O C T O B E R 2 0 2 0
t he
GREEN sheet
TA L EGA’S RED-HOT RE A L ESTAT E MA R KE T
TALEGA'S REAL ESTATE MARKET IS STILL HOT As Autumn Arrives in San Clemente Just like the weather in Southern California, our real estate market typically cools down as we head into autumn. As you can see in the charts below, demand has slightly declined, but overall it is still very high for this time of year. Why? The reasons are simple and they’re good news for sellers: Our market is still being fueled by the combination of low interest rates and a large number of buyers relocating to Orange County.
Reviewing the charts, you will also see that the supply of homes for sale is declining, which is keeping a large spread between supply and demand and fueling the hot real estate market. At the time of this publication, Talega had for sale: Three condos, three homes under $1 million, six homes between $1 and $1.5 million, and two homes over $1.5 million. That is 14 active listings in all of Talega, which is why we see prices escalating to record levels.
For years Talega has had very slow growth year over year, but 2020 is shaping up to be one of the best growth years in more than a decade. The complete shift in where people want to live and work has had a tremendous impact on Talega's growth and popularity. I expect this trend to continue through 2021 based on the numbers and demand that we are seeing in the marketplace.
Echelberger Group provides the expertise and resources necessary to make it easier for their 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 stressfree. For more information, visit www.echelberger.com or call 949.498.7711.
F E AT U R E D R E S I D E N C E
23 Via Divertirse
5 bed | 5.5 bath | 4,631 sq ft | 9,245 sq ft lot
With virtually everything one desires at their fingertips, this luxuriously upgraded custom-caliber residence is destined to make life even better at Mirador in San Clemente’s premier community of Talega. An upscale New England vibe is enjoyed throughout the generously proportioned home, which offers five ensuite bedrooms and five-and-one-half baths in approx. 4,631 square feet. On the first level, a double-height entry hall displays a towering semi-circular staircase, a formal living room is crowned by a tray ceiling, and the elegant dining room boasts a built-in buffet. One ensuite bedroom, gym and office are also located downstairs. Entertain stylishly in a family room that flows directly to an upgraded chef’s kitchen and hosts a fireplace, built-ins, and fold-away glass doors leading to a backyard with pool, spa, motorized patio cover and a built-in BBQ bar. Wood flooring accentuates this level, and designer wall treatments, plantation shutters, custom millwork and high-end carpet grace select areas. Upstairs, an airy loft opens to a spacious front balcony overlooking grounds of nearly 9,245 square feet, and a library area easily accommodates at-home work or studies. The sophisticated master suite exhibits a walk-in closet with built-ins, separate vanities, a jetted soaking tub and a walk-in multi-head shower. For added convenience and efficiency, the home features a new HVAC system, a three-car garage with Tesla charger and workspace, solar power, a whole-house fan and whole-house water filtration. www.23ViaDivertirse.com
2 | w w w.E c hel berger.c o m
High-End Luxury Living
