S E P T E M 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
THE COOLER MONTHS OF AUTUMN B r i n g i n g H e a t To T h e Ta l e g a R e a l E s t a t e M a r k e t Autumn in San Clemente...the time of year when school returns, summer comes to an end and cooler, crisper weather lies ahead. One thing that shows no sign of cooling soon is our real estate market in Talega, which continues to trend upward with demand while inventory continues to decline. Take a look at the Orange County Demand and Supply charts below. There is nothing normal about 2020 and we don’t expect the fall to be any different.
Low interest rates, job restructuring, and people spreading out from California’s largest cities are combining to create strong demand in our area for purchases and leasing. All of the neighborhoods in Talega are experiencing strong sales, with the amount of inventory between $1.1 million to $3 million the lowest I have ever seen.
Other communities in San Clemente and surrounding cities are also seeing record sales, with few homes coming on the market to replace them. This large disparity will continue through the coming months, keeping our market hotter than normal for this time of year. Eventually, as we hit the election and holidays, it should adjust back to normal levels, but even that prediction is just a guess. What we know about 2020 is that no one could have predicted this surge in the real estate market. We are all just grateful to live in a city and community that is so highly desirable.
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
303 Via Los Tilos
Chateau-Inspired Style
5 bed | 4.5 bath | 3,536 sq ft | 5,739 sq ft lot
It is easy to fall in love at first sight the moment one sees this exquisite San Rafael residence at Talega in San Clemente. A hint of French Chateau
style imbues exterior architecture with a romantic touch, emphasized by professional landscaping, stone hardscaping, and a wrap-around porch leading to the front door. Extensively upgraded interior spaces make it a breeze to move in and start enjoying life immediately in a two-story floorplan spanning approximately 3,536 square feet. Discover a formal living room with fireplace, a formal dining room with custom built-in buffet, and a multi-tiered staircase with custom wrought iron railings. Five bedrooms include a main-floor bedroom with patio access, four-and-one-half baths are luxuriously appointed, and an chef’s kitchen with nook, an island with seating, granite countertops, a walk-in pantry, and top-of-the-line Wolf, Bosch and Sub-Zero appliances. Custom upgrades are led by Indonesian acacia hardwood flooring, plantation shutters, dual-zone AC and crown molding. The second level presents a loft, secondary bedroom balcony, and a five-star master suite with valley and city-light views, a sitting area, walk-in closet, a shower with seat, a separate soaking tub, separate sinks and a sit-down vanity. Stone patios and a lawn are featured in the backyard, and an attached garage accommodates three cars. www.303ViaLosTilos.com
2 | w w w.E c hel berger.c o m
oversized family room displays a fireplace and built-in entertainment center. Step directly from the family room into a large
T H E M A R K E T I S H OT !
3 | w w w.E c hel berger. co m
Tale ga Ho m es Are Sel l i n g Quickly, N ow Is T he T ime To List Yo ur Hom e
3 3 CALLE CAREY ES S O LD IN 5 D AY S
57 CA L L E CA REYES IN ESCR OW IN 9 DA YS
3 1 VIA C RIS TOBAL S O LD IN 6 D AY S
21 VIA TIMON SOL D IN 4 DA YS
1 7 C ORTE LIMONAD A I N E S CROW IN 5 D AY S
21 PA SEO VISTA SOL D IN 6 DA YS
5 4 P AS EO ROS A I N E SCROW IN 8 D AY S
1 3 PA SEO L UNA SOL D IN 1 3 DA YS
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 active pending
2 0 2 0 YTD closings
