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Buying – Info For Canadian Buyers

SilverRock Development Update

SilverRock Resort in La Quinta

Owned by the City of La Quinta and Managed by Landmark Golf Management, SilverRock Resort's Arnold Palmer Classic Course is a challenging 7,239 yards sprawling over 200 acres with massive native bunkers and stunning water features. Set against the backdrop and natural beauty of the Santa Rosa Mountains, SilverRock is a former home course of the PGA Tour’s Bob Hope Classic from 2008-2011.

Development Overview

The City, in conjunction with SilverRock Development Company, LLC, has created a development program for SilverRock Resort. The program includes a luxury hotel with branded luxury residential, a lifestyle hotel with branded lifestyle residential, a conference and shared services facility, a mixed-use village, resort residential village, renovation of the existing Ahmanson Ranch House, construction of a permanent golf clubhouse, and associated road and utility infrastructure.  This $420 million dollar project specifically encompasses:

  • A 140-room, 5-star quality luxury hotel and spa and a 200-room, 4-star quality lifestyle hotel;

  • A 71,000 square foot conference center and shared services facility shared by the luxury and lifestyle hotels;

  • A resort village with 150,000 square feet of resort residential units and up to 40,000 square feet of retail space with recreation areas;

  • 35 luxury and 60 lifestyle branded residential homes that are associated with their respective hotels;

  • 160 resort style homes for private ownership with the option for owners to offer as short-term rentals;

  • Renovation of the Ahmanson Ranch House facility as a public event center and to serve as an amenity to the resort; and

  • 5,000 square feet of temperature controlled space with large outdoor patios and event lawn.

To keep up to date visit:
http://www.laquintaca.gov/our-city/city-departments/facilities/silverrock-golf/silverrock-frequently-asked-questions


5 Top Reasons To Purchase A Home In The Palm Springs Area

Courtesy of Haley Kieser

The scenic city of Palm Springs is located in the Sonoran Desert of southern California. This gorgeous little city is known for glamorous hotels, resorts, spas and natural hot springs thereby making Palm Springs the perfect destination for tourists and potential residents alike. The city is noted for examples of mid-century modern architecture giving the town a feeling of old-world glamour.

  1. Outdoor Recreation

    One of the many perks of settling down in Palm Springs is the vast opportunities for outdoor recreation. If you or someone you love is an avid golfer, Palm Springs will without a doubt become near and dear to their heart. If you have not tried the sport, it would be wise to give it a shot after relocating. Golfing would be an excellent hobby to learn given that Palm Springs has been given the high praise of being colloquially known as the “Golf Capital of the World,” and it truly does live up to its nickname. Palm Springs and the surrounding area is home to over 20 lush golf courses, most notably the world-renowned Arnold Palmer Classic Course at SilverRock Resort and the PGA WEST Golf Club & Resort to name a few.

    The Palm Springs area offers majestic views of the Santa Rosa Mountains that are downright breathtaking. The mountains can be viewed from the golf course and enjoyed both up close and afar. Hiking trails are found throughout the mountains. It should be heeded that visitors to the mountains should strictly follow their map, and be sure to head back when half of your water is depleted as the mountains are situated in the middle of a dessert. The good news is that due to the climate of the southern Californian Sonoran Desert, both the hiking trails and the golf courses can be enjoyed year-round.

  2. Beautiful Weather

    Palm Springs is a desert city - the weather gets hot. The best time of the year to enjoy the southern Californian weather would be between January and April when the weather is most hospitable. During the summer months, temperatures will regularly reach triple digits.

    Palm Springs is the perfect location for those who like the heat. Moving to Palm Springs not only means embracing the heat, but embracing the wind farms. Wind farms are a fact of life in the desert and are churned all year long. The windy season in Palm Springs is generally the end of the summer leading into fall. On top of clean energy sources, the added breeze will be a nice touch as the summer heat ratchets up.