TA L E G A H O M E S A R E S E L L I N G FA S T If Yo u Are Th i n k i n g Ab out M aking A M ove, N ow Is T he T ime
1
2
33 CA L L E CA REYES SOL D IN 5 DA YS
3 | w w w.E c hel berger. co m
3
5 7 C ALLE CAREY ES SOLD IN 9 D AY S
21 VIA TIMON SOL D IN 4 DA YS
3 1 VIA C RIS TOBAL SOLD IN 6 D AY S
1 7 CORTE L IMONA DA SOL D IN 5 DA YS
TA L E G A R E S I D E N C E S ADDRESS a c t i v e 1 | 23 Via Divertirse 2 | 23 Calle Portofino 3 | 106 Paseo Vista
TRACT
PRICE
BED
BATH
SQFT
Mirador Portofino Santalana
$1,929,000 $1,100,000 $679,000
5 4 3
5.5 2.5 2.5
4,631 2,832 1,776
pending
27 Via Conocido 303 Via Los Tilos 21 Avenida Brio 54 Paseo Rosa
Lucia San Rafael Trinidad Alassio
$3,350,000 $1,299,500 $549,000 $524,900
5 5 2 2
6.5 4.5 2 2
6,046 3,536 1,367 1,356
2 0 2 0 YTD
36 Via Alcamo 33 Calle Careyes 57 Calle Careyes 19 Via Divertirse 37 Via Alcamo 14 Via Divertirse 13 Corte Cabrito 18 Calle Gaulteria 15 Calle Loyola 21 Via Jacobea 15 Via Lampara 21 Via Timon 22 Calle La Espalda 10 Calle Castillo 218 Via Sedona 31 Via Cristobal 23 Via Jacobea 15 Calle Saltamontes 17 Corte Limonada 4 Camino Lienzo 42 Via Regalo 16 Via Adrian 504 Corto Del Oro 5 Calle Boveda 25 Corte Pinturas 28 Calle Akelia 2 Camino Sendero 21 Paseo Vista 17 Paseo Vista 98 Paseo Vista 30 Paseo Del Rey 9 Camino Celeste 40 Paseo Del Rey 13 Paseo Luna
Alta Careyes Careyes Mirador Alta Mirador Carillon Mirador Alora Catania Alora Stella Mare Cazadero Pacifica Summit Monterey Sabella Catania Sansol San Lucar Sandbridge Portomarin Caprizi Farralon Ridge Solana Seagarden Sabella Carmel Santalana Santalana Santalana Alassio Trinidad Alassio Alassio
$2,225,000 $2,155,000 $1,915,500 $1,875,000 $1,745,000 $1,620,000 $1,588,000 $1,500,000 $1,330,000 $1,310,000 $1,265,000 $1,250,000 $1,238,750 $1,230,000 $1,200,000 $1,202,000 $1,170,000 $1,140,000 $1,070,000 $1,050,000 $1,000,000 $977,000 $889,000 $825,000 $825,000 $820,000 $795,000 $749,000 $679,000 $615,000 $569,000 $539,000 $524,995 $490,000
5 4 4 5 5 6 4 5 5 4 5 5 5 5 4 4 5 5 4 2 4 4 4 4 2 3 3 3 3 3 3 2 2 2
6 4.5 4.5 5.5 5.5 6.5 4.5 5.5 5.5 4 5.5 4.5 4.5 4.5 3.5 2.5 4 3.5 3 2 3 3 3 2.5 2 2.5 2 2.5 2.5 2 2.5 2 2.5 2.5
4,752 ** 4,656 * 4,689 * 4,706 * 5,136 * 4,951 ** 3,975 * 4,631 * 4,094 *** 3,497 * 4,499 *** 3,694 * 4,082 *** 3,886 * 3,519 * 2,627 * 3,547 * 3,238 * 2,615 * 2,699 ** 2,872 *** 2,583 * 1,924 * 1,972 * 1,526 ** 2,088 * 2,066 *** 1,952 * 1,776 *** 1,292 * 1,484 * 1,367 * 1,232 *** 1,232 *
closings
call us today , for a
COMPLIMENTARY
home evaluation
from talega ' s most experienced real estate agent
DOUG ECHELBERGER 949.498.7711 | doug@echelberger .com * Represented Seller
** Represented Buyer
***Represented Seller and Buyer
4 | w w w.E chel berger. co m
Re p rese n te d by Do u g Ech elberger
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 S EP T E M B ER
TOWNHOMES TRACT/STREET
STATUS
PRICE
PRICE/SQ FT
SQ FT*
BED/BATH
GARAGE
LOT SIZE*
COE
Email Info@Echelberger.com
Active
$542,000
$364
1,487
2/2
2
--
Email Info@Echelberger.com
Pending
$669,900
$402
1,668
3/3
2
--
Email Info@Echelberger.com
Pending
$589,985
$402
1,468
3/3
2
--
Email Info@Echelberger.com
Pending
$560,000
$381
1,468
3/3
2
--
54 Paseo Rosa
Pending
$524,900
$387
1,356
2/2
2
--
30 Paseo Del Rey
SOLD
$569,000
$383
1,484
3/3
2
--
9/9/20
40 Paseo Del Rey
SOLD
$520,000
$422
1,232
2/3
2
--
7/27/20
11 Paseo Luna
SOLD
$520,000
$383
1,356
2/2
2
1,000
8/4/20
13 Paseo Luna
SOLD
$490,000
$398
1,232
2/3
1
--
8/28/20
40 Avenida Cristal
SOLD
