Palm Springs Homes Sold

Palm Springs real estate. Here are the final July 2008 single family homes sales in Palm Springs, CA. Sales are separated by area - south, central and north. If you're new to the blog, prices in parenthesis are original list price.

South Palm Springs:

7/11: 680 S Compadre Rd., Los Compadres, 3/2, 1673sf, $515,000. ($515,000.)
7/14: 2515 E San Mateo Cir., Los Compadres, 4/3, 1776sf, $592,500. ($635,000.)
7/18: 1366 E Via Estrella, Canyon North, 3/3.5, 2715sf, $550,000. ($749,000.)
7/21: 1745 Pinnacle Point Rd., Andreas Hills, 4/4.5, 3659sf, $1,800,000. ($2,495,000.)
7/23: 996 S Calle Santa Cruz, Demuth Park, 3/1.75, 1342sf, $240,000. ($259,000.)
7/23: 607 S Camino Real, Warm Sands, 3/2, 1607sf, $320,000. ($499,000.)
7/23: 1930 S Toledo Ave., Canyon North, 3/2, 2250sf, $550,000. ($689,000.)
7/25: 956 S Paseo Caroleta, Demuth Park, 3/1, 1118sf, $82,000. ($85,000.)
7/25: 955 Bogert Trail, Andreas Hills, 3/3.5, 3565sf, $825,000. ($975,000.)
7/28: 1180 E Mesquite Ave., Tahquitz River Estates, 4/3.5, 2782sf, $535,000. ($849,000.)
7/30: 1394 S San Mateo Dr., Los Compadres, 3/2, 1560sf, $525,000. ($599,000.)
7/31: 852 E Mesquite Ave., Tahquitz River Estates, 3/3, 2048sf, $650,000. ($749,000.)

Central Palm Springs:

7/18: 457 N Juanita Dr., Sunrise Park, 4/0, 1928sf, $475,000. ($344,900)
7/18: 770 N Avenida Palos Verdes, Movie Colony, 6/5, 4276sf, $1,213,000. ($1,700,000.)
7/22: 1401 N Via Monte Vista, Vista Las Palmas, 3/3.5, 3504sf, $1,462,500. ($1,699,000)
7/24: 2029 E Paseo Gracia, Sunrise Park, 4/4, 2928sf, $490,000. ($499,900)
7/24: 275 N Michelle Rd., Sunrise Park, 3/1.75, 1468sf, $554,900. ($629,900.)
7/30: 665 N Paseo De Anza, Ruth Hardy Park, 2/2, 1200sf, $385,000. ($449,000.)

North Springs:

7/22: 387 W Sunview Ave., Gateway Highlands, 3/2, 1170sf, $73,900. ($84,900.)
7/22: 1691 E Racquet Club Rd, 4/2, 1717sf, $242,000 ($274,900.)
7/22: 390 W Yorba Rd., Racquet Club West, 3/2, 1560sf, $354,000. ($444,000.)
7/24: 593 W Yorba Rd., Racquet Club West, 4/3, 2246sf, $465,000. ($499,000.)
7/25: 790 W Gateway Dr., Gateway Highlands, 3/2, 1248sf, $95,000. ($149,900.)
7/25: 502 W Pico Rd., Racquet Club West, 3/2, 2055sf, $330,000. ($399,000.)
7/25: 2925 Sequoia Dr. S., Park San Rafael, 3/2, 1766sf, $440,000. ($447,900.)
7/29: 1037 Enamor Ct., Murano, 4/4, 2749sf, $699,000. ($859,000.)

Russell Hill 760.902.3121, RussellHill.net

July '08 sales results

Palm Springs real estate. Homes sold in Palm Springs, CA
Below are stats for single family home sales in Palm Springs for July '08 with comparisons to July '07

Palm Springs (all):

07/08: 50 sales, $457,500 median sales price, $241.45sf
07/07: 59 sales, $515,000 median sales price, $306.03sf

South Palm Springs:

07/08: 18 sales, $525,000 median sales price, $247.20sf
07/07: 17 sales, $725,000 median sales price, $295.60sf

Central Palm Springs:

07/08: 12 sales, $482,500 median sales price, $304.61sf
07/07: 21 sales, $668,250 median sales price, $$345.63sf

North Palm Springs:

07/08: 20 sales, $354,017.50 median sales price, $198.38sf
07/07: 20 sales, $415,000 median sales price, $273.54sf

Please post your comments!

Russell Hill 760.902.3121

Source: Desert Area MLS

Homes for Sale in Palm Springs

Palm Springs real estate. There are currently 21 homes for sale in the Deepwell neighborhood, located in South Palm Springs.

The current listings are below. Please share your opinion about these homes, or contact me if you would like more information about any of these listings.

1644 Sagebrush Dr, 3/3, $499,500.
1353 S Calle Rolph, 3/1.75, $579,000.
1520 S Driftwood Dr., 7/4.5, $579,900
1017 S Calle Rolph, 3/2, $590,000.
1691 E Ocotillo Ave., 3/2, $634,000.
1124 S Sagebrush Rd., 3/3, $698,000.
1655 E Palm Tree Dr., 3/2, $699,000.
1487 S Driftwood Dr., 3/1.75, $725,000.
1121 Passeo de Marcia, 2/2, $729,000.
1131 S Driftwood Dr., 3/2, $769,000.
1109 E Mesquite Ave., 4/4.5, 775,000.
960 E Deepwell Rd., 3/3, 775,000.
1111 S Driftwood Dr., 3/3, $795,000.
1273 S Calle Marcus, 3/3.5, $799,000.
5 Pinto Rd., 3/3, $898,000.
1298 S. Manzanita Ave., 4/3, $929,000.
1048 S Calle Marcus, 3/3, $987,500.
1525 Calle de Maria, 3/3, $989,000.
1533 S. Calle de Marcia, 3/2.5, $995,000.
1486 S. Driftwood Dr., 3/4, $1,149,000.
1168 E Cactus Rd., 6/5.75, $1,190,000.

Russell Hill, 760.902.3121, RussellHill.net

Just Sold

Palm Springs real estate. I closed escrow today on 1180 E Mesquite, Tahquitz River Estates, Palm Springs. I represented the buyers, who, I must add, were a delight to work with!

Sales price: $535,000. Last listed at $579,900.

If you live in the neighborhood, I hope you have the opportunity to welcome your new neighbors!

Russell Hill 760.902.3121

Palm Springs Neighborhood Sales Statistics

Palm Springs real estate. A few posts back someone commented that certain neighborhoods were holding their value better than others. I pulled data for the 2nd quarter '08 compared to same period in '07 for several Palm Springs neighborhoods. This is just a snapshot for the 2nd qtr.

South Palm Springs:

Los Compadres:

2nd qtr '08 - 5 sales; median sales price: $485K, $265sf
'07 - 4 sales; median sales price: $490K, $30561sf

Deepwell:

'08: 4 sales, $486,750, $232sf
'07: 5 sales, $953K, $406.66sf

Mesa:

'08: 2 sales, $622,500, $302.98sf
'07: 3 sales, $1,100,000, $393.63sf

Central Palm Springs:

Las Palmas:

'08: 2 sales, $1,499,500, $490.63sf
'07: 6 sales, $1,775,000, $444.08sf

Vista Las Palmas:

'08: 3 sales, $829K, $341.86sf
'07: 4 sales, $1,037,500, $531.34sf

Ruth Hardy Park:

'08: 15 sales, $425K, $263.96sf
'07: 12 sales, $597,500, $334.86sf

I welcome your comments! If you want data for another neighborhood, let me know and I'll get it for you.

Russell Hill 760.902.3121

AB 811 is California law

Assembly Bill 811 is now California law. The Desert Sun ran an article today. Read the article HERE.

AB 811 allows municipalities to provide low-cost loans to homeowners for the express purpose of installing solar panels and/or purchasing/installing an energy efficient A/C, windows, etc. The loan gets placed on the property's tax roll as an assessment. The loan is paid off over a 20 to 30 year period and can be paid off early if desired. If a homeowner decides to sell their home during the repayment period, the assessment can be paid off at transfer, or the new owner can assume the assessment.

I think this is a great law that, hopefully, will result in more solar panels on top of desert homes. I believe, too, that those homes with solar panels will be attractive to future buyers and will likely bring higher sales prices. I look forward to negotiating the sale of a home that has a "solar assessment" attached to it!

