the GREEN sheet | March 2021

Page 1

M A R C H 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 GREAT MIGRATION Today’s hot real estate market is definitely the talk of the town, and I would like to share my insight about what is happening. Yes, historically low interest rates are a big attraction for buyers and they are definitely adding fuel to the fire. But there’s more to it than that. What I am seeing is a great migration of our workforce in Southern California.

In years past, buyers would look at San Clemente as a great place to live, but they felt that their commute to work would be too long. Additionally, general migration over the past 20 years has been toward large cities, with trends emphasizing living next to where you work. San Clemente would get crossed off the list because it was just simply too far south.

For the last decade or more, we saw properties in areas in and around Seattle, Portland, and San Francisco receiving multiple offers, selling at asking price, and in may cases, selling for hundreds of thousands of dollars over asking price. Now, a year into the pandemic, we are seeing these trends reverse. People can and often have to work from home. The type of real estate market that we are currently experiencing in San Clemente was par for the course for those cities not too long ago.

This year we are witnessing a migration out of those cities to communities like ours, where demand has skyrocketed and inventory is scarce. I don’t see this changing anytime soon. I believe that this market is more than just a quick trend, as people are setting up their lives in new places. It’s not just happening in San Clemente—it is taking place all over the United States, with similar trends in Idaho, Arizona, Texas and Tennessee, where rural areas are rising in popularity.

Today’s hot market reflects much more than just low interest rates. I would love to hear your thoughts about what I am calling the Great Migration of 2020-2021. Please feel free to send me an email or text at doug@echelberger.com or 949-463-0400.

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

47 Calle Mattis

5 bed | 5.5 bath | 3,942 sq ft | 7,455 sq ft lot

Forget the hotel, cancel the flights and get away in your very own resort at this impressive Carillon home at Talega in San Clemente. A luxe vacation vibe takes over the moment you enter the private, gated courtyard, where manicured tropical landscaping emphasizes the feel of a faraway island paradise. Lush foliage continues throughout the grounds, which extend nearly 7,455 square feet and reveal a private courtyard with fire pit and fountain, citrus trees, and a fabulous five-star backyard with pool, spa, waterfall, and a covered cabana with outdoor kitchen, BBQ and custom fireplace. Golf course, neighborhood-light, valley and ocean views dazzle by day and night. Check in to your personal escape through a two-story foyer with dramatic staircase and discover a fireplace-warmed living room, a dining room that opens to the courtyard, and a spacious family room and kitchen area. A beamed ceiling extends the length of this casual space, which is home to a fireplace, surround sound, island, nook, granite countertops, white cabinetry with glass uppers, a pantry, wine refrigerator and top-end appliances. Approximately 3,942 square feet, the two-level floorplan offers five ensuite bedrooms complete with a main-floor suite, five-and-one-half baths, an open loft, study alcove, and an attached three-car garage. Stunning views characterize a grand master suite with spacious deck, walk-in closet, jetted tub, large shower and separate vanities. Juliet balconies, wood flooring, plantation shutters, custom draperies, built-ins and designer paint further refine the home.

www. 4 7Ca lle M atti s .c o m

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Escape to Home in Talega


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

1

2 I N ES C R OW IN 6 DAYS

3

IN E SCROW

4 I N ES C R OW IN 23 DAYS

5

IN E SCROW IN 0 DAYS

6

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I N ES C R OW IN 3 DAYS

7

SOLD IN 2 DAYS

8


TALEGA RESIDENCES R e p r e s e n t e d by D o ug Echelber ger act i ve pending

20 2 0 YTD

c losi n gs

ADDRESS 1 | 47 Calle Mattis 2 | 45 Via Cartama 3| 4| 5| 6| 7| 8|

TRACT

PRICE

BED

BATH

SQFT

Carillon Catania

$1,895,000 $1,675,000

5 4

5.5 3.5

3,942 3,497

Careyes Careyes Careyes Alta Lucia Alassio

$2,800,000 $2,300,000 $2,250,000 $2,250,000 $2,200,000 $610,000

5 5 5 5 6 3

5.5 5.5 5.5 5.5 5.5 2.5

6,055 5,290 4,689 5,068 6,070 1,468

41 Calle Vista Del Sol Montellano 44 Calle Vista Del Sol Montellano 18 Calle Pacifica Pacifica Summit 308 Camino Bravado Pacifica - Talega 6 Calle Portofino Portofino 414 Camino Flora Vista Farralon Ridge 36 Avenida Cristal Carmel 11 Calle Merecida Carmel 26 Corte Pinturas Seagarden

