Indian Wells California

Incorporated in 1967  it is one of the smallest cities in the Desert area known as the Coachella Valley.  Indian Wells boasts the highest per capita income of any city in the state. Part of the credit of the founding of the city can be traced back to TV legend Desi Arnaz who with several other partners built and opened the Desi Arnaz Western Hills Lodge in 1957. This eventually led to the development of what is now the Indian Wells Country club. The Hotel is now a newer structure called the The Indian Wells Resort Hotel.

President Eisenhower once lived here at the El Dorado and the Bob Hope Golf Tournament was played, for many years, at the Indian Wells Country Club. Indian Wells is home to many beautiful resorts activities and of golf, see more on the city website: Indian Wells California

Indian Wells is a very special place to call home. Homeowners enjoy special benefits and discounts with their city ID card. Some examples are: $35 Greens fees, 20% merchandise discount, 20% food and beverage discount all at the Indian Wells Golf Resort. Spa discounts of 20% at the Hyatt, Miramonte and Esmeralda resorts. Also included are a social club and special resident nights or event days at the tennis tournament, Living Desert, Fourth of July special events and much more.

Today Indian Wells is Primarily a residential community, mostly gated country clubs and has very little commercial development outside of its famous luxury resorts and golf course. See Our Blog Post on The Vintage Club.

In 2000 the Indian Wells Tennis Garden opened and is reported to be the second largest tennis stadium in the world. Currently the major event played here every year is the Pacific Life Open which Has been renamed the PNB Paribas Open. Larry Ellison of Oracle fame and a valley resident is the primary backer of this important tennis tournament. See our blog post about the exciting 2013-2014 expansion coming to the Tennis Garden.

Vintage Club Indian Wells California

Take A peek Inside the exclusive Vintage Club in Indian Wells CA. Part of the Coachella Valley and Palm Springs Area the Vintage Club offers a one of a kind setting that is truly breathtaking. Not many people get a chance to see behind the impressive Bougainvillea covered entry gates but you can in this video. Along with Big Horn and The Tradition The Vintage Club reigns as one of the top spots in the greater Coachella Valley for extreme Luxury Living.

The property featured in the video is no longer available for sale but others are you can see Homes For Sale In The Vintage Country Club here.

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 was down 15K over 2010 when it was $205,000.

Looking at  Condo sales in 2011:  We saw 2368 total units sell The median price for those was $173,750. Asking price vs. actual sales price percentages were in a tight range between 92% and 94%. The most telling thing in this category was the days on market - or time it took to sell a condo. Almost half 48.3% of the units took over 120 days to sell. Buyer resistance to homeowners fees and more difficulty qualifying for a loan were the primary culprits here.

There were 5 homes sold in 2011 over 5 million dollars in the valley. One at the Hideaway one at Bighorn in Palm Desert and 2 at the Vintage.  The winner for top sales price was a 7.6 million dollar estate in The Madison.

See Luxury Properties In The Desert

With the vastly reduced inventory (only 4858 homes and condos valley wide) 2012 promises to be a very competitive year for home buyers in the Coachella Valley especially in the more popular price points.  Most well priced properties are once again seeing multiple offer situations.

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