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Sheri’s Palm Springs Area Blog

Whether it be real estate updates, restaurant reviews, events, or highlights of unique homes in Palm Springs, follow Sheri as she covers all that Palm Springs and the surrounding area has to offer.

Palm Springs Real Estate Market Update – April 2014

Palm Springs Real Estate Market Update – April 2014

Shift In Palm Springs Area Real Estate Luxury Market

Beginning in January of 2013, we started to see another sign of a shift in our Palm Springs area real estate market. Sales of homes and luxury condos that sold for $700,000 and higher increased substantially from month to month right into the first quarter of 2014.

Record Net Worth Pushes Valley Luxury Sales Up 50%!

A record household net worth ($80 trillion) helped push luxury home sales in the Palm Springs real estate market up by 50%, while the lower end of the market seems to be held back by wage stagnation.

Let’s take a look at average selling prices in Palm Springs area golf communities where the average selling price over the last six months is above $700,000. For the larger golf communities, these stats include single-family homes only.

Golf Community / Average Sale Price / High Sale Price (last 6 months)

  • Madison Club, La Quinta: $5,266,667 / $7,100,000
  • Vintage Club, Indian Wells: $3,655,625 / $10,450,000
  • Bighorn, Palm Desert: $2,692,969 / $6,600,000
  • Hideaway, La Quinta: $2,555,411 / $4,650,000
  • Tradition, La Quinta: $2,487,708 / $3,900,000
  • Toscana, Indian Wells: $1,748,644 / $2,695,000
  • Reserve, Indian Wells: $1,715,525 / $2,480,000
  • Monte Sereno, Palm Springs: $1,355,083 / $1,447,360
  • Andalusia, La Quinta: $1,190,751 / $1,750,000
  • The Palms, La Quinta: $1,076,250 / $1,287,500
  • Mission Hills, Rancho Mirage: $946,675 / $2,250,000
  • Indian Wells Country Club: $825,000 / $933,810
  • Citrus, La Quinta: $877,969 / $1,680,000
  • Rancho La Quinta: $870,266 / $1,550,000
  • PGA West, La Quinta $840,090 / $1,625,000
  • Indian Ridge, Palm Desert: $820,625 / $1,950,000
  • Mountain View, La Quinta: $787,808 / $1,525,000

Data Source: April 22, 2014 Market Watch Real Estate seminar and Desert Area MLS.

Dining Around The Desert: Nobu At The Indian Wells Tennis Garden

Dining Around The Desert: Nobu At The Indian Wells Tennis Garden

Dine While Watching Professional Tennis

One of the biggest events in the desert is the annual BNP Paribas Open at the Indian Wells Tennis Garden. My husband Bill and I attended a night match last Friday evening, and we chose to try one of the three new pop-up restaurants overlooking the new Stadium 2 facility. In fact, Stadium 2 is the only Tennis Stadium in the world where you can watch professional tennis while experiencing ‘foodie dining.'

We chose Nobu as I was always a big fan of Nobu’s original restaurant in Los Angeles, Matsuhisa, which was always outstanding and one of my favorites. This concept is a little different for the desert as it’s essentially a pop-up restaurant in that it’s temporary and will only be open during the tennis tournament.

Jam Packed Upon Arrival

We arrived at 6 PM, and Nobu was jam-packed with a line out the door. Nobu doesn't accept reservations at this special pop-up location. It’s first come first served and for our visit they had a two-hour wait both for tables and the popular sushi bar.

They did have several seats available along the window overlooking the new smaller “center court” and we took those even though they were down a long hallway leading to a service exit. Not the greatest location but the view of the court and the players were great.

Service left a lot to be desired as they were just slammed. The wait staff was very knowledgeable about the menu and very personable so I have to think that if the place wasn’t so crazy busy it would have been a different experience service-wise.

The Nobu Food Experience

We started off with a California Roll and a Bigeye Tuna hand roll. Neither one was anything that I’d order there again. Not that it was bad; it just wasn’t anything special or even above par considering the high price tag. We did enjoy a couple of Nobu Tacos made with tuna that were very tasty, one bite wonders. We’d have those again.

Our waiter suggested we try the Yellowtail Sashimi with Jalapeno and the Fluke Sashimi with Dried Red Miso and Yazu Sauce. These items are clearly the stars of the menu. The fish was exquisite, and the sauces were delicate and flavorful, enhancing the fish and not over-powering it.