$2,299,000 $2,297,000 $1,945,000 $1,575,000 $1,480,000 $950,000 $820,000 $799,000 $750,000

5 5 4 6 5 4 3 3 2

5.5 5.5 4.5 5.5 4 2.5 2 3 2.5

4,774 * 4,686 * 4,220 * 3,866 * 3,042 * 2,414 * 2,050 ** 2,358 *** 2,053 ***

20 Via Conocido 1 Calle Careyes 67 Calle Careyes 31 Via Alcamo 16 Via Conocido 48 Paseo Del Rey

* Represented Seller

** Represented Buyer

***Represented Seller and Buyer

A Review From One Of Your Talega Neighbors "Doug is long-time expert on San Clemente real estate and it shows. He and his team are very knowledgeable and responsive. Doug knows the local market, the trends and all the details to professionally guide one through a successful transaction. This was all evident and part of our great experience working with him and his team. He more than successfully met my expectation of an agent that can take on all the responsibilities possible during the process and quickly address challenges as they come up. He operates one of the larger real estate teams in the area, but I never felt like just another client - I had his personal attention; seemed he was only working for me. He and his team's support is tremendous; they were always available (even after hours)phones answered, texts responded to and emails promptly replied. They are professional, friendly and great to work with. Highly recommend Doug as a trusted real estate professional." - Robert S.

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 .

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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 FEB R UA R Y

TOWNHOMES TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

Email Info@Echelberger.com

Active

$635,000

$489

1,298

3/2

2

--

Email Info@Echelberger.com

Pending

$679,000

$407

1,668

3/3

2

--

Email Info@Echelberger.com

Pending

$650,000

$390

1,668

3/3

2

--

48 Paseo Del Rey

Pending

$610,000

$416

1,468

3/3

2

--

Email Info@Echelberger.com

Pending

$529,000

$429

1,232

2/3

2

--

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

42 Paseo Rosa

SOLD

$570,000

$388

1,468

2/3

2

--

12/1/20

12 Paseo Luna

SOLD

$510,000

$414

1,232

2/3

2

--

1/15/21

Pending

$865,000

$367

2,358

3/3

2

--

4 Camino Platino

SOLD

$850,000

$336

2,527

3/3

2

--

2/19/21

36 Avenida Cristal

SOLD

$820,000

$400

2,050

3/2

2

4,000

2/12/21

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

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

15 Corte Aljibe

SOLD

$700,000

$380

1,840

3/3

2

--

1/29/21

45 Via Villena

SOLD

$684,000

$364

1,881

3/3

2

--

1/6/21

Alassio

Carmel Email Info@Echelberger.com

Santalana No Activity

Trinidad

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

Verano

"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 FEB R 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 Email Info@Echelberger.com

Active

$2,399,000

$596

4,026

4/5

3

12,401

Pending

$2,320,000

$500

4,640

6/7

3

11,088

Pending

$2,250,000

$444

5,068

5/6

3

13,745

Alta 31 Via Alcamo

10/16/20

Amalfi Email Info@Echelberger.com

Pending

$1,040,000

$405

2,567

3/3

2

6,100

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

13 Calle Celestial

SOLD

$1,390,000

$485

2,867

3/3

3

8,071

1/28/21

16 Calle De La Luna

SOLD

$1,250,000

$436

2,867

3/3

3

7,875

12/21/20

Pending

$1,159,000

$452

2,566

4/3

2

7,485

43 Via Adrian

SOLD

$1,145,000

$446

2,566

4/3

2

6,006

2/4/21

13 Paseo Carla

SOLD

$1,125,000

$436

2,583

4/3

2

6,153

1/25/21

11 Via Alonso

SOLD

$1,010,000

$415

2,431

4/3

2

4,672

1/19/21

Bella Vista No Activity

Cantabria

Caprizi Email Info@Echelberger.com

Careyes Email Info@Echelberger.com

Active

$1,990,000

$444

4,480

4/5

3

9,278

1 Calle Careyes

Pending

$2,300,000

$435

5,290

5/6

3

12,153

67 Calle Careyes

Pending

$2,250,000

$480

4,689

5/6

3

10,454

11 Calle Sonador

SOLD

$1,875,000

$400

4,689

5/5

3

8,189

2/19/21

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

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 FEB R 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

