the GREEN sheet | February 2021

Page 1

F E B R U A R Y 2 0 2 1

t he

GREEN sheet

TA LE GA’S RED-HOT R E A L E STAT E M A RK ET


THE YEAR (OR TWO) IN REVIEW Happy New Year everyone! I hope your holiday celebrations were memorable and that 2021 brings you and yours only the very best. At the beginning of each year I take some time to reflect on Talega’s real estate statistics. By comparing 2019 and 2020 and noting the differences between the two, I can gain some insight into what 2021 may have in store for us.

The lead headline for Talega in 2020 was inventory shrank and prices rose. Overall, Talega saw a 3% increase in condo/ townhome sales and just over 4% in single-family home sales. This is an overall average, as some Talega neighborhoods experienced a significant increase in sales prices from 2019 to 2020. For example, Careyes saw an 11% increase in yearover-year sale prices. As the pandemic hit and buyers gravitated toward larger houses, sales of Talega’s larger homes surged.

I am frequently asked about the value of a swimming pool in Talega. In 2020, I compared pool homes and non-pool homes. I like to break them down into two categories: 3,000 to 4,000 square-foot homes and homes that are 4,000 square feet and up. On average last year, pool homes in the 3k to 4k category averaged $32 more per square foot than those without. In this category, there were 16 pool homes and 49 non-pool homes that sold in 2020. Homes with a pool in the 4k-plus category averaged $60 more per square foot than those without. In this category, there were 20 pool homes and 20 non-pool homes. In Talega, having a pool still proves to be a valuable addition to any home as long as the yard size permits.

Today, low inventory continues to be an issue in Talega, with only six homes available as I write this article. That is remarkably low for our community, and it is an issue affecting much of Southern California. In 2021 inventory will remain low and pricing will remain strong, so do not expect the market to slow down anytime soon. The pandemic has put San Clemente on the map of places to live since commuting has become less of an issue. We are still seeing a lot of buyers moving from all parts of California to our little paradise.

Echelberger Group provides the expertise and resources necessary to make it easier for its clients. More than 20 years of experience has given the team an edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby's International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free. For more information, visit www.echelberger.com or call 949.498.7711.


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41 Calle Vista Del Sol

Luxury New Upgrades

5 bed | 5.5 bath | 4,774 sq ft | 14,304 sq ft lot

Embraced by graceful and mature palm trees that accentuate a prime corner homesite at Talega’s distinguished Montellano neighborhood in San

Clemente, this extra-spacious and private residence reveals a host of brand-new upgrades throughout. New appointments are led by handsome wood flooring, contemporary lighting fixtures, designer paint, stylish millwork, and five-and-one-half baths that display stunning new fixtures. Five ensuite bedrooms, including on one the first level, also showcase today’s preferred features, with the oversized main bedroom presenting two outdoor decks, a sitting area, fireplace, a walk-in closet and a spacaliber bath. Approximately 4,774 square feet, the home offers a formal dining room with patio, a fireplace-warmed living in entertainment center and surround sound. Virtually custom, the home’s impressive new kitchen shines with white cabinetry, a new island, stone countertops, a butler’s pantry, walk-in pantry and new high-end stainless-steel appliances. Upstairs, a loft offers appreciated versatility and a covered balcony, and a study alcove features a built-in desk. Grounds extend 14,304 square feet and are home to a courtyard and motorcourt with gated porte cochere, and a glamourous backyard with saltwater pool, a spa, a trio of waterfalls, a covered patio, water-saving lifelike synthetic turf, and a barbecue bar with seating.

www.41Ca lle Vi s ta D e lSo l.c o m

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room with courtyard access, a first-floor den or home office, large bonus room, and a grand family room with a fireplace, built-


TALEGA RESIDENCES 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 I N ES C ROW IN 2 DAYS

1

IN E SCROW IN 4 DAYS

2 IN E SCROW IN 23 DAYS

3

4 I N ES C R OW IN 0 DAYS

5

SOLD IN 4 DAYS AT FULL P RICE

6

3 | w w w.E c hel berger. co m

S OLD IN 2 DAYS

7

SOLD IN 6 DAYS OVE R ASK

8


TALEGA RESIDENCES R e p r e s e n t e d by D o ug Echelber ger S O LD I N 5 DAYS AT FULL P RICE

