D E C E M B E R 2 0 1 7
t he
GREEN sheet
TA L EGA’S RED-HOT RE A L E STAT E M A R KE T
Peace , Happiness A N D Memorable T I M E S T H I S Holiday Season ECHE LBE R G E R G R OU P WI S H E S YOU AL L
Believe it or not, the holiday season is now in full swing. Its seems like we were just getting started on 2017 and now it is nearly over. As each of us looks forward to our cherished traditions and gatherings with dear family, friends and coworkers, Echelberger Group wishes you all the very best of the season. “The holidays always bring to mind fond memories and fresh opportunities to create lasting new traditions,” noted Doug Echelberger. “The season flashes by quickly and before we know it the new year has begun. I encourage everyone to take the time to celebrate with their loved ones. Stop for a moment and reflect on how fortunate we are to have special people in our lives. And, perhaps most importantly, let those we love know how much they are appreciated.” Navigating the oftentimes complex real estate market can be overwhelming, but Echelberger Group provides the expertise and resources necessary to make it easier for its clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Keller Williams Luxury International—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.
we help c lients fin d a p l ace ca l l ed. . .
home
For more information, or to be the first to learn about pocket listings, open houses, market reports,
2 | ww w. E chel b erger. co m
and local events visit www.Echelberger.com or call 949.498.7711.
Featured Home
6 bed 6.5 bath 4,503 sq ft
Move up to grand-scale executive-class living at this gorgeous near-new residence in Talega of San Clemente’s distinguished Alora neighborhood. Attention to detail and a keen eye for selecting premium upgrades shine throughout the two-level design, where six ensuite bedrooms including a first-floor suite, six-and-one-half baths, a study and media room are featured in approximately 4,503 square feet. A separate entrance leads to a private guest/maid’s suite with kitchenette and living room. An oversized dining room provides the ideal gathering space for entertaining in style, and a great room sets the stage for a casual get-together. Fully upgraded, a chef’s kitchen presents designer countertops and backsplash, an island with prep sink and seating, a walk-in pantry, nook, butler’s pantry with wine rack, and stainless steel KitchenAid
appliances including a wine cooler and two dishwashers. As the largest plan in Alora, it affords a magnificent master suite with tray ceiling, wraparound walk-in closet, extra-large walk-in shower with two heads, a stand-alone tub and a sit-down vanity. Plantation shutters and designer window treatments, custom lighting fixtures, high ceilings, high-end millwork and a blend of wood, travertine and plush carpet lend additional character to the residence, which also includes a 3-bay garage, dual tankless water heaters and an interior laundry room with sink and cabinetry. Lush and elegant landscaping complements a gated entry courtyard and a phenomenal backyard with pool, spa, fountains, built-in seating area with open gas fireplace, a built-in BBQ and pizza oven, and a delightful loggia with fireplace and TV.
www .17C alle L oyola . com
3 | w w w.E c hel berger.c o m
Seventeen Calle Loyola
TALEGA REALTOR® you can TRUST with your MOST VALUABLE ASSET. OVER $1 BILLION in SALES and 1,000+ TRANSACTIONS contact us today, for a COMPLIMENTARY home evaluation 949.498.7711 | doug@echelberger.com
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2
3
6
7
8
Act i v e
Po cket
ADDRESS TRACT PRICE BED BATH SQFT 1 | 17 Calle Loyola 2 | 17 Corte Cabrito 3 | 12 Via Paulina 4 | 17 Via Lampara
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$1,799,000 $1,595,000 $1,595,000 $1,439,000
6 5 5 4
6.5 4.5 5.5 4.5
4,503 3,786 4,400 4,026
ADDRESS TRACT PRICE BED BATH SQFT 5 | 20 Calle Mattis 6 | 20 Calle Verdadero
In Escrow
Alora Carillon Alora Alora
Carillon San Lucar
$1,285,000 $899,000
6 4
6.5 3
4,170 2,615
ADDRESS TRACT PRICE BED BATH SQFT 7 | 228 Via Sedona 8 | 53 Corte Vidriosa 9 | 13 Corte Pinturas 10 | 14 Camino Lozano
