San Clemente Condos Finish 2012 in a Rush to Buy

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January 16, 2012

San Clemente Condo Sales Completely Turn Around

December was one of the hottest months for sales in 2011.  Who knew? August was slow, September awful, then October was great, November really good for that month and December finishes the year with 19 sales, one of the best months all year.  Inventory is way down now. The past three months sales have swept the new inventory off the market and a number of the old listings.  Whew!  Now we need our sellers to come back on the market. The average days on market dropped to 133, it had been as high as 193 in June. There are many cash buyers out there who can close quickly and usually decrease the average Days on Market figure but the lenders have also been faster to get the loans out.  You certainly need to be completely qualified before you start.  This is not the time to get a pre-qualification from a random internet site. Mike Munzing has an excellent site with a complete application form for you to fill out and see what you can qualify for.  And there is always your bank.  Just bring everything, two years tax returns, three months banking statements,  investment statements, and your last two paystubs.  Then you avoid nasty surprises in escrow.  People have had bad credit experiences in this recession and some have to submit additional paperwork to get their loan approved. 

For all the details on the 2011 sales organized by month – Click here to see the report

The Average Price Drops to $358,618

The average price decreased $23,000 from last month and was one of the lowest for the entire year.  Some really inexpensive condos sold but there was one condo priced at $1,280,000 that sold for $1,101,750.  It still sold for way over a million dollars but the sellers gave a 14% discount on the price. It was on the market for less than 3 months. The condo on the market for the longest length of time was listed for 303 days.  A long year for that seller!

Median Price Dips to $330,000

There were only two other months with lower median prices.  Half of the 19 condos were sold for less than this price and half were sold above this price.  It is a good indicator of the real price of the sold condos and is not as easily manipulated as the average. The cheapest condo sold for $128,000.  Now that is one great way to get into the housing market in San Clemente and work your way up the real estate ladder. Rentals are in great demand in San Clemente, especially during the summer months and winter vacations.  It can pay you to rent out your condo and go vacation or stay with relatives for a few weeks or a month. 

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

YTD 2011 San Clemente Home Sales Still Strong

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December 27, 2011
67 Homes Sold in November 2011

San Clemente is recovering.  Sales were up from October and 10% over November 2010.  Excellent end to 2011 with one month to go.  The December results will be in soon. New inventory is way down from last year at this time. Most of the foreclosures are behind us but there will be some of those in the inventory for months to come. The average days on market has come way down and at 137 is one of the lowest for the entire year. To be sure, there were a few on the market for a year or two, but most were under 6 months.  The most expensive home sold for $2,850,000 (3016 Eminencia Del Norte).  If you click on the link below these comments you can view this listing in detail. Just click on the link, then click on November, then scroll down and click on 3016 Eminencia.

             Link to the list of sold properties – Click here to see the report
Community information on San Clemente? – http://www.titleadvantage.com/mdocs/SanClemente.pdf
Average Price increases to $642,899

The average price has bobbed around the mid-$600,000 range all year. The important statistic is the sellers have caved in on their last listed price by 4% on average to get the home sold.  That is quite a bit of money when you are spending $650,000.  The most expensive home actually gave almost a 20% discount to get the home sold and it was only on the market for less than 5 months before the offer was accepted.  This was a very serious seller.  If you want a multi-million dollar home and want to get the best price, now is the time to buy. Financing is finally available. I have a lender who is willing to finance foreign nationals with foreign bank accounts, income and tax returns.  Loans are available up to $5 million. Send me an email (cathleen@cathleenpryor.com ).

Median Price for San Clemente Homes Up to $575,000

This is on the low side of the previous 12 months but within the range for the year. The graph line has a tight profile.  You can see there is definitely no downward spiral.  This is the bottom of the market and next year we could see more stability and even a small upward trend.  Once unemployment gets resolved, then there will be a big trend upward.  The government backed lending institutions (Freddie Mac and Fannie Mae) are going to be very forgiving of people caught in the Recession.  If they pay all of their bills on time with the exception of the home that was either foreclosed or sold short of the amount owed, and have a good reason to have lost the home, they can get financing in as little as 3 years.  For some people, 2008 and 2009 were the worst. Now that 2012 is almost here, these people have survived the three years and could be buyers again.

