Great Mid-Century Modern Areas in the Palm Springs Valley Part II

Sandpiper Palm Desert
Sandpiper Palm Desert

SANDPIPER, PALM DESERT

Sandpiper has the distinction of being the oldest residential development in Palm Desert. Architect William Krisel designed Sandpiper in the 1960’s. The homes are Mid-Century Modern in design. His inspiration came from Frank Lloyd Wright. He offered brightly lit homes that were well designed along with lovely landscaping and quiet private views. The whole property has 18 “pods.” Each has its own lovely swimming pool and there are 6 buildings within the “pod” and each contains two one-level homes. Sandpiper is a convenient walk or stroll to groceries, coffee shops, restaurants and shopping on El Paseo Drive

Sandpiper home prices range from $250,000 to $500,000+.

MAGNESIA FALLS, RANCHO MIRAGE

Continue reading “Great Mid-Century Modern Areas in the Palm Springs Valley Part II”

PST! There’s Still Time to Experience Pacific Standard Time: Modern Architecture

PSTP-Banner-combo2400x1696 (3)Pacific Standard Time Presents: Modern Architecture in L.A., a scaled down sequel to the first Getty initiative in 2011, is underway in Los Angeles and environs.  The current initiative celebrates Southern California’s immense impact on modern architecture with exhibitions and programs by 17 cultural institutions now through July, 2013.

Events are scattered across the city from construction sites to the Schindler House, and from Pasadena to Santa Barbara.

Just opened May 9, Everything Loose will Land, an installment at the MAK Center for Art and Architecture at the Schindler House, makes light of Frank Lloyd Wright’s infamous dig: “Tip the world over on its side and everything loose will land in Los Angeles.”  In the 1970s, boundaries between L.A.  artists and architects blurred, leading to unprecedented collaborations and innovations. Function and form ceased to be distinct in this exhibit that unites PST’s emphasis on architecture and visual design. Continue reading “PST! There’s Still Time to Experience Pacific Standard Time: Modern Architecture”

New Design and Retail Shops Open, Expand In Palm Springs Uptown Design District

Bright contemporary men’s clothing now at Mr. Turk

Uptown just got more “up!”

Two grand openings last week celebrated the new Mr. Turk, Trina Turk’s newest expansion with colorful men’s clothing and apparel at 891 North Palm Canyon, and an innovative new ‘pop-up’  concept at Raymond|Lawrence, 830 North Palm Canyon Drive, created by the dynamic design duo, Larry Abel and Raymond McCallister.

Another new furnishings, design and art gallery, Flow Modern Design, opened its doors recently at 768 North Palm Canyon ago replacing A La Mod which moved to larger digs a few doors up at 844 North Palm Canyon.

Calling their store a “retail incubator,” Raymond|Lawrence features ho Continue reading “New Design and Retail Shops Open, Expand In Palm Springs Uptown Design District”

South Palm Desert Mid-Century Modern Home Expanded, Transformed Into 21st Century Energy Efficient Classic

When Ralph W. Haverkate, a real estate broker specializing in Mid Century Modern homes, came across an abandoned but classic Mid-Century Modern home in south Palm Desert that was facing a short sale, he immediately called his wife Bettina Waldraff to come take a look.

“He wanted me to see the inside of the house with the true mid-century modern beam ceiling and big back yard with pool which our two Entlebucher Swiss Mountain dogs would love,” she said. “We both saw right away the potential of this property.” 

The couple called young up-and-coming architect Lance O’Donnell of O2 Architecture in Palm Springs, a protégé architect working with Donald Wexler.  They previewed several homes with O’Donnell to get his perspective and input. O’Donnell agreed that south Palm Desert house was a great location, within walking distance to El Paseo, and had “great bones and potential.” O’Donnell suggested leaving the existing ceiling and adding on a master suite to increase the house from approximately 1,900  to 2,500 square feet.

Their offer finally accepted, the Haverkates sealed the deal in November, 2009.  O’Donnell began his design that  maintained the house’s original architecture but meticulously reinvented its interior. Rarely is a house able to combine modern and vintage accents into a living work of art.

“Mid-April of last year, our project was underway,” said Bettina. “Moving along, the whole house was gutted down to the studs and just the old concrete floors and wood beam ceilings were left.”The remodel, executed by Barton Construction Palm Springs, kept the original wood post and beam construction and ceiling.  New air conditioning ducts and copper plumbing were installed under the original slab. The new roof and walls were fully insulated and the concrete floors throughout were restored and polished.