What do you think about this new law? Do you plan to take advantage of the opportunity when Palm Springs institutes its program? If you're a resident of Palm Desert, you will have the option soon!

Russell Hill 760.902.3121, RussellHill.net

Palm Springs Homes Sold

Palm Springs real estate. Homes sold in North Palm Springs

Since July 9th, 08, there have been eight single family homes sold. The addresses and propery details are below. As always, original list price is in parentheses.

7/9/08: 2960 Redwood Dr. S., Park San Rafael, 3/2, 1588sf, $385,000. ($419,900)
7/10/08: 3451 Circulo San Sorrento Rd., Vintage Palms, 3/2.5, 2370sf, $354,035. ($409,900)
7/10/08: 2980 E Wyman Dr, Victoria Park, 3/2, 1225sf, $390,000. ($449,000)
7/14/08: 969 E Garden Rd., Racquet Club East, 3/2, 1225sf, $475,000. ($589,900.)
7/15/08: 2089 Jacques Dr., Victoria Park, 4/2.25, 1741sf, $300,000. ($329,900 sold in 20 days)

7/16/08: 2690 N Cardillo Dr., Chino Canyon, 3/2, 1232sf, $280,000. ($278,900 - foreclosure)
7/18/08: 655 E Racquet Club Dr., 3/2, 1629sf, $235,000. ($324,900)
7/21/08: 3026 Avenida Caballeros, Murano, 3/3, 2680sf, $725,000. ($999,900.)

Please leave your comments, or contact me if you have any questions about these sold properties. Also, let me know if you have any questions about particular neighborhoods or homes.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold

Homes sold in Central Palm Springs since 7/3/08.

7/3/08: 516 N Sunset Way, Sun Villas, 2/2, 1270sf, $365,000. ($389,000.)
7/3/08: 1225 E Buena Vista Dr., Ruth Hardy Park, 3/3, 1750sf, $450,000. ($535,000.)
7/8/08: 1127 N Calle Marcus, Ruth Hardy Park, 3/3, 2032sf, $550,000. ($649,500.)
7/8/08: 2351 Tamarisk Rd, Sun Villas, 3/3, 2750sf, $590,000. ($599,000.)
7/15/08: 1184 Camino Mirasol, Las Palmas, 5/5.5, 4064, $2,750,000. ($2,895,000)

Prices in parenthese are original list price. If you have any questions about any of these properties, or have some insite about these listings/sales, please feel free to reach me by phone, e-mail or by posting your comment.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold

Homes sold in South Palm Springs. There are seven sales to report today. I'm sure there are a few happy buyers because some of these sold at great prices!

7/3/08: 215 W Camino Alturas, Mesa, 3/3, 2356sf, $450,000. ($539,900/listed for $799K in '07)

7/3/08: 453 E sonora Rd., Tahquitz River Estates, 3/2, 2200sf, $499,000. ($585K/listed for $695K in '07)

7/8/08: 1190 S Farrell Dr., Los Compadres, 3/ 1560sf, $301,500. ($315,000 - Foreclosure)
7/8/08: 2335 Caliente Rd., Canyon North, 3/3, 3044sf, $775,000. ($899,000)
7/9/08: 2829 S Palm Canyon Dr, Canyon South, 2/2.5, 1589sf ($599K/$650K in '07)
7/10/08: 825 S Nueva Vista Dr, Demuth Park, 3/2, 1328sf, $200,000. ($359K)
7/10/08: 176 W Crestview Dr., Mesa, 4/4, 1900sf, $635,000. ($825K)

Prices in parenthese are original list price.

If you have seen any of these home, I'd be curious to get your opinion on the sales price.

Russell Hill 760.902.3121 RussellHill.net

My new silver Prius!

I've finally done it - bought a Prius! I love my new car! I've received positive feedback so far.

Tomorrow, we leave on a roadtrip to Idaho with Wolfie and Kosmo, our two Standard Poodles. They like the Prius too!

Port Lawrence in Palm Springs

Today's Desert Sun (see the article HERE) has a story about the status of Port Lawrence. As you may know, Port Lawrence is a mixed use developent planned for downtown Palm Springs at the corner of Alejo, between Palm Canyon and Indian Canyon. You also may know that this huge empty parcel of land has been fenced-off since the City allowed demolition in June 2006 of the (previous) structures, some of which had successful retail stores operating from them. I wholeheartedly support the new development and hope that it is completed, but I did not support the city's approval to demolish the previous buildings before they had a better idea about how long it was going to take the developer to move forward (see photos above). I imagine the city would tell you today, two years later, that they had no idea it would take this long. I think it's a must, going forward, that the city place time restrictions for completion for developers' projects. In this case it's tragic that the city allowed demolition of almost an entire block back in 2006. Today's paper tells us we can't expect to see a finished product until 2010 or 2011. At this point, with construction crews no where in sight, we can't even be certain that we won't have a huge parcel of vacant land in our downtown for many years to come. Let's hope that we see some positive activity there soon!

Let me know your thoughts on how the city council handled this project.

Russell Hill 760.902.3121

Palm Springs Homes Sold

Homes sold in Palm Springs - North Palm Springs. Since July 1, '08 there haven three single family homes sold in NPS. The information is below. As always, original list price is in parentheses.

7/2: 1602 E Via Escuela, Flora Vista, 3/2, 1492sf, $285,000. ($439,900.)

7/3: 2431 N Junipero Ave., Chino Canyon, 3/3, 2474sf, $476,000. (foreclosure - last listed at $459,900, previously listed (and unsold) @ $795K)

7/3: 1580 Julia Ct., Enclave @ Sunrise, 4/3.5, 2973sf, $707,349. ($769,888. Last lisited at $699K)

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold

Recorded home sales in Central Palm Springs since July 1, 2008.

7/2/08: 1660 El Alameda, Ruth Hardy Park, 3/2 1200sf, $299,000. ($339,000.)
7/2/08: 2321 Camino Pelicano, Sun Villas, 3/2 1624sf, $429,000. ($519,000.)

Russell Hill 760.902.3121 RussellHill.net

Home for Sale Palm Springs - Price Reduction!

Palm Springs homes for sale. Price reduction to $464,900.!

1657 S Riverside Dr., Tahquitz River Estates, South Palm Springs.

3 bedrooms, 2 baths, large "swimmer's" pool. Big mountain views!

Click HERE for complete photo set and property details.

Palm Springs Homes Sold

There was one recorded sale in South Palm Springs for the first day of July. As always, original list price is listed in parentheses.

7/1/08: 1569 S La Brea Rd, Los Compadres, 3/2 1560sf, $535,000 ($549,000)

Russell Hill, 760.902.3121 RussellHill.net

June and 2nd quarter '08 home sales in Palm Springs

There were 44 single family homes sold in Palm Springs in the month of June '08. Median sales price was $532,500.

A breakdown by area and comparisons to June 2007 are below.

North Palm Springs:

'07 - 22 sales, median sales price: $495,750.
'08 - 15 sales, median sales price: $295,000

Central Palm Springs:

'07 - 24 sales, median sales price: $627,500.
'08 - 14 sales, median sales price: $660,000.

South Palm Springs:

'07 - 22 sales, median sales price: $659,500.
'08 - 15 sales, median sales price: $585,000.

2nd Quarter '08 results by area compared to 2nd qtr '07:

North Palm Springs:

'07: 67 sales, $445,000.
'08: 52 sales, $325,950.

Central Palm Springs:

'07: 59 sales, $650,000.
'08: 48 sales, $426,000.

South Palm Springs:

'07: 62 sales, $725,000.
'08: 58 sales, $575,000.

If you would like data about a particular neighborhood, let me know and I'll get it for you.

Starting this week, I plan to post sales daily, alternating between South, Central and North Palm Springs.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Open House

Open House, Palm Springs CA Village Racquet Club. Saturday, 6/28/08, 10am-1pm

3 bdrm, 3 bath "townhouse" style condo located within close proximity to the village and to Warm Sands. Click HERE for more photos and detail information about the condo and development.

Listed at $369,000.

Russell Hill, 760.902.3121 RussellHill.net

I'm Back.....

Thanks to everyone who has voiced their support for this blog. I've made the commitment to continue the blog, and hopefully to improve it over time. Expect regular postings soon!

Russell
760.902.3121

Palm Springs Open Houses

Open houses in Palm Springs, CA Saturday and Sunday, May 3 and 4th, 2008.

