Featured Community: Rancho La Quinta Country Club

This is the first in a series of descriptive blogs on individual Desert Golf Course Communities in our area. Each week we will be featuring a different community.

This weeks featured community is Rancho La Quinta Country Club.Rancho La Quinta Country Club

Rancho La Quinta Country Club is a luxury golf and tennis community of 980 homes established by T.D. Desert Development in 1994 on over 700 acres in La Quinta, California. There are approximately 60 homes currently on the market, ranging from $500,000 to $2,000,000.

The Country Club is comprised of two world class golf courses designed by Robert Trent Jones, Jr and Jerry Pate. The courses have previously hosted the PGA Tour’s ever popular “Skins Game” and have recently changed over from “Bentgrass” to “Bermuda” grass to better serve golfers in the desert climate. The 23,000 square foot clubhouse has a main dining room, private dining room, full service clubroom/bar, men’s and women’s locker rooms, Pro Shop and “The Turn” for a quick bite for golfers.

Rancho La QuintaThe property also has a premier Racquet Club and Pool complex with 9 lighted courts including 2 clay courts as well as stadium seating on center court. The Racquet Club features a Tennis Shop, men’s and women’s locker rooms, a fitness center with state-of-the-art exercise equipment offering Kinetix Health & Performance Center services including certified personal trainers, fitness classes, nutrition counseling, physical therapy, massage therapy and spa treatments. In addition, The Racquet Club features “The Cantina” for breakfast, lunch and dinner service. Patio dining is also available courtside or poolside. The main pool at The Racket Club is a Junior Olympic size. Additionally there are several community pools and spas located throughout the community. The Racquet Club coordinates very popular leagues for Bocce Ball and Pickleball.

Rancho La Quinta Country Club is one of many golf clubs mentioned in our Golf Resource Guide. This guide outlines golf club prices, locations and home price ranges.

 

[maxbutton id=”1″]

 

La Quinta Real Estate Sales Analysis (Summer, 2014)

The City of La Quinta, year-to-date unit sales for 2014 are 18% lower than 2013. As you can see from the graph below, each month in 2014 has fallen behind the previous year. The second quarter of 2014 was the worst with 28% less sales than the second quarter of 2013. During 2014, we have had a very tight inventory of homes for sale which is a major contributor to the decrease in sales this year.

The summer of 2014, (3rd quarter – July, August and September), was the worst summer quarter for La Quinta since 2007. The quarter that just ended recorded La Quinta sales of 266 homes, a drop of 15% over the same quarter in 2013 (314). Just to keep this in perspective, 2013 was the best year since the “bubble” burst in 2005.

What we have noticed here in the Coachella Valley was that during the late fall of 2013 and the first quarter of 2014 there was a noticeable increase in the number of American buyers and a decrease in Canadian buyers. The number of buyers at that time, coupled with a very low inventory, caused prices to begin to rise substantially in many developments. Toward the beginning of the second quarter, there seemed to be a change in buyer attitude and prices leveled off and even declined slightly. This malaise which has been caused by the tight inventory, and the investors not liking the increase in pricing, has malingered for the rest of the year. We are hoping that after the election and as we enter the selling season, we will see more inventory and then sales again pick up.

 

allunitssold9-14 golfunitssold9-14 All-PSQFT9-14 Golf-PSqFt9-14 Bubble9-14

This is a graph of the Real Estate “Bubble”. The red line represents the normal historical Real Estate appreciation rate of 4.5%
Here are some yearly sales figures (units) for the City of La Quinta from 2002:
Year – All LQ – Golf Course
2002 – 1,356 – 259
2003 – 1,572 – 640
2004 – 1,938 – 785
2005 – 1,563 – 638
2006 – 1,118 – 483
2007 –   942 – 444
2008 – 1,076 – 405
2009 – 1,202 – 409
2010 – 1,360 – 518
2011 – 1,446 – 510
2012 – 1,532 – 587
2013 – 1,537 – 567
2014 – 1,000 – 474
YTD (Sept)

* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.