 
Here is to a great 2012 for residential real estate and you too!

Designed by Tim Sainburg from Brambling Design

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

Year to Date San Clemente Condo Inventory Scarce

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December 27, 2011
New Inventory Plummets to 7

New inventory in the San Clemente Condo market almost dropped off the cliff.  Just seven new condo listings came on the market in November and fifteen condos were sold. We were a little worried in September when the new inventory was 27 and the sales were just a meager 11 units. But the situation reversed itself immediately and October sales were almost double the new inventory. Now the November sales are in and we can see the inventory is further reduced.  Hopefully our sellers are paying attention and will bring more condos on the market in January.

The Average Days On Market has increased to 149 from 123 the month prior, but well within the range for 2011.  Most condos were on the market for approximately 140-150 days from the beginning of the listing all the way through to the close of escrow.  In fact, one of the condos was on the market for 493 days which pushed up the average. Many of the condos sold in less than 3 months. The old one was on a busy street and that is undesirable.
Click here for all the details for the last 12 months – Click here to see the report
 
Average Price Drops to $381,860

Condos sold with prices starting at $170,000 all the way up to $865,000. There is a wide selection of properties in San Clemente, some are beach front, others can be back in the hills with no view.  Still, all are beach close.  This is a beautiful community with great shopping, schools, freeway access but still retains its relaxed, beachy ambiance.  These condos are perfect get-aways.  You can feel like you have been on vacation for a week after just a weekend in San Clemente.

Median Price Dips to $345,000

This is about average for 2011.  Half of the condos sold for less than $345,000 and half sold for more. Location, location, location as they say.  If you are curious about the specifics of each condo that sold, click on the link to the Market Report, click on any month and review the list. You can click on a specific address and you will see a picture and access to the MLS number. If you use my link to the right of this blog, you can access the MLS data for that sold listing. All of the pictures are available as well as the homeowners association dues (this can vary widely) and there is an airplane icon in the upper right quadrant of the MLS. If you click on the airplane, you will see a map with access to pictures of the block, the street view and of course, the location with respect to the freeways and the beach.  Have fun!
For this information – Click here to see the report

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

San Clemente Community Information

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November 13, 2011

Beautiful San Clemente Beach

 

Take a minute and read about the wonderful community of San Clemente and its history.    California Title Company’s Community Information link -http://www.titleadvantage.com/mdocs/SanClemente.pdf

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

October 2011 San Clemente Condo Sales Are Up and New Inventory Has Dropped Off

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November 12, 2011
Sales Pop up 36% and New Inventory Drops by 37%

For sellers this is extremely good news. New listings are declining and the buyers are absorbing the old inventory.  The days on market declined, of course, to 129; that was one of the very best months this year.  There were three very old listings that finally sold but most were much less than 4 months. The inventory in September really spiked up and caused some worry because sales were declining.  However, the buyers must have been waiting for the right deal and were able to close the transaction quickly.  There are a number of investors picking up beach condos as investments or weekend get-aways.

San Clemente Average Price Rises to $474,618

 This was the highest average price this quarter. There was one condo that sold for $1,300,000, down from the listed price of $1,690,000 (24% discount) and it pushed the average price way up over last month.  This was also the one that was on the market the longest – 402 days.  The others were much, much less.

If you want a better look at a listing, just click on the link at the bottom of the blog post, the market report will appear, scroll down and click on October, scroll down and click on the first address.  The listing information, an icon and a map will appear.  If you note the MLS number and then go to the blog and click on my active link to the MLS, you can input the number and find the full listing as well as all the photos.

Median Price $350,000

This is more like it for San Clemente Condos. This price is right in the ballpark of the prices over the last 6 months but it is down from the price levels early in the year.

