Thursday, May 17, 2007

San Clemente Real Estate Blog: Week of May 14th

Properties continue to come on the market while sales remain about equal with last year at this time. This week there were 76 properties featured on the South Area Preview List showing the growth in number of new listings as well as listings that agents are putting on the list for repreviews trying to generate renewed interest in their listings. Of these 76 properties, 32 of these have been on the market for at least 30+ days. This is a realistic indicator of what is going on locally in our marketplace.

Let's look more specifically at some individual communities and the properties that were featured this week. Dana Point had a total of 16 listings this week, 5 of which have been on the market for over 30 days. Of the 16 listings, two are condos and the remaining 14 are SFRs. Price ranges are from a low of $790,000 for a 3 bedroom, 2 bath condo with 1235 square feet (with some ocean view from two of the bedrooms) to a beautiful entertainers home on the bluff next to Pines Park in Capo Beach. This 6 bedroom, 7 bath home with pool on a unique piece of property is on the market using value range pricing of between $6,200,000 to $6,750,876. This is definitely an amazing location and a beautifully comfortable home with a mother-in-law suite.

Laguna Hills real estate only had two listings on our preview sheet this week, one condo and one SFR. The 3 bedroom, 2 bath condo is on the market at $665,000 with 2035 square feet and the SFR has 4 bedrooms, 3 baths with 2843 square feet on the market for $1,324,999.

San Clemente real estate continues to show potential. This week there were a total of 35 properties on the preview sheet. This includes 9 listings in Talega that range in price from a low of $729,900 for a 3 bedroom, 2.5 bath home with 2000 square feet; to $2,399,000 for a 6 bedroom, 6.5 bath home with 5917 square feet home in the community of Lucia on a 17,000 square foot lot! A couple of properties to note is a beautiful custom home with unbelievable upgrades including a built-in Viking refrigerator in the garage, Venetian Plaster on all of the walls, and limestone flooring. This home has 3 bedrooms, 3.5 baths with a nice bonus room for a total of 3600 square feet on an 11,000 square foot lot for $1,649,000.

A really great home value in San Clemente is a 3 bedroom, 2 bath detached pool home with 1239 square feet priced at $710,000. The pool is beautiful and the home needs a little TLC but is a great buy for a nice neighborhood. Another 'Ole Hanson was on repreview this week which is a 2 bedroom, 2.5 bath with 3100 square feet build in 1929. This property has the property tax reduction on it where property taxes are $3,500 per year, which is a steal for a home on the market for $2,687,500 with ocean views.

San Juan Capistrano had 19 properties on preview this week including 6 condos and 13 SFRs with only two properties having been on the market for over 30 days. The price ranges on SFRs this week were from the low of $582,000 for a 2 bedroom, 2 bath home with 1400 square feet to a high of $1,879,000 for 5 bedrooms, 4.5 baths with 4000 square feet. Condo price ranges were on the low from $331,900 for a 2 bedroom, 1 bath unit with 834 square feet to $749,000 for a 4 bedroom, 2.5 bath unit with 1737 square feet. We actually had two condos this week on the market for under $400,000! Both of these units would make great income properties.

The last two properties on the Preview Sheet this week included a mobile home in the Shorecliff Mobile Home Park, that sits high on a corner lot with a great view priced at $449,000 for a top-of-the-line Viking double wide and you do own the land! This is a senior park and one of the nicer ones. There is also a view lot (19,000 square feet) with 200 feet of street frontage on the market in San Juan Capistrano for $1,325,000.

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