the GREEN Sheet | July 2021 by Echelberger Group

J U L Y

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t he

GREEN sheet

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

NUMBERS ARE UP AND DEMAND IS STRONG AT TALEGA The wait has been long, but Talega is finally catching up with the overall market. During the last 10 years, we have seen a slow, steady growth in home pricing while other areas of town have experienced a quicker recovery and increase in prices. Talega's year-over-year growth since 2009 was anywhere from 0% to 4%. I have talked about the slow-growth recovery for years and tried to explain the many reasons behind it.

San Clemente was once known as the quiet little town at the south end of Orange County. Covid hit and changed how we live and work, putting San Clemente, and especially Talega, on the radar. In July 2020, the average price per square foot for a single-family residence (SFR) in Talega was $351. Fast-forward to May of 2021, and the average price per square foot of a SFR in Talega was $474. If you take a typical 3,200 square-foot home in Talega and factor in the $123 per-square-foot increase, that represents an average increase of just under $400,000.

Active inventory in Talega has remained under 10 total properties at any given time this year. Demand is still very strong and will continue to drive the market. I have placed a chart below to show you the monthly average growth of single-family residences since July of last year. Every two weeks, I send out a market update and every week we have our newsletter, The Local Perspective. If you would like to receive these via direct email, please send your email address to info@echelberger.com. You can also find us on Instagram @echelbergergroup, Facebook /EchelbergerGroup, Twitter @echelbergergrp, and other social media outlets.

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.

FEATURED RESIDENCE

13 Calle Tamara

5 bed | 5.5 bath | 5,380 sq ft | 10,199 sq ft lot

Life at the top is always better, and 13 Calle Tamara at Alta in San Clemente’s preferred community of Talega is among the enclave’s newest and finest. Five bedrooms, including ensuites, and five-and-one-half baths ensure comfort for everyone in the home, which extends approximately 5,380 square feet over two levels and includes a main-floor bedroom, an office with built-ins, a rotunda foyer with floating circular staircase, a secondary office, and an upper-level bonus room with entertainment center and walk-in bar. Opening to the backyard through slide-away glass-panel doors, a great room with custom built-in entertainment center and fireplace flows directly to a kitchen with breakfast room, butler’s pantry, island with seating, granite countertops with full backsplash, a massive walk-in pantry, and upgraded stainless steel appliances including a built-in refrigerator. Wood flooring and designer carpet accompany handsome tile throughout the residence, which exhibits plantation shutters, mocha cabinetry, generous built-ins and high ceilings. A covered view deck complements a primary suite that hosts two walk-in closets, separate showers, a soaking tub and dual vanities. Unparalleled storage is available in an oversized laundry room with built-in cabinetry and a utility sink. Not to be outdone, grounds measure approximately 10,199 square feet, easily accommodating a gated entry courtyard, a step-down entertainment patio with built-in BBQ, a loggia with fireplace, and a pool and spa with swim-up bar. Crowning one of the highest points in Talega, Alta places residents within easy reach of the community’s championship golf course, swim club, top-rated schools, parks, trails, and pristine San Clemente beaches.

www.1 3CA LLETA M A R A .c o m

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Luxury at The Top of Talega

TALEGA RESIDENCES Dou g E ch e l b er ger h a s a PR O VEN track reco rd in T alega Real E sta te J U ST LI STED A N D IN ESC R OW

JUST LIST E D AND IN E SCROW

2 I N ESC ROW IN 4 DAYS

16 VIA CONOCID O SOLD IN 1 DAY

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3 4 4 CALLE V ISTA DEL SOL S O LD IN 4 DAYS