$850,000
$411
2,066
3/2
2
3,200
7/10/20
24 Avenida Cristal
SOLD
$840,000
$332
2,527
2/3
2
2,380
8/6/20
6 Avenida Cristal
SOLD
$810,000
$318
2,550
3/3
2
--
7/15/20
2 Camino Sendero
SOLD
$795,000
$385
2,066
3/2
2
--
9/11/20
34 Avenida Cristal
SOLD
$775,000
$307
2,527
2/3
2
--
8/18/20
Email Info@Echelberger.com
Active
$649,900
$372
1,748
3/3
2
--
Email Info@Echelberger.com
Pending
$750,000
$384
1,952
3/3
2
100
19 Paseo Vista
Pending
$729,900
$411
1,776
3/3
2
--
Email Info@Echelberger.com
Pending
$639,900
$366
1,748
3/3
2
1000
21 Paseo Vista
SOLD
$749,000
$384
1,952
3/3
2
--
8/14/20
98 Paseo Vista
SOLD
$620,000
$480
1,292
3/2
2
--
8/14/20
Email Info@Echelberger.com
Pending
$659,500
$348
1,896
4/3
2
--
Email Info@Echelberger.com
Pending
$621,000
$387
1,606
3/3
2
--
21 Avenida Brio
Pending
$549,000
$402
1,367
2/2
2
--
3 Calle Calurosa
SOLD
$525,000
$378
1,388
2/2
2
--
Email Info@Echelberger.com
Active
$520,000
$385
1,351
2/2
2
--
Email Info@Echelberger.com
Pending
$670,000
$364
1,840
3/3
2
--
56 Via Almeria
SOLD
$650,000
$353
1,840
3/3
2
--
7/17/20
43 Via Villena
SOLD
$495,000
$366
1,351
2/2
2
--
8/28/20
Alassio
Carmel
Santalana
Trinidad
7/9/20
5 | w ww.E che l b erg er.c o m
Verano
"Doug is a consummate professional with a deep knowledge of the San Clemente real estate market. We thoroughly enjoyed working with him and valued the guidance and strategic thinking he brought to the table." - T. Suttles
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 S EP T E 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
Pending SOLD SOLD
$1,948,000 $1,880,000 $1,745,000
$379 $355 $340
5,136 5,303 5,136
5/6 5/6 5/6
3 3 3
8,515 8,843 10,083
7/7/20 9/4/20
Pending SOLD SOLD SOLD SOLD
$899,900 $1,070,000 $910,000 $885,000 $880,000
$403 $409 $355 $345 $343
2,234 2,615 2,567 2,567 2,567
4/3 4/3 3/3 3/3 3/3
2 2 2 2 2
3,473 6,769 3,737 4,101 3,488
9/9/20 9/11/20 8/10/20 7/27/20
SOLD SOLD
$1,315,000 $1,171,903
$350 $312
3,757 3,757
4/3 4/3
2 3
6,482 6,330
7/6/20 7/31/20
Pending SOLD
$1,099,000 $1,050,000
$453 $407
2,427 2,583
3/3 4/3
2 2
5,054 7,001
8/24/20
SOLD SOLD
$2,155,000 $1,915,500
$463 $409
4,656 4,689
4/5 4/5
3 3
14,201 9,975
Pending SOLD
$1,439,000 $1,525,000
$380 $387
3,786 3,942
4/5 5/6
2 3
7,098 10,584
7/24/20
Pending SOLD SOLD SOLD SOLD SOLD
$1,495,000 $1,315,000 $1,310,000 $1,299,000 $1,170,000 $1,085,000
$390 $376 $375 $361 $330 $369
3,833 3,497 3,497 3,602 3,547 2,941
5/5 5/4 4/4 5/5 5/4 4/4
2 3 3 3 2 2
5,489 5,555 5,790 8,494 5,575 6,229
9/14/20 9/15/20 9/4/20 8/27/20 7/27/20
Pending Pending SOLD SOLD
$1,495,000 $1,449,000 $1,350,000 $1,200,000
$388 $355 $331 $314
3,849 4,082 4,082 3,823
5/5 5/5 5/5 5/5
3 3 2 3
8,013 6,264 7,189 5,972
9/1/20 7/9/20
Pending Pending SOLD SOLD SOLD
$975,000 $969,000 $955,000 $919,000 $830,000
$387 $388 $375 $371 $346
2,520 2,500 2,550 2,478 2,400
4/3 4/3 4/3 4/3 4/3
2 2 2 2 2
5,933 5,700 9,402 4,245 6,188
8/21/20 7/30/20 7/1/20
Alora No Activity
Alta Email Info@Echelberger.com 49 Via Alcamo 37 Via Alcamo
Amalfi Email Info@Echelberger.com 17 Corte Limonada 1 Via Santander 3 Via Zamora 14 Via Zamora
Bella Vista 15 Calle Altea 20 Calle Altea
Caprizi Email Info@Echelberger.com 23 Via Alonso
Careyes 33 Calle Careyes 57 Calle Careyes
Carillon Email Info@Echelberger.com 46 Calle Mattis
Catania Email Info@Echelberger.com 31 Via Jacobea 21 Via Jacobea 37 Via Garona 23 Via Jacobea 25 Via Garona
