D E C E M B E R 2 0 2 0
t he
GREEN sheet
TA LE GA’S RED-HOT R E A L E STAT E M A RK ET
WITH OUR SINCEREST GRATITUDE
from our families to yours
A promising new year is upon us all and, before we look forward with hope, we wish to reflect on this past year. All of us have been affected to varying degrees by the events of 2020. Yet hopefully you, like our team at Echelberger Group, find yourself in the position of being truly grateful—grateful for family, friends, and our resilient and friendly community. We are also filled with heartwarming gratitude for all of our clients.
With the virus leaving many in less fortunate situations, we look ahead with humility to 2021, hoping that relief comes quickly to those most in need, and to our country as vaccines bring the promise of an end to the pandemic and the revitalization of our prosperity. Our San Clemente real estate market is extremely strong, providing a glimpse of what the new year has in store.
As you celebrate the season, in person, via your computer or on the phone, cherished traditions will survive as memorable new ones are created. We are keeping you all in our hearts and wishing you the very best throughout the holidays and well beyond.
FEATURED RESIDENCE
31 Via Alcamo
Resort-Style Luxe Living
5 bed | 5.5 bath | 5,068 sq ft | 13,745 sq ft lot
Nestled on a coveted corner homesite near the very top of Talega in San Clemente, this extraordinary residence is among the Alta neighborhood’s
very finest. The ultimate Southern California lifestyle is easily enjoyed inside and out, thanks in part to beautifully landscaped grounds that encompass nearly 13,745 square feet, allowing plenty of room for a large pool and spa, a gated entry courtyard with fountain, an event-friendly lawn, fireplace, fire pit, and a long built-in barbecue bar with seating. Views embrace the neighboring hillsides, a park and even a peek at the ocean. Approximately 5,068 square feet, the two-story home ensures comfort for all with a formal living room with fireplace, and a formal dining room with chandelier and built-in illuminated in entertainment center, wine cellar and surround sound with a gorgeous upgraded kitchen. Enjoy white cabinetry, granite countertops, an island, butler’s pantry, walk-in pantry and a top-tier stainless steel KitchenAid appliance package complete with a built-in refrigerator and six-burner cooktop. Five bedrooms and five-and-one-half baths include a main-level ensuite and are joined by a first-floor office and an open loft area at the top of the stairs. Expansively proportioned, the master suite offers a view deck, sitting room, walk-in closet, separate vanities, a soaking tub and separate shower.
ww w. 31 Vi a A lc a m o.c o m
2 | w w w.E c hel berger.c o m
cabinetry. Opening to the backyard via fold-away glass doors, the breakfast room unites a family room with fireplace, built-
CURRENT TALEGA LISTINGS D oug Ec he l b e r ge r h a s a PR O VEN tr ack r eco r d in T alega Real Es tate
1
2
3
TALEGA RESIDENCES
act i ve
ADDRESS
TRACT
1 | 67 Calle Careyes Careyes 2 | 31 Via Alcamo Alta 3 | 414 Camino Flora Vista Farralon Ridge
PRICE
BED
BATH
SQFT
$2,250,000 $2,250,000 $949,000
