Timeless Architecture

This amazing property is located in the historic Mesa neighborhood. Today the Mesa is a unique and eclectic collection of architectural style producing a beautiful neighborhood nestled in an awe-inspiringetting. The diversity does not stop there. The individuals who occupy the homes are as unique as the architecture, with occupations and interest spanning every conceivable endeavor. There is one other unique attribute to the Mesa. It is truly a neighborhood of friendly residents, living close to the Garden of Eden on the East slops of the San Jacinto Mountains.

For more information about this property, please contact Patrick-Stewart Properties at (760) 325-9091. This Property is shown by appointment only.

Liberace's Palm Springs mansion

The 7,000-square-foot Palm Springs mansion formerly owned by entertainment legend Wladziu Valentino Liberace – known best simply as Liberace — recently sold for more than $1.2 million.

Liberace bought the mansion in 1967. The sprawling home has seven bedrooms, eight baths, a two-story bell tower, mirrored dressing area and a powder room. It is located at 501 N. Belardo.

After Liberace died, the estate was purchased in 1988 for $750,000.

In recent years, the home has been on the Multiple Listing Service for prices as high as $2.8 million. Who purchased the mansion is not being divulged.

Interested or buying or selling property in Palm Springs or the Coachella Valley area? Contact Patrick-Stewart Properties today.

Stewart Smith (left) and Patrick Jordan (right)

High End Buyers and Sellers Benefit From Windermere Real Estate’s Exclusive Premier Program

Windermere Real Estate sales statistics for First Quarter 2010 were just released by the Desert Area MLS. Windermere leads all other real estate companies in the desert in home sales over $1,000,000.

“Our high end market is active, and many magnificent homes and estates are selling well,” says Windermere Real Estate Coachella Valley owner Bob Deville. “Every transaction is a challenge  for buyer, seller and the real estate agent in our current maket climate, however with the success of our Windermere Premier Properties Program, deals are closing.”

“Windermere has always had a very successful Premier Properties Program. This unique program is represented and managed by Premier Director’s -agents specializing in high end and unique properties,” adds Deville. “With special signage, our award winning Premier Properties web site, specialized and specific marketing materials and our targeted networking, both within the company and with outside real estate companies and agents, Windermere has been extremely successful in the listing and selling of homes in this segment of our market.”

Windermere recently installed its 2010 Executive Premier Directors and 2010 Premier Directors. This special group of Directors is responsible for approving Premier Properties submitted to the program as well as mentoring non-directors by physically previewing prospective Premier Properties. Acceptance and qualification into the program requires the written approval from two Premier Directors. The Directors also provide marketing and advertising advice for agents with a qualifying Premier Property.

“We have a very impressive and powerful 2010 slate of Premier Directors,” says Deville.  As a result of their hands-on involvement and team work, our high-end  buyers and sellers will continue to benefit from this program, as our numbers clearly indicate, and as the high end market activity increases, he says.

Patrick Jordan and Stewart Smith of Patrick-Stewart Properties are Executive Premier Director’s and work in the Windermere Palm Springs South Office, located at 2465 E. Palm Canyon Drive, Palm Springs, CA  92264 , please contact either of them for all your Real Estate needs and wants (760) 325-9091.

Sales of high end homes in Palm Spring and nationwide are making a big comeback after two years of double digit declines.

“We’re seeing a revival in the high-end housing market,” said Lawrence Yun, chief economist at the National Association of Realtors (NAR), who was quoted in the report featured on CNBC News. “It was so depressed, particularly last year, but it’s really improved. There’s much greater sales activity on upper end homes now.”

High-end homes are one of the few bright spots in the nationwide housing market, according to figures from the NAR.

In February this year, sales for homes priced at $1 million or more increased 38 percent nationwide from a year ago, according to the NAR. The Northeast is up 49 percent alone, while the West is up nearly 35 percent.

Lower interest rates, bank lending and consumer confidence are combining to fuel the comeback, according to the report.

“Rates are down for jumbo loans,” said David Adamo, CEO of Luxury Mortgage, a mortgage banking firm based in Stamford, Connecticut, who was quoted in the CNBC report. “Banks are seeing benefits in making these types of loans and are doing more re-financing now. I also think more people feel confident in the economy at the higher incomes.”

A 30 year fixed is currently at 5.58 percent for a million dollar loan, while last year at this time it was almost 7 percent, according to the report

Interested or buying or selling property in Palm Springs or the Coachella Valley area? Contact Patrick-Stewart Properties today.

Mission Hills Country Club

This week, when you’re exploring the Coachella Valley real estate market for your new Palm Springs home, don’t forget to take a break and enjoy some great golf.

The Mission Hills Country Club in Rancho Mirage is hosting the first “major” LPGA golf tournament of the year this week on its Dinah Shore Tournament Course.

The Kraft Nabisco Championship started Monday, March 29 and runs through Sunday, April 4, with championship play beginning Thursday, April 1. The tournament has been held at Mission Hills Country Club for the past 39 years.

In 2009 Brittany Lincicome won the championship and took home the Dinah Shore Trophy after eagling on the final hole of the tournament to win by one shot.

Weather in the Palm Springs area leading up the tournament couldn’t have been better, according to David Johnson, director of golf course operations at Mission Hills Country Club.

“We have received 5 inches of rain already this year and the average annual rainfall here is only 4 inches,” said Johnson, who was quoted in Golf Course Industry Magazine on March 25. “The rough is thick. They are going to need a pitching wedge to get back on the fairway.”