  3. Rich History

    Many notable American figures have visited Palm Springs, including Frank Sinatra, Fred Astaire, and Ronald Reagan. In its early years, Palm Springs attracted more visitors than potential property owners. Following World War II, there was a boom of development. At first, visitors flocked to Palm Springs to enjoy the natural bathhouses and hotels cropping up within the quiet desert town. Soon the quaint town would attract the attention of philanthropists, moguls, and starlets who would eventually settle in the area. It is likely they settled after watching the glittering town be advertised on the silver screen.

    The desert was routinely selected as a choice spot for filming silent films and would grow to become an oasis for Hollywood stars outside of film sets. Today, Palm Springs still maintains a sense of old-world glamour wrapped in plenty of modern entertainment options. In fact, one of Palm Springs quintessential historical landmarks, including Walter and Leonore Annenberg’s Sunnylands Estate. Since 2012, the 200-acre estate and historic residence operates as a place of hospitality for international leaders to convene to “promote world peace and facilitate international agreement.” Tours are available for small groups but require a ticket booked in advance.

  4. Minimal Traffic

    An added bonus that will be felt at every turn, is that there is virtually no traffic in Palm Springs. No more days of sitting in traffic for 2-hours for a commute that should, in theory, should take only 20 minutes. City dwellers throughout the country understand the plague of heavy, bumper-to-bumper, stop-and-go traffic. Moving to Palm Springs means making traffic a woe of the past. A drive to the grocery store will be just that, without the need for planning added time to consider for traffic and delays. Even during the busiest times of the year, traffic will always be minimal. The average commute time is about 22 minutes, which is lower than the national average.

  5. Affordable Living

    Compared to huge metropolitan areas like San Francisco or New York, the smaller city of Palm Springs can offer a much cheaper alternative for housing prices without any void of things to do. Although California tends to be expensive as a whole, the Palm Springs area tends to be comparatively cheaper. The median price for a single-family home in Palm Springs is about $300,000, which is subject to change year over year. With the added pocket change, this allows for greater flexibility for leisure around the town and the ability to enjoy the city’s boutiques and fine dining nestled along Palm Canyon Drive.

New Hotel Complex in Development for Indian Wells

A new hotel development that marries homes, condos and conventional hotel rooms is planned for Indian Wells.

Developers announced a proposal to build roughly 300 units – in the form of multi-bedroom villas as well as hotel rooms – in a project aimed at attracting multi-generational travelers who are looking for the space and privacy offered by a short-term rental with the careful standards seen in hotels.

The project, located near the Indian Wells Tennis Garden, is also planning the development of 60 to 80 condos, which can be managed by the hotel as vacation rentals.

“When we look at the way people are traveling, when we look at the evolution of the travel space, when we look at the rise of multi-generational travel, we think we’re on the cusp of another change in hospitality,” Phil Bates, a partner with TMC Group, a real estate development firm from Irvine, told residents in Indian Wells on Tuesday.

RELATED HOTEL DEVELOPMENT COVERAGE: Montage breaks ground on luxury resort in La Quinta

An architect's rendering of a new development planned for the corner of Highway 111 and Miles Avenue in Indian Wells. The project would build roughly 300 hotel rooms, along with condos and villas. (Photo: Submitted photo: TMC Group)

TMC Group officials, along with representatives from Fogelson Group, a Chicago-based real estate development firm, held a community meeting Tuesday at the Indian Wells Golf Resort to unveil the plans for the development proposed for the corner of Highway 111 and Miles Avenue near the Indian Wells Tennis Garden. The project would occupy about 10 acres.

The development team anticipates construction beginning early next year, with completion in 2019 or 2020.

The hotel building with its 300 rooms could be up to 85 feet tall, and is proposed for the back of the site away from Highway 111. Its height was of a concern to some of the roughly 100 residents attending the forum Tuesday.

HISTORY: First airport in Palm Springs was built for El Mirador Hotel guests

“I have a problem with 85 feet,” remarked Andy Elchuck, who lives nearby.

When asked about views of Eisenhower Mountain and other areas, Bates said, “some will be compromised.”

