A P R I L 2 0 1 8
t he
GREEN sheet
TA L EGA’S RED-HOT RE A L E STAT E M A R KE T
E C H E L B E R G E R G R O U P D I V E S I N TO M A KO C H A L L E N G E 6 .0 AT S A N C L E M E N T E ’ S V I S TA D E L M A R S C H O O L They ran! They jumped! They conquered! The kids at Vista del Mar Elementary and Middle School scored big during their recent MAKO Challenge 6.0, and the team at Echelberger Group is proud to have been part of such an important event. Held on March 8, the Mako Challenge 6.0 was an exciting on-off campus run and obstacle course optimized to challenge students and promote physical fitness. Students ran an off-campus two mile run and completed one or more laps of the MAKO Challenge; facing off against hay bales, tires, slaloms and more. “We are huge supporters of the MAKO Challenge and are proud to have participated in and sponsored all six events,” noted Doug Echelberger, Talega's #1 real estate agent. “This year we distributed waters and helped the kids at Hay Mountain, which was a lot of fun for all of us and the kids as well. We are genuinely honored to be able to help the kids and give our support to a community that we love.” The MAKO Challenge raises funds to expand S.T.E.A.M. programs (Science, Technology, Engineering, Arts, Mathematics) for all students at Vista del Mar. The MAKO Foundation was established in 2005 by the parents of Vista del Mar Elementary and Middle School. It is a volunteer-led, non-profit organization that is dedicated to providing financial support for the educational excellence and enrichment programs of students at Vista del Mar Elementary and Middle School. The MAKO name originated as a mascot for the school, symbolizing the school’s spirit as well as representing the philosophy of the foundation: “Maximizing Academics Knowledge and Opportunity”.
we help c lien ts find a p l ace ca l l ed. . .
Home
We respect your time, and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can. For more information, or to be the first to learn about pocket listings, open houses, market reports, and local events visit us online or call 949. 498.77 11 .
F E AT U R E D R E S I D E N C E
33 Via Cristobal
space
3 bed | 2.5 bath | 2,088 sq ft
Enriched by a prime end-of-cul-de-sac location in Talega of San Clemente’s inviting Sabella neighborhood,
to be
this bright and airy residence is distinguished by an enormous homesite of approximately 7,031 square feet.
enjoyed
Featuring a paver-finished patio, mature landscaping, lawns, fountain, and a backyard joined by two side yards;
each large enough for a future pool. A classic covered front porch leads the way to an open floorplan that features three bedrooms and two-and-one-half baths in approximately 2,088 square feet. An abundance of windows and high ceilings create a light atmosphere that is ideal for entertaining in the formal living room and a casual great room with corner fireplace, built-in entertainment center island, bar seating, granite countertops with full backsplash, handsome cabinetry with task lighting underneath, a walk-in pantry and stainless steel appliances. Ascend a multi-tiered staircase to a spacious second level, where a luxurious master suite pampers with an oversized walk-in closet with mirrored door, a soothing jetted tub, separate shower and dual vanities with granite countertops. The upper floor is also home to a laundry room, and the first level features an attached two-car garage. Sabella is moments from Talega’s broad spectrum of attractions; including award-winning schools, miles of hiking trails, beautiful open space, a championship golf course, shopping centers, business centers, pools and tennis courts. w w w .33V i a C r i s t o b a l . c o m
2 | w w w.E c hel berger.c o m
with lighted shelving, and surround sound. Patio access compliments a dining room that adjoins a gorgeous kitchen complete with
TA L E G A R E S I D E N C E S