Cazadero Email Info@Echelberger.com Email Info@Echelberger.com 11 Via Buen Corazon 27 Calle La Espalda
3 Corte La Cereza Email Info@Echelberger.com 12 Via Apuesto 11 Calle Frutas 2 Via Ceramica
SIGN UP TO RECEIVE THE GREEN SHEET VIA EMAIL EVERY MONTH w w w.Ta l e g a G r e e n S h e e t .c o m | Your Source for Everything Real Estate
6 | w ww.E che l b erg er.c o m
Escala
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 S EP T E 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*
SOLD
$920,000
$421
2,186
4/3
3
6,246
Active
$2,999,999
$566
5,303
5/6
3
14,980
Pending
$3,350,000
$554
6,046
5/7
4
15,698
9,245
COE
Farralon Ridge 602 Corte Calmo
7/13/20
Lucia Email Info@Echelberger.com 27 Via Conocido
Mirador 23 Via Divertirse
Active
$1,929,000
$417
4,631
5/6
3
Pending
$1,525,000
$332
4,599
5/6
3
8,774
19 Via Divertirse
SOLD
$1,875,000
$398
4,706
5/6
4
15,965
7 Calle Gaulteria
SOLD
$1,119,000
$289
3,870
4/4
3
8,789
Email Info@Echelberger.com 14 Via Divertirse
SOLD
$1,620,000
$327
4,951
6/7
3
9/9/20
10,767
7/17/20 7/24/20
Miraleste 37 Via Cancion
SOLD
$1,088,000
$338
3,218
5/4
3
9,505
7/21/20
14 Via Paquete
SOLD
$980,000
$325
3,015
4/3
2
5,040
7/2/20
6 Via Cancion
SOLD
$1,000,000
$332
3,015
5/3
3
5,090
7/29/20
Montellano 60 Calle Vista Del Sol
Pending
$2,395,000
$503
4,766
5/6
3
10,416
Email Info@Echelberger.com
Pending
$1,925,000
$455
4,229
5/5
3
14,320
Monterey Email Info@Echelberger.com
Pending
$1,225,000
$359
3,415
5/3
3
7,600
117 Via Plumosa
SOLD
$1,249,000
$401
3,111
4/4
3
12,373
105 Via Sonoma
SOLD
$995,000
$330
3,011
4/3
3
6,813
112 Via Reseda
SOLD
$1,116,000
$359
3,111
5/5
2
7,056
7/2/20
7/9/20
Pacifica Summit Email Info@Echelberger.com
Active
$1,399,000
$389
3,601
4/4
3
Email Info@Echelberger.com
Pending
$1,355,000
$332
4,085
5/4
3
9,216
SOLD
$1,230,000
$317
3,886
5/5
2
7,886
10 Calle Castillo
9,390 7/15/20
Pacifica Talega Email Info@Echelberger.com 400 Camino Bandera 20 Calle Castillo
Pending
$1,598,800
$414
3,866
6/6
3
7,088
SOLD
$1,955,000
$421
4,643
5/5
2
10,163
9/10/20
SOLD
$1,075,000
$382
2,816
5/4
2
6,020
8/12/20
Pending
$1,275,000
$313
4,068
4/5
3
7,765
SOLD
$1,400,000
$389
3,601
4/4
3
7,706
8/27/20
Portofino No Activity
7 | w w w.E c he l berger. co m
Portomarin 52 Via Regalo
Ravenna Email Info@Echelberger.com
"Doug Echelberger is the go-to realtor for properties in Talega and was our first choice for selling our home. He provided invaluable expertise and guided us through every step of the process. This included recommendations for updating and prepping our home for sale, selecting the right time to place the home on the market, negotiating with potential buyers, and obtaining a full price offer." - Randy
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 S EP T E 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
Pending SOLD SOLD SOLD
$1,124,900 $1,202,000 $950,000 $935,000
$428 $458 $362 $356
2,627 2,627 2,627 2,627
4/3 4/3 4/3 4/3
2 2 2 2
5,454 6,714 4,770 5,017
Pending
$1,124,000
$357
3,147
4/4
3
6,733
Active Pending Pending SOLD
$1,299,900 $1,299,500 $1,269,000 $1,175,000
$377 $368 $348 $357
3,445 3,536 3,650 3,288
5/4 5/5 5/4 4/4
3 3 3 2
6,087 5,739 6,254 7,713
7/27/20
Active Pending SOLD SOLD
$1,169,000 $1,299,000 $1,185,000 $1,140,000
$381 $401 $329 $352
3,069 3,238 3,600 3,238
4/4 5/4 5/3 5/4
3 2 3 2
6,804 6,207 6,332 6,450
8/12/20 7/10/20
Active Active Pending SOLD SOLD SOLD SOLD SOLD
$999,000 $999,000 $999,000 $1,180,000 $1,160,000 $1,040,000 $1,030,000 $989,000
