Coldwell Banker Residential Brokerage 1081 N Palm Canyon Drive Palm Springs, CA 92262 Each office independently owned and operated.
LUCIO BERNAL
Old Las Palmas O L D L A S PA L M A S L I V I N G . C O M
Broker Associate | CalBRE# 01236217 CLHMS, Million Dollar Guild
310.383.2466
Lucio.Bernal@camoves.com
JON M. SMITH CalBRE# 01959566 ILHM Member
323.309.6416
JUNE 2018 R E A L E S TAT E MARKET REPORT
Jon.Smith@camoves.com
W W W. O L D L A S PA L M A S L I V I N G . C O M
WAITING CAN COST! HOW D OES WA I TI N G AFFEC T TH E S ALE OF YOU R H O M E A S I N T ER ES T R AT ES R I S E? Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!
IF INTEREST RATES RISE FROM 4.44% TO 5.1%...
LOAN AMOUNT
INCREASED COST
$1,000,000
$143,364
$3,000,000
$430,092
$5,000,000
$716,819
$8,000,000
$1,146,910
Jonathan and Angela-Marie, Call 310.383.2466 or 323.309.6416 to learn how our marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase!
Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate by the end of 2019.
Presented by The Bernal-Smith Group YOUR OLD LAS PALMAS REAL ESTATE SPECIALISTS
Prepared Especially for Jonathan and Angela-Marie Williams
LUCIO BERNAL
JON M. SMITH
310.383.2466
323.309.6416
Broker Associate | CalBRE# 01236217
Lucio.Bernal@camoves.com
CalBRE# 01959566
Jon.Smith@camoves.com
OLD LAS PALMAS R E A L E S TAT E M A R K E T R E P O R T
• • • • •
Coldwell Banker Global Luxury Property Specialist Coldwell Banker Global Luxury Ambassador Certified Luxury Home Marketing Specialist – Million Dollar Guild 2017 President of the Palm Springs Regional Association of REALTORS® Certified Residential Specialist, Pricing Strategy Advisor
Jonathan and Angela-Marie, Whether you’re looking for an investment property, looking to relocate, upsize, or downsize, we can help achieve your goals. Call us today at 310.383.2466 or 323.309.6416.
W O R L D C L A S S L I F E S T Y L E S I N PA L M S P R I N G S
Old Las Palmas Homes Currently Listed
AT A GLANCE ACTIVE
PENDING
SOLD
A visual representation of the MLS data on the right.
List Price Range:
$1,600,000 - $13,000,000 Sales Price Range:
$1,430,000 - $3,425,000
Status
Beds
Baths
Approx. Square Feet*
Year Built
List Price
Active
5
6
4,400
1961
$1,600,000
Active
5
7
3,500
1942
$2,195,000
Active
5
5
3,900
1937
$2,395,000
Active
5
5
3,600
1937
$2,575,000
Active
4
6
4,100
2016
$2,595,000
Active
4
4
3,300
1936
$2,699,000
Active
5
5
4,200
1980
$2,889,000
Active
4
5
4,300
1936
$2,925,000
Active
4
6
4,300
1945
$2,995,000
Active
5
6
4,600
1977
$2,999,999
Active
5
7
4,600
1951
$3,250,000
Active
7
14
11,100
2003
$7,990,000
Active
8
14
15,000
1928
$13,000,000
Average Days on Market (Solds):
There are 2 homes currently pending in Old Las Palmas. For more information on these homes, contact The Bernal-Smith Group today at 310.383.2466 or 323.309.6416.
47 Median Sold Price per Square Foot:
Old Las Palmas Homes Sold in the Last 6 Months
$638
Status
Beds
Baths
Approx. Square Feet*
Year Built
List Price
Sold Price
Sold Date
Sold
4
5
4,200
1951
$2,950,000
$2,850,000
04/20/18
Sold
4
6
5,000
2017
$3,495,000
$3,425,000
04/17/18
Sold
4
4
2,300
1958
$1,495,000
$1,430,000
04/08/18
Sold
5
7
5,900
1963
$2,775,000
$2,500,000
03/23/18
Sold
4
5
3,300
1950
$1,675,000
$1,640,000
03/21/18
Sold
4
4
3,100
1936
$2,165,000
$2,050,000
03/15/18
Jonathan and Angela-Marie,
Sold
4
4
2,900
1957
$1,990,000
$1,900,000
01/19/18
Sold
5
5
3,400
1935
$1,900,000
$1,795,000
12/18/17
For current market activity, community
Sold
3
5
4,100
2002
$3,495,000
$3,000,000
12/08/17
Sold
6
5
4,100
2000
$2,250,000
$2,025,000
12/07/17
Average Return of Asking Price:
94% © Google 2018
information, and more, visit:
www.OldLasPalmasLiving.com
Lucio Bernal, Jon M. Smith, The Bernal-Smith Group, Coldwell Banker Residential Brokerage, and Coldwell Banker Global Luxury are not in any way affiliated with Old Las Palmas Owners Association, nor is this in any way an official advertisement or publication of Old Las Palmas. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the CLAW MLS as of May 17th, 2018. Listings and sales may not be those of Coldwell Banker Residential Brokerage or Coldwell Banker Global Luxury. The National Association of Realtors® and the CLAW MLS do not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to the nearest hundred. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018