La Quinta News and Information
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Email: Nancy Javitch
La Quinta News - November 11th, 2008
IS NOW THE TIME TO BUY FORECLOSURES?
The past few weeks have seen breathtaking declines on stock markets worldwide. What was first described as a “correction” has now devolved into a full-fledged capital freeze. What was first called a "subprime crisis" can now be seen for what it really is, a massive financial meltdown.
Assets worth trillions of dollars have been wiped out in the past year, and it's difficult to look at investing in stocks or property and not wonder makes sense in such troubled times.
No one knows what will happen next week much less months and years into the future. What we do know is that downturns can be both long and brutal. Japan — a nation of savers with a powerful financial sector — saw its Nikkei 225 securities index reach 38,915 on December 29, 1989. Almost 19 years later the same index went below 8,300.
In the U.S. the Dow topped 300 at the end of 1928, but it took 26 years -- until 1954 -- before the Dow once again finished the year above that level.
What is it that we can do? Despite what you may hear on late-night television, there are no sure-fire, guaranteed investment strategies — especially at a time when the pillars of corporate capitalism are both shaken and stirred.
But there is a future. People will eat, classes will be taught, supermarkets will open, buses will run and most people will want to live indoors — meaning that much of the economy will go on, if not precisely as before then at least in some recognizable fashion.
“America remains the economic engine of the world,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, the leading online marketplace for foreclosure properties. “We are now having tough times, and we may well have tougher times, but economic activity is not falling to zero. As we have done in the past, we will regroup, restart and get going once more. Because we have a growing population, there's little doubt that housing and real estate will be at the heart of any effort to move forward.”
Strategies
It's often said that some of the most successful investments have been made by going against the grain, by selling when most are buying and vice versa. There is substantial risk in such a strategy, but then there is risk in all investment decisions — and in investment decisions not made.
In the context of foreclosures, going against the grain now would mean buying while others are selling. Is there any sense to such a strategy? Not a guarantee of profits, but some lucid and reasonable case for such purchases?
The answer is yes.
The goal during in recent years has been to buy now, sell quickly and pocket capital gains. In a rising market such an investment approach is attractive but not when values are falling or stagnant. The better option in hard times is to seek capital preservation and ongoing income.
Go back to the Depression — the 1930s. People didn't trust banks, even banks that paid interest. Forbes magazine says “T-bills got so popular that for brief periods between 1938 and 1941 they carried negative interest rates.” (See: A Brief History of Stock Fads, September 14, 1992)
Imagine that. Why would people “invest” in government securities that were certain to produce losses? Because minor declines were more tolerable than placing money in banks that might fail and wipe out entire investments.
So who made money during the Depression era? One group was those who bought selected real estate at sunken prices and simply held on. The importance of such properties was that they threw off increasing amounts of income over the long-term. No less important, capital was preserved.
What About You?
So is now the time to buy foreclosures? The answer with a caveat is yes. The caveat? Not for everyone.
The experiences of years ago suggest that going for income and long-term benefits is a logical and reasonable strategy today. Given that foreclosures are often available with significant discounts, it follows that they represent a good starting point in the search for long-term income and capital safety.
But are foreclosures right for you? There's no universal answer because all properties, markets and investors are different; however, here are 10 core questions which can help you decide:
1. Do you have financing in hand? Speak with lenders and give them tax returns and other documents to get pre-approved for a mortgage before looking at houses. Ask about fixed-rate loans that can serve as a hedge against inflation — if rates go up you're safe, if rates go down you can refinance.
2. How's your local market? Is the inventory of unsold properties increasing? What percentage of homes on the local MLS have either been foreclosed or are distressed? The general rule is that the bigger the foreclosure percentage the bigger the foreclosure discount. Speak with local brokers for specifics.
3. Are new home builders discounting units in established projects? If so, that's good news for new buyers — but bad news for previous project investors. In general terms, less new construction means more housing demand if the local population is growing.
4. What are the rental rate and vacancy trends in your community? In some situations home prices are falling but rents are going up. This is happening because while homes are cheaper, many would-be buyers can't get financing so unit sales are dropping. At the same time the number of potential renters is expanding — in part because several million people have been foreclosed and now need to live somewhere.
5. What foreclosures are available in your area? Check the RealtyTrac listings for details. You may be surprised at the number of available properties in even the most expensive areas.
