The GREEN Sheet | Nov/Dec 2023

Inhabit Real Estate

THE GREEN SHEET

Your Home is Here

Nov/Dec Issue | 2023

The The Green Green Sheet Sheet || Inhabit Inhabit Real Real Estate Estate

MESSAGE FROM OUR FOUNDER Dear Friends and Clients, As we bid a heartfelt farewell to 2023, we can’t help but reflect on the incredible journey we’ve embarked upon this past year. It has been a year of profound moments, a mix of challenges and rewarding experiences, and through it all, we’ve been profoundly grateful to have you right there with us.

At Echelberger Group and Inhabit Real Estate, we’ve always held the belief in the power of family, and that sentiment extends to each of you, our cherished clients and dear friends. Just as we hold our loved ones close, we consider you an essential part of our extended family.

The holiday season is upon us, bringing with it fresh opportunities, the chance to revisit beloved traditions, and the promise of new beginnings in the year ahead. We hope the spirit of the season fills your hearts with an abundance of warmth and joy, with these feelings carrying you forward to inspire and uplift you throughout 2024.

San Clemente continues to be our beloved home, and the sense of community in our area is truly special. We stand united, ready to extend a helping hand whenever it’s needed, and we work together to create a welcoming environment for all who call Talega home.

As we pause for a moment to express our heartfelt gratitude for the year that’s been, we extend our sincere appreciation to every one of you. Thank you for the laughter, the treasured memories, and the unforgettable moments.

As we approach 2024, we eagerly anticipate embracing new opportunities, nurturing fresh hopes, and unlocking untapped potential. Please know that the Echelberger Group will continue to stand steadfastly by your side throughout the holiday season and the new year that follows, just as we always have.

May this holiday season be filled with boundless happiness, abundant prosperity, and the heartwarming embrace of togetherness.

Doug Echelberger, CEO

3

12 CALLE ANACAPA FEATURED RESIDENCE Just Listed 12 Calle Anacapa • Pacifica Summit • Talega 5 Bed | 4.5 Bath | 4,372 Sf | $2,395,000 With the largest floorplan at Talega’s prestigious Pacifica Summit collection in San Clemente and expansive views that sweep across the hills, valley, neighborhoods and evening lights below, this luxurious executive-class residence is primed for fast move-in. Recalling the elegance of Santa Barbara’s classic Spanish villas, the impressive home offers ample room to live and grow in a twostory floorplan of approximately 4,372 square feet.

Five generously sized bedrooms and four-and-one-half baths offer ensuite and shared-bath configurations, with the primary suite distinguished by a view-enhanced balcony, spacious sitting room, oversized walk-in closet, and a luxurious bath. From entertaining to laidback living, this extraordinary home accommodates every occasion in style.

PANORAMIC VIEWS

The formal living room includes a bonus room, and the formal dining room opens to the side yard via French doors. Grand-scale design continues in the combined family room and kitchen, which displays a stone fireplace and raised hearth, built-in media center, oversized island, granite countertops, generous cabinet storage, and stainless steel GE Profile appliances. One bedroom suite is located downstairs, an office is featured off the second-level hall, and a split three-car garage is adorned with epoxy floor coating.

Beautiful views complement a backyard that features a pool with spa, waterfall and Baja shelf in a homesite of nearly 6,707 square feet. Sun and shade patios and an open-air fireplace add to the resort-style ambiance, while the front yard is characterized by a gated entry courtyard.

Nestled in the heart of Talega, this magnificent Pacifica Summit home is minutes from Talega’s Swim & Athletic Club, championship golf course, award-winning schools, parks, trails and shopping centers.

