<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.sanclementerealestate.com/blog/san-clemente-real-estate-home-sales/rss" rel="self" type="application/rss+xml" />
        <title>San Clemente Real Estate Blog</title>
        <link>http://www.sanclementerealestate.com/blog/san-clemente-real-estate-home-sales/</link>
        <description>San Clemente Real Estate Information Blog relating to all things San Clemente.  Timely San Clemente Real Estate Information.</description>
<item>
    <guid>http://www.sanclementerealestate.com/blog/san-clemente-homes-that-offer-rate-buy-down.html</guid>
    <link>http://www.sanclementerealestate.com/blog/san-clemente-homes-that-offer-rate-buy-down.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>San Clemente Homes that offer Rate Buy Down</title>
    <description> <![CDATA[ 
Rising Interest Rates has become a problem for those looking to get a mortgage when buying a home in todays real estate market. nbsp;These higher rates were intended to slow down pries and inflation but the actual opposite as happened. nbsp;Due to low inventory, we have what they call shelter inflation which is reaction to the Federal government raising interest rates. nbsp;Its basically explained as the higher the interest rates go, less and less people who currently have a 3 or 4 percent mortgages on their home would not want to put their home on the market and buy another property at interest rates in the 6 to 7 percent range due to the higher costs involved. nbsp;So the higher interest rates have created a very limited number of homes coming on the market which is causing a high demand for these homes and in turn is driving prices to continue going up. nbsp;Thus, having higher interest rates are creating higher prices in our real estate market which is counterintuitive to the Feds purpose in trying to lower prices. nbsp;How long this will continue will be interesting as the Feds have indicated that there are more interest rate hikes that are expected in November and/or December of this year.


One of the ways to circumvent these higher rates is to offer an incentive to buyers who are getting a loan and offer to buy the rate down. We initially saw this with new home builders as they do a lot of their own financing and thus are able to work with buyers and getting slightly lower rates. nbsp;Now, we are starting to see this with some sellers that are willing to give the buyer a credit in order to buy the interest rate down. nbsp;How this works is that the seller finds out from the buyers lender how much it would cost to bring down the interest rate by however much the buyer is looking to get a loan. nbsp;I think we will start to see this method being used when interest rates continue to go up as many sellers in todays market are still able to sell their home for record prices without using this method.






 ]]> </description>
    <pubDate>Fri, 29 Sep 2023 12:57:00 -0700</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/shorecliffs-walk-to-the-beach-homes.html</guid>
    <link>http://www.sanclementerealestate.com/blog/shorecliffs-walk-to-the-beach-homes.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>Shorecliffs Walk to the Beach Homes </title>
    <description> <![CDATA[ 
One of the hottest neighborhoods right now is the Shorecliffs San Clemente community. nbsp;Over the last several months that have been record sales in this community that have topped over $2 million dollars and this trend continues into the first months of 2023. nbsp;One reason for these high prices is the new community of Socorro Shores which features brand new construction homes that some were finished in 2022. nbsp;These are larger homes that can span over 4,000 square feet of living space with larger and attractive lot sizes. nbsp;One of the huge selling points for these homes is that they advertise low homeowners association dues with no Mello-Roos tax. nbsp;If you are buying a new home and can avoid paying an annual Mello Roos tax which can span over 30 years then that is a huge plus.nbsp;We have put together a list of the last 50 homes that were sold in the Shorecliffs community to get a better idea of market trends here. nbsp;All of these are sold properties that are indicated as S (Sold) in the status section.





The biggest trend we are seeing in this community are for those homes that offer some kind of a view are being fixed up and then sold for really great prices. nbsp;For example, the community just had a sale a couple weeks ago at 215 Via Socorro that was listed at $2,229,000 and ended up selling for $2.3 million after being on the market for 23 days. nbsp;This was a smaller home with four bedrooms and 1,779 square feet but was renovated very nice in the Farmhouse style. nbsp;A couple months before that there was a stunning home that had been renovated to look like a newer home that offered 2,525 square feet and ended up selling with multiple offers at $1,999,000. nbsp;Even though the market activity has slowed down in the recent months we are still seeing a lot of homes selling within 30 days and often with multiple offers if priced correctly. nbsp;This is due in fact to the low inventory of housing in San Clemente combined with a lot of cash buyers. Please call us at 949-204-5110 for additional questions.






 ]]> </description>
    <pubDate>Wed, 15 Feb 2023 11:28:00 -0800</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/sea-summit-aqua-ocean-view-homes.html</guid>
    <link>http://www.sanclementerealestate.com/blog/sea-summit-aqua-ocean-view-homes.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>Sea Summit Aqua Ocean View Homes</title>
    <description> <![CDATA[ 
When occasionally see ocean view listings come up in the newer Sea Summit Aqua community in San Clemente which has seen an increase in real estate prices since they were first built.in 2016. nbsp;The neighborhood is one of the first communities located in Sea Summit that is also located next to the community pool and clubhouse for all for neighborhoods to use in Sea Summit. nbsp;The homes located in the Aqua neighborhood are different than those located in the other three neighborhoods as they share a common wall with a neighboring home unlike the other neighborhoods that offer fully detached single family homes. nbsp;When you first drive into the Sea Summit Aqua neighborhood you will notice that the homes along the perimeter on the west side of the street will have the best opportunity to offer some kind of an ocean view. nbsp;I have personally walked through many of these homes and I can tell you that the number of really good view properties is limited here. nbsp;With that being said there are still some nice resale properties that do offer ocean views that due come on the market from time to time. nbsp;Below is a chart that shows all of the ocean view home sales in Aqua that have occurred in our multiple listing service since they were first built.