Saturday, 11-3pm: 1657 S Riverside, Tahquitz River Estates. Click HERE to see photos and property details. $489,000.

Sunday, 11-2pm: Village Racquet Club, 432 Village Sq W. Click HERE to see photos and property details. $369,000.

Please come by and see both of these great properties!

Russell Hill 760.902.3121 RussellHill.net

Palm Springs homes for Sale

Homes for sale in Palm Springs' Las Palmas (Old Las Palmas) neighborhood. There are currently 33 homes listed for sale in the neighborhood, ranging in price from $1,100,000 to $15,950,000. Las Palmas is considered Palm Springs' premier neighborhood, offering large estate lots, beautiful architecture, grand mountain views and a close proximity to the "Village". Let me know if you would like more information (photos, sq footage, etc) about these homes, or if you would like me to get information for another Palm Springs neighborhood. Thanks for reading. I hope you find this information helpful.

1441 N Kaweah Rd., $1,100,000.
264 W Hermosa Pl., $1,199,000.
269 Camino Sur, $1,245,000.
766 Prescott Dr., $1,295,000.
245 W Mountain View Pl., $1,299,000.
339 Vereda Norte, $1,395,000.
295 Camino Norte, $1,395,000.
280 W Vereda Sur, $1,399,000.
350 W Vereda Sur, $1,450,000.
587 Camino Sur, $1,450,000.
247 W Vereda Sur, $1,545,000.
470 Camino Norte, $1,599,000.
505 Camino Sur, $1,650,000.
1150 N Via Monte Vista, $1,895,000.
535 N Belardo Rd., $1,995,000.
296 W Hermosa Pl., $2,295,000.
840 N Prescott Dr., $2,450,000.
212 W Via Lola, $2,495,000.
190 W Hermosa Pl., $2,750,000.
993 N Patencio Rd., $2,795,000.
501 N Belardo Rd., $2,895,000.
1184 Camino Mirasol, $2,895,000.
955 N Prescott Dr., $3,595,000.
1455 N Vine Ave., $3,750,000.
478 W Merito Pl., $3,750,000.
480 W Via Lola, $3,995,000.
398 W Chino Dr., $3,995,000.
600 N Cahuilla Rd., $4,495,000.
425 W Via Lola, $6,450,000.
417 W Hermosa Pl., $7,800,000.
457 W Hermosa Pl., $15,950,000.

Median list price: $2,450,000.
Median sales price last six months: $1,950,000. (7 sales)

Russell Hill 760.902.3121 RussellHill.net

Smoke Tree Commons

I've written quite a bit about the new shopping center going in near my house. Smoke Tree Commons is located on East Palm Canyon at Barona (Farrell).

Overall, I'm excited about having shopping within easy walking distance of my house and hundreeds of others. I hope I'm not the only one planning on walking to the bank, drugstore and grocery store. I mostly like the landscaping and layout of the center. What I don't like, and what I have shown in one of the photos, is the fact that the developer (with the city's allowance) tunrned the shopping center's back to Palm Canyon in one prominate area. They did better than many other shopping centers (The Springs at Vista Chino/Gene Autry for one), but why did the developer have to put an ugly side to Palm Canyon? Why not turn those service doors to the side parking lot? Is the parking lot more "important" than Palm Canyon?

On a positive note, I love the new landscaped median on Palm Canyon. I would have liked to have seen medians go in along Sunrise when the utility lines were buried recently. Can't you envision Sunrise with a landscaped median?

Palm Springs Homes Sold and in Escrow

Palm Springs homes - sold and in escrow from 4/14/08 through 4/20/08

There were 11 single family homes sold in Palm Springs and 9 that went into escrow. This week, North Palm Springs saw the most action. Prices in parentheses are original list price.

North Palm Springs:

Sold:

3522 Cliffrose Trail, Four Seasons, $311,990. ($366,990.)
3484 Cliffrose Trail, Four Seasons, $315,990. ($370,990.)
2591 Windmill Way, Four Seasons, $351,500. ($435,000.)
3793 Vista Verde, Mountain Gate, $380,000. ($519,000.)
781 Alta, Mountain Gate, $390,000. ($383,900 - sold for over asking)

Median Sales Price: $$351,500/$170.52 sf

In Escrow:

2602 N Biskra Rd., Desert Park Estates, $429,000.
2154 George Cir., Victoria Park, $285,000.
1051 El Escudero, Victoria Park, $289,900.
3451 Circulo San Sorrento Rd., Vintage Palms, $379,000.
2244 N Milben Cir., Racquet Club East, $669,000.
1586 Sienna Ct., Enclave at Sunrise, $779,888.

Central Palm Springs:

Sold:

547 N Sunrise Way, Sunrise Park, $337,500. ($369,000.)
1890 E Amado Rd., Sunrise Park, $400,000. ($489,900.)

Median Sales Price: $368,750/$282.28 sf

In Escrow:

none

South Palm Springs:

Sold:

1344 E Camino Primrose, Warm Sands, $395,000. ($479,000.)
1377 S Camino Real, Tahquitz River Estates, $555,000. ($579,000.)
2170 S Pebble Beach Dr., Tahquitz River Golf, $715,000. ($749,000.)
2401 S Yosemite Dr., Canyon North, $1,010,000. ($1,075,000.)

Median Sales Price: $635,000./$287.27 sf

In Escrow:

3532 E Mesquite Ave., Demuth Park, $212,900.
2469 E El Chorro Way, Los Compadres, $699,000.
1072 E San Lorenzo, Tahquitz River Estates, $735,000.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Open Houses

Open House in Palm Springs, Saturday and Sunday, 4/19 - 4/20/08, 1-3pm.

Tahquitz River Estates, 1657 S Riverside Dr., $489,000.

Click here to see additional photos and detailed information about the home.

Come by and take a look!

Russell Hill 760.902.3121 RussellHill.net

Palm Springs homes for Sale

Homes for sale in Palm Spring's Deepwell neighborhood. There are currently 27 active listings in Deepwell, located in South Palm Springs. Prices currently range from $479,900 on the low end to $1,549,000. on the high end. Deepwell is a sought-after neighborhood with a great "neighborly" feel and is located nearby to shopping, restaurants, and entertainment. Visit the website for the active neighborhood association at My Deepwell.com. Let me know if you would like more details for any of these homes. Leave a comment and I'll respond. If you would like information about other neighborhoods, I'm happy to get that to you as well.

1000 S Calle Marcus, $479,900.

1664 S Calle Marcus, $499,000.

1353 S Calle Rolph, $599,000.

1017 S Calle Rolph, $599,000.

1085 E Deepwell Rd, $655,000.

1655 E Palm Tree Dr., $739,000.

1055 E Suntan Ln, $749,000.

1033 S Calle De Maria, $749,000.

1124 S Sagebrush Rd., $759,000.

1487 S Driftwood Dr., $775,000.

1524 S Calle Marcus, $779,000.

1085 Driftwood Dr., $789,000.

1131 S Driftwood Dr., $798,000.

1273 S Calle Marcus, $799,000.

1109 E Mesquite Ave., $799,000.

1560 S Paseo De Marcia, $799,000

960 E Deepwell Rd., $899,000.

1533 S Paseo De Marcia, $959,000.

1298 S Manzanita Ave., $989,000.

1240 S Manzanita Ave., $1,095,000.

1010 S Calle De Maria, $1,099,000.

1525 S Calle De Maria, $1,150,000.

1515 S Manzanita Ave., $1,175,000.

1168 E Cactus Rd., $1,190,000.

1350 S Calle Rolph, $1,250,000.

1486 S Driftwood Dr., $1,399,000.

1104 E Cactus Rd., $1,549,000.

Source: Desert Area MLS

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold and in Escrow

Palm Springs real estate. It was a busy week for real estate sales in Palm Springs. From 4/7/08 to 4/13/08 there were 12 closings and 14 sales of single family homes. These numbers do not included condo sales. It's interesting to see what's selling. Some of these are really good buys. As always, the prices in parentheses are original list price.

North Palm Springs:

Sold:

3081 N Cypress Rd., Desert Park Estates, $285,000. ($293,900; sold in '06 for $452,500.!)
2103 N Milben Cir., Racquet Club East, $365,000. ($599,000)
2693 E Via Escuela, Desert Park Estates, $414,500. ($599,000)

Median Sales Price: $365,000/225.01sf avg

In Escrow:

2660 N Farrell Dr., Desert Park Estates, $275,000.
465 E Desert Holly Cir., Racquet Club East, $320,000.
970 E Racquet Club Rd., Racquet Club East, $359,000.
3330 Circulo San Sorrento Rd., Vintage Palms, $399,000.