12CalleAnacapa.com

The Green Sheet | Inhabit Real Estate

5

21 VIA CRISTOBAL FEATURED RESIDENCE Just Listed 21 Via Cristobal • Sabella • Talega 5 Bed | 3 Bath | 2,817 Sf | $1,650,000 Scenic views, elegant living spaces and a custom-expanded floorplan are just the beginning of the many advantages you will love at this move-in-ready home in San Clemente’s master-planned community of Talega. Located on an elevated cul-de-sac-street lot of about 5,777 square feet, the upgraded residence offers panoramic neighborhood, hill and evening-light views. Noteworthy upgrades are appreciated throughout the five-bedroom, three-bath home, which now spans approximately 2,817 square feet. Enjoy a main-floor bedroom, expanded loft with closet, fully appointed kitchen with stainless-steel appliances, primary suite with view balcony, attached three-car garage with storage, and a private backyard with BBQ and fire pit.

The Green Sheet | Inhabit Real Estate

21ViaCristobal.com

TALEGA RESIDENCES REPRESENTED BY DOUG ECHELBERGER

18 Calle Altea Active • Tract: Bella Vista 3 Bed | 3.5 Bath | 3,604 Sf | $1,775,000

18 Via Alcamo Sold • Represented Seller • Tract: Alta 40 Via Cancion

5 Bed | 5.5 Bath | 4,850 Sf | $2,950,000

Sold • Represented Seller • Tract: Miraleste 4 Bed | 2.5 Bath | 3,338 Sf | $1,845,000

7

TALEGA RESIDENCES CONT’D. REPRESENTED BY DOUG ECHELBERGER In Escrow Address

Tract

Price

Bed

Bath

Garage

SQ FT

13 Via Diego

Alta

$3,299,999

5

6

2

5,436**

51 Via Alcamo

Alta

$2,989,000

5

6

4

4,752**

Address

Tract

Price

Bed

Bath

Garage

SQ FT

38 Via Alcamo

Alta

$3,675,000

6

7

2

5,356*

17 Calle Careyes

Careyes

$3,300,000

5

6

18 Via Alcamo

Alta

$2,950,000

5

6

4

4,850*

21 Calle De La Luna

Cantabria

$2,621,500

3

3

2

3,100*

20 Corte Jaime

Ravenna

$2,420,000

4

5

3

4,468*

40 Via Cancion

Miraleste

$1,845,000

4

3

3

3,338*

14 Corte Sevilla

Sandbridge

$1,790,000

3

3

2

3,634*

10 Calle Verdadero

San Lucar

$1,675,000

4

3

2

2,615*

25 Via Garona

Catania

$1,675,000

4

4

2

2,941*

105 Plaza Via Sol

Terra Linda

$1,650,000

5

3

2

2,888**

5 Corte Sevilla

Sandbridge

$1,600,000

3

2

2

2,401*

50 Avenida Cristal

Carmel

$1,395,000

3

2

2

2,050*

26 Calle Akelia

Sabella

$1,295,000

4

3

2

2,627*

6 Camino Lozano

Carmel

$1,150,000

2

2

2

2,043*

2023 Closings

* Represented Seller

** Presented Buyer

The Green Sheet | Inhabit Real Estate

*** Represented Seller and Buyer

5,061**

MARKET REPORT TOWNHOMES Home Values in October Tract/Street

Status

Price

Price/SQ FT

SQ FT*

Bed/Bath

Garage

Lot Size*

CDE

12 Paseo Luna

Active

$725,000

$588

1,232

2/3

2

(A)

5 Paseo Luna

Sold

$805,00

$494

1,631

3/4

2

7.7.23

76 Paseo Del Rey

Sold

$805,00

$548

1,468

3/3

2

7.14.23

66 Avenida Cristal

Sold

$1,450,000

$702

2,066

3/2

2

9.21.23

50 Avenida Cristal

Sold

$1,395,000

$680

2,050

3/2

2

7.11.23

10 Camino Celeste

Active

$760,000

$548

1,388

2/2

2

(B)

43 Camino Celeste

Sold

$908,000

$479

1,896

3/3

2

8.10.23

20 Calle Viveza

Sold

$765,000

$551

1,388

2/2

2

7.11.23

23 Via Huelva

Active

$779,900

$577

1,351

2/2

2

(C)

22 Corte Loarre

Sold

$1,185,000

$648

1,830

3/3

2

8.4.23

ALASSIO

CARMEL

SANTALANA No activity TRINIDAD

VERANO

Call us today for a complimentary home evaluation from Talega’s most experienced real estate agent.