$1,150,000

$476

2,414

4/3

2

7,001

Email Info@Echelberger.com

Pending

$1,150,000

$562

2,046

3/3

2

6,835

Email Info@Echelberger.com

Pending

$1,139,000

$472

2,414

4/3

2

4,165

Email Info@Echelberger.com

Pending

$1,100,000

$503

2,186

4/3

2

4,026

Email Info@Echelberger.com

Pending

$1,050,000

$480

2,186

4/3

3

6,978

Email Info@Echelberger.com

Pending

$999,000

$520

1,923

4/3

2

4,928

302 Corte Mira Vista

SOLD

$1,055,000

$514

2,051

3/3

2

6,582

12/30/20

414 Camino Flora Vista

SOLD

$950,000

$394

2,414

4/3

2

4,003

1/20/21

Farralon Ridge

314 Corte Mira Vista

SOLD

$985,000

$451

2,186

4/3

2

5,648

2/8/21

Lucia Email Info@Echelberger.com

Pending

$2,999,999

$566

5,303

5/6

3

14,980

Email Info@Echelberger.com

Pending

$2,800,000

$462

6,055

5/6

4

16,415

16 Via Conocido

Pending

$2,200,000

$362

6,070

6/6

4

13,229

40 Via Conocido

SOLD

$2,670,000

$445

6,000

5/6

4

15,984

13 Calle Viviana

SOLD

$2,598,000

$506

5,136

5/6

3

11,230

1/28/21 2/11/21

Mirador No Activity

Miraleste Email Info@Echelberger.com 44 Via Cancion

Pending

$1,249,900

$403

3,098

4/3

3

7,898

SOLD

$1,474,000

$442

3,338

5/4

3

7,707

1/15/21

Montellano Email Info@Echelberger.com

Active

$2,088,000

$443

4,715

5/6

3

9,832

41 Calle Vista Del Sol

SOLD

$2,299,000

$482

4,774

5/6

3

14,304

2/22/21

55 Calle Vista Del Sol

SOLD

$2,210,000

$499

4,429

5/6

3

10,764

2/11/21

44 Calle Vista Del Sol 7 Calle Angelitos

39 Calle Vista Del Sol

Monterey

105 Via Plumosa

SOLD SOLD SOLD

SOLD

$2,235,000 $1,970,000 $1,890,000

$1,325,000

$477 $410 $427

$426

4,686 4,800 4,423

3,111

5/6 5/6 5/6

5/5

3 3 3

3

10,910 10,670

2/24/21 2/18/21

13,431

12/23/20

6,573

2/17/21

Pacifica Summit Email Info@Echelberger.com

Pending

$1,697,777

$441

3,847

5/4

3

7,878

18 Calle Pacifica

SOLD

$1,945,000

$461

4,220

4/5

3

9,465

2/17/21

23 Calle Pacifica

SOLD

$1,475,000

$407

3,627

4/5

3

7,843

2/3/21

5 Calle Pacifica

SOLD

$1,798,000

$411

4,372

5/4

3

10,123

1/19/21

Pacifica Talega

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

Email Info@Echelberger.com 308 Camino Bravado

Portofino

6 Calle Portofino

Pending

$2,200,000

$435

5,061

5/6

2

9,452

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

"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 FEB R 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

