J A N U A R Y 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
2 0 1 7 WA S A F A N TA S T I C Y E A R FOR ECHELBERGER GROUP, AND WE HAVE YOU TO THANK As all of us at ECHELBERGER GROUP reflect on the
“We are looking forward to the new year ahead and
success we have been fortunate enough to enjoy
are excited about the future,” Echelberger added.
throughout 2017, we want to offer our sincerest gratitude
“While we continue to grow, we will never lose sight
to all of you—our clients, our friends and our families.
of how and why we arrived where we are at today.”
We would not be where we are without you and we all genuinely appreciate the trust, faith and support you so
Navigating the oftentimes complex real estate market
generously share.
can be overwhelming, but Echelberger Group provides
“2017 was a fantastic year for all of us,” commented Doug Echelberger. “Our group continues to expand as
the expertise and resources necessary to make it easier for its clients. More than 24 years of experience has
we welcome more top professionals to the team. We
given Echelberger Group the edge in local knowledge
have had the pleasure of getting to know exceptionally
and
kind people as we worked with them to sell their homes
comprehensive range of services, from industry-leading
or purchase new ones. And, personally, I am so proud
technology—backed by its partnership with Keller
of everyone at Echelberger Group. Each team member
Williams Luxury International—and custom marketing
gives their time, professional attributes and an attitude
strategies to regular updates and prompt communication
of caring to ensure that each and every client receives
that makes transactions efficient and stress-free.
connections.
Echelberger
Group
provides
the utmost in personalized attention.”
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. 498.7 7 11 .
a
F E AT U R E D R E S I D E N C E Dramatic Ocean, City Light and Canyon Views are Certain to Mesmerize
5 bed | 4.5 bath | 3,786 sq ft
High in the hills of San Clemente’s prestigious Talega community, this exquisitely upgraded turnkey residence reveals an outstanding location at the end of a cul-de-sac that welcomes dramatic ocean, city light and canyon views. Panoramic vistas are certain to mesmerize residents as well as guests, who will enjoy the luxury of a casita with bath, walk-in closet and separate AC system. Everyone will appreciate a grand two-story floorplan that embraces approximately 3,786 square feet and displays five bedrooms, four-and-one-half baths, a two-story foyer, elegant maple and wrought-iron staircase, formal living room with fireplace, a formal dining room with butler’s pantry, and a fireplace-warmed great room. Wood beams enrich ceilings over the great room, dining room and kitchen, which is adorned with two separate pantries, granite countertops with custom tile backsplash, an island with seating, a nook that opens to the backyard, and chef-caliber stainless steel appliances including an eight-burner cooktop, buffet warming drawer and built-in refrigerator. High ceilings and subtle arches distinguish the residence, and new designer carpet, upgraded baseboards, neutral paint and custom window treatments enhance its ambiance. A long hall leads to a private master suite with dual French doors to a view balcony, a Juliet balcony overlooking an interior courtyard, a walk-in closet with furniture-caliber built-ins, jetted tub and separate shower with seat. Another Juliet balcony and walk-in closet complement bedroom two. Professional hardscaping and landscaping characterizes a spacious wraparound yard with gated entry patio, waterfall features, large side lawn, loggia with fireplace, an oversized patio with cover, fire pit with built-in seating, and an outdoor kitchen with bar seating, BBQ, wine refrigerator, two-burners and more. The attached three-car garage offers an epoxy-finished floor. Located in the Carillon neighborhood, the home is convenient to parks, recreation, trails, schools, swimming, tennis and beaches. www .17C orte C abrito . com
3 | w w w.E c hel berger.c o m
17 Corte Cabrito
TA L E G A R E S I D E N C E S Represented by Doug Echelberger
1
2
3
4
5
6
4 | w w w.E chel berger. co m