Doug Echelberger 949.463.0400 | doug@echelberger.com

(A): Coldwell Banker Realty (B): Gary Fallis Real Estate Svcs (C): HomeSmart, Evergreen Realty

9

SINGLE-FAMILY HOMES Home Values in October Tract/Street

Status

Price

Price/SQ FT

SQ FT*

Bed/Bath

Garage

Lot Size*

CDE

24 Via Carina

Active

$7,450,000

$1,416

5,263

4/6

2

10,610

(A)

13 Via Diego

Active

$3,299,000

$607

5,436

5/6

2

9,483

(B)

51 Via Alcamo

Active

$2,989,000

$629

4,752

5/6

4

12,169

(C)

18 Via Alcamo

Pending

$2,998,000

$618

4,850

5/6

4

9,610

(D)

5 Via Huesca

Sold

$1,330,000

$595

2,237

3/3

2

4,035

9.25.23

11 Via Oviendo

Sold

$1,299,000

$581

2,237

3/3

2

3,661

9.29.23

18 Calle Altea

Active

$1,775,000

$493

3,604

3/4

3

7,063

(D)

19 Calle Altea

Sold

$2,212,500

$589

3,757

4/3

3

5,456

8.31.23

Sold

$2,200,000

$626

3,512

4/4

3

7,139

7.28.23

Sold

$3,350,000

$745

4,736

5/6

3

10,672

9.27.23

59 Via Cartama

Active

$2,200,000

$629

3,512

5/4

3

6,821

(E)

13 Via Fontibre

Active

$1,795,000

$610

3,512

5/4

2

5,837

(F)

29 Via Garona

Pending

$1,759,000

$598

3,512

4/4

2

8,389

(G)

40 Via Cartama

Sold

$1,799,000

$507

3,512

5/4

2

5,500

Sold

$2,500,000

$612

4,082

5/5

3

8,673

ALORA No activity ALTA

AMALFI

BELLA VISTA

CANTABRIA 22 Calle De La Luna CAPRIZI No activity CAREYES 15 Calle Sonador CARILLON No activity CATANIA

CAZADERO 18 Corte El Brazo

(A): Compass (B): GreenTree Properties (C): Professional Real Estate Sales (D): Inhabit Real Estate (E): Re/Max First Class (F): Keller Williams OC Realty (G): Avid Mortgage Solutions

The Green Sheet | Inhabit Real Estate

10.5.23

SINGLE-FAMILY HOMES Home Values in October Tract/Street

Status

Price

Price/SQ FT

SQ FT*

Bed/Bath

Garage

Lot Size*

CDE

Sold

$1,165,000

$606

1,923

4/3

2

4,235

8.30.23

Pending

$2,749,000

$584

4,706

5/6

3

9,632

(A)

2 Via Belleza

Active

$2,200,000

$659

3,338

5/4

3

9,883

(A)

4 Via Belleza

Pending

$1,799,000

$597

3,015

5/3

3

6,120

(B)

40 Via Cancion

Sold

$1,845,000

$553

3,338

4/3

3

7,902

8.3.23

Pending

$1,225,000

$421

2,912

4/4

2

6,341

(C)

17 Calle Pacifica

Active

$2,599,000

$600

4,333

5/5

3

9,333

(D)

12 Calle Anacapa

Active

$2,395,000

$548

4,372

5/5

3

6,707

(E)

15 Via Timon

Active

$1,645,000

$573

2,872

4/3

2

6,259

(F)

15 Via Jenifer

Sold

$2,175,000

$708

3,074

5/3

2

6,534

8.30.23

ESCALA No Activity FARRALON RIDGE 426 Camino Flora Vis LUCIA No Activity MIRADOR 23 Calle Canela MIRALESE

MONTELLANO No Activity MONTEREY 324 Via Promesa PACIFICA SUMMIT

PACIFICA TALEGA No Activity PORTOFINO No Activity PORTOMARIN

RAVENNA No Activity

(A): Coldwell Banker Realty (B): Conrad Realtors Inc. (C): Hughes Realty Group (D): BEVERLY & Company, Inc. (E): Inhabit Real Estate (F): @Vantage Real Estate