Development plans for the site go back more than a decade when the Fogelson Group proposed building 129 residences and villas. The Fogelson Group is headed by Jerry Fogelson, well-known for his local philanthropy and generous contributions to the Palm Springs Art Museum. He also serves on the board for the Desert Town Hall speaker series.

The property's future was put into question again in 2014 when Phoenix developer Denny Ryerson was unable to finalize an agreement with YAM Capital that would have provided the money he needed to buy out Fogelson and meet critical deadlines connected to his proposed condo development in Indian Wells.

READ MORE: Jerry Fogelson's Indian Wells project faded over decade

The project announcement comes as officials in La Quinta broke ground Monday at SilverRock, marking the start of development on a luxury resort that brings the Montage brand to the Coachella Valley. The project includes two luxury hotels which are scheduled to open simultaneously in October 2019.

Skip Descant is The Desert Sun’s tourism reporter. He can be reached at edescantjr@palmspri.gannett.com and @TDSskip

Palm Springs Real Estate & The California Drought

Palm Springs Real Estate & The California Drought

Desertscape & Grass At Griffin Ranch, La Quinta

Conserving Water In Our Desert Can Be A Good Thing!

California is working through a historical drought. The state has mandated water cuts of 25% statewide and asked for cutbacks of 35% here in the Coachella Valley. Personally I believe that could be a good thing. It’s time we realize that this is indeed the desert and that we need to start planting more desert landscape and less of the big, lush green lawns, which can help achieve our needed conservation of water.

State of California officials are focusing on meeting the new water goals by focusing on the replacement of 50 million square feet of green lawns with ‘drought tolerant landscaping.” Some cities and water districts are offering rebates for replacing turf.

A Little Less Grass, More Desertscape

Newly Installed Deserts Cape By The Hoa At Pga West

Homes that combine smaller areas of grass with desertscape are great examples of just one way to save a lot of water. New homes being developed at Griffin Ranch in La Quinta (top photo) offer just that, and also include programmable irrigation systems with built-in rain sensors that automatically shut off sprinklers when it rains.

And yes, it does rain here in the desert! Several HOA's within PGA West are converting total grass areas to smaller areas of grass combined with desertscape.

New home communities have been required by local water agencies to plant more desertscape and fewer grass areas in common areas for over a decade. Many large country club communities including Rancho La Quinta Country Club started replacing large grass areas with desertscape several years ago, and these areas look great.

Desert Golf Courses Conserving Water

Conserving Water On The Pga West Palmer Golf Course

Palm Springs area golf courses have also been taking action with plans to replace turf areas outside of fairways and greens with desertscape. In past years, golf courses had been slow to conserve water because water has been cheap and plentiful here in the desert, but with mandated cuts many are now making the changes.

PGA West in La Quinta, the largest golf community in the desert already cut water usage this year by not over-seeding non-fairway and greens areas. Those areas of grass go dormant and for now require no watering. In addition, some of the HOA’s within PGA West have recently replaced common area grass with more desertscape. Others are in the works.

Inexpensive Desert Water

According to a recent article in the Los Angeles times, water in the LA area is about five times more expensive than here in the desert. And with this cheap water, golf courses and other large water users had little incentive to conserve water over the years. But now with state-mandated cuts, golf courses, and other large users are finally taking action.

The Coachella Valley Water Source

Coachella Valley's All American Canal

Most of the desert regions water supply comes from an underground aquifer. It’s so big “when the U.S. Geological Survey tried to measure its size, their scientists got to 12 trillion gallons, and they stopped counting,” said Coachella Valley Water District Spokesperson Heather Engel.

In recent years though, the valley had been drawing more water from this giant aquifer than it had been replacing. That's now being reversed by importing water via the 120 mile All American Canal from the Colorado River and letting it percolate into the giant aquifer. Long term though it’s up to all of us enjoying the desert lifestyle to plant more desertscape, less grass and not to waste our water resources.

Year-Round Sunshine Still Popular Here

People love the desert because of our almost year-round sunshine and warm temps. We have cheap water compared to the rest of Southern California, but that’s no excuse to not be smarter how we use our water.

