Mid-Century Modern Enclaves

Tamarisk Rancho is a premium neighborhood located in the heart of suburban Rancho Mirage adjacent to the Tamarisk Country Club. There are two clusters of 16 Mid-Century Modern homes enclosing groomed, park-like green belts with tranquil views of mature fruit trees and date palms that may predate the development. The 45-foot swimming pool at the center of this private oasis in the South cluster was advertised in 1958 as “one of the finest in Palm Springs.” It was the scene of al fresco cocktail parties hosted by the likes of Barbara Sinatra, Groucho Marx and other Hollywood talent from in front and behind the camera.

Tamarisk Rancho is architecturally significant as a well designed and intact example of a property type apparently unique to Rancho Mirage and the Coachella Valley area. These are planned unit developments of privately owned single-family residences sharing grounds and a swimming pool (a Cooperative).

The three basic roof configurations are flat, low-pitched front gabled, or butterfly. The exteriors are stucco, natural rock, board and batten. Each house is approximately 1,900 square feet plus a garage, in a 3 bedrooms/3 bathroom floor plan, or 2 bedrooms plus den and 2 bathrooms. Continue reading “All About Tamarisk Rancho in Rancho Mirage”

We’ve seen higher- end home prices drop here at a rate of 1.5 to 2% per month, since January 2008. A 35% or more price reduction from the highs in 2006-2007 is not uncommon. In the last few months though, prices seem more stable and we may get a modest annual boost from the increased numbers of buyers here for our winter season.

For individual sales exact trend prices may not matter too much as buyers are willing to pay more for a property they love and less for one they want to upgrade. Two buyers may easily differ on the value of a home by 10%, which can mask any short-term trend value change. The amount of inventory can also affect price if the lower priced homes in the same class are bought first – leaving later buyers with fewer choices and higher prices.

So, in a stable or further declining market, there is no reason for Sellers to wait as prices are not expected to rapidly rise if history repeats itself. It took LA 10 years to recover the high they experienced in 1999 from the housing downturn then

It’s also a good time for Buyers, as we may be seeing the bottom. Those buyers who believe we can go down another 20% might wait, but that’s a gamble.

Category: Mid-Century Modern Enclaves

All About Tamarisk Rancho in Rancho Mirage

Palm Springs Area – A Good Time To Buy or Sell