Premier Desert Real Estate Services

Desna Mandich // Direct Line 760.672.5533
Home     Featured Properties     Property Search     Communities     Sellers     About Us     Useful Links     Contact Us     Homes for Rent      
Real Estate Services for the Communities of Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, Cathedral City, La Quinta and Indio.
Featured Property
       
Luxury Living with Guesthouse!
 

Endless Mountain Views from this Remodeled Mid Century Home.   Lush Backyard, Seperate Guesthouse and much more.  Click Here for more information.

 

 

 

          PS Insider Gossip...Read My BLOG!

September 18

An Article Courtesy of the Desert Sun

Existing Home Sales Up 41.6 Percent In July, Says Desert REALTOR John Hussar/PRNewsWorks Reader Submitted

PALM DESERT (Calif.) — Coachella Valley existing home sales jumped significantly in July with a 41.6 percent increase over July 2007 sales, although the median price dropped homes declined 36.7 percent over July 2007, the California Desert Association of REALTORS reported today.

"When sales rise faster than prices fall, it could indicate that buyers are taking advantage of this market window with urgency, and that window could be narrowing more quickly than earlier projections," said Greg Berkemer, executive vice president of the California Desert Association of REALTORS. "In terms of sales, which have been increasing since the second quarter of this year, if you were waiting for the bottom of the market you may have missed it," he said. "The August inventory is the lowest since September 2006," Berkemer said. By comparison, the January sales rate and inventory yielded 20.2 months of unsold inventory while the August sales and inventory stands at 12.7 months of unsold inventory. Berkemer said desert buyers continue to take advantage of lower prices and reasonable interest rates, such that for July single family homes sold were on the market for a median of 97 days. "So when is the best time to buy? The answer hasn't changed. It's five years ago. True, five years ago. It's true today and will probably be true five years from now. The sales pace would seem to indicate that serious buyers agree," he said. The median price of an existing desert area home in July was $239,360, down 36.7 percent from $378,310 in July 2007. According to the Desert Area Multiple Listing Service, the real estate industry standard for existing and some new home sales throughout the Coachella Valley, the typical median priced home for sale now is a three-bedroom, two-bath, 1,760 square-feet listed at $314,945 and has been on the market for 97 days. Throughout California, existing home sales rose 43.4 percent in July compared to July 2007 although the median price fell 40.3 percent to $350,760, according to the California Association of REALTORS, the statewide organization. The California Desert Association of REALTORS, The Voice for Real Estate for the Coachella Valley, represents more than 4,000 real estate professionals from Palm Springs to Coachella.



9:33 AM GMT  |  Read comments(0)

July 23

Are we Reaching a Plateau in Foreclosures in Riverside County?

Lenders sent default notices to a total of 14,974 homeowners in Riverside County in the second quarter of the year, up from last year's second-quarter total of 6,648, according to La Jolla-based DataQuick Information Systems.

Statewide, default notices were sent to 121,341 homeowners in the second quarter of the year, DataQuick reported. That's a 6.6 percent jump from the previous quarter and a 124.9 percent increase from the same quarter last year, when 53,943 default notices were sent.

The second-quarter default notice total was the highest since DataQuick began keeping statistics in 1992.

“The small increase in defaults from the first to the second quarter may indicate that we're nearing a plateau,” said DataQuick president John Walsh. “We won't know until the end of the year, but it may be that some lenders are starting to prioritize workouts with homeowners instead of grinding things through the foreclosure process. Of course, they may just be swamped and can't handle processing any more paperwork.”

The default numbers set records in almost all of the state's 58 counties.

Default notices do not always lead to a home foreclosure, according to DataQuick. In general, an estimated 32 percent of homeowners emerge from the foreclosure process by bringing their payments current, refinancing or selling the home.

Buying a lender owned home can be tricky,  make sure you are represented bu a knowledgable professional.  Call me today to find your next great deal...760.672.5533.



8:18 AM GMT  |  Read comments(0)

June 28

Coachella Valley Housing Statistics from First American Titile
CLOSINGS FOR MAY 2008

          2008       RESALE         NEW             2007       RESALE        NEW

PALM SPRINGS/CATHEDRAL CITY

                        215               8                               216             28

DESERT HOT SPRINGS/NO PALM SPRINGS/THOUSAND PALMS

                         25              13                                89              31

RANCHO MIRAGE/PALM DESERT/INDIAN WELLS/LA QUINTA

                       372              29                               421              70

INDIO/COACHELLA EAST TO THE COLORADO RIVER

                       158              80                               117              70


 



2:09 PM GMT  |  Read comments(0)

May 27

One of Palm Springs Mid Century Masterpieces: The Kaufmann House

 

The Kaufmann House in Palm Springs, designed by Richard Neutra in 1946, was bought by an undisclosed buyer for $16.84 million, including the purchase premium, on Tuesday as part of Christie's Post-War & Contemporary Art auction in New York. Although the winning bid was at the low end of the $15 million to $25 million estimate, the Kaufmann property (above) still commanded the highest price of the American modernist houses recently sold as architectural collectibles. In 2003, Ludwig Mies van der Rohe's Farnsworth House was sold in a Sotheby's auction for $7.5 million. In 2006, Wright auctioned Pierre Koenig's Case Study House No. 21 for nearly $3.2 million. The five-bedroom Kaufmann House on 2.1 acres was first immortalized in a 1947 Julius Shulman image taken poolside at dusk. The home was commissioned by Edgar J. Kaufmann Sr., a Pittsburgh department store owner who hired Frank Lloyd Wright to build the iconic Fallingwater in 1935 in Pennsylvania. Kaufmann died in 1955 and the Palm Springs property changed hands (Barry Manilow once called it home) and underwent tacky renovations. In 1992, architectural historian Beth Edwards Harris and her then-husband, Brent Harris, purchased the home for $1.5 million and retained the L.A. architecture firm Marmol Radziner & Associates, whose meticulous restoration stayed true to Neutra's original design. The sale was handled by Christie's Realty International.