Monterey Sansol Seagarden Carmel
$1,120,000 $979,000 $779,000 $719,900
4 4 2 3
3 2.5 2 2
2,736 2,973 1,955 2,066
Talega Homes represented by doug echelberger
5
9
10
ADDRESS TRACT PRICE BED BATH SQFT 49 Via Conocido* 16 Via Paulina* 45 Via Alcamo** 27 Via Buen Corazon** 38 Via Nerisa* 13 Via Jubilar* 46 Paseo Lerida*** 422 Camino Bandera** 8 Corte Vidriosa* 17 Via Nerisa* 32 Via Timon*** 25 Corte Lomas Verdes** 17 Via Lucena* 306 Via El Patio* 31 Via Timon* 308 Plaza Cabana* 13 Calle Verdadero* 49 Via Belleza* 37 Via Adrian* 14 Via Jenifer*** 20 Via Balcon*** 42 Via Regalo* 19 Camino Azulejo* 32 Avenida Cristal* 21 Corte Ladino* 98 Paseo Rosa* 94 Paseo Vista*** 306 Calle Campanero** 60 Paseo Rosa*** 13 Corte Loarre*
Lucia Alora Alta Cazadero Ravenna Stella Mare Stella Mare Pacifica Sansol Ravenna Stella Mare Stella Mare Carillon San Rafael Stella Mare Terra Linda San Lucar Miraleste Caprizi Portomarin Caprizi Portomarin Solana Carmel Wavecrest Santalana Santalana Alassio Alassio Verano
* Represented Seller
$2,300,000 $1,590,000 $1,475,000 $1,384,000 $1,340,000 $1,175,000 $1,170,000 $1,150,000 $1,150,000 $1,150,000 $1,100,000 $1,099,000 $1,097,000 $1,050,000 $1,000,000 $999,000 $975,000 $975,000 $929,000 $921,000 $915,000 $899,000 $775,000 $770,000 $736,000 $625,000 $560,900 $545,000 $507,000 $480,000
** Represented Buyer
4 5 5 5 4 5 4 5 4 5 3 5 4 5 4 4 4 4 4 5 3 4 4 3 2 3 3 3 3 2
4.5 5.5 5.5 4.5 4.5 4.5 3.5 4.5 3 5.5 3.5 3.5 4.5 4.5 3 3 3.5 3 2.5 3 2.5 3 2.5 3 2 2.5 2 2.5 2.5 2
6,055 4,287 5,399 4,082 4,068 3,823 3,358 4,333 3,477 4,282 3,093 3,453 3,762 3,536 3,048 2,888 3,076 2,992 2,469 2,684 2,376 2,872 2,000 2,600 2,104 1,776 1,292 1,578 1,468 1,351
***Represented Seller and Buyer
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S ol d 2 017
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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 N OV E M B ER
TOWNHOMES TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Alassio Email Info@Echelberger.com Email Info@Echelberger.com 21 Paseo Luna 307 Calle Campanero 18 Paseo Luna 60 Paseo Rosa 30 Paseo Luna 78 Paseo Del Rey 46 Paseo Rosa 31 Paseo Verde 60 Paseo Del Rey 27 Paseo Luna
Active Pending SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD
$489,000 $510,000 $575,000 $541,500 $539,900 $507,000 $505,500 $485,000 $474,900 $464,000 $440,000 $440,000
$376 $366 $345 $325 $364 $345 $344 $334 $365 $377 $357 $357
1,300 1,395 1,668 1,668 1,484 1,468 1,468 1,452 1,300 1,232 1,232 1,232
2/2 3/3 3/3 3/3 3/4 3/3 3/3 2/3 2/2 2/3 2/3 2/3
2 2 2 2 2 2 2 2 2 2 2 2
-- -- -- -- -- -- -- -- -- -- -- --
8/16/17 11/14/17 7/13/17 8/7/17 11/14/17 9/12/17 9/8/17 7/14/17 7/3/17 9/7/17
Pending SOLD SOLD SOLD
$719,900 $820,000 $757,000 $700,000
$348 $397 $321 $277
2,066 2,066 2,358 2,527
3/2 3/2 3/3 3/3
2 2 2 2
-- -- -- --
11/15/17 7/10/17 8/29/17
Active Active SOLD SOLD SOLD
$629,000 $625,000 $628,000 $625,000 $610,000
$354 $358 $372 $352 $349
1,776 1,748 1,686 1,776 1,748
3/3 3/3 3/3 3/3 3/3
2 2 2 2 2
-- -- -- -- --
11/20/17 8/3/17 7/3/17
Pending SOLD SOLD SOLD SOLD SOLD
$479,900 $601,000 $599,000 $585,000 $585,000 $495,000
$346 $317 $369 $360 $364 $357
1,388 1,896 1,625 1,625 1,606 1,388
2/2 4/3 3/3 3/3 3/3 2/2
2 2 2 2 2 2
-- -- -- -- -- --
9/21/17 10/3/17 11/3/17 9/5/17 8/17/17
Active SOLD SOLD SOLD
$655,000 $625,000 $621,500 $480,000
$348 $332 $330 $355
1,881 1,881 1,881 1,351
3/3 4/3 4/3 2/2
2 2 2 2
-- -- -- --
7/21/17 10/10/17 8/30/17
Carmel 14 Camino Lozano 2 Camino Lozano 70 Avenida Cristal 6 Camino Sendero
Santalana Email Info@Echelberger.com Email Info@Echelberger.com 190 Paseo Vista 98 Paseo Rosa 70 Paseo Vista
Trinidad Email Info@Echelberger.com 18 Calle Centello 30 Calle Viveza 19 Calle Viveza 31 Calle Viveza 3 Calle Viveza
Verano
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Email Info@Echelberger.com 26 Corte Javier 21 Corte Javier 13 Corte Loarre
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
DID YOU KNOW THAT 2018 WILL MARK THE 90TH ANNIVERSARY OF THE CITY'S FOUNDING? San Clemente City Council proclaimed the last Saturday in February as San Clemente Day, and will be offering an exciting line-up of festivities to occur February 24,2018.
