Thursday, February 15, 2007

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.

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