It is February and properties are coming on the market when our old inventory is still sitting. This is going to make a really tough Spring unless the economoy bounces back with a flourish. Homeowners please note, the old rules don't apply right now. Putting your home on the market now for it to sell by May is not the way this market is moving - unless of course you have priced your house based on 2004 comps. Sellers do not want to hear this news, but please wake up and take note. If you don't have to sell, DON'T! Get your property off the market. There are way too many real estate agents out there that are not being honest with you. They want the listing and will tell you whatever you need to hear. Agents are even letting sellers set the sales price. Why bother with an agent if you are not going to take their advice?
Our preview sheet this week there were 48 listings; 20 in Dana Point, 2 in Laguna Niguel, 19 in San Clemente, and 7 in San Juan Capistrano. If you are looking for a large flat lot with a quaint New England feel and beautiful gardens, there is just the property for you in San Juan Capistrano, 4 bedrooms, 3 baths with about 3,000 square feet on the market at $1,345,000.
In San Clemente's newer community of Talega there is a bank owned property with a huge backyard that has a canyon/hills view in the neighborhood of Farralon Ridge. The home has 3 bedrooms, 2.5 baths with approximately 2,000 square feet - it is listed at $761,000!
There are a number of new listings or re-listed listings in Southwest San Clemente. Unfortunately, many of these remain over-priced for today's market. One listing has been on the market for over 8 months and the price has still not been adjusted.
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1 comment:
Wow, great article, I really appreciate your thought process and having it explained properly, thank you!
Orange county property
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