"California desert communities like Thousand Palms, Indian Wells, and Del Mar have transformed into year-round luxury destinations attracting affluent buyers from major cities like Los Angeles and Santa Barbara. The surge in demand is driven by a desire for resort-style living combined with modern conveniences, leading to a significant increase in property prices and incomes in these areas. Lifestyle amenities such as golf, tennis, and wellness facilities, along with advanced smart home technology, are major drivers of demand for luxury properties in California desert communities."
"Rising property prices, with Riverside County experiencing a median home price increase of 45.6% and Indian Wells seeing a 54.7% jump, reflect the influx of high-income buyers from coastal metros. The growth in local incomes, as seen in Thousand Palms where average incomes tripled and Indian Wells nearly doubled, is attributed to a mix of remote work opportunities and the transition to full-time residential living in the Coachella Valley."
California desert communities such as Thousand Palms, Indian Wells, and Del Mar have become year‑round luxury destinations attracting affluent buyers from major coastal metros. Demand is driven by resort-style amenities — golf, tennis, wellness facilities — and integrated smart-home technology that supports upscale, convenient living. Median home prices rose markedly, with Riverside County up 45.6% and Indian Wells rising 54.7%. Local incomes increased sharply, with average incomes tripling in Thousand Palms and nearly doubling in Indian Wells. Remote work and the shift to full-time residency in the Coachella Valley have accelerated demographic and economic change. The influx of wealthy buyers is creating affordability challenges for longtime residents.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]