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Palm Springs Area Real Estate News

Business as usual? Hardly, but now we can continue to serve you.

You probably know that on March 28, Gov. Newsom`s stay-at-home order was updated to expressly include residential and commercial real estate as essential services. Following guidelines from the California Association of Realtors, we may list and sell real estate. As the CAR guidelines state, we will be conducting business electronically wherever possible and following social distancing and other best practices for the health and well-being of our clients and colleagues and for the general public. If you have any questions about selling or buying a home at this time, please contact us.

Hank & Bonnie Steele | CalDRE# 01701506 | 760-219-1450


SOLD @ $284,500 80571 Avenida Bolero Updated Canterra model. This popular open concept home has a south-facing rear yard with an extended patio and lush landscaping. Since 2017, the home has had a full interior paint job and the HVAC, carpet and rear yard irrigation have been replaced. The kitchen has slab granite counters, stainless appliances and a breakfast bar. The master suite has a walk-in closet. The master bathroom has dual sinks and a stall shower. A tub-shower is in the guest bathroom. The garage has an evaporative cooler and an insulated garage door. Represented buyer.

Another service for you

when you list your home with us. We will prepare a beautiful virtual tour that will be distributed to thousands of agents and potential buyers around the globe via the Multiple Listing Service, Realtor.com, Zillow, Trulia and hundreds of global home-search websites. As part of maintaining social distancing, we`ll conduct frequent Virtual Open Houses of your property that will be e-blasted to thousands of agents and potential buyers. As part of marketing your property, we of course will continue our on-going area, national and global print, digital, social media and other advertising.

To sell your home in the shortest possible time at the highest possible price, call 760-219-1450.


March 2020 Desert Housing Report

The most recent report about the Coachella Valley`s housing market represents real estate activity through the end of March. The prices and sales presented show the average of January, February and March, which is before the Covid-19 crisis. As a result, the data show a very healthy housing market "with one of the strongest outlooks we`ve seen," the report said. Since the March 28 stay-at-home order has been updated, as mentioned above, to include commercial and residential real estate as essential services, we look to the April report so we can send you an up-to-date picture of our real estate market.



MOVE RIGHT IN 80708 Avenida Santa Carmen Start enjoying our laid-back resort lifestyle. Great mountain vistas, stunning rock waterfall and an expanded, landscaped patio are your view from the open concept living-dining room and the family room, with its big center island kitchen, as well as from your master bedroom. The master suite has a huge closet and spacious bath with soak-tub and walk-in, bench shower. The guest lock-off suite has its own outside entrance and a full bath plus lots of light. There`s also a roomy den that could be a 3rd bedroom. Walk ONE BLOCK to the state-of-the-art fitness center with indoor and outdoor pools and spas and the gorgeous main clubhouse with its many attractions including a cafe, library, billiards, cards, clubs and events. Shadow Hills is one of the top-rated 55+ communities in the USA. Offered at $459,000.

Median Detached Home Prices Rose

Our valley`s median detached home price in March was $431,200, almost 4% a above year ago. The increase followed the 4% growth curve that the area has experienced for the last six years. According to the report, the data also show that our markets are not experiencing any price excesses as a number of writers have described. It is normal for prices to rise about 4% to 5% a year. The ups and downs of our seasonal prices usually peak sometime in May and drop by the end of summer. As the housing report said, the area was on track to repeat this pattern before the coronavirus crisis hit us.


Attached Median Price Increased and Price Ranges Also Up

Sales growth spread across almost all price ranges last month. Sales were up in every price range from $300,000 to over $1 million, except in one small bracket of $700,000 to $800,000. In that bracket, sales were basically unchanged compared to a year ago. The Desert Housing Report also pointed out that sales of homes priced over $1 million were considerably higher than a year ago. On April 1, 54 days was the average time on market compared to an average of 70 days last year. At last month`s sales` pace, it would have taken about four months to absorb the entire home inventory.

For a free estimate of your home`s current market value, call Bonnie at 760-219-1450

If you`re already working with an agent, this newsletter is not mean to solicit that business.


Why Not Paint?

While you are "social distancing" during this challenging time, I thought you might like another suggestion for a creative way to use your free time. Why not think about repainting a wall or room in your home? It`s a great way to refresh a space and give you a whole new outlook on life! I`ve found an interesting article for you to take a look at on HGTV.com entitled "The Psychology of Color" to assist you in finding your perfect match. You can order paint and supplies online from many of the major home DIY and paint stores for outside pick-up or home delivery. Click on the link and happy painting! Psychology of Color

Send us your before and after photos, please!! We will post them here. Call/email/text if you need a tie-breaker on which color, I am happy to help!


Let Bonnie and her Staging The Desert team declutter, rearrange and stage for you. Call 760-219-1450 or e-mail bonnie@stagingthedesert.com