Yes, there are still hot real estate deals to be had in Palm Springs-  This home is located in Racquet Club Road Estates-  it was built by the famed Alexander Construction Company around 1960, and designed by William Krisel, FAIA.

For the buyer that has vision, wants a project and enjoys remodeling, then this house definitely has potential.  It is a Short Sale, which means it is subject to the Bank’s approval-  however we’ve been very successful lately at the Modern Real Estate Group in closing these types of deals.

Because we haven’t seen these homes come on the market in this price range for a long time, I’m pretty sure there will be a lot of interest! So if you or anyone you know is interested, please have them call me at 760-285-8559.  (Listing Courtesy of Prudential California Realty)

Check out the August update for home sales by the California Association of Realtors’ cheif economist:

http://videos.car.org/mediavault.html?menuID=1&flvID=10

California home sales and price edge up from July
California home sales edged up 1.8 percent in August compared with July, but were down 14.9 percent from August 2009, C.A.R. reported today. The statewide median home price also increased 1.2 percent from July and was up 8.6 percent from a year ago.

“Buyers who are holding out should consider the opportunities in today’s market,” said C.A.R. President Steve Goddard. “Favorable home prices and interest rates at or near historic lows make housing affordability the best in recent memory. Anyone who is in a position to buy a home should do so before either of these key factors rise.”

The statewide median home price posted its 10th consecutive year-over-year gain in August. The median price of an existing, single-family detached home sold in California during August 2010 was $318,660, an 8.6 percent increase from the revised $293,400 median price recorded in August 2009, C.A.R. reported. The August 2010 median price was up 1.2 percent compared with July’s $314,850 median price.

“The housing market is transitioning from the conclusion of the housing tax credits as is evidenced by stronger home sales in the higher-price range and weaker sales in entry-level homes and condominiums, which are typically favored by first-time home buyers,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “As a result of the strength in the upper-end market and inventory levels that are higher but still lean by average, we’re seeing home prices holding steady.”

If you’ve thought about taking advantage of current conditions by buying a home in Palm Springs, please give us a call, we’d love to help you out! 760-285-8559 Modern Real Estate Group

I put together a quick search by price for those looking for a mid-century home in Palm Springs.  Pick your price range, and click the appropriate link-  and you’ll see the current homes for sale in Palm Springs.

Quick Mid-century Home Searches:

< $100,000
$100,000 to $200,000
$200,000 to $300,000
$300,000 to $500,000
$500,000 to $800,000
$800,000 to $1,000,000
$1,000,000 to $2,000,000
>$2,000,000

Below are the latest stats for the Racquet Club Road Estates neighborhood in Palm Springs.   The trend is showing increased inventory however, the prices have been going up over the past 6 months. 

(Median sales price from 10/09 to 1/10 was $280,000.  Median  sales price for the last 3 months was $302,000)

These stats show what’s been going on in the past 3 months:

Total sales:  8

Total active listings:  24

Months considered to take to absorb all the listings:  8.99

Median Sales Price:  $302,000

Median days listing are on the market:  56

Median sales price as a % of list price:  96.25%

For more detailed info, see the chart below.  If you have any questions, feel free to contact me!

Click Here for a list of current listings available in the Racquet Club Road Estates neighborhood and vicinity.

Sunmor Estates Home Tour

Saturday April 17, 2010 10 AM to 1PM

The Sunmor neighborhood consists of a collection of modernist atomic ranch style homes constructed in the late 50′s & 60′s, by the Alexander Construction Company and local builder, Robert Higgins. 

For more Sumor information, click here.

Not far from Palm Springs, can be found the latest design by prefab pioneer,  Jennifer Siegal of the Office of Mobile Design  whohas ventured inland to install its latest design, the Prefab Showhouse. Formerly located in Venice, CA where it served as OMD’s showroom for inquisitive clients, the diminutive modular maison was just recently moved from its coastal location to be installed in the desert community of Joshua Tree where it will be the new home to Hollywood film producer Chris Hanley.

The 720 sf, 1 bedroom home is located on a generous Joshua Tree-sized lot of 80 acres. Besides solitude, tranquility, and expansive views of the surrounding desert, the home offers the very best in new technologies and luxurious details. The central kitchen/bath core divides and separates the sleeping space from the public eating/living space in a compact assemblage of form and function. The steel frame structure was trucked into the site and simply set on a temporary foundation.

With this desert pied-a-terre, OMD proves that ideas of prefabrication, flexibility, portability and compact spaciousness can be combined to make off-the-grid living perfectly comfortable

See the full post.

Just got my tickets today!!  I’ve been wanting to see this house since I was a kid, visiting Palm Springs.  Here’s a great opportunity to check it out, and to join the Palm Springs Museum and the Arts and Design Council. 

The Arts and Design Council is holding its anual ADC Fundraiser – (6:00 PM – 8:00 PM – Saturday, March 20)

This is a rare opportunity to enjoy the spectacular Hope House at a cocktail reception with fellow ADC members. The enormous roof, which echoes the surrounding hills of Southridge, hovers over an expansive patio and garden area where Lautner’s dramatic architecture can be experienced. Invitations will be mailed to ADC members.

Fundraiser
ADC Fundraiser at the Bob & Dolores Hope House, designed by John Lautner
$200 per person (ADC members only)

To make reservations, please call Brooke Devenney at 760.322.4818 or email bdevenney@psmuseum.org

SEE YOU THERE!

Palm Springs : Better, Bolder, Beautiful from Palm Springs Tourism on Vimeo.

Cool video on improvements going on in Palm Springs!

Literally one of THE most architecturally significant homes in all the world. Known as The Elrod House, this John Lautner-designed home was commissioned by designer Arthur Elrod in 1968 and has been featured in numerous books, magazines and museum exhibitions. It is the iconic home perched at the very tip of the Southridge enclave, easily viewable throughout Palm Springs. Organic shapes, monumental construction and world class design create an extraordinary experience of space that Lautner himself described as ”timeless” architecture. The 60 ‘ wide circular living room has a conical dome that fans out in nine petals between nine clerestories angled up to bring in light. Retractable curved glass walls open the entire living room and pool terrace to panoramic views of Mt San Jacinto, Mt San Gorgonio and the full sweep of the valley below and mountain ranges beyond. The very rock of the ridge is incorporated into the design thru out the home

Great video from the James Bond classic featuring Thumber and Bambi, highlighting the John Lautner Elrod House in Palm Springs

007 and the Elrod House

Yours to enjoy for $13,890,000

Palm Springs Real Estate Just listed -  Located in the heart of Palm Springs, this mid-century home has been updated with all the 21st Century modern conveniences.  A resort style home with amazing mountain views.  Currently also used as a very successful vacation rental.

Yours to enjoy for $565,000.  Click the attached link:

Palm Springs Modern Hideaway