February 2021

Found 1 blog entry for February 2021.

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We received a call last night from a client looking in the Colony Cove community in San Clemente.  There budget was around $675,000 which is a good amount of money which easily could have bought a property last year in Colony Cove when looking at the comparble sales from 2020.   They were shocked at the current real estate prices this year which are ranging from $734,000 to $815,000 which is a far cry from sales from last year that ranged from $574,000 to $650,000.  A lot has changed in the real estate market in the last 9 months for a variety of reasons.

First, having low mortgage rates has really been a game changer for the real estate market in Southern California and other places as well.  What that means is that buyers are able to afford more