Central Palm Springs:

Sold:

1400 E Tamarisk Rd., Ruth Hardy Park, $427,000. ($459,000.)
432 N Orchid Tree Ln, Sunrise Park, $689,000. ($779,000.)
418 W Chino Canyon Rd., Little Tuscany, $1,150,000. ($1,245,000.)

Median Sales Price: $689,000/331.52sf avg

In Escrow:

2013 E Andreas Rd., Sunrise Park, $395,000.
2191 E Calle Papagayo, Sun Villas, $315,000.
2140 E Park Dr., Sunrise Park, $407,000.
480 N Monterey Rd., Sunrise Park, $619,000.
1029 E El Alameda, Ruth Hardy Park, $760,000.

South Palm Springs:

Sold:

554 S Calle Encilia, Warm Sands, $365,000. ($609,000.)
1193 S Calle Marcus, Deepwell, $412,000. ($417,500.)
1193 E La Jolla Rd., Twin Palms, $465,000. ($450,000.)
954 E San Lucas Rd., Tahquitz River Estates, $579,000. ($599,000.)
1041 E Twin Palms Dr., Twin Palms, $725,000. ($799,000.)
670 E Ocotillo Rd., Tahquitz River Estates, $760,000. ($778,000.)

Median Sales Price: $522,000/304.12sf avg

In Escrow:

3916 E Camino Parocela, Demuth Park, $319,000.
3460 Ridgeview Cir., Ridgeview, $359,000.
564 S Roxbury Cir., Los Compadres, $400,000.
153 E Mesquite Ave., Tahquitz River Estates, $415,000.
1535 Palm Colony, Biltmore Colony, $949,000.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Real Estate

Price reduction: 2602 N Biskra, Palm Springs, CA Desert Park Estates.

I have a substantial price reduction for my listing located in Desert Park Estates. See the details and additional photos here.

At a list price of $429K this is a good value. 4 bdrms, 2.5 baths, newer construction, swimming pool and spa. Two fireplaces. Tile floors throughout the common living spaces. See the website here

Russell Hill 760.902.3121 RussellHill.net

Smoke Tree Commons

I read through Curbed LA that Linen 'N Things is expected to file for bankruptcy. Read the story here. If this is indeed true, what does this mean for their plans for their new store at Smoke Tree Commons, our new "neighborhood" shopping center?

I hope it means that something else will take its place. Perhaps a bookstore such as Borders or Barnes and Noble? I would much prefer a bookstore over Linens 'N Things. Would you?

Palm Springs Open House

Open Houses in Palm Springs. Sunday, 4/13/08, 12-2pm

Please come by and see us at these open houses

Tahquitz River Estates - 1657 S Riverside Dr. 3 bdrm, 2 bath Trousdale w/ walls of glass - $489,000.

Village Raquet Club - 432 Village Sq. W. 3 bdrm, 3 bath beautifully remodeled - $369,000.

Go to the links above (@ addresses) to see listing details and additional photos.

Russell Hill RussellHill.net 760.902.3121

WEDNESDAY NEWS

Everyone's talking about paying off their mortgage - FAST (Los Angeles Times)
We're going to grow because of sprawl from LA? (The Desert Sun)

Palm Springs Homes Sold and in Escrow

Palm Springs Homes - sold and in escrow - 4/1/08-4/6/08

There were 7 single family homes that sold and 8 that went into escrow in the first five days of April. The data is below.

North Palm Springs:

Sold:

23 Gladys Cir., $74,900 (sold in 9 days! $74,900)
3670 Western Sky Way, Four Seasons, $265,000. ($289,900)
2636 N Starr Rd., Racquet Club East, $482,000. ($600,000)
1865 N Hildalgo Way, $495,000. ($499,000)
840 E Alexander Way, Racquet Club East, $499,000. ($529,000.)

In Escrow:

2098 N San Clemente Rd., Desert Park Estates, $275,000.
2973 N Chuperosa Rd., Desert Park Estates, $469,500.
2505 N Cardillo Ave., Chino Canyon, $739,000.

Central Palm Springs:

Sold:

535 N Burton Way, Sun Villas, $365,000. ($399,900.)

In Escrow:

1428 E El Alameda, Ruth Hardy Park, $474,900.
1860 N Vista Dr., Little Tuscany, $1,150,000.

South Palm Springs:

Sold:

2803 S Palm Canyon Dr., Canyon South, $855,000. ($1,150,000.)

In Escrow:

284 E Ocotillo Ave., Tahquitz River Estates, $695,000.
1111 S Driftwood Dr., Deepwell, $795,000.
1743 Pinnacle Pt., Andreas Hills, $1,630,000.

1st Quarter 2008 sales by area in Palm Springs

Below are the sales results for 1st qtr '08 by area (Palm Springs single family homes). Median sales price/price per sf.

North Palm Springs:

1st Qtr '08: $315,000./$194.66 43 sales
1st Qtr '07: $464,000./$276.31 61 sales

Central Palm Springs:

1st Qtr '08: $779,000./$345.68 23 sales
1st Qtr '07: $665,000./$354.19 47 sales

South Palm Springs:

1st Qtr '08: $720,000./$303.67 39 sales
1st Qtr '07: $660,000./$325.03 55 sales

Source: Desert Area MLS

Russell Hill 760.902.3121 RussellHill.net

March and 1st qtr '08 Sales Stats for Palm Springs

Below are the numbers for March and 1st qtr sales results in Palm Springs.

Single Family:

March '08 median sales price: $450,000./$256.95sf 39 sales
March '07 $552,000./$319.88sf 70 sales

1st Qtr '08 median sales price: $452,000./$268.60sf 105 sales
1st Qtr '07 $530,500./$316.34sf 162 sales

Condo:

March '08 median sales price: $233,500./$185.98sf 56 sales
March '07 $300,000./$243.90sf 70 sales

1st Qtr '08 median sales price: $235,000./$189.06sf 134 sales
1st Qtr '07 $285,000./$235.48sf 157 sales

Source: Desert Area MLS

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold and in Escrow

Wow! The last 15 days of March, 2008 have been busy for buyers and sellers and their agents. There were 21 single family homes that went into escrow and 28 that sold between March 17 and 31st, 2008! The details are below, by area. As always, prices in parentheses are original list price.

North Palm Springs:

Sold:

2070 N Whitewater Club Dr., Desert Park Estates, $257,000. (389,000 then to 249,900)
2314 Savanna Way, Four Seasons, $269,000. ($299,900)
2587 Savanna Way, Four Seasons, $270,000. ($379,990)
2348 N Carillo Rd, $274,900. ($550,000.)
492 E Simms Rd., Racquet Club East, $285,000. ($295,900)
530 E Simms Rd., Racquet Club East, $295,000. ($375,000.)
3490 Tranquility Way, Four Seasons, $317,000. ($399,000.)
3487 Cliffrose Trail, Four Seasons, $319,990 ($361,990)
1233 Mira Luna, Mountain Gate, $330,000. ($447,000.)
656 E Spencer Dr, Racquet Club East, $393,000. ($480,000.)
1090 Azure Ct., Murano, $728,900. ($815,900.)
2222 N Janis Dr., Chino Canyon, $765,000. ($895,000.)

Median Sales Price: $306,000/202.52sf

In Escrow:

1581 Twin Star Rd., $165,000.
792 W Rosa Parks Dr., Gateway Highlands, $169,000.
2154 George Cir., Victoria Park, $285,000
1031 E El Conquistador, Victoria Park, $295,000.
868 Mira Grande, Mountain Gate, $379,900.
1200 Oro Ridge, Mountain Gate, $569,000.
1321 E Verona Rd, Desert Park Estates, $679,000.

Central Palm Springs:

Sold:

4361 E Paseo Caroleta, $200,000. ($574,900)
1460 N Fiesta Rd., Ruth Hardy Park, $375,000. ($499,900)
1422 N Opuntia Rd., Ruth Hardy Park, $452,000. ($570,000.)
499 N Orchid Tree Ln., Sunrise Park, $735,000. ($849,000.)
2025 N Via Norte, Little Tuscany, $1,124,900. (1,124,900)
1224 Mary Fleming Cir., Colony El Mirador, $1,190,000. ($1,359,000.)
358 Villagio East, The Village in Old PS, $1,250,000. ($1,425,000.)
375 W Via Lola, Las Palmas, $1,425,000. ($1,450,000.)

