Real Estate News From Jenell Fontes VanDenBos

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-sl...

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...

NFTs and Real Estate! Today I want to discuss a topic I have seen buzzing through the headlines for the past year, but hasn't exactly been explained in a way that I have been able to really understand or realize the importance of. That's right! We're going to talk about NFTs in Real Estate, how they relate to the industry now, in the future, and what exactly the technology is thats supposedly going to replace my job! I just read an article about a virtual property, that is a digital 3D image of a home has just sold for over four million dollars in the Sandbox metaverse. That's right, you cannot live in the home, it doesn't have a pool, or a backyard, or any bathrooms! Not ones that you can use anyway, and it sold for well over what most people make in a year, if not several years of earned income and savings. Now, that definitely made me a little bit curious about what's going on with NFTs and how they might play into the real estate market, today and in the fut...