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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 N OV E M B ER
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 17 Calle Loyola Email Info@Echelberger.com 12 Via Paulina Email Info@Echelberger.com 17 Via Lampara 14 Via Lampara
Alta
45 Via Alcamo 47 Via Alcamo
Active Active Active Active Active SOLD
$1,799,000 $1,699,900 $1,595,000 $1,575,000 $1,439,000 $1,250,000
$400 $386 $363 $385 $357 $291
4,503 4,400 4,400 4,094 4,026 4,300
6/7 5/6 5/6 5/6 4/5 5/5
3 4 4 3 3 3
6,558 6,386 8,580 6,389 9,269 7,623
8/1/17
SOLD SOLD
$1,475,000 $1,345,000
$273 $262
5,399 5,136
5/6 5/6
2 2
7,884 9,237
9/22/17 10/19/17
Active SOLD SOLD SOLD
$865,000 $914,000 $869,000 $831,000
$337 $386 $388 $371
2,567 2,369 2,237 2,237
3/3 4/3 3/3 3/3
2 2 2 2
3,779 4,832 5,263 3,812
8/16/17 10/23/17 10/10/17
Active Active SOLD
$1,250,000 $1,210,000 $1,128,000
$347 $397 $292
3,600 3,050 3,857
5/4 4/4 5/5
3 2 3
7,663 8,195
8/2/17
SOLD SOLD
$929,000 $915,000
$376 $377
2,469 2,427
4/3 3/3
2 2
5,385 5,086
11/17/17 10/19/17
Active Pending SOLD
$1,625,000 $1,799,000 $2,295,000
$321 $384 $431
5,061 4,689 5,327
5/6 4/5 6/6
3 3 3
9,235 9,975 16,553
8/7/17
Active SOLD SOLD
$1,595,000 $1,220,000 $1,097,000
$421 $295 $292
3,786 4,130 3,762
5/5 5/5 4/5
3 2 3
8,837 7,327 7,637
7/11/17 8/1/17
Active Pending SOLD
$1,299,999 $1,115,000 $1,281,000
$367 $318 $334
3,547 3,501 3,833
4/4 5/5 5/5
2 2 2
6,844 5,595 5,943
8/15/17
SOLD
$1,384,000
$339
4,082
5/5
3
7,662
9/6/17
Active SOLD
$849,900 $850,000
$365 $333
2,327 2,550
3/3 4/3
2 2
4,461 4,514
9/25/17
Amalfi Email Info@Echelberger.com 21 Via Zamora 2 Via Jarabe 19 Via Santander
Cantabria Email Info@Echelberger.com Email Info@Echelberger.com 17 Calle Celestial
Caprizi
37 Via Adrian 25 Paseo Carla
Careyes Email Info@Echelberger.com Email Info@Echelberger.com 69 Calle Careyes
Carillon 17 Corte Cabrito 18 Calle Mattis 17 Via Lucena Email Info@Echelberger.com Email Info@Echelberger.com 31 Via Cartama
Cazadero
27 Via Buen Corazon
Escala Email Info@Echelberger.com 16 Via Ceramica
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7 | w ww.E che l b erg er.c o m
Catania
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 N OV E M B ER
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
Farralon Ridge Email Info@Echelberger.com 212 Corte Tierra Cielo 208 Corte Tierra Cielo 406 Camino Flora
Pending SOLD SOLD SOLD
$799,750 $850,000 $820,000 $775,000
$391 $415 $375 $379
2,046 2,046 2,186 2,046
3/3 3/3 4/3 3/3
2 2 2 2
4,611 5,687 4,038 5,417
9/1/17 7/20/17 11/14/17
Active SOLD
$2,349,000 $2,300,000
$380 $380
6,181 6,055
6/7 4/5
4 4
16,362 15,999
11/13/17
Pending SOLD SOLD SOLD SOLD
$1,549,000 $1,733,625 $1,500,000 $1,485,000 $1,240,000
$337 $350 $326 $384 $320
4,599 4,951 4,599 3,870 3,870
5/6 6/7 5/6 4/4 4/4
2 2 3 3 3
8,261 11,987 9,809 9,792 10,873
8/24/17 9/11/17 8/1/17 10/10/17
Pending SOLD SOLD
$945,000 $975,000 $944,000
$294 $326 $318
3,218 2,992 2,969
5/4 4/3 5/3
3 3 3
6,584 9,254 7,207
9/5/17 8/31/17
SOLD
$1,460,000
$311
4,700
5/6
3
10,000