303 Via Los Tilos 27 Via Conocido 57 Calle Careyes 21 Via Timon 17 Corte Limonada 2 Camino Sendero 30 Paseo Del Rey 54 Paseo Rosa
TRACT
36 Via Alcamo 33 Calle Careyes 14 Via Divertirse 13 Corte Cabrito 18 Calle Gaulteria 15 Calle Loyola 15 Via Lampara 22 Calle La Espalda 10 Calle Castillo 218 Via Sedona 31 Via Cristobal 23 Via Jacobea 15 Calle Saltamontes 42 Via Regalo 16 Via Adrian 504 Corto Del Oro 5 Calle Boveda 25 Corte Pinturas 28 Calle Akelia 21 Paseo Vista 17 Paseo Vista 98 Paseo Vista 9 Camino Celeste 40 Paseo Del Rey 13 Paseo Luna * Represented Seller
call us today , for a
PRICE
BED
BATH
SQFT
San Rafael
$1,299,500
5
4.5
3,536
Lucia Careyes Stella Mare San Lucar Carmel Alassio Alassio
$3,350,000 $1,985,000 $1,199,900 $1,080,000 $815,000 $569,000 $524,900
5 4 5 4 3 3 2
6.5 4.5 4.5 3 2 2.5 2
6,046 4,689 3,694 2,615 2,066 1,484 1,356
Alta Careyes Mirador Carillon Mirador Alora Alora Cazadero Pacifica Summit Monterey Sabella Catania Sansol Portomarin Caprizi Farralon Ridge Solana Seagarden Sabella Santalana Santalana Santalana Trinidad Alassio Alassio
$2,225,000 $2,155,000 $1,620,000 $1,588,000 $1,500,000 $1,330,000 $1,265,000 $1,238,750 $1,230,000 $1,200,000 $1,202,000 $1,170,000 $1,140,000 $1,000,000 $977,000 $889,000 $825,000 $825,000 $820,000 $749,000 $679,000 $615,000 $539,000 $524,995 $490,000
5 4 6 4 5 5 5 5 5 4 4 5 5 4 4 4 4 2 3 3 3 3 2 2 2
6 4.5 6.5 4.5 5.5 5.5 5.5 4.5 4.5 3.5 2.5 4 3.5 3 3 3 2.5 2 2.5 2.5 2.5 2 2 2.5 2.5
4,752 ** 4,656 * 4,951 ** 3,975 * 4,631 * 4,094 *** 4,499 *** 4,082 *** 3,886 * 3,519 * 2,627 * 3,547 * 3,238 * 2,872 *** 2,583 * 1,924 * 1,972 * 1,526 ** 2,088 * 1,952 * 1,776 *** 1,292 * 1,367 * 1,232 *** 1,232 *
** Represented Buyer
COMPLIMENTARY
***Represented Seller and Buyer
home evaluation
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 vis it u s o n lin e or call 949.498.7711 .
4 | w w w.E chel berger. co m
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 AU G U S T
TOWNHOMES TRACT/STREET
STATUS
PRICE
PRICE/SQ FT
SQ FT*
BED/BATH
GARAGE
LOT SIZE*
COE
Email Info@Echelberger.com
Active
$669,900
$402
1,668
3/3
2
--
Email Info@Echelberger.com
Pending
$589,985
$402
1,468
3/3
2
--
30 Paseo Del Rey
Pending
$569,000
$383
1,484
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
--
13 Paseo Luna
Pending
$499,000
$405
1,232
2/3
1
--
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
2 Camino Sendero
Pending
$815,000
$394
2,066
3/2
2
--
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
34 Avenida Cristal
SOLD
$775,000
$307
2,527
2/3
2
--
8/18/20
Pending
$750,000
$384
1,952
3/3
2
--
21 Paseo Vista
SOLD
$749,000
$384
1,952
3/3
2
--
8/14/20
100 Paseo Rosa
SOLD
$705,000
$361
1,952
3/3
2
--
6/9/20
102 Paseo Rosa
SOLD
$630,000
$360
1,748
3/3
2
1,200
6/30/20
98 Paseo Vista
SOLD
$620,000
$480
1,292
3/2
2
--
8/14/20
134 Paseo Vista
SOLD
$606,000
$347
1,748
3/3
2
--
6/12/20
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
--
9 Camino Celeste
SOLD
$539,000
$394
1,367
2/2
2
--
6/19/20
3 Calle Calurosa
SOLD
$525,000
$378
1,388
2/2
2
--
7/9/20
45 Avenida Brio
SOLD
$523,500
$377
1,388
2/2
2
--
6/26/20
Pending
$525,000
$389
1,351
2/2
2
--
SOLD
$650,000
$353
1,840
3/3
2
--
Alassio
Carmel
Santalana Email Info@Echelberger.com
5 | w ww.E che l b erg er.c o m
Trinidad
Verano Email Info@Echelberger.com 56 Via Almeria
7/17/20
GETTING OUTSIDE | 17 PICTURESQUE HIKING TRAILS IN ORANGE COUNTY Looking for a well-manicured, family-friendly stroll deep in the suburbs, where wonderfully wide pathways make it easier to stay six feet apart from strangers? For additional information, please visit: w w w. e c h e l b e r g e r. c o m /bl o g
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 AU G U S T
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 No Activity
Alta Email Info@Echelberger.com
Active
$1,948,000
$379
5,136
5/6
3
8,515
49 Via Alcamo
SOLD
$1,880,000
$355
