Sun City Palm Desert Stats for October

There are 181 active listings from $155,000 for a California Casual ( Short Sale) to $749,000 for a Tuscany 3232' on the golf course.

There were two homes that were contingent on the sale of the buyer's home: one at $219,000 (list price for an Orrefors and one at $309,000 (LP) for a St. Maarten.

There were 9 contingent-other (waiting for the inspection period or waiting for loan approval)
from $134,900 for a California Casual (short sale) to $769,000 for a great-room Portofino on the golf course.

There were 6 pending sales from $149,900 for a Limoge (foreclosure) to $439,500 for a Solitaire on the golf course.

There were 13 solds from $160,000 for a Limoge to $513,000 for a Morocco with Casita on the golf course.

If you have questions contact me

Elaine Leib
Windermere Real Estate Lic. #00404720
760-285-7676
www.elaineleib.com
elmorinpd@gmail.com

Hi All

Amazing stats for Sun City Palm Desert

There are only 137 active listings--what a good time to sell a home!!!
However prices are down!!

Active listings from $159,000 for a California Casual--1160' to $790,000 for a Tuscany 3146'.

Contingent on sale:
one: A Monaco 2405' listed at $467,000

Contingent Other (waiting loan approval or expiration of contingency period)
8
From $219,.900 for 1527' (short sale) to $429,000 for a Tangier on the Golf Course

Pending sales---5
From $199,000 for a Cayman --1632 ' to a St. Croix on the golf course 2156' listed at $449,000

Solds (closed escrow)--19
From $177,000 for a California Casual at 1110'
to $679,00 for a Provence on the Golf Course

Wow!!!

Remember I am the "go to person" for Sun City Palm Desert and I LOVE referrals.

Elaine Leib
Windermere Real Estate
760-285-7676

Sun City Stats

As of April 1.2010:
There were 176 active listings, from $172,000 for a Limoge (1045') to $799,000 for a Tuscany on the golf course.

Here is the amazing part ----for the month of March:
There were 20 " contingent other"--(homes that have an accepted contract but are waiting for the inspection period to be over or for the buyers to be conditionally approved for a loan)---from $214,000 for a Maui (1114') to $749,000 for a Marseille (2928') on the golf course.

There were 16 pending sales --from $177,000 for a California Casual (1150') to $664,000 for a Monterey ( 2318') on the golf course.

There were 33 closed sales in March-from $175,000 for a Hummel ( 1128) to $710,000 for a Marseille (2918') on the golf course.

Pretty amazing !!!!!

Sun City Stats

Hi All

Here are the Sun City Stats for the month of February

There are 168 active listings--from $177,500 for a CA. Casual (1160') to $$799,000 for a Tuscany (3200') on the golf course.

There were 12 "contingent other" sales --these are sales contingent on financing or just waiting for the contingency period to be over before moving to "pending". Of these 2 were under $300,000, 8 were between $300,00 -$500,000, 2 were over $500,000.

There are 16 pending sales of which 4 are under $300,000, 12 between $300,000 and $500,000, 2 that are over $500,000

There were 12 properties that closed escrow from $200,000for a Gorham (1157') to $550,000 for a Portofino (2909')

The Desert Sun, on Sunday had a 3 page article on the state of the market in the Coachella Valley. In a few words:

Sales in 2009 were up 25% over 2008; Overall volume is down $15% (dollars spent),; Of the 9,238 homes sold 8204 sold for $500,00 or less; The average sales price of homes under $500,000 was $182,369, down 22% from 2008;The sale of homes priced from $500,000 to $750,000 fell 21 %.
Prices are so low that prospective buyers with cash, a golden credit record, resilient investment portfolio and job security are swooping in to snag homes at prices not seen in nearly a decade.

SCPD stats--

There are 166 active listings compared to 157 in Jan. 09, from $179,000for a California Casual (1110') to $799,000 for a Tuscany on the golf course (3399')

From 1/01/10 to 1/29/10 there have been 8 pending sales from $215,000 for a Gorham (1157') to $499,000 for a Victoria (2289'). There have been 16 close escrows from $180,000 for a Gorham ( 1213') to $800,000 for a Marseilles on the golf course (2918')

Regarding December sales referred to in my newsletter-- here in SCPD there were 22 sales from Dec. 1, 2009-Dec. 31,2009.