10/2/17
Active Pending SOLD SOLD SOLD
$1,059,000 $1,120,000 $1,150,000 $1,095,000 $1,012,500
$342 $409 $327 $325 $296
3,101 2,736 3,519 3,371 3,415
4/4 4/3 5/4 5/4 5/3
3 3 3 3 3
5,106 6,793 7,082 8,262 5,640
10/11/17 8/23/17 7/31/17
Active Pending SOLD SOLD
$1,350,000 $1,320,000 $1,425,000 $1,165,000
$312 $302 $326 $307
4,333 4,372 4,372 3,800
5/5 5/5 5/5 4/4
3 3 3 3
10,213 8,180 8,865 9,390
10/5/17 10/30/17
Active SOLD
$1,162,500 $1,255,000
$321 $325
3,627 3,866
4/4 5/5
3 3
6,840 6,714
7/5/17
SOLD SOLD
$985,000 $899,000
$330 $313
2,987 2,872
4/3 4/3
3 2
5,809 4,871
10/6/17 9/21/17
SOLD
$1,150,000
$269
4,282
5/6
3
7,456
9/19/17
Lucia Email Info@Echelberger.com 49 Via Conocido
Mirador Email Info@Echelberger.com 14 Calle Aveituna 20 Via Divertirse 22 Calle Gaulteria 14 Calle Gaulteria
Miraleste Email Info@Echelberger.com 49 Via Belleza 50 Via Belleza
Montellano
10 Calle Vista Del Sol
Monterey Email Info@Echelberger.com 228 Via Sedona 218 Via Sedona 106 Via Sonoma 249 Via Sedona
Pacifica Summit 14 Calle Pacifica Email Info@Echelberger.com 24 Calle Anacapa 16 Calle Pacifica
Pacifica - Talega Email Info@Echelberger.com 412 Camino Bandera
Portomarin
15 Via Regalo 42 Via Regalo
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Ravenna
17 Via Nerisa
*Approximate
SPANISH VILLAGE BY THE SEA - ESTABLISHED 1928 "I envision a place where people can live together more pleasantly than any other place in America. I am going to build a beautiful city on the ocean where the whole city will be a park..." ~Ole Hanson
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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 N OV E M B ER
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
Sabella Email Info@Echelberger.com Email Info@Echelberger.com 16 Via Cuenta Nueva 18 Calle Akelia
Active Active Active Pending
$999,000 $925,000 $878,900 $849,000
$370 $352 $389 $361
2,701 2,627 2,258 2,351
4/3 4/3 3/3 3/3
3 2 2 2
8,112 4,770 7,032 4,866
Email Info@Echelberger.com 14 Calle Verdadero
Pending SOLD
$959,000 $860,000
$305 $329
3,147 2,615
5/4 4/3
2 2
4,750 5,461
8/25/17
SOLD SOLD SOLD
$1,083,000 $1,050,000 $960,000
$345 $297 $271
3,140 3,536 3,536
4/4 5/5 5/5
3 3 3
9,867 6,367 5,723
7/11/17 9/25/17 8/7/17
Active Pending Pending Pending
$1,049,000 $1,079,000 $1,029,000 $979,000
$324 $293 $320 $329
3,238 3,677 3,212 2,973
4/4 4/3 4/3 4/3
2 3 2 3
5,817 6,822 6,368 8,697
SOLD SOLD SOLD SOLD SOLD
$955,000 $900,000 $870,000 $840,000 $830,000
$354 $359 $347 $330 $314
2,700 2,507 2,507 2,546 2,641
4/3 4/3 4/3 5/3 4/3
2 2 2 3 2
7,919 5,685 5,057 4,807 4,582
10/10/17 7/17/17 7/7/17 7/31/17 9/21/17
Active SOLD SOLD SOLD SOLD SOLD
$849,900 $825,000 $800,000 $775,000 $775,000 $755,000
$370 $360 $473 $393 $388 $444
2,294 2,294 1,690 1,972 2,000 1,700
4/3 4/3 3/3 4/3 4/3 3/3
2 2 2 2 2 2
4,260 5,995 4,397 5,000 5,332 4,325
10/5/17 10/25/17 11/6/17 7/2/17 7/20/17
Pending SOLD SOLD SOLD SOLD
$1,079,000 $1,179,000 $1,175,000 $1,099,000 $1,000,000
$312 $307 $307 $318 $328
3,453 3,842 3,823 3,453 3,048
4/4 4/4 5/5 5/4 4/3
2 2 2 2 2