For more information about the Coachella Valley Real Estate market,
Please call us at (760) 203-2621!

Source: DesertAreaMLS

July, 2014 Sales Analysis

Here are the latest sales numbers for all homes sold within the City of La Quinta as well as all Golf Course homes in La Quinta from January, 2008 through July, 2014.

The inventory of “Active Listings” in the Coachella Valley decreased again from June to May which is usual as we enter the summer season. The number of Sold units decreased over the same period last year (July, 2013) which is the trend for the summer months. The main reason is that the inventory has decreased in June and July. The pace at which real estate prices increased in the October to January period seemed to slow to a more normal rate in February through July. The price rise slowed as did the home sales. The activity in the million dollar+ market seems to have picked up but prices have not increased as much as they have for the under a million dollar homes. The national real estate market been a little fluky over a leveling off in the late spring where the national sales actually dropped in August. Our market in the Desert usually slows during our hot summer months and the blogs and statisticians are still predicting a strong national 2015 market so we are looking forward to a great 2015 season.

allunitssold7-14

golfunitssold7-14

All-PSQFT7-14

Golf-PSqFt7-14

 

 

Below is the chart depicting the “bubble” in sales versus the historical 4.5% annual appreciation. As predicted by the National Association of Realtors back in 2005. It will be interesting to see how close the actual sales prices stay to the “Normal Appreciation” line in the coming months. One of the reasons for the recent price increases is that we have seen more American buyers in the market than in the past few years which is a sign that our economic outlook seems to be improving.

Bubble7-14

Here are some yearly sales figures (units) for the City of La Quinta from 2002:
Year – All LQ – Golf Course
2002 – 1,356 – 259
2003 – 1,572 – 640
2004 – 1,938 – 785
2005 – 1,563 – 638
2006 – 1,118 – 483
2007  –  942 – 444
2008 – 1,076 – 405
2009 – 1,202 – 409
2010 – 1,360 – 518
2011 – 1,446 – 510
2012 – 1,532 – 587
2013 – 1,537 – 567
2014  –  924 – 450
YTD
* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.
For more information about the Coachella Valley Real Estate market, Please call us at (760) 203-2621!

Source: DesertAreaMLS

June, 2014 Sales Analysis

Here are the latest sales numbers for all homes sold within the City of La Quinta as well as all Golf Course homes in La Quinta from January, 2008 through June, 2014.

The inventory of “Active Listings” in the Coachella Valley decreased again from May to June which is usual as we enter the summer season. The number of Sold units decreased significantly over the same period last year (June, 2013) which was the best month since 2008. The main reason is that the inventory has decreased in May and June. The pace at which real estate prices increased in the October to January period seemed to slow to a more normal rate in February through June. The price rise slowed as did the home sales. The activity in the million dollar+ market seems to have picked up but prices have not increased as much as they have for the under a million homes. The national real estate market continues to improve over a leveling off in the late spring. This is good news as the Desert usually follows somewhat behind the national market so we are looking forward to a great 2015 season.

allunitssold6-14

golfunitssold6-14

All-PSQFT6-14

Golf-PSqFt6-14

Below is the chart depicting the “bubble” in sales versus the historical 4.5% annual appreciation. As predicted by the National Association of Realtors back in 2005. It will be interesting to see how close the actual sales prices stay to the “Normal Appreciation” line in the coming months. One of the reasons for the recent price increases is that we have seen more American buyers in the market than in the past few years which is a sign that our economic outlook seems to be improving.

Bubble6-14

Here are some yearly sales figures (units) for the City of La Quinta from 2002:
Year All LQ Golf Course
2002 1,356 259
2003 1,572 640
2004 1,938 785
2005 1,563 638
2006 1,118 483
2007 942 444
2008 1,076 405
2009 1,202 409
2010 1,360 518
2011 1,446 510
2012 1,532 587
2013 1,537 567
2014YTD 739 380

* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.
For more information about the Coachella Valley Real Estate market, Please call us at (760) 203-2621!
Source: DesertAreaMLS

May, 2014 Sales Analysis

Here are the latest sales numbers for all homes sold within the City of La Quinta as well as all Golf Course homes in La Quinta from January, 2008 through May, 2014.

