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.