6. Can you do your own repairs? Some of your own repairs? It always pays to have good relations with licensed trade people such as plumbers, electricians, home inspectors, pest controllers and contractors. With some properties it may make sense to partner with a professional.
7. Can you afford vacancies? What about monthly losses if the rent is less than expenses? Don't fall into a cash flow trap, make sure you have enough dollars to comfortably acquire property, fix it up and hold on over the long term.
8. Will foreclosure owners such as banks, Savings and Loans, credit unions, insurance companies and pensions provide financing? In some cases the answer is yes. In other words, when considering foreclosures see if purchases can be seller financed — even if the “seller” is a big institution.
9. Would it make sense to buy a foreclosure as a residence and then rent out your current home? Lenders are now instituting new rules that constrict such plans. As one example, the FHA recently introduced a buy & bail rule designed to prevent owners from buying new homes and abandoning old ones. Under the new standard you will likely need a lease, deposit and a month's rent before you can get an FHA loan for a replacement property. The problem is that it may be impossible to meet such new requirements until the original property has actually been vacated and prepared for tenants. Look for private-sector lenders to adopt similar rules.
10. What do local laws say? New regulations in many states have been designed to prevent the abuse of those facing foreclosure. While well-intended, some of these regulations are very broad — and they include stiff penalties. Work with local brokers and attorneys to stay within the law and avoid the pitfalls and penalties created by these new state regulations.
Peter G. Miller is the author of the Common-Sense Mortgage and is syndicated in more than 100 newspapers.
WHY BUY A HOME IN LA QUINTA?
Why is it a great time to buy a home in La Quinta? Our City has evolved into a sophisticated small city, with wonderful stores and restaurants. The housing market is such that one can purchase a home now, if for long term, and feel confident that it will increase in value once again. As always, the cycle will change. We still have more affordable housing in the Coachella Valley than in many other areas of Southern California.
La Quinta has long been recognized for its world-class golf, thriving arts community, unparalleled quality of life, and strong consumer base – all contributing to La Quinta’s bright economic outlook. The City of La Quinta’s Economic Development Division takes a proactive approach by conducting periodic market studies, annually updating its Economic Development Plan, and managing a comprehensive marketing program. This approach has yielded tremendous success – many national retailers have located in La Quinta alongside thriving small businesses.
La Quinta has it all – a growing population; a large winter/spring seasonal population; retail synergy along its Highway 111 corridor; charming boutique shops and restaurants in its Village area; tourism; a variety of recreational opportunities; cultural activities; and plenty of open space and natural beauty.
Here are some interesting statistics about the city of La Quinta:
Home to the nationally-acclaimed Arnold Palmer Classic Course at SilverRock Resort
Population as of January 1, 2006 – 38,340
Population projections: 2010 – 50,000; 2015 – 60,000; 2020 – 70,000
Median age is 36
Median household income is $65,844
Total number of households in La Quinta in 2006 - 13,414
Total number of housing units in 2006 - 18,762 (15,504 SFD - 83%)
Median new home price - $554,747; median home price - $370,045 (2004)
Retail sales in 2005 reached $603.1 million
La Quinta has an assessed valuation of $7.81 billion (FY 2005-06)
Permit valuation: $272.2 million through December 2006; $376 million in 2005 – a new record high;
$359 million in 2004; $308.6 million in 2003; $173 million in 2002
La Quinta has the highest daily ($122.40) and annual ($44,676) per room revenue in the Valley and is home to the largest hotel in the Coachella Valley – the La Quinta Resort & Club (912 rooms)
2005 total hotel room sales for the City of La Quinta amounted to nearly $41.236 million
2006 traffic counts (2-way, average daily trips): Washington Street @ Highway 111 – 45,981; Washington Street @ Fred Waring Drive – 50,837; Highway 111 @ Adams Street – 41,302; Jefferson Street @ Avenue 48 – 28,045
La Quinta News, November 8th, 2007
Home Price Data Shows Housing Solid Long-Term Investment
While the latest S an P / Case-Shiller home price statistics for 20 of the nation’s largest metro markets showed a 4.4 percent year-over-year decline, a closer examination of the data reveals that on average, these same markets appreciated in value by more than 50 percent over the past five years.