3 | w w w.E chel berger. co m
Re pres e nte d by Dou g Ec h e l b e rge r
1
2
3
4
5
6
7
8
9
10
11
12
13
ADDRESS TRACT PRICE BED BATH SQFT
In Escrow
1 | 20 Via Conocido 2 | 45 Calle Careyes 3 | 14 Via Alcamo 4 | 1 Calle Careyes 5 | 17 Calle Loyola 6 | 32 Via Jacobea 7 | 17 Via Abajar 8 | 33 Via Cristobal
Lucia Careyes Alta Careyes Alora Catania San Lucar Sabella
$2,775,000 $2,195,000 $1,925,000 $1,899,000 $1,695,000 $1,289,000 $965,000 $899,900
5 4 5 5 6 4 5 3
5.5 5.5 5.5 5.5 6.5 4 3.5 2.5
6,055 4,689 5,136 5,367 4,503 3,547 3,147 2,088
9 | 18 Via Alcamo 10 | 422 Camino Bandera 11 | 17 Via Lampara 12 | 20 Calle Mattis 13 | 18 Via Cancion
Alta Pacifica Talega Alora Carillon Miraleste
$1,995,000 $1,595,000 $1,397,700 $1,285,000 $1,095,000
5 5 4 6 5
5.5 4.5 4.5 6.5 3
4,850 4,333 4,026 4,170 3,015
18 Calle Castillo 16 Calle Galeria
Pacifica Summit Waterleaf
Sold 2018
31 Calle Viviana*** 17 Corte Cabrito* 27 Via Torina*** 12 Via Paulina* 14 Calle Castillo* 23 Via Jacobea**
Lucia Carillon Carillon Alora Pacifica Summit Catania
-- -- $2,950,000 $1,540,000 $1,535,000 $1,525,000 $1,195,000 $1,050,000
- - 5 5 4 5 4 5
- -
5.5 4.5 3.5 5.5 4.5 4
4,372 5,367 5,777 3,786 3,573 4,400 3,952 3,547
review from your talega neighbor Doug Echelberger has extensive experience in the market and was able to tell us exactly what we needed to do to prepare our home to sell. With his team of support, Echelberger Group was very professional and efficient throughout the entire escrow process. Thank you!
~ Eric and Mieko Cochran (Calle Castillo | Talega, San Clemente)
call us today, for a COMPLIMENTARY home evaluation from talega's #1 real estate agent since 2003 DOUG ECHELBERGER 949.498.7711 | doug@echelberger.com * Represented Seller
** Represented Buyer
***Represented Seller and Buyer
4 | w w w.E chel berger. co m
Acti v e
the
sheet
YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N M A R CH
TOWNHOMES TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Alassio Visit www.TalegaGreenSheet.com
Active
$514,900
$345
1,494
3/3
2
--
307 Calle Campanero
SOLD
$541,500
$325
1,668
3/3
2
--
11/14/17
16 Paseo Del Rey
SOLD
$515,000
$369
1,395
3/3
2
--
11/30/17
30 Paseo Luna
SOLD
50 Paseo Luna
SOLD
304 Calle Campanero
SOLD
$505,500 $482,000 $490,000
$344 $371 $334
1,468 1,300 1,468
3/3 2/2 2/3
2 2 2
-- --
11/14/17 1/26/18
--
2/28/18
Carmel Visit www.TalegaGreenSheet.com
Active
$839,000
$356
2,358
3/3
2
--
Visit www.TalegaGreenSheet.com
Pending
$799,000
$339
2,358
3/3
2
--
SOLD
$820,000
$397
2,066
3/2
2
--
Visit www.TalegaGreenSheet.com
Active
$635,000
$363
1,748
3/3
2
--
Visit www.TalegaGreenSheet.com
Active
$659,900
$393
1,679
3/3
2
--
Visit www.TalegaGreenSheet.com
Active
$639,900
$366
1,748
3/3
2
--
Visit www.TalegaGreenSheet.com
Pending
$629,000
$360
1,748
3/3
2
--
Visit www.TalegaGreenSheet.com
Pending
$599,000
$343
1,748
3/3
2
--
190 Paseo Vista
SOLD
$628,000
$372
1,686
3/3
2
--
11/20/17
48 Paseo Vista
SOLD
$660,000
$338
1,952
3/3
2
--
2/21/18
2 Camino Lozano
14 Camino Lozano
SOLD
$719,000
$348
2,066
3/2
2
--
11/15/17 12/18/17
Santalana
5 Paseo Vista
SOLD
$665,000
$374
1,776
3/3
2
--
1/16/18
Trinidad Visit www.TalegaGreenSheet.com
Pending
$659,900
$348
1,896
3/3
2
--
19 Calle Viveza
SOLD
$585,000
$360
1,625
3/3
2
--
5 Calle Centello
SOLD
$595,000
$314
1,896
3/3
2
--
26 Calle Viveza
SOLD
$469,000
$338
1,388
2/2
2
--
11/3/17
12/12/17 2/5/18
Verano Visit www.TalegaGreenSheet.com
Active
$549,000
$406
1,351
2/2
2
--
Visit www.TalegaGreenSheet.com
Pending
$649,000
$345
1,881
3/3
2
--
Visit www.TalegaGreenSheet.com
Pending
$549,000
$406
1,351
2/2
2
--
SOLD
$650,000
$346
1,881
3/3
2
--
25 Via Huelva
2/15/18
5 | w ww.E che l b erg er.c o m
call us today, for a COMPLIMENTARY home evaluation from talega's #1 real estate agent since 2003 DOUG ECHELBERGER 949.498.7711 | doug@echelberger.com *Approximate
SAN CLEMENTE MICRO-BREW FEST | APRIL 14TH, 2018 | 12 PM - 5 PM | LEFT COAST BREWING CO.
