New On Market 43602 Saint Kitts Court in Desert Breezes

Desert Breezes, Palm Desert  -  Announcing a new listing on 43602 Saint Kitts Court, a 1,895 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $229,000 - Outstanding Value.

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Single Story For Sale in Tahquitz River Estates

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Tahquitz River Estates Home

• 2,400 sq. ft., 2 bath, 3 bdrm single story - MLS® $449,000 - Big Home Small Price

 -  Opportunity is knocking. Are you ready. First time on the market in decades. This large home located in South Palm Springs has many special features.

A dramatic entry courtyard complete with fountain, a sunken wet bar, large an plentiful closets, a bonus room, an RV ready garage, storage loft and even a big workshop. Of course there is a pool spa and a very private backyard with moutain views. Three bedrooms and two full baths round out the rooms. There is a fireplace in the den.

Tile floors except in the bedrooms and privacy abounds with the split bedroom floorplan and the walls and hedges it feels like a grand estate. The master even has a private patio.

Come see what you can do to complete this picture.

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Price Reduced on Biltmore Colony - Now Just $154,900!

Biltmore Colony, Palm Springs  -  Announcing a price reduction on 204-900 E Palm Canyon Drive, a 748 sq. ft., 1 bath, 1 bdrm 2 story "Garage Below". Now MLS® $154,900 - Stylish Condo for.

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Single Story For Sale in Central Palm Springs

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Central Palm Springs

• 1,050 sq. ft., 2 bath, 2 bdrm single story - MLS® $189,000 - WOW!

 -  Sagewood! Fee land condos in Central Palm Springs. Just like living in a Park. They don't build them like this anymore. Single level living with big greenbelts. Pools and Spas are just steps away from your unit.

Best of all your living spaces almost doubles when you open the oversized slider to your gigantic private patio. Enjoy all that Plam Springs great weather affords you in this condo that feels like a private home. A single car garage and a laundry inside rounds out the perfect Palm Springs condo experience.

This is the best priced unit in the complkex. A short sale it is subject to bank acceptance of all terms and conditions.

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10 Digit Dialing Comes To Palm Springs

As of the 23rd of October 2009 local calls will require the area code in order to go through.  Be sure to re-program those cell phones.  Alos don't forget that there are things like alarm systems and gate call boxes that will need to have the area code added. There is a new exchange in Palm Springs and you will start seeing local numbers assigned with 442- instead of 760. 

Is it a mark of progress that our little village has grown this much?  

Priced Below $200K! Villa Unit Riviera Gardens

Riveria Gardens, Palm Springs  -  Announcing a price reduction on 915-2053 N Via Miraleste, a 1,183 sq. ft., 2 bath, 2 bdrm single story "This Villa Unit is single story". Now MLS® $199,000 - Priced Below $200K!.

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Open House in Riveria Gardens on Saturday

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Riveria Gardens, Palm Springs  -  We invite everyone to visit our open house at Unit 915-2053 N Via Miraleste on September 5 from 11:30 AM to 2:00 PM.

 

This is a great 2 Bed 2 Bath Bugalow unit. Each bedroom is a suite and there are multiple patios, gated parking and pools and spas.  You own the land in this development.

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Open House in South Palm Desert on Sunday

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South Palm Desert, Palm Desert  -  We invite everyone to visit our open house at 73341 Busera Way on August 30 from 12:00 PM to 3:00 PM.  Imagine a big estate property with room enough for everyone and everything you want to enjoy. Well you just found it! 

Don't miss your chance to see this beautiful home with upgrades galore - being sold below cost. Thats right the sellers are letting it go for less than they paid before the $250K remodel!!!! Can we say deal.

 Best of all you won't have to deal with banks or short sales. It is a private sale.

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Good News In Palm Springs - 7 Lakes Country Club Now Fee Land

Many of you may already be aware that Palm Springs has sections of land that are actually in Indian Lease Land.  That is why you will see signs that say "Entering the Agua Caliente Tribal Lands" signs in certain areas of Palm Springs.  Over the years many homes and businesses were built on lease land.  You have a lease payment that basically means you are renting the land  - over an above any kind of Debt service  (mortgage) you may have on the property.