Median Sales Price: $929,950/321.19sf

In Escrow:

547 N Sunrise Way, Sunrise Park, $369,000.
2020 E Paseo Gracia, Sunrise Park, $379,900.
2275 Calle Conejara, Sun Villas, $399,000.
1890 E Amado Rd., Sunrise Park, $449,000.
592 N Tercero Cir, Sun Villas, $459,000.
2215 E Desert Palms Dr., Sunrise Park, $729,000.
740 E Paseo El Mirador, Ruth Hardy Park, $899,000.
555 Via Las Palmas, Las Palmas, $1,495,000.
695 W Stevens Rd, Las Palmas Heights, $2,395,000.

South Palm Springs:

Sold:

1332 Beverly Dr., Los Compadres, $440,000. ($499,000)
590 S Indian Trail, Warm Sands, $600,000. ($799,000.)
2663 E Kings Rd E, Kings Point, $665,000. ($755,000.)
761 E Mesquite Ave., Tahquitz River Estates, $700,000. ($855,000.)
2160 S Toledo Ave., Canyon Estates, $739,000. ($849,000.)
2661 E La Condesa Way, Vista Canyon, $762,500. ($839,000.)
1834 S Camino Real, Twin Palms, $795,000. ($895,000.)
282 W Camino Carmelita, Mesa, $1,900,000. ($2,355,000.)

Median Sales Price: $719,500/336.94sf

In Escrow:

641 E El Placer Rd., Demuth Park, $149,900.
564 W Roxbury Dr., Los Compadres, $400,000.
1994 S Yucca Pl., Twin Palms, $619,000.
276 E Palo Verde Ave., Tahquitz River Estates, $699,000.
563 E Sierra Way, Canyon North, $795,000.

Quality of Life & Reducing your Carbon Footprint

These two stories at NPR (Atlanta Family slashes carbon footprint and Life in the Burbs.... ) focus on Atlanta and why people make the choices to live where they do. One family chooses the suburbs with a big home and yard and a long commute. The other, chooses to live in an urban setting in a smaller space and with a minimal commute.

The suburban family has a big carbon footprint. The urban family, a small one. Neither of these families, like the majority of American families, chose to live where they do based on a "carbon footprint" they wish to have. They chose it because of their perceived notion of "quality of life".

My quality of life standards mesh with the family who chose the urban setting. While I chose to move to Palm Springs (a smallish community with little traffic and really no commute) from a suburban setting in the Bay Area with a hellish commute, I accomplished, I think, the same thing, except the reduced carbon footprint. I value my quality of life here. I love that I don't have to drive far to work. Of course, as a Realtor, I work all over, but I do try to keep my business local. I love that shopping is close by, that I can walk if I like to the grocery store, the drug store, the bank, the cleaners, the pet store, to restaurants, etc. My neighborhood (Los Compadres) is suburban in design, but is within walking and biking distance of so many things.

Sadly, our carbon footprint in the desert is high. Most people, including me, drive every day, everywhere they go. Luckily, it's not for great distances or in bumper to bumper idling traffic! On top of our driving culture, we have huge energy consumption mainly from air conditioning.

However, because Palm Springs is small, our suburban design and layout isn't so bad as the bedroom communities that spread out from America's large cities, where residents are forced to drive long distances to work, and spend hours each week in their cars. This is why I think there are more and more of us living in Palm Springs from places like San Francisco, Los Angeles, Seattle......

My goal, and hopefully that of our civic leaders, is to reduce our carbon footprint to maintain and improve this quality of life that so many of us enjoy. We should build and redesign to encourage more walking and biking, we should demand more solar power production on our rooftops, both residential and commercial, we should build more densly, but in a way that honors our past and protects our majestic mountian views, we should embrace our natural and cultural landscape by building and planting with materials that "belong", that give us a sense of place.

If we do these things, and even more, we can avoid becoming an endless sprawl or a place of dense developments and shopping centers. We can continue to grow and prosper and be a place that many will consider a great place to live and work, a place with a great quality of life...and a reduced carbon footprint.

Friday News

Are we nearing the bottom? (NPR)
Better traffic flow and better air quality? (Desert Sun)

Palm Springs Open House

Open houses in Palm Springs CA, Sunday 3/30/08

1657 S Riverside Dr., Palm Springs

3 bdrm, 2 bath in just under 1800sf. Expansive backyard with swimmer's pool and big mountain views! Walls of glass to the south-facing garden and pool. Click here for more photos and listing details.

Come by and say "hi" on Sunday!

Russell Hill 760.902.3121 RussellHill.net

"Spare" landscapes around Mordernist Palm Springs Homes

Ann Japenga writes in today's Los Angeles Times that she doesn't quite care for the trend of homeowners in Palm Springs bringing modern design to the outdoors. In her article, which I liked a lot, and happen to agree with her on many fronts, she talks about owners of modernist homes ripping out mature landscapes and replacing them with landscapes that are sparer than the natural desert itself. In doing so, she adds, they are destroying habitat for birds, lizards, owls, etc.

I love and appreciate desert landscaping. I have many cacti and succulents in my garden, both front and back. However, my cactus garden is "lush", with a combination of textures and colors. I also have not stuck only with cacti, but have added other plants that offer more color and greenery. My desert garden is not spare by any means.

I think it's possible to design a "modern" landscape without it being spare. Obviously, not all plant materials will work, but just because it's cactus or an ornamental grass, doesn't mean they have to be presented in a sparse fashion or design.

Read Ann's complete article in today's LA Times Home and Garden section.

Russell Hill 760.902.3121 RussellHill.net

Thursday Morning News

Two big solar projects coming to the Southland (Curbed Los Angeles)
A good reason to drive out to Indio - Shield's Date Farm to expand (Desert Sun)
Is $489, 348. better than $489,000. when listing your home for sale? (NPR Radio - 89.3 in PS)

Palm Springs Homes Sold and in Escrow

From March 8 through March 16, 2008 there were 3 single family homes that sold and 12 that went into escrow! So far, sales are quite strong in March. April should be strong for closings. For this current period, the South end saw the majority of the activity. Prices in parentheses are original list price.

North Palm Springs:

Sold:
2170 E Del Lago Rd., $225,000. ($309,900)

In Escrow:
3928 Mission Peak, Mountain Gate, $299,000.
2280 N Hermosa Dr., PS Colony, $799,000.

Central Palm Springs:

Sold:
None

In Escrow:
None

South Palm Springs:

Sold:
299 E Ocotillo Ave., Tahquitz River Estates, $460,000. ($529,900.)
520 S Thornhill Rd., Warm Sands, $580,000. ($675,00.) A great buy at $580K!

In Escrow:
3532 E Mesquite Ave., Demuth Park, $227,900.
554 S Calle Encilia, Warm Sands, $399,000.
1344 E Camino Primrose, Warm Sands, $419,000.
767 E Sunny Dunes Rd., Warm Sands, $430,000.
1377 S Camino Real, Tahquitz River Estates, $579,000.
954 E San Lucas Rd., Tahquitz River Estates, $599,000
2170 E Pebble Beach Rd., Tahquitz Creek Golf, $739,000
670 E Ocotillo Ave., Tahquitz River Estates, $778,000.
1041 E Twin Palms Dr., Twin Palms, $799,000.
2401 S Yosemite Dr., Canyon North, $1,075,000.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Open Houses

Open houses in Palm Springs for Saturday, March 22, 2008.

1657 S Riverside Dr., Tahquitz River Estates, $489,000.

3 bedroom, 2 bath 1949 Trousdale with expansive backyard and swimmer's pool

Open 11-2, Saturday, 3/22/08

Click here for photos and property specs.

432 Village Square W., Village Racquet Club, Palm Springs, $369,000.

3 bedroom, 3 bath "townhouse" style condo beautifully remodeled. Resort-style amenities. Close proximity to downtown Palm Springs and to Warm Sands.

Open 12-2, Saturday, 3/22/08

Click here for photos and property specs.

Russell Hill 760.902.3121 RussellHill.net

Homes for Sale in Palm Springs

Warm Sands, Palm Springs, CA homes for sale. There are currently 11 houses for sale in South Palm Springs' Warm Sands neighborhood. They range in price from $299,500 to $699,000.

If you would like more information about any of these homes, or others, please contact me.