SOLD OFF-M ARKE T

9

10 ADDRESS

pending

1| 2| 3| 4| 5|

41 Calle Vista Del Sol 44 Calle Vista Del Sol 67 Calle Careyes 31 Via Alcamo 16 Via Conocido

TRACT

7| 8| 9| 10 |

BED

BATH

SQFT

Montellano Montellano Careyes Alta Lucia

$2,299,000 $2,297,000 $2,250,000 $2,250,000 $2,200,000

5 5 5 5 6

5.5 5.5 5.5 5.5 5.5

4,774 4,686 4,689 5,068 6,070

Pacifica - Talega 6 Calle Portofino Portofino 414 Camino Flora Vista Farralon Ridge 11 Calle Merecida Carmel 26 Corte Pinturas Seagarden

$1,575,000 $1,480,000 $950,000 $799,000 $750,000

6 5 4 3 2

5.5 4 2.5 3 2.5

3,866 * 3,042 * 2,414 * 2,358 *** 2,053 ***

20 2 0 YTD 6 | 308 Camino Bravado

c losi n gs

PRICE

* Represented Seller

** Represented Buyer

***Represented Seller and Buyer

call us today, for a COMPLIMENTARY home evaluation from talega's most experienced real estate agent

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 .

4 | w w w.E chel berger. co m

DOUG ECHELBERGER 949.498.7711 | doug@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 JA N UA R Y

