Dana Point Harbor at Night
Once you have fallen in love with Dana Point Harbor, you just have to live here. However, making an offer fast enough to get the property is the problem. The days a property is normally on the market from the first day it is listed to the close of escrow is usually 100 days. Not in this market. While there were 3 homes on the market for over 300 days which would increase the Average Days on Market figure, last month so many homes sold and closed escrow quickly, the average was only 84 days. The financed buyers were pre-approved and the cash buyers were ready to close as soon as the paperwork could be completed. The buyers did not want the sellers to change their minds.
Golden Gate Bridge
Last month I completed a sale for a couple who were living in San Francisco. You can imagine how hard it is to jump on a plane in less than 24 hours to see a home and then the disappointment at getting here after a full price offer was made and accepted on the first day. Well, I had to do something to make their retirement dream home come true. The buyers were very internet savvy and spent time every morning, noon and night checking their email and the real estate sites. When either the buyers or I saw a property meeting their criteria, I immediately went over and toured it with my iPAD in the video mode. I explained my tour and commented on each room, the view, the street and the yard and emailed the video or uploaded it to YouTube for them. We still looked at many homes together before making an offer. When we got our offer accepted for a home in Monarch Beach that was just about to come on the MLS, the buyer made an offer based on the videos. She then flew down after the offer was accepted and fell in love with the home. But we needed an inspection and the buyers were so far away! I brought my iPad along for the home inspection and videoed the inspector explaining his findings and pointing out the item or area that needed attention. The buyers felt they were at the property with us. They decided on the repair list. Right before escrow closed, the buyers returned to verify the repairs were done and the property was in the great condition it was when they made the offer 3 weeks earlier. Their loan officer with the Wells Fargo branch in San Francisco did a superior job of getting underwriting approval quickly and the loan documents to escrow quickly and then all the final escrow and loan documents signed in his office. We were just the best team. Just because you live far from here is not a problem. Email me and we will work together to get your home! Cathleen@cathleenpryor.com
If you plan to finance a home and need a pre-approval, please give send me an email. I can refer you to several reputable loan officers who can get the job done quickly. Sellers will pick a pre-approved buyer over one who has not submitted all of his financial documents to a direct underwriter. Be wary of internet lenders who cannot close in less than 45 days. Sellers prefer shorter escrows.
Sales Keep Up and New Inventory is Down
Look at those blue columns, new inventory kept rising earlier in the year but plummeted in June. Do you want to see the current active inventory for Dana Point? Dana Point Homes Currently For Sale There are 140 homes for sale and that is a good amount with so little new inventory. You should be able to find something you want but you need to act fast. Please email me if there is a home you would like to see or make an offer to purchase. Cathleen@cathleenpryor.com The cheapest home is listed for $540,o00. The most expensive is listed at $23.5 million.
Would you like to see more of the most expensive home, 47 Strand? This is right on a bluff overlooking the beach in Dana Point but north of the harbor, so all you see is ocean.
Back of Strand home
This would be a relaxing view to come home to. Really most views are and there are many to chose from in Dana Point with its beautiful sloping hillsides overlooking the ocean. 47 Strand listing
The average price was far less than $23.5 million, so I think you could find something you like!
Average Price for Homes in Dana Point
Average Home Price was $1,803,909
Did I mention one of the homes in the Strands Development sold last month for $22,250,000? That pushed the average price for June way up. The Strands are a very exclusive and brand new community. This oceanfront acreage took a long time to get regulatory approval for building homes. Then the Great Recession made it impossible to finance a large purchase much less a grand home. Of course, cash buyers were not concerned but they waited to the economy to survive the downturn before building began in earnest. Now you have your choice of grand homes.
Entire Sales Report
Would you like to see the entire report listing all the sales for the last 12 months? Entire Sales Report Scroll down and click on any month, then scroll down again and you will see the addresses of the homes sold in that month. Click on an address and you will get the listing information in an abbreviated form with a picture which you can click for further details and the MLS number. Lots of information for you!
Tall Ships in Dana Point – There is an annual festival!
How about the Median Price? This is the price in the very middle of all the sales. This is good news for our buyers who are looking at homes priced under a million.
Median Home Price is $799,000
If you can afford $800,000, then you should know that half of the homes sold for less than $800,000. As I mentioned earlier, there are homes in the $500,000- $600,000 range you can buy right now. All of Dana Point is minutes from the beach. Being a little farther away than on the ocean front has its benefits. Sometimes the fog does not reach your house and the traffic definitely does not. There are gated communities as well as many non-gated communities to choose from.
Schools are excellent and highly rated, the restaurants are eclectic and their food delicious, two world-class resorts are here (St. Regis and the Ritz-Carlton), plenty of shopping (Don’t miss Hobie’s Surf Shop – terrific place to buy clothes and surf things, say hi to Mandy), close to the freeways, and so many ocean activities. The city’s festivals and events are just amazing and usually free! Check out their visitor’s page on their web site: City of Dana Point Visitor’s page There are free concerts, the Tall Ships Festival, Christmas Boat Parade and much more.
Come on down and join the fun! Email me today and we can get you a home here quickly! You will love the relaxed atmosphere and friendly communities.