It is important to keep things in perspective, said Brian Catalde, president of the National Association of Home Builders (NAHB) and a home builder from El Segundo, Calif. The current housing price correction is most pronounced in the once super-heated markets in California, Nevada, Florida and Arizona. In most other markets, price declines have been pretty modest.
For example, in Chicago, home prices declined 1.3 percent between August 2006 and August 2007, while posting a 34.2 percent gain for the five-year period between August 2002 and August 2007.
Among the 20 markets surveyed by S and P / Case-Shiller, which represent more than 40 percent of the U.S. population, four posted home price appreciation rates of more than 80 percent over the past five years while 11 registered gains of more than 45 percent.
Home values in Los Angeles fell 5.7 percent in the last year -- but even with this loss prices in L.A. are up 88.9 percent since 2002. In Miami, home prices dropped 7.8 percent between August 2006 and August 2007 while showing a price appreciation of 89.2 percent during the past five years.
The same pattern holds true in Phoenix and Las Vegas, which each posted yearly declines of 8 percent and 7.6 percent, respectively. However, home values surged 80.2 percent in Phoenix during the past five years and 83.2 percent in Las Vegas.
While housing is a cyclical business, experience shows that over time, home values will stabilize and then move upward with the next recovery, said Catalde.
To argue that home values will continue to decline and never recover, somebody has to make a convincing case that it will cost less to build a new home five years from now than it does today – and that’s just not going to happen, said Catalde. Despite today’s housing slowdown, the cost of land, labor and materials required to build new homes continues to go up.
Furthermore, Catalde noted that the rapid appreciation rates in 2003-2005 were clearly unsustainable over the long-term, and that housing typically increases in value slightly above the overall inflation rate.
Homeownership as a long-term investment has a track record that is virtually unmatched by any other purchase in terms of its real benefits, he added. Home owners today have a combined $11 trillion in equity in their homes, against which they can borrow to help pay for college tuition, medical expenses and other needs. And housing offers important tax incentives to make owning a home more affordable.
La Quinta News, October 7th, 2007
La Quinta fell in line with only three other cities in the Coachella Valley posting homes sales and price increases for August compared to the same period in 2006. One valley city saw a 54 percent drop, while La Quinta home sales were up 4.9 percent for August. What do experts attribute the city’s increased sales?
Some 86 homes sold in La Quinta during August, as the median home price rose 4.9 percent to $462,000 from a year ago, according to a monthly report by a La Jolla based real estate information firm, DataQuick Information Systems.
La Quinta’s 4.9 percent increase in home sales compares with the valley’s overall 25 percent drop in sales during August, the report said.
Other cities that fared well in August were Indian Wells with a 70 percent increase and Palm Desert with a 32 percent increase in their 92260 zip code and Bermuda Dunes with a 13 percent increase.
Unlike the stock market which resides in New York, we area a nation of housing markets, which Greg Berkemer, the executive vice president of the California Desert Association of Realtors, said. He further said that while the markets are interrelated, they do not experience the same level of activity. Even within the Coachella Valley , each city, even each subdivision, has its own market. Indio for example, had a 54 percent drop in sales and Cathedral City , close to a 42 percent drop. La Quinta did, however experience a 6 percent drop in the median home price per square foot, along with other Coachella Valley cities.
The cyclic slowdown of entry level homes and the tightening of lending practices have delayed first time home buyers from making a purchase until the possibility of a better deal in the future.
La Quinta News, September 20th, 2007
Sotheby’s International Realty Network Expands its Presence in Palm Desert, Palm Springs, Las Vegas and San Diego.
PARSIPPANY , N.J. – Sotheby’s International Realty Affiliates LLC today announced Dyson and Dyson Real Estate Associates has joined its network, furthering the brand’s growth in the western United States with 12 offices across the Palm Desert, Palm Springs, Las Vegas and San Diego markets.
Dyson and Dyson Real Estate Associates, one of the leading luxury real estate companies in the Las Vegas Valley and California’s Coachella Valley, now will do business as Dyson and Dyson Sotheby’s International Realty in the Las Vegas and Palm Desert markets, and as Villa Sotheby’s International Realty in Del Mar, California.
The firm, owned by Bob and Loraine Dyson, brings nine existing offices in the Palm Desert and Palm Springs area and two offices in Las Vegas and Green Valley to the Sotheby’s International Realty network. They also will open Villa Sotheby’s International Realty, a new office that will serve the San Diego real estate market.
