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