the GREEN sheet | October 2021 by Echelberger Group

O C T O B E R 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

DAYS ON THE MARKET One of the questions that I am often asked during a listing appointment is, "How long will it take to sell my home?" Let's explore this question by looking at the timing in the Talega Market. If you sold a property in Talega this year, on average it only took 11 days to sell. If you sold last year in 2020, the average was 32 days on the market. In 2019, before the pandemic, it was 47 days, which would be considered a normal or balanced market. The fast pace of today’s market is being driven by low inventory and high demand for homes within the Talega community. Sellers keep pushing up the listing prices of their homes, meeting little resistance from buyers at this point. Buyers from the San Francisco and Los Angeles areas are still moving here at a strong pace. These two feeder markets are more expensive than Talega, making it a great value and a hot commodity. When pricing a home, you are trying to push value while falling just short of overpricing. Today, if a home sits for more than 30 to 45 days on the market, buyers and agents think there is something wrong or that it is overpriced. It is unfortunate, but that is the reality when 11 days on the market is your average for a community. Below is a chart for Days on the Market (DOM) in Orange County. On average, the county is sitting just under 30 days, so Talega is moving almost three times faster. If you receive our bi-monthly report, you will find it fascinating to watch the DOM charts because they always provide an indication in advance when a market is slowing down or speeding up. If you don't receive my reports, please send us your email or go on Echelberger.com and sign up. This report will keep you in the know about Orange County’s dynamic real estate market. Orange County Expected Market Time Year Over Year In Days

160

140

120

100

2018 Expected Market Time

2019 Expected Market Time

2020 Expected Market Time

2021 Expected Market Time

Echelberger Group provides the expertise and resources necessary to make it easier for its clients. More than 20 years of experience in Talega and 52 years living in San Clemente, Doug and his team have 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/text Doug at 949-463-0400.

F E AT U R E D R E S I D E N C E

8 Via Abajar

Completely Turnkey

4 bed | 3.5 bath | 2,969 sq ft | 6,589 sq ft lot

Simply move in, unpack and enjoy life at this completely turnkey San Lucar residence in San Clemente’s highly desirable Talega community. Chat with neighbors on the covered front porch and entertain in a private backyard with patio and lawn.

Approximately 6,589 square feet, grounds are mature, easy to maintain and include a long driveway for guest parking. Indoors, an open floorplan of nearly 2,969 square feet is characterized by wood flooring, custom paint, crown molding, built-ins and elegant lighting fixtures. The formal living rooms flows to the dining room, which is conveniently adjacent to an island kitchen and a family room with fireplace. Offering a nook and French doors to the backyard, this area is perfect for festive gatherings and boasts granite countertops, wood cabinetry, four spacious bedrooms and three-and-one-half baths. A main-floor ensuite easily caters to guests, and the sophisticated primary suite offers two walk-in closets, dual vanities, a soaking tub and separate tiled shower. Enjoy the versatility of a second-floor bonus room, the energy savings of a solar power system, new AC, furnaces, and two solar attic fans, as well as the extra capacity of a three-car garage. Residents of San Lucar enjoy close proximity to Liberty Park's pool, ballfields and tennis courts, Vista del Mar Elementary School, Talega's miles of hiking trails and its popular championship golf course, and downtown San Clemente's dining spots, shops, beaches and pier.

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a full tile backsplash, breakfast bar, walk-in pantry and stainless-steel appliances including a built-in refrigerator. Comfort for all is ensured with

TA L E G A R E S I D E N C E S Dou g Ech e l b erger h a s a PROVEN track reco rd in Talega Real Esta te 2 3 V IA DIV ERTIR SE I N ES C R OW IN 5 DAYS