5,303
5/6
3
8,843
17 Corte Limonada
Pending
$1,080,000
$413
2,615
4/3
2
6,769
Email Info@Echelberger.com
Pending
$920,000
$358
2,567
3/3
2
3,737
SOLD
$885,000
$345
2,567
3/3
2
4,101
8/10/20
SOLD
$1,315,000
$350
3,757
4/3
2
6,482
7/6/20
5,054
7/7/20
Amalfi
3 Via Zamora
14 Via Zamora
SOLD
$880,000
$343
2,567
3/3
2
3,488
7/27/20
Bella Vista 15 Calle Altea 20 Calle Altea
SOLD
$1,171,903
$312
3,757
4/3
3
6,330
7/31/20
Caprizi Email Info@Echelberger.com
Active
$1,099,000
$453
2,427
3/3
2
Email Info@Echelberger.com
Pending
$1,095,000
$424
2,583
4/3
2
7,001
SOLD
$1,155,000
$450
2,566
4/3
2
4,461
33 Calle Careyes
Pending
$2,195,000
$471
4,656
4/5
3
14,201
57 Calle Careyes
Pending
$1,985,000
$423
4,689
4/5
3
9,975
9 Calle Careyes
SOLD
$1,630,000
$348
4,689
4/5
3
9,235
6/4/20
SOLD
$1,588,000
$400
3,975
4/5
2 3
10,584
8,642
6/12/20
Email Info@Echelberger.com
Active
$1,495,000
$390
3,833
5/5
2
5,489
Email Info@Echelberger.com
Active
$1,295,000
$370
3,497
5/4
3
5,555
37 Via Garona
Pending
$1,329,000
$369
3,602
5/5
3
8,494
23 Via Jacobea
Pending
$1,195,000
$337
3,547
5/4
2
5,575
25 Via Garona
SOLD
$1,085,000
$369
2,941
4/4
2
6,229
Email Info@Echelberger.com
Pending
$1,495,000
$388
3,849
5/5
3
8,013
Email Info@Echelberger.com
Pending
$1,449,000
$355
4,082
5/5
3
6,264
SOLD
$1,200,000
$314
3,823
5/5
3
5,972
22 Via Balcon
19 Via Canero
SOLD
$959,900
$369
2,600
4/3
2
4,430
6/30/20
6/3/20
Careyes
Carillon 13 Corte Cabrito 46 Calle Mattis
SOLD
$1,525,000
$387
3,942
5/6
7/24/20
Catania
7/27/20
Cazadero
34 Calle Loyola
SOLD
$1,195,000
$310
3,849
5/5
3
8,631
7/9/20 6/3/20
Escala Email Info@Echelberger.com 11 Calle Frutas 2 Via Ceramica
Pending
$959,000
$376
2,550
4/3
2
9,402
SOLD
$919,000
$371
2,478
4/3
2
4,245
SOLD
$830,000
$346
2,400
4/3
2
6,188
7/30/20 7/1/20
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6 | w ww.E che l b erg er.c o m
27 Calle La Espalda
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 AU G U S T
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
COE
Farralon Ridge 602 Corte Calmo
7/13/20
Lucia Email Info@Echelberger.com 27 Via Conocido
Mirador Email Info@Echelberger.com
Pending
$1,525,000
$332
4,599
5/6
3
8,774
14 Via Divertirse
SOLD
$1,620,000
$327
4,951
6/7
3
10,767
7/17/20
7 Calle Gaulteria
SOLD
$1,119,000
$289
3,870
4/4
3
8,789
7/24/20
18 Calle Gaulteria
SOLD
$1,500,000
$324
4,631
5/6
3
8,772
6/11/20
Miraleste 43 Via Belleza
SOLD
$1,135,000
$353
3,219
5/3
2
8,571
6/29/20
6 Via Cancion
SOLD
$1,000,000
$332
3,015
5/3
3
5,090
7/29/20
37 Via Cancion 14 Via Paquete
SOLD SOLD
$1,088,000 $980,000
$338 $325
3,218 3,015
5/4 4/3
3 2
9,505 5,040
7/21/20 7/2/20
Montellano 60 Calle Vista Del Sol
Pending
$2,395,000
$503
4,766
5/6
3
10,416
29 Calle Vista Del Sol
SOLD
$1,550,000
$346
4,480
4/5
3
11,392
57 Calle Vista Del Sol
SOLD
$1,520,000
$318
4,785
5/6
3
8,310
6/11/20 6/30/20
Monterey Email Info@Echelberger.com
Pending
$1,249,000
$401
3,111
4/4
3
12,373
SOLD
$1,116,000
$359
3,111
5/5
2
7,056
Email Info@Echelberger.com
Active
$1,399,000
$389
3,601
4/4
3
9,390
Email Info@Echelberger.com
Active
$1,355,000
$332
4,085
5/4
3
9,216
10 Calle Castillo
SOLD
$1,230,000
$317
3,886
5/5
2
7,886
Email Info@Echelberger.com
Pending
$1,849,000
$398
4,643
5/5
2
10,163
Email Info@Echelberger.com
Pending
$1,598,800
$414
3,866
6/6
3
7,088
20 Calle Castillo
Pending
$1,365,000
$379
3,601
4/4
3
7,706
SOLD
$1,075,000
$382
2,816
5/4
2
6,020
Pending
$1,275,000
$313
4,068
4/5
3
7,765
112 Via Reseda
105 Via Sonoma
SOLD
$995,000
$330
3,011
4/3
3
6,813
7/2/20
7/9/20
Pacifica Summit
7/15/20
Pacifica Talega
Portofino No Activity
7 | w w w.E c he l berger. co m
Portomarin 52 Via Regalo
8/12/20
Ravenna Email Info@Echelberger.com
