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Wednesday, October 18, 2017


Valued Friends and Clients!

Fall has finally arrived in the desert and, with it, the end of triple digit temperatures! At mid-October we are experiencing very enjoyable warm days and cooler evenings. The over-seeding process of all the golf courses and most of the grass areas in the Coachella Valley is underway, preparing for another desert winter.

It has been a very terrible summer with the 3 hurricanes hitting Texas, Florida and Puerto Rico, and now the wildfires in Northern California. These fires have affected several of our friends and clients, and hopefully everyone will be safe.

Most golf clubs are scheduling their openings for the second weekend in November this year, which is when our real estate season starts to ramp up. This is also when our winter residents start returning to their desert homes and a larger number of visitors start arriving. This is also when the colder weather arrives in the northern states and Canada, sending more people our way.

The high-end real estate market in the desert has been very active over the summer. During the 3rd Quarter there were 107 homes sold above $1 Million across the Coachella Valley. This is a 10% increase from the same time last year! 20 of these homes were priced above $2 Million, which is down from 24 last year. The average sales price for the homes sold in the 3rd Quarter above $1 Million was $1.55 Million, down from $1.86 Million last year. So, the number of sales above $1 Million was up, but the number of the higher priced home sales was down.

Another change from this time last year is where the sales are happening. Last year Palm Springs was enjoying some of the highest sales prices in years. But this year, it has been Rancho Mirage that has seen a jump in sales activity in the high-end price range.

And, in the $500,000 to $1 Million-price range across the valley, sales were up 16% in the 3rd Quarter, with 358 closings. We see a continuation of an improving real estate market, more so at the lower price ranges. The $1 - $2 Million-price range remains strong, but we don't see a noticeable improvement in sales prices. But, as we head into November we will soon get a better idea of how active the desert real estate market will be this season.

This month we have included the following items you might find interesting:

Blomgren & Blomgren's Featured Home of the Month: 73968 Desert Bloom - Offered at $1,695,000 View this home...
Cozy Kitchen Areas: From Luxury Portfolio International, of which Bennion Deville Homes is a member, this article talks about some of the new kitchen trends. Read the article...
How Millennials are competing for homes. This Wall Street Journal article looks at how many parents are supplying cash for their children to be competitive in those hot real estates markets. Read the article...
Are you up to date on your Fire Insurance? With the current fires in many parts of California, this LA Times article looks at some fire insurance policy concerns. Read the article...
The 10 Most Expensive Desert Homes Sold in September 2017, as reported by the California Desert Area MLS. This month Rancho Mirage has 7 homes on this list, all outside of golf communities! These sales range from $1,650,000 for a Rancho Mirage home to $3,275,000 for a home at The Hideaway Club in La Quinta. There are also 2 homes at Toscana CC included. See the complete list...

Thanks to the support of our valued clients, we have been able to build a successful business with a reputation of integrity, honesty and ethics. With over 50 years of combined experience, we look forward to continuing to offer the high-quality real estate services the Blomgren name represents.

If you are looking to Sell or Buy in the Desert, or just need some real estate questions answered, give us a call!

Sincerely,

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

Blomgren & Blomgren
Luxury Desert Real Estate

73968 Desert Bloom
The Reserve Club, Palm Desert
Offered at: $1,695,000

Time to Sell! Big $275K price reduction! The Reserve Club! Offering beautiful Golf Course, Lake and Mountain views! This incredible home features wide open living spaces with great flow, expansive kitchen with slab granite counters and Viking appliances, 4 bedrooms, 4.5 bathrooms, detached casita (4th bedroom & bathroom), pool w/waterfall, spa, outdoor firepit and built-in BBQ station.

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

Cozy Kitchen Areas
Luxury Portfolio International
From Luxury Portfolio International, of which Bennion Deville Homes is a member, this article talks about some of the new kitchen trends.
How Millennials are Competing for Homes
Wall Street Journal

This article looks at how many parents are supplying cash for their children to be competitive in those hot real estates markets.

Are you up to date on your Fire Insurance?
LA Times
With the current fires in many parts of California, this LA Times article looks at some fire insurance policy concerns.

The 10 Most Expensive Desert Homes Sold in September 2017, as reported by the California Desert Area MLS:
California Desert MLS

This month Rancho Mirage has 7 homes on this list, all outside of golf communities! These sales range from $1,650,000 for a Rancho Mirage home to $3,275,000 for a home at The Hideaway Club in La Quinta. There are also 2 homes at Toscana CC included.

54 Granite Ridge
too new for photos
Mirada Estates $4,975,000F
70375 Thunderbird Road
too new for photos
Thunderbird Heights, RM $3,200,000F
75787 Via Cortona
too new for photos
Toscana CC, IW $2,495,000F
75629 Camino de Paco Desert Horizons CC, IW $1,495,000F
75270 Inverness Drive
too new for photos
Desert Horizons CC, IW $519,000F
900 Island Drive #607 Desert Island, RM $410,000
49360 Sunrose Lane Ironwood CC, PD $1,800,000
75394 Riviera Drive Desert Horizons CC, IW $625,000
73934 Desert Garden Trail
(Vacant Luxury Lot)
The Reserve Club, PD $495,000



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"Talent wins games, but teamwork wins championships."

- Michael Jordan (Retired basketball player)


"When there is teamwork and collaboration, wonderful things can be achieved."

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