8 VIA ABA JAR IN E SCROW

2 2 6 PASEO LUN A I N ES C R OW IN 3 DAYS

20 CALLE PACIFICA SOLD IN 5 DAYS

1 3 CA LLE TA MA R A S O LD IN 1 7 DAYS

10 CALLE ALU M BRAD O SOLD IN 1 DAY

1 V IA ZA MOR A S OLD IN 1 DAY

4 7 CALLE M AT T IS SOLD IN 1 DAY

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TA L E G A R E S I D E N C E S Re p rese n te d by Do u g Ech elberger ADDRESS

pending

2 0 2 1 YTD

c losi n gs

1 | 23 Via Divertirse 2 | 8 Via Abajar 3 | 26 Paseo Luna

TRACT

13 Calle Tamara 20 Via Conocido 45 Via Conocido 36 Via Alcamo 1 Calle Careyes 41 Calle Vista Del Sol 44 Calle Vista Del Sol 16 Via Conocido 67 Calle Careyes 31 Via Alcamo 18 Calle Pacifica 47 Calle Mattis 20 Calle Pacifica 45 Via Cartama 308 Camino Bravado 10 Calle Alumbrado 8 Calle Portofino 53 Via Cartama 19 Via Abrazar 6 Calle Portofino 214 Via Marfino 33 Via Cristobal 1 Via Zamora 202 Via Sedona 414 Camino Flora Vista 36 Avenida Cristal 11 Calle Merecida 26 Corte Pinturas 306 Calle Campanero 66 Paseo Del Rey * Represented Seller

PRICE

BED

BATH

SQFT

Mirador San Lucar Alassio

$2,100,000 $1,295,000 $770,000

5 4 3

5.5 3.5 2.5

4,631 2,969 1,668

Alta Lucia Lucia Alta Careyes Montellano Montellano Lucia Careyes Alta Pacifica Summit Carillon Pacifica Summit Catania Pacifica Talega Portofino Portofino Catania Miraleste Portofino San Rafael Sabella Amalfi Monterey Farralon Ridge Carmel Carmel Seagarden Alassio Alassio

$2,850,000 $2,800,000 $2,750,000 $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 $1,900,000 $1,675,000 $1,575,000 $1,550,000 $1,520,000 $1,515,000 $1,485,000 $1,480,000 $1,450,000 $1,225,000 $1,220,000 $1,135,000 $950,000 $820,000 $799,000 $750,000 $733,000 $615,000

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

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

5,380 *** 6,055 ** 6,246 * 4,752 *** 5,290 * 4,774 * 4,686 * 6,070 * 4,689 * 5,068 * 4,220 * 3,942 * 3,632 * 3,497 * 3,866 * 2,770 * 3,030 * 3,497 * 3,338 ** 3,042 * 3,140 *** 2,300 * 2,369 * 3,111 * 2,414 * 2,050 ** 2,358 *** 2,053 *** 1,668 * 1,468 **

** Represented Buyer

*** Represented Seller and Buyer

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 S EP T E M B ER

TOWNHOMES TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

Pending

$770,000

$462

1,668

3/3

-- (A)

57 Paseo Verde

SOLD

$735,000

$441

1,668

3/3

7/30/21

306 Calle Campanero

SOLD

$733,000

$439

1,668

3/3

7/6/21

406 Calle Campanero

SOLD

$670,000

$456

1,468

2/3

9/7/21

54 Paseo Rosa

SOLD

$656,000

$441

1,487

2/2

7/20/21

407 Calle Campanero

SOLD

$650,000

$443

1,468

3/3

7/25/21

404 Calle Campanero

SOLD

$650,000

$443

1,468

3/3

9/7/21

Pending

$820,000

$348

2,358

3/3

-- (B)

8 Paseo Verde

Pending

$880,000

$496

1,776

3/3

-- (G)

162 Paseo Vista

Pending

$799,000

$450

1,776

3/3

-- (C)

38 Paseo Vista

Pending

$795,000

$455

1,748

3/3

-- (D)

18 Paseo Verde

SOLD

$880,000

$496

1,776

3/3

8/3/21

23 Paseo Vista

SOLD

$800,000

$478

1,672

3/3

9/1/21

122 Paseo Vista

SOLD

$775,000

$443

1,748

3/3

8/9/21

2 Camino Celeste

Pending

$775,000

$409

1,896

3/3

-- (E)