The inventory of “Active Listings” in the Coachella Valley decreased from April to May which is usual as we approach the summer season. The number of Sold units decreased significantly over the same period last year (May, 2013) which was the best month since 2008. The main reason is that the inventory has decreased in April and May. The pace at which real estate prices increased in the October to January period seemed to slow to a more normal rate in February through May. The price rise slowed as did the home sales. The activity in the million dollar+ market seems to have picked up but prices have not increased as much as they have for the under a million homes.allunitssold5-14

 

golfunitssold5-14

 

All-PSQFT5-14

 

Golf-PSqFt5-14

 

Below is the chart depicting the “bubble” in sales versus the historical 4.5% annual appreciation. As predicted by the National Association of Realtors back in 2005. It will be interesting to see how close the actual sales prices stay to the “Normal Appreciation” line in the coming months. One of the reasons for the recent price increases is that we have seen more American buyers in the market than in the past few years which is a sign that our economic outlook seems to be improving.

Bubble5-14

 

Here are some yearly sales figures (units) for the City of La Quinta from 2002:

Year

All

LQ Golf Course

2002

1,356

259

2003

1,572

640

2004

1,938

785

2005

1,563

638

2006

1,118

483

2007

  942

444

2008

1,076

405

2009

1,202

409

2010

1,360

518

2011

1,446

510

2012

1,532

587

2013

1537

567

2014 YTD

650

335

* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.

For more information about the Coachella Valley Real Estate market, Please call us at (760) 203-2621!
Source: DesertAreaMLS

 

Spring 2014 Sales Analysis

Here are the latest sales numbers for all homes sold within the City of La Quinta as well as all Golf Course homes in La Quinta from January, 2008 throughApril, 2014.

The inventory of “Active Listings” in the Coachella Valley increased slightly from January through March but then slowed slightly in April as we approached the end of the “season”. The number of Sold units rose even more making the real estate market in La Quinta move to a normal market status of a 6 month supply. One of the reasons was that although the sales increase in February was lower than expected, the increase in March was higher than expected and fell off slightly in April. The pace at which real estate prices increased in the October to January period seemed to slow to a more normal rate in February and March. The price rise slowed while the home sales increased. The activity in the million dollar+ market seems to have picked up but prices have not increased as much as they have for the under a million homes.

allunitssold4-14

 

golfunitssold4-14

 

All-PSQFT4-14

 

Golf-PSqFt4-14

 

Below is the chart depicting the “bubble” in sales versus the historical 4.5% annual appreciation. As predicted by the National Association of Realtors back in 2005. It will be interesting to see how close the actual sales prices stay to the “Normal Appreciation” line in the coming months. One of the reasons for the recent price increases is that we have seen more American buyers in the market than in the past few years which is a sign that our economic outlook seems to be improving.

Bubble4-14

 

Here are some yearly sales figures (units) for the City of La Quinta from 2002:

Year

All

LQ Golf Course

2002

1,356

259

2003

1,572

640

2004

1,938

785

2005

1,563

638

2006

1,118

483

2007

  942

444

2008

1,076

405

2009

1,202

409

2010

1,360

518

2011

1,446

510

2012

1,532

587

2013

1537

567

2014 YTD

514

262

* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.

For more information about the Coachella Valley Real Estate market, Please call us at (760) 203-2621!
Source: DesertAreaMLS
CATEGORIES: BUSINESS OF REAL ESTATE, FORECLOSURES, LA QUINTA COMMUNITIES, LA QUINTA HOME FOR SALE, MONTHLY SALES REPORTS, PRICE ANALYSIS, SHORTSALES
TAGS: CHRISTIES INTERNATIONAL REAL ESTATE, CITY OF LA QUINTA, COACHELLA VALLEY GOLF, GALLAUDET PROPERTIES, HK LANE REAL ESTATE, LA QUINTA, LA QUINTA GOLF, LA QUINTA GOLF PROPERTY, LA QUINTA HOME SALES, LA QUINTA REAL ESTATE, SALE REPORT

 

 

 

 

 

 

 

 

 

 

 

 

Everything World Class, Even the Health Care

Visitors to La Quinta and the Palm Desert area expect five-star accommodations, excellent dining and a full-time concierge. And with the number of Hollywood celebrities that make their way here, rolling out the “red carpet” (literally) is a common occurrence.

