjoy those you love, with lots of fun trying something new."

- Sent to agents by Bob Deville, Bennion Deville Homes


"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."

- Dale Carnegie


 
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