THERE'S NO WORKPLACE LIKE HOME | MAKING AN OFFICE OF AN ABODE If you are excited by the prospect of working from home for the long-term, then all you need to do is set up your home office and develop some healthy routines and you are ready to get to work. For additional information, please visit: w w w. e c h e l b e r g e r. c o m /bl og
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 AU G U S T
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 Pending SOLD SOLD
$1,200,000 $949,000 $935,000 $830,000
$457 $361 $356 $398
2,627 2,627 2,627 2,088
4/3 4/3 4/3 3/3
2 2 2 2
6,714 4,770 5,017 4,978
7/24/20 6/15/20
Active SOLD
$1,124,000 $957,000
$357 $366
3,147 2,615
4/4 4/3
3 2
6,733 5,634
6/12/20
Active Active SOLD
$1,299,900 $1,299,500 $1,175,000
$383 $368 $357
3,398 3,536 3,288
5/4 5/5 4/4
3 3 2
5,908 5,739 7,713
7/27/20
Active SOLD SOLD
$1,299,000 $1,185,000 $1,140,000
$401 $329 $352
3,238 3,600 3,238
5/4 5/3 5/4
2 3 2
6,207 6,332 6,450
8/12/20 7/10/20
Active Active Pending Pending Pending SOLD SOLD SOLD
$1,075,000 $999,000 $1,225,000 $1,199,000 $999,000 $1,030,000 $989,000 $933,000
$429 $398 $489 $444 $408 $405 $374 $366
2,507 2,507 2,506 2,700 2,448 2,546 2,641 2,550
4/3 5/3 4/3 5/3 5/3 5/3 4/3 4/3
2 2 2 3 2 3 2 2
7,447 4,989 6,691 7,629 6,092 5,573 5,146 5,242
7/31/20 8/17/20 6/18/20
Active SOLD SOLD
$905,000 $845,000 $830,000
$395 $429 $362
2,294 1,972 2,294
4/3 3/3 4/3
2 2 2
6,993 3,306 5,319
8/10/20 6/8/20
Pending SOLD SOLD SOLD SOLD
$1,199,900 $1,275,000 $1,262,500 $1,254,000 $1,058,000
$325 $342 $339 $331 $312
3,694 3,729 3,729 3,794 3,388
5/5 5/5 5/5 4/4 4/4
2 3 3 3 2
8,648 5,727 7,616 6,614 5,180
8/3/20 7/10/20 7/9/20 6/15/20
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
Pending
$2,549,000
$453
5,633
5/6
3
16,867
Sabella 31 Via Cristobal Email Info@Echelberger.com 22 Calle Akelia 20 Calle Akelia
San Lucar Email Info@Echelberger.com 29 Calle Verdadero
San Rafael Email Info@Echelberger.com 303 Via Los Tilos Email Info@Echelberger.com
Sansol 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 Pelicano 17 Calle Almeja 25 Calle Camaron 8 Calle Almeja
Solana Email Info@Echelberger.com 22 Corte Pasillo 7 Corte Estante
Stella Mare 21 Via Timon 38 Paseo Lerida 38 Via Timon 86 Via Regalo 45 Paseo Lerida
Terra Linda Email Info@Echelberger.com 204 Plaza Los Corales
Email Info@Echelberger.com
Vizcaya Email Info@Echelberger.com
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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 AU G U S T
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
Pending
$1,065,000
$395
2,699
2/2
2
8,026
SOLD
$1,025,000
$427
2,401
3/2
2
6,598
Pending
$849,900
$557
1,526
2/2
2
--
SOLD
$989,000
$387
2,554
3/2
2
6,968
7/21/20
12 Corte De Vega
SOLD
$870,000
$379
2,297
3/3
2
4,545
8/11/20
3 Corte Miro
SOLD
$830,000
$397
2,092
2/2
2
4,951
6/15/20
Sandbridge
13 Corte Rivera
7/21/20
Seagarden Email Info@Echelberger.com
Waterleaf 7 Camino Alenza
Wavecrest
Taleg a A verag e s Single Family List Price ACTIVE (15) $1,388,093 PENDING SALE (28) $1,460,525 SOLD (49) $1,144,737
SqFt DOM List $ PSF Sold Price Sold $ PSF 3,477 36 $396 3,604 51 $401 3,215 47 $358 $1,132,025 $352
Condo/Townhouse ACTIVE (1) PENDING SALE (11) SOLD (15)
SqFt DOM List $ PSF Sold Price 1,668 35 $402 1,661 38 $399 1,796 54 $372 $657,500
List Price $669,900 $640,778 $668,220
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Sold $ PSF $366
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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 8.21.2020 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 6.1.2020 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 AU G U S T
ORANGE COUNTY MARKET SUMMARY •
The active listing inventory decreased by 129 homes in the past two-weeks, down 3%, and now totals 4,320, its lowest level for August since tracking began in 2004. COVID-19 is not suppressing the inventory, but from March through June, 27% fewer homes were placed on the market compared to 2019, or 4,318 missing FOR-SALE signs. Last year, there were 7,307 homes on the market, 2,987 additional homes, or 69% more.
