As we head into the 2016 Presidential Elections one thing is for certain, real estate prices in San Clemente are at an all time high. This is especially true to residential condos that currently starts at $405,000 for a non-view two bedroom condo. These prices are very reminiscent of 2007 when prices were at the top of the market right before the housing market crashed. The biggest thing moving the market right now are low interest rates and the consumer feeling positive about the economy. With that being said there is a lot of anxiety of what will happen next year. Many have predicated that we are in a real estate bubble and an adjustment is soon to happen to correct these high real estate prices. This is further backed up by the Feds wanting to increase interest rates which appears will happen at the end of 2016. The elections are another variable that needs to be taken into consideration depending on who wins. The general consensus in California is that if Clinton wins that we will have more of the same which means a more stable real estate economy. The Trump administration would be the wild card in this equation and could bring increased jobs and stability but could also cause the markets to be un-predictable.
For those who are thinking about buying a condo that cheapest place to find a condo is in the Vista Pacifica complex. For nearly a 10 year period no condos had ever sold over the $400,000 until I successfully sold an ocean view condo for $415,000 last year. Getting comps to support that number was really tough but we were able to get the deal closed. Since this record sale there have been many condos listed above the $400,000 price point, mainly those that had some kind of view. Now in late 2016, non-view condo owners are asking over $400,000 which would be impossible if we were talking just one year ago. The market does appear to be a little greedy and I do think a small correction is in order to bring property into more affordable price points. If interest rates do go up later this year that will surely start to slow down the market and cause real estate prices to either be stagnent or to become lower. I'm not sure if that's what the Feds will want to do but It seems like an interest rate increase is almost certainly on the horizon. For those who have further questions about the real estate market here in San Clemente, California feel free to reach out to me at 949-204-5110.
San Clemente 214 Via Robina 27
Wow! Enjoy amazing panoramic ocean views of the San Clemente coastline and catalina from this upgraded upper level 2 bedroom condo. The kitchen was remodeled with custom maple cabinetry, granite counters, stainless steel appliances and marble flooring. The living room and dining room have new paint, wood laminate flooring, crown molding, upgraded baseboards and recessed lights. The spacious master bedroom has plenty of closet space, ceiling fan and attached master bath complete with granite ...$499,900
San Clemente 214 Via Robina 20
Great Location, greater deal!!! Single level, end unit!! Beach and Downtown close for under $500k!! Enjoy skyline sunset views and Coastal Style Living with great shops, dining, and beaches, just a short walk away in Downtown San Clemente! This move-in ready 2-bedroom 2-bath condo offers updated vanities in both bathrooms with new granite countertops. New paint and flooring throughout, along with newly installed Forced Air Unit. Each bedroom is master-sized with one ensuite bathroom th...$489,000
San Clemente 2701 Calle Del Comercio 9
Private Fenced in Yard & Views of Golf Course under 500k! This 2 bed 1.5 bath Condo in Southeast San Clemente overlooks the 6th Hole on the San Clemente Municipal Golf Course. The end unit condo has its own private fenced in yard and a upstairs balcony overlooking the Golf Course. As you enter the condo you will notice the open floor plan with a spacious Living Room area with large sliding glass door that opens to the private fenced in yard. The Kitchen is spacious with lots of cabinet space,...$478,999
San Clemente 2701 Calle Del Comercio 2
Surfer paradise! This Beach condo is just minutes from the ocean and has easy access to the 5 freeway! Enjoy the vibes of this fun light and bright condo with Ocean and Golf course views. Short walking distance to world famous surf break, Trestles and conveniently located on San Clemente municipal golf course. San Clemente Golf Course, also known as, The Pride of the Pacific, features sweeping ocean views on most of its 18 holes. This condo features bamboo wood floors, open floor plan, laundr...$478,888
San Clemente 214 Via Robina 18
SINGLE-LEVEL * END UNIT * in SOUTHEAST San Clemente. Private and quiet location. Ideally located in a cul-de-sac surrounded by green hills. Walking distance to popular downtown village with top-rated restaurants and shops, as well as the pier and beach trail. Within minutes are beautiful beaches and world renowned surf spots. Make this spacious, move-in ready condo your home and enjoy all this active, coastal community has to offer. Open living area, light and sunny with neutral palate, crown...$478,800
San Clemente 1066 Calle Del Cerro 1408
WE ARE THE BEST PRICED PROPERTY IN ALL OF SAN CLEMENTE***If you like the beach, hiking and biking…then you’re going to love this unit*** Nestled among tall trees and meandering streams, Vista Pacifica is a short 2 ½ mile ride to the beach. Upgraded and remodeled, this beautiful upper level condo features an Open Floor Plan, Dual Master Suites, Walk-in Closet, High Ceilings, Travertine Floors, Upgraded Cabinetry, Brand New Appliances including Stove, Microwave and Dishwasher, Upgraded Plumbi...$404,898
San Clemente 1046 Calle Del Cerro 405
This is a nicely Upgraded one bedroom comdo! This is a ground floor unit easy access for you and easy for wheelchairs. Previous owner remodeled kitchen and bathroom with newer cabinets and granite counter tops. The remodel included tile in the entry, kitchen and in the bathroom. This unit does have a single car garage. The remodel included a laundry area in the unit. Come by and see this nice one bedroom unit is beautiful San Clemente.$350,800