Vacation Home Sales Up 57% Over Previous Year

Palm Springs Area Second Home Sales Update

Sales of second homes or vacation homes rose 57% in the U.S. last year compared to 2013 according to The National Association of Realtors (NAR). During 2014, 1.3 million vacation homes were sold which is a new record.

And according to this NAR survey, vacation homes accounted for 27% of all real estate transactions last year. The survey also found that 85% of vacation homebuyers think that now is a good time to invest in real estate.

These trends appear to parallel what we are experiencing here in the Palm Springs real estate market. 2014 was a record year for Sheri Dettman & Associates, and so far 2015 is tracking well ahead of last year.

Several Reasons Second Home Sales Are Strong

Palmilla Luxury Homes In La Quinta

Baby boomers remain a driving force behind second home sales. Many boomers have enjoyed a six-year market rally, and some of these boomers are now taking some of those gains out of the market and investing in second homes.

Related Articles: Information For Buyers

Many of our current boomer clients also tell us that as they move closer to retirement they are investing in second homes that they’ll later make their primary residence.

Desert Buyers Taking Advantage Of Today's Low Interest Rates

In past years, we saw a mix of about 50/50 cash versus loan purchases. This year however we’re seeing more buyers taking advantage of today's low-interest rates and conserving cash. That said, many mortgage experts expect interest rates to start rising sooner rather than later.

Canadian Buyers Coming Back Into The Palm Springs Market

As the Canadian Dollar retreated against the U.S. dollar last year, we experienced a pullback in second home purchases by Canadians. U.S. homebuyers, especially from within the State of California stepped up in large numbers to keep our market growing.

Now however we’re starting to see a lot of Canadian buyers jumping back into the Palm Springs area market, and in all price segments from affordable to luxury. We have also seen quite a few Canadians with existing Palm Springs area homes trading up this year.

Palm Springs Real Estate Market Update

Sorry About Our Warm Palm Springs Weather This Week!

Our Palm Springs weather this week is one major reason so many people choose to spend part of or all winter here and to invest in Palm Springs Real Estate. My husband Bill took the photo above just yesterday at Rancho La Quinta Country Club.

Daily sunshine this week, with high temperatures averaging about 82º F (27.7 º F) are certainly being enjoyed by locals and visitors alike. Seeing people enjoying our Palm Springs area golf courses, tennis courts, bike paths and of course thousands of pools testament to our sunny days.

As you can imagine, we have clients that have primary homes and businesses located throughout the United States and Canada. And over the last few weeks I’ve been getting tons of weather updates from many wet, cold and snowy parts of North America. Several of these clients have recently purchased Palm Springs area homes and are looking forward to returning to the desert later this month.

To Warm For Canadians?

Just yesterday, Carol, one of my Canadian homebuyers at Hideaway Golf Club in La Quinta was telling me that she’d prefer cooler weather. She'd prefer our February temps to be in the 70’s rather than the low to mid 80’s. I’m curious. Do other Canadian’s feel the same way or are you good to go with the 80’s?

How’s The Palm Springs Real Estate Market?

Personally, our Sheri Dettman & Associates team of specialists is busy. Our 2014 sales were up about sixteen percent over the previous year, and we are forecasting double-digit growth again this year. As we examine our local golf and country club community sales trends each month, we again see that Palm Springs real estate is local. And when I say local, I’m talking about right down to the neighborhood level.

Keep in mind that the national and even local news outlets usually report Palm Springs real estate sales on a city-by-city comparison level. They also reference the median priced home. But if you’re buying or selling in a gated luxury golf or country club community that information often has little or no bearing.

Before Buying Or Selling, Information Is Knowledge

Information is knowledge. And our goal is to help our buyer and seller clients be some of the best-informed buyers and sellers in the Palm Springs real estate market. A little extra knowledge can often result in a smoother and more profitable real estate transaction.

For our homebuyer clients, we develop community-by-community proprietary sales data down to a micro level before you make an offer. For our home seller clients, our community data can help price your home correctly while your home’s competition could be priced over or worse, under the market price.

Why Not Contact Sheri Dettman Today!

