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Palm Springs, CA Real Estate News

By Gregory Manns, Palm Springs Area Realtor, Palm Springs Area Realtor with HomeSmart Elite
(HomeSmart Elite Group - Palm Springs / La Quinta, CA)
I absolutely love and appreciate Mid-Century architecture and have sold a number of significant properties in both the San Fernando Valley neighborhoods of Encino and Sherman Oaks as well as Palm Springs.Palm Springs is renowned for its collection of mid-century modern homes, a style that emerged in the mid-20th century and is characterized by simplicity, clean lines, and integration with nature. Key features of these homes include flat planes, large glass windows, open spaces, and a focus on function.Some of the key features of Mid-Century Modern Homes include flat roofs and geometric lines which emphasize simplicity and clean design.Some additional common features of Mid-Century homes include:Large Windows: Maximizing natural light and connecting the indoors with the outdoors.Open Flo...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Hello from the inferno, otherwise known as Palm Springs, California! Where the sun is always shining, the pools are always glistening, and the air conditioning is always on the verge of a nervous breakdown. Yours truly included.   Locals love to remind you, "It's a dry heat!" As if that somehow makes a difference when you're melting faster than a popsicle on the Fourth of July. Newsflash, folks: cooking your Thanksgiving turkey is a dry heat too, and that's exactly what it feels like when you open your front door – like opening the oven and getting blasted by a wave of hot air that could singe your eyebrows. I suppose this sweltering summer is karma for all those winter months spent smugly bragging to my freezing friends in Canada and Minnesota. While they were bundled up shoveling snow...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
IntroductionOn March 15, 2024, the National Association of REALTORS® (NAR) reached a settlement agreement to end litigation concerning broker commissions. This agreement includes significant changes to real estate transactions effective August 17, 2024, ensuring consumers retain choices regarding real estate services.Key ChangesWritten AgreementsReal estate agents using a Multiple Listing Service (MLS) must now enter into written agreements with buyers BEFORE touring homes. These agreements must clearly disclose: Compensation Details: The specific amount or rate of compensation the agent will receive, or how this amount will be determined. Objective Compensation: Compensation must be definite (e.g., a flat fee, percentage, or hourly rate) and cannot be open-ended. Prohibition on Excess ...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Looking for a sizzling way to celebrate Independence Day?  The Coachella Valley beckons with sunshine, stunning scenery, and a vibrant energy that's perfect for a long weekend escape.  Imagine poolside lounging with fireworks crackling overhead, exploring dramatic landscapes, and indulging in delicious food – all while toasting to American freedom.  This July 4th, trade in the ordinary for an unforgettable desert adventure!Light Up Your Night:The Coachella Valley paints the sky with vibrant fireworks displays on the 4th of July. Here's where you can catch the dazzling shows: City of Coachella:  Kick off the festivities early with a family-friendly celebration on July 1st at Bagdouma Park. Enjoy live music, food vendors, carnival rides, and a spectacular fireworks extravaganza at 9 pm. P...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Election years often bring a sense of uncertainty and anticipation that can ripple through various sectors of the economy, including the real estate market. As voters prepare to cast their ballots, the potential changes in government policies and economic strategies can influence both buyers' and sellers' behaviors. Here’s a look at how election years have historically impacted the real estate market and what trends we might expect during these politically charged times.The Uncertainty FactorOne of the most significant impacts of an election year on real estate is the uncertainty it creates. Buyers and sellers often adopt a "wait and see" approach, delaying major financial decisions until the political landscape becomes clearer. This hesitation can lead to a temporary slowdown in market...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Selling your home is a significant decision for your Palm Springs home or any other location, and selecting the right realtor is crucial to ensuring your property gets the attention it deserves. In today's digital age, where the majority of home buyers find their homes online, the presentation of your listing can make or break the deal. Here’s why picking the right realtor is essential and what you should look for during the interview process.*Bad photos courtesy of The CloseFirst Impressions MatterStudies show that most home buyers start their search online. This means that the photos and media representing your home are the first things potential buyers see. It breaks my heart to see listings with only one photo saying "more photos coming soon." Guess what? Most buyers won’t come back...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Ah, the allure of Palm Springs for our Canadian snowbirds!  Trading in snowdrifts for sparkling pools and mountain vistas sounds pretty darn tempting. But before you hop on a plane with visions of poolside margaritas dancing in your head,  let's delve into the current market and see if now is the perfect time for Canadians to buy in Palm Springs.The Loonie's Long Journey: Friend or Foe?The Canadian dollar (affectionately nicknamed the loonie) has a long and colorful history when compared to its American counterpart.  For much of the 2000s, the loonie soared, making US properties a steal for Canadians.  However, in recent years, the loonie has weakened. While it hasn't reached its historic lows, the exchange rate can significantly impact your purchasing power.Here's a quick historical co...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