5 5 4
5.5 5.5 2.5
4,689 5,068 2,414
pending
308 Camino Bravado 6 Calle Portofino 14 Via Timon 11 Calle Merecida
Pacifica - Talega Portofino Portomarin Carmel
$1,575,000 $1,495,000 $1,450,000 $799,000
6 5 5 3
5.5 4 3 3
3,866 3,042 2,987 2,358
20 2 0 YTD
27 Via Conocido 36 Via Alcamo 33 Calle Careyes 57 Calle Careyes 19 Via Divertirse 37 Via Alcamo 8 Corte Vizcaya 14 Via Divertirse 13 Corte Cabrito 18 Calle Gaulteria 15 Calle Loyola 21 Via Jacobea 15 Via Lampara 303 Via Los Tilos 21 Via Timon 22 Calle La Espalda 10 Calle Castillo 218 Via Sedona 31 Via Cristobal 23 Via Jacobea 15 Calle Saltamontes 23 Calle Portofino 17 Corte Limonada 4 Camino Lienzo 42 Via Regalo 16 Via Adrian 504 Corto Del Oro 5 Calle Boveda 25 Corte Pinturas 28 Calle Akelia 2 Camino Sendero 21 Paseo Vista 17 Paseo Vista 106 Paseo Vista 98 Paseo Vista 30 Paseo Del Rey 24 Corte Aljibe 21 Avenida Brio 9 Camino Celeste 40 Paseo Del Rey 54 Paseo Rosa 13 Paseo Luna
Lucia Alta Careyes Careyes Mirador Alta Vizcaya Mirador Carillon Mirador Alora Catania Alora San Rafael Stella Mare Cazadero Pacifica Summit Monterey Sabella Catania Sansol Portofino San Lucar Sandbridge Portomarin Caprizi Farralon Ridge Solana Seagarden Sabella Carmel Santalana Santalana Santalana Santalana Alassio Verano Trinidad Trinidad Alassio Alassio Alassio
$3,010,000 $2,225,000 $2,155,000 $1,915,500 $1,875,000 $1,745,000 $1,700,000 $1,620,000 $1,588,000 $1,500,000 $1,330,000 $1,310,000 $1,265,000 $1,265,000 $1,250,000 $1,238,750 $1,230,000 $1,200,000 $1,202,000 $1,170,000 $1,140,000 $1,100,000 $1,070,000 $1,050,000 $1,000,000 $977,000 $889,000 $825,000 $825,000 $820,000 $795,000 $749,000 $679,000 $679,000 $615,000 $569,000 $550,000 $549,000 $539,000 $524,995 $524,900 $490,000
5 5 4 4 5 5 5 6 4 5 5 4 5 5 5 5 5 4 4 5 5 4 4 2 4 4 4 4 2 3 3 3 3 3 3 3 2 2 2 2 2 2
6.5 6 4.5 4.5 5.5 5.5 5.5 6.5 4.5 5.5 5.5 4 5.5 4.5 4.5 4.5 4.5 3.5 2.5 4 3.5 2.5 3 2 3 3 3 2.5 2 2.5 2 2.5 2.5 2.5 2 2.5 2 2 2 2.5 2 2.5
6,046 * 4,752 ** 4,656 * 4,689 * 4,706 * 5,136 * 5,484 * 4,951 ** 3,975 * 4,631 * 4,094 *** 3,497 * 4,499 *** 3,536 * 3,694 * 4,082 *** 3,886 * 3,519 * 2,627 * 3,547 * 3,238 * 2,832 * 2,615 * 2,699 ** 2,872 *** 2,583 * 1,924 * 1,972 * 1,526 ** 2,088 * 2,066 *** 1,952 * 1,776 *** 1,776 *** 1,292 * 1,484 * 1,351 1,367 * 1,367 * 1,232 *** 1,356 * 1,232 *
c losi n gs
* Represented Seller
** Represented Buyer
***Represented Seller and Buyer
4 | w w w.E chel berger. co m
R e p r e s e n t e d by D o ug Echelber ger
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
Pending
$579,000
$394
1,468
3/3
2
--
64 Paseo Rosa
SOLD
$650,000
$390
1,668
3/3
2
--
9/18/20
6 Paseo Luna
SOLD
$615,000
$410
1,500
3/3
2
--
12/1/20
3 Paseo Luna
SOLD
$595,000
$405
1,468
3/3
2
--
9/16/20
18 Paseo Del Rey
SOLD
$591,000
$403
1,468
3/3
2
1,000
11/20/20
42 Paseo Rosa
SOLD
$570,000
$388
1,468
2/3
2
--
12/1/20
30 Paseo Del Rey
SOLD
$569,000
$383
1,484
3/3
2
--
9/9/20
44 Paseo Luna
SOLD
$563,500
$384
1,468
3/3
2
--
10/31/20
26 Paseo Del Rey
SOLD
$530,000
$356
1,487
2/2
2
--
11/25/20
54 Paseo Rosa
SOLD
$524,900
$387
1,356
2/2
2
--
9/28/20
Email Info@Echelberger.com
Active
$879,000
$345
2,550
3/3
2
--
Email Info@Echelberger.com