Features Mico-Brews from all over Southern California. Enjoy Micro-Brew sampling, home-made food provided by various non-profit organizations and live entertainment. VIP guests enjoyed tours of the Left Coast Brewery and premier samplings. Contact: 949-492-1131 or visit w w w. S CC h a m b e r.c o m
the
sheet
YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N M A R CH
S I N G L E - FA M I LY H O M E S TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE
LOT SIZE*
COE
Alora Visit www.TalegaGreenSheet.com 17 Calle Loyola Visit www.TalegaGreenSheet.com 17 Via Lampara 12 Via Paulina
Active Active Active Pending SOLD
$1,589,000 $1,695,000 $1,575,000 $1,397,700 $1,525,000
$361 $376 $385 $347 $347
4,400 4,503 4,094 4,026 4,400
5/6 6/7 5/6 4/5 5/6
4 3 3 3 4
6,386 6,558 6,389 9,269 8,580
Active Pending
$1,925,000 $1,995,000
$375 $411
5,136 4,850
5/6 5/6
3 4
10,306 9,610
Active Pending
$880,000 $899,000
$394 $402
2,234 2,237
3/3 3/3
2 2
3,895 3,758
SOLD
$855,000
$333
2,567
3/3
2
3,779
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Active Active
$1,199,000 $1,269,000
$393 $361
3,050 3,512
4/4 5/4
2 3
-- 7,663
Visit www.TalegaGreenSheet.com
Pending
$1,249,000
$436
2,867
3/3
3
8,834
Active SOLD
$919,000 $929,000
$379 $376
2,427 2,469
3/3 4/3
2 2
5,095 5,385
11/17/17
Active Pending SOLD
$1,899,000 $1,599,000 $1,740,000
$354 $341 $371
5,367 4,689 4,689
5/6 5/5 4/5
3 3 3
12,153 8,189 9,975
12/21/17
Active Pending SOLD
$1,695,000 $1,285,000 $1,540,000
$474 $308 $407
3,573 4,170 3,786
4/4 6/7 5/5
3 2 3
8,962 7,262 8,837
2/7/18
Active SOLD SOLD SOLD
$1,289,000 $1,100,000 $1,050,000 $1,282,000
$363 $314 $296 $356
3,547 3,501 3,547 3,602
4/4 5/5 5/4 5/5
2 2 2 3
6,844 5,595 5,575 6,169
11/21/17 2/13/18 3/2/18
Alta
14 Via Alcamo 18 Via Alcamo
2/13/18
Amalfi Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 6 Via Jarabe
1/2/18
Cantabria
Caprizi 15 Via Canero 37 Via Adrian
Careyes 1 Calle Careyes Visit www.TalegaGreenSheet.com 57 Calle Careyes 7 Calle Careyes
SOLD
$1,625,000
$321
5,061
5/6
3
9,235
12/29/17
Carillon Visit www.TalegaGreenSheet.com 20 Calle Mattis 17 Corte Cabrito 27 Via Torina
SOLD
$1,535,000
$430
3,573
4/4
3
6,698
3/8/18
Catania 32 Via Jacobea 25 Via Jacobea 23 Via Jacobea 51 Via Cartama
Escala Visit www.TalegaGreenSheet.com 17 Calle Frutas
Pending
$899,000
$357
2,520
4/3
2
6,418
SOLD
$821,128
$353
2,327
3/3
2
4,461 1/4/18
Active Pending SOLD SOLD
$900,000 $949,000 $775,000 $790,000
$373 $431 $379 $386
2,414 2,200 2,046 2,046
4/3 4/3 3/3 3/3
2 3 2 2
5,047 7,609 5,417 4,611
704 Corte Buscando Visit www.TalegaGreenSheet.com 406 Camino Flora 103 Corte Tierra Bella
11/14/17 12/15/17
SIGN UP TO RECEIVE THE GREEN SHEET VIA EMAIL EVERY MONTH Visit w w w. Ec h e l b e r g e r.co m | Your Source for Everything Real Estate