566 S Calle Santa Rosa, $299,500.

723 E Camino Paracela, $339,000.

607 S Camino Real, $449,000.

600 S Vista Oro, $450,000.

615 S Indian Trail, $497,500.

545 S Calle Palo Fierro, $539,900.

683 S Indian Trail, $598,500.

10 Warm Sands Pl., $599,000.

675 S Indian Trail, $650,000.

695 S Warm Sands Dr., $695,000.

538 S Indian Trail, $699,000.

Avg list price: $528,764.

Avg sales price last six months: $457,286 (7 sales)

Russell Hill 760.902.3121 RussellHill.net

Home for Sale Palm Springs - New Listing!

Palm Springs home for sale. New listing in Tahquitz River Estates. 1657 S. Riverside Dr.

3 bedrooms, 2 baths in almost 1800 SF. Expansive South-facing backyard with beautiful oversixed "smimmer's" pool. Fabulous mountain views of Mt. San Jacinto and the Santa Rosa Mountains. Click HERE for all the property details and more photos.

Listed at $489,000.

Russell Hill 760.902.3121 RussellHill.net

Palm Srings homes sold and in Escrow

From March 1 to March 7, there were 8 single family homes sold in Palm Springs and 8 that went into escrow.

North Palm Springs:

Sold:

475 W Vista Dr., $124,900. ($194,900)

751 Mira Grande, Mountain Gate, $270,000. ($395,000.)

1729 Hot Springs Way, Four Seasons, $395,000. ($569,000.)

442 Santa Catalina Rd, Racquet Club West, $420,000. ($699,000 - way back in '06!)

Median Sales Price: $332,500/ $151.02sf

In Escrow:

2070 N Whitewater Club Dr., Desert Park Estates, $249,900.

3670 Western Sky Way, Four Seasons, $269,000.

781 Alta, Mountain Gate, $383,900.

Central Palm Springs:

Sold:

445 N Farrell Dr., Sunrise Park, $215,000. ($379,000.)

In Escrow:

432 N Orchid Tree Ln, Sunrise Park, $709,000.

373 S Monte Vista Dr., Tennis Club, $1,099,000.

418 W Chino Canyon Dr., Little Tuscany, $1,245,000.

South Palm Springs:

Sold:

3184 Cajon Cir., Los Compadres (lease land), $450,000. ($475,000.

1920 S Caliente Rd., Twin Palms, $450,000. ($699,000.)

2294 S Toledo Ave., Canyon Estates, $735,000. ($769,000.

Median Sales Price: $450,000./$245.87sf

In Escrow:

1193 E La Jolla Rd., Twin Palms, $450,000.

1932 S Navajo Dr., Twin Palms, $570,000.

Some of these homes have sold very quickly. Good values are selling quickly....21 days, 26 days, 12 days.

Russell Hill 760.902.3121 RussellHill.net

Open House Palm Springs, CA

Palm Springs Open houses. Saturday, March 15th, 12-2pm.

2602 N Biskra, Desert Park Estates. Click here for additional photos and specs.

4 bedrooms, 2.5 baths, 2409sf. Pool and spa. Spacious master suite with direct pool/spa access.

Tile floors, two fireplaces.

Listed at $449,000.

Russell Hill 760.902.3121 RussellHill.net

Homes for Sale in Palm Springs

Palm Springs houses for sale in Vista Las Palmas. There are over 20 homes currently on the market in the popular Vista Las Palmas neighborhood. Buyers can choose from a fixer priced at $875,000. to a beautifully remodeled home listed at $2,495,000.

991 N Via Monte Vista, $767,495
1194 N Vista Vespero, $875,000
815 N Fair Cir., $985,000.
720 N Dry Falls Rd., $998,000.
790 W Via Vadera, $999,000.
699 W Regal Rd., $1,089,000.
697 Camino Sur, $1,125,000.
1105 N Paseo Dero, $1,747,777.
992 N Fairview Cir, $1,175,000.
1165 Abrigo Rd., $1,290,000.
1197 N Via Monte Vista, $1,295,000.
611 N Dry Falls Rd., $1,395,000.
1387 N Via Monte Vista, $1,449,00.
1050 W Capistrano Ct., $1,549,000.
1277 N Via Paraiso, $1,599,000.
1155 Los Robles Dr., $1,870,000.
1211 Los Robles Dr., $1,895,000.
733 N Dryfalls Rd., $1,975,000.
960 N Rose Ave., $1,995,000.
677 W Crescent Dr., $2,495,000
620 N Rose Ave., $2,500,000.
1164 Los Robles Dr., $2,595,000.


If you would like more information about any of these homes, or homes in another neighborhood, please give me a call, or send me an e-mail.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs median sales price

Palm Springs real estate: the median sales price for single family homes for February 2007 and February 2008 are below. You may find these numbers surprising. Keep in mind that this is just a snapshot looking at 02/07 and 02/08. Please leave your comments!

Palm Springs:

02/07: 56 sales; $513,500/$319.80 per sf
02/08: 31 sales; $695,000/$293.57 per sf


North Palm Springs:

'07: 20 sales; $466,000/$294.81 per sf
'08: 11 sales; $334,000/$174.28

Central Palm Springs:

'07: 18 sales; $572,000/$334.51 per sf
'08: 7 sales; $1,350,000./$406.10 per sf

South Palm Springs:

'07: 18 sales; $536,500/$330.69 per sf
'08: 13 sales; $794,500/$$327.33 per sf

Russell Hill 760.902.3121 RussellHill.net

California Proposition 8

If you bought your home in the last two years, you might be able to benefit from California's Prop. 8. This proposition allows you to have a temporary reduction in your property taxes.

If you bought in '06 for $669K and today your home is worth $639K, Prop 8 will allow a temporary reassessment at the new reduced value. As values increase in the future, your tax assessment will go back to its Prop 13 purchase assessment.

Read Here for the details on getting your "decreased value" assessment and the process of future reassessments.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold and in Escrow

It was a busy final two weeks in February '08 for real estate sales. There were 15 sold single family homes in Palm Springs and 20 that went into escrow. There are some great deals available and buyers are taking advantage of a great buyer's market! Prices in parentheses are original list pirce.

North Palm Springs:

Sold:

3842 Eastgate Rd., $237,500. (sold in 11 days!) ((listed for $448K in '07))
3555 Cliffrose Trail, Four Seasons, $331,990. ($368,990.)
3542 Cliffrose Trail, Four Seasons, $334,000. ($359,990)
1745 Hot Springs Way, Four Seasons, $380,000. ($499,000.)
341 Sepuvelda Rd, Racquet Club West, $380,000. ($495,000.)
1538 Julia Ct., Enclave @ Sunrise, $735,000. ($699,000 - sold for over asking price!)

Median Sales Price: $357,000.

In Escrow:

2170 Savanna Way, Four Seasons, $269,900.
3992 Mission Peak, Mountain Gate, $299,000.
3490 Tranquility Way, Four Seasons, $329,000.
1233 Mira Luna, Mountain Gate, $345,000.
2103 Milben Cir., Racquet Club East, $354,900.
1865 Hidalgo Way, Voctoria Park, $499,000.
2770 N Cardillo Ave., Chino Canyon, $499,000.
2648 Isabella Way, Enclave @ Sunrise, $649,000.

Central Palm Springs:

Sold:

465 N Monterey Rd., Sunrise Park, $675,000. ($739,000.)
505 W Vista Chino, Little Tuscany, $2,525,000. ($2,710,000.)

Median Sales Price: $1,600,000.

In Escrow:

535 N Burton Rd., Sun Villas, $399,000.
542 N Hermosa Dr., Ruth Hardy Park, $498,500.
1422 N Opuntia Rd., Ruth Hardy Park, 499,000.
499 N Orchid Tree Ln., Sunrise Park, $745,000.
1224 Mary Fleming Cir., Colony El Mirador, $1,269,900.

South Palm Springs:

Sold:

1767 Zafiro Ct., Pintura, $540,000. ($659,000.)
1391 San Mateo Dr., Los Compadres, $607,500. ($679,000.)
1132 E Marion Way, Twin Palms, $695,000. ($779,000.)
983 E Sierra Way, Canyon North, $720,000. ($810,000.)
752 S Palo Verde Way, Tahquitz River Estates, $730,000. ($799,000.)
688 S Palo Verde Way, Tahquitz River Estates, $794,500. ($975,000.)
780 Azalia Cir. W, Andreas Hills, $850,000. ($888,888. - listed in '07 for $950,500.)

