Real Estate Update for 1st Quarter 2025

ABOUT DW & ASSOCIATES

DW & Associates (AKA Diane Williams & Associates) serves as your community expert and lifestyle liaison providing exceptional service to homeowners, members, and potential buyers in Indian Ridge.

As the exclusive on-site real estate sales office at Indian Ridge Country Club, DW & Associates are uniquely positioned to provide unparallel expertise and customer service. Located in the main clubhouse, we work closely with membership to ensure your experience is both smooth and enjoyable. We are available 7 days a week and can show homes or provide a club tour with a moment's notice. We are proud to be one of the top two real estate teams in the Greater Palm Springs Area with over 1,200 transactions representing buyers and sellers for a sales volume of over 1 Billion. In Indian Ridge alone, we represented 786 buyers and sellers since 2004 with over $789,000,000 in sales volume making our team the top agents in Indian Ridge.

OUR SALES in the COACHELLA VALLEY

31

OUR SALES in INDIAN RIDGE

18

MILLION 2025 CLOSED VOLUME 22 2025 TOTAL TRANSACTIONS 2 2025 MLS RANKING 1,074 BILLION CAREER SALES

MILLION 2025 CLOSED VOLUME 13 2025 TOTAL TRANSACTIONS

1 2025 MLS RANKING

789

MILLION CAREER SALES

Dear Indian Ridge Residents,

I can’t believe we are already through the first quarter of 2025 and season is coming to a close shortly. Hope you have enjoyed everything our great community has to offer, sharing happy times with friends and family.

The real estate market continues to show signs of softness, a trend we’re seeing not just locally but nationally as well. Across the country we are seeing increased inventory, slowing home prices and longer days on market. With growing discussion about a potential recession, many are wondering how this could impact the housing market. While we can’t predict the future, historical data offers some insight. Interestingly, home prices actually rose during four of the last six recessions and mortgage rates came down in the last 6 recessions.

The national real estate trends we're seeing are closely mirrored here in the Coachella Valley. Each quarter, the California Desert Association of Realtors releases reports like our office does, and the patterns align with what we’re seeing across the country. Inventory has increased significantly, with 3,667 homes currently on the market a 52% jump compared to this time last year. The median price for detached homes is $11,000 higher than it was a year ago, while attached home prices have dipped by $10,000. Total sales have remained steady, hovering just above 600 units over the past two years. Our local reports reflect these same trends, offering detailed insights broken down by city and country club.

The first quarter of 2025 in Indian Ridge started off slowly but picked up momentum, ultimately aligning with the pace of Q1 2024. This year, we closed the 1st quarter with 15 home sales, just slightly above last year’s 14. Home prices have remained relatively stable overall, with an average increase of 7.5%. However, performance varies between property types: the HOA average price has decreased by 10.5%, while the PUD has seen a 17.5% increase. Inventory has grown, with 31 homes currently on the market compared to 20 during the same time last year, a 55% increase. This rise in available homes has extended the average days on market, leading to more frequent price reductions to attract buyers. Currently, the average days on market is 89 for HOA properties and 50 for the PUD. It's important to note that a few quick sales can skew these averages, and we are seeing some properties remain unsold for over 100 days. With increased inventory and longer market times, we may have transitioned into a buyer’s market something to keep an eye on in the months ahead.

As your trusted experts in Indian Ridge since 2015, we’re here to offer customized guidance that aligns with your property goals. Whether you’re buying, selling, or simply exploring your options, we’re committed to helping you navigate every opportunity in our real estate market. If you have any questions, please reach out to us, we’re always here to help. If we don’t see you this season, have a wonderful summer we look forward to reconnecting next season!

Warmest Regards,

Heather Wong

Heather Wong, Realtor®/Co-Owner

Indian Ridge Country Club Sales January 1, 2025 to March 31, 2025

Beige highlighted homes indicate DW & Associates Represented Buyer or Seller Blue highlighted homes indicate DW & Associates represented BOTH Buyer and Seller

All information gathered from the California Desert Association of REALTORS® FlexMLS is deemed reliable but not guaranteed. DW & Associates, Heather Wong DRE 01991637 | Equity Union DRE 01811831 www.DianeWilliamsAndAssociates.com | (760) 776-7070 | realestate@dwateam.com