The Kraft Nabisco Golf Tournament is golf’s second longest running tour event at one course (behind the Masters at Augusta National).

This year the Kraft Nabisco Championship offered a “Ticket’s Fore Charity” program in which 100 percent of the proceeds from advance ticket sales were donated to 90 participating charities.

For more information on the tournament and a schedule of events, visit the official Web site.

Interested or buying or selling property in Palm Springs or the Coachella Valley area? Contact Patrick-Stewart Properties today.

The Preserve America program was put in place in order to help local governments finance preservation projects they may not be able to afford otherwise. With the honor of the award, Palm Springs can now apply for matching preservation grants from $20,000 to as much as $250,000. These grants can help fund a variety of projects from historic resources surveys to signage programs.

Since architectural tourism plays an increasingly larger role in the city’s economic life, organized preservation efforts are only expected to increase in dedication and sophistication in the future. We’d like to say a special thanks to our local citizens, leaders and businesspeople that have helped to preserve our beautiful historic resources.

Interested in buying or selling a home in the Palm Springs area? Contact Patrick Stewart Properties today.

Media Contact:
Holly Harmon, APR
480-510-5307
hollyhrmn@gmail.com

Patrick Stewart Properties to Host Fundraiser for Desert AIDS Project
Miss California International to Make Her First Official Appearance

Palm Springs, Calif. (September 24 2009) – Patrick Stewart Properties, in partnership with The Bungalow Salon, owned by Vikky Hume, will be hosting an event to raise money for Desert AIDS Project (D.A.P.), October 8 from 6 to 9 p.m. D.A.P. provides medical care and comprehensive support services to people living with and at risk for HIV/AIDS in the desert community. Patrick Jordan and Stewart Smith of Patrick Stewart Properties at Windermere Real Estate are the local source for exceptional real estate services in Palm Springs and the Coachella Valley.

Held at The Bungalow Salon in Rancho Mirage, guests will enjoy cuisine by Parties by Mike, cocktails courtesy of Crater Lake, live music by Alexandra Seelye, and a raffle for fantastic prizes. Miss California, Gretheel Olvera, will make her first public appearance since being crowned earlier this month. Raffle prizes include beauty baskets and a two night stay at Lovey’s Hideaway in Idyllwild, Calif. D.A.P. will also be selling raffle tickets for a two-year lease on a 2010 Toyota Prius, courtesy of Toyota of the Desert. There is no charge for the event, but guests will be encouraged to make a donation or purchase raffle tickets. Reservations for the fundraiser should be made by calling 760-325-9091.

“By hosting a party for D.A.P., Patrick Stewart Properties hopes to increase awareness for the AIDS Walk and raise some money at a time when D.A.P. faces cuts in funding,” said Patrick Jordan, partner at Patrick Stewart Properties.

All money raised at the event will directly benefit D.A.P’s 2009 AIDS Walk. Actively involved with D.A.P. since 2006, Patrick Stewart Properties participates in the annual AIDS Walk and has been instrumental in securing grant money for D.A.P. through the Elton John AIDS Foundation, including a personal donation from Elton John. As “Partners for Life,” Patrick Stewart Properties hopes to raise a total of $20,000 through various fund raising efforts.

The Bungalow Salon is located at 71935 Highway 111, Ranch Mirage, Calif. For more information about the event, call the Bungalow Salon at 760-568-5454 or Patrick Stewart Properties at 760-325-9091.

About Patrick Stewart Properties:

Seasoned real estate experts, Patrick Jordan and Stewart Smith of Windermere Real Estate, specialize in mid-century and luxury homes in Palm Springs and the Coachella Valley of California. Together, Jordan and Smith combine years of business acumen and real estate experience, along with special knowledge and appreciation of these areas. Patrick Stewart Properties is dedicated to providing the highest level of professionalism, integrity and commitment to market distinctive spaces. For more information, visit www.patrickstewartproperties.com

About Bungalow Salon:

At The Bungalow Salon in Ranch Mirage, you come for the appointment and stay for the experience, The Bungalow Experience. Nestled in the heart of the Valley, this charming full service spa and beauty salon feels as if Italy has arrived in the desert. The Bungalow Salon offers an array of services, including haircuts/styles/color, men’s haircuts, manicures, pedicures, massages, facials, Botox treatments, Yoga, and Pilates. The Bungalow Salon is available for special events and bridal packages and offers after-hours appointments. For more information, call 760-568-5454.

About Desert AIDS Project:

Desert AIDS Project is the organization in the desert community where people living with HIV and AIDS can receive comprehensive support, including medical care, case management, and social services. D.A.P. also offers confidential HIV testing at a number of locations and widespread education and prevention services for schools, civic organizations, businesses, churches, and health organizations throughout the communities it serves. For more information, visit www.desertaidsproject.org or call 760-323-2118.

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The credit, passed earlier this year as part of the economic stimulus package, is good for up to $8,000, or 10% of the purchase price of your new home. It only applies to people who have not owned a home in the previous three years and there are some income restrictions. What’s great is that the credit does not have to be repaid unlike a similar program from 2008.

The deadline is especially important to note if you happen to be a homebuyer who is looking for short sales, since these often take many months to complete.

Isn’t it ironic that a process called “short sale” is known for taking a long time to complete? In fact, it’s called short sale because the total sale falls short of the balance owed on a loan secured by the property sold.

For more information on the first-time homebuyer tax credit, check out http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Interested in buying or selling a home in the Palm Springs or Coachella Valley area? Contact Patrick Stewart Properties today!