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