The new master suite bedroom/bathroom addition was designed with its roof tilted in the opposite direction of the existing roof line of the house to give it the mid-century modern “Butterfly Roof” look.

The kitchen was designed to be a focal point in the living space.  It features CAESARSTONE kitchen counter tops, white high gloss Wenge wood veneer cabinets and top-of-the-line MIELE dishwasher, oven, steamer, warming drawer, and built in espresso machine, with an energy efficient induction glass cook top and stainless steel hood. A SUBZERO refrigerator and 150 bottle SUBZERO wine fridge complete the kitchen appliances. “A long 10 feet dining table was a must since I like to cook and entertain friends and clients of Ralph’s,” said Bettina. “And a handmade crystal chandelier rounds up the dining area giving it a glamorous feel.” Continue reading “South Palm Desert Mid-Century Modern Home Expanded, Transformed Into 21st Century Energy Efficient Classic”

Have Home Prices Hit Bottom?

We can’t really know, but there may be a reason that if they go lower, they won’t stay there. The long-term inflation rate of U.S. housing is around 2.5%. Let’s look at the Case-Shiller Home Price Index for some high-tier markets. The graph below has the Index for three western U.S. cities, with an added line that shows the normal long term rate of housing price inflation of about 2.5%.

Long Term Apprecaion vs Case-Shiller

This long term “normal” growth rate shows that home prices should be about 30% higher now than in 2000. Prices in Vegas and Phoenix have dropped below this long term value, and there should be upward pressure based on this historical trend. Higher than average inflation is expected and will further increase this upward pressure.

L.A. may be a bit different, as it may have been still feeling the effects of the 1990’s California bubble and recession when the Index base of year 2000 was established. If so, this might have raised the base home values in 2000, made the peak lower and therefore today’s index lower, closer to Phoenix and L.A. If this is not the case, L.A. may still be above the normal inflation value, and vulnerable to further declines.

In the Palm Springs area, homes that have devalued from about 35 to 50% may have hit bottom, at least in the long view of things. They may stay there until economic and employment conditions improve.

Wayne Longman

All About Mid-Century Modern

What is Mid-Century Modern?

Mid-Century modern is an architectural, interior and product design form that generally describes mid-20th century development in modern design, architecture and urban development from roughly 1933 to the late 1960s (www.en.wikipedia.org/wiki/Mid-century-modern).

The term, coined by Cara Greenberg for her book, Mid-Century Modern: Furniture of the 1950s, published in 1983 by Random House, is now recognized by scholars and museums worldwide as a significant design movement.

What is Modernism?

Before World War II, architecture and furniture styles emphasized hand craftsmanship — ornate detail and traditional materials like dark, heavy woods.  However, decades earlier, the visual arts, painting and sculpture had already been influenced  by a movement called “modernism” with a visual emphasis on clean lines, contrast, elevation and innovative style and form.

French Impressionists, such as Matisse, Picasso, and symbolists in literature, Ezra Pound, T.S. Elliott, were among the early modernist artists and writers.

Modernism “questions the axioms of the previous age,” and is a cultural movement of changes in Western society beginning in the late 19th and early 20th centuries.  It reflects  a trend of thought that human beings can create, improve and reshape the environment through practical experimentation, scientific knowledge and technology.   Along with new artistic and philosophical trends, social, political and economic were forces at work – industrialization (en.Wikipedia.org//wiki/Modernism).

Post War Life Style

Continue reading “All About Mid-Century Modern”

Real Estate: Buy Low, Sell High

In the Palm Springs area, the only homes that are selling are at 30-50% discounts.  Many would-be home buyers seem to be holding back in fear (or hope) that prices will fall some more.  If you believe in Buy Low you should be wary of trying to buy at the bottom – that is very hard to do.  It’s better to get most of the benefit of the low, than to miss it altogether.  Median prices were actually lower last year than now.

It does look as if prices may fall again, but I may be wrong .  In the opinion of some, we saw prices rise last year due to various government stimulus programs, and they could rise again if private investment increases.  We have seen unemployment increase and that will increase the number of foreclosures.  The impact of new foreclosures should be minimal because we have seen the banks meter them onto the market about as fast as they are selling, which has kept prices stable.