18 CALLE PACIFICA SOLD IN 1 DAY

4 8 PASEO DEL R EY S O LD IN 3 DAYS

4 7 CALLE M AT T IS SOLD IN 1 DAY

TALEGA RESIDENCES Rep r es e n t ed by D o ug Echelberger ADDRESS

in e scrow 2 0 2 1 YTD

c losi n gs

1 | 13 Calle Tamara 2 | 45 Via Conocido 3 | 306 Calle Campanero

TRACT

Alta Lucia Alassio

20 Via Conocido Careyes 36 Via Alcamo Alta 1 Calle Careyes Careyes 41 Calle Vista Del Sol Montellano 44 Calle Vista Del Sol Montellano 16 Via Conocido Lucia 67 Calle Careyes Careyes 31 Via Alcamo Alta 18 Calle Pacifica Pacifica Summit 47 Calle Mattis Carillon 45 Via Cartama Catania 308 Camino Bravado Pacifica Talega 53 Via Cartama Catania 19 Via Abrazar Miraleste 6 Calle Portofino Portofino 214 Via Marfino San Rafael 33 Via Cristobal Sabella 414 Camino Flora Vista Farralon Ridge 36 Avenida Cristal Carmel 11 Calle Merecida Carmel 26 Corte Pinturas Seagarden 66 Paseo Del Rey Alassio 48 Paseo Del Rey Alassio * Represented Seller

PRICE

BED

BATH

SQFT

$3,095,000 $2,800,000 $733,000

5 5 3

5.5 5.5 2.5

5,380 6,246 1,668

$2,800,000 $2,540,000 $2,350,000 $2,299,000 $2,235,000 $2,200,000 $2,180,000 $2,160,000 $1,945,000 $1,925,000 $1,675,000 $1,575,000 $1,515,000 $1,485,000 $1,480,000 $1,450,000 $1,225,000 $950,000 $820,000 $799,000 $750,000 $615,000 $610,000

5 5 5 5 5 6 5 5 4 5 4 6 5 5 5 4 4 4 3 3 2 3 3

5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 4.5 5.5 3.5 5.5 4 3.5 4 3.5 2.5 2.5 2 3 2.5 2.5 2.5

6,055 ** 4,752 *** 5,290 * 4,774 * 4,686 * 6,070 * 4,689 * 5,068 * 4,220 * 3,942 * 3,497 * 3,866 * 3,497 * 3,338 ** 3,042 * 3,140 *** 2,300 * 2,414 * 2,050 ** 2,358 *** 2,053 *** 1,468 ** 1,468 *

** Represented Buyer

*** Represented Seller and Buyer

A Review From One Of Your Talega Neighbors “Doug Echelberger, and his team, are wonderful! When we recently decided to sell our home, there was no question who we would choose to do it for us! No question! The incredible professionalism, knowledge and guidance from Doug and his team was invaluable! They made, what is usually a very stressful event and process, effortless. I was surprisingly shocked at the amount of clear and concise communication from everyone! There was never a question or doubt as to what was happening next, where we were in the process, etc. Doug – thank you for helping us! There are no words to express my sincere apprecation and gratitude!” - Lenore G.

DOUG ECHELBERGER 949.498.7711 | doug@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 vi si t us onl i ne or c al l 949.498.7711 .