As we celebrate Pride Month and gear up for the vibrant festivities of Palm Springs Pride, there's no better time to show our support for the incredible gay-owned and gay friendly businesses that make this city so special. Palm Springs is renowned for its inclusivity, vibrant culture, and thriving LGBTQ+ community. By supporting these businesses, we not only contribute to the local economy but also celebrate the spirit of Pride all year long. Here's a list of only some of the notable gay-owned and gay-friendly businesses in Palm Springs that you should definitely check out.Restaurants and Cafes: Rooster and the Pig: This modern Vietnamese-American eatery offers a unique dining experience with its innovative dishes and cozy atmosphere. Bongo Johnny’s Patio Bar & Grill: A favorite spot fo...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Palm Springs beckons year-round with its sunshine, vibrant culture, and stunning desert landscapes. It's no wonder it's a California dream for many. But when it comes to buying a home in this desert paradise, conventional wisdom might suggest waiting for the cooler months.  However, there are surprising advantages to considering a summer purchase!  Here's why buying a home in Palm Springs during the warmer months might be the perfect move for you,  and why partnering with the Paul Kaplan Group can make the entire process smooth sailing:Unlock Summer Bliss Faster:Summer may seem counterintuitive for house hunting, but closing the deal in the warmer months means you can move in and start enjoying your new oasis right away!  Dive into your pool, fire up the grill on your patio, and soak up...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
For 25 years, I, Paul Kaplan, have been a Realtor, slinging keys and showing houses. But my real passion, you ask? Gazing longingly at the vibrant community of Sun City in Palm Desert. Forget selling there, I dreamt of living there..Now, Sun City isn't exactly known for its rainbow flags. It's a gated 55+ community of 10,000 people, more like an adult Disneyland – golf courses, pickleball courts, enough water aerobics to make an Olympian blush. Even in my 40s, I confess, I daydreamed about qualifying for residency one day. My partner, Larry, just rolled his eyes."Paul," he'd say, honey dripping from his voice, "you're more likely to find a disco ball at a bingo night than a gay couple at Sun City."But the allure of an activity-packed retirement was too strong. We both craved hobbies, so...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
The allure of California living beckons, but where does your dream home fit within your budget?  Think you can't afford it?  Let's dive into the cost of buying a home in the Coachella Valley, comparing it to four major Southern California destinations: Los Angeles, Pasadena, Orange County, and San Diego..Coachella Valley: Sunshine & (Relative) AffordabilityThe Coachella Valley offers a vibrant desert lifestyle, stunning mountain views, and world-class festivals. The median home price in the Coachella Valley sits around $570,000, significantly lower than its coastal counterparts.  (You can still find condos for under $300,000 in resort-style communities, with pool, pickleball, and other popular amenities.) Although Palm Springs prices are more than the rest of the Coachella Valley, this ...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
One of the most frequent questions we receive from potential buyers is, "I want to live in a gay area of Palm Springs." As Realtors, it's important to understand that we can't "steer" people to specific neighborhoods due to fair housing rules. However, what we at The Paul Kaplan Group,  can share is that Palm Springs as a whole embraces the LGBTQ+ community and offers a citywide celebration of diversity and inclusion.Embracing Diversity: LGBT Life and Resources in Palm SpringsPalm Springs, California, is renowned not only for its stunning desert landscapes and luxurious resorts but also for its vibrant and inclusive LGBTQ+ community. A haven for diversity and acceptance, Palm Springs has long been a welcoming destination for LGBTQ+ individuals seeking a supportive and thriving community...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
The allure of Palm Springs living often centers around its vibrant downtown scene. With its trendy shops, acclaimed restaurants, and exciting nightlife, it's no wonder many dream of residing close to the action. But how close is "close enough?"  This post explores the vibrant neighborhoods surrounding Palm Springs' downtown core, offering a range of options for those who crave easy access to the city's center.West of Palm Canyon Drive: Where Chic Meets CommunityOld Las Palmas: Palm Springs' premier neighborhood boasts a rich history and stunning architecture. Once a citrus grove, this area now features luxurious walled estates and celebrity homes, surrounded by lush landscapes. It's a must-visit for its elegance and historical charm. There are also a few mid-century condominium complexe...