"Dyson and Dyson Real Estate Associates has earned a stellar reputation for innovation and commitment to their clients in several highly competitive marketplaces," said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. "They have established an impressive track record with their team of experienced sales associates in the Las Vegas, Palm Desert and Palm Springs markets. We proudly welcome them to the Sotheby’s International Realty network and are excited with their growth plans for these key markets and in San Diego as well."
The Sotheby’s International Realty network has more than 8,000 sales associates located in more than 400 offices in the U.S. and 25 other countries and territories. Listings from Dyson and Dyson Sotheby’s International Realty and Villa Sotheby’s International Realty will be marketed on the sothebysrealty.com global Web site. In addition to the referral opportunities and great exposure generated from these sources, the firms will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.
According to Bob Dyson, the new affiliation will benefit his firm’s sales associates and their current and future clients by providing an unmatched level of service and marketing resources. "We are excited and honored to be associated with such an industry leader that shares our ongoing commitment to providing the highest level of service and results for our clients," he said.
Dyson and Dyson Real Estate Associates was founded in 1988 in Southern California and today is associated with more than 300 real estate professionals. Offering a variety of unparalleled real estate services, Dyson and Dyson Sotheby’s International Realty operates two offices in Las Vegas, nine offices in the Palm Desert and Palm Springs area and one office in the San Diego County area under the name Villa Sotheby’s International Realty.
La Quinta News Thursday, August 30, 2007
The results of the state high school graduation test released last week show that La Quinta High School is the only comprehensive high school to have improved in the number of sophomores passing the exit exam in both language arts and math.
Principal Donna Salazar was quoted as saying: Our students are doing well, and they are continuing to improve.
La Quinta High School sophomores are passing rate improved by 2 percentage points to 83 percent in English and by 1 percentage point to 83 percent in math. Salazar credits a number of change to the improvement. One of the biggest reasons for the change is that two years ago school officials began distributing a diagnostic test to freshmen that helps show in which area students are struggling. The first class that took the test was last years sophomores and the benefits can be seen in the progress made this past year. The school also hired a county consultant to train teachers in how to incorporate some of the test questions into their lessons rather than have students use the questions for practice only. Other Coachella Valley schools did not fair as well as La Quinta.
Palm Desert High School still has the highest passing rate of 84 percent, even though their rate of improving was lower than other schools.
La Quinta News Update Thursday, August 23, 2007
The City of La Quinta is getting ready for their next round of development for SilverRock Golf Course, the public golf course for the city. The first course built was designed by the famous Arnold Palmer, well-known in the desert for many courses that he has built. The next 18 holes will be designed by an unidentified course designer, yet to be revealed by the City of La Quinta . The Clubhouse for SilverRock and a 200+ boutique condo-hotel are both scheduled for completion in 2008 or 2009. The 2nd 18 hole golf course and a second hotel are slated for completion in 2012. There will also be a road to weave throughout the club starting at the north end on Avenue 52, all the way to Avenue 54. City consultants have estimated that La Quinta will spend approximately $140 million from the redevelopment funds in order to complete this project, which includes the purchase of the 525 acres where SilverRock is located.
In other La Quinta news, Beyond La Quinta Real Estate finds that while home sales have dropped by one third since 2006, median home prices have increased. That is due mainly to the fact that the over $1 million homes are still selling which brings the average home price up. Valley-wide, over 594 homes sold above $1,000,000. About 40 percent of the buyers here in La Quinta are looking for a second home and are not affected by the credit crunch that many are experiencing. The estate type properties offer finer amenities, less traffic, fewer crowds and a slower pace that the second home buyer is seeking. There seems to be a higher influx from Canada with the Canadian dollar going farther in the U.S.
For the month of June, La Quinta topped the Valley in sales with 88 homes sold. The median price of a home is $537,500, which is up 9.7% from 2006. The average price per square foot sold is $274 and the highest price home sold in La Quinta is $4,375,000.
