Archive for the ‘Canadian buyers’ Category
Mid-Century Palm Springs Condo, Living in Light, A Master Architect Created a Jewel box of a Home
Do you dream of having a hip pad in Palm Springs where you can drop your bag by the door and the party has already started? Do you love bright, open spaces but value your privacy? Do you have that perfect piece of art that can carry a whole room?
This beautiful Mid-Century Palm Springs condo for sale in South Palm Springs’ Canyon Club Estates fills all those needs and more. It starts off with your private covered entry with decorative concrete block, planters and fabulous door.
The architect of this Mid-Century Palm Springs condo home is the modernist A. Quincy Jones, famous for designing the magnificent Annenberg estate Sunnylands in Rancho Mirage, 1965. One of the signatures of his architecture are park-like settings like Canyon Club Estates.(1) (more…)
Clients of mine, recently re-sent me an email I sent to them, regarding helping them decide whether or not they should buy a particular mid-century house in the Palm Springs Racquet Club Estates neighborhood, back in 2009. Having lived in this neighborhood and having sold about 100 homes over the years with The Paul Kaplan Group, I’ve learned a lot about the pros and cons of house orientation. They thanked me again and said this email explanation did help them decide on their house- and 3 years later, they agree that what I said was true! (thank God!!) Here’s the email:
“I’ll give you my two cents about views from what I’ve learned over the years and experienced.
If you’re on the West side of the street, you do have a direct mountain view from your back yard. However, you’ll be looking at the view thru the power lines. If you’re on the East side, the front of the house has an amazing view and from the back yard tanning deck, you’re looking at the view without the wires in the way. The way this house sits, you don’t see the wires from the house when looking in the back yard, because you really don’t look up.
On this house (if it was restored to the original) the clerestories in the three bedrooms would capture the western mountain view dramatically- it almost looks like framed art. Additionally, many people have created courtyards in the front of the house to take advantage of the view and sunsets.
Regarding living here full time as you eventually plan, orientation becomes even more important. Every orientation has an advantage. I can tell you from personal experience, a West facing view in the spring & summer is not so great…the afternoon sun is so intense, you rarely ever get a chance to actually LOOK at the view because the sun is always in your eyes. Additionally, with the heat, your pool will cook, and it will be uncomfortable to lay out in the back yard. Otherwise, you can build a huge overhang (like the house on Starr) to block the sun- but then doing that, you lose the view anyway because it will be blocked.
Planning Your Palm Springs Racquet Club Estates Views
Also, in Palm Springs Racquet Club Estates, if your back yard faces West, you’ll get more wind during the windy season- with it facing East, the house will block some of that wind and make it a little more tolerable. What many people have done with an East facing back yard, is build a courtyard in the front yard and open the bedrooms in the front. There’s a huge set back from the street, so there’s plenty of room for a courtyard on this house.”
Hope this helps!! If you have any questions about buying a home in Palm Springs, its orientation, wind, or anything else, please drop me a line or give me a call at 760-285-8559. The Paul Kaplan Group is a local boutique real estate company, that knows Palm Springs and provides the education you need that you can’t necessarily find about a neighborhood, on the internet! Hiring a local expert can help you make the right decision about your home purchase.
The following article was posted on the National Association of Realtor’s website. This article echos whats going on in Real Estate in Palm Springs as well- sales have been robust this past year- we’ve suddenly entered into a period of extremely low inventory. Although we have not seen prices start to sky-rocket in Palm Springs, we are seeing multiple offers that are starting to drive prices North. Maybe the balance is shifting a little- regardless, hopefully its a good sign of economic recovery and a balance of the real estate markets in Palm Springs, as well as the entire United States.
WASHINGTON (April 26, 2012) – Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an upwardly revised 97.4 in February and is 12.8 percent above March 2011 when it was 89.9. The data reflects contracts but not closings.
The index is now at the highest level since April 2010 when it reached 111.3.
