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Monday, November 27, 2017


Valued Friends and Clients!

November in the Coachella Valley is always a wonderful time of year! Temperatures have been in the 70's & 80's, with nice cool evenings. We are enjoying mostly clear blue skies, sunny days and the golf courses have all recently re-opened! These are some of the many reasons we all enjoy being here. It is especially nice to talk with the returning winter residents who really appreciate the valley's climate. So, as we head towards Thanksgiving, we should try to remember the many things we all have to be thankful for.

Heading into the seasonal real estate market, there appears to be some positive news. The stock market remains strong. Interest rates remain low. And the passing of a new tax plan is imminent.

The luxury home market here in the desert is off to a better start than last year! Showing activity is increasing, and people are looking seriously. There were 38 homes across the valley that closed escrow above $1 Million in October, compared to 21 in October last year. And there are 76 homes 'In Escrow' priced above $1 Million, compared to 53 at this time last year.

We just attended an annual 'Market Watch Seminar' focused on the Coachella Valley residential real estate market, sponsored by California Desert Association of Realtors, Palm Springs Regional Association of Realtors, Franklin Loan Center and Toscana Country Club. The take away is that there is another good year ahead, household income is on the rise, and our desert area home prices are much lower compared to other California areas. Here are some examples:

Average price of a 4,200 SF home in our Desert compared to other CA areas:

Indian Wells$1,600,743Laguna Beach$5,019,229
Palm Springs$1,597,088Beverly Hills$4,972,898
Palm Desert$1,552,342Santa Monica$4,316,620
La Quinta$1,364,995Newport Beach$3,797,412
Rancho Mirage$1,188,755Irvine$2,154,322

Based on Trailing Twelve Month Sales as of August 2017

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

Blomgren & Blomgren's Featured Home of the Month: 54 Granite Ridge, Rancho Mirage, Offered at $4,895,000 Furnished. View this home...
Private Firefighters called in to defend homeowners' properties in rural Sonoma. It's an opportunity to provide protection beyond publicly funded fire fighting. Read the article...
The Canadians are Coming! That's one takeaway from the Coachella Valley Economic Partnership's annual summit! Read the article...
Take a look at our new listing for $9.8 million at The Reserve Club. Previously owned by the ex-Boeing CEO. Read the article from the Puget Sound Business Journal...
Remember Cary Grant? His former Palm Springs Getaway lists for $13-Million. Take a peak...
The 10 Most Expensive Desert Homes sold in October 2017, as reported by the California Desert Area MLS: These sales range from $1,880,000 for a home at Toscana Country Club to $4,250,000 for a home at Bighorn Golf Club. This list includes 2 homes at Bighorn, 1 at The Hideaway, 3 at Linea in Palm Springs, 1 Rancho Mirage, 1 in Andalusia, 1 at PGA West and 1 at Toscana. It's interesting that 5 of these are New Construction. See the complete list...

There are less than five weeks until 2018!

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

Blomgren & Blomgren
Luxury Desert Real Estate

54 Granite Ridge
Rancho Mirage
$4,895,000 Furnished

Located behind the gates of prestigious Mirada Estates and sited on the same hilltop as the world famous Ritz Carlton Rancho Mirage, this incredible estate home offers dramatic down valley views, mountain views and ultimate privacy. Built in 2006 by respected developer Richard Pruter, PARR Development, offering the highest in quality construction, design & features.

This home is accessed through a private courtyard with pool, spa & mountain views and offers the best in indoor/outdoor living. Once inside the home, massive disappearing walls of glass reveal covered outdoor living areas in both directions with impressive down valley and mountain views. The living room features an entertainer's sunken wetbar & the gourmet kitchen includes a butler's pantry accessible to the guest suites. The luxurious master suite offers views, a fireplace, his & hers baths & closets, 2nd laundry room and exercise room. The Guest Casita is a suite with a Pullman kitchen. This home is designer perfect!

Please call for a private showing: (760) 779-1653

As Wildfires Raged, Insurers Sent in Private Firefighters to Protect Homes of the Wealthy
Leslie Scism - WSJ
Private Firefighters called in to defend homeowners' properties in rural Sonoma. It's an opportunity to provide protection beyond publicly funded fire fighting.
Snowbird Boost Nears!
Amy Dipiero, The Desert Sun
The Canadians are Coming! That's one takeaway from the Coachella Valley Economic Partnership's annual summit!

Ex-Boeing CEO Phil Condit Lists Desert Manse for $9.8 Million
Patti Payne - Puget Sound Business Journal

Take a look at our new listing for $9.8 million at The Reserve Club. Previously owned by the ex-Boeing CEO.

Cary Grant's Former Palm Springs Getaway Lists for $13 Million
Liz Lucking - Mansion Global
Remember Cary Grant? His former Palm Springs Getaway lists for $13-Million.

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

These sales range from $1,880,000 for a home at Toscana Country Club to $4,250,000 for a home at Bighorn Golf Club. This list includes 2 homes at Bighorn, 1 at The Hideaway, 3 at Linea in Palm Springs, 1 Rancho Mirage, 1 in Andalusia, 1 at PGA West and 1 at Toscana. It's interesting that 5 of these are New Construction.

46393 Blackhawk Indian Wells CC $1,295,000
74480 Desert Arroyo The Reserve Club, IW $9,750,000
74360 Desert Tenaja Trail The Reserve Club, IW $2,150,000
75635 Camino de Paco Desert Horizons CC, IW $895,000
4 Canyon Creek Cypress Pointe, RM $2,495,000



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"The best thing about the future is that it comes only one day at a time."

- Abraham Lincoln (1809-1865)


"Gratitude shifts your focus from what your life lacks to the abundance that is already present."

- Marelisa Fabrega


 
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