Renker Pavilion
Renker Pavilion

However, in other parts of the nation that level of customer service isn’t generally associated with a medical center.

We’re blessed to have the Greg and Stacey Renker Pavilion at the Eisenhower Medical Center. Of course no one looks forward to spending time in a hospital like they do a vacation resort, but it’s great to know an upscale facility like this is available in our area.

Our family got a first-hand look at what they do at the Renker Pavilion recently when my husband, Tom, went in for back surgery. To say we were impressed by the level of care, the quality of the food, the privacy and all the amenities would be an understatement. As we navigated through the challenges that Tom’s surgery gave us, the care and support we received at the Renker Pavilion made a huge difference in our lives.

Renker Pavilion
Renker Pavilion – Guest Lounge

Access to excellent medical care is becoming increasingly important to families and individuals as they decide where they want to live. Newspaper headlines have shown us that there are some corners of our nation that are underserved by the health care system.

Fortunately, residents in La Quinta don’t have that problem. Top quality medical facilities are abundant and the Greg and Stacey Renker Pavilion might just be the “bloom” on the desert rose. It truly sets the standard for personal service and comfort as well as individualized medical care in the health care industry.

Giving back to the community
I might also mention that the Renker Pavilion exists because of the hard work and dedication of Greg and Stacey Renker. Both found themselves fighting life-threatening illnesses. They were so grateful for the treatment and heartfelt care they received at the Eisenhower Medical Center that they decided to spearhead the founding of this very special facility. Community spirit and philanthropy are a big part of life in the desert.

Renker Pavilion
Renker Pavilion – Guest Room

Many of us who love the fact that we have so many golf courses to choose from here also appreciate the fact that we have great health care options, like the Renker Pavilion at the Eisenhower Medical Center.

Maybe someday we should publish a map with health care resources just like we have our golf resource guide. What do you think? By the way, our golf guide is free and you can get it just by clicking the button at the bottom of this page. It gives you a great overview of La Quinta, Palm Desert, Indian Wells, Indio and neighboring areas.

If you’re looking for real estate on or near a specific course, it will get you off to a great start in your house hunting. We’d recommend using our powerful search feature as your next step, or grab the phone and give us a call.

The Citrus Club
The Citrus Club

La Quinta real estate
You’ll find that just as the Renker Pavilion sets the standard for catering to the needs of its patients, the country clubs in our area set the standard for satisfying their members. One that comes to mind is The Citrus Club at La Quinta Resort.

The amenities are incredible, including its three courses, a great pool, tennis, spa, fitness center and more. Homes in The Citrus at La Quinta are equally outstanding and a number of prime properties are available right now.

You can probably tell that we’re in love with this area and we truly enjoy sharing it with others. Give us a call and let us introduce you to the possibilities.

[maxbutton id=”1″]

Narrow Fairways, Broad Real Estate Options

The names Arnold Palmer gave the fifth through tenth holes on the course he designed at PGA West here in La Quinta, speak volumes. They start with “Intimidator” at number five and continue to “Monster” at the tenth.

PGA West Golf Course
PGA West Golf Course

They certainly present a challenge for most of us amateurs, but even more than that, they represent the wide variety of courses that are available to golfers in La Quinta and the surrounding communities.

You can dial in virtually any “degree of difficulty” that suits your playing level. This diversity gives the homeowner another advantage. If you’re planning to move here, you’ll probably discover fairly quickly that your home will be a popular destination for visitors—your family and close friends.

And if one weekend you have a newbie to the game visiting, you can head to a course that matches that skill level. Next, when you have scratch players come into town, you can set them loose on courses that will test exactly how long and accurate they are.

