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Rancho Mirage, CA Real Estate News

By Stephen (Steve) Love
(Bennion Deville Homes (Formerly Windermere Real Estate) - Palm Springs Area)
As mentioned in our previous blog "Short Sales Revisited", the Obama Administration is planning on implementing strategies to streamline the short sale process which is long overdue and hopefully takes away the stress and frustration that up until now is customary with the short sale process.  Can hardly wait ! Even with the experience we have in Short Sales, it is often very time consuming and frustrating. This new plan is a welcomed necessity. The following is a quick primer about Short Sales and the proposed "Plan" : What is a short sale? A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements w...
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By Bill Morgner
(The Morgner Group - HomeSmart Professionals Palm Springs)
So today I begin my journey on active rain.  Over the weekend I had the privilege of meeting an incredible number of quality people at my open house on both Saturday and Sunday at 276 Neutra St. in Palm Springs exclusive gated community called ALTA.  One thing that was consistent on everyone's minds- and what they continued to express to me is their hope that the real estate market in Coachella Valley, Palm Springs, Rancho Mirage, Palm Desert, La Quinta, Indian Wells has hit bottom.   Well, if I use the small community of ALTA as a barometer, I would say that it has!  Over the past 45 days, we have had 2 closings and 1 go into escrow- after 1 solid year of no activity.  AND it's AFTER SEASON!  The canadian investors have flown home, and it is almost all locals at this point, and sales a...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
Mark your calendars as Saturday, May 2nd 2009, The Desert Lexus 17th Annual Music Festival will be returning.  With a number of terrific performers and a magnificent setting to enjoy it at, this is one event you do not want to miss.  Rancho Las Palmas Resort and Spa will be playing host to the music festival this year.  It is the perfect hotel of choice for families and couples looking for a relaxing and enjoyable time in the Southern California desert.  The resort rests on the heels of a magnificent $35 million makeover.  It has been specially remade for the 21st century traveler looking for the ultimate experience. There are different packages and tickets you can look into purchasing.  Tickets can be purchased through the McCallum Theatre box office.  IN addition, they will be sold on...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
Agua Caliente Casino located in Rancho Mirage, California is one of the premier hotspots for all sorts of entertainment.  The non-stop gaming action will have you energized and playing all night long, and the other amenities that are available will leave you extremely satisfied.  This resort was rated as one of the best in the entire region.  Agua Caliente Casino has it all.  Read on to find out what awaits you at this luxury destination. What are the basic features of this resort?  Agua Caliente Casino offers great slots play and gaming tables.  There are a wide variety of poker rooms on top of this.  Don't forget to check out the Paradise Jackpots, an exclusive promotion that transforms every slot machine into the possibility of a gold mine.  Try out the first-class video poker bar as...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
Bella Clancy History No matter where you live, it's always more interesting when there is a historical story to tell. The residents of Bella Clancy are fortunate as their history is steeped in the tradition of old world charm that has been brought forward into modern times. Bella Clancy sits within a historical foundation of home and earth. In the past, it was simple elegance that governed over the residents of Clancy Lane where Bella Clancy now sits. Good times with good friends, home and earth are in abundance. All around where the trappings of an equestrian and agricultural society who spent their off time developing a community that has always been attractive to the intellectual crowd. Business people, entertainment industry titans, sophisticates and artists all made pilgrimages to ...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
If you are looking for a golfer's dream then look no further than the Mission Hills Country Club. It offers four putting greens, three championship courses, which have fifty-four holes, a grass driving range and practice facilities that offer full-service. This club feels like a resort with its twenty-nine tennis courts, national award-winning croquet courts, a clubhouse and a luxurious sports complex that is over 17,000 square feet. You can also find a 55,000 square-foot clubhouse, and a special pool complex. From the clubhouse the scenery is absolutely stunning with the desert and mountain views. Mission Hills Country Club offers something for every member with entertainment year-round, and a calendar of events and social activities. Along with your membership you will get associate c...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