Portomarin Email Info@Echelberger.com

Pending

$1,300,000

$418

3,108

4/3

2

6,708

SOLD

$1,450,000

$485

2,987

5/3

3

6,948

Pending

$1,399,000

$344

4,068

4/5

3

7,765

SOLD

$941,500

$400

2,351

4/3

2

4,866

12/24/20

SOLD

$1,240,000

$394

3,147

4/3

2

5,806

2/19/21

SOLD

$1,100,000

$358

3,069

3/3

3

7,171

1/7/21

33 Calle Guijarro

SOLD

$1,200,000

$454

2,641

4/3

2

7,310

18 Calle Almeja

SOLD

$1,000,000

$379

2,641

5/3

3

4,668

14 Via Timon

59 Via Regalo

SOLD

$1,025,000

$341

3,009

4/3

2

5,347

12/21/20 12/22/20

Ravenna Email Info@Echelberger.com

Sabella 18 Calle Akelia

San Lucar 28 Calle Verdadero 5 Via Abajar

SOLD

$1,080,000

$441

2,448

4/3

2

4,532

2/4/21

San Rafael No Activity

Sansol 3 Corte Abeja

Seaside 39 Calle Guijarro

SOLD

$1,030,000

$411

2,507

5/3

2

2/11/21

4,742

12/18/20

5,995

2/5/21

1/7/21

Solana 7 Camino Silla

SOLD

$965,000

$421

2,294

5/3

2

Stella Mare Email Info@Echelberger.com

Active

$1,588,000

$407

3,901

6/5

2

9,163

85 Via Regalo

SOLD

$1,400,000

$375

3,729

5/5

3

6,181

Email Info@Echelberger.com

Pending

$1,150,000

$426

2,702

5/3

3

6,963

Email Info@Echelberger.com

Pending

$1,150,000

$426

2,702

5/3

2

6,977

Pending

$950,000

$333

2,857

5/3

3

4,902

60 Via Armilla

SOLD

$1,280,000

$399

3,211

4/4

2

6,351

1/29/21

55 Via Armilla

SOLD

$1,125,000

$394

2,857

3/3

3

4,554

12/29/20

36 Paseo Lerida

SOLD

$1,300,000

$363

3,577

4/4

3

5,514

12/29/20 2/2/21

Terra Linda

Vittoria

35 Via Armilla

SOLD

$1,200,000

$374

3,209

4/3

2

5,639

2/22/21

Vizcaya No Activity

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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 FEB R UA R Y

SENIOR 55 & OLDER TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

SOLD

$1,112,500

$305

3,650

4/3

2

6,624

12/4/20

SOLD

$750,000

$365

2,053

2/3

2

8,026

1/20/21

SOLD

$935,000

$407

2,297

3/3

2

4,545

12/4/20

Sandbridge 21 Camino Lienzo

Seagarden 26 Corte Pinturas

Waterleaf No Activity

Wavecrest 12 Corte De Vega

Talega Averages

Single Family ACTIVE (5) PENDING SALE (22) SOLD (46)

List Price $1,843,000 $1,639,299 $1,380,691

SqFt DOM 3,907 7 3,762 18 3,281 13

List $ PSF $473 $441 $421

Sold Price

Condo/Townhouse ACTIVE (1) PENDING SALE (5) SOLD (13)

List Price $635,000 $678,417 $669,985

SqFt DOM 1,298 2 1,718 7 1,815 21

List $ PSF $489 $399 $369

Sold Price

$1,383,152

$670,615

Sold $ PSF $422 Sold $ PSF $369

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 2.25.2020 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 12.1.2020 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 FEB R UA R Y

ORANGE COUNTY MARKET SUMMARY •

The active listing inventory decreased by 55 homes in the past two-weeks, down 2%, and now totals 2,438, its lowest level since tracking began in 2004. In January, there were 6% fewer homes that came on the market compared to the prior 5-year average, 169 less. Last year, there were 4,030 homes on the market, 1,592 additional homes, or 65% more.

Demand, the number of pending sales over the prior month, surged by 273 pending sales in the past two-weeks, up 11%, and now totals 2,863, its strongest mid-February reading since 2013. The record low mortgage rate environment is fueling today’s exceptional demand. Last year, there were 2,479 pending sales, 13% fewer than today.

The Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased from 29 days to 26, an extremely Hot Seller’s Market (less than 60 days) and the strongest reading since tracking began in 2004. It was at 49 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 19 days. This range represents 32% of the active inventory and 43% 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 16% of the active inventory and 26% of demand.

For homes priced between $1 million to $1.25 million, the Expected Market Time is 25 days, a Hot Seller’s Market.

For homes priced between $1.25 million to $1.5 million, the Expected Market Time is 20 days, a Hot Seller’s Market.

For luxury homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 48 to 39 days. For homes priced between $2 million and $4 million, the Expected Market Time decreased from 66 to 60 days. For homes priced above $4 million, the Expected Market Time decreased from 166 to 147 days.

The luxury end, all homes above $1.5 million, accounts for 37% of the inventory and only 14% of demand.

Distressed homes, both short sales and foreclosures combined, made up only 0.2% of all listings and 0.2% of demand. There are only 4 foreclosures and 2 short sales available to purchase today in all of Orange County, 6 total distressed homes on the active market, up 2 from two-weeks ago. Last year there were 34 total distressed homes on the market, more than today. There were 2,250 closed residential resales in January, 24% more than January 2020’s 1,817 closed sales. January marked a 27% drop over to December 2020. The sales to list price ratio was 99.0% for all of Orange County. Foreclosures accounted for just 0.04% of all closed sales, and short sales accounted for 0.13%. That means that 99.82% 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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FROM THE BLOG MODERN MATERIALS FOR COUNTERS The countertops in your kitchen can make a big difference in how your kitchen looks overall. If you’re tired of your kitchen looking old and dated, updating your countertops is a great way to completely revitalize its look.

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SQUARING AWAY YOUR WALLS When walls collide with geometric shapes, an uninspired space can suddenly have a strong point of view. Whether iterated as patterned wallpaper, mirrors, or artwork in shapely frames, the effect can be subtle or statement making.

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MARCH 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


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