Skip to main content

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 2022, but there are plans to add on a future commercial village and additional residences in 2023. 

Be sure to click the link below and watch the video to learn more about Talus. And let me know how you feel about this below, there has been a decent amount of local controversy surrounding this and I am curious how our community feels about this since it is so close. If you are just learning about this do some research and comment below how you feel this might affect or benefit the East Valley!

It's all about the growth! New developments like the Coachella Valley Sports and Entertainment Arena, La Entrada in Coachella (7,800 residential units), four new surf resorts, and events like Desert Air and the American Express at PGA West are bringing new faces to our Valley. And I for one will be welcoming them with open arms and business cards! Talus is a brand new resort experience developing out of Silver Rock in La Quinta. This project includes, 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!

Designed by Kelly Slater, Coral Mountain is coming out with a 14 acre surf pool that is projected to open on the eastern edge of La Quinta in 2023! Their goal is to create an adventure sports mecca in the desert, with experiences that will not be found anywhere else! Then there is Thermal Beach Club! Wrapped in luxury and powered by adrenaline, are the promises made by Thermal Beach Club and I can't wait to see if they live up to it!


DSRT Surf is not yet under construction but has promised to bring big waves, big golf, and a whole lot of fun! One of their goals is a net zero increase in water usage at Desert Willow, with a promise to use a portion or the surf pool water to irrigate the courses. I for one never thought I would be able to surf in Palm Desert, and I am so excited for what the future holds!

Comments

Popular posts from this blog

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