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Welcome

Welcome to the premier resource for all real estate information and services in the area. I hope you enjoy your visit and explore everything my realty website has to offer, including La Quinta real estate listings, information for homebuyers and sellers, and more About Us, your professional La Quinta Realtor.

Our team specializes in the Active Adult communities, such as Del Webb's Sun City Shadow Hills and Sun City Palm Desert, Trilogy La Quinta, Heritage Palms, Segovia in Palm Desert and Coming Soon Four Seasons in Terra Lago, however, we serve all East Valley communities (Indio, Bermuda Dunes, La Quinta, Palm Desert, Indian Wells and Rancho Mirage) assisting our clients with their real estate needs.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

Testimonials

Julia was absolutely amazing the entire process of purchasing our new home. Her expertise and knowledge is second to none. Julia was so efficient and made sure all of our needs were met. She is so kind and sweet and was always just one phone call, text or email away. She responded to every question we had right away. I would highly recommend Julia for any of your realty needs! D. Simmons
Julia Lawson is the best Real Estate Agent that I have ever come across. I had a serious cancer diagnosis and had to retire and sell my home in a short time frame. Julia and her professional associates came into my home, removed some of the property and replaced it with attractive furnishings making the house look exceptional, staging the home for sale. It was priced at the top of the market in the area and we had two offers in the first two days. Julia went out of her way to ensure I was connected with legal assistance that I needed, her team helped me sell two of my vehicles, a work van and a jeep that were no longer necessary. I was not able to take my household items with me and Julia also assisted in providing items to those in need in our community. During the 30 day escrow process, Julia checked on me regularly and personally delivered all papers needing my signature. Not only was this a painless sale of property but seamless as well. Julia Lawson is an excellent Real Estate Agent and a wonderful human being. If you have the opportunity to sell your home or rental property, I strongly recommend you consider this group. John Engel
I had the best first time home buying experience with Friends Real Estate. I almost made the mistake of settling for a condo that wasn't exactly what I wanted, until Julia found the perfect Condo for me! It went above and beyond what I expected to find in my price range. Her assistant Jennifer McGraw took countless calls/emails & texts, day and night, to answer any questions or concerns I had throughout the escrow process. I will never forget the day they called me and told me the condo was mine!! The very next day they gave me the keys to my new home and I walked inside to find a personalized house warming gift. Friends Real Estate is the Best! A. Myers
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Blog

Welcome to our Seasonal Visitors!

It's that time again...the snowbirds are arriving and getting settled into their vacation homes for the next few months.  While here, they will enjoy sun-filled days playing golf or tennis, visiting world renowned shops, local art exhibits and sampling local culinary delights.  We welcome visitors to our vacation rentals with a beautiful gift basket of goodies and offer private tours of our many beautiful listings once they fall in love with the area.  Many of our desert visitors come year after year and eventually decide they love it enough to buy a little piece of paradise for themselves.  We are blessed to live in this beautiful area year round and enjoy showing others how they can own a little piece of our paradise too.  Contact us today if you'd like to spend the winter in Palm Springs.  We work hard to find clean, quality homes for our clients.

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Real Estate News!!!

Latest Realty News from NAR

REALTORS® Confidence Index Survey: April 2018 Highlights

The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from April 2018. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 74 (75 in April 2017).[3]
  • The REALTORS® Seller Traffic Index registered at 45 (46 in April 2017).
  • The REALTORS® Confidence Index—SixMonth Outlook Current Conditions registered at 74 for detached single-family, 63 for townhome, and 59 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 26 days (29 days in April 2017).
  • Eighty-eight percent of respondents reported that home prices remained constant or rose in April 2018 compared to levels one year ago (82 percent in April 2017).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 33 percent of sales (34 percent in April 2017).
  • Vacation and investment buyers comprised 15 percent of sales (15 percent in April 2017).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for four percent of sales (five percent in April 2017).
  • Cash sales made up 21 percent of sales (21 percent in April 2017).
  • Eighteen percent of sellers offered incentives such as paying for closing costs (eight percent), providing a warranty (seven percent), and undertaking remodeling (two percent).[4]