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contact us today, for a COMPLIMENTARY home evaluation 949.498.7711 | doug@echelberger.com
1 | 17 Calle Loyola 2 | 17 Corte Cabrito 3 | 12 Via Paulina 4 | 17 Via Lampara
Alora Carillon Alora Alora
$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
Po cke t
5 | 20 Calle Mattis
Carillon
$1,285,000
6
6.5
4,170
In Escrow
6 | 14 Calle Castillo 7 | 228 Via Sedona 8 | 13 Corte Pinturas
Pacifica Summit Monterey Seagarden
$1,195,000 $1,120,000 $779,000
4 4 2
4.5 3 2
3,952 2,736 1,955
Lucia Alora Alta Cazadero Ravenna Stella Mare Stella Mare Pacifica Sansol Ravenna Stella Mare Stella Mare Carillon San Rafael Stella Mare Vittoria Terra Linda San Lucar Miraleste Sansol Caprizi Portomarin Caprizi Portomarin Solana Carmel Wavecrest Carmel Santalana Santalana Alassio Alassio Verano
$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 $1,000,000 $999,000 $975,000 $975,000 $960,000 $929,000 $921,000 $915,000 $899,000 $775,000 $770,000 $736,000 $719,900 $625,000 $560,900 $545,000 $507,000 $480,000
4 5 5 5 4 5 4 5 4 5 3 5 4 5 4 5 4 4 4 4 4 5 3 4 4 3 2 3 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 4 3 3.5 3 2.5 2.5 3 2.5 3 2.5 3 2 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 3,370 2,888 3,076 2,992 2,973 2,469 2,684 2,376 2,872 2,000 2,600 2,104 2,066 1,776 1,292 1,578 1,468 1,351
So l d 2017
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* 39 Via Armilla*** 308 Plaza Cabana* 13 Calle Verdadero* 49 Via Belleza* 53 Corte Vidriosa* 37 Via Adrian* 14 Via Jenifer*** 20 Via Balcon*** 42 Via Regalo* 19 Camino Azulejo* 32 Avenida Cristal* 21 Corte Ladino* 14 Camino Lozano 98 Paseo Rosa* 94 Paseo Vista*** 306 Calle Campanero** 60 Paseo Rosa*** 13 Corte Loarre*
TA LEGA RE ALTOR ÂŽ you can TRUST wi th your M OST VALUABLE ASSET. OV E R $1 B I LLI O N i n SALE S and 1,000+ TRAN SACTIONS * Represented Seller
** Represented Buyer
***Represented Seller and Buyer
5 | w w w.E chel berger. co m
Acti v e
ADDRESS TRACT PRICE BED BATH SQFT
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 D ECE M B ER
TOWNHOMES TRACT / STREET
STATUS
PRICE
PRICE/SQ FT SQ FT* BED/BATH GARAGE LOT SIZE* COE
Alassio Email Info@Echelberger.com
Active
$534,900
$358
1,494
Email Info@Echelberger.com
Active
$489,000
$376
1,300
21 Paseo Luna
SOLD
$575,000
$345
1,668
307 Calle Campanero
SOLD
$541,500
$325
1,668
16 Paseo Del Rey
SOLD
$515,000
$369
1,395
60 Paseo Rosa
SOLD
$507,000
$345
30 Paseo Luna
SOLD
$505,500
$344
78 Paseo Del Rey
SOLD
$485,000
46 Paseo Rosa
SOLD
$474,900
27 Paseo Luna
SOLD
$440,000
3/3
2
--
2/2
2
--
3/3
2
--
8/16/17
3/3
2
--
11/14/17
3/3
2
--
11/30/17
1,468
3/3
2
--
8/7/17
1,468
3/3
2
--
11/14/17
$334
1,452
2/3
2
--
9/12/17
$365
1,300
2/2
2
--
9/8/17
$357
1,232
2/3
2
--
9/7/17
Carmel 14 Camino Lozano
Pending
$719,900
$348
2,066
3/2
2
--
2 Camino Lozano
SOLD
$820,000
$397
2,066
3/2
2
--
11/15/17
6 Camino Sendero
SOLD
$700,000
$277
2,527
3/3
2
--
8/29/17
Email Info@Echelberger.com
Active
$675,000
$380
1,776
3/3
2
--
Email Info@Echelberger.com
Active
$659,900
$393
1,679
3/3
2
--
Email Info@Echelberger.com
Active
$638,880
$365
1,748
3/3
2
--
Email Info@Echelberger.com
Active
$599,000
$343
1,748
3/3
2
--
190 Paseo Vista
SOLD
$628,000
$372
1,686
3/3
2
--
11/20/17
98 Paseo Rosa
SOLD
$625,000
$352
1,776
3/3
2
--
8/3/17
18 Calle Centello
SOLD
$601,000
$317
1,896
4/3
2
--
9/21/17
30 Calle Viveza
SOLD
$599,000
$369
1,625
3/3
2
--
10/3/17
19 Calle Viveza
SOLD
$585,000
$360
1,625
3/3
2
--
11/3/17
31 Calle Viveza
SOLD
$585,000
$364
1,606
3/3
--
9/5/17
3 Calle Viveza
SOLD
$495,000
$357
1,388
2/2
2
--
8/17/17
26 Calle Viveza
SOLD
$469,000
$338
1,388
2/2
2
--
12/12/17
Santalana
Trinidad
6 | w ww.E che l b erg er.c o m
Verano Email Info@Echelberger.com
Active
$655,000
$348
1,881
3
3/2
--
21 Corte Javier
SOLD
$621,500
$330
1,881
4
3/2
--
10/10/17
13 Corte Loarre
SOLD
$480,000
$355
1,351
2
2/2
--
8/30/17
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
Preservation of the natural environment is and always has been an essential element of the Talega community. In a land once nurtured by Native Americans and traversed by Spanish Padres, more than half of Talega's acreage is open space, forever preserving the community lush surroundings in wilderness condition.