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

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

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 A PR I L

TOWNHOMES TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

Pending

$733,000

$439

1,668

3/3

128 Paseo Vista

SOLD

$740,000

$417

1,776

3/3

4/29/21

1 Paseo Luna

SOLD

$720,000

$432

1,668

3/3

5/6/21

5 Paseo Luna

SOLD

$685,000

$462

1,484

3/4

5/21/21

57 Paseo Verde

SOLD

$645,000

$387

1,668

3/3

4/2/21

22 Paseo Del Rey

SOLD

$585,000

$393

1,487

2/2

5/14/21

Visit www.TalegaGreenSheet.com

Active

$799,990

$425

1,881

3/3

Visit www.TalegaGreenSheet.com

Pending

$840,000

$473

1,776

3/3

SOLD

$760,000

$426

1,786

3/3

Visit www.TalegaGreenSheet.com

Active

$629,500

$454

1,388

2/2

2 Calle Centello

SOLD

$665,000

$414

1,606

3/3

5/27/21

35 Camino Celeste

SOLD

$625,000

$450

1,388

2/2

4/30/21

Visit www.TalegaGreenSheet.com

Active

$589,000

$436

1,351

2/2

Visit www.TalegaGreenSheet.com

Pending

$605,000

$448

1,350

2/2

85 Via Cartaya

SOLD

$737,500

$392

1,881

3/3

4/15/21

22 Via Carmona

SOLD

$695,000

$369

1,881

3/3

5/5/21

23 Corte Javier

SOLD

$576,212

$427

1,351

2/2

5/14/21

Alassio 306 Calle Campanero

Carmel No Activity

Santalana

72 Paseo Verde

5/4/21

Trinidad

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Verano

"My husband and I have used Doug twice in the past year and each time the buying and selling experience has been seamless. Doug and his team are the best in the real estate business in south Orange County. His knowledge of the market and his honestly make all of the difference. I would highly recommend him and his team to anyone!" - Nancy 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 A PR I L