11

SINGLE-FAMILY HOMES Home Values in October Tract/Street

Status

Price

Price/SQ FT

SQ FT*

Bed/Bath

Garage

Lot Size*

CDE

28 Via Cristobal

Pending

$1,500,000

$638

2,351

4/3

2

5,316

(A)

24 Paseo Canos

Pending

$1,269,900

$540

2,351

4/3

2

5,248

(B)

53 Calle Akelia

Sold

$1,848,000

$641

2,885

5/3

2

6,389

7.12.23

11 Via Cristobal

Sold

$1,675,000

$637

2,629

4/3

3

5,933

10.10.23

15 Corte Limonada

Sold

$1,650,000

$524

3,147

4/4

3

7,771

9.11.23

13 Via Destino

Sold

$1,545,000

$591

2,615

4/3

2

5,209

9.8.23

309 Via Los Tilos

Pending

$1,795,000

$508

3,531

5/5

2

7,405

(C)

513 Via El Risco

Sold

$2,005,000

$536

3,738

6/5

2

6,212

9.18.23

Sold

$2,425,000

$726

3,340

5/3

2

6,863

10.3.23

18 Calle Almeja

Sold

$1,698,880

$643

2,641

5/3

3

4,668

10.3.23

22 Calle Camaron

Sold

$1,349,450

$530

2,546

5/3

3

4,462

7.21.23

30 Calle Boveda

Sold

$1,260,000

$630

2,000

4/3

2

3,499

10.3.23

19 Calle Tejado

Sold

$1,236,000

$627

1,972

4/3

2

5,500

9.7.23

11 Calle Tejado

Sold

$1,177,000

$696

1,690

3/3

2

3,665

8.4.23

Sold

$1,650,000

$571

2,888

5/3

3

5,420

9.5.23

Active

$4,850,000

$876

5,539

5/5

3

10,019

(D)

SABELLA

SAN LUCAR

SAN RAFAEL

SANSOL 14 Corte Vidriosa SEASIDE

SOLANA

STELLA MARE No Activity TERRA LINDA 229 Via Malaga VITTORIA No Activity VIZCAYA 8 Corte Vizcaya

(A): CSIRA Properties Inc. (B): Re/Max Coastal Homes (C): eXp Realty of California, Inc. (D): HomeSmart Realty West

The Green Sheet | Inhabit Real Estate

SENIOR 55 & OLDER Home Values in October Tract/Street

Status

Price

Price/SQ FT

SQ FT*

Bed/Bath

Garage

Lot Size*

CDE

53 Camino Lienzo

Active

$1,798,000

$633

2,841

2/2

2

5,389

(A)

7 Corte Sevilla

Sold

$1,659,000

$615

2,699

3/2

2

7,814

8.3.23

14 Corte Ladino

Sold

$1,395,000

$607

2,297

2/2

2

4,738

7.17.23

6 Corte Ladino

Sold

$1,300,000

$727

1,787

3/2

2

4,545

8.17.23

Sold Price

Sold $ PSF

$1,757,153

$616

$1,044,714

$593

SANDBRIDGE

SEAGARDEN No activity WATERLEAF No activity WAVECREST

TALEGA AVERAGES Type

List Price

SQ FT

DOM

List $ PSF

Active (11)

$3,020,000

4,108

61

$707

Pending Sale (9)

$1,882,565

3,368

42

$558

Sold (25)

$1,769,631

2,853

20

$620

$754,967

1,324

49

$571

$1,029,671

1,761

5

$585

SINGLE FAMILY

CONDO/TOWNHOME Active (3) Pending Sale (0) Sold (7)

(A): Distinctive Coast Properties The Green Sheet is based on information from the Association of REALTORS®/Multiple Listing Service as of 10.18.2023 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 Inhabit Real Estate 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 7.1.2023 have been eliminated.