Pending
$799,000
$339
2,358
3/3
2
--
11 Calle Merecida
Pending
$799,000
$339
2,358
3/3
2
--
82 Avenida Cristal
SOLD
$875,000
$427
2,050
3/2
2
--
9/28/20
2 Camino Sendero
SOLD
$795,000
$385
2,066
3/2
2
--
9/11/20
42 Paseo Verde
SOLD
$750,000
$384
1,952
3/3
2
100
9/17/20
19 Paseo Vista
SOLD
$730,000
$411
1,776
3/3
2
--
9/30/20
106 Paseo Vista
SOLD
$670,000
$377
1,776
3/3
2
--
10/19/20
112 Paseo Vista
SOLD
$650,000
$372
1,748
3/3
2
1000
9/21/20
178 Paseo Vista
SOLD
$640,000
$366
1,748
3/3
2
--
11/11/20
122 Paseo Vista
SOLD
$635,000
$363
1,748
3/3
2
--
11/6/20
Email Info@Echelberger.com
Active
$649,000
$399
1,625
3/3
2
--
Email Info@Echelberger.com
Carmel
Santalana
Trinidad Pending
$649,000
$342
1,896
3/3
2
--
11 Calle Calurosa
SOLD
$652,905
$344
1,896
4/3
2
--
9/18/20
5 Camino Celeste
SOLD
$643,000
$396
1,625
3/3
2
--
11/12/20
27 Camino Celeste
SOLD
$630,000
$392
1,606
3/3
2
--
9/16/20
21 Avenida Brio
SOLD
$549,000
$402
1,367
2/2
2
--
10/14/20
Verano
5 | w ww.E che l b erg er.c o m
Email Info@Echelberger.com
Pending
$679,000
$361
1,881
3/3
2
--
16 Via Villena
SOLD
$692,000
$376
1,840
3/3
2
--
11/13/20
15 Corte Javier
SOLD
$670,000
$364
1,840
3/3
2
--
10/14/20
24 Corte Aljibe
SOLD
$550,000
$407
1,351
2/2
2
--
11/25/20
63 Via Cartaya
SOLD
$525,000
$389
1,351
2/2
2
--
10/30/20
24 Via Almeria
SOLD
$515,000
$381
1,351
2/2
2
--
10/20/20
"There are realtors and then there are realtors. Doug and his team are on another level. Selling a home can be stressful and Doug kept stress at a minimum because he had a solid strategy. From pre-listing advice and support to a clear strategy based on the market led us to selling our home in a weekend above asking and a short escrow period." - Bob C.
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
Alora 21 Via Lampara
Active
$2,399,000
$596
4,026
4/5
3
12,401
13 Calle Loyola
SOLD
$1,700,000
$386
4,400
5/6
4
6,386
11/23/20
SOLD
$1,900,000
$370
5,136
5/6
3 3
10,083
8,515
10/16/20
Email Info@Echelberger.com
Active
$1,040,000
$405
2,567
3/3
2
6,100
Email Info@Echelberger.com
Pending
$910,000
$384
2,369
4/3
2
3,844
Email Info@Echelberger.com
Pending
$850,000
$380
2,234
4/3
2
3,972
17 Corte Limonada
SOLD
$1,070,000
$409
2,615
4/3
2
6,769
1 Via Santander
SOLD
$910,000
$355
2,567
3/3
2
3,737
Alta
22 Via Alcamo 37 Via Alcamo
SOLD
$1,745,000
$340
5,136
5/6
9/4/20
Amalfi
5 Via Zamora
4 Via Belorado
SOLD SOLD
$935,000 $892,000
$418 $399
2,237 2,234
3/3 4/3
2 2
9/9/20
3,911
11/6/20
3,473
10/9/20
9/11/20
Bella Vista No Activity
Cantabria Email Info@Echelberger.com
Pending
$1,248,000
$435
2,867
3/3
3
7,875
Caprizi Email Info@Echelberger.com
Active
$1,125,000
$436
2,583
4/3
2
6,153
18 Via Alonso
SOLD
$1,141,000
$470
2,427
3/3
2
6,369
11/17/20
34 Via Adrian
SOLD
$1,099,000
$453
2,427
3/3
2
5,054
10/6/20
16 Paseo Carla
SOLD
$1,140,000
$462
2,469
4/3
2
7,248
11/20/20
Careyes 67 Calle Careyes
Active
$2,250,000
$480
4,689
5/6
3
10,454
57 Calle Careyes
SOLD
$1,915,500
$409
4,689
4/5
3
9,975
7,262
9/8/20
Carillon Email Info@Echelberger.com
Active
$1,495,000
$359
4,170
6/7
2
Email Info@Echelberger.com
Pending
$1,629,900
$431
3,786
4/5
2
7,098
SOLD
$1,450,000
$383
3,786
4/5
2
7,098
9/16/20
27 Via Soria
SOLD