TOWNHOMES TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

6 Paseo Luna

SOLD

$615,000

$410

1,500

3/3

2

--

12/1/20

50 Paseo Del Rey

SOLD

$575,000

$392

1,468

3/3

2

--

12/11/20

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

26 Paseo Del Rey

SOLD

$530,000

$356

1,487

2/2

2

--

11/25/20

12 Paseo Luna

SOLD

$510,000

$414

1,232

2/3

2

--

1/15/21

Email Info@Echelberger.com

Active

$864,900

$342

2,527

3/3

2

--

3 Avenida Cristal

SOLD

$799,000

$339

2,358

3/3

2

--

12/14/20

11 Calle Merecida

SOLD

$799,000

$339

2,358

3/3

2

--

1/20/21

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

5 Camino Celeste

SOLD

$643,000

$396

1,625

3/3

2

--

11/12/20

37 Camino Celeste

SOLD

$640,000

$394

1,625

3/3

2

--

1/8/21

43 Camino Celeste

SOLD

$635,000

$335

1,896

3/3

2

--

1/20/21

3 Calle Calurosa

SOLD

$591,000

$426

1,388

2/2

2

--

1/15/21

Pending

$669,000

$364

1,840

3/3

2

--

16 Via Villena

SOLD

$692,000

$376

1,840

3/3

2

--

11/13/20

45 Via Villena

SOLD

$684,000

$364

1,881

3/3

2

--

1/6/21

24 Corte Aljibe

SOLD

$550,000

$407

1,351

2/2

2

--

11/25/20

Alassio

Carmel

Santalana

Trinidad

Verano

5 | w ww.E che l b erg er.c o m

Email Info@Echelberger.com

"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 JA N UA R Y

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

Pending

$2,250,000

$444

5,068

5/6

3

13,745

10/16/20

Email Info@Echelberger.com

Active

$1,040,000

$405

2,567

3/3

2

6,100

5 Via Zamora

SOLD

$935,000

$418

2,237

3/3

2

3,911

11/6/20

9 Via Huesca

SOLD

$932,000

$393

2,369

4/3

2

3,844

12/21/20

4 Via Oviendo

SOLD

$855,000

$383

2,234

4/3

2

3,972

12/17/20

Alta 31 Via Alcamo

Amalfi

Bella Vista No Activity

Cantabria Email Info@Echelberger.com

Pending

$1,254,000

$437

2,867

3/3

3

8,071

SOLD

$1,250,000

$436

2,867

3/3

3

7,875

Email Info@Echelberger.com

Pending

$1,125,000

$436

2,583

4/3

2

6,153

Email Info@Echelberger.com

Pending

$1,089,000

$424

2,566

4/3

2

6,006

18 Via Alonso

SOLD

$1,141,000

$470

2,427

3/3

2

6,369

11/17/20

16 Paseo Carla

SOLD

$1,140,000

$462

2,469

4/3

2

7,248

11/20/20

11 Via Alonso

SOLD

$1,010,000

$415

2,431

4/3

2

4,672

1/19/21

67 Calle Careyes

Pending

$2,250,000

$480

4,689

5/6

3

10,454

Email Info@Echelberger.com

Pending

$1,875,000

$400

4,689

5/5

3

8,189

SOLD

$1,550,000

$409

3,786

4/5

2

7,098

1/8/21

SOLD

$1,400,000

$348

4,024

5/5

3

7,943

12/29/20

SOLD

$955,000

$403

2,369

4/3

2

5,191

12/9/20

16 Calle De La Luna

12/22/20

Caprizi

Careyes

Carillon 26 Via Torina

Catania No Activity

33 Via Buen Corazon

Escala 15 Via Santander

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Cazadero


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 JA N UA R Y

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

Email Info@Echelberger.com

Active

$1,139,000

$472

2,414

4/3

2

4,165

Email Info@Echelberger.com

Active

$999,000

$520

1,923

4/3

2

4,928

Pending

$979,000

$448

2,186

4/3

2

5,648

101 Corte Tierra Bella

SOLD

$1,149,000

$476

2,414

4/3

2

8,201

11/11/20

601 Corte Calmo

SOLD

$990,000

$484

2,046

3/3

2

4,998

11/20/20

Farralon Ridge

314 Corte Mira Vista 302 Corte Mira Vista

414 Camino Flora Vista

SOLD SOLD

$1,055,000 $950,000

$514

$394

2,051

2,414

3/3

4/3

2

2

6,582

4,003

12/30/20

1/20/21

Lucia Email Info@Echelberger.com

Pending

$2,695,000

$449

6,000

5/6

4

15,984

Email Info@Echelberger.com

Pending

$2,598,000

$506

5,136

5/6

3

11,230

16 Via Conocido

Pending

$2,200,000

$362

6,070

6/6

4

13,229

SOLD

$1,474,000

$442

3,338

5/4

3

7,707

Active

$2,195,000

$496

4,429

5/6

3

10,764

Mirador No Activity

Miraleste

44 Via Cancion

1/15/21

Montellano Email Info@Echelberger.com Email Info@Echelberger.com

Active

$1,970,000

$410

4,800

5/6

3

10,670

41 Calle Vista Del Sol

Pending

$2,299,000

$482

4,774

5/6

3

14,304

44 Calle Vista Del Sol

Pending

$2,297,000

$490

4,686

5/6

3

10,910

39 Calle Vista Del Sol

SOLD

$1,890,000

$427

4,423

5/6

3

13,431

Pending

$1,325,000

$426

3,111

5/5

3

6,573

12/23/20

Monterey Email Info@Echelberger.com

Pacifica Summit Email Info@Echelberger.com 5 Calle Pacifica

16 Calle Pacifica

Pacifica Talega

308 Camino Bravado

Portofino

6 Calle Portofino

Portomarin

7 | w w w.E c he l berger. co m

14 Via Timon

59 Via Regalo

Pending

$1,399,000

$386

3,627

4/5

3

7,843

SOLD

$1,798,000

$411

4,372

5/4

3

10,123 9,390

11/20/20

SOLD

$1,575,000

$407

3,866

6/6

3

8,387

1/20/21

SOLD

$1,480,000

$487

3,042

5/4

2

8,394

1/19/21

SOLD

$1,450,000

$485

2,987

5/3

3

6,948

12/21/20

Pending

$1,275,000

$313

4,068

4/5

3

7,765

SOLD

SOLD

$1,400,000

$1,025,000

$389

$341

3,601

3,009

4/4

4/3

3

2

5,347

1/19/21

12/22/20

Ravenna Email Info@Echelberger.com

"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 JA N UA R Y

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

SOLD

$941,500

$400

2,351

4/3

2

4,866

Pending

$1,079,000

$441

2,448

4/3

2

4,532

SOLD

$1,270,000

$369

3,445

5/4

3

6,087

11/30/20

SOLD

$1,100,000

$358

3,069

3/3

3

7,171

1/7/21

Pending

$1,225,000

$464

2,641

4/3

2

7,310

39 Calle Guijarro

SOLD

$1,030,000

$411

2,507

5/3

2

4,742

18 Calle Almeja

SOLD

$1,000,000

$379

2,641

5/3

3

4,668

1/7/21

5 Calle Camaron

SOLD

$995,000

$397

2,507

5/3

2

4,989

11/10/20

17 Calle Pelicano

SOLD

$950,000

$402

2,365

4/3

2

4,614

11/20/20