Even though prices have dropped, our community is pretty stable with relatively few distressed properties.

Elaine Leib CRS,,SRES
Windermere Real Estate--Lic# 00404720
760-285-7676

Sun City Palm Desert Stats-November

I am really excited about these statistics--

There are 184 active listings from $189,000 for 1322 sq. ft( short sale) to $825,000 for a Provence (2918 sq.ft) on the golf course.

There were 13 properties that are contingent on loans, etc.--from 169,900 for a Limoge (1045 sq ft) to $899,000 for a Marseille on the Golf course(2918 sq. ft)

There were 8 properties pending in escrow from $260,000, list price (1578 sq. ft) to $749,000 for a Monaco with a casita on the golf course (2679 sq. ft)

There were 17 properties that closed escrow from $170,000 for a CA Casual (1049 sq. ft) to $680,.000 for a Marseille on the golf course( 2938 sq. ft)

Sun City Stats--October

There seems to be more activity in our development since the beginning of September I have been very busy showing property, even though all of the prospects did not buy.

There are 151 active listings in SCPD, from 1045' for a Limoge to $899,000 for a Marseille on the golf course-2918 '

From Oct. 1, 2009 until November 3 , 2009 there were 5 pending sales--from $178,000 for a California Casual 1110'

There were 14 closed sales from $190,000 for a California Casual 1110' to a Portofino at $600,000 2790 '

I hope we have hit bottom. More and more sales are closer to asking price than in previous months.

Call me if you have questions------ Come see my new listing @ 37616 Pineknoll Ave.
and enter to win $100.00 @ Ruths Chris Steak House
Sat, Nov. 7 1:00-3:00 PM

Elaine Leib CRS, SRES
Windermere Real Estate Lic. # 00404720 760-285-7676

Latest Sun City Stats

There are 136 active listings at the present time, from $178,000 for a Pasadena 1110 sq. ft.( Calif. Casual) to $879,000 for a Tuscany 3399sq. ft. on the golf course.

There are 11 pending sales, from $269,000 for an Orrefors 1524 sq. ft. to $499,000 for a Monterey 2318. sq. ft.

There were 11 closed sales from 9/01/09 to 10/05/09, from $200,000 for a Pasadena 1110 sq. ft. to $585,000 for a Monterey 2318 sq. ft., on the golf course.

The average price per sq ft. is $168.06 during the above time frame
The average price per sq. ft during the same time frame in 2008 was $214.82 sq. ft.

Wow--it really shows what has happened to our market--although it remains strong, the prices have dropped sharply.

Call me if you want more information or to find out what your home is worth.

Yeah for us!!!

the latest August figures show that Windermere once again dominates the sales in the Coachella Valley:

Windermere--- $84.5 million
Coldwell Banker--$44 million
Keller Wms------ $29.5 million
Remax-----------$18 million
Tarbell-----------$13 million

Who says the summer is slow in real estate?

It is amazing. Since I have been in the desert and selling real estate in Sun City Palm Desert, the summers have been very busy until the last 2 years.

But, this year we are back to busy!!!

The latest stats for Sun City Palm Desert:

There are 126 active listings from $189,000 for a California Casual (short sale) to $879,000 for a Tuscany on the golf course.

There were 7 pending sales in the month of August, from$259,000 for an Orrefors to $$595,000 for a Monterey on the golf course.

There were 7 properties that closed escrow in August, from $162,000 for 1283 sq. ft (bank owned) to $425,000 for a Morocco on the golf course.,\.

Who says summer is slow?

Home Sales Climb

While at Mah Jongg today, someone asked me how the market was doing.

I was delighted to tell them that home sales climbed 17.4% in July.

Here, in Sun City Palm Desert our prices seem to have stabilized and sales are cooking.

Call me for more information.

A New Deli?

With all our wonderful restaurants, the east end of the valley has had only one real delicatessen. But opening this week is a New York style deli in La Quinta. It is in the site that was the Beachside Cafe at the corner of 111 and Washington, in the Von's shopping center. Let's hope it is as good as it is billed.