33 Avenida Brio

Pending

$635,000

$457

1,388

2/2

-- (F)

6 Calle Centello

SOLD

$785,000

$414

1,896

3/3

8/24/21

17 Calle Viveza

SOLD

$635,000

$457

1,388

2/2

7/30/21

83 Via Cartaya

Pending

$599,900

$444

1,351

2/2

-- (H)

13 Via Almeria

SOLD

$616,000

$456

1,351

2/2

7/2/21

13 Corte Javier

SOLD

$605,000

$448

1,351

2/2

7/23/21

Alassio 26 Paseo Luna

Carmel 5 Camino Sendero

Santalana

Trinidad

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Verano

(A) = Pacific Sotheby's International Realty (B) = Fiduciary Real Estate Services (C) = Century 21 Masters (D) = Keller Williams OC Coastal Realty (E) = So Cal Properties (F) = Keller Williams Realty (G) = Pacific Pointe Management Group (H) = Coldwell Banker Realty

“Doug and his team went above and beyond our expectations! Not only did they sell our house quickly and above asking price, they extended their efforts to help us secure our new home. Doug personally reached out to our agent in Oregon as well as our lender. Very professional and a pleasure to work with.” - Megan M.

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

SOLD

$1,807,500

$411

4,400

5/6

7,271

7/12/21

16 Calle Tamara

SOLD

$3,299,000

$627

5,263

5/6

14,623

8/2/21

13 Calle Tamara

SOLD

$2,850,000

$530

5,380

5/6

10,199

8/9/21

SOLD

$1,220,000

$515

2,369

4/3

3,888

8/10/21

22 Via Agradar

SOLD

$1,275,000

$497

2,566

4/3

4,514

7/13/21

19 Paseo Carla

SOLD

$1,275,000

$497

2,566

4/3

6,006

7/6/21

SOLD

$1,885,000

$462

4,082

5/5

6,996

8/27/21

13 Via Ceramica

SOLD

$1,380,000

$548

2,520

4/3

5,446

8/19/21

19 Via Ceramica

SOLD

$1,260,000

$508

2,478

4/3

5,889

9/16/21

7 Via Ceramica

SOLD

$1,255,000

$506

2,478

4/3

5,128

8/9/21

Alora 12 Calle Loyola

Alta

Amalfi 1 Via Zamora

Bella Vista No Activity

Cantabria No Activity

Caprizi

Careyes No Activity

Carillon No Activity

Catania No Activity

Cazadero 32 Corte El Brazo

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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*

COE

Farralon Ridge 460 Camino Flora Vista

Active

$1,324,999

$549

2,414

4/3

4,050

(A)

408 Camino Flora Vista

SOLD

$1,350,000

$559

2,414

4/3

6,530

7/20/21

31 Via Conocido

Pending

$3,850,000

$642

6,000

5/6

14,534

(B)

19 Calle Tamara

Pending

$3,100,000

$586

5,293

7/7

9,786

(C)

53 Via Conocido

SOLD

$3,400,000

$583

5,829

5/6

15,966

9/10/21

45 Via Conocido

SOLD

$2,750,000

$440

6,246

5/6

12,788

7/16/21

17 Calle Canella

Pending

$2,300,000

$465

4,951

6/7

8,718

(D)

23 Via Divertirse

Pending

$2,100,000

$453

4,631

5/6

9,245

(C)

18 Via Divertirse

Pending

$2,079,500

$437

4,762

4/6

10,093

(E)

SOLD

$1,750,000

$452

3,870

5/4

8,863

8/20/21

SOLD

$2,150,000

$713

3,015

4/3

12,373

8/2/21

20 Calle Vista Del Sol

SOLD

$2,400,000

$504

4,766

5/6

11,173

8/26/21

12 Calle Vista Del Sol

SOLD

$2,200,000

$462

4,766

5/6

9,875

8/9/21

4 Calle Angelitos

SOLD

$2,160,000

$450

4,800

5/6

12,009

8/6/21

106 Via Sabinas

SOLD

$1,650,000

$515

3,206

5/3

5,815

7/15/21

202 Via Sedona

SOLD

$1,135,000

$365

3,111

3/4

9,303

7/1/21

Lucia

Mirador

14 Calle Gaulteria

Miraleste 15 Via Cancion

Montellano

Monterey

Pacifica Summit 9 Calle Pacifica 20 Calle Pacifica

Pending

$1,875,000

$521

3,601

4/4

10,958

(F)