10 Avenida Reflexion

SOLD

$950,000

$379

2,507

4/3

2

7,447

11/6/20

Pending

$979,000

$427

2,294

5/3

2

5,995

SOLD

$905,000

$536

1,690

3/3

2

3,665

Sabella 18 Calle Akelia

12/24/20

San Lucar 5 Via Abajar

San Rafael 102 Via Monte Picayo

Sansol 3 Corte Abeja

Seaside Email Info@Echelberger.com

12/18/20

Solana Email Info@Echelberger.com 11 Calle Tejado

11/6/20

Stella Mare Email Info@Echelberger.com

Pending

$1,299,000

$363

3,577

4/4

3

5,514

SOLD

$1,400,000

$375

3,729

5/5

3

6,181

Email Info@Echelberger.com

Pending

$1,249,000

$389

3,211

4/4

2

6,351

Email Info@Echelberger.com

85 Via Regalo

12/29/20

Terra Linda No Activity

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

56 Via Armilla

SOLD

$1,200,000

$374

3,211

4/4

3

5,379

11/16/20

55 Via Armilla

SOLD

$1,125,000

$394

2,857

3/3

3

4,554

12/29/20

SOLD

$1,700,000

$310

5,484

5/6

3

14,536

11/10/20

Vizcaya 8 Corte Vizcaya

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Vittoria


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 JA N UA R Y

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

16 Corte Sevilla

SOLD

$1,050,000

$389

2,699

2/2

2

7,026

11/2/20

SOLD

$750,000

$365

2,053

2/3

2

--

1/20/21

12 Corte De Vega

SOLD

$935,000

$407

2,297

3/3

2

4,545

12/4/20

11 Corte Sagrada

SOLD

$850,000

$476

1,785

3/2

2

5,360

11/9/20

Sandbridge

Seagarden 26 Corte Pinturas

Waterleaf No Activity

Wavecrest

Talega Averages

Single Family ACTIVE (6) PENDING SALE (21) SOLD (41)

List Price $1,623,667 $1,548,383 $1,200,771

SqFt DOM 3,360 43 3,681 25 2,951 21

List $ PSF $483 $417 $406

Sold Price

Condo/Townhouse ACTIVE (1) PENDING SALE (1) SOLD (18)

List Price $864,900 $669,00 $636,094

SqFt DOM 2,527 101 1,840 44 1,694 14

List $ PSF $342 $363 $379

Sold Price

Sold $ PSF

$1,193,488

$636,056

$411 Sold $ PSF $379

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 JA N UA R Y

ORANGE COUNTY MARKET SUMMARY •

The active listing inventory decreased by 6 homes in the past two-weeks, nearly unchanged, and now totals 2,627, its lowest January level since tracking began in 2004. COVID-19 is not suppressing the inventory despite the surge in cases. In December, there were 27% more homes that came on the market compared to the prior 5-year average. Last year, there were 4,023 homes on the market, 1,396 additional homes, or 53% more.

Demand, the number of pending sales over the prior month, increased by 160 pending sales in the past twoweeks, up 8%, and now totals 2,055, its strongest January level since 2013. COVID-19 has no effect on demand. Record low rates are fueling today’s exceptional demand. Last year, there were 1,702 pending sales, 17% fewer than today.

The Expected Market Time, the number of months to sell all Orange County listings at the current buying pace, decreased from 42 days to 38, a Hot Seller’s Market (less than 60 days). It is the strongest reading to a January since tracking began in 2004. It was at 71 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 29 days. This range represents 33% of the active inventory and 44% of demand.

For homes priced between $750,000 and $1 million, the Expected Market Time is 25 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 26 days, a Hot Seller’s Market.

For homes priced between $1.25 million to $1.5 million, the Expected Market Time is 49 days, a Hot Seller’s Market.

For luxury homes priced between $1.5 million and $2 million, the Expected Market Time increased from 55 to 56 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 124 to 83 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 373 to 220 days.

The luxury end, all homes above $1.5 million, accounts for 35% of the inventory and only 16% of demand.

Distressed homes, both short sales and foreclosures combined, made up only 0.3% of all listings and 0.4% of demand. There are only 4 foreclosures and 4 short sales available to purchase today in all of Orange County, 8 total distressed homes on the active market, down 1 from two-weeks ago. Last year there were 44 total distressed homes on the market, more than today. There were 3,091 closed residential resales in December, 25% more than December 2019’s 2,469 closed sales. December marked a 9% increase compared to November 2020. The sales to list price ratio was 98.7% for all of Orange County. Foreclosures accounted for just 0.2% of all closed sales, and short sales accounted for 0.3%. That means that 99.5% 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 .

for more information on current oc housing market, visit our blog at

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302 N. El Camino Real, Suite 214 | San Clemente, CA 92672

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FROM THE BLOG MEXICO'S UNDERRATED DESTINATIONS Skip Cabo next year for Mexico’s most underrated destinations. Don’t be afraid to break away from

the pack. You’ll have to go off the beaten path — and outside your resort — to experience what this country is all about.

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BRILLIANCE OF RANCH HOMES Ranch living keeps it on the level. Spread out over one floor, these homes are more casual, often lacking the symmetry of more classic designs. Buyers are attracted to that casual air, and the style maximizes indoor-outdoor living.

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FEBRUARY 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 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


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