$398 $398 $422 $437 $463 $425 $405 $374
2,507 2,507 2,365 2,700 2,506 2,448 2,546 2,641
4/3 5/3 4/3 5/3 4/3 5/3 5/3 4/3
2 2 2 3 2 2 3 2
7,447 4,989 6,052 7,629 6,691 6,092 5,573 5,146
9/14/20 8/28/20 8/21/20 7/31/20 8/17/20
Pending Pending SOLD
$905,000 $799,000 $845,000
$395 $473 $429
2,294 1,690 1,972
4/3 3/3 3/3
2 2 2
6,993 4,700 3,306
8/10/20
SOLD SOLD SOLD SOLD
$1,275,000 $1,262,500 $1,254,000 $1,250,000
$342 $339 $331 $338
3,729 3,729 3,794 3,694
5/5 5/5 4/4 5/5
3 3 3 2
5,727 7,616 6,614 8,648
8/3/20 7/10/20 7/9/20 9/8/20
Pending SOLD
$1,075,000 $989,900
$325 $366
3,305 2,702
5/3 5/3
2 2
6,056 6,944
7/2/20
Pending
$1,125,000
$350
3,211
4/4
3
5,000
Sabella Email Info@Echelberger.com 31 Via Cristobal 17 Paseo Canos 22 Calle Akelia
8/26/20 8/26/20 7/24/20
San Lucar Email Info@Echelberger.com
San Rafael Email Info@Echelberger.com 303 Via Los Tilos Email Info@Echelberger.com 301 Via El Patio
Sansol Email Info@Echelberger.com Email Info@Echelberger.com 2 Calle Saltamontes 15 Calle Saltamontes
Seaside Email Info@Echelberger.com 5 Calle Camaron Email Info@Echelberger.com 6 Calle Pelicano 7 Calle Guijarro 7 Calle Pelicano 17 Calle Almeja 25 Calle Camaron
Solana Email Info@Echelberger.com Email Info@Echelberger.com 22 Corte Pasillo
Stella Mare 38 Paseo Lerida 38 Via Timon 86 Via Regalo 21 Via Timon
Terra Linda Email Info@Echelberger.com 204 Plaza Los Corales
Email Info@Echelberger.com
Vizcaya No Activity
SIGN UP TO RECEIVE THE GREEN SHEET VIA EMAIL EVERY MONTH w w w.Ta l e g a G r e e n S h e e t .c o m | Your Source for Everything Real Estate
8 | w w w.E c he l berger.c o m
Vittoria
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 S EP T E M B ER
SENIOR 55 & OLDER TRACT/STREET
STATUS
PRICE
PRICE/SQ FT
SQ FT*
BED/BATH
GARAGE
LOT SIZE*
COE
Email Info@Echelberger.com
Active
$1,229,000
$337
3,650
4/3
2
6,624
Email Info@Echelberger.com
Active
$1,099,000
$407
2,699
2/2
2
7,026
Email Info@Echelberger.com
Active
$1,079,000
$449
2,401
2/2
2
5,837
4 Camino Lienzo
SOLD
$1,050,000
$389
2,699
2/2
2
8,026
9/11/20
13 Corte Rivera
SOLD
$1,025,000
$427
2,401
3/2
2
6,598
7/21/20
SOLD
$825,000
$541
1,526
2/2
2
--
8/23/20
SOLD
$989,000
$387
2,554
3/2
2
6,968
7/21/20
Email Info@Echelberger.com
Active
$867,900
$486
1,785
3/2
2
5,360
Email Info@Echelberger.com
Pending
$849,000
$476
1,785
3/2
2
4,639
SOLD
$870,000
$379
2,297
3/3
2
4,545
Sandbridge
Seagarden 25 Corte Pinturas
Waterleaf 7 Camino Alenza
Wavecrest
12 Corte De Vega
8/11/20
Taleg a A verag e s Single Family List Price ACTIVE (11) $1,369,982 PENDING SALE (28) $1,378,118 SOLD (57) $1,207,202
SqFt DOM List $ PSF Sold Price Sold $ PSF 3,236 26 $418 3,439 38 $394 3,265 37 $369 $1,199,190 $367
Condo/Townhouse ACTIVE (3) PENDING SALE (11) SOLD (15)
SqFt DOM List $ PSF Sold Price 1,529 6 $373 1,661 43 $381 1,759 47 $387 $668,867
List Price $570,633 $629,850 $681,046
call us today , for a
COMPLIMENTARY
Sold $ PSF $380
home evaluation
9 | w w w.E c he l berger. co m
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 9.16.2020 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 7.1.2020 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 S EP T E M B ER
ORANGE COUNTY MARKET SUMMARY •
The active listing inventory decreased by 68 homes in the past two-weeks, down 2%, and now totals 4,252, its lowest level for August since tracking began in 2004. COVID-19 is not suppressing the inventory and in August, there were 11% more homes that came on the market compared to last year. Last year, there were 6,997 homes on the market, 2,745 additional homes, or 65% more.