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

$1,798,000

$409

4,400

5/6

7,271

13 Calle Tamara

Active

$3,095,000

$575

5,380

5/6

10,199

21 Calle Tamara

SOLD

$3,000,000

$558

5,380

5/6

12,047

5/27/21

24 Via Carina

SOLD

$2,995,000

$569

5,263

5/6

10,610

5/24/21

13 Via Santander

SOLD

$1,050,000

$426

2,463

3/3

4,774

5/7/21

2 Via Marin

SOLD

$1,005,000

$392

2,567

4/3

4,996

4/19/21

Pending

$1,300,000

$507

2,566

4/3

6,006

SOLD

$1,275,000

$497

2,566

4/3

4,602

5/13/21

1 Calle Careyes

SOLD

$2,350,000

$444

5,290

5/6

12,153

4/26/21

63 Calle Careyes

SOLD

$2,150,000

$425

5,061

5/6

9,452

4/6/21

61 Calle Careyes

SOLD

$1,940,000

$433

4,480

4/5

9,278

4/19/21

SOLD

$1,620,000

$428

3,786

4/5

9,533

5/11/21

Alora Visit www.TalegaGreenSheet.com

Alta

Amalfi

Bella Vista No Activity

Cantabria No Activity

Caprizi Visit www.TalegaGreenSheet.com 32 Via Adrian

Careyes

Carillon 11 Via Lucena

Catania Visit www.TalegaGreenSheet.com

Pending

$1,549,900

$498

3,112

4/4

6,050

50 Via Cartama

SOLD

$1,672,500

$464

3,602

5/5

5,632

4/14/21

11 Via Inca

SOLD

$1,539,000

$416

3,699

6/4

7,357

4/19/21

53 Via Cartama

SOLD

$1,515,000

$433

3,497

5/4

6,169

5/17/21

SOLD

$1,310,000

$559

2,342

3/3

5,681

6/14/21

Cazadero

Escala 6 Corte La Cereza

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No Activity

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 A PR I L

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

Visit www.TalegaGreenSheet.com

Active

$1,268,000

$525

2,414

4/3

6,530

705 Corte Buscando

SOLD

$1,279,000

$530

2,414

4/3

7,001

4/5/21

469 Camino Flora Vista

SOLD

$1,275,000

$528

2,414

4/3

7,782

5/28/21

452 Camino Flora Vista

SOLD

$1,161,500

$531

2,186

4/3

4,026

4/5/21

309 Corte Mira Vista

SOLD

$1,135,000

$555

2,046

3/3

7,053

5/4/21

208 Corte Tierra Cielo

SOLD

$1,115,000

$510

2,186

4/3

4,038

5/20/21

Active

$2,800,000

$448

6,246

5/6

12,788

Pending

$1,883,000

$407

4,631

5/6

7,886

Pending

$1,437,500

$477

3,015

5/3

6,887

SOLD

$1,485,000

$445

3,338

5/4

6,584

Visit www.TalegaGreenSheet.com

Active

$2,295,000

$482

4,766

5/6

9,875

4 Calle Vista Del Sol

SOLD

$2,300,000

$479

4,800

5/6

10,756

Pending

$1,485,000

$463

3,206

5/3

5,815

110 Via Plumosa

SOLD

$1,565,000

$503

3,111

4/4

7,187

4/20/21

308 Via Promesa

SOLD

$1,549,000

$507

3,054

4/3

5,846

6/1/21

Pending

$1,788,000

$431

4,147

4/5

9,388

14 Calle Anacapa

SOLD

$1,850,000

$445

4,155

5/5

6,591

6/1/21

26 Calle Anacapa

SOLD

$1,800,000

$468

3,847

5/4

7,878

4/8/21

Pending

$1,395,000

$459

3,042

5/3

7,041

Farralon Ridge

Lucia 45 Via Conocido

Mirador Visit www.TalegaGreenSheet.com

Miraleste 5 Via Cancion 19 Via Abrazar

5/19/21

Montellano 4/14/21

Monterey 106 Via Sabinas

Pacifica Summit Visit www.TalegaGreenSheet.com

Pacifica Talega

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

No Activity

Portofino Visit www.TalegaGreenSheet.com

"Doug quickly jumped into action with his team and generated more activity in the first few days than we had with our prior agent in 6 weeks. We had multiple offers and sold 3 weeks after listing with Doug. We will absolutely hire Doug again and again. He’s our Broker Emeritus for life!" - Kurt L.

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 A PR I L

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

Active SOLD SOLD

$1,400,000 $1,380,000 $1,320,000

$450 $509 $425

3,108 2,710 3,108

5/3 4/3 4/3

2 2 2

5,557 5,823 6,708

5/25/21 4/15/21

SOLD SOLD

$2,695,000 $1,800,000

$586 $420

4,600 4,282

6/6 5/6

3 3

10,000 7,126

5/31/21 5/28/21

Pending SOLD SOLD

$1,150,000 $1,225,000 $1,170,000

$500 $533 $506

2,300 2,300 2,314

3/3 4/3 4/3

2 2 2

5,083 7,031 6,269

4/15/21 5/19/21

SOLD SOLD SOLD

$1,320,000 $1,310,000 $1,100,000

$419 $416 $421

3,147 3,147 2,615

5/4 5/4 4/3

3 3 2

5,159 6,540 6,442

5/13/21 4/2/21 4/15/21

Active SOLD SOLD SOLD SOLD

$1,399,000 $1,574,900 $1,455,000 $1,450,000 $1,400,000

$396 $502 $411 $462 $406

3,536 3,140 3,536 3,140 3,445

5/5 4/4 5/4 4/4 5/4

3 3 3 3 3

6,785 10,358 5,902 13,389 6,200

4/14/21 5/12/21 5/7/21 5/28/21

SOLD SOLD

$1,535,000 $1,399,000

$460 $419

3,340 3,340

4/3 4/3

2 2

8,082 8,562

4/5/21 6/10/21

Pending SOLD SOLD SOLD

$1,160,000 $1,275,000 $1,250,000 $1,215,000

$456 $501 $499 $485

2,546 2,546 2,507 2,507

5/3 5/3 5/3 5/3

3 3 2 2

4,807 4,970 4,979 5,365

5/19/21 6/14/21 5/3/21

Pending

$959,000

$418

2,294

4/3

3,850

Active SOLD SOLD SOLD

$1,600,000 $1,590,000 $1,550,000 $1,480,000

$419 $487 $414 $379

3,823 3,263 3,740 3,901

6/5 4/4 4/4 6/5

2 2 3 2

6,277 7,757 8,095 9,163

6/4/21 5/5/21 4/9/21

SOLD SOLD SOLD

$1,310,000 $1,260,000 $1,200,000

$408 $441 $375

3,211 2,857 3,200

4/4 5/3 4/4

3 3 3

4,772 4,940 4,585

4/15/21 5/25/21 5/21/21

Portomarin Visit www.TalegaGreenSheet.com 12 Via Jenifer 34 Via Regalo

Ravenna

12 Corte Jaime 36 Via Nerisa

Sabella Visit www.TalegaGreenSheet.com 33 Via Cristobal 22 Via Cristobal

San Lucar

9 Via Destino 31 Calle Verdadero 20 Calle Verdadero

San Rafael Visit www.TalegaGreenSheet.com 101 Via Monte Picayo 106 Via Monte Picayo 214 Via Marfino 313 Via Los Tilos