For more details – Click here to see the report

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

October 2011 San Clemente Home Sales Keep Pace with New Inventory

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November 12, 2011

57 New Listings and 60 Sales

Since May, the new listings and sales have kept pace with each other. Earlier in the year, the inventory was overwhelming the market’s ability to absorb it.  This is a much healthier market even though the sales and new listings have decreased from the levels set in January through April.  Some short sales have finally moved off the list. Eighteen homes lingered on the market from 7 months to 14 months.  Fortunately these were offset by 22 homes that sold in less than 3 months and as little as 29 days.  The average crept up to 153 days.

The Average Price Dropped below $600,000 for the First Time - $585,473

 The average price dropped to its lowest in 12 months. Wow!  The sellers have given the buyers 4%, 5% and even 6% off the last listing price to sell the home in the past year.  This is amazing.  Buyers should definitely look at San Clemente, the sellers are motivated to make the sale work.  There are many short sales included in these numbers but even the equity sellers are willing to discount their home to get on with their future.  When you sell with the intention of buying immediately, you will take advantage of the low prices for the buyers.  The market is pretty much a level playing field.  When values go down, you can get your new home for much less too.  This is particularly wonderful in California with Proposition 13 cementing in the newest value as the basis for all future taxes.  Once we buy in at a low price here, even if the values skyrocket we are protected from ever having an assessor come out and adjusting our property taxes to reflect the current value of the home.  The taxes can inch up by 2% a year, but that is affordable.  And if the value of the home decreases further, the owner completes a form for the tax assessor to lower the taxes.

Median Price $580,000 – Not the lowest for 2011

The median price was not a shocker. If you have $600,000 to spend on a home, then San Clemente will have several for you to consider.  The median price has fluctuated between $580,000 and the low $600,000′s all year. There were only two homes that sold for more than a million dollars.  The rest were compressed around this midpoint with a few real bargains on the low end.

For more details – Click here to see the report

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

San Clemente September 2011 Condo Inventory Surges! Prices Drop!

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October 24, 2011

San Clemente Average Price Drops Drastically to $356,050

This is the second lowest average price for the last twelve months.  If you could not afford an ocean-close condo before, you can now.  The average days on market dropped to the second lowest for the year too.  The condos are selling quickly and the sellers are still giving an average of 4% off the last listed price.  It is a buyer’s market. Take advantage of the record low interest rates!  What is not to like about the bottom of the market for a buyer?

Sales Drop to 12 Month Low

Only ten condos sold in September but almost three times that amount came on the market as new inventory.  Over the last four months, sales have surged ahead of new inventory encouraging more sellers obviously.  The sellers that were even considering selling are on the market now.  Time to step in with this burst of enthusiasm.  Condominiums are just the perfect starter or last home! The homeowners association negotiates with the gardners and stays on top of building repairs, pool maintenance, landscaping and gets the best insurance rates. The owners just enjoy life.

San Clemente Median Price Drops to $322,500

The few condos that sold were the cheaper ones but there are more to choose from for the buyers still waiting for the right home or investment.  We will see what happened in October when the results come in next week. The ones that sold were not on the market long but buyers have been depleting the inventory so much over the last four months, this is no surprise.  Many buyers are people with homes elsewhere even in Orange County that want a little beach pad to escape to.  There is one for you too if that is what you would like!

Email or reply to this Blog if you would like a list of current inventory!

For more details – Click here to see the report

Designed by Tim Sainburg from Brambling Design

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

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San Clemente September 2011 Sales Up * Inventory Increases Too!

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October 24, 2011
September Sales Up 18% over August

San Clemente Home Sales were up 18% over August.  More inventory came on the market too.  The new inventory has outpaced sales for the last two months but not by much.  The good news for the buyers is the availability of property. San Clemente has two basic areas, one is near the ocean and has older homes but some outstanding remodeled ones, the other, Talega,  is a very new area with lots of modern amenities, numerous tracts and popular floorplans. Fall is the time when real estate sales slow and people celebrate the holidays.  We will see what happens this year. Unemployment is slowly ebbing.  With jobs coming back to Orange County, more activity will take place. Right now the market is hot for investors looking for a shabby residence in need of cosmetic renovation and first-time buyers getting the deals of the century and record low interest rates.  Lenders are encouraging investors and luring renters into the market.  The borrowers do need good credit but not perfect credit, so now is the time to buy. The average home was on the market only 4 months from start to close of escrow.