La Quinta Real Estate News For Sunday, August 19, 2007
The Coachella Valley growth rate has slowed a bit, but still surpasses the state and county rates. The state of California has increased its population by 11.2% since April 1, 2000 . That is an additional 3.8 million people. The Coachella Valley has grown steadily each year. In fact, faster than the state and the county since 2000. The rate of growth is down .7% from the previous year, but growing nonetheless. We saw an additional 5,000 permanent new residents in 2006 bringing the total full time residents to 429,319. In terms of percentage increases, The Coachella Valley is number 4 of the top 10 fastest growing cities in Riverside County . La Quinta ranked 35th in the county, but 3rd for the Valley itself. In 2006, La Quinta grew 6.4%, which was faster than the 2005 increase of 5.4%. La Quinta now has 41,092 permanent residents, which ranks La Quinta as the 5th largest city in the Valley. Rancho Mirage increased by 1.0% and Palm Desert was the only city in the Coachella Valley to post a decrease of .03% in 2006.
Since the 1980 consensus, the valley has grown rapidly, 251%, since 1990, 86% and since 2000, we’ve seen an increase of 35%. The current estimates of the seasonal population for 2007 are approximately 146,000. Combine the seasonal figure with the permanent resident population and in peak season that puts our total at around 575,000.
Dividing the Valley by regions, Western, Central and Eastern, the Central District, which consists of La Quinta, Rancho Mirage, Palm Desert , part of Bermuda Dunes and Thousand Palms, has grown 2.5% in 2006 compared to 2.1% for the Western District and 5.7% for the Eastern District.
On another note, La Quinta City Council approved an amendment to Transwest Housing Specific Plan for Griffin Ranch to allow and additional 45 acres to be developed on the corner of Avenue 54 and Monroe Street to build 90 more homes and enlarge the clubhouse.
La Quinta Real Estate Continues to set trends.
In spite of the news, La Quinta Real Estate continues to set trends in the Valley. It appears that the 4th quarter of 2006 was our low point so far with the last 2 quarters showing an upward trend. In the last quarter of 2006, 1699 homes were sold with an average sale price of $484,000 Valley wide. The first quarter of 2007, we saw an increase with 1821 homes sold with an average price of $584,000. And the 2nd quarter of 2007, we saw a greater rise in sales with a total of 2101 homes sold, even though the average home price dropped slightly to $521,000. That sure makes me feel that buyer confidence is on the rise.
In La Quinta, real estate hit the top of the charts. First in number of units sold at 990, La Quinta far outsold neighboring cities. The next closest city was Palm Springs with 797 homes sold. La Quinta came in 2nd with in the category of average price of homes at $769,000. The homes averaged out to sell within 9% of the asking price, which is fairly strong for a buyer market. Also, Real Estate Agents in La Quinta topped the charts selling the most homes in the Valley, 418 homes averaging $1,785,000. In the past 12 months, La Quinta topped the charts in the category of average sale price trend. The average price of a home in La Quinta rose 3.7% to $801,266 per home.
There still seems to be quite a disparity in amount of sales based on the price of homes Valley wide. The largest amount of homes sold were under $500,000, with a total of 5180 homes sold from July 1, 2006 to June 30, 2007. In the $500,000-749,999 range, there were 1205 homes sold, from $750,000-999,999 there were 518 sold and over $1,000,000 there were 594 homes sold. Palm Springs and Cathedral City led the way in the most homes under $500,000 sold, but La Quinta did sell 444 entry level homes in that same time period. In what is considered the move up level of home, $500,000-749,999, La Quinta was in 1st place for total sold, 202 homes in that category. In the upscale market range of $750,000-999,999, again, La Quinta sold the most homes, 137. And, again, in 1st place Valley wide, La Quinta sold 207 homes in the luxury market over $1,000,000.
It sure seems like a great time to buy a home in La Quinta. We at Beyond La Quinta Real Estate want to help you move to paradise and find your dream home. Paradise awaits in La Quinta.
Construction Update
Construction activity in April was the slowest it has been in the Coachella Valley since March 2001 and even less active than February this year when it seemed we had hit bottom with $79 million in total permit valuation. Building permit valuation for the region as a whole was down 55% compared to April 2006.