In recent years lease land became an issue because there was so much 100% financing that people began to shy away from lease land because of the minimum 10% down payment required. Then you also had the issue that the lease terms were coming up to less than 35 years to go on the lease. Since most lenders want you to have the life of the loan plus a 5 year pad in order to finance lease land a 34 year lease does not fit their model.  So lease land was harder to finance and people had to put more money down.  2 big dings against the purchase of property located on the lease land.

Many people ask why anyone ever built or bought on lease land anyway.  Well, that is easy if you look at the way things use to be a lease was for 60 or more years. The payments were typically under $100 a month . I have seen older leases with payments of $38.  People knew they would never be in the property in 60 years or more so they were only too willing to go ahead and take the property.  The big reason was always that you got more house for the money. See, when you did not have to factor in the price of the land up front you got a bigger house for less money.  This was a big attraction to lease land.

Well, in todays economy things are changing and some of the lease that have fewer than 25 years left to go are being bought out.  Not all lease land is eligible for a buyout but some are. Recently the neighborhood of 7 Lakes Country Club completed a lengthy lease purchase. Homes on average went up in value $100,000 in value.  The lease purchas price was about $60,000 per home.  Another great community currently working on a lease buyout is Canyon Estates in South Palm Springs.

For more information on lease land or any Real Estate issue please don't hesitate to contact Michael Layton at 760-408-5300.

Tahquitz Creek Golf Course Views

Great Video of The golf course and specacular mountian views in Palm Springs California.

 

Click Here

Price Reduced on 73341 Busera Way in South Palm Desert

South Palm Desert, Palm Desert  -  Announcing a price reduction on 73341 Busera Way, a 3,918 sq. ft., 5 bath, 4 bdrm single story. Now MLS® $749,000 - Entertainers Delight redone to the max with every conceviable upgrade.  Don't wait to grab this bargain beauty. Property information

Price Reduced on 918-2053 N Via Miraleste in Riveria Gardens

Riveria Gardens, Palm Springs  -  Announcing a new lisitng on the Bungalow # 918- located at 2053 N Via Miraleste, a 1,183 sq. ft., 2 bath, 2 bdrm single story "This Villa Unit is single story". Just $215,000 - Value Priced, you own the land and there is gated secure parking.

Single level living and two true master suites makes this home special. Big patio in the front and Laundry hookups.  Roof was replaced in aprox. 2004.  Beautiful complex with many pools and spas. Adjacent to the recently remodeled Riviera Gardens Hotel and resort.

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New On Market! 2456 S Madrona Drive in Canyon Estates

Canyon Estates, Palm Springs  -  Announcing a brand New Listing on 2456 S Madrona Drive, a 1,967 sq. ft., 2 bath, 2 bdrm single story. Meticulously remodled  at $319,000.

Canyon Estates is a premier South Palm Springs community where everything you want in Palm Springs is included.  Golf, tennis, spas, pools and fitness.

See more information and virtual tour of this stunning home at:

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Newly Listed 73341 Busera Way in South Palm Desert

South Palm Desert, Palm Desert  -  Announcing an incredible new listing on 73341 Busera Way, a 3,918 sq. ft., 5 bath, 4 bdrm single story. MLS® $829,000 - Entertainers Delight. Estate sized lot with pool spa and mountain views.

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Powerful Numbers Adding Up Big Changes!

With A constant negative drumbeat in the press it is hard to imagine that there would be any good real estate news to report.  But the reality is big changes are transforming the market place here in the Coachella Valley. Look at the sales comparisons for May of 2008 and May of 2009

  • In May of 2008 there were 12,318 homes on the market for sale.
  • In May of 2009 there were  9,996 home on the market for sale.

An inventory decrease of just under 20%!  In the meantime sales have increased 24% and the number of homes under contract has soarded by 66%.  With 1,307 homes going into contract in May of 09 compared to just 789 in May of 2008.

With 2003/2004 pricing and low interest rates many people have made the decision to not wait any longer to get their place in the sun.  Be sure to check out the very rewarding first time buyer programs and tax credits, which provide icing on the cake for todays buyers.

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