What's New In South Area Preview - Week of 2/19/07

This week there were 49 new properties listed on the South Area Preview sheet. They are broken out into the following communities:

• Dana Point had 18 listings on preview
• San Clemente had 27 listings on preview
• San Juan Capistrano had only two listings on preview
• Laguna Hills also had two listings on preview

Dana Point listings included 5 condo listings with the remaining 13 being for single family residences (SFR). Four of these homes have been on the market for over 30 days. Three of these are brand new construction that have now been staged and range in price from $1.8 to $2.3 million. The other home is a small beach-like cottage that shows very well and is packed with upgrades except for the size which is 945 square feet. Great little cottage on a nice quiet street.

The San Clemente listings on preview include 9 condo listings, one duplex in the Pier Bowl area, and the remaining 17 listings are SRFs. Of these listings, nine have been on the market for over 30 days. One listing (a condo) is a foreclosure. Seven of the listings are in Talega with three of the homes being brand new.

Both listings in San Juan Capistrano are newer listings for single family residences in the $1.3 to $1.4 million price range.

The two listings in Laguna Hills include a condo and a SFR both of which are new on the market. The condo is a 2 bedroom, 2 bath starter in the high $300,000s. The detached home is a 4 bedroom, 2 bath with approximately 1730 square feet in the $800,000 range.

Orange County South Area Market Update A/O 2/11/07

There are 58 properties on this week's preview sheet broken out as follows:

Dana Point 9 properties of which 6 are SFR and 3 are condos
Laguna Niguel 3 properties of which 3 are SFR
San Juan Capistrano 9 properties of which 8 are SFR and 1 is a condo
San Clemente 37 properties of which 25 are SFR and 12 are condos

TOTALS: 58 properties 42 SFR 16 condos

Of the 58 total properties, one in Laguna Niguel is actually listed twice since it is for sale or lease. It was just placed on the market for sale but it has been for lease for over 6 months. This is a large custom home.

In San Juan Capistrano, two SFR and one condo have been on the market for over 30 days. One of the SFR is now vacant and has been reduced in price, the other property has been on the market for a little over 3 months but is a large custom home in $1.8+ price range.

In San Clemente, nine of the total 37 properties have been on the market for over 30 days. One of these properties is a duplex in the $2.2+ price range. Three are condos that are in the $1 million plus price range. The other 5 properties that have been on the market for over 30 days include a home in Talega, a SFR in Harbor Estates, a SFR in Villa Pacifica, a home in Mandalay that has had a price reduction, and the last SFR in the Colony at Forster, which has just recently been painted.

Real Estate Update: Week of February 4, 2007

Every week, each area has a broker preview. New listings are usually highlighted as well as properties that might have been over-looked. I will summarize what is new on the market every week.

This week 58 total homes were on the broker preview in the South area. They are broken out as follows:

Dana Point: 8 SFR 3 Condos
San Juan Capistrano: 7 SFR 0 Condos
San Clemente: 33 SFR 7 Condos

TOTAL 48 SFR 10 Condos

Of these listings posted for broker preview, 1 listing in Dana Point is an older listing with a price reduction, 2 listings in San Juan have been on the market for over 30 days, and in San Clemente, 10 of the listings are 30 days or older (7 SFR and 3 condos). There is always a variety of reasons why listing agents put homes on the preview sheet after they have been on the market for awhile. Sometimes they have a price reduction, sometimes they have completed improvements, sometimes the week it was on preview we had bad weather which influences turnout. Sometimes they simply want to regenerate interest in their property.

Price ranges for these previewed properties include on the low side in Dana Point a SFR at $739,000 up to an ocean view, 5,000+ square foot home for $3,299,000. In San Juan, $495,000 for a SFR up to $3,295,000 for a 5,000+ square foot home with golf course view. San Clemente price ranges vary between $315,000 for a one bedroom, one bath condo on the ground level to a $6,800,000 ocean view property in Cypress Cove.

Interest does seem to be picking up with more people attending agent open houses on the weekends. If there is something specific you are looking for, please let me know. I do attend broker preview and I love being able to narrow my search down for specific properties based upon a client's needs. I look forward to hearing from you.