Summer Bargains

Here are some of our favorite restaurants that are having summer specials

The Falls--$30.00 per person

Steakhouse at the Spa Casino--$49.00 for 2 people

Pacifica--Sunset dinners--$19.75

Fleming's --$35.95

Sullivan's Steakhouse--$69.00 for 2 people

LG's Prime Steakhouse--$45.00

Chop House--Palm Desert--Two for $49.00,$59.00,$69.00, $79.00 and $89.00

Ruth's Chris--$39.95 and $49.95

Shame on the Moon--$19.95

Bon Apetite!!!!!

PS

If you really want a bargain, Salton City has some homes selling for around $50,000. Someday that will be a great place to live--maybe for our great grandchildren

"Analysts: Valley market on mend"--Good News and Bad News.

As I was reading this morning's Desert Sun, I started out excited and then realized that much of the upturn in sales is in REO's and Short Sales.
Spots with devastation from foreclosures showed the strongest gains.
The buying spurt has shaved average sales prices on mid-priced and luxury homes, which is why you are seeing the lower priced homes selling here in Sun City Palm Desert, while the higher priced homes are sitting or being reduced sharply.Valleywide the average price has dropped 43% since 2007.
The good news is that inventory has dropped to 6000 from 9400 in 2008.
At my office meeting this morning we were warned that the next wave of foreclosures is soon to hit.

Desert Heat

Clients who are thinking of moving to the desert often ask me how we "weather" the summer heat.
I have lived in Sun City Palm Desert for 12 years and have remained at home for the entire summer, except for several weekend outings to San Diego or Los Angeles. One summer we cruised to Hawaii.
I play golf all summer, albeit early in the morning, there are tennis players on the courts--early in the morning. We do errands--early in the morning. It really does not get really hot until the afternoon. Then it is time to read, play bridge, play Mah Jongg, go to the movies.
Speaking of movies, I say Julia and Julie over the weekend. Don't miss it. Meryl Streep is fabulous!!!
Even when the temps rise in the one-teens, it is usually dry. Only in Aug. and Sept. when we get the Monsoon storms from Mexico, is it the least bit uncomfortable.
Call me if you need more information on the summer weather.

Multi Million Dollar Homes

During the last few days I had the opportunity to preview homes, in the San Diego area, that were from $7,000,000-10,000,000. What a treat! These homes were approximately 10,000sq. ft on huge lots with ocean views. These homes were previewed for a client of my daughter, who is a Realtor in that area.

The best part was the weather--30 degrees cooler than Palm Desert. I can't complain. I have lived in the Desert for 12 years and really don't mind the summer heat. We just do more in the mornings--golf, tennis, walking, shopping. We go from an air conditioned home, to an air conditioned car, to an air conditioned shop, etc.

Exciting News

This morning I attended an all valley Windermere meeting with over 600 agents.

We are all excited about the new marketing tools Windermere is offering us to better serve you. The most exciting new tool is that every listing will automatically be put on over 30 active websites, including all your favorites: Twitter, Facebook, Zillow, Trulia, Craig's List, etc.etc.

There were many other tools that will be available to us in the next few months. I will keep you informed.

Where is Elaine

Sunday, Aug. 2

This morning finds me packing for a short trip to my daughter's home in Carlsbad--yeah--it is cool!!!
Looking forward to spending time with my 3 granddaughters (one 9 yrs, two are 5 year old twins) and her daughter. We are going to La Jolla to take pictures of my daughter's new listing (she is also a Realtor in the Carlsbad/San Diego area.) Also going to look at 8 million dollar properties for a client of my daughter.
.

Where is Elaine Leib

Saturday morning I was at the Camelot Theater, in Palm Springs, to see a film sponsored by the Desert Film Society.
The movie was "Pressure Cooker" which is about three seniors at Philadelphia's Frankford High School who find an unlikely champion in the kitchen of Wilma Stepheson. A legend in the school system, Mrs. Stephenson's hilariously blunt boot-camp method of teaching Culinary Arts is validated by years of scholarship success. The students compete with other schools for major scholarship money. Against a backdrop of the row homes of working class Philadelphia, she has helped countless students reach the top culinary schools in the country
This true story has won many Film Festival awards.
I, and others in the theater highly recommend this film when it comes to a theater near you.
Later in the day I an open house at 37616 Pine Knoll in Sun City Palm Desert. where I had several people arriving to see the home, even though it was 112 outside. This home is beautiful and well priced .
The rest of the day was spent emailing listings to out of towners buyers paying bills and contactng past clients.