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SCHomeReporter.com Presented by Todd Schiedow| Your San Clemente Real Estate Professional SandBridge of Talega - 36 Camino Lienzo 2 BR + Den, 2 BR | 2,841 SQFT | $1,249,900 Gated Community | The Gallery 55+
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Sandbridge of Talega - 16 Corte Rivera 3 BR 3 BTH | 3,650 SQFT | $1,144,000 Gated Community | The Gallery 55+
Central San clemente - 145 W Canada 2 BR 1 BTH | 880 SQFT | $699,900 Excellent investment | Build up to 3 units
Real Estate trends so far this year in Talega, comparing year over year since 2015 Selling Price vs Lis&ng Price The Selling Price vs Lis&ng Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ra&o is below 100% the more of a Buyer's market exists, a ra&o at or above 100% indicates more of a Seller's market. The July 2018 Selling Price vs List Price of 96.3% was up from 95.5% last month and down from 97.6% in July of last year.
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Property Sales Waterleaf of Talega - 23 Camino Del Prado 2 BR + Den, 2 BR | 2,055 SQFT | $835,000 Gated Community | The Gallery 55+
Santalana - 68 Paseo Verde 3 BR 2.5 BTH| 1,726 SQFT | $684,000 IN ESCROW in 1 week!
Santalana - 174 Paseo Vista 3 BR 2.5 BTH| 1,726 SQFT | $625,000 Views of the rolling hills with larger back yard!
July Property sales were 33, up 65.0% from 20 in July of 2017 and 73.7% higher than the 19 sales last month. July 2018 sales were at their highest level compared to July of 2017 and 2016. July YTD sales of 142 are running 16.4% ahead of last year's year-to-date sales of 122.
Con&nued from front cover. Gudell says that in June, 14.2 percent of all U.S. homes listed for sale on Zillow had at least one price cut, up slightly from 13.4 percent in June 2017, but more or less within the roughly 12 to 14 percent range in which the data have hovered since mid-2013. “S&ll, price cuts could be increasingly more common in coming months if more recent trends con&nue to hold,” she says. “Since the beginning of the year, the share of lis&ngs na&onwide with a price cut increased 1.2 percentage points, the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year.”
Inventory / New Lis&ngs / Sales 'This last view of the market combines monthly inventory of Proper&es for sale along with New Lis&ngs and Sales. The graph shows the basic annual seasonality of the market as well as the rela&onship between these items. The number of New Lis&ngs in July 2018 was 32, up 28.0% from 25 last month and up 77.8% from 18 in July of last year.
And as home value growth begins to slow in some larger markets, the local price cut phenomenon is more pronounced. In two-thirds of the na&on’s 35 largest housing markets, the overall share of lis&ngs with at least one price cut has risen over the past year. “In San Diego, 20 percent of all lis&ngs had a price cut in June 2018, up from 12 percent a year ago. In SeaJle, 12 percent of all lis&ngs had a price cut in June, the greatest share since October 2014. Portland, Sacramento, Calif. and Riverside, Calif., were also among the markets that experienced an increase in the share of lis&ngs with a price cut in June compared to a year ago,” says Gudell. It seems higher priced home markets tend to lead the way for other markets to follow, she says. “Since the beginning of the year, the share of higher-priced lis&ngs with a price cut – those priced in the top one-third of all homes listed for sale – rose 0.9 percentage points, to 16.2 percent. Over the same &me, the share of lower-priced lis&ngs with a price cut (those priced in the boJom one-third of all homes) fell 0.1 percentage points, to 11.2 percent.” Gudell also reports that higher-priced lis&ngs have seen a dispropor&onately large increase in price cuts in 23 of the 35 largest metros analyzed by Zillow since the beginning of the year. “Markets with the largest dispari&es between shares of lis&ngs in the top &er versus the boJom &er with a price cut in June included Dallas (21.9 percent in the top &er, 8.7 percent in the boJom &er, a 13.2 percentage point difference), Orlando (12.5 percentage points) and Houston (12.2 percentage points). Las Vegas, San Antonio, CharloJe, Phoenix and Columbus all had at least a 10 percentage point differen&al between the share of top-&er lis&ngs with a price cut and the share of boJom-&er lis&ngs with a price cut.” Within the na&on’s most affordable housing markets, there are fewer lis&ngs with price cuts — places like San Antonio, Phoenix, Philadelphia and Houston reported a smaller percentage of lis&ngs with a price cut in June than a year ago. In San Antonio, where the median home value is $185,000, 17.8 percent of all lis&ngs had a price cut in June, down from about 20 percent of lis&ngs a year ago, according to the ar&cle. It may be too soon to begin calling it a buyer’s market, but this may very well be the &p of the iceberg in the sea of change that constantly defines the industry.
Price drops begin to surface in higher-end markets Some buyers have been wai&ng for it, especially those frustrated by losing out on bidding wars: it appears the real estate market may be shiBing to one many would call “more normal.” According to a Forbes ar&cle by Zillow Chief Economist Svenja Gudell, the share of pricier homes available for sale at a discount from their original list price is growing, even as sellers of less-expensive homes seem somewhat less willing to consider a price cut. Cont. back cover.
©2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residen&al Brokerage office is owned by a subsidiary of NRT LLC.Coldwell Banker® and the Coldwell Banker Logo, Coldwell Banker Residen al Brokerage® and the Coldwell Banker Global Luxury Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other informa&on concerning the condi&on or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that informa&on through personal inspec&on and with appropriate professionals. If your property is currently listed for sale, this is not intended as a solicita&on. Sales may not represent all brokers. Based on informa&on from the Associa&on of REALTORS®/Mul&ple Lis&ng as of 8/10/2018 Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the informa&on contained herein may or may not have been the Lis&ng and/or Selling Agent.