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 D ECE 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 17Calle Loyola Email Info@Echelberger.com 12 Via Paulina Email Info@Echelberger.com 17 Via Lampara
Active Active Active Active Active
$1,799,000 $1,679,000 $1,595,000 $1,575,000 $1,439,000
$400 $382 $363 $385 $357
4,503 4,400 4,400 4,094 4,026
6/7 5/6 5/6 5/6 4/5
3 4 4 3 3
6,558 6,386 8,580 6,389 9,269
14 Via Lampara
SOLD
$1,250,000
$291
4,300
5/5
3
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
Pending SOLD SOLD
$865,000 $914,000 $869,000
$337 $386 $388
2,567 2,369 2,237
3/3 4/3 3/3
2 2 2
3,779 4,832 5,263
8/16/17 10/23/17
SOLD
$831,000
$371
2,237
3/3
2
3,812
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
37 Via Adrian
SOLD
$929,000
$376
2,469
4/3
2
5,385
11/17/17
25 Paseo Carla
SOLD
$915,000
$377
2,427
3/3
2
5,086
10/19/17
Active Pending
$1,625,000 $1,799,000
$321 $384
5,061 4,689
5/6 4/5
3 3
9,235 9,975
SOLD
$2,295,000
$431
5,327
6/6
3
16,553
8/7/17
Active SOLD
$1,595,000 $1,097,000
$421 $292
3,786 3,762
5/5 4/5
3 3
8,837 7,637
8/1/17
Email Info@Echelberger.com
Active
$1,319,900
$366
3,602
5/5
3
6,169
Email Info@Echelberger.com 31 Via Cartama
Active SOLD
$1,285,000 $1,281,000
$362 $334
3,547 3,833
4/4 5/5
2 2
6,844 5,943
8/15/17
25 Via Jacobea
SOLD
$1,100,000
$314
3,501
5/5
2
5,595
11/21/17
SOLD
$1,384,000
$339
4,082
5/5
3
7,662
9/6/17
Pending SOLD
$824,900 $850,000
$354 $333
2,327 2,550
3/3 4/3
2 2
4,461 4,514
9/25/17
Alta
45 Via Alcamo 47 Via Alcamo
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
Careyes Email Info@Echelberger.com Email Info@Echelberger.com 69 Calle Careyes
Carillon 17 Corte Cabrito 17 Via Lucena
Cazadero
27 Via Buen Corazon
Escala Email Info@Echelberger.com 16 Via Ceramica
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
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 D ECE 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 406 Camino Flora
Pending SOLD SOLD
$799,750 $850,000 $775,000
$391 $415 $379
2,046 2,046 2,046
3/3 3/3 3/3
2 2 2
4,611 5,687 5,417
9/1/17 11/14/17
Active SOLD
$2,249,000 $2,300,000
$364 $380
6,181 6,055
6/7 4/5
4 4
16,362 15,999
11/13/17
SOLD SOLD SOLD SOLD SOLD
$1,733,625 $1,500,000 $1,490,000 $1,485,000 $1,240,000
$350 $326 $324 $384 $320
4,951 4,599 4,599 3,870 3,870
6/7 5/6 5/6 4/4 4/4
2 3 2 3 3
11,987 9,809 8,261 9,792 10,873
8/24/17 9/11/17 11/22/17 8/1/17 10/10/17
Active Pending SOLD SOLD
$1,074,000 $945,000 $975,000 $944,000
$347 $294 $326 $318
3,098 3,218 2,992 2,969
4/3 5/4 4/3 5/3
3 3 3 3
6,495 6,584 9,254 9/5/17 7,207 8/31/17
SOLD
$1,460,000
$311
4,700
5/6
3
10,000
10/2/17
Active Pending SOLD SOLD
$1,059,000 $1,120,000 $1,150,000 $1,095,000
$342 $409 $327 $325
3,101 2,736 3,519 3,371
4/4 4/3 5/4 5/4
3 3 3 3
5,106 6,793 7,082 8,262
10/11/17 8/23/17
Active SOLD SOLD SOLD
$1,195,000 $1,425,000 $1,330,000 $1,165,000
$302 $326 $304 $307
3,952 4,372 4,372 3,800
4/5 5/5 5/5 4/4
3 3 3 3
7,689 8,865 8,180 9,390
10/5/17 11/30/17 10/30/17
Active
$1,162,500
$321
3,627
4/4
3
6,840
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
Active SOLD
$1,250,000 $1,150,000
$291 $269
4,300 4,282
5/7 5/6
3 3
7,162 7,456
9/19/17
Lucia Email Info@Echelberger.com 49 Via Conocido
Mirador
14 Calle Aveituna 20 Via Divertirse 48 Via Divertirse 22 Calle Gaulteria 14 Calle Gaulteria
Miraleste Email Info@Echelberger.com 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