6 | w ww.E che l b erg er.c o m
Farralon Ridge
the
sheet
YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N M A R CH
S I N G L E - FA M I LY H O M E S
TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Lucia Visit www.TalegaGreenSheet.com 49 Via Conocido 31 Calle Viviana
Pending SOLD SOLD
$2,249,000 $2,300,000 $2,950,000
$364 $380 $511
6,181 6,055 5,777
6/7 4/5 5/6
4 4 4
16,362 15,999 17,341
11/13/17 3/5/18
Active Active Active Active Active Active SOLD
$1,685,000 $1,635,000 $1,699,000 $1,498,000 $1,799,000 $1,400,000 $1,490,000
$324 $314 $361 $323 $372 $302 $324
5,202 5,202 4,706 4,631 4,831 4,631 4,599
7/7 6/7 5/6 6/6 6/6 5/6 5/6
3 3 4 3 3 3 2
9,588 11,625 9,300 10,342 9,862 11,117 8,261
11/22/17
Active Pending Pending SOLD SOLD
$949,000 $1,095,000 $1,049,900 $945,000 $1,005,000
$284 $363 $351 $294 $324
3,338 3,015 2,992 3,218 3,098
4/3 5/3 5/3 5/4 4/3
3 3 3 3 3
7,902 6,756 6,495 6,584 6,495
1/4/18 1/22/18
Active Pending
$1,780,000 $1,595,000
$352 $356
5,058 4,480
5/6 4/5
3 3
9,941 11,392
SOLD SOLD
$1,070,000 $1,041,000
$391 $336
2,736 3,101
4/3 4/4
3 3
6,793 5,106
12/20/17 1/30/18
SOLD SOLD SOLD SOLD
$1,330,000 $1,320,000 $1,195,000 $1,050,000
$304 $305 $302 $289
4,372 4,333 3,952 3,632
5/5 5/5 4/5 3/4
3 3 3 -
8,180 10,213 7,689 8,039
11/30/17 2/8/18 2/23/18 3/9/18
Active Active Pending
$1,595,000 $1,149,000 $1,318,000
$368 $317 $323
4,333 3,627 4,085
5/5 4/4 5/4
3 3 3
6,815 6,840 7,188
Active Active SOLD
$1,099,000 $1,049,988 $995,000
$383 $350 $331
2,872 3,000 3,009
4/3 5/3 5/3
2 3 2
6,269 6,094 5,318
3/2/18
Active Active SOLD
$1,395,000 $1,295,000 $1,240,000
$312 $327 $288
4,468 3,955 4,300
5/6 4/4 5/7
3 2 3
6,355 7,533 7,162
2/16/18
Mirador Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 48 Via Divertirse
Miraleste Visit www.TalegaGreenSheet.com 18 Via Cancion Visit www.TalegaGreenSheet.com 19 Via Abrazar 20 Via Belleza
Montellano Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Monterey
228 Via Sedona 314 Via Promesa
Pacifica Summit 26 Calle Castillo 14 Calle Pacifica 14 Calle Castillo 26 Calle Pacifica
Pacifica - Talega 422 Camino Bandera Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Portomarin Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 64 Via Regalo
7 | w w w.E c he l berger. co m
Ravenna Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 20 Via Nerisa *Approximate
SAN CLEMENTE FUN FACT
That San Clemente Chamber of Commerce is one of the only 5-star rated chambers in the United States - putting it in the upper 1%. The Chamber is in business to support the growth and success of our local entrepreneurs, shops, restaurants, service professionals, and manufactures. For more information, visit w w w. S CC h a m b e r.c o m .