•
Demand, the number of pending sales over the prior month, increased by 17 pending sales in the past twoweeks, up 0.5%, and now totals 3,340, its highest level since August 2012. COVID-19 currently has no effect on demand. Last year, there were 2,528 pending sales, 24% fewer than today.
•
The Expected Market Time for all of Orange County decreased from 39 days to 38, a Hot Seller’s Market (less than 60 days). It was at 83 days last year, much 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 27 days. This range represents 34% of the active inventory and 47% of demand.
•
For homes priced between $750,000 and $1 million, the expected market time is 28 days, a hot Seller’s Market. This range represents 18% of the active inventory and 25% of demand.
•
For homes priced between $1 million to $1.25 million, the expected market time is 39 days, a hot Seller’s Market.
•
For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time decreased from 52 to 49 days. For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 62 to 58 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 107 to 97 days. For luxury homes priced above $4 million, the Expected Market Time increased from 193 to 222 days.
•
The luxury end, all homes above $1.25 million, accounts for 39% of the inventory and only 18% of demand.
•
Distressed homes, both short sales and foreclosures combined, made up only 0.3% of all listings and 0.4% of demand. There are only 5 foreclosures and 8 short sales available to purchase today in all of Orange County, 13 total distressed homes on the active market, down 2 from two-weeks ago. Last year there were 50 total distressed homes on the market, more than today. There were 3,010 closed residential resales in July, 5% more than July 2019’s 2,871 closed sales. June marked a 39% increase compared to June 2020. The sales to list price ratio was 98% for all of Orange County. Foreclosures accounted for just 0.3% of all closed sales, and short sales accounted for 0.2%. That means that 99.5% 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 vis it u s o n lin e or call 949.498.7711 .
for more information on current oc housing market , visit our blog at
SIGN UP TO RECEIVE THE GREEN SHEET VIA EMAIL EVERY MONTH w w w.Ta l e g a G r e e n S h e e t .c o m | Your Source for Everything Real Estate
10 | w w w. Ec he l berger. co m
•
presorted standard us postage
PAID
permit#1007
302 N. El Camino Real, Suite 214 | San Clemente, CA 92672
santa ana, ca
FROM THE BLOG BARBECUE AROUND THE WORLD Though the U.S. certainly knows how to do barbecue, there is nothing inherently American about smoking and grilling meat. All over the world, one can find top-notch barbecue and, in each place, a tasty local variation on the practice.
READ more on the blog
WOMEN IN ARCHITECTURE In March, for only the fourth time in its 43year history, the Pritzker Architecture Prize was awarded to a woman—two women, in fact. Irish architects Yvonne Farrell and Shelley McNamara were named the 2020 Pritzker Prize Laureates.
READ more on the blog
OCTOBER 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.
READ more on the blog
OVER 700+ SUCCESSFULLY CLOSED TRANSACTIONS IN TALEGA #Keeping ItR ealEstate 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