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Buying – Info For Canadian Buyers

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.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers, Real Estate Market Updates

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?

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers, Real Estate Market Updates, Selling - Info For Sellers
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.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers, Info For Sellers
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.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying – Info For Canadian Buyers
Hey Canada: Happy Canada Day 2014!

Hey Canada: Happy Canada Day 2014!

Much like our July 4th here in the United States, Canada Day celebrates the Constitution Act of 1867, which created Canada.

A Canadian federal law passed in 1879 makes July 1st a statutory holiday which progressed from the “Anniversary of Confederation” to “Dominion Day” and finally to “Canada Day.”

Every American Should Visit Canada More Than Once!

My husband Bill and I have enjoyed extensive visits to Canada over the years. And my advice for Americans that have not traveled to Canada is just to go! You won’t be disappointed.

Travel to Canada also represents a great summer getaway for full-time Palm Springs area residents and is closer than you think. The provinces (similar to our States) of British Columbia and Alberta are popular western Canada destinations for those of us in the Western U.S.

Canadians Investing In The Palm Springs Real Estate Market

Canadians continue to play an important role in the Palm Springs Real Estate Scene. Like many U.S. buyers, Canadians want to escape their cold and wet northern winters and what better place for them to discover a great home in the sun than the Palm Springs Area! 

Over the years, Canadians have been investing in Palm Springs Area Real Estate in record numbers. Even with the Canadian Dollar down a bit in value this year compared to the US Dollar; Canadians continue to agree that the prices in the Palm Springs market are a great value–especially compared to metro cities in Canada.

Helpful Canadian Buyers Video

For Canadians interested in Palm Springs Area Real Estate, here's a link to a popular video; Information For Canadian Buyers

Happy Canada Day eh!

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying – Info For Canadian Buyers, Lifestyles & Things To Do
Much More Than Palm Springs Real Estate

Much More Than Palm Springs Real Estate

The City of Palm Springs is the most well known city in the Coachella Valley. Therefore most people refer to the entire area as Palm Springs. But keep in mind that the Palm Springs real estate market is much larger than Palm Springs itself. In fact, The City of Palm Springs is only the westernmost city of The Coachella Valley.

The Palm Springs Areas Most Active Real Estate Cities

  • Indian Wells: Real Estate For Sale In Indian Wells is valued year-after-year at the highest averaging selling prices of all Palm Springs area communities. Luxury golf and country club communities within Indian Wells include Indian Wells Country Club, Toscana Country Club and Desert Horizons just to name a few.
  • Indio: Homes & Condos For Sale In Indio range from entry-level to super-luxury. Indio is home to four private golf and country club communities as well as ten public golf courses. Popular communities in Indio include Stonefield Estates at Santa Rosa, Desert River Estates and Montage at Santa Rosa.
  • La Quinta: Real estate developments in La Quinta are newer than those of most valley cities. Homes For Sale In La Quinta aren't just for snowbirds as a growing number of people are making La Quinta their year-round residence. La Quinta real estate is available in most of the cities 23 public and private golf courses. Popular La Quinta golf communities include Andalusia at Coral Mountain, Hideaway Golf Club, PGA West and Rancho La Quinta Country Club.
  • Palm Desert: Real Estate For Sale In Palm Desert includes homes and condos in golf and country club communities, gated non-golf communities and non-gated neighborhoods. Palm Desert Homes and Condos range from entry level to super-luxury. Popular Palm Desert golf communities include Bighorn Golf Club, Indian Ridge Country Club and Ironwood.
  • Palm Springs: Real Estate For Sale In Palm Springs range from entry-level homes and condos to high-end luxury homes and estates. Palm Springs real estate includes a variety of styles including Spanish, ranch, modern, and of course, mid-century modern.
  • Rancho Mirage: The desert community of Rancho Mirage is largely noted for its luxury residential developments and is home to three world-class destination resorts. Real Estate For Sale In Rancho Mirage ranges from entry-level condos in established communities to luxury golf communities.

Tips For Browsing Palm Springs Area Real Estate Online

Each Palm Springs area city offers community features appealing to both seasonal and year round residents. But what’s the best way to start your search for a home and condo? When you’re ready, let’s talk! You see after helping hundreds of people find their home in the desert sun, I can likely help you avoid some common mistakes that many first-time desert homebuyers sometimes make. I’ll also help you ‘supercharge’ your online property search by eliminating properties that might look good online, but don’t match your wish list.

Discover More Information For Buying Palm Springs Area Property Here.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers
From Hundreds Of Homes To Just 17 In About 10 Minutes

From Hundreds Of Homes To Just 17 In About 10 Minutes

Photo: PGA West Golf Condo Just Listed at $335,000

Discover How To Fine Tune Your Palm Springs Area Home Search

Just this week a future buyer client called me to gather information about investing in a Palm Springs area second home. I asked David a few questions that have proved helpful in helping past clients, and I was able to fine tune David's home search.

I discovered that David felt that there were hundreds of properties on the market that fit his parameters. I suggested we set up an online property portal so that he could have a better idea of what properties matched his criteria.

