Thursday, March 22, 2007

South Orange County Real Estate Update A/O 3/19/07

This week there were 63 properties featured in the South Area Preview sheet ranging in price from the low of $308,000 for a one bedroom, one bath condo with 680 square feet to a double lot on Beach Road in Capo Beach for $10,199,900, with a little bit of everything thrown inbetween. A few preview were cancelled due to the rain, we all know that South County Real Estate agents melt! Oh my gosh! How totally spoiled are we, a few drops of rain and people start cancelling. Oh well, drops the number down to try to see. Although there are 63 properties available to see, it is pretty hard to see more than about 15. It depends on the size of the property, but obviously, those huge homes take more time to go through than a small condo.

Let's start with Dana Point this week which featured a total of 12 properties, 4 condos and 8 single family residences (SFR). Five of these properties have been on the market for 30 days or more. Of the condos, the low price this week was $460,000 for a lower unit in Seaview Condos that is a highly upgraded unit, two bedrooms, one bath, with a one car garage and 730 square feet to $1,150,000 for a 1,400 square feet condo with 2 bedrooms and 2 baths, two car garage in Tennis Villas for a completely remodeled unit in the style of Tommy Bahama.

Single family residences ranged in price from $799,000 for a 3 bedroom, 2 1/2 bath home with approximately 2,000 square feet to the $10,199,900 double lot on Beach Road that includes plans for a Chris Abel designed home of 6,432 square feet. This lot has 74 feet of beach frontage. The site consists of two legal lots which can be developed separately.

Laguna Niguel featured only two properties this week, both condos in the Beacon Hill development, one lower unit and one upper unit ranging in price from $365,000 to $389,000 for 2 bedrooms and 1 bath with 865 square feet of living space with carports.

San Clemente featured the most properties this week with 36 properties, twelve of which have been on the market for 30 days or more. There are 9 condos and 27 SFRs. Seven properties are in Talega with 2 condos and 5 SFRs. The lowest priced condo is a one bedroom, one bath 680 square feet unit in the Vista Pacifica development priced at $308,000. The highest priced unit is new construction in North Beach for a 4 bedroom, 5 1/2 bath 2,794 square feet unit with a 4 car garage. This unit has plenty of views and a 1084 square feet of outdoor decks. Twenty seven SFRs include on the low end a 3 bedroom, 2 bath home with 1350 square feet home in Forster Ranch Colony. The upper end features a 4,178 square foot home in Sea Pointe Estates with 5 bedrooms and 5 1/2 baths on a single level with fabulous views. This is a great corner lot and includes a four car garage with plenty of storage. Probably one of the better values I saw this week includes a property with 3 bedrooms, 2 1/2 baths, plus loft - end of cul-de-sac location with 2615 square feet of living space that has been nicely done that sure looks like an excellent value at $859,000. Of note in Talega, there is a home in the Vizcaya development that recently had a $100,000 price reduction that is on the Talega golf course.

San Juan Capistrano only had 13 properties featured this week with 7 having been on the market for at least 30 days. All properties are SFRs ranging in price from a low of $598,000 for 3 bedrooms with 1 1/2 baths having 1210 square feet to a high for a property in Marbella Crest Estates on the market for $3,665,000 with 4 bedrooms, 5 baths with 5850 square feet, a wine room, elevator, and 6 fireplaces. One really great buy is a property over by the Boys and Girls Club that is a cute 4 bedroom (3 bedroom + den) 2 bath house with 1750 square feet on the market for $779,900. They have done some really nice improvements on the property and this is definitely a must see if this is your price range and neighborhood. Another higher end property to note is a 4 bedroom, 4 1/2 bath home in guard gated Connemar By The Sea. This property is offered at $2,795,000 and has 4500 square feet with gorgeous views.

No comments: