Whether it be real estate updates, restaurant reviews, events, or highlights of unique homes in Palm Springs, follow Sheri as she covers all that Palm Springs and the surrounding area has to offer.
DataQuick Information Systems reported on May 24th that sales of resale homes here in the Coachella Valley fell 0.5% during April compared to April 2010. Here’s how our local Palm Springs area real estate market did compared to the national and state numbers for the month of April:
April 2011 versus April 2010 Re-sales:
Coachella Valley: -0.5%
California state-wide: -6.1%
Nationwide: -12.9%
In Palm Springs modern real estate news, the 7,000 square foot residence originally designed for Dinah Shore in 1963 has sold for $4.9 million. This iconic Donald Wexler design is located in the Old Las Palmas neighborhood of Palm Springs. The home was built in 1965 and features six bedrooms, eight baths, two guesthouses, a tennis court, pool and spa on 1.3 acres of land.
According to our Desert Area MLS the home was extensively remodeled. The home is considered an important and architecturally significant estate. Jerry Herman who is known for the stage hits of Mame and Hello Dolly also once owned the home.
City of Palms Springs Luxury Real Estate Update
23 homes within the city of Palms Springs have sold for over $1,000,000 to date in 2011. This compares to 23 million plus sales during the same period in the prior year. Average selling prices for luxury homes in the city of Palm Springs have remained fairly stable from last year. $1,503,738 was the average in 2010 versus $1,485,620 year to date in 2011.
52380 Ross Avenue, La Quinta
Madison Club Custom Residence Homesite
Sheri Dettman & Associates Represented Buyer & Seller
Priced at $995,000
Villa homes overlook a water feature and putting green
1130 Lake Vista, Palm Desert
Bighorn Golf Club Villa
3,314 Square Feet / Priced at $2,495,000
Sheri Dettman & Associates Represented Buyers (not listed on MLS)
Sheri Dettman & Associates was recently awarded the #50 position in the United States and Canada for sales teams during the first quarter of 2011 by Keller Williams Realty. Keller Williams has almost 80,000 agents in over 700 offices in the U.S. and Canada.
Sheri Dettman & Associates is modeled after progressive companies such as Google, Apple and Amazon. Sheri’s team fully utilizes mobile technology and new marketing tools, and has a proven track record to ensure high quality client services and communication for buyers and sellers of resort lifestyle real estate in the Palm Springs area cities of La Quinta, Indian Wells, Rancho Mirage, Palm Desert, Indio and Palm Springs.
Palmilla waterfront homes in La Quinta
90% Year-To-Date Sales Increase Over 2010
With our mid-year date of June 30th about a week away we (Sheri Dettman & Associates) are experiencing a whopping 90% increase in sales volume year-to-date versus the same period of 2010. We’ve noticed that many of our buyers this year actually started their property searches with us in ‘08 or ‘09. They had been watching and waiting and are now taking advantage of some great real estate opportunities that our team helped them to discover.
Contrary to many of the national real estate stories, I will again go on record as saying that real estate is indeed local. And our real estate gets even more locally-dependent based on the price segment, the city, the gated community and even each individual property. These are just a few of the things we consider for each of our clients.
Palm Springs Area Inventory Improving From The Bottom Up
Inventory levels here in the desert continue to improve from the bottom up with some gated communities reporting supplies lasting just a few months. And so far this year we have also recorded a 300% increase in our home luxury sales (over $1 million) over the same period of 2010.
Buyers in increasing numbers from all over the world continue to have our Palm Springs area on their radar and don’t seem to be the least bit interested in being cold or wet again next winter. Many people are surprised to hear that our summer sales typically only decrease 7% from winter, so 2011 looks to be a stellar year for us proving once again that real estate is local.
The patio entry to The Venue - Photos: Bill Dettman
Please see our update at the bottom of this article.....
Don't Miss The Venue Sushi Bar & Saki Lounge, Palm Desert
I enjoy discovering new dining experiences in the Palm Springs area many times via recommendations from friends and associates. Before going to a new place I’ll usually take a quick look at online reviews on Yelp. If things look positive and/or interesting we are a go!
We discovered The Venue Sushi Bar & Sake Lounge from our friend Eric Brooks at Land Rover, Rancho Mirage. My husband Bill was out ‘kicking tires’ and had mentioned to Eric that we were going out for sushi that night. Eric recommended the newly opened “The Venue”. The Yelp reviews looked positive so off we went.
Tucked Away Amongst The Shops of El Paseo
The Venue has been open about four months and is tucked away just off El Paseo. A small patio out front is set back from El Paseo. The inside space is both stylish and sleek. From the moment we walked in we felt welcomed and very looked after by owner Engin Onural and his staff.
We sampled three sushi dishes; Bosphorus (shrimp tempura with crab meat, avocado, cucumber and gobo); The Venue (spicy tuna topped with seared salmon, spicy mayo, teriyaki sauce, micro greens and tobiko); and The Spider (crab meat, deep fried soft shell crab and avocado with spicy mayo). The verdict? All three were wonderful! In fact we re-upped on a second order of “The Venue.”
Most of the sushi we enjoyed was topped with a small piece of fresh fruit chosen to compliment each item. What a wonderful and refreshing idea! The Venue features an awesome staff and attentive service, a hip lounge style atmosphere and we plan to return a second time later this week. And please let us know what you think about The Venue or other suggested Palm Springs area dining via our "Post A Comment" button up top.
The Venue is open for lunch and dinner Monday through Saturday and is located at 73-111 El Paseo, Suite 103 in Palm Desert. Reservations suggested. (760) 346-1500
> View ALL Desert Dining Suggestions Here
Update on 2013-04-29 17:14 by Sheri Dettman
We are sorry to say that numerous friends and clients have told us that the Venue Sushi Bar of today is not the Venue many of us came to enjoy last year. My husband Bill and I recently dined there after hearing this, and the food and service was below par. Dissapointing.
Golf cart bridge at Madison Club La Quinta
Luxury Real Estate in the Palm Springs real estate market generally refers to homes for sale priced over $1 million. In the last 12 months 314 homes and luxury condos sold for $1 million or more in the Palm Springs area cities of La Quinta, Rancho Mirage, Indian Wells, Palm Desert and Indio.
La Quinta Tops Recent Super-Luxury Real Estate Sales
Luxury Real Estate Sales During The Last Six Months by City:
Top Sale Last 6 Months at $7.6 million in La Quinta
The highest price most recent sale was a new custom estate home that sold for $7,600,000 at The Madison Club in La Quinta. Home sales over $2 million are also common at Hideaway Golf Club and Tradition Golf Club (La Quinta), Vintage Club and The Reserve (Indian Wells) and Bighorn Golf Club (Palm Desert).
Source: Palms Springs market sales data from the Desert Area MLS
849 Mission Creek, Palm Desert / 3,576 Square Feet
Indian Ridge Country Club
Sheri Dettman & Associates - Represented Buyer
Priced at $849,000