Average Sale Price Jumps to $653,808

There were several sales around and over a million dollars last month which pushed this number up.  Some of those mansions on the hillsides and in Talega are spectacular.  If you have the money to spend, you will get the best of both worlds, a great view and easy-going beach community as well as an enormous house with all the upgrades. The sellers gave the buyers an average of 4% off the last listing price to sell the home.  You can negotiate in this market but there is also a good number of realistic sellers that have priced their homes to sell.  This is a good market for many reasons.

Median Price in September 2011 is $631,250

This is more like it. Half of the homes (not condos) sold for less than $631,250.  There are some great buys both old and newer homes for under $600,000.  Click on the link at the bottom of this blog entry and select any one of the tabs across the top (Average, Median, Number of Listings), then scroll down and click on the month (September or any other month) and a list of the actual sales by address will appear. If you are curious about a house, then click on the address and a map and MLS information will appear to the right.

For more information – Click here to see the report

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

August 2111 San Clemente Home Sales Continue to Drop

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September 18, 2011
August 2011 Sales Decline Again

New inventory keeps  rising and sales can’t keep up in San Clemente. Sales aren’t particularly sluggish for this coastal community but the new inventory stays strong and will keep prices low. In August, seventy-two homes sold which is a good number for a smaller community.  San Clemente has two basic sections, older homes that were built before 1990 and new developments in Forster Ranch and Talega with large beautiful homes and lots of amenities.  Talega was the hardest hit by the recession and is still recovering.  There are so many good deals for qualified buyers.  If you are a buyer and having a hard time with a large bank, do not despair.  The smaller lenders and mortgage companies are eager to give you a loan, they do not have the stockpile of bad debts.  They follow the Fannie Mae guidelines which are not as strict as some of the guidelines enforced by the big banks.  Ask me for a referral, contact Mike Munzing.  He can get you a loan when others can’t.

San Clemente Average Price Drops to $618,186

The average price dropped to its lowest point in 12 months.  There were lots of happy buyers in August.  Sellers reduced their prices and still gave room in negotiations.  Don’t forget this coastal community in your property search.  Lots of shopping and excellent schools.

San Clemente Median Price Drops to $560,000

More good news for buyers.  Half of the homes sold in August closed escrow for $560,000 or less.  Take a closer look at the ones that sold – Click here to see the report

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

San Clemente Home Sales in June 2011- Off the Charts!

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July 29, 2011

85 Homes sold Just in June 2011 in San Clemente

Wow! The agents and escrow officers did not get any sleep last month. Eighty-five homes sold in just one month.  But May was close behind at 81!  Homes are on the market for 3 or 4 months and sold!  Sales are increasing and far outstripping the other communities.  People are catching on to San Clemente.  A beautiful beach town with new and older housing.  Great Ocean Views!  Terrific shopping, excellent beaches, freeway close.  Great prices too!

June 2011 Average Home Price $624,720

This price reveals that many homes sold for less than the previous months.  The average price in June was less than any month in the last 12.  Sellers are motivated and they have lowered their prices to find the buyer.  Once they arrived at their last sale price, they still gave the buyers a 4% discount to get it sold.  Wow! They are motivated, time to let everyone know about these beach close properties.

Median Price $580,000 for June 2011

The median price was not remarkably low. It was lower than May but within the average for the last twelve months.  Still, there are a lot of inexpensive properties that will appreciate significantly in the future.