Could a meaningful drop of 20% or more still happen?  If a Mid-Century Modern home was $500,000 at the peak, it is possibly worth around $300,000 now (a 40% drop).  I don’t believe it can go down to $200,000 (down 60%).  Could it go down 15% from $300,000 to $255,000?  It is possible, but a slight market improvement could keep the price steady or slightly increase it, as happened over the last year.  Meanwhile the buyer is still looking and we are getting closer to the time when prices will definitely increase.

Some sellers are waiting too.  If they need to sell, there isn’t much point in waiting for the return to high prices.  That won’t happen for many years.  They are likely better off selling now to start a new financial or housing base rather than dealing with an uncertain future.

For both Buyers and Sellers, there is a financial risk of doing nothing, and you may miss the chance of finding that perfect Kreisel Alexander or Walter S. White.

Wayne Longman

The West Coast’s Largest Design Event

West Coast’s Largest Design Show Celebrates the Best Modern Projects, Products and People.

If you can’t get enough Mid-Century Modern, do not miss Dwell On Design (www.dwellondesign.com ), the West Coast’s largest design event, returning June 25-27 to the Los Angeles Convention Center.  Only a two-hour drive from Palm Springs.

Curated by the editors of Dwell Magazine, this three-day extravaganza features more than 200 brands on exhibition with design-forward exhibits, competitions, East and West side home tours, and over 80 presentations and panels by design industry  leaders and influencers. Continue reading “The West Coast’s Largest Design Event”

“Green” Modern Boulder House in Joshua Tree.

Seen in Variety, the LA Times, The Week and Angeleno magazines, this ‘green’ home was conceived by Beverly Hills landscape architect W Garett Carlson. The result is notably significant in uniqueness of concept, materials and execution of a structure at one with its environment. Design elements include rusted steel, concrete, glass, desert sand and indigenous landscaping. A faux boulder facade mimics the famous rock faces in nearby Joshua Tree National Park and hides the home from view. Low energy in-floor thermal warming and cooling is assisted by massively insulated walls, a desert garden on the roof, and the cooler high desert location. Disappearing 10 by 40 foot glass doors completely open the great room to the deck and desert views. Stained concrete floors, CaesarStone counters, upscale stainless appliances, glass tiles, and wood ceiling surround the furnished living spaces. Priced to market, it is well below its 2009 construction cost. Easy driving times to Palm Springs and LA.

Nearby 800,000 acre Joshua Tree National Park has granite monoliths that attract visitors and rock climbers from around the world. The town, an enclave of musicians and artists, continues to grow in popularity, with its own music festival, and an eclectic mix of art galleries, antique and curio stores, cafes and design shops. It is home to the annual Joshua Tree Music Festival. The band U2 stayed and recorded in the town to create their legendary album, ‘The Joshua Tree’.

Home Prices – Will History Repeat Itself?

We see a lot of news about home prices, both good and bad.  Nobody can predict the future, but we might find clues about it in the past.  The Case-Shiller Home Price Index, captured the California home price collapse in 1990, as shown in the first chart – for high-tier Los Angeles homes.  Then the prices had increased by about a factor of two, just like our last bubble, as shown in the second chart.  The scale in the first chart has been expanded to show they were very similar bubbles, even to their relative size, shape, duration and the false recoveries in 1991 and 2007.  Maybe we can use the 1990’s experience to project our current recovery. 

If so, the blue bars show that it took seven years from the peak to just get to the point where prices began a true recovery.  Our price recovery may not start until 2013, and this is a worse economic situation than in the 1990’s. In between now and 2013 we may see still lower prices.  It is difficult to tell if the small peak we see today is a false recovery or the reaction to an overshoot in the drop, but from the last bubble it is not likely the beginning of recovery.  Again historically, that increase around 2013 will be at the rate of inflation, which in the long term is around 2.5% a year.  If so, this is relative price stability and isn’t bad news – volatility in home prices is the bad news because neither sellers or buyers know what to expect.  – Wayne Longman

Case-Shiller LA High Tier 1990 Bubble
Case-Shiller LA High Tier 1990 Bubble
LA Case-Shiller High Tier 2006 Bubble
LA Case-Shiller High Tier 2006 Bubble