the
sheet
YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N M A R CH
S I N G L E - FA M I LY H O M E S
Sabella
Visit www.TalegaGreenSheet.com 33 Via Cristobal Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 18 Calle Akelia 16 Via Cuenta Nueva 22 Calle Akelia
STATUS
Active Active Active Active SOLD SOLD SOLD
PRICE
$915,000 $899,900 $998,000 $925,000 $825,000 $865,000 $900,000
PRICE/SQ FT SQ FT* BED/BATH GARAGE
$339 $431 $380 $443 $351 $383 $343
LOT SIZE*
COE
2,701 2,088 2,629 2,088 2,351 2,258 2,627
4/3 3/3 4/3 3/3 3/3 3/3 4/3
3 2 2 2 2 2 2
7,034 7,031 5,386 5,705 4,866 7,032 5,017
11/28/17 2/1/18 2/22/18
17 Via Abajar Active $965,000 $307 3,147 Visit www.TalegaGreenSheet.com Active $910,000 $348 2,615 Visit www.TalegaGreenSheet.com Pending $915,000 $350 2,615 18 Via Destino SOLD $959,000 $305 3,147
5/4 4/3 4/3 5/3
3 2 2 2
5,334 4,971 5,634 4,750
3/6/18
San Lucar
San Rafael
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Sansol
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 53 Corte Vidriosa 7 Corte Abeja 31 Calle Saltamontes 40 Corte Vidriosa
Seaside
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Solana
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 19 Calle Tejado
Stella Mare
Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com
Vittoria
Visit www.TalegaGreenSheet.com 31 Via Armilla 39 Via Armilla
Vizcaya
Visit www.TalegaGreenSheet.com
Active Pending
$1,050,000 $1,133,750
$297 $321
3,531 3,531
5/5 5/5
3 3
7,305 6,759
Active Active Pending Pending SOLD SOLD SOLD SOLD
$998,900 $1,049,000 $1,190,000 $1,063,000 $960,000 $1,005,000 $1,030,000 $1,175,000
$308 $342 $319 $313 $323 $313 $280 $352
3,238 3,069 3,725 3,400 2,973 3,212 3,677 3,340
4/4 4/3 4/3 4/3 4/3 4/3 4/3 5/3
2 2 2 2 3 2 3 2
5,817 5,369 11,047 6,120 8,697 6,368 6,822 6,472
Active Active Pending
$825,000 $899,000 $830,000
$359 $340 $331
2,300 2,641 2,507
4/3 4/3 3/3
3 2 2
4,978 4,511 8,370
Active Active Pending Pending SOLD
$810,000 $849,000 $798,800 $799,000 $775,000
$353 $431 $405 $394 $393
2,294 1,972 1,972 2,029 1,972
4/3 4/3 3/3 3/3 4/3
2 2 2 2 2
4,260 4,398 3,306 3,974 5,000
Active Active Pending
$1,575,000 $1,175,000 $1,395,000
$409 $365 $365
3,852 3,218 3,823
5/5 4/4 5/5
2 2 2
10,122 6,405 9,650
Pending SOLD SOLD
$990,000 $935,000 $1,000,000
$309 $327 $297
3,209 2,857 3,370
5/3 4/3 5/4
2 3 2
5,639 6,619 4,966
Active
$1,764,000
$349
5,051
5/5
4
30,943
12/1/17 12/4/17 1/2/18 3/13/18
11/6/17
11/9/17 12/11/17
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8 | w w w.E c he l berger.c o m
TRACT / STREET
the
sheet
YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N M A R CH
SENIOR 55 & OLDER TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Sandbridge Visit www.TalegaGreenSheet.com
Active
$1,325,000
$363
3,650
3/3
2
6,721
11 Corte Pinturas
SOLD
$750,000
$384
1,955
2/2
2
2,100
1/10/18
13 Corte Pinturas
SOLD
$774,000
$396
1,955
2/2
2
2,000
3/13/18
Seagarden
9 Corte Pinturas
SOLD
$779,500
$380
2,053
2/3
2
1/16/18
Waterleaf Visit www.TalegaGreenSheet.com
Active
$860,000
$418
2,055
2/2
2
5,632
17 Camino Del Prado
SOLD
$870,000
$402
2,166
2/2
2
5,132
12/28/17
Wavecrest Visit www.TalegaGreenSheet.com
Active
$839,000
$470
1,785
3/2
2
4,860
13 Corte Miro
SOLD
$800,000
$448
1,785
3/2
2
5,588
11/13/17
Talega Averages Single Family ACTIVE (45) PENDING SALE (22) SOLD (39)
List Price $1,255,418 $1,213,370 $1,192,445
SqFt DOM List $ PSF Sold Price 3,512 37 $357 3,415 54 $355 3,373 50 $354 $1,169,157
Sold $ PSF
Condo/ Townhouse ACTIVE (6) PENDING SALE (6) SOLD (17)
List Price $639,617 $647,483 $630,011
SqFt DOM List $ PSF 1,730 54 $370 1,830 45 $354 1,741 32 $362
Sold Price
Sold $ PSF
$625,206
$359
$347
9 | w w w. E chel berger.c om
call us today, for a COMPLIMENTARY home evaluation from talega's #1 real estate agent since 2003 DOUG ECHELBERGER 949.498.7711 | doug@echelberger.com
*Approximate The Green Sheet is based on information from the Association of REALTORS®/Multiple Listing Service as of 3.20.2018 and/or other sources. The Talega Green Sheet and MLS data is deemed reliable, but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The properties listed above are not all Keller Williams® and include listings from other brokers. If you notice any incorrect information or a property that is not listed, please call my office immediately at 949.498.7711. To preserve space, old sales since 11.1.2017 have been eliminated. If you would like the name, address, and phone number of the firm representing a specific property listed above, please visit www.TalegaGreenSheet.com.