We had Columbian ATP tennis player Alejandro Falla and his wife seated on our left, and they were very interesting to talk to as we all enjoyed our meals. We also met another couple seated on our right that it turns out has been on our web site for a long time to keep up with the desert real estate scene.

Check Please

Overall I'd say that Nobu at Indian Wells Tennis Garden was a fun experience, and the Indian Wells Tennis Garden setting is highly recommended. That said; Sushi and wine for two was about $400 without the gratuity! Nobu is open February 28th to March 16th and you must have a tennis admission ticket for entry to the restaurant.

Photos courtesy Nobu® and Watkins Landmark Construction®

Follow Up To Kate Loving Her New Palm Springs Area Home

Follow Up To Kate Loving Her New Palm Springs Area Home

Approaching Sunset At La Quinta Resort

Last month I wrote about our client Kate's love for the Palm Springs area sunshine and her enjoyment of her new home here at Toscana Country Club in Indian Wells.

In the days following that February newsletter article being published, I was pleasantly surprised in receiving numerous emails and phone calls from clients and friends all commenting on the subject.

Please Stop Sending Me Those Sunny Desert Photos!

One person wrote, "please stop sending me your newsletters filled with sunny photos of golf courses and pools as you're driving me crazy! Just kidding actually, your photos are helping me to stay warm here in Canada. Please keep sending them!"

Another client wrote, “thank you for keeping us connected to the Palm Springs area when we’re not able to be there enjoying our home. We can’t wait to get back next week. In the meantime, please keep posting your photos!”

After helping hundreds of people find their place in the sun here, I've come to the conclusion that people just seem to be in a better mood when they're here in the desert. Especially when they’re escaping rain, cold, snow or even all of these winter elements combined.

Sunset Dinner On The Salono's Patio

Last night my husband Bill and I were reminded of one of the many reasons we love life here in the Palm Springs area. We were enjoying a casual dinner on the patio at Solano’s Bistro in Old Town La Quinta. Live classical guitar music was drifting out the open door of the nearby lounge area, and the temperature outside was a perfect 84º at 6:30 P.M.

As we enjoyed our dinner together, we took in the sunset over the nearby Santa Rosa Mountains. A couple of dozen puffy white clouds slowly changed colors going from white to salmon, to shades of pink before the sun set on another nice day in the desert.

Much More Than Real Estate, It's About Lifestyle!

If you’re considering investing in a Palm Springs area home or luxury condo, keep in mind that most of our buyer clients are investing in a lifestyle for their family and friends rather than just a Palm Springs area home. This is about much more than real estate; it’s about finding just the right Palm Springs area property for your lifestyle and then negotiating the best price and terms possible!

For those of us already enjoying either a part-time or full-time desert lifestyle, you know what I’m writing about here. Tell a few of your friends, but not too many!

Dining Around The Desert: il Corso, Palm Desert

Dining Around The Desert: il Corso, Palm Desert

Italian Fine Dining, Bar, Pasta & Wood Oven Pizza On El Paseo

My husband Bill and I had a return visit to newcomer Il Corso this week. Open just shy of a month, we tried it the first week, and there were a few issues at that time to be worked out mainly with regards to the staff knowledge of the product.

The interior is very inviting, and hip that you would expect since the chef’s partner is developer John Wessman who is well known in the valley. They used a variety of materials and textures such as reclaimed wood, metal and glass. The bar has large flat screen TV's that are well placed and don’t distract from the space itself.

Dining In The Stylish & Busy Bar

Part Of The Dining Room (A Small Patio In The Front)

This visit was a much better experience overall. We sat at the busy bar and it was packed as usual, as was the inviting dining room. The bartenders were attentive and helpful with suggestions when we asked. We had a bottle of nice chardonnay called Notes from California in a style that we like which is un-oaked. The last visit I tried a Maison Premiere Absinthe Colada, a mouthful to pronounce, but very refreshing!

I started with a spinach salad featuring mushrooms, nuts, dry ricotta and warm pancetta in a balsamic dressing. Good size, fresh ingredients and the dry ricotta was a nice touch.

Time To Enjoy Our Main Courses

Sheri At A Bar Table. Decisions, Decisions!

I then had the gorgonzola and pear pizza from the wood oven which was perfectly cooked. The crust was about as thick as a tortilla with a very thin layer of gorgonzola and then very thin slices of pear. It was not at all heavy and very tasty. Bill had the pork chop in a juniper sauce, and it was about three inches thick. Perfectly cooked, moist and served with heavenly mashed potatoes.

