I took a peek today at the MLS to see what the activity has been in certain communities in San Clemente. For instance, in Talega as of today, there are 162 active listings. 31 of these are condos and the remaining 131 listings are single family residences (SFR). On the low end with price, a two bedroom, two bath condo with 1358 square feet is on the market for $419,999 - while on the high end, the pricest home is listed at $2,899,000 with 5633 square feet, 5 bedrooms and 5.5 baths.
This indicates that the real estate inventory in Talega is slowly shrinking. At the beginning of November, there were 183 properties in Talega on the market. Average list prices for condos is in the low $600,000's while for SFRs, the average list is in the $1.2 million range. It is still taking on average over 80 days to sell.
This time of year the market usually picks up slightly for those corporate transfers that want to be in place by the beginning of the new year. This is also an excellent time to pick up good deals since homeowners are usually motivated to sell.
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