Sansol

51 Corte Vidriosa 44 Corte Vidriosa

Seaside Visit www.TalegaGreenSheet.com 29 Calle Guijarro 7 Calle Tortuga 26 Calle Pelicano

Solana Visit www.TalegaGreenSheet.com

Stella Mare Visit www.TalegaGreenSheet.com 29 Via Timon 23 Via Timon 27 Via Timon

Terra Linda

Vittoria

47 Via Armilla 64 Via Armilla 51 Via Armilla

Vizcaya No Activity

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No Activity

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 A PR I L

SENIOR 55 & OLDER TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

Visit www.TalegaGreenSheet.com

Active

$1,249,000

$440

2,841

3/2

5,905

39 Camino Lienzo

SOLD

$1,175,000

$489

2,401

2/2

6,944

COE

Sandbridge

4/30/21

Seagarden No Activity

Waterleaf No Activity

Wavecrest No Activity

Talega Averages

Single Family ACTIVE (7) PENDING SALE (12) SOLD (50)

List Price $1,830,143 $1,523,125 $1,501,448

SqFt DOM 3,907 16 3,351 26 3,275 8

List $ PSF $465 $460 $458

Sold Price

Condo/Townhouse ACTIVE (3) PENDING SALE (3) SOLD (10)

List Price $672,800 $726,000 $660,250

SqFt DOM 1,540 4 1,598 9 1,610 7

List $ PSF $438 $453 $410

Sold Price

$1,522,248

$669,621

Sold $ PSF $465 Sold $ PSF $416

EXPERIENCE and KNOWLEDGE makes a significant difference when it comes to SELLING and BUYING a home in TALEGA.

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 6.16.2021 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 4.1.2021 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 A PR I L

ORANGE COUNTY MARKET SUMMARY •

The active listing inventory shed 37 homes in the past two-weeks, down 1.6%, and now totals 2,214. In May, there were 17% fewer homes that came on the market compared to 5-year average between 2015 to 2019 (2020 was skewed do to COVID-19), 702 less. Last year, there were 4,950 homes on the market, 2,736 additional homes, or 124% more.

•

Demand, the number of pending sales over the prior month, decreased by 26 pending sales in the past twoweeks, down 1%, and now totals 3,057. Rates remain below 3%, maintaining demand’s current brisk pace. Last year, there were 2,529 pending sales, 17% fewer than today. Keep in mind, housing was improving rapidly in May and June as rates dropped to historically low levels.

•

The Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 22 days in the past couple of weeks, an extremely Hot Seller’s Market (less than 60 days). It was at 74 days last year, 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 16 days. This range represents 28% of the active inventory and 38% of demand.

•

For homes priced between $750,000 and $1 million, the Expected Market Time is 16 days, a Hot Seller’s Market. This range represents 20% of the active inventory and 27% of demand.

•

For homes priced between $1 million to $1.25 million, the Expected Market Time is 16 days, a Hot Seller’s Market.

•

For homes priced between $1.25 million to $1.5 million, the Expected Market Time is 22 days, a Hot Seller’s Market.

•

For homes priced between $1.5 million and $2 million, the Expected Market Time remained unchanged at 28 days. For homes priced between $2 million and $4 million, the Expected Market Time increased from 41 to 44 days. For homes priced above $4 million, the Expected Market Time increased from 126 to 134 days.

•

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

•

Distressed homes, both short sales and foreclosures combined, made up only 0.5% of all listings and 0.3% of demand. There are only 6 foreclosures and 4 short sales available to purchase today in all of Orange County, 10 total distressed homes on the active market, no change from two-weeks ago. Last year there were 24 total distressed homes on the market, more than today. There were 3,237 closed residential resales in May, 134% more than May 2020’s 1,386 closed sales. May marked an 7% decline from April 2021. The sales to list price ratio was 100.7% for all of Orange County. Foreclosures accounted for just 0.1% of all closed sales, and short sales accounted for 0.1%. That means that 99.8% 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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