Issues Affecting Buyers and Sellers

  • From February–April 2018, 78 percent of contracts settled on time (72 percent in April 2017).
  • Among sales that closed in April 2018, 75 percent had contract contingencies. The most common contingencies pertained to home inspection (55 percent), obtaining financing (44 percent), and getting an acceptable appraisal (41 percent).
  • REALTORS® report “low inventory”, “interest rates”, and “multiple offers” as the major issues affecting transactions in April 2018.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The April 2018 survey was sent to 50,000 REALTORS® who were selected from NAR’s 1.3 million members through simple random sampling and to 7,082 respondents in the previous three surveys who provided their email addresses.
  • There were 4,555 respondents to the online survey which ran from May 1-9, 2018. The survey’s overall margin of error at the 95 percent confidence level is one percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to George Ratiu, Managing Director, Housing and Commercial Research and Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

March 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.42 percent this March, up 8.2 percent compared to 4.28 percent a year ago.

  • Housing affordability declined from a year ago in March moving the index down 7.0 percent from 150.4 to 161.7. The median sales price for a single family home sold in March in the US was $252,111 up 5.9 percent from a year ago.
  • Nationally, mortgage rates were up 35 basis point from one year ago (one percentage point equals 100 basis points), while median family incomes rose 2.7 percent.

  • Regionally, the West recorded the biggest increase in price at 8.5 percent. The South had an increase of 6.0 percent while the Midwest had a gain of 5.1 percent. The Northeast had the smallest incline in price of 3.5 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The West had the biggest drop in affordability of 9.2 percent. The South had a decline of 7.3 percent followed by the Midwest with a drop of 5.7 percent. The Northeast had the smallest drop of 2.7 percent.
  • On a monthly basis, affordability is down from last month in all four regions. The West had a decline of 4.7 percent followed by the Northeast with a dip of 5.6 percent. The South had a drop of 5.9 percent followed by the Midwest, which had the biggest; dip in affordability of 8.6 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 194.7. The least affordable region remained the West where the index was 105.6. For comparison, the index was 151.8 in the South, and 163.5 in the Northeast.

  • Mortgage applications are currently down 2.5 percent. Mortgage credit availability in April was flat. Rates are rising which will increase-housing costs. Home prices are up 5.9 percent while median family incomes are only growing 2.7 percent. Inventory gains will help ease the pressure on home prices.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

More Properties Were Sold at or Above the List Price in March 2018

In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?”

According to a survey of REALTORS® who responded to the March 2018 REALTORS® Confidence Index Survey, 37 percent of properties that closed in February 2018 sold at or above the list price. One year ago, 35 percent sold at or above the list price, and during the months of January in 2012 through 2015, about one in four sold at or above the list price. Buyer demand continues to outpace supply of homes being listed for sale in the market, sustaining the upward pressure on home prices.

According to respondents who reported closing a sale, 17 percent of properties sold at a net premium in March 2018, an increase from the nine percent share in 2014 and 2015. Of properties that sold at a premium, 87 percent sold at 101 to 110 percent of the list price, seven percent were sold at a premium of 11 to 20 percent, and five percent were sold at more than 20 percent premium.

The price distribution continues to skew to the right. In 2012, 34 percent of properties were typically listed at $150,000 in 2012, but as of March 2018, only 22 percent of properties listed were typically at this price level.[1]

Use the data visualization below to view the median listing price of properties listed on Realtor.com in March 2018. Red areas are areas where the listing price is higher than the U.S. median sales price of all existing homes sold in March 2018, at $250,400. Hover on the map to see the distribution of listing prices from June 2012 through March 2018 on Realtor.com data.

 

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[1] To access Realtor.com data, go to https://www.realtor.com/research/data/.

 

 

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JULIA LAWSON
Realtor/Owner
CALBRE# 01417939
70005 Mirage Cove Drive
Rancho Mirage, CA 92270
Phone: 760-969-1050
Email: friendsregroup@me.com

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Julia Lawson - Agent with FRIENDS Real Estate/Keller Williams