Of the nine valley cities, six posted decreases in permit valuation in April 2007 compared to the prior year. Coachella, which was up 150% for the month with $8.1 million in new construction activity, and Rancho Mirage, which was up 28% on volume of $9.85 million, saw increases compared to April 2006. Cathedral City was also up for April with a smaller volume of $3.25 million for an increase of 106% compared to the prior year. A closer look at the figures reveals continued challenges in the valley’s market for new single family housing. In April single family housing comprised less than $50 million of the total construction activity in the valley for one of the lowest monthly totals in the category during the last six years. Other than February this year, with $39 million in single family permit valuation, April’s tally is lower than every month since the beginning of 1998. The continued sluggishness in home sales, particularly at the median price point up to $1 million, and resale inventories just barely below 9,000 units, the region’s homebuilders are waiting to sell as much standing inventory as possible before starting new units. For the year to date, construction valuation in the valley was down 46% at the end of April compared to the same period in 2006 on total volume of approximately $400.5 million. Permit valuation for single family housing for the year to date is down 190% compared to 2006 based on volume of $186 million.
Among the Valley cities, Indio and Indian Wells were down the most in April; they were both down 86%. Indio’s drop was much more dramatic given the volume of it, which was a drop from $75 million in April 2006 to $10.1 in 2007. For the year to date, Indio is down 83%. Indian Wells fell this past April to $1 million in volume from $7.1 million last year. For the year to date, however, Indian Wells is up 25% compared to 2006. Palm Springs saw a decrease of 78% in building permit valuation in April on volume of $4 million compared to $18.5 million in 2006. For the first four months combined, Palm Springs is down just 3% with $51.2 million in construction valuation. Both Desert Hot Springs and Palm Desert were down substantially in April. Desert Hot Springs saw a decrease of 47% in construction activity in April compared to the same month in 2006. Palm Desert was down from $22.4 million in 2006 to $14 million this year for a decrease of 37%. For the year to date, Desert Hot Springs is down 68% and Palm Desert is down 14% compared to 2006. La Quinta posted $14.5 million in new permits in April and was down only 6% compared to last year. For the year to date, however, La Quinta is down 58% compared to last year on volume of $57.5 million. In terms of percentage gain, Coachella led the way among the valley cities in April with an increase of 150% with $8.1 million in new construction valuation. For the year to date, Coachella is down 68% compared to last year. Cathedral City also saw a big percentage increase in April with an increase of 106%. Rancho Mirage, with $9.85 million in new activity, was up 28% in April. In the unincorporated parts of the valley, identified by their school districts, there was an overall drop of $3.7 million in permitting during April. Both the Palm Springs District (-50%) and the Coachella District (-70%) were down considerably. For the year to date, all three districts are trailing their volume of construction activity compared to last year.
Polo Square gains $60 million backing from South Korean investors
The $600 million Polo Square development in Indio that is described as a "city within a city" announced today that it has received a $60 million investment from several South Korea-based investors. The allocation will finance completion of Polo Square's architectural, development and engineering phase, according to Managing Partner William E. Swank Sr.
Swank is the founder of Swank Development Company, a La Quinta-based designer and builder of hotel and resort properties since 1987.
The $10 billion Daol Trust leads the Seoul-based consortium of investors, which includes Hana Wealth Management, Woori Bank, National Agricultural Cooperative Federation and Kwangju Bank.
With financing in place, title to the final land parcels secured and our development and design team well-established, we are making excellent progress. We expect sticks in the ground by mid-2008, Swank said.
While South Korean business investment in the desert isn't common, developer Swank's business relationships with South Korea originated 40 years ago. Swank, a licensed architect, had been an executive with Hyundai, a huge Korean construction fir. During the '70s, Swank oversaw the development of major Hyundai hotel and residential projects throughout Asia.
The loyalty and friendship of Korean business people is incredible, Swank said.
In June, Polo Square hosted 15 Korean banking and investment fund executives who toured the site on Highway 111 near Shields Road. This trip put the desert on the Korean business community's radar screen, Swank said. They stayed in one of our finest hotels, played some golf, dined out, loved our desert and vowed to be back.
Polo Square is being marketed as an antidote for sprawl in Indio. Polo Square will offer entertainment/lifestyle shopping experiences and lock-and-leave condominium living for adult and retirees on its 48-acre site.
Contact details: Nancy Javitch, La Quinta Real Estate Specialist, cell: (760) 774-6063
Office: (760) 777-8870,Southern Hills Real Estate,
78-150 Calle Tampico Suite 101, La Quinta, CA 92253.
License # 01398196.
Email: Nancy Javitch, web: Beyond La Quinta Real Estate