$1,475,000
$385
3,833
5/5
2
5,489
10/13/20
21 Via Jacobea
SOLD
$1,310,000
$375
3,497
4/4
3
5,790
9/15/20
Catania
31 Via Jacobea 37 Via Garona 14 Via Inca
Cazadero
SOLD SOLD SOLD
$1,315,000 $1,299,000 $1,155,000
$376 $361 $393
3,497 3,602 2,941
5/4 5/5 4/4
3 3 2
5,555 8,494
9/14/20 9/4/20
7,248
9/17/20
16 Via Buen Corazon
SOLD
$1,500,000
$367
4,082
5/5
3
6,264
9/28/20
11 Via Buen Corazon
SOLD
$1,350,000
$331
4,082
5/5
2
7,189
9/1/20
16 Corte El Brazo
SOLD
$1,425,000
$370
3,849
5/5
3
8,013
9/21/20
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6 | w ww.E che l b erg er.c o m
26 Via Torina
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
Pending SOLD SOLD SOLD
$949,000 $1,025,000 $990,000 $965,000
$401 $407 $396 $389
2,369 2,520 2,500 2,478
4/3 4/3 4/3 4/3
2 2 2 2
5,191 5,933 5,700 4,371
10/22/20 10/6/20 10/27/20
Active Pending SOLD SOLD
$1,175,000 $1,049,000 $1,149,000 $990,000
$487 $511 $476 $484
2,414 2,051 2,414 2,046
4/3 3/3 4/3 3/3
2 2 2 2
4,165 6,582 8,201 4,998
11/11/20 11/20/20
Active Pending SOLD
$2,645,000 $2,695,000 $3,010,000
$515 $449 $498
5,136 6,000 6,046
5/6 5/6 5/7
3 4 4
11,230 15,984 15,698
10/20/20
SOLD SOLD SOLD
$1,875,000 $1,760,000 $1,495,000
$398 $383 $325
4,706 4,599 4,599
5/6 5/6 5/6
4 3 3
15,965 8,563 8,774
9/9/20 10/20/20 9/21/20
Pending
$1,474,000
$442
3,338
5/4
3
7,707
Pending SOLD SOLD
$1,890,000 $2,330,000 $1,836,250
$427 $489 $434
4,423 4,766 4,229
5/6 5/6 5/5
3 3 3
13,431 10,416 14,320
10/16/20 10/20/20
SOLD
$1,260,000
$369
3,415
5/3
3
7,600
10/7/20
SOLD SOLD
$1,400,000 $1,325,000
$389 $324
3,601 4,085
4/4 5/4
3 3
9,390 9,216
11/20/20 9/21/20
SOLD SOLD SOLD
$1,955,000 $1,529,000 $1,480,000
$421 $396 $342
4,643 3,866 4,333
5/5 6/6 5/5
2 3 3
10,163 7,088 6,797
9/10/20 10/6/20 10/21/20
Pending SOLD
$1,495,000 $1,085,000
$491 $383
3,042 2,832
5/4 4/3
2 3
8,394 6,870
10/29/20
Pending Pending
$1,450,000 $1,025,000
$485 $341
2,987 3,009
5/3 4/3
3 2
6,948 5,347
Pending SOLD
$1,275,000 $2,225,000
$313 $498
4,068 4,468
4/5 5/7
3 3
7,765 11,882
Escala Email Info@Echelberger.com 3 Corte La Cereza 25 Via Apuesto 12 Via Ceramica
Farralon Ridge Email Info@Echelberger.com 302 Corte Mira Vista 101 Corte Tierra Bella 601 Corte Calmo
Lucia Email Info@Echelberger.com Email Info@Echelberger.com 27 Via Conocido
Mirador
19 Via Divertirse 13 Calle Gaulteria 17 Calle Aveituna
Miraleste Email Info@Echelberger.com
Montellano Email Info@Echelberger.com 60 Calle Vista Del Sol 23 Calle Vista Del Sol
Monterey
111 Via Plumosa
Pacifica Summit
16 Calle Pacifica 7 Calle Pacifica
Pacifica Talega
400 Camino Bandera 424 Camino Bandera 414 Camino Bandera
Portofino 6 Calle Portofino 23 Calle Portofino
Portomarin
7 | w w w.E c he l berger. co m
14 Via Timon Email Info@Echelberger.com
Ravenna Email Info@Echelberger.com 52 Via Nerisa
10/8/20
"Doug Echelberger is known as the go-to realtor for properties in Talega and was our first choice for selling our home. COVID-19 created a very tricky and trying period during the sale of our home. Through it all, Doug personally responded to all our questions, and leveraged his ties with agents in the area to bring multiple buyers before reaching a successful close." - Randy P.