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Demand, the number of pending sales over the prior month, increased by 42 pending sales in the past twoweeks, up 1%, and now totals 3,323, its highest level since September 2012. COVID-19 currently has no effect on demand. Last year, there were 2,548 pending sales, 23% fewer than today.
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The Expected Market Time for all of Orange County decreased from 41 days to 39, a Hot Seller’s Market (less than 60 days). It was at 86 days last year, much slower than today.
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For homes priced below $750,000, the market is a hot Seller’s Market (less than 60 days) with an expected market time of 28 days. This range represents 34% of the active inventory and 47% of demand.
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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 26% of demand.
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For homes priced between $1 million to $1.25 million, the expected market time is 40 days, a hot Seller’s Market.
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For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time increased from 49 to 52 days. For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 68 to 62 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 115 to 107 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 262 to 193 days.
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The luxury end, all homes above $1.25 million, accounts for 38% of the inventory and only 18% of demand.
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Distressed homes, both short sales and foreclosures combined, made up only 0.3% of all listings and 0.4% of demand. There are only 6 foreclosures and 9 short sales available to purchase today in all of Orange County, 15 total distressed homes on the active market, down 3 from two-weeks ago. Last year there were 52 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 2019. The sales to list price ratio was 98.0% 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 .
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302 N. El Camino Real, Suite 214 | San Clemente, CA 92672
santa ana, ca
INTRODUCING COASTAL LIFE MAGAZINE As locals know, South Orange County is one of the best places to live in Southern California and beyond. Our beautiful lifestyle, beachoriented amenities, world-renowned climate and picturesque communities remain unparalleled. Many people relocate here annually, either for work or pleasure, and we want them to know everything they can about this coastal paradise. Often times we find ourselves in a new state, city, town or neighborhood, needing guidance and desiring insight into the history and uniqueness of our new surroundings. We proudly introduce Coastal Life magazine, the ultimate guide to our latest listings, desirable neighborhoods, area amenities, local schools, business centers, and scores of recreational destinations. Presented in a beautiful format with gorgeous photography, Coastal Life also educates and guides prospective residents through their buying, moving and relocating transition, and it shares local knowledge with current residents about the communities that we call home. Sign up today on our website to receive your digital copy monthly.
DOUG ECHELBERGER OVER 700+ SUCCESSFULLY CLOSED TRANSACTIONS IN TALEGA #Keeping ItRealEstate in San Clemente Since 1994
artfully uniting extraordinary homes with extraordinary lives®: we believe luxury is an experience, not a price point.
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