Thursday, March 29, 2007

South Orange County Real Estate Update A/O 3/26/07

This week there were another 60 properties on the South Area Preview sheet. A number were repreviews as well as plenty of new listings. Some are great properties at decent prices but there are still some real funky properties that are way over price. For instance, there is a new listing in Monarch Beach. The property is a 3 bedroom/3.5 bath on one level, but the floor plan is funky, floors need to be refinished, carpet needs to be replaced, and the price is way over the top. After looking at several other view properties, this has to be the most overpriced property I have seen in some time. I guess some people don't listen to the media!

Let's look at other Dana Point properties, which include 13 listings on the preview sheet for this week. There were 9 single family homes and 4 condos. A total of three of these listings have been on the market for over 30 days. On the low end, there is a new condo listing at $454,000 for a 1 bedroom, 1.25 bath with 935 square feet on ground level. The high end condo this week is on the market for $1,200,000 for a 3 bedroom, 2.5 bath with 1980 square feet.

Single family residences (SFR) had a low of $799,000 for 3 bedrooms and 2.5 baths with 2000 square feet, and there is another property at the same price point with 3 bedrooms and 2 baths with 1000 square feet but is an ocean view beach cottage. The high end in SFRs for Dana Point this week is a really great listing on Camino Capistrano close to the San Clemente border on the bluffs with a fabulous ocean, coastline, and white water views. Nice home with a great floorplan that maximizes the view. This home has 5 bedrooms and 3 baths with a total of 4293 square feet on the market for $4,950,000.

Laguna Niguel only had two listings this week in our area, one a condo for $925,000 for a 3 bedroom, 2 bath at 1658 square feet and a SFR that has been on the market for over 30 days at $1,800,000 with 4 bedrooms, 3.5 baths and 2600 square feet.

San Clemente has a total of 33 properties on the preview sheet this week, 9 condos and 24 SFRs, with 12 properties having been on the market for over 30 days. The low end condo this week is on the market for $308,000 for a one bedroom, one bath with 680 square feet in the Vista Pacifica development in Rancho San Clemente. The high end condo is on the market for $734,000 for a 2 bedroom, 2 bath single story townhome with 1125 square feet with an ocean view. Talega only had 7 homes on the preview sheet this week with the low home being priced at $739,999 for a 3 bedroom, 2.5 bath Solana model with 1678 square feet. The high end for Talega is a 5 bedroom, 4.5 bath Montellano model with 4300 square feet. The high end for San Clemente this week is a 5 bedroom, 5 bath home that sits on 3.5 acres that includes vineyards. The home has 4700 square feet and is priced at $2,200,000. A couple of homes to note in San Clemente this week include a listing in Del Cabo, this is a nice corner lot, with a real nice feel that is priced well at $1,199,900 for 5 bedrooms, 3 baths, 3 car garage with 3087 square feet. There is a nice listing with an upside down home for $1,695,000. Nice house if you don't mind having your kitchen upstairs. At least this house installed a dumb waiter from the ground floor so you don't have to carry your groceries up the stairs. Ocean and canyon views for $1,695,000 for 4 bedrooms and 3.5 baths with a total of 3860 square feet. Another property to note is has beautiful ocean views from a well thought out home that has 4 bedrooms and 3 baths and 2900 square feet. This one has a huge lot with room in the backyard for a pool.

San Juan Capistrano this week only has 12 properties on preview all SFRs. The low end includes a 3 bedroom, 2 bath in a 55+ community for $599,000 and a 3 bedroom, 2 bath in Mission glen for $709,000. The high end includes a 6 bedroom, 5.5 bath home with 5800 square feet for $3,399,000.

If you are priced competitively for this market the buyers are out there. Should you have any questions regarding a specific property or want more information, please do not hesitate to give me a call or send me an email.

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