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

San Clemente Condo Sales Dropped Back in June

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July 8, 2011

Condo Sales Drop Back to 18 for JuneIt looks like we had an especially good month for investors. The less expensive condos sold but there was a drop from the volume in May. Possibly our first time buyers were at graduation parties. The new inventory and sales numbers reversed themselves over the May results. In June there were 26 new properties on the market and 18 sales. In May there were 17 new properties but 25 sold.The average days on the market are around 6 months and that includes short sales. Short sales have dominated the condominum market for the last two years.Average Price Drops to $312,822

This is the lowest average price in the last 12 months. There were many bargains.

Median Sold Price $285,000 Lowest in Last 12 Months

Some properties that were on the market for 7 months to over 2 years finally sold and closed escrow.
For more details – Click here to see the report

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

Condo Sales in San Clemente Keep Rising

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June 13, 2011

Condo Sales Keep Rising! May Sales exceeded the last twelve monthly sales results and the average for the last three months is now in the 20's. The first time buyers usually snap up condos but some of our seniors are deciding to move down and move to a San Clemente condo for their retirement. One of the condos sold for $2.2 million, but the rest were very affordable and beach close. The Median Price Dropped to $362,500

As most of the sales were for less expensive condos the median price dropped.  The median price is the sale that is halfway between the cheapest unit sold and the most expensive.  When cheaper residences are cleared off the market, this number drops.  Investors are moving into the market in droves.  This is the time to buy a rental property.  Prices are so low and loans are available.  With 30% down, you can often see a positive cash flow immediately.  The tax benefits flow from there.  Unlike your principal residence, these investments can be depreciated.  Home warranty policies make any repairs effortless and keep you and your tenants happy.

Average Sold Price Increases to $451,026

The $2.2 million dollar condo influenced this month’s results. The average is usually in the $400,000′s.  You really need to see the inventory with a Realtor because of the variety of condominiums available.  Some have recently been built and others are over 30 years old.  Ocean views are enjoyed by both extremes.  Very talented contractors have remodeled some older units and these are now exquisite.
For all the details – Click here to see the report

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

San Clemente Home Sales Increase But The New Inventory Is Also On the Rise

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June 13, 2011

Sales Increase to 76 for the Month New Inventory Increases to 97

Starting with August of 2010, only March sales were better. This shows a strong market in San Clemente and many first time and move up buyers benefitting from the low interest rates, low prices and excellent supply. There appears to be an excess of around 20% for the year when you compare new listings to sales.  There are 286 active listings as of the date of this post.  If you want to own a home in beautiful San Clemente, there has to be one in your price range that you will like. This is very generous inventory.

Median Price moves up to $612,600

A number of expensive homes sold in May moving the median price up.  This is the highest median price in six months.  These are smart buyers who are taking advantage of the low interest rates. Depending on the size of the Jumbo loan you want, I can refer you to a few lenders who have specialists that handle only million dollar+ loans.

Average Price Pops Up

The average price popped up a little but it has maintained a spot in the $600,000 range for months.  There are so many homes (not condos) selling for less than $600,000,  it is a buyer’s paradise.

If you would like to see the actual sales for any given month, click on this link, then scroll down and click on a month.  The addresses and prices will be listed. Click here to see the report

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

San Clemente Condo Average Price Increases 9%

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April 6, 2011

San Clemente Condo Prices On the Rise

San Clemente Condominium prices are now back on the upswing. The average price rose over $30,000 from February, helped no doubt by the residence on Pasadena that sold for $1.6 million.  What a wonderful condo that is! The good news is the number of units that sold. This is the best month of 2011 with more good news to come. The lenders have relaxed their guidelines and I have a good referral for you if you are having any trouble qualifying.  Small business owners have really had a hard time getting a loan from the major lenders, but there are smaller lenders with the same or better rates that can help you. Give me a call.

Click here to see the report  – Get all the details of each sale

San Clemente Condo Sales are Up and New Inventory is Scarce.

Designed by Tim Sainburg from Brambling Design

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

San Clemente Homes see 100 New Listings

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March 4, 2011

Wow! 100 New Homes on the MarketSales have been good but 100 new properties! Wow! This is the time for all buyers to get out there and look. The sellers are ready to move. Interest rates have just dipped a little and are still historically low. Please call me or your broker to take a look. This is the time to get a great buy!http://la.mls-office.com/prospects/contactMarketReports/view/sommaire.doMedian Price is $540,000

This is down from the $600,000 range but reflects some lower priced inventory selling.