Pacifica Summit 14 Calle Castillo 24 Calle Anacapa 26 Calle Castillo 16 Calle Pacifica
Pacifica - Talega Email Info@Echelberger.com
Portomarin
15 Via Regalo 42 Via Regalo
Ravenna 8 | w w w.E c he l berger. co m
Email Info@Echelberger.com 17 Via Nerisa
*Approximate
DID YOU KNOW.... That some of the Oak Trees found at Talega's nature conservancy are more than 500 years old and thrive in the woodlands, where their dense canopies support a wide variety of wildlife and rare plant life.
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 D ECE 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
11/28/17
SOLD
$860,000
$329
2,615
4/3
2
5,461
8/25/17
SOLD
$1,050,000
$297
3,536
5/5
3
6,367
9/25/17
Email Info@Echelberger.com Email Info@Echelberger.com Email Info@Echelberger.com 7 Corte Abeja 53 Corte Vidriosa
Active Active Pending SOLD SOLD
$1,225,000 $795,000 $1,079,000 $1,005,000 $960,000
$329 $246 $293 $313 $323
3,725 3,238 3,677 3,212 2,973
4/3 4/4 4/3 4/3 4/3
2 2 3 2 3
11,047 5,817 6,822 6,368 8,697
12/4/17 12/1/17
Email Info@Echelberger.com 35 Calle Camaron 3 Calle Tortuga
Active SOLD SOLD
$950,000 $955,000 $830,000
$379 $354 $314
2,507 2,700 2,641
3/3 4/3 4/3
2 2 2
8,370 7,919 4,582
10/10/17 9/21/17
Active SOLD SOLD SOLD
$849,900 $825,000 $800,000 $775,000
$370 $360 $473 $393
2,294 2,294 1,690 1,972
4/3 4/3 3/3 4/3
2 2 2 2
4,260 5,995 4,397 5,000
10/5/17 10/25/17 11/6/17
SOLD SOLD SOLD
$1,179,000 $1,175,000 $1,000,000
$307 $307 $328
3,842 3,823 3,048
4/4 5/5 4/3
2 2 2
6,413 5,953 7,967
8/3/17 10/11/17 9/7/17
SOLD
$985,000
$341
2,888
4/3
3
8,706
9/26/17
SOLD SOLD SOLD
$1,000,000 $976,000 $935,000
$297 $304 $327
3,370 3,209 2,857
5/4 5/3 4/3
2 2 3
4,966 6,235 6,619
12/11/17 10/13/17 11/9/17
San Lucar
14 Calle Verdadero
San Rafael
306 Via El Patio
302 Via Los Tilos
SOLD
$960,000
$271
3,536
5/5
3
5,723
8/7/17
Sansol
Seaside
Email Info@Echelberger.com 7 Camino Silla 11 Camino Silla 19 Calle Tejado
Stella Mare
31 Corte Lomas Verdes 13 Via Jubilar 31 Via Timon
Terra Linda
308 Plaza Cabana
Vittoria
39 Via Armilla 42 Via Armilla 31 Via Armilla
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9 | w w w.E c he l berger.c o m
Solana
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 D ECE 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 58 Camino Lienzo 26 Camino Lienzo
Active SOLD SOLD
$1,325,000 $1,250,000 $965,000
$363 $440 $402
3,650 2,841 2,401
3/3 3/2 3/2
2 2 2
6,721 7,045 5,928
Active Pending Pending
$784,500 $780,000 $779,000
$382 $399 $398
2,053 1,955 1,955
2/3 2/2 2/2
2 2 2
2,100 2,000
Pending SOLD
$860,000 $935,000
$397 $366
2,166 2,554
2/2 3/2
2 2
5,132 6,967
9/25/17
SOLD SOLD
$800,000 $760,000
$448 $434
1,785 1,752
3/2 2/2
2 2
5,588 5,924
11/13/17 9/28/17
10/12/17 10/26/17
Seagarden Email Info@Echelberger.com Email Info@Echelberger.com 13 Corte Pinturas
Waterleaf Email Info@Echelberger.com 1 Camino Botero
Wavecrest
13 Corte Miro 2 Corte De Vega
Talega Averages Single Family ACTIVE (25) PENDING SALE (13) SOLD (57)
List Price $1,292,368 $1,036,581 $1,140,888
SqFt DOM List $ PSF Sold Price 3,653 70 $354 2,928 86 $353 3,327 44 $343 $1,112,625
Sold $ PSF
Condo/ Townhouse ACTIVE (8) PENDING SALE (4) SOLD (20)
List Price $629,523 $759,633 $567,424
SqFt DOM List $ PSF Sold Price 1,710 25 $368 1,992 53 $381 1,623 28 $350 $562,620
Sold $ PSF
$334
$347
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 12.14.2017 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 8.1.2017 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 email Info@Echelberger.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 D ECE M B ER
