the GREEN sheet | September 2021 by Echelberger Group

S E P T E M 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

TIMING THE MARKET As I’m writing this near the very end of August, there are 4 homes and 4 condos for sale in all of Talega. The average Days on Market (DOM) for a Talega property in 2021 is a mere 13 days, which is incredible when compared to 32 DOM in 2020 and 2019's 47 DOM. Looking back through 2021, low or no inventory has been the story all year. However, in the past 30 days, the overall demand in the market started to soften and showings started to slow compared to one or two months ago. This is common when we reach the end of summer. If you assume demand will continue to soften as school starts, life normalizes and the holidays come our way, we could see a balanced market in 2022. It appears that interest rates will not slow the pace of this market moving forward, as most are predicting there will be no rise in rates until 2022. If you look at the inventory curve below and assume it will be flat for the rest of the year, we could be more in balance with demand starting in January. Pricing will continue to remain strong, especially in Talega, since we have been playing catch up with our price point compared to other communities.

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.

FEATURED RESIDENCE

23 Via Divertirse

High-End Luxury Living

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 5 ensuite bedrooms and 5.5 baths in approx. 4,631 sqft. 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 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 sqft, 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. 23Vi a D i v e r ti r s e .c o m

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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,

TALEGA RESIDENCES Dou g E ch e l b er ger h a s a PR O VEN track reco rd in T alega Real E sta te 2 3 V IA DIV ERTIR SE JUST LISTED

20 CALLE PACIFICA IN E SCROW IN 5 DAYS

2 1 0 CA LLE A LUMBRA DO I N ESC R OW IN 1 DAY

13 CALLE TAM ARA SOLD IN 17 DAYS

3 3 V IA C R ISTOBA L S O LD IN 1 1 DAYS

4 5 VIA CONOCID O JUST SOLD

1 V IA ZA MOR A S OLD IN 4 DAYS

1 CALLE CARE YE S SOLD IN 6 DAYS

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TALEGA RESIDENCES Rep r es e n t ed by D o ug Echelberger ADDRESS

AC T I V E 1 | 23 Via Divertirse

pending 2 0 2 1 YTD

c losi n gs

2 | 20 Calle Pacifica 3 | 10 Calle Alumbrado

TRACT Mirador

BED

BATH

SQFT

$2,100,000

5.5

4,631

Pacifica Summit Portofino

$1,900,000 $1,550,000

4 4

4 3.5

3,632 2,770

$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 $1,675,000 $1,575,000 $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 $610,000

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

5.5 5.5 6 5.5 5.5 5.5 5.5 5.5 5.5 5.5 4.5 5.5 3.5 5.5 2.5 4 3.5 4 3.5 2.5 2.5 3.5 2.5 2 3 2.5 2.5 2.5 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 * 3,497 * 3,866 * 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 ** 1,468 *

13 Calle Tamara Alta 20 Via Conocido Lucia 45 Via Conocido Lucia 36 Via Alcamo Alta 1 Calle Careyes Careyes 41 Calle Vista Del Sol Montellano 44 Calle Vista Del Sol Montellano 16 Via Conocido Lucia 67 Calle Careyes Careyes 31 Via Alcamo Alta 18 Calle Pacifica Pacifica Summit 47 Calle Mattis Carillon 45 Via Cartama Catania 308 Camino Bravado Pacifica Talega 8 Calle Portofino Portofino 53 Via Cartama Catania 19 Via Abrazar Miraleste 6 Calle Portofino Portofino 214 Via Marfino San Rafael 33 Via Cristobal Sabella 1 Via Zamora Amalfi 202 Via Sedona Monterey 414 Camino Flora Vista Farralon Ridge 36 Avenida Cristal Carmel 11 Calle Merecida Carmel 26 Corte Pinturas Seagarden 306 Calle Campanero Alassio 66 Paseo Del Rey Alassio 48 Paseo Del Rey Alassio * Represented Seller

PRICE

** 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 .

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 AU G U S T

TOWNHOMES TRACT/STREET

STATUS

PRICE

PRICE/SQ FT

SQ FT*

BED/BATH

GARAGE

LOT SIZE*

COE

Pending

$650,000

$443

1,468

2/3

-- (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

407 Calle Campanero

SOLD

$660,000

$450

1,468

3/3

7/25/21

54 Paseo Rosa

SOLD

$656,000

$441

1,487

2/2

7/20/21

Active

$820,000

$348

2,358

3/3

-- (B)

162 Paseo Vista

Active

$799,000

$450

1,776

3/3

-- (C)

23 Paseo Vista

Pending

$779,000

$466

1,672

3/3

-- (D)

18 Paseo Verde

SOLD

$880,000

$496

1,776

3/3

8/3/21

110 Paseo Vista

SOLD

$845,000

$449

1,881

3/3

6/30/21

172 Paseo Vista

SOLD

$840,000

$473

1,776

3/3

6/24/21

122 Paseo Vista

SOLD

$775,000

$443

1,748

3/3

8/9/21

33 Avenida Brio

Active

$635,000

$457

1,388

2/2

-- (E)