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

San Clemente Condos Sales Steady

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March 4, 2011

Condo Inventory for San Clemente Increases

Over the last year 265 condos in San Clemente came on the market and 182 were sold. Just last month 31 new condos were added.   There is a lot of new inventory for our eager buyers.  Most were from the new areas and have those very popular floor plans. San Clemente is such a beautiful community.  You have to take a look!

http://la.mls-office.com/prospects/contactMarketReports/view/sommaire.do

Average Price Dips to $359,000

Prices could not be better!

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

San Clemente – 92673- Inventory Jumps!

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February 7, 2011

Inventory jumps in the newer areas of San Clemente

Inventory skyrocketed in the newer areas of San Clemente.  Sales were the lowest in the last three quarters with prices also scraping the bottom. Yet our sellers want to sell.  52 new listings for the month!  This is the time to buy your new dream home.  These homes are the latest floorplans and many have wonderful views.

Click here for the list of properties – Click here to see the report

Median Prices for 92673 Homes Still Low

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

San Clemente Homes Off to a Great Start for 2011

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February 7, 2011

Sales are Strong for the older areas of San Clemente

2011 is off to an excellent start!  For the second month, sales in the older section of San Clemente (92672) came in at 21 homes for the month.  December was very slow in other areas but not in beautiful San Clemente. Inventory is shrinking and prices are going up. The median and average prices are up. More expensive homes are selling too!  Get your dream San Clemente ocean-close home now!  See you lender for preapproval!

Click here for the list of homes that sold – Click here to see the report

Prices are rising with demand

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

San Clemente – Newer areas- Inventory jumps

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February 7, 2011

Wow! Inventory tops monthly record for 2010

The sellers are motivated!  We had 15 new condominiums hit the market in January. This far surpasses the monthly new inventory for all of 2010. And sales were just as brisk.  Thank you buyers!  With all of the inventory to choose from, the buyers jumped in!  Interest rates have risen slightly so don’t miss out.  They could escalate further if problems in the Middle East cause worry about oil prices.

Click here for more information – Click here to see the report

Median Price hits a new high over last 7 months

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

San Clemente Condos 92672 Activity Slow for January

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February 7, 2011

Sales in San Clemente -older condos- slowed in January

Only four condominiums sold in San Clemente in January.  A very slow month.  There were several that had been on the market a long time.  The median and average prices were down also.  Let’s hope for a better February.

Click here for details! -Click here to see the report

Median prices were also down for the last quarter

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

San Clemente Homes 92672 Dip in Price

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January 4, 2011

Homes in San Clemente 92672 Dip in Price

Most homes in San Clemente (92672) sold in the very affordable range. The average price dipped to $657,291 and the median price to $647,500.  Unlike November, very few expensive homes sold in December.  More properties sold in December than November and outpaced new inventory.  Many of these older homes have ocean views and nice lots.  If you can afford a home under $700,000, look in San Clemente and take advantage of the low interest rates.

Interested in more details?  Click here to see the report

Inventory is Diminishing

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

San Clemente Condos Up and Down

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January 4, 2011

Prices climb for condos in 92672

Condominium prices were up in San Clemente (92672), the older area. The average price was heavily influenced by one residence that sold for $1,400,000, but the median price also increased to $580,000.  Clearly the condominiums sold for higher prices and more high priced condos sold.  There was a different story in the newer area of San Clemente (92673).  The average price was down, the median was down and the number of sales were down, but the inventory is shrinking too.  Expect those prices to come up.  Those condos have Mello Roos and higher association dues, but they are beautiful.  There are still some very nice residences for sale and buyers should take a look.

Interested in the details?  Click here to see the report  (92672)

                                                    Click here to see the report   (92673)

San Clemente 92673 Condo Prices Down

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

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.

Need more information?   Click here to see the report

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!

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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.

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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.

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