We followed it up with a cannoli because we have no will power. As usual, the pastry was crisp, and the ricotta filling was tart and sweet at the same time.

We’ve heard that Il Corso's bar menu is likely in the works. That will be a good addition for some smaller bites. We’ll be back!

il Corso is located at 73520 El Paseo, Suite B, Palm Desert (760) 341-6700. Complementary valet parking out front. Note: We arrived at 5PM to take photos, and the bar was packed by 5:45 PM and the dining room by just after 6 PM so reservations are suggested.

Kate Shares Why She Loves Her New Desert Home

Kate Shares Why She Loves Her New Desert Home

Toscana Country Club, Indian Wells

Just about every day I'm reminded by one of our Palm Springs area buyer clients of how fortunate we are to live here in the Palm Springs area. This week a client who invested in a home at Toscana Country Club in Indian Wells emailed me after coming back from Wyoming.

"Dear Sheri, I absolutely love it here! This desert is amazing and soooo beautiful and full of bright, happy people. Living here some of the time improves my mood, my perspective and my daily choices. I could go on about desert living, especially for people who come from the freezing cold north, which I did just this afternoon. There is magic in this desert!" Kate, Wyoming

Kate’s expression of her love for the Palm Springs area desert lifestyle is similar to what my team and I hear from people on almost a daily basis. It’s why my husband Bill and I chose to relocate to the Palm Springs area from the Los Angeles area years ago, and we’ve never looked back.

I Love Helping People Find Their Place In The Palm Springs Area Sun!

One of the cool things about my real estate career is the chance to help people discover the desert lifestyle for their family and friends rather than just a home or luxury condo.

The discovery process of finding your home in the desert sun can take days, weeks, months or even years for some buyers. Some people tell me that they are coming to the desert this week, and they’re not leaving until they find their new home. Other people come for an overview in getting to know the desert, and they may be a year or more away from even considering a purchase. Either way my team and I are here to help, to listen and to guide.

Building A Relationship, Not An Quick Sale

There are a number of agents here in the desert that won’t invest much time with you if you aren’t prepared to buy now. That’s not the right approach in my book. We have clients buying this year that we’ve had the pleasure of working with and communicating with for years, and we have new clients who are ready to invest now. Either way is fine with us.

So Much More Than Palm Springs Real Estate

Forgive me if you heard this before, but this process of finding your desert home is about much more than real estate, it’s about finding just the right Palm Springs area property for your lifestyle and then negotiating the best price and terms possible.

Take a look around our website including our Information For Buyers pages. We created all the information and resources on this Palm Springs real estate web site just for you!

Can we help you discover your desert home in the sun? And please don't hesitate to contact us–even if you have a simple real estate question. View Toscana Country Club homes for sale here.

The Ventanas At Rancho La Quinta Home For Sale

The Ventanas At Rancho La Quinta Home For Sale

78895 Via Ventana, La Quinta - Just Listed

3 Bedrooms / 3 Baths / 2,288 Square Feet / Private Pool & Spa / Offered at $539,000

Rancho La Quinta Country Club real estate continues to be a popular choice for today’s Palm Springs area home buyers. It includes a variety of homes located both on and off Rancho La Quinta’s two championship golf courses.

The Ventanas at Rancho La Quinta Country Club is a small development of just 90 detached courtyard homes located adjacent to but off the Rancho La Quinta golf courses. Ventana homes are rarely on the market for long as they offer great value for many La Quinta home buyers.

Spacious Courtyard Home Featuring Indoor/Outdoor Living

Ideally located alongside the spectacular Rancho La Quinta golf course, these spacious courtyard homes offer a great blend of outdoor and indoor living within one of the desert's most sophisticated country club communities.

This newly listed Ventana home at 78895 Via Ventana is the popular Seville floor plan. Laid out like a big “H,” the great room is at the center of the home and the family room and master bedroom suite wrap around the large outdoor patio area. The patio shares a double fireplace with the great room making for a seamless transition from indoors to outside.

This floor plan also allows for a large amount of windows overlooking the pool area and patio. The result is a bright and open feel throughout the great room, family room, kitchen and master suite.

The front of this distinctive home welcomes you with a private entry courtyard nicely landscaped with a beautiful water feature.

If you’re looking for a country club lifestyle at a very affordable price, call and arrange a look at this Rancho La Quinta home soon; it won’t be available for long!

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