29 Calle Viveza

Active

$629,500

$454

1,388

2/2

-- (F)

6 Calle Centello

Pending

$675,000

$356

1,896

3/3

-- (G)

17 Calle Viveza

SOLD

$635,000

$457

1,388

2/2

83 Via Cartaya

Active

$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

53 Via Cartaya

SOLD

$598,150

$443

1,350

2/2

6/22/21

Alassio 406 Calle Campanero

Carmel 5 Camino Sendero

Santalana

Trinidad

7/30/21

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Verano

(A) = T.N.G. Real Estate Consultants (B) = Fiduciary Real Estate Services (C) = Century 21 Masters (D) = OC Property Management & Sales (E) = Keller Williams Realty (F) = First Team Real Estate (G) = Pacific Sotheby's International Realty (H) = Coldwell Banker Realty

"He was always available when we needed anything. He far exceeded every expectation we had and delivered time and again, and always with a smile. I can't envision better service or results. If you are considering buying or selling a home, particularly in San Clemente, you cannot find anyone better than Doug and his team." - Don B.

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

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

$1,625,000

$522

3,112

4/4

6,050

6/24/21

Active

$1,895,000

$464

4,082

5/5

6,996

(A)

19 Via Ceramica

Active

$1,199,000

$484

2,478

4/3

5,889

(B)

13 Via Ceramica

Pending

$1,249,000

$496

2,520

4/3

5,446

(C)

6 Corte La Cereza

SOLD

$1,310,000

$559

2,342

3/3

5,681

6/14/21

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 41 Via Cartama

Cazadero 32 Corte El Brazo

(A) = Coldwell Banker Realty (B) = Compass (C) = Century 21 Inverness

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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 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

SOLD

$1,350,000

$559

2,414

4/3

6,530

7/20/21

31 Via Conocido

Active

$3,850,000

$642

6,000

5/6

14,534

(A)

45 Via Conocido

SOLD

$2,750,000

$440

6,246

5/6

12,788

7/16/21

18 Via Divertirse

Pending

$2,079,500

$437

4,762

4/6

10,093

(B)

14 Calle Gaulteria

Pending

$1,685,000

$435

3,870

5/4

8,863

(C)

SOLD

$1,865,000

$403

4,631

5/6

7,886

6/15/21

15 Via Cancion

SOLD

$2,150,000

$713

3,015

4/3

12,373

8/2/21

5 Via Cancion

SOLD

$1,495,000

$496

3,015

5/3

6,887

6/16/21

20 Calle Vista Del Sol

Pending

$2,350,000

$493

4,766

5/6

11,173

(D)

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

308 Via Promesa

SOLD

$1,549,000

$507

3,054

4/3

5,846

6/1/21

202 Via Sedona

SOLD

$1,135,000

$365

3,111

3/4

9,303

7/1/21

Farralon Ridge 408 Camino Flora Vista

Lucia

Mirador

15 Calle Canela

Miraleste

Montellano

Monterey

Pacifica Summit 20 Calle Pacifica

Pending

$1,900,000

$523

3,632

4/4

9,514

(E)

14 Calle Anacapa

SOLD

$1,850,000

$445

4,155

5/5

6,591

6/1/21

3 Calle Pacifica

SOLD

$1,825,000

$440

4,147

4/5

9,388

6/24/21

430 Camino Bandera

Active

$2,300,000

$525

4,380

5/5

8,245

(F)

308 Camino Bravado

Pending

$1,925,000

$498

3,866

6/6

8,387

(G)

SOLD

$1,945,000

$449

4,333

5/5

9,111

7/23/21

Pending

$1,550,000

$560

2,770

4/4

7,380

(E)

8 Calle Portofino

SOLD

$1,520,000

$502

3,030

4/3

6,155

6/28/21

17 Calle Portofino

SOLD

$1,412,500

$464

3,042

5/3

7,041

7/12/21

Pacifica Talega

422 Camino Vista Verde

Portofino

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10 Calle Alumbrado

(A) = Forbes & Associates (B) = First Team Real Estate (C) = Luxre Realty, Inc. (D) = Redfin (E) = Pacific Sotheby's International Realty (F) = Dalton Real Estate (G) = Coldwell Banker Realty

"Doug and his team are exceptional. They exceeded every expectation that I had. Communicative – check, professional – check, helpful – double check, responsive – triple check. Most importantly, though, they listened to me when I described what I wanted in a house and found the exact right one for me. I could not be happier with this group of outstanding real estate professionals." - Lisa T.