SOLD

$1,900,000

$523

3,632

4/4

9,514

8/31/21

Pacifica Talega 402 Camino Bandera

Pending

$1,999,900

$462

4,333

5/5

7,389

(G)

422 Camino Vista Verde

SOLD

$1,945,000

$449

4,333

5/5

9,111

7/23/21

308 Camino Bravado

SOLD

$1,900,000

$491

3,866

6/6

8,387

8/25/21

10 Calle Alumbrado

SOLD

$1,550,000

$560

2,770

4/4

7,380

8/26/21

17 Calle Portofino

SOLD

$1,412,500

$464

3,042

5/3

7,041

7/12/21

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Portofino

(A) = Conrad Realtors Inc (B) = Forbes & Associates (C) = Pacific Sotheby's International Realty (D) = Team OC Realty (E) = First Team Real Estate (F) = Castle Realtors (G) = Surterre Properties

"Doug was absolutely amazing throughout the entire process. His creative problem solving, awareness, thoroughness and confidence got us through the sale with ease. Can’t imagine him and his team doing a better job. Would do business with them again in a heartbeat." - Karen 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 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

11 Via Jenifer

SOLD

$1,410,000

$491

2,872

5/4

4,805

8/6/21

67 Via Regalo

SOLD

$1,325,000

$426

3,108

5/3

5,557

7/29/21

Active

$1,999,999

$475

4,209

5/6

6,788

(A)

28 Via Cristobal

Pending

$1,299,000

$553

2,351

3/3

5,316

(B)

14 Paseo Canos

Pending

$1,225,000

$475

2,579

4/3

4,494

(C)

Pending

$1,295,000

$436

2,969

4/4

6,589

(D)

Portomarin

Ravenna 33 Via Nerisa

Sabella

San Lucar 8 Via Abajar

San Rafael 102 Via Monte Picayo

Pending

$1,549,000

$450

3,445

5/4

5,908

(E)

SOLD

$1,400,000

$396

3,536

5/5

6,785

9/3/21

Pending

$1,575,000

$472

3,340

4/3

6,590

(F)

SOLD

$1,355,000

$442

3,069

4/3

8,697

8/12/21

17 Calle Guijarro

SOLD

$1,570,000

$594

2,641

4/3

6,368

9/1/21

8 Calle Pelicano

SOLD

$1,320,000

$477

2,769

6/3

6,256

8/19/21

9 Corte Abertura

SOLD

$1,060,000

$462

2,294

4/3

4,944

8/27/21

5 Calle Boveda

SOLD

$1,010,000

$512

1,972

4/3

4,553

7/19/21

SOLD

$1,560,000

$408

3,823

6/5

6,277

7/26/21

SOLD

$1,337,500

$495

2,702

4/3

6,016

8/30/21

Pending

$1,650,000

$514

3,209

4/3

10,126

(G)

108 Via Monte Picayo

Sansol 21 Calle Saltamontes 53 Corte Vidriosa

Seaside

Solana

Stella Mare 29 Corte Lomas Verdes

Terra Linda 227 Via Malaga

Vittoria 17 Via Picato

No Activity (A) = Luxre Realty, Inc. (B) = Compass (C) = Distinctive Coast Properties (D) = Pacific Sotheby's International Realty (E) = Century 21 Award (F) = GreenTree Properties (G) = Coldwell Banker-Campbell

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Vizcaya

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

SOLD

$1,280,000

$451

2,841

3/2

5,905

7/6/21

18 Camino Del Prado

Pending

$1,249,000

$489

2,554

3/2

6,343

(A)