The city of Rancho Mirage is located in the Coachella Valley in the shadows of the Santa Rosa Mountains. The Rancho Mirage became a part of the Palm Spring real estate scene in the 1940's, when the Magnesia Falls area was established. Popularity grew with the coming of the Tamarisk Country Club and the Thunderbird Country Club. The town of Rancho Mirage was incorporated in 1973 and has grown to a population of around 17,000. This resort town also boasts an additional 13,000 residents during the winter months, as Snowbirds migrate to the south to enjoy the warm California sunshine. Only ten miles from Palm Springs, this mostly residential town was once the home of the Agua Caliente band of the Cahuilla Indians. After the Civil War, this beautiful, unpopulated area was used as a trail thr...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
The Clubcorp Charity Classic: Celebrating a Legacy, the amazing social charity event and the largest in the world is nearing. This is an annual one day charity event of golf, tennis and dining. More than 160 golf clubs in the country, sports and business clubs and country clubs participate in this second annual "ClubCorp Charity Classic: Celebrating a Legacy". The golf courses and tennis facilities are open to the enchanting sports lovers for mesmerizing extravaganza of golf and tennis accompanied with grand dining. It is estimated that more than 25, 000 participate in this annual grand occasion. You can register with the Mission Hills Country Club, Rancho Mirage in California to participate in this extravaganza. The Clubcorp has introduced a grandeur get-together for the people naming...
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By Elaine Stewart, RE/MAX All-Pro
(Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 )
You cannot talk about the Coachella Valley without mentioning Rancho Mirage, which is located toward the East, here you will find yourself in the splendorous community. With under the back drop of tall mountains only transverse able by the Mountain Ram, which looks just like the hood ornament of the Dodge Ram pickup. The wildlife in the area is hearty and well adapted for the terrain. Rancho Mirage is also home to former Presidents and actors, along with residents that thoroughly enjoy the neighborly ways encouraged here. One quick drive around town and the reason is quite obvious why they have chosen to make Rancho Mirage their homes.   With the promise of safety and privacy in gated communities and upscale country clubs, here you can experience The River at Rancho Mirage for all your ...
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By Sue Margiotta
(Power Brokers International)
321-Rancho Mirage Year 2007 StatsResidential 2- Bedrooms3 Bedrooms4 Bedrooms5+ BedroomsAll Bedrooms     Sold#Units11934213820619 Dollar Value$46,340,060$236,620,398$170,167,903$40,817,000$493,945,361 Average List Price$414,677$732,417$1,310,992$2,227,245$848,618 Average Sold Price$389,412$691,873$1,233,101$2,040,850$797,973 Average Market Time96109121132110 % of List Price93.9194.4694.0691.6394.03  Not Pending or SoldDollar Value$46,340,060$236,620,398$170,167,903$40,817,000$493,945,361 Average List Price$414,677$732,417$1,310,992$2,227,245$848,618 Average Sold Price$389,412$691,873$1,233,101$2,040,850$797,973 Average Market Time96109121132110 Average Square Feet14122509359255882639 % of List Price93.9194.4694.0691.6394.03  
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By Nancy Hankin
(RE/MAX Real Estate Consultants)
Just a few days ago, President Gerald Ford died at his longtime Rancho Mirage home.  He was 93.  Today, the nation watched the 2nd day of tributes.  Highway 74 was lined with Palm Springs area residents.  Many of the residents had signs to help communicate their wishes to the family and to say goodbye to the 38th President of the United States.  The Palm Springs area became home to President Ford after he left the White House.  President Ford and Betty Ford help populate our beautiful valley and really put us on the map.  Betty Ford established her renowned dependency center in Rancho Mirage.  The Betty Ford Center is still a prominent center for any one with drug or alcohol dependency issues.   President Ford and Mrs. Ford have allowed all valley residents to feel we have a little some...
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