the
sheet
O R A N G E CO U N T Y H O U S I N G R EP O R T F O R M A R CH
MARKET SUMMARY •
The active listing inventory increased by 197 homes in the past two weeks, up 5%, and now totals 4,178. Expect the inventory to increase from now through mid-Summer. Last year, there were 4,460 homes on the market, 282 more than today.
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The active listing inventory increased by 189 homes in the past two weeks, up 4%, and now totals 4,609. Expect the inventory to increase from now through mid-Summer. Last year, there were 4,716 homes on the market, 107 more than today.
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This year, 18% fewer homes have come on the market below $500,000 today compared to last year and 39% fewer than two years ago. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly disappearing.
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Demand, the number of pending sales over the prior month, increased in the past two weeks by 121 pending sells, up 5%. The average pending price is $913,011.
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The average list price for all of Orange County remained at $1.8 million over the past two weeks. This number is high due to the mix of homes in the luxury ranges that sit on the market and do not move as quickly as the lower end.
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For homes priced below $750,000, the market is HOT with an expected market time of just 33 days. This range represents 34% of the active inventory and 57% of demand.
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For homes priced between $750,000 and $1 million, the expected market time is 44 days, a hot seller’s market (fewer than 60 days). This range represents 17% of the active inventory and 22% of demand.
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For homes priced between $1 million to $1.25 million, the expected market time is 71 days, a slight seller’s market (between 60 and 90 days).
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For luxury homes priced between $1.25 million and $1.5 million, the expected market time increased from 78 days to 88.
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For homes priced between $1.5 million and $2 million, the expected market time decreased from 149 to 142 days.
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For luxury homes priced between $2 million and $4 million, the expected market time increased from 193 days to 202 days.
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For luxury homes priced above $4 million, the expected market time decreased from 338 to 296 days.
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The luxury end, all homes above $1.25 million, accounts for 39% of the inventory and only 14% of demand.
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The expected market time for all homes in Orange County decreased from 55 days to 54 in the past two weeks, a hot seller’s market (fewer than 60 days). From here, we can expect the market time to remain below 60 days through May.
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Distressed homes; both short sales and foreclosures combined, make up only 0.8% of all listings and 1.3% of demand. There are only 17 foreclosures and 22 short sales available to purchase today in all of Orange County. That’s 39 total distressed homes on the active market, dropping by 5 in the past two weeks. Last year there were 79 total distressed sales, 102% more than today. There were 1,820 closed residential resales in February, down by 4% from February 2017’s 1,888 closed sales. February marked a 1% increase from January 2018. The sales to list price ratio was 97.6% for all of Orange County. Foreclosures accounted for just 0.9% of all closed sales and short sales accounted for 0.7%. That means that 98.4% of all sales were good ol’ fashioned sellers with equity.
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Each office independently owned and operated. Keller Williams Realty does not guarantee accuracy of all data, including all measurements and calculations of area. Information is obtained from various sources and has not been, and will not be, verified by Broker or Agent of MLS. All information should be independently reviewed and verified for accuracy. CalBRE #01176379 | Broker CalBRE #02031139