Median Sales Price: $720,000.

In Escrow:

1065 E Sunny Dunes Rd., Warm Sands, $399,000.
520 S Thornhill Rd., Warm Sands, $599,000.
761 E Mesquite Rd., Tahquitz River Estates, $750,000.
2803 S Palm Canyon Dr., Canyon South, $899,000.
1537 Chico Cir., Canyon North, $1,089,000.
337 Neutra St., Alta, $1,549,000.
1745 Pinnacle Pt. Rd., Andreas Hills, $1,950,000.

Russell Hill 760.902.3121 RussellHill.net

Marketing your property for sale

I've noticed lately that some agents are starting to use lower quality marketing materials when they take new listings. A prime example is the property sheet that a majority of agents put outside next to the for sale sign. More and more are showing up in black and white, when in the past it was rare to see an agent not use full color. I will always use full color property statements for all my listings! Which one do you think looks the best?

I have not lowered my quality of marketing materials. In fact, I've increased my marketing budget; I'm now have property websites designed for my listings, along with professional photography. I also advertise each week in The Desert Sun in color and take out a full page full color ad in Lifestyle Properties magazine each month.

So, when considering listing your home for sale, it's really wise, especially in this "buyer's market" to select an agent who will advertise your property wisely and in a professional manner. Good photos and presentation can make a difference!

Russell Hill, 70.902.3121, RussellHill.net

Open House - Palm Springs, CA

Palm Springs Open House, Sunday 3/2/08. 2602 N Biskra, Desert Park Estates. $449,000.

Palm Springs Homes Sold and in Escrow

From February 1 '08 through Febraury 14, '08, there were 16 single family houses sold, 6 that went into escrow. As always, prices in parenthese are original list price.

North Palm Springs:

Sold:

1561 E Twin Star Rd., $153,000. ($164,000.)
22418 Fawnridge Dr., San Jacinto Coves, $267,500. ($279,900.)
2917 N Starr Rd., Racquet Club West, $300,000. ($397,000.)
2029 Savanna Way, Four Seasons, $385,000. ($479,000.)
3030 N De Anza Rd., Desert Park Estates, $436,000. ($436,000.)

Median Sales Price: $300,000./ 183.92 sq. ft.

In Escrow:

1729 Hot Springs Way, Four Seasons, $425,000.
442 W Santa Catalina Rd., Racquet Club West, $429,900.

Central Palm Springs:

Sold:

206 N Leslie Cir., Sunrise Park, $480,000. ($549,000.)
847 N Topaz Cir., Vista Las Palmas, $1,010,000. ($1,195,000. last listed @ $999,000)
925 N Avenida Palmas, Movie Colony, $1,350,000. ($1,499,000.)
987 N Avenida Palos Verdes, Movie Colony, $1,575,000. ($1,795,000.)
755 W Crescent Dr., Vista Las Palmas, $1,575,000. ($1,850,000.)

Median Sales Price: $1,350,000./$394.76 sq. ft.

In Escrow:

1055 E San Jacinto Way, Ruth Hardy Park, $369,000.

South Palm Springs:

Sold:

1365 S Sagebrush Dr., Deepwell, $610,000. ($797,000.)
1600 E Palmtree Dr., Deepwell, $800,000. ($995,000.)
1177 S Driftwood Dr., Deepwell, $950,000. ($969,000.)
1100 Sierra Way, Canyon North, $1,825,000. ($2,495,000.)
1500 Avenida Sevilla, Andreas Hills, $2,000,000. ($2,250,000.)
247 Neutra, Alta, $2,850,000. ($2,895,000.)

Median Sales Price: $1,387,500./$379.40 sq. ft.


In Escrow:

1650 E Mesquite Ave., Tahquitz River Estates, $395,900.
3197 Estaban Way, Estancias at South Canyon, $1,595,000.
1743 Pinnacle Point, Andreas Hills, $1,750,000.

Open House Palm Springs, CA

Palm Springs open houses 02/10/08. Village Racquet Club. 3 bedroom 3 bath condo with fireplace, wetbar, garage, beautifully remodeled with granite countertops. Listed at $369,000.

For photos and detail information, please see 432 Village Square W

Russell Hill 760.902.3121 RussellHill.net

January median sales price

Median sales prices for Palm Springs homes (single family) for January are below. Also included are comparisons for '07 and '06. The downward trend is apparent.

Jan '08: $420,000. 33 sales; $264.10 per sf
Jan '07: $509,000. 36 sales; $302.48 per sf
Jan '06: $$512,500. 54 sales; $310.56 per sf

Russell Hill 760.902.3121 RussellHill.net

Open House - Palm Springs, CA

Palm Springs open house
Super Bowl Sunday, 2/3/08, 12-2pm

2602 Biskra, Desert Park Estates. 4 bedrooms, 2.5 baths. pool and spa. two fireplaces. listed at $449,000. Click on address above to see details and photos.

Russell Hill 760.902.3121 RussellHill.net

Palm Springs Homes Sold and in Escrow

Palm Springs real Estate update. There were eight single family homes sold between 01/07/08 and and 01/13/08. The same number went into escrow. Prices listed in parenthesis are original list price.

North Palm Springs:

Sold:

3811 Eastgate Rd., Mountain Gate, $245,000. ($279,000)
2026 Savanna Way, Four Seasons, $310,000. ($399,000.)
2726 N Cardillo Ave., Chino Canyon, $375,000. ($425,000.)

Median Sales Price: $310,000.

In Escrow:

751 Mira Grande, Mountain Gate, $275,000.
3062 N Guy Cir., $299,900.
970 E Racquet Club Rd., Racquet Club East, $375,000.
2029 Savanna Way, Four Seasons, $399,999.

Central Palm Springs:

Sold:

390 W Vereda Sur, Las Palmas, $1,900,000. ($2,395,000)

In Escrow:

793 E Chia Rd., Ruth Hardy Park, $446,000.

South Palm Springs:

Sold:

2168 Marguerite, $295,000. ($350,000.)
2933 E Orella Cir., Los Compadres, $420,000. ($579,000.)
1517 Sagebrush Rd., Deepwell, $985,000. ($1,250,000.)
1970 S Ana Maria Way, Twin Palms, $1,115,000.($1,295,000.)

Median Sales Price: $702,500.

In Escrow:

2160 S Toledo Ave, Canyon Estates, $759,000.
1177 S Driftwood Dr., Deepwell, $969,000.
1011 E Sierra Way, Canyon North, $$1,099,000.


Russell Hill 760.902.3121 RussellHill.net

Open Houses Palm Springs, CA

Palm Springs Real Estate. Open houses.

975 Village Sq S.

432 Village Sq W.

Open Saturday, 11-1:00pm. Two great condos located in Village Racquet Club, close to the village and to Warm Sands. Both wonderfully remodeled. Call for details. Listed at $309K and $389K.

Russell Hill, 760.902.3121, RussellHill.net

Trying to sell quickly?

Remove the popcorn (Real Estate Journal)
Clean the neighbor's yard (Jewish Exponent)

Mondrian Hotel Palm Springs

The Mondrian, owned by Morgans Hotel Group , announced that they do indeed plan to open in downtown Palm Springs.

As they say, "Palm Springs is experiencing a dramatic revitalization" I can't wait for construction to start, especially if they decide to go "green"

Palm Springs Neighborhood Sales Statistics

Recently, I provided sales data per quarter ('06 vs '07) for the different areas of Palm Springs. Today, I've selected a few neighborhoods from each area of the city. As suspected, most neighborhoods saw a decline in median sales price in '07 from '06. There were a couple of exceptions (Las Palmas and Deepwell).

One of the biggest declines from '06 to '07, not surprisingly, was Mountain Gate in North Palm Springs.