7,154 6,413 5,953 5,866 7,967
8/3/17 10/11/17 7/6/17 9/7/17
SOLD
$985,000
$341
2,888
4/3
3
8,706
9/26/17
SOLD SOLD SOLD
$990,000 $976,000 $935,000
$308 $304 $327
3,211 3,209 2,857
5/4 5/3 4/3
2 2 3
7,040 6,235 6,619
7/5/17 10/13/17 11/9/17
San Lucar
San Rafael
520 Via El Risco 306 Via El Patio 302 Via Los Tilos
Sansol Email Info@Echelberger.com Email Info@Echelberger.com Email Info@Echelberger.com 53 Corte Vidriosa
Seaside
35 Calle Camaron 23 Calle Guijarro 12 Calle Pelicano 30 Calle Almeja 3 Calle Tortuga
Solana Email Info@Echelberger.com 7 Camino Silla 11 Camino Silla 19 Calle Tejado 19 Camino Azulejo 6 Corte Pasillo
40 Via Timon 31 Corte Lomas Verdes 13 Via Jubilar 25 Corte Lomas Verdes 31 Via Timon
Terra Linda
308 Plaza Cabana
Vittoria
12 Via Gador 42 Via Armilla 31 Via Armilla
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Stella Mare
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 N OV E M B ER
SENIOR 55 & OLDER TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Sandbridge Email Info@Echelberger.com 43 Camino Lienzo 58 Camino Lienzo 26 Camino Lienzo
Active SOLD SOLD SOLD
$1,325,000 $1,355,000 $1,250,000 $965,000
$363 $502 $440 $402
3,650 2,699 2,841 2,401
3/3 3/3 3/2 3/2
2 2 2 2
6,721 6,707 7,045 5,928
Active Pending
$780,000 $779,000
$399 $398
1,955 1,955
2/2 2/2
2 2
2,100 2,000
SOLD
$935,000
$366
2,554
3/2
2
6,967
9/25/17
SOLD SOLD SOLD
$800,000 $795,000 $760,000
$448 $380 $434
1,785 2,092 1,752
3/2 2/2 2/2
2 2 2
5,588 4,582 5,924
11/13/17 7/20/17 9/28/17
7/3/17 10/12/17 10/26/17
Seagarden Email Info@Echelberger.com 13 Corte Pinturas
Waterleaf
1 Camino Botero
Wavecrest
13 Corte Miro 20 Corte Ladino 2 Corte De Vega
Talega Averages Single Family
List Price
SqFt DOM List $ PSF
Sold Price
Active (22)
$1,306,823
3,608
62
$362
--
Pending Sale (13) Sold (64)
$1,124,750 $1,112,595
3,383 3,199
73 41
$333 $348
--
Condo/ Townhouse
List Price
SqFt DOM List $ PSF
Sold $ PSF -- --
$1,085,611
Sold Price
Active (5)
$635,600
1,732
31
$367
--
Pending Sale (4) Sold (24)
$622,200 $575,715
1,099 1,651
55 32
$586 $349
--
$339
Sold $ PSF
$571,013
-- --
$346
10 | 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 The Green Sheet is based on information from the Association of REALTORS®/Multiple Listing Service as of 11.21.2017 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 7.1.2017 have been eliminated. If you would like the name, address, and phone number of the firm representing a specific property listed above, please contact my office.
the
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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 N OV E M B ER
MARKET SUMMARY Orange County housing market is seriously lacking choices with a razor thin supply of homes for sale. With only 4,714 homes available to purchase in Orange County, buyers in the lower ranges, homes priced below $750,000, are literally waiting on the sidelines for the next home to come on the market. It is a seller’s market for all homes below $1.25 million (88% of all closed sales in 2017 have been below $1.25 million).
