Welcome To My Real Estate Blog

Jenell Fontes

Welcome to my blog… I have been excited and tentative about starting a blog for over a year now. The focus of my blog is intended to be real estate and investment principals, “NEW” investment ideas and strategies, enhancing the value of your current asset base, What’s “HOT” and What’s “NOT”, and keeping a pulse on the REAL ESTATE market.

That being said, if every once in a while I go off on a personal rant please forgive me. In my mind having a blog is like having your own mint “soap box” and I might have the urge to pull out the megaphone and shout. I would also occasionally send accolades and kudos to those that are striving to make a difference in our world and local community.

I look forward to bringing you the kind of information that I have from being in the trenches. I pride myself in my overall research to make sure that I understand my clients future and long term investment goals. I try to have an overview of their investment portfolio so that I can help them develop a strategic plan for asset management to “maximize the profit of their real estate assets”.

www.jenellfontes.com

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Millennials And The Coachella Valley Real Estate Market

Jenell Fontes The Millennials are coming into the Real Estate market and what does that mean for a market like the Coachella Valley? In the next few years at least $16 trillion of ultra-high net worth (UHNW) individual’s wealth will be passed on to the next generation over this period, spawning a new crop of multimillionaires, the Wealth-X and NFP according to the Family Wealth Transfers Report “As self-made UHNW baby boomers start passing on their wealth to their children, the importance of entrepreneurship and hard work will be put to the test,” the report said. One of the largest beneficiaries of the wealth will be the the Millennials and they are not buying the larger country club properties that make up the bulk of the Valleys Luxury listing inventory. Millennials are looking at walkability scores, energy efficiency, Smart homes and provide a comfortably Chic lifestyle. Millennials want location, location, location, less maintenance and smaller homes with less outdoor

Low Inventory, Rising Tides

Now if you have been paying attention to the Coachella Valley something peculiar has been happening, it is explainable but it exemplifies a larger problem in our current real estate market. Today there are approximately 650 active properties on the market as of February 2022. Around this same time last year, there were over 2,000 active properties on the market. Now to make it clear the typical inventory of the Coachella Valley is usually somewhere between 4-5,000 units. Currently this is a clear identifier demand is extremely high, but how long can that last as supply remains so low . As interest rates continue to rise there is going to be a decrease in buyer demand, and we can already see that as the average days on market increases. This past year we saw houses being sold within hours of being posted on the MLS, multiple bids above asking price, and the sheer force of movement that has filled up the valley with transplants and former city-slickers. The lack of inventory can be a

Want to go Surfing in the Desert?

Talus is a NEW residential Development that you might want to know more about because this project is changing the face of property development for the Coachella Valley! For those of you that have recently driven on Avenue 52 or Jefferson on their way to PGA, Tradition or Griffin Ranch, you may have noticed a new sign on the way that reads "Talus." You might be asking yourself what is Talus? Or maybe you already googled it, or heard some people at the office or the gym talking about it. But I want to discuss the implications of this enterprising project for the surrounding neighborhood, and I think we should go over it together. Talus is a brand new resort experience developing in our backyard! This project includes hotels, The Montage and Pendry, two notable luxury brands that will be hosting the resort-styled hotels, private branded residences, a new restaurant, spa facility, conference center, club house, and more! The first part of the project should be finished by mid 20

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