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By PAUL KAPLAN, Coachella Valley Local Real Estate Experts
(Bennion Deville Homes)
Palm Springs, with its mid-century modern architecture, stunning desert landscapes, and vibrant community, is a dream destination for many. But when it comes to buying a home here, there's a unique concept you need to understand:  lease land.A History of Lease Land:A significant portion of Palm Springs sits on land owned by the Agua Caliente Band of Cahuilla Indians.  In the mid-20th century, the tribe leased this land to developers for residential construction. These leases typically last for 50-99 years, with the option for renewal. Today, over 23,000 homes in the Coachella Valley are built on lease land.Considering a Lease Land Property?The allure of Palm Springs can make lease land properties seem attractive, often priced lower than traditional fee land homes. But before you dive in...
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By Matthew Sturkie, CRS, GRI 909-969-3805, CRS, GRI 909-969-3805
(Action Realty)
Here is the current inventory of condos for sale in the city of Palm Springs California.There is no shortage of condo inventory in Palm Springs.  In fact, the city is flooded with condos and townhomes for sale.As of today, there are 297 condominiums for sale in Palm Springs priced from $169,000 for a one-bedroom one-bathroom built in 1981 to $1,975,000 for a three-bedroom four-bathroom built in 1979. The average price per square foot for these is $404.74. To put that in perspective, the average price per square foot for a house in Palm Springs right now is $694.72 which is a whopping 71.6% higher than the price of condominiums per square foot.Condos, townhomes, and attached homes usually provide a more affordable alternative to individual detached homes and in the case of Palm Springs, ...
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By Michael Layton, Experience and Trust
(PSagent.com)
Modernism Week starts Thursday, Feb 15th in Palm Springs CA.  As the event has grown over the years one long weekend in 2006 has turned into two and now the event stretches across 11 days.  The 2024 edition will host some 350 events including fun parties and double-decker bus tours! People travel from across the globe to be part of this unique event.Modernism Week celebrates mid-century modern design, architecture, art, and culture. Palm Springs, California, is renowned for its concentration of well-preserved mid-century modern architecture, and Modernism Week provides a platform to showcase and explore this unique design era. Architectural Tours: Participants can take guided tours of iconic mid-century modern homes and buildings in Palm Springs and surrounding areas. These tours often ...
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By Matthew Sturkie, CRS, GRI 909-969-3805, CRS, GRI 909-969-3805
(Action Realty)
I'm back with more residential income properties. This time it's Palm Springs.Here is the current inventory of duplexes, triplexes, fourplexes and larger multi-unit residential income properties for sale in Palm Springs California.As of today, there are many residential income properties to choose from in Palm Springs California. The following is available:2 two-unit properties                         1 eleven-unit property2 four-unit properties                        1 twelve-unit property  1 five-unit property                             1 thirty-one-unit property4 six-unit properties                           1 ten-unit propertyThirteen properties on the market with prices ranging from $580,000 for one of the two-unit properties to $7,800,000 for the 31-unit property. The average pri...
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By Gregory Manns, Palm Springs Area Realtor, Palm Springs Area Realtor with HomeSmart Elite
(HomeSmart Elite Group - Palm Springs / La Quinta, CA)
Palm Springs has long been associated with Hollywood and the entertainment industry. It has been a popular destination and retreat for celebrities and a hub for the film and music industries. One of the reasons for the connection between Palm Springs and Hollywood is that Hollywood actors had a stipulation in their contract with the studios that they must always stay within a 2-hour drive from production. Many Hollywood stars, including Frank Sinatra, Elvis Presley, and Marilyn Monroe, owned homes in the area. Leonardo DiCaprio is one of the most famous actors who recently purchased the former home of Dinah Shore in the Old Las Palmas neighborhood in Palm Springs, a Mid-Century home designed by the famous architect Donald Wexler.The city's relaxed atmosphere and desert landscape still p...
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By Michael Layton, Experience and Trust
(PSagent.com)
 January Always Starts with a Bang in Palm Springs California because of the International Film Festival. People come from around the world to enjoy all the activities, meet A-List Celebrities, and Screen hundreds of amazing films.We want to help you Start The New Year off right with a tour of this fantastic home in the heart of PalmSprings.  AND........It could be your lucky day in more ways than one!  The First 20 attendees receive a CA Lottery Scratcher card - so plan on a big win and stop by to see this beautiful home.If you can't make it be sure to see it with this link: https://lnkd.in/g_9C5vJH 
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