Wednesday, March 7, 2007

What's Hot In South County Real Estate A/O 3/5/07

This week there are 61 listings on the South Area Preview Sheet. They are broken out among the following cities, San Clemente has 30 listings with actually 23 listings being under 30 days, Dana Point has 15 listings with 7 of these being over 30 days on the market, San Juan Capistrano has 15 listings with 11 of these listings being less than 30 days, and Laguna Niguel has only one listing which is new.

The following is a break down of condos to single family residences (SFR) and price ranges for each city.

Out of San Clemente's 30 listings 9 are condos and 21 are single family residences. Of the condos price ranges start at $290,000 for a 1 bedroom, 1 bath with 520 square feet to $1,699,000 for a 3 bedroom, 2 bath ocean view with 2000 square feet. There are two of these units on the market, townhome style with one unit having a downstairs master bedroom. In SFRs, the lowest priced home is on the market for $650,000 for a 3 bedroom, 2 bath home with 1618 square feet on a single level with an upgraded interior. The highest priced home on the preview sheet is in Talega priced at $1,850,000 for a Mirador (William Lyon Home) with 4700 square feet with 5 bedrooms and 5 baths.

Dana Point has five condos and 10 SFRs on the market with seven of these that have been on the market for over 30 days. Some have price reductions, some are on preview for the first time, others want a second look. Condos range in price from $335,000 for a one bedroom, one bath with 650 square feet to $775,000 for a two bedroom, two bath unit with 1305 square feet on the ocean side of PCH with an upper unit that has been remodeled. Single family homes range from a 3 bedroom, two bath with 1426 square feet at $935,000 to a five bedroom, 3 1/2 bath 5305 square feet home in gate guarded Lantern Bay with an ocean view for $4,095,000.

Laguna Niguel only has one condo listed this week which is a one bedroom, one bath with 720 square feet for $300,000.

San Juan Capistrano has a total of 15 listings this week, four of which are on re-preview or have been on the market for over 30 days. There are 3 condo listings ranging in price from $495,000 to $539,900 for 1684 square feet. The 12 SFRs on the market range in price from $485,000 for 910 square feet to $3,295,000 for a 5 bedroom, 5 bath home with 5171 square feet in the Hunt Club.

Properties are moving even if the newspapers and media talk about the market being slow. Locally, I have seen more movement in the past couple of weeks than in the previous several months. If you are thinking about buying or selling, give me a call and I can give you more specifics about the market.

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