When I set up a property portal for a client, I utilize local MLS search criteria tools that are exclusive to Palm Springs area Realtors. These search tools give me dozens of options in fine-tuning each client’s search and are light years ahead of the national real estate sites.

Better Searches, Better Results

You see when David had been using a national aggregator real estate site like Zillow®, he had viewed several hundred properties that seemed to match his criteria. But after David and I refined his search criteria using our MLS, he was shocked to see that just 17 properties actually matched what he was looking for.

David quickly discovered the advantage of being plugged in to our local Palm Springs area MLS. In just ten minutes David and his family were set up for success in being able to see what homes truly fit their wants, needs and budget.

Your Own Local MLS® Property Portal

If you have not taken advantage of using your own MLS Property Portal, consider that I can easily set one up for you in just a few minutes. With your own MSL portal, we'll supercharge your property search by adding criteria that’s important to you such as whether you want a swimming pool, golf community, single family home or condo, view preferences and more.

To gain the advantage of using your own exclusive MLS Property Portal, please contact us today by phone or send an email.

Discover more information and resources on Sheri's exclusive Information For Buyers web pages.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers
Many Boomers Seeking an Active Palm Springs Area Lifestyle

Many Boomers Seeking an Active Palm Springs Area Lifestyle

76 Million Boomers Began Turning 50 This Year!

"The youngest of 76 million boomers have begun turning 50 this year and 10,000 boomers per day will turn 65 from now through 2030." This data was shared in an article on CNBC.com article about the booming housing market for Boomer Retirees.

The article mentions how more and more boomers are seeking an active lifestyle and how these demographics alone are driving increased demand for 55-plus communities. "The concept has gotten an even bigger boost in recent years as more boomers find themselves sitting in an empty nest in an active housing market," the article said.

As I read the article, I thought of the Palm Springs area real estate sales as it relates to this huge boomer market. Yes, the Palm Springs real estate market has several active adult communities including Sun City Palm Desert, Sun City Shadow Hills and Heritage Palms Country Club in Indio, and Trilogy at La Quinta. 

Many people like active-adult communities because the Home Owners Association (HOA) can do the 'heavy lifting', such as yard work. There are also a variety of social and athletic activities to enjoy. But that's the great thing about so many of our Palm Springs area golf and country clubs, and even non-golf resort lifestyle communities–the heavy lifting can be done for you!

Many Desert Communities Provide Value Added Services

Let's take PGA West in La Quinta as an example. PGA West includes about 2,400 homes and luxury condos. Most neighborhoods include landscape maintenance for each property and condos include exterior building maintenance too. Several golf clubs and country clubs including La Quinta's Hideaway Golf Club offer a private concierge service for members. The concierge service will take care of just about any task for you.

Another benefit in the Palm Springs real estate market is the number of property manager's available to check your property when you're away. Property managers can also help you take care of things in and around your home, regardless of where you choose to live in the desert.

Golf & Country Club Amenities Popular With Boomers 

Many of our local golf and country clubs offer wellness programs for members and/or homeowners and their guests and you often don't need to leave your neighborhood to take advantage of a massage, dinner, golf or tennis.

Other communities such as Legacy Villas in La Quinta offer a lock n' leave condo and townhouse lifestyle that also includes 14 pools, onsite fitness, walking to shops and dinner and more.

Boomers Can "Have It Their Way" In The Palm Springs Real Estate Market 

Bottom line is this. The desert resort lifestyle that so many people have come to enjoy here in the Palm Springs area can be yours in a variety of locations, price segments and amenities. Like the old Burger King® commercial broadcast, "You can have it your way!"

Photo: Rancho La Quinta by Bill Dettman

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers, Golf Communities
Let The Sun Shine, Please Let The Sun Shine!

Let The Sun Shine, Please Let The Sun Shine!

Andalusia Model Home, La Quinta

If you’re like me you likely appreciate our mostly year-round sunshine here in the desert. On a regular basis I’m told by dozens of clients that they just want to be warm and dry. Being able to get up almost every day and choose your choice of outdoor pursuits is a good thing.

These thoughts hit home for my husband Bill and I as we took a working-vacation road trip to the Pacific Northwest recently. Bill was actually looking forward to experiencing some rain, which might seem odd unless you live full time in the desert.

A Change Of Scenery And Weather

Bill certainly got his wish for a change of weather! Once we hit Northern California and Southern Oregon we drove in rain while seeing snow falling on the nearby mountains in late June!

After five days of on and off again rain in the Pacific Northwest, and with temps a full 50 degrees cooler than they are back home in the desert right now, Bill joins me in looking forward to our eventual return to our warm desert environment.

Trips like this reinforce many of the reasons why we chose to live and work in the Palm Springs area. While it’s always nice to get away for a while, it’s also good to return home to warm sunny skies.

From Sheri Dettman
In Sheri's Palm Springs Area Blog, Buying - Info For Buyers, Buying – Info For Canadian Buyers
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