North Palm Springs:

Desert Park Estates:
2006: $385K/$249.88sf
2007: $$357,500./$233.66sf

Mountain Gate:
2006: $515K/$229.95sf
2007: $390K/$213.74

Racquet Club East:
2006: $499K/$386.51
2007: $445K/$327.16

Central Palm Springs:

Las Palmas:
2006: $1,572,500/$448.79
2007: $1,812,500/$503.17

Ruth Hardy Park:
2006: $540K/$354.92
2007: $615K/$325.31

Tennis Club:
2006: $1,409,000/$437.38
2007: $1,085,000/$377.12

Sunrise Park:
2006: $594K/$318.68
2007: $525K/$308.58

South Palm Springs:

Warm Sands:
2006: $530K/$296.15sf
2007: $456K/$285.77sf

Andreas Hills:
2006: $1,645,000/$311.20sf
2007: $1,516,570/$425.30sf

Deepwell:
2006: $690K/$308.25sf
2007: $760K/$335.47sf

Los Compadres:
(fee simple land only)
2006: $613K/$306.28sf
2007: $565K/$311.48

Tahquitz River Estates:
2006: $600K/$327.94sf
2007: $545K/$323.28sf

Russell Hill, 760.902.3121 RussellHill.net

Palm Springs Open House

Palm Springs Real Estate. Open house, 752 Palo Verde, Palm Springs, Tahquitz River Estates. Saturday, 1/12/08, 12-3pm

4 bedrooms, 3 baths, mid century post and beam construction. Estate-sized lot with beautiful views to the South and West mountains. Gated for complete privacy. Pool/spa, fireplace.

Listed at $799,000.

Russell Hill, 760.902.3121, RussellHill.net

Open House, Palm Springs, CA

Palm Springs CA open houses.

Saturday, 1/12/08, 12-2pm

2602 N Biskra, Desert Park Estates. 4 bedrooms, 2.5 baths, built in 2002. Pool and spa. Over 2400sf. Open floor plan and mountain views. Listed st $449,000.

Russell Hill, 760.902.3121, RussellHill.net

Palm Springs Homes Sold and in Escrow

Houses sold in Palm Springs, CA from New Years day 2008 through 01/06/08.
As expected, it was a slow week for closings; three homes sold. New escrows (sales) were decent, with seven homes selling. Prices in parenthesis are original asking price.

North Palm Springs:

Sold:

None

In Escrow:

1815 W Nicola Rd., Desert Park Estates, $249,000.

Central Palm Springs:

Sold:

1146 E El Alameda, Ruth Hardy Park, $779,000. ( $849,000.)

In Escrow:

206 N Leslie Cir., Sunrise Park, $529,000.
925 N Avenida Palmas, Movie Colony, $1,499,000.

South Palm Springs:

Sold:

213 W Camino Descanso, Mesa, $695,000. ($895,000.)
231 W Lilliana Dr., Mesa, $1,275,000. ($1,595,000)

In Escrow:

1347 Primavera Dr., Deepwell Ranch, $599,000
983 E Sierra Way, Canyon North, $750,000.
2336 S Caliente Rd., Canyon North, $849,000.
1600 E Palm Tree Dr., Deepwell, $899,000.

Russell Hill, 760.902.3121, RussellHill.net

Palm Springs, CA '07 real estate sales compared to '06 sales

Below are 2007 sales data for Palm Springs, by area (North, Central and South) compared to '06 sales. In a day or so, I will provide data for some specific neighborhoods.

North Palm Springs:

1st quarter:
'06 median/avg $ per sf: $431,500./$284.79
'07 median/avg $ per sf: $464,000./$276.31

2nd quarter:
'06: $459,000./$281.42
'07: $445,000./$254.85

3rd quarter:
'06: $425,000./$281.61
'07: $415,000./$268.81

4th quarter:
'06: $429,990./$260.02
'07: $398,850./$229.87

Central Palm Springs:

1st quarter:
'06 median/avg $ per sf: $649,000./$393.79
'07 median/avg $ per sf: $665,000./$354.19

2nd quarter:
'06: $675,000./$385.24
'07: $650,000./$350.12

3rd quarter:
'06: $716,000./$380.35
'07: $622,000./$343.36

4th quarter:
'06: $570,000./$348.64
'07: $596,000./$356.71

South Palm Springs:

1st quarter:
'06 median/avg $ per sf: $690,000./$314.06
'07 median/avg $ per sf: $660,000./$325.03

2nd quarter:
'06: $707,500./$320.89
'07: $725,000./$337.84

3rd quarter:
'06: $625,000./$301.33
'07: $660,000./$292.29

4th quarter:
'06: $629,000./$322.43
'07: $637,500./$287.45

Source: Desert Area MLS

Russell Hill, 760.902.3121 RussellHill.net

Palm Springs Homes Sold and in Escrow

From December 10, '07 through December 31, 07, there were 39 single familyhomes sold in Palm Springs. 10 houses went into escrow. These are pretty good numbers for December! Prices in parenthesis are original list price.

North Palm Springs:

Sold:
2777 Sandia Rd, Desert Park Estates, $310,000. ($399,900)
1300 E Calita Way, Victoria Park, $345,000. ($429,000.)
2777 N Farrell Dr., Desert Park Estates, $355,000. ($385,000.)
1850 Svanna Way, Four Seasons, $360,000. ($389,900)
840 E Alexander Way, Racquet Club East, $375,000. ($375,000.)
1811 N Los Alamos, Desert Park Estate, $390,000. ($547,000)
3350 Savanna Trail, Four Seasons, $422,000. ($469,000.)
593 Yorba Dr., Racquet Club West, $450,000. ($595,000.)
622 Daisy St., Park San Rafael, $460,000. ($529,000)
295 Cheryl Way #34, 43 @ Racquet Club, $463,300. ($489,000)
3698 Mountain Gate, Mountain Gate, $480,000. ($629,900)
2566 Cheryl Ct. #41, mailto:43@Racquet Club, $499,000. ($509,000.)
862 Summit Dr., Mountain Gate, $580,000. ($649,000)
1677 Sienna CT., Enclave at Sunrise, $754,243. ($719,000.)

Median Sales price: $436,000

In Escrow:

2917 N Starr Rd., Racquet Club West, $325,000.
1360 E Adobe Way, Victoria Park, $369,000.
600 E Alexander Way, Racquet Club East, $475,000.

Central Palm Springs:

Sold:

533 N Sunrise Way, Ruth Hardy Park, $241,000. ($299,900)
572 N Tercero Cir., Sun Villas, 380,000. ($499,000.)
296 N Orchid Tree Ln., Sunrise Park, $535,000. ($549,000)
216 N Michelle Rd., Sunrise Park, $592,000. ($599,000)
1151 E Via Colusa, Ruth Hardy Park, $655,000. ($689,950)
1127 Villa El Paseo, Ruth Hardy Park, $900,000. ($1,200,876)
1077 W Capistrano Ct., Vista Las Palmas, $1,049,000. ($1,195,000)
1245 Colony Way, Colony El Mirador, $1,200,000. ($1,399,000)
252 Camino Sur, Las Palmas, $1,950,000. ($2,495,000)

Median Sales Price: $655,000.

In Escrow:

1980 E El Oro Way, Sunrise Park, $429,000.
1829 E Desert Palms Dr., Sunrise Park, $589,000.
465 N Monterey Rd., Sunrise Park, $699,000.
390 W Vereda Sur, Las Palmas, $1,997,000.

South Palm Springs:

Sold:

823 S Calle Tomas, Demuth Park, $174,500. ($345,000)
642 S Desert View Dr., Demuth Park, $229,900. ($229,900)
2287 S Broadmoor Dr., Tahquitz River Golf, $365,000. ($499,990)
1250 S Compadre Rd., Los Compadres, $440,000. ($630,000)
1317 S Driftwood Dr., Deepwell, $450,000. ($725,000)
1653 S San Lucas Rd., Tahquitz River Estates, $525,000. ($630,000)
1632 S Sagebrush Rd., Deepwell, $650,000. ($899,000)
2330 E Smokewood Ave., Araby, $685,000. ($799,990)
279 W Overlook Rd., Mesa, $725,000. ($895,000)
2302 S Caliente Dr., Canyon North, $850,000. ($1,045,000)
1125 E Cactus Rd., Deepwell, $950,000. ($1,050,000)
2234 S Caliente Dr., Canyon North, $989,000. ($1,295,000)
38222 Via Luso, Bellamonte, $1,025,000. ($1,349,000)
2399 S Alhambra Dr., Canyon North, $1,155,000. ($1,195,000)
3219 Las Brisas Way, Estancias at South Canyon, $1,310,000. ($1,850,000)
1019 Andreas Palms Dr., Andreas Palms, $1,650,000. ($2,495,000)

Median Sales Price: $705,000.

In Escrow:

1365 S Sagebrush Rd., Deepwell, $649,000.
1369 S Calle de Maria, Deepwell, $699,000.
595 Camino Calidad, Tahquitz Canyon, $1,885,000.