•
The active listing inventory decreased by 164 homes in the past couple of weeks and now totals 4,714. With the start of the Holiday Market in November, the inventory will drop considerably for the remainder of the year. Last year, there were 5,655 homes on the market, 941 more than today.
•
There are 32% fewer homes on the market below $500,000 today compared to last year at this time and demand is down by 17%. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly disappearing.
•
Demand, the number of pending sales over the prior month, decreased by 95 homes in the past couple of weeks, down 4%, and now totals 2,314. The average pending price is $861,404.
•
The average list price for all of Orange County remained at $1.7 million. 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.
•
For homes priced below $750,000, the market is HOT with an expected market time of just 39 days. This range represents 39% of the active inventory and 62% of demand.
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For homes priced between $750,000 and $1 million, the expected market time is 57 days, a hot seller’s market (less than 60 days). This range represents 17% of the active inventory and 18% of demand.
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For homes priced between $1 million to $1.25 million, the expected market time is 76 days, a seller’s market.
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For luxury homes priced between $1.25 million and $1.5 million, the expected market time increased from 100 days to 112.
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For homes priced between $1.5 million and $2 million, the expected market time decreased from 154 to 143 days.
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For luxury homes priced between $2 million and $4 million, the expected market time increased from 164 days to 181 days.
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For luxury homes priced above $4 million, the expected market time increased from 424 to 466 days.
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The luxury end, all homes above $1.25 million, accounts for 36% of the inventory and only 13% of demand.
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The expected market time for all homes in Orange County remained at 61 days, a tepid seller’s market (60 to 90 days). From here, we can expect the market time to rise slightly through the end of the year.
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Distressed homes, both short sales and foreclosures combined, make up only 1.4% of all listings and 2.1% of demand. There are only 23 foreclosures and 45 short sales available to purchase today in all of Orange County, that’s 68 total distressed homes on the active market, increasing by 10 in the past two weeks. Last year there were 123 total distressed sales, 81% more than today.
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There were 2,553 closed residential resales in October, down by 1% from October 2016’s 2,575 closed sales. October marked a 7% drop from September 2017, normal for the Autumn Market. The sales to list price ratio was 98 .4% for all of Orange County. Foreclosures accounted for just 0.7% of all closed sales and short sales accounted for 1.2%. That means that 98.1% of all sales were good ol'fashioned sellers with equity.
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The active listing inventory in Orange County has been leaning in the sellers favor since February 2012. That was not only the beginning of the recovery, it was the beginning of a six year run in housing. And, housing is poised to continue its run for a seventh year due to a chronically low inventory.
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talega calendar of events November 1 - December 10, 2017
Light Up The Night Talega residents are encouraged to brighten their neighborhood & share the holiday spirit by competing in the Talega Light Up the Night Holiday Decor Contest.
December 21, 2017
Wrap-N-Wine Time: 6:00 pm – 9:30 pm Location: TSAC Clubhouse Stop on by, bring your gifts! Wine, munchies, and wrapping supplies provided.
January 6, 2018
Snow Day Time: 11:00 am – 3:00 pm Location: Calle Altea Park Talega brings snow to the Coast - you are sure to have a slip sliding great time!
holiday happenings December 2, 2017
Santa’s Village by the Sea Time: 5-8pm www.san-clemente.org
December 2, 2017
Christmas at the Casa Time: 5:30-7pm www.casaromantica.org
December 4, 2017
December 9, 2017
Capistrano Beach Tree Lighting Time: 4-6pm www.danapoint.org
Holiday Ice Skating Time: 4pm-8pm www.sanjuancapistrano.org
December 8, 2017
December 16, 2017
43rd Annual Dana Point Boat Parade Time: 4:30pm-9pm www.danapoint.org
Hanukkah Party Time: 10am-12pm www.monarchbeachresort.com
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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 #01934115