See your golf options
To get a very detailed overview of your golf options—including both public and private courses—be sure to download our free golf guide. It gives you all the critical information you need and even serves as a general Palm Springs country club membership guide. The link is at the bottom.

PGA West Property
Private Residence at PGA West Stadium

Now let’s tie two of our main interests together—golf and real estate. If you’re a golfer you want to see your numbers go down. If you’re a property owner, you like to see your numbers go up. Rising property values are good for owners and they reflect a healthy market.

Recent reports show a strong market for both new and existing homes in La Quinta, Indian Wells and the general Palm Springs area. Year-to-year figures show that new home sales were up 19 percent in the Coachella Valley in February and median prices rose by about 25 percent for homes and condos.

Explore the communities
Solid figures like these are always reassuring for a community and a positive sign for prospective buyers. Further, with the variety of communities in the La Quinta real estate market, you always have a lot of properties to choose from.

Puerta Azul
Puerta Azul in La Quinta

For example, within the gates of La Quinta Resort there are six communities, including The Mountain Estates and The Enclave, both of which feature large custom homes, as well as La Quinta Resort Spa Villas, which are condos near the spa. So, there are properties for virtually every budget and lifestyle.

And if living in a golf course community isn’t critical for you, you’ll want to check out luxury gated communities such as Painted Cove, Puerta Azul, Hidden Canyon, Talante and others.

So download our guide, look it over and give us a call. I think you’ll enjoy our positive and relaxed approach to helping you find the perfect property in La Quinta or the greater Palm Springs area.

[maxbutton id=”1″]

Desert and Home Sales Blooming!

Some newcomers to desert living are surprised by the varied pleasures each season brings with it. Over the last several weeks many of our neighbors have been keeping an eye out for the spring desert bloom.The Citrus Club

A wide range of desert wildflowers, cacti, trees and shrubs burst into blossom each year and for the observant desert dweller, it provides a lot of beauty and adventure. The time to start looking is generally in March and the show can run through much of April. There are several websites that keep people posted on what’s blooming where.

Visit a local garden
Another way to learn about the plants you see as you cruise around the area, is to visit the gardens at The Living Desert. In one place you’ll discover the diversity of the native plants. Give them a call to see what’s blooming so you can time your trip to maximize the colorful show.

Of course, the weather that prompts our seasonal bloom encourages other activities in La Quinta, Indian Wells, Palm Desert and the greater Palm Springs area. To say that it’s perfect golfing weather would be something of an understatement. Further, the weather that makes it ideal for hitting the links also amps up the interest in owning property on or near one of the renowned courses that we have in our area.

Take a home tour
While the real estate professionals at Gallaudet Properties enjoy an occasional hike to explore the local wildflowers, more often you’ll find us exploring new home listings with our clients, trying to find the perfect property. At this time of year, the desert blossoms with both buyers and sellers, if you’ll excuse a fairly bad play on words. Also, unlike the wildflower display, the golf courses are here for us to enjoy virtually every day, all year long.

La Quinta Resort
La Quinta Resort

The La Quinta Resort membership, which includes the private Citrus Club, alone has 3 golf courses – 1 private and 2 semi-public. Along with that there are tennis courts and a spa for members and/or resort guests to enjoy. And for the home buyer, there are 10 gated communities in the area nestled around those golf courses. That provides a lot of selection. Buyers can always find exactly the kind of property they are looking for and be on or near their favorite courses.

Get the latest info
Above I mentioned that you can have the latest news regarding the spring wildflower bloom sent straight to your email. If you’re a big fan of flowers and gardening, that’s a resource you’ll want to use. Google: Coachella Valley Desert Plants.

In much the same way, Gallaudet Properties has pulled together a golf resource guide. It’s free and will get you up-to-date on all the local courses and golf communities. You can get an overview where they are all located as well as information on private course membership fees and monthly dues.

It’s must-have information for anyone considering a move to the La Quinta, Palm Desert, Rancho Mirage, Indian Wells and Indio area. Download it today.

[maxbutton id=”1″]