Showing posts from January, 2012

Tour de Palm Springs - Feb 10-11 2012

Money For Local Charities in Palm Springs

Cycling to make a difference is what the Tour de Palm Springs is all about. The event was designed to raise money for non-profit organizations in the Coachella Valley. With a goal of raising $200,000 for local charities in 2012 the event is not only fun but very helpful to the community.

So get out and enjoy Palm Springs' famous weather, gorgeous mountain scenery, thousands of bike riders, and help raising money for charity. There are rides from 5 miles in length all the way up to the 100 mile ride. Anyone can participate and more information can be found on the website for Tour de Palm Springs.

Southwest Arts Festival Jan 27-29, 2012

The Empire Polo Grounds in Indio CA will once again host the Southwest Arts Festival now in its' 26th year. This international art show draws 250 plus artists and features everytype of medium. From Posters and pottery to art glass and sculptures. Admission is charged but there are package and three day passes available. See the Southwest Arts Festival site for more information.

This event is sponsored by the Indio Chamber of Commerce

Humana Challenges Replaces Bob Hope Classic for 2012 Forward

The 52 year old tournament - part of the PGA Tour - has a new name - new corporate sponsor and a relationship with the Clinton Foundation. The new name and format is coupled with a new focus on health and wellness.

  This years event will run from January 16-22nd 2012 and as usual will benefit Desert Classic Charities. To Honor the dedication and legacy of Bob Hope there will be a newly created Bob Hope Trophy. Over the lifetime of the Tournament more than $50 Million dollars has been raised with a large percentage of that going to fund Eisenhower Hospital.

The Tournament will return to PGA West in La Quinta and the La Quinta Country Club course but drop the use of the Silver Rock Resort Course.  Other changes include a reduction to a four day tournament, and one of the 4 rounds being Pro only. An estimated 144 professional golfers will participate in the event.

This exciting national Golf event will once again bring all eyes on the Desert and our enviable lifestyle and beautiful surro…

2011 Final Sales Numbers IN!

2011 Sales Statistics
For The Coachella ValleyArea
9706 total unit sales  Homes/Condos

The year that just ended was a very busy year for Real Estate.  While Short sales and foreclosures made up close to 50% of the market there were still many traditional sales taking place
Counting the Cities from Palm Springs to Mecca we saw 7,338 single family homes sell in 2011.  Almost  a quater of those - 24.05% - sold in 30 days or less.  Another 34.98% - took between 30 and 90 days to sell.

The median sales price for single family homes was $190,750.  Not surprisingly the homes that sold in 30 days or less achieved 97% of their asking price, however the bigger surprise may be that homes on the market for 120 days or more still achieved 92% of their asking prices.

To contrast these numbers with 2010  the percentage of list price achieved went up year over year - in 2010 it was only 93%, so 4% beter in 2011.  The total number of homes sold was down but only by  25 units however, the median sales price …