13

OC MARKET UPDATE 01 The active listing inventory in the past couple of weeks

range represents 14% of the active inventory and 11% of

increased by 68 homes, up 3%, and now sits at 2,408. It is the

demand.

second lowest October reading since tracking began in 2004, behind the 2,042 reading in 2021. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last year, there were 3,656 homes on the market, 1,248 more homes, or 52% higher.

The 3-year average before COVID (2017 to 2019) was 6,306, or 162% more, nearly triple.

02 Demand, the number of pending sales over the prior month, decreased by 79 pending sales in the past two weeks, down 6%, and now totals 1,335, the lowest October reading since 2007. Last year, there were 1,427 pending sales, 7% more than today. The 3-year average before COVID (2017 to 2019) was 2,206, or 65% more.

03 With the inventory rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 50 to 54 days in the past couple of weeks, its highest level since the start of February. It was 77 days last year, slower than today.

04 For homes priced below $750,000, the Expected Market Time increased from 33 to 36 days. This range represents 17% of the active inventory and 25% of demand.

09 For homes priced between $2 million and $4 million, the Expected Market Time in the past two weeks increased from 92 to 95 days. For homes priced between $4 million and $6 million, the Expected Market Time remained unchanged at 171 days. For homes priced above $6 million, the Expected Market Time increased from 260 to 326 days.

10 The luxury end, all homes above $2 million, account for 34% of the inventory and 14% of demand.

11 Distressed homes, both short sales and foreclosures combined, comprised only 0.2% of all listings and 0.1% of demand. Only four foreclosures and one short sale are available today in Orange County, with five total distressed homes on the active market, own one from two weeks ago. Last year, three distressed homes were on the market, similar to today.

12 There were 1,647 closed residential resales in September, 18% less than September 2022’s 2,011 closed sales. September marked a 17% drop compared to August 2023. The sales-to-list price ratio was 99.4% for all of Orange County. Foreclosures accounted for

05 For homes priced between $750,000 and $1 million, the

0.4% of all closed sales, and short sales accounted for

Expected Market Time increased from 31 to 35 days. This range

0.1%. That means that 99.5% of all sales were good ol’

represents 16% of the active inventory and 25% of demand.

fashioned sellers with equity.

06 For homes priced between $1 million and $1.25 million, the Expected Market Time increased from 36 to 41 days. This range represents 10% of the active inventory and 14% of demand.

07 For homes priced between $1.25 million and $1.5 million, the Expected Market Time increased from 47 to 54 days.

This range represents 10% of the active inventory and 10% of demand.

08 For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 59 to 57 days. This

The Green Sheet | Inhabit Real Estate

For more information on current OC housing market, visit our market reports at

echelberger.com 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 949.498.7711

DOUG ECHELBERGER HAS A PROVEN TRACK RECORD IN TALEGA REAL ESTATE. “Impeccable service! Doug and his team took great care of me during the sale of my house. I could not be happier with how flawless he made the entire experience as he makes you feel like you’re his only VIP client. Doug was always professional, very punctual, proactive and polite. I highly reccomend the Echelberger Group for any real estate needs and plan to use them for the purchase of another house in the future.” - Cameron B.

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Nov/Dec Issue | 2023

Inhabit Real Estate

PRESORTED STANDARD US POSTAGE

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

PAID

PERMIT #1007 SANTA ANA, CA

Office 949.498.7711 inhabitrealestate.com

Inhabit Real Estate

Your Home is Here

FROM THE BLOG

Rates Rise, Values Slip

Calendar of Events

Oceanview Courses

The Orange County housing

Events happening in and around

It doesn’t take a brain surgeon

market is strikingly different now

San Clemente for the month of

to understand that anything in

as rates surge higher towards

November inlcuding Taste of San

California with Pacific Ocean views

8% and affordability diminishes

Clemente, OC Wine Fest, The Great

will cost more. However, here are

even more, smaller changes in

Junk Hunt, Farmakis Farms, and

the five most affordable California

market times shift the market in the

more events for families during the

golf courses featuring Pacific

buyer’s favor.

holidays.

Ocean views.

Read More on the Blog

Read More on the Blog

Read More on the Blog