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
Sabella Email Info@Echelberger.com
Pending
$939,000
$399
2,351
4/3
2
4,866
SOLD
$1,130,000
$430
2,627
4/3
2
5,454
9/23/20
SOLD
$1,111,000
$353
3,147
4/4
3
6,733
10/5/20
102 Via Monte Picayo
SOLD
$1,270,000
$369
3,445
5/4
3
6,087
11/30/20
314 Via Los Tilos
SOLD
$1,255,000
$344
3,650
5/4
3
6,254
9/28/20
19 Via Cuenta Nueva
San Lucar
4 Calle Verdadero
San Rafael
303 Via Los Tilos
SOLD
$1,265,000
$358
3,536
5/5
3
5,739
10/8/20
Sansol Email Info@Echelberger.com 28 Corte Vidriosa
23 Calle Saltamontes
Pending
$1,100,000
$358
3,069
3/3
3
7,171
SOLD
$1,265,000
$391
3,238
5/4
2
6,207
SOLD
$1,169,000
$381
3,069
4/4
3
6,804
9/29/20
10/15/20
Seaside Email Info@Echelberger.com
Pending
$1,039,000
$414
2,507
5/3
2
4,742
6 Calle Pelicano
SOLD
$1,180,000
$437
2,700
5/3
3
7,629
9/14/20
5 Calle Camaron
SOLD
$995,000
$397
2,507
5/3
2
4,989
11/10/20
7,447
11/6/20
4 Calle Tortuga
17 Calle Pelicano
10 Avenida Reflexion
SOLD SOLD SOLD
$999,000 $950,000 $950,000
$422 $402 $379
2,365 2,365 2,507
4/3 4/3 4/3
2 2 2
6,052 4,614
10/1/20
11/20/20
Solana Email Info@Echelberger.com
Active
$979,000
$427
2,294
5/3
2
5,995
32 Calle Boveda
SOLD
$915,000
$399
2,294
4/3
2
6,993
9/21/20
15 Corte Pasillo
SOLD
$810,000
$479
1,690
3/3
2
4,700
10/14/20
11 Calle Tejado
SOLD
$905,000
$536
1,690
3/3
2
3,665
11/6/20
Stella Mare 85 Via Regalo
Pending
$1,375,000
$369
3,729
5/5
3
6,181
73 Via Regalo
SOLD
$1,400,000
$383
3,660
5/5
3
8,368
10/5/20
SOLD
$1,050,000
$318
3,305
5/3
2
6,056
10/2/20
Email Info@Echelberger.com
Pending
$1,100,000
$385
2,857
3/3
3
4,554
Email Info@Echelberger.com
Pending
$950,000
$333
2,857
5/3
3
4,902
58 Via Armilla
SOLD
$1,315,000
$435
3,025
5/3
2
7,568
11/20/20
54 Via Armilla
SOLD
$1,108,000
$345
3,211
4/4
3
5,000
9/17/20
21 Via Timon
Terra Linda
226 Via Malaga
SOLD
$1,250,000
$338
3,694
5/5
2
8,648
9/8/20
Vittoria
Vizcaya
8 Corte Vizcaya
SOLD
SOLD
$1,200,000
$1,700,000
$374
$310
3,211
5,484
4/4
5/6
3
3
5,379
14,536
11/16/20
11/10/20
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8 | w w w.E c he l berger.c o m
56 Via Armilla
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
21 Camino Lienzo
SOLD
$1,112,500
$305
3,650
4/3
2
6,624
12/4/20
4 Camino Lienzo
SOLD
$1,050,000
$389
2,699
2/2
2
8,026
9/11/20
16 Corte Sevilla
SOLD
$1,050,000
$389
2,699
2/2
2
7,026
11/2/20
12 Corte Sevilla
SOLD
$1,045,000
$435
2,401
2/2
2
5,837
10/20/20
12 Corte De Vega
SOLD
$935,000
$407
2,297
3/3
2
4,545
12/4/20
18 Corte Ladino
SOLD
$915,000
$513
1,785
3/2
2
4,548
10/29/20
11 Corte Sagrada
SOLD
$850,000
$476
1,785
3/2
2
5,360
11/9/20
10 Corte Ladino
SOLD
$849,000
$476
1,785
3/2
2
4,639
9/29/20
Sandbridge
Seagarden No Activity
Waterleaf No Activity
Wavecrest
Talega Averages
Single Family ACTIVE (8) PENDING SALE (19) SOLD (69)
List Price $1,638,500 $1,255,031 $1,309,287
SqFt DOM 3,485 31 3,122 32 3,292 21
List $ PSF $462 $401 $398
Sold Price
Condo/Townhouse ACTIVE (2) PENDING SALE (5) SOLD (26)
List Price $764,000 $701,000 $630,880
SqFt DOM 2,088 44 1,992 35 1,633 18
List $ PSF $372 $355 $386
Sold Price
Sold $ PSF
$1,295,786
$630,012
$399 Sold $ PSF $386
9 | w w w.E c he l berger. co m
call us today, for a COMPLIMENTARY home evaluation from talega's most experienced real estate agent 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 12.8.2020 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 Pacific Sotheby's International Realty 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 before 9.1.2020 have been eliminated. If you would like the name, address, and phone number of the firm representing a specific property listed above, please email info@echelberger.com.
