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SCSH Real Estate News

backyard view to pool
IN ESCROW IN 1 DAY
80654 Avenida Santa Carmen
Sun City Shadow Hills
Beautiful mountain views from inside and poolside at this move-in ready home. One block to main clubhouse and fitness center with indoor & outdoor pools and spas.
2BD/2BA | DEN | 1,823 SF
Listed @ $610,000.

 

This could be an interesting summer for our real estate market. How`s that for a definitive, no holds barred, straight from the hip forecast? And how else would you describe rising sale prices, surging list prices and fewer days on market all while home sales are slowing down?

In this issue, we`ll give you some insights into this conundrum without muddying the real estate picture too much.

Home Prices Continue Rising

In May, the sold median price of a home at Shadow Hills surged year-over-year from $409,950 to $540,000 for a jump of 32%.

At the same time, the active median list price rose from $489,900 to $552,000, or by 18%.

The new median list price jumped to an annual high last month of $595,000.

Front of house with deaert landscaping and long entrance to front door
IN ESCROW IN 1 DAY
81605 Avenida De Baile
Charming, sunny Canterra model open floor plan with expanded, covered patio & beautifully landscaped backyard. Partly turnkey furnished | 2BD/2BA | 1,257 SF | Listed @ $425,000.

In April, the new median list price was $520,000 and the month before it was $509,000. Home owners may be overly-optimistic about listing at such higher prices now as sales have been slowing since March from 34 to 23 to 19 units sold last month.

The SCSH home inventory increased last month to 15 active listings, up from 11 in April and 5 in March.


Days In Market

Last month, homes were in the market an average of 25 days versus 34 days a year ago.

In March, the DIM was 21 days and in April the average was 20 days.

With inventory rising and sales contracting, The Desert Housing Report published by Market Watch expects this average to stop declining and stay around 20-25 days.

View to backyard desert landscaping_golf courses_mountain ranges in view
SOLD
IN ESCROW IN 1 DAY
81180 Avenida Lorena
Golf course & mountain views. Updated and furnished open space floor plan with Italian porcelain tile, slab granite counters and stainless steel appliances. The extra deep 2-car attached garage opens into the laundry room which has loads of cabinets.
2BD/2BA | DEN/3rdBD | 1,763 SF
Listed @ $585,900 | Sold @ $609,500.

 

Price/SF Down

The average price per square foot in May was $315, down from April`s $325/SF. But, the May average is the same as last year`s $/SF.

There`s also been a month-over-month decrease in sales volume from $13 million in April to $11 million in May. The total sales volume a year ago was $12 million.

And yes, these figures can vary considerably with the changing seasons.


 

Mirrors - windows

Window Mirror

Mirrors - round

Round Mirror

Mirrors - amoeba shape

Asymmetrical Mirror


Creative Ideas For Decorating With Mirrors

Article excerpted from: west elm © 2022 Williams Sonoma

Creating a cozy and inviting home requires the perfect mix of items to match your chosen aesthetic. Decorating with mirrors can brighten up your space and add depth with reflection. Mirrors are also functional and can serve as statement pieces.

1. Create the illusion of windows: When your living or bedroom space lacks windows, you can create the illusion of them by adding a window mirror. Not only does this mirror look like a window, but light will reflect off it and make your room brighter.

2. Modernize your space: Round mirrors can modernize your space and pull together a room with little effort. You can add a round mirror above the mantle or over a credenza. Round mirrors also work well in bathrooms when flanked by light fixtures.

3. Use asymmetry as art: An asymmetrical mirror stands out in a living room or entryway and will spark conversation. The amoeba shape brings a mid-century feel with its curved lines, and it can serve as a light-grabbing art piece to add to your space.

TIP FROM BONNIE: Good places to shop for mirrors, in addition to West Elm, are Pottery Barn, JossandMain.com, Wayfair.com, Home Goods, Lamps Plus and Target. And, of course, the consignment shops are always a great source of vintage and "almost new" mirrors.
To be continued.


Brainteaser

May Mystery: How much dirt is in a 2-foot diameter hole that is 4 feet deep?

I apologize. Your ever-computer challenged editor managed to delete entrants` answers for the "May Mystery" while playing with his new i-phone. Please be so kind as to resubmit your answers and that includes those of you who think you have solved the puzzle since it first was published on May 3.

For the first five correct entries, we donate $10 in each of the winners` names to the Galilee Center in Mecca to assist impoverished families with food baskets, rental and utility assistance and other essential needs.


If you have any questions about your how the real estate market is affecting your particular property, simply send us an e-mail. We`ll be glad to answer your questions.

As the above numbers and analysis show, we are still in a strong sellers’ market in the midst of our prime sales season. Anyone who is thinking about listing their home for sale should consider making their move now.

Please contact us if you would like to learn more about your options, including a free home valuation to see what your home is worth in today’s market. And when you list your home, a complimentary staging consult will be offered. We are ready to serve you.


Bonnie and Hank Steele began work as Realtors in 1983, They have successfully listed, staged and sold homes in suburban New York City, St. Simon`s and Sea Island, Georgia, and the Palm Springs area. To sell your home safely in the shortest possible time at the highest possible price, call 760-219-1450