4 Camino Del Prado

SOLD

$1,250,000

$489

2,554

3/2

5,041

8/27/21

6 Camino Del Prado

SOLD

$1,175,000

$572

2,055

3/2

5,613

7/20/21

SOLD

$1,075,000

$602

1,785

3/2

5,051

7/30/21

Sandbridge 13 Corte Sevilla

Seagarden No Activity

Waterleaf

Wavecrest 4 Corte Miro (A) = Keller Williams OC Coastal Realty

Single Family ACTIVE (2) PENDING SALE (14) SOLD (39)

Talega Averages

List Price $1,662,499 $2,001,829 $1,648,061

SqFt DOM 3,312 13 4,208 16 3,379 11

List $ PSF $512 $475 $488

Sold Price

Condo/Townhouse List Price SqFt DOM List $ PSF ACTIVE (0) PENDING SALE (8) $742,984 1,679 8 $442 SOLD (13) $686,823 1,570 7 $437

Sold Price

Sold $ PSF

$706,923

$450

$1,674,013

Sold $ PSF $495

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

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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 9.20.2021 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 7.1.2021 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 S EP T E M B ER

ORANGE COUNTY MARKET SUMMARY •

The active listing inventory did not change at all in the past two weeks, remaining at 2,289 homes. In August, there were 10% fewer homes that came on the market compared to the 3-year average between 2017 to 2019 (2020 was skewed due to COVID-19), 357 less. Last year, there were 4,213 homes on the market, 1,924 additional homes, or 84% more.

•

Demand, the number of pending sales over the prior month, decreased by 59 pending sales in the past two weeks, down 2%, and now totals 2,623. Last year, there were 3,256 pending sales, 24% more than today due to a delay in the Spring Market because of COVID.

•

With no change in the supply and a slight drop in demand, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 26 days in the past couple of weeks, an extremely Hot Seller’s Market (less than 60 days). It was at 39 days last year slightly 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 22 days. This range represents 30% of the active inventory and 35% of demand.

•

For homes priced between $750,000 and $1 million, the Expected Market Time is 19 days, a Hot Seller’s Market. This range represents 20% of the active inventory and 28% of demand.

•

For homes priced between $1 million to $1.25 million, the Expected Market Time is 22 days, a Hot Seller’s Market. This range represents 10% of the active inventory and 12% of demand.

•

For homes priced between $1.25 million to $1.5 million, the Expected Market Time is 29 days, a Hot Seller’s Market. This range represents 9% of the active inventory and 8% of demand.

•

For homes priced between $1.5 million and $2 million, the Expected Market increased from 25 to 28 days. For homes priced between $2 million and $4 million, the Expected Market Time decreased from 52 to 43 days. For homes priced above $4 million, the Expected Market Time decreased from 124 to 122 days.

•

The luxury end, all homes above $1.5 million, accounts for 31% of the inventory and 17% of demand.

•

Distressed homes, both short sales and foreclosures combined, made up only 0.4% of all listings and 0.3% of demand. There are only 7 foreclosures and 2 short sales available to purchase today in all of Orange County, 9 total distressed homes on the active market, down 4 from two weeks ago. Last year there were 13 total distressed homes on the market, similar to today. There were 3,119 closed residential resales in August, 1% less than August 2020’s 3,153 closed sales. August marked a 3% drop compared to July 2021. The sales to list price ratio was 101.3% for all of Orange County. Foreclosures accounted for just 0.2% of all closed sales, and short sales accounted for 0.1%. That means that 99.7% of all sales were good ol’ fashioned sellers with equity.

for more information on current oc housing market, visit our blog at

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•

presorted standard us postage

PAID

permit#1007

302 N. El Camino Real, Suite 214 | San Clemente, CA 92672

santa ana, ca

FROM THE BLOG LAGUNA'S CULINARY DELIGHTS Laguna Beach has a bustling culinary scene. There’s an old saying that goes a little bit like this: the way into one’s heart is through their stomach. Well, in Laguna Beach that can be the case for foodies of all kinds.