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
ORANGE COUNTY MARKET SUMMARY •
The active listing inventory plunged by 317 homes in the past two-weeks, down 9%, and now totals 3,152, its lowest level since tracking began in 2004. COVID-19 is not suppressing the inventory despite the recent surge in cases. In November, there were 15% more homes that came on the market compared to last year. Last year, there were 4,546 homes on the market, 1,394 additional homes, or 44% more.
•
Demand, the number of pending sales over the prior month, decreased by 72 pending sales in the past twoweeks, down 3%, and now totals 2,549, its strongest December reading since 2011. COVID-19 has no effect on demand. Record low rates are fueling today’s exceptional demand. Last year, there were 1,949 pending sales, 24% fewer than today.
•
The Expected Market Time for all of Orange County decreased from 40 days to 37, its strongest reading in 2020 and a Hot Seller’s Market (less than 60 days). It was at 70 days last year, much slower than today.
•
For homes priced below $750,000, the market is a hot Seller’s Market (less than 60 days) with an expected market time of 27 days. This range represents 33% of the active inventory and 45% of demand.
•
For homes priced between $750,000 and $1 million, the expected market time is 23 days, a hot Seller’s Market. This range represents 16% of the active inventory and 25% of demand.
•
For homes priced between $1 million to $1.25 million, the expected market time is 34 days, a hot Seller’s Market.
•
For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time decreased from 47 to 36 days. For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 63 to 53 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 123 to 119 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 322 to 248 days.
•
The luxury end, all homes above $1.25 million, accounts for 42% of the inventory and only 20% of demand.
•
Distressed homes, both short sales and foreclosures combined, made up only 0.3% of all listings and 0.2% of demand. There are only 2 foreclosures and 6 short sales available to purchase today in all of Orange County, 8 total distressed homes on the active market, up 1 from two-weeks ago. Last year there were 68 total distressed homes on the market, more than today. There were 2,843 closed residential resales in November, 25% more than November 2019’s 2,269 closed sales. November marked a 15% drop compared to October 2020. The sales to list price ratio was 98.5% for all of Orange County. Foreclosures accounted for just 0.1% of all closed sales, and short sales accounted for 0.2%. That means that 99.7% of all sales were good ol’ fashioned sellers with equity. 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 vi si t us onl i ne or c al l 949.498.7711 .
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302 N. El Camino Real, Suite 214 | San Clemente, CA 92672
santa ana, ca
FROM THE BLOG FLAVORS OF LATIN AMERICA There are few things that connect us to our surroundings, experiences, and other cultures in the same way that food does. This is something that Chef Leonor Espinosa carries at the core of her relationship with cooking.
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DECEMBER CALENDAR OF EVENTS You can count on us to keep you informed with what is happening locally at any time of the year. This month’s calendar is full of fully online events that are both fun and unique, and many of them free of cost.
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OVER 700+ SUCCESSFULLY CLOSED TRANSACTIONS IN TALEGA #Keeping I t RealEstate in San Clemente Since 1994
Knowledge | Honesty | Integrity
DOUG ECHELBERGER DRE#01176379 949.498.7711 Doug@Echelberger.com
Broker and agent do 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. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. If your property is listed with a real estate broker, please disregard. Each Office Is Independently Owned And Operated. Broker DRE #01767484 | Doug Echelberger DRE #01176379