Lawrence Yun, NAR chief economist, said 2012 is expected to be a year of recovery for housing. “First quarter sales closings were the highest first quarter sales in five years. The latest contract signing activity suggests the second quarter will be equally good,” he said.
“The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions around the county, which means home prices will be rising in more areas as the year progresses,” Yun said.
The PHSI in the Northeast slipped 0.8 percent to 78.2 in March but is 21.1 percent above March 2011. In the Midwest the index declined 0.9 percent to 93.3 but is 16.9 percent higher than a year ago. Pending home sales in the South rose 5.9 percent to an index of 114.1 in March and are 10.6 percent above March 2011. In the West the index increased 8.7 percent in March to 108.0 and is 9.0 percent above a year ago.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.
NOTE: Existing-home sales for April will be reported May 22, the next Pending Home Sales Index will be released May 30 and first quarter metro area home prices will be released May 9; release times are 10:00 a.m. EDT.
Information about NAR is available at www.realtor.org. News releases are posted in the website’s “News and Commentary” tab. Statistical data in this release, as well as other tables and surveys, are posted in the “Research and Statistics” tab of www.realtor.org.
The Paul Kaplan Group are proud sponsors of the Palm Springs Modernism Week. The 2012 Palm Springs annual Modernism Week celebration, was recently held in February- Reports are out, and officials estimate the 11-day event generated $10.9 million, up from $7.7 million the previous year.
The seventh annual event also saw a 40 percent increase in attendance, with 35,400 people attending from more than 39 states. Additionally, officials said 86 percent of participants were from outside of the Coachella Valley.
We talked to people from all over the US as well as other countries, excited and passionate about mid-century modern architecture, and what Palm Springs has to offer. This year’s event drew visitors from Canada, China, England, France, Germany, Japan and the Netherlands, per officials.
Some 300 volunteers helped put on more than 90 events, from home tours, films and lectures to fashion shows and receptions. As an annual sponser of the event, we had record attendance at the Modernism Show booth we hosted as well as our open houses.
And if you’d like to own a piece of Palm Springs Modernism for yourself, we’d be happy to assist you! Check out our website at www.PaulKaplanGroup.com
Palm Springs is very excited to be so much more accessible to New Yorkers (who are not known for having the nicest Winters of late)! Virgin Airlines will now be offering service to Palm Springs from New York with a single stop in San Francisco with same-plane-links. This new route will begin December 15.
The bad news for the housing market sometimes seems like it will never end. In the last round of housing data, home prices continued to drop as did the number of home sales. Foreclosures remain a major weight dragging down everything, and then there’s the massive shadow inventory of distressed homes that will create more supple overflow as they are brought on the market. Add up all of that, and suggesting now is a good time to buy a home is probably less popular than supporting Anthony Weiner. But along with all the bad news are in fact some compelling reasons for getting serious about buying right now. For example, home prices have come down so far in many markets it now makes the cost of buying a better financial deal than renting.
The last month has continued to prove busy even as the high season has come to a close. June started off right with a successful short sale closing on a cute mid-century modern house in Rancho Mirage Cove. This house was exactly what the client was looking for, but short sales can be a challenge- both for the seller and the buyer. Time is of the essence in most sales, but this was moreso the case in this instance: The client was renting a house locally, and had sold her business in another city, and was very nervous that the sale would not close in sufficient time. I gave the client weekly updates on her purchase, and even showed her some additional properties in the meantime to alleviate her anxiety. We both visualized a happy outcome, and sure enough, it came. She is now living in her wonderful new home! I have a great deal of respect and admiration for her to go after the things that she wants in life, and my clients are often an inspiration for me.
Great video from the CBC. The Looney is at an all-time high, with many homes that formerly would have cost Canadian buyers two million Canadian Dollars are now available for one million Canadian or less! We’re experiencing it in our office, too, as Canadian snatch up fabulous properties! Watch the full video: Canadian Buyers in Palm Springs Land Grab