If you're considering buying or selling a Palm Springs area home or luxury condo, then contacting Sheri Dettman is a good thing. Why not do so today?

Palm Springs Area Homebuyers & Sellers Love Video

Palm Springs Area Homebuyers & Sellers Love Video

12,000 Video Views This Year From Around The Globe

So far this year we’ve had over 12,000 views of our exclusive Sheri Dettman & Associates real estate videos. We’ve always known that people interested in buying Palm Springs area real estate love video tours, and these recent stats seem to back that up.

After all, the desert home buying process is about much more than real estate, it’s about finding just the right Palm Springs area community and property for your lifestyle. And what better way to check out the homes and amenities available in our desert communities than HD video tours.

Video Benefits Our Homebuyers & Sellers

Sheri Dettman Narrating A Video In Our Studios

Videos benefit our buyer clients by helping them get to know our Palm Springs area golf and country clubs, and popular non-golf communities as well through our exclusive video tours. Narrated video tours of our Sheri Dettman & Associates Featured Properties for sale are a great way to tour each property from anywhere in the world.

Our Sheri Dettman & Associates home seller clients benefit by having their properties seen by more potential buyers. A top-notch Palm Springs real estate video tour should succeed in getting potential buyers excited about your home and motivate them to request a showing. If you’re considering selling your Palm Springs area property, here’s more information about Sheri Dettman & Associates video marketing.

Worldwide Real Estate Exposure

Looking at our recent video stats shows the international interest in Palm Springs area real estate. The USA leads our viewership stats followed by Canada, Taiwan, The UK, Mexico, Australia, Israel, Switzerland, Italy, Singapore, France and an amazing sixty-two other countries. Now that’s a wide audience!

Videos Handmade Fresh In-House

My husband Bill Dettman heads up our in-house video production team. We invested in production gear including a video studio with green screen, LED lighting, teleprompter, professional cameras and all the associated gear (sorry, tours of our studios are not being scheduled at this time).

Video shoots of our seller clients homes listed for sale involve a crew of three to four team members. And if you spot some refreshing ice tea or lemonade by the pool in our videos, you might be interested to know those are some of the movie props we utilize on many of our video shoots.

The Canadian Dollar & Palm Springs Real Estate

The Canadian Dollar & Palm Springs Real Estate

According to the Canadian Imperial Bank of Commerce (CIBC), the Canadian Dollar will likely continue its long, slow slide and may fall below 85 cents U.S. sometime in 2015.

While CIBC sees the lower loonie as a good thing for the Canadian economy, some Canadians may be rethinking buying a Palm Springs area vacation home this year. Does this make sense?

Is Investing In Palm Springs Real Estate A Good Move Today?

If a Canadian buys a Palm Springs area home today and the loonie later declines, has this buyer not done well by investing in the U.S. dollar asset that is rising against the Canadian Dollar? And if Palm Springs area real estate gains in value again this year would that not be another good scenario?

I’ll be the first to admit that my financial crystal ball is in the shop for repairs. And I never give financial advice (and I’m not doing that here). My point for Canadians is to look at the big picture and speak with your chartered accountant about this scenario.

This Is About Your Lifestyle & Real Estate

Most Canadian homebuyers tell me that they are not simply investing in a Palm Springs area home. Instead, they see themselves investing in a Palm Springs area lifestyle for their family and friends. And if your lifestyle investment just happens to increase in value through real estate appreciation or a rising U.S. dollar, I’d call that a win-win situation.

Palm Springs Area Luxury Home Purchases By Canadians

During the past six months, we’ve seen an increase in purchases of luxury and super-luxury properties here in the desert by Canadians. Recently I helped a Canadian couple find their new country club home that was priced at U.S. $5.6 million. Theses buyers, like other Canadian buyers, are still finding great values here in the Palm Springs area, and they likely see investing in the U.S. as a good way to diversify their investments.

Here’s a link to a related article in The Huffington Post.

Disclaimer: The above information is not intended to be financial or legal advice or a prediction or advice for any financial or real estate markets. If you desire financial advice, please consult your chartered accountant or real estate attorney.

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