Dana Point Homes – Median and Average Prices Down for November

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December 15, 2010

Median and Average Prices Down in Dana Point- Supply Up

The rule of supply and demand is evident in that wonderful community of Dana Point.  Sellers continue to bring new inventory onto the market just at levels above the sold levels.  There is slightly more inventory entering the market than sold for most of 2010.  Some of these homes are short sales and look like they are still on the market but they have offers and could be sold at any time.  This is a buyer’s market, supply is good and what a beautiful community!  The ocean breezes, incredible sunsets, shopping, recreation and excellent schools.  If you are ready to move up or have saved for your first home, don’t start the new year on the fence.  Get your dream home now and save money at tax time and beyond.  Dana Point deserves every buyer’s consideration.

Do you want to see more graphs?  Click here to see the report

Prices dip but Supply is excellent

Categories: Coastal Single Family Homes, Dana Point, Residential Real Estate.

Old Inventory Clears Out – Dana Point Condominiums

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December 15, 2010

Old Inventory Moves - Supply Up

 

Supply of new condominiums has been good all year.  Sales have lagged though.  The average time on the market for the condos sold in November was 144 days (almost 5 months).  One was almost a year.  The average and median prices were among the lowest for 2010.  Many of these were distressed sales and long escrows.  The good news is that the buyers are getting bargains.  Prices are the incredibly attractive.  There is no reason to delay for the first time buyer.  This is the opportune time!  Interest rates could go up and there is nothing more expensive than rent.  Time to get pre-approved and buy!

Would you like to see the properties? Click here to see the report

Categories: Coastal Condominiums, Dana Point, Residential Real Estate.

The Average Price for San Clemente Homes Skyrockets!

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December 8, 2010

Average Sold Price for November 2010 $1,031,214

Wow!  Fourteen properties sold in November in San Clemente Zipcode 92672 and five sold for more than a million dollars. 4004 Ariana sold for $3,750,000 and was on the market for less than 4 months.  Let’s wish that family a Happy Holiday!  You can click on the link below and see more detail about that house and the other five spectacular homes.

More details?  Click here to see the report

New Inventory outpaces Solds for November 2010

Unlike most years when sellers take their homes off the market in the Fall, we have a sudden increase in homes for sale in 92672.  Now is the time to buy.  The selection is awesome and these homes are ocean close, many have ocean views.

Inventory Increases as Sales Slow

Sales fir 92673 have not been this slow since April 2010. At least 30 homes have sold each month for months on end, then November hit.  Only 20 sold.  We certainly hope that the buyers are still out there and continue to support our sellers. Six of the homes were over a million dollars and one was almost three million.  We do have wealthy buyers looking for that exceptional ocean view home.  If you are thinking of selling one, don’t let the bad news on the television convince you not to market your home.  This is the time when a good Realtor is worth their weight in gold.

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Average Sales Price for 92673 Hits a New High!

Wow!  The average sales price for 92673 was $930,275. That is a twelve month high.  Those expensive homes are selling.  People have more money that you might think and real estate is a bargain.  If you want to buy or invest, now is the time!  See your lender for more good news.

Categories: Coastal Single Family Homes, Residential Real Estate, San Clemente.

Average Condo Price up $50,000 (92672)

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December 8, 2010

Average Condo Price jumps $50,000 over Last Month

 

The older part of San Clemente is seeing a recovery in condominium prices.  The ocean view condos are particularly desirable.  One sold last month for $875,000.  That means financing is becoming easier for the condos in the upper price ranges.  Most condos were close to the average price of $459,500, but only two were on the market for an excessive amount of time. You can expect to sell your condo if the price is right within 2 months.  Just enough time to pack!

Want to see the details?  Click here to see the report

Prices bounce back in November for Condos in 92673 of San Clemente

We are back on top after 6 months of average price fluctuations.  November’s average was $452,000 for the newer condos in zip code 92673 of San Clemente.  Buyers paid within 1% of the seller’s asking price and this has spurred a burst in inventory.  Come on out all of you eager buyers who want a condo in the newer areas of San Clemente!  You can still qualify for amazing interest rates and a tax deduction before the year ends.

Want to see the details and more?  Click here to see the report

Categories: Coastal Condominiums, Residential Real Estate, San Clemente.

San Clemente 92673 Condo Market is Hot!

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December 6, 2010

Sellers and Buyers are ready to go!

Wow!  The sellers and buyers are ready to go in the San Clemente (92673) newer areas.  Inventory lept up and the buyers kept pace.  Only one other month this year were the buyers as enthusiastic about buying.  This really gets the market moving.  When the condominium owners can move up or out, then the new buyers and the investors step in to create value in the market.  When the condo owners cannot find buyers, the market really slows down.  Thank you sellers for putting excellent prices on your properties and enticing buyers out of their rentals and investors out of some of their stock market investments.  We need a stable Condominium Market.  Thanks to everyone and especially those low interest rates that make homes more affordable.  Check with your favorite lender, there are deals on loans that are just incredible.

For all the details – Click here to see the report

Categories: Coastal Condominiums, Residential Real Estate, San Clemente.

Sales are low for San Clemente 92673 but old inventory moves

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December 6, 2010

Short sales are to blame for the length of time on the market

Sales were slow for San Clemente’s newer areas (92673) but a number of homes had been on the market for a year or more.  Short sales that went in and out of escrow and finally closed are responsible.  One home had been on the market for 445 days and several were over 200 days.  We will all be so glad when the short sales are over.  Our sellers brought out more inventory for the buyers.  There are plenty of wonderful homes and newer homes available.  Time to buy or move up if you have equity.

Designed by Tim Sainburg from Brambling Design

Categories: Coastal Single Family Homes, San Clemente.