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*

11 Via Jenifer

SOLD

$1,410,000

$491

2,872

5/4

4,805

67 Via Regalo

SOLD

$1,325,000

$426

3,108

5/3

5,557

Portomarin

27 Via Regalo

SOLD

$1,350,000

$470

2,872

4/4

COE

8/6/21

4,661

6/28/21 7/29/21

Ravenna No Activity

Sabella

24 Paseo Canos

SOLD

$1,150,000

$500

2,300

3/3

5,083

6/18/21

San Lucar No Activity

San Rafael 102 Via Monte Picayo

Active

$1,549,000

$450

3,445

5/4

5,908

(A)

108 Via Monte Picayo

Pending

$1,425,000

$403

3,536

5/5

6,785

(B)

SOLD

$1,399,000

$419

3,340

4/3

8,562

6/10/21

17 Calle Guijarro

Pending

$1,299,000

$492

2,641

4/3

6,368

(C)

8 Calle Pelicano

Pending

$1,299,000

$469

2,769

6/3

6,256

(D)

7 Calle Tortuga

SOLD

$1,250,000

$499

2,507

5/3

4,979

6/14/21

Sansol

44 Corte Vidriosa 53 Corte Vidriosa

SOLD

$1,355,000

$442

3,069

4/3

8,697

8/12/21

Seaside

30 Calle Almeja

SOLD

$1,208,000

$474

2,546

5/3

4,807

6/16/21

Solana 9 Corte Abertura

Pending

$999,900

$436

2,294

4/3

4,944

(E)

26 Camino Silla

SOLD

$1,025,000

$447

2,294

4/3

3,850

6/29/21

SOLD

$1,590,000

$487

3,263

4/4

7,757 6,277

7/26/21

Pending

$1,349,000

$499

2,702

4/3

6,016

(B)

Active

$1,650,000

$514

3,209

4/3

10,126

(F)

5 Calle Boveda

Stella Mare

29 Via Timon

29 Corte Lomas Verdes

SOLD

$1,010,000

$1,560,000

$512

$408

1,972

3,823

4/3

6/5

4,553

7/19/21

6/4/21

Terra Linda 227 Via Malaga

Vittoria 17 Via Picato

No Activity (A) = Century 21 Award (B) = GreenTree Properties (C) = Realty One Group West (D) = Pacific Sotheby's International Realty (E) = eXp Realty of California Inc. (F) = Coldwell Banker Campbell Realtors

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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 AU G U S T

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

Active

$1,249,000

$489

2,554

3/2

6,343

(A)

4 Camino Del Prado

Pending

$1,250,000

$489

2,554

3/2

5,041

(B)

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 (B) = Compass

Talega Averages

Single Family ACTIVE (7) PENDING SALE (13) SOLD (39)

List Price $1,956,000 $1,560,284 $1,564,353

SqFt DOM 3,735 4 3,273 20 3,284 10

List $ PSF $510 $479 $476

Sold Price

Condo/Townhouse ACTIVE (5) PENDING SALE (3) SOLD (12)

List Price $696,680 $601,633 $701,633

SqFt DOM 1,652 20 1,679 6 1,576 8

List $ PSF $431 $422 $445

Sold Price

Sold $ PSF

$714,846

$454

$1,588,077

Sold $ PSF $484

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 8.16.2021 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 6.1.2021 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 AU G U S T

ORANGE COUNTY MARKET SUMMARY •

The active listing inventory increased by 8 homes in the past two-weeks, nearly unchanged, and now totals 2,528. In July, there were 4% fewer homes that came on the market compared to the 3-year average between 2017 to 2019 (2020 was skewed do to COVID-19), 152 less. Last year, there were 4,320 homes on the market, 1,792 additional homes, or 71% more.

•

Demand, the number of pending sales over the prior month, decreased by 115 pending sales in the past twoweeks, down 4%, and now totals 2,694. Last year, there were 3,323 pending sales, 23% more than today, due to a delayed Spring Market.

•

With not much of a change in supply or demand, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 27 to 28 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 24 days. This range represents 29% of the active inventory and 35% of demand.

•

For homes priced between $750,000 and $1 million, the Expected Market Time is 22 days, a Hot Seller’s Market. This range represents 22% 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 13% of demand

•

For homes priced between $1.25 million to $1.5 million, the Expected Market Time is 24 days, a Hot Seller’s Market. This range represents 8% of the active inventory and 9% of demand

•

For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 31 to 25 days. For homes priced between $2 million and $4 million, the Expected Market Time increased from 52 to 62 days. For homes priced above $4 million, the Expected Market Time increased from 128 to 132 days.

•

The luxury end, all homes above $1.5 million, accounts for 31% of the inventory and 16% of demand.

•

Distressed homes, both short sales and foreclosures combined, made up only 0.5% of all listings and 0.3% of demand. There are only 7 foreclosures and 5 short sales available to purchase today in all of Orange County, 12 total distressed homes on the active market, down 1 from two-weeks ago. Last year there 15 total distressed homes on the market, very similar to today. There were 3,205 closed residential resales in July, 6% more than July 2020’s 3,011 closed sales. July marked a 10% drop compared to July 2021. The sales to list price ratio was 101.5% for all of Orange County. Foreclosures accounted for just 0.2% of all closed sales, and short sales accounted for 0.2%. That means that 99.6% 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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FROM THE BLOG 11 WAYS TO REFRESH YOUR DECK New decor, potted plants and string lights are good places to start when refreshing a deck. But there are other ways you can make a big difference without a major renovation. Read on for 11 tips that will give your deck flair, functionality and interest for years to come.