Wednesday, April 11, 2007

San Clemente and Vicinity Real Estate Update for the Week of April 4th, 2007

This week there were a total of 50 homes on the South Area Preview Sheet plus there were a few write-ins at the marketing meeting. The homes broke out into the following areas: Dana Point; 7 properties, 6 single family residences (SFR) and 1 condo; Laguna Niguel; 1 SFR; San Clemente; 32 total properties, 28 SFR and 5 condos; and San Juan Capistrano with 10 properties; 8 SFRs and 2 condos.

Let's start with San Juan this week. Out of the total 10 properties, two have been on the market for over 30 days. The two condos ranged in price from $349,900 for a 2 bedroom, 1 bath with 834 square feet to $695,000 for a 2 bedroom, 2.5 bath unit with 1580 square feet. SFRs ranged from a low of $579,900 for a 4 bedroom, 2.5 bath with 1624 square feet to a high of $2,795,000 for a 3 bedroom, 4.5 bath property with 4850 square feet. Of particular note there is a nice horse property in Hidden Valley on the market for $2,275,000 that has 4 bedrooms, 2.5 baths at 2572 square feet with an interesting floor plan, raised roof barn and riding ring at the end of a cul-de-sac.

San Clemente had the most listings this week with 32 and 8 of these have been on the market for over 30 days. There is a 2 bedroom, 2 bath condo on the market with 823 square feet, ocean view for $465,000 as well as a 2 bedroom, 2.75 bath penthouse on the market with 1902 square feet for $1,950,000. Single family homes range in price from a low of $569,900 for a 2 bedroom, 2 bath - 1250 square feet in Villagio to a beautiful home in Misty Ridge with 4 bedrooms, 3.5 baths and 3841 square feet for $2,295,000. Nice location, nice views and a beautiful peaceful yard. This one has a totally state-of-the-art kitchen and a downstairs master. Talega has 8 listings this week on preview ranging from $920,000 for a 5 bedroom, 3 bath home in Seaside with 2635 square feet on an 11,000 square foot lot to a Montellano plan 3 with 5 bedrooms, 5.5 baths at 4700 square feet for $1,650,000.

Laguna Niguel has only one listing in Bear Brand Estates that is 5 bedrooms, 4 baths, 3422 square feet for $1,798,800.

Dana Point has 4 properties that are on repreview which leaves only 3 new listings on preview this week. This includes a 2 bedroom, 2 bath condo with 870 square feet for $415,000. Two of the SFRs are repreviews that are new construction finished last year. One home of note is a new listing 6 bedrooms, 6 baths, four car garage street-to-street lot with a very unusual floor plan. This is the ultimate party or fund-raising house and is on the market at $2,999,900. Another noteworthy home is in Emerald Ridge, 3 bedrooms, 2.5 baths, 2400 square feet on a very private and quiet cul-de-sac with views of the ocean. This home boasts a beautiful pool and spa in a pleasing peaceful environment at a price of $2,195,000.

If you are thinking of selling or are in the market to buy, I would love to talk to you about what is going on in our local market.

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