Palm Desert Country Club Real Estate Market Update for May 2018

On May 10, 2018 the City of Palm Desert granted final approval for the development of the former Executive Course at Palm Desert Country Club. The owners of the golf course have stated that they expect to break ground this year, in October or November of 2018.

It should be interesting to see how this development will impact the value of existing homes in the neighborhood. I have recently sold homes (here and here) on the Executive Course, with full disclosure of the development, and I still received multiple offers. So, if you are considering selling, I have a proven formula no matter the situation. Also, some people prefer the privacy of not being on a golf course.

The chart below shows the home sales activity in the neighborhood for the month of May 2018 (and the preceding 12 months for comparison). As you will see prices are down a bit for last month, but the volume (number of homes selling) is consistent with previous years.

The final selling prices for the month of May ranged from a low of $253,000 at 77302 Missouri Drive (where I negotiated a sweet deal for my buyers) to a high of $283,000 at 77310 Indiana Avenue (which is not on either course and does not have a private pool).

NOTE: I have a 2 bedroom listing coming up on Indiana Avenue, which is also on neither course with a fenced yard, if anyone is interested.

To see everything that’s currently for sale in the neighborhood, click here.

If you have any questions, do not hesitate to contact me.

Month

# of homes sold

Average Days on Market

Average ORIGINAL Asking Price Average FINAL Selling Price # Sold AT Original Asking Price

# Sold OVER Asking

May 2018

7

63 $288,333 $270,571

April 2018

6

61 $312,250 $302,500

1

March 2018

11

78 $304,664 $294,182 1

1

February 2018

8

60 $331,238 $316,938

1

January 2018

3

92 $316,950 $296,667

1

December 2017

8

40 $292,600 $291,750 2

1

November 2017

7

48 $293,571 $287,276 2

1

October 2017

6

83 $293,333 $272,333 1

September 2017

11

103 $291,245 $274,545

2

August 2017

6

86 $283,567 $276,167 1

July 2017

4

74 $294,725 $289,250

June 2017

13

75 $265,854 $254,992 1

2

May 2017

6

54 $298,767 $288,650 1

FIND ME ONLINE:
KelleyEling.com     facebook     twitter     youtube     linkedin     zillow     trulia     yelp     activerain

Check out the birds, singing away, on Alabama Avenue:

Categories: Market Updates, palm desert, palm desert country club, Real EstateTags: , , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s