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Dear Friends,
We hope this email finds you well. As your trusted real estate advisors, we want to provide you with the latest updates on the local market, upcoming events, and exciting listings. Let's dive right in!
Last week, the Coachella Valley experienced the impact of Hurricane Hillary, resulting in significant flooding throughout Palm Springs and surrounding areas. While crews are working diligently to repair the damage and clear the roads, some main routes are still closed. Highway 10 was particularly affected, causing disruptions in transportation across the valley. We appreciate your patience as the community recovers from this natural event. On a positive note, the rain has subsided, and temperatures have returned to the high 113s for the weekend.
Though no major events are currently scheduled, we invite you to explore the vibrant scene in Greater Palm Springs. From low-key concerts and weekly live music lineups to dinner parties and trivia nights, there's something for everyone. If you have any specific events that you know of or would like to share, please feel free to let us know.
The real estate market in Coachella Valley remains stable, with home prices maintaining their level due to low inventory. Buyers are displaying patience, partially influenced by the current interest rates hovering around 7.48%. However, we anticipate a surge in purchasing once rates begin to decrease next year. If you've been contemplating a move, now is an excellent time to both sell and buy, as the next few months may mirror the purchasing frenzy we saw in 2021.
We are thrilled to announce the launch of our brand-new website, www.exprealtyconnection.com. As part of our commitment to providing exceptional service, we have transitioned to our own brokerage, allowing us to reach more customers and access a wider range of off-market properties. Our team is growing, with several talented individuals joining us as other agents exit the business. During the pandemic, we capitalized on market opportunities, ensuring our clients could safely view and list properties. We are grateful for your trust and support during these challenging times.
This week, we have three remarkable listings coming onto the market:
- A stunning vacation rental in Palm Springs priced at $1.6 million and has been succesfully grossing over $120,000 a year in rent accrued
- A spacious, family-style home in Cathedral City with breathtaking mountain views, listed at an affordable $685,000. This home was built in 2021 and is a 5 bed (master and main level ensuite) with 3 full bath home boasting over 2000 square feet and larger private lot.
- A charming cabin-style home in Sky Valley, just 16 minutes from downtown Palm Springs, offering nearly 4 acres of land, running water, full electricity, and sewer connection. This property provides a delightful alternative for those seeking the tranquil beauty of Joshua Tree.
All these homes can be viewed before they officially hit the market. If you or anyone you know is interested, please reach out to our website or respond to this email for more information.
When you work with The Stuart Team, you benefit from our extensive technological expertise and state-of-the-art strategies to maximize your profits and save you more on purchasing. We leverage advanced tools to uncover off-market properties tailored to your specific needs. With open houses scheduled throughout the weekend, now is the perfect time to explore the options available.
Below, you'll find a list of new listings across the valley, as well as properties that recently closed in the market.
Thank you for your continued support, and we look forward to assisting you in your real estate journey. Should you have any questions or require further information, please don't hesitate to reach out.
Daniel Stuart The Stuart Team - Real Estate Experts in Coachella Valley
THIS WEEK'S OPEN HOUSES
Here are the links to this weeks new listings and sold properties. East (Palm Desert, Indian Wells, La Quinta) and West Valley (Palm Springs, Cathedral City, Rancho Mirage, Desert Hot Springs). New listings are up 33 this week bringing the total to 122 west valley, and 73 east valley which is exactly even from last week. There were 84 homes sold which is down 19 from last week!
First link: New listings West Valley this week. NEW LISTINGS WEST VALLEY THIS WEEK 08/17- 08/24
New listings East Valley this week. NEW LISTINGS EAST VALLEY WEEK OF 08/17- 08/24
Sold homes this week SOLD PROPERTY 08/17- 08/24
If you are interested in finding out more about what this beautiful valley has to offer, check out our website. Feel free to reach out to us, so that we may help with any of your real estate needs. We look forward to hearing from you soon and helping to make your dreams come true! Set Up Appointment with Stuart Team
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