4:46 PM GMT  |  Read comments(0)

May 08

Rest your Head at the Utra Trendy Parker Hotel

THE BASICS Jonathan Adler, the designer of ceramics and home furnishings, took one of the kitschiest places in Palm Springs - the former Givenchy Resort and Spa owned by Merv Griffin - and somehow made it both kitschier and more glamorous. Out went the faux Versailles colonnade and topiaries; in went the zebra-print rugs, thrift-store Picassos and tangerine macramé. The result is not so much a hippy-chic makeover, as it is a kind of dandy Betty Ford clinic for those who overdosed on the W Hotel's much-copied sleek and minimalist vibe. The resort's particular brand of tongue in cheek is not for everyone. But a year after it opened, the fashionable Hollywood set is still smirking about it.

Skip to next paragraph
Monica Almeida/The New York Times

A touch of old Hollywood glamour in Palm Springs.

Readers’ Opinions

Monica Almeida/The New York Times

A room at the Parker Palm Springs.

THE LOCATION The campuslike resort is at the far end of East Palm Canyon Drive, a world away from the ticky-tacky shops and disco-playing gay bars that Palm Springs is slowly weaning itself from.

THE LOBBY Upon arrival, the first thing a visitor sees is a white wall of concrete latticework, a kind of sculptural porte cochere. It also replaces the front desk. The valet/check-in clerk escorts guests to their rooms, followed by a leisurely tour of the rambling, 13-acre grounds, which includes two saltwater swimming pools, a candy-colored lemonade bar, clay tennis courts and a kumbaya-ready fire pit that is surrounded by butterfly chairs.

THE ROOMS Each of the 131 rooms and 12 villas showcases Mr. Adler's retro-groovy touch, from his signature ceramics to the travertine-and-walnut nightstands to the vintage paparazzi photos of Jackie O. The standard room I stayed in (77 South) was a modest-sized square with a king bed (with 400-thread-count sheets) and floor-to-cornice windows, screened by plantation shutters. A catwalk balcony fronted a garden of pink bougainvilleas. Among the furnishings were a glass-topped table, two leather chairs, and a wooden bureau. There was free WiFi (though there were no available electrical outlets) and a saucy collection of books ("Valley of the Dolls," for example). The sisal carpeting was a bit rough on the feet, but a sheepskin rug provided a soft landing in the morning.

THE BATHROOMS Extremely narrow, although the wall-to-wall mirrors and seamless Corian countertop gave the illusion of space. The only color in the otherwise all-white, fluorescent-lit water closet were the swag-worthy toiletries: Hermès soap in travel case, SPF 30 sunblock, lip balm and Q-tips.

AMENITIES The cheekily named Palm Springs Yacht Club is worth dropping by, and not just because of the $25 resort fee tacked onto every bill. The club has a full-service spa, his-and-her swimming pools, sauna, gym and clothing boutique. The main building harbors a sceney bar, two restaurants (Mister Parker's and Norma's) and a tassel-spangled lounge with a circular fireplace. The 24-hour concierge desk is eager to help, though it never followed through on my tennis appointment or newspaper request.

ROOM SERVICE A pot of coffee, ordered when I awoke, arrived less than seven minutes later. You can also order French comfort foods like lobster bisque ($12) and mushroom omelet with cheese ($16) around the clock.

THE CROWD Gay Hollywood producers, straight Hollywood producers, celebrities and their entourage



3:37 PM GMT  |  Read comments(0)

  With our Help, Buying a home is as Easy!
Aren't sure where to start your Search?  Let our experts guide you in finding your Perfect Home. 
Click here to start searching.
 
                                                
                                                    
   
        
 
                                 
                        
 

Relocation Services, Palm Springs Real Estate, Rancho Mirage real state, Cathedral City real estate, Palm Desert real estate, Indian Wells real estate, La Quinta real estate, Desert Hot Springs real estate, Mid Century homes, Architectural properties, Alexander homes, Racquet Club, Real Estate, Selling Home, Buying, Celebrity Homes, Desert, Foreclosures, Relocate, Referral, New Construction, Palm Springs Vistiors Information, reo palm springs, reo rancho mirage, reo palm desert, reo cathedral city, reo indio, reo desert hot springs, foreclosure palm springs, foreclosure rancho mirage, foreclosure cathedral city, foreclosure indio, foreclosure palm desert, foreclosure desert, palm springs home, palm springs homes, palm springs condo, palm springs realtor, palm springs fixer, rancho mirage home, rancho mirage homes, rancho mirage condo, rancho mirage fixer, palm desert home, palm desert homes, palm desert condo, la quinta home, la quinta homes, la quinta condo, cathedral city home, cathedral city homes, cathedral city condo, mid century palm springs