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The active listing inventory decreased by 300 homes in the past couple of weeks and now totals 4,023. Expect the inventory to drop considerably for the last couple of weeks of the year. Last year, there were 4,789 homes on the market, 766 more than today.
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There are 30% fewer homes on the market below $500,000 today compared to last year at this time and demand is down by 25%. 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, plunged by 218 in the past couple of weeks, down 10%, and now totals 1,864. The average pending price is $853,152.
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The average list price for all of Orange County remained at $1.8 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.
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For homes priced below $750,000, the market is HOT with an expected market time of just 39 days. This range represents 38% of the active inventory and 63% of demand.
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For homes priced between $750,000 and $1 million, the expected market time is 58 days, a hot seller’s market (less than 60 days). This range represents 17% of the active inventory and 19% of demand.
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For homes priced between $1 million to $1.25 million, the expected market time is 80 days, a slight seller’s market.
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For luxury homes priced between $1.25 million and $1.5 million, the expected market time decreased from 129 days to 118.
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For homes priced between $1.5 million and $2 million, the expected market time increased from 169 to 207 days.
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For luxury homes priced between $2 million and $4 million, the expected market time decreased from 246 to 227 days.
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For luxury homes priced above $4 million, the expected market time increased from 437 to 521 days.
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The luxury end, all homes above $1.25 million, accounts for 37% of the inventory and only 12% of demand.
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The expected market time for all homes in Orange County increased from 62 days to 65, a tepid seller’s market
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(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 1.5% of all listings and 1.7% of demand. There are only 20 foreclosures and 40 short sales available to purchase today in all of Orange County, that’s 60 total distressed homes on the active market, dropping by 4 in the past two weeks. Last year there were 126 total distressed sales, 110% more than today.
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There were 2,421 closed residential resales in November, down by 2% from November 2016’s 2,468 closed sales. November marked a 5% drop from October 2017, normal for the Autumn Market. The sales to list price ratio was 97.4% for all of Orange County. Foreclosures accounted for just 0.7% of all closed sales and short sales accounted for 0.8%. That means that 98.5% 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 #01934115