There are currently two ocean view properties that offer an ocean view which currently start at $2,685,000 for a three bedroom property with an approximate 2,296 square feet of living space. nbsp;It boasts a panoramic 180 degree ocean view and located at the end of a cul-de-sac. nbsp;There is also another ocean view property listed at $2,699,500 which also features three bedrooms with an approximate 2,296 square feet. nbsp;One thing to keep in mind when looking for an ocean view property is here is the road noise below. nbsp;Properties that are typically locate on the perimeter of the neighborhood that offer a view can also be located next to the street below. nbsp;These streets are for those that live in other neighborhoods so its not super busy all of the time but it something to keep in mind if you are noise sensitive. nbsp;The market has really changed from earlier in the year so my gut is that more sellers are willing to negotiate to get their home sold in this kind of a market. nbsp;For any questions regarding the Sea Summit community please call us direct at 949-204-5110.






 ]]> </description>
    <pubDate>Tue, 29 Nov 2022 09:29:00 -0800</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/villagio-san-clemente-ocean-view-homes.html</guid>
    <link>http://www.sanclementerealestate.com/blog/villagio-san-clemente-ocean-view-homes.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>Villagio San Clemente Ocean View Homes</title>
    <description> <![CDATA[ 
If you are in the market for an ocean view home at attractive price points in San Clemente then is a community in the Rancho San Clemente area that is worth a look. nbsp;The community is called Villagionbsp;which offers many two story Mediterranean style homes that are located within a short 5 to 7 minuted drive down to the Ole Hanson State Beach area depending on traffic. nbsp;What I love about this community is that is has historically offered some of the best real estate values for single family homes throughout all of San Clemente. Its important to note that there are only a few select properties in this community that will offer nice ocean views and theynbsp;typically will command a premium in price. nbsp;A perfect example of this is a new listing that just came on the market that offer really nice ocean views as pictured below. nbsp;It features a total of three bedrooms, three baths with an approximate 1,831 square feet of living space. nbsp;This particular home was originally built in 1985 and is currently on the market for sale at $999,000.





Real Estate prices in the Villagio community have ranged between the low $800,000 to the low $1,100,000 range in recent years. nbsp;The range in pricing depends on a lot of factors like the location where the home is located, does it have any kind of a view, size of the home and the overall condition of the property. nbsp;We have put together the last 25 sales in this community in the sales chart below to help determine the value of any given home in Villagio. nbsp;This is especially helpful for sellers who are thinking bout selling in this community and want to know prior sales history as well as home buyers trying to figure out if any given property is a good deal or not. nbsp;Please keep in mind that the year 2021 was a record year for home sales and with the rise of interest rates we are starting to see the beginning of real estate prices softening in a lot of communities throughout San Clemente. nbsp;Its still a great time to buy as long as you can get the seller to buy down the mortgage interest rate and also secure a great price as well. nbsp;For questions regarding buying in this community please contact our local San Clemente Real Estate agents at 949-204-5110.






 ]]> </description>
    <pubDate>Tue, 18 Oct 2022 13:53:00 -0700</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/most-expensive-san-clemente-homes-sold-in-2020.html</guid>
    <link>http://www.sanclementerealestate.com/blog/most-expensive-san-clemente-homes-sold-in-2020.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>Most Expensive San Clemente Homes Sold in 2020</title>
    <description> <![CDATA[ 
The year 2020 will remembered for a variety of reasons and was surprisingly a good year for real estate in San Clemente, California. The market was good for the first couple of months at the beginning of the year and slowed down dramatically due to the nationwide shut down that occurred in March and April. nbsp;Of course, that didnt last long as COVID19 caused many home buyers the urgent need to find another home that was more suited for staying at home. nbsp;We experienced a lot of buyers coming from the big cities looking to own a home with more land and more interior space. nbsp;Low mortgage interest rates also helped increase the buying power and we started to see multiple offers on many properties in the summer and fall months. nbsp;There were three large sales that occurred in San Clemente which all of them were over the $5 million dollar price point and all located in the Cyprus Shore area of San Clemente. nbsp;This a very popular community located in the very end of the Southwest San Clemente area filled with 4 different gated neighborhoods.


Two of the top 3 sales for 2020 where actually located next to each other on Vista Blanca street in San Clemente. nbsp;3824 Vista Blanca was originally listed for $5,777,8888 and was on the market for only 46 days and closed escrow on 11/23/20 for $5,400,000. nbsp;This property had a lot of interest from multiple buyers due to its bluff front location and attractive price point. nbsp;The home featured five bedrooms, six and a half baths with an approximate 6,907 square feet of living space on two different levels and came with an attached three car garage.





The other sale that was located next door was located at 3822 Vista Blanca. nbsp;This home was on the market for $6,450,000 and sold after being listed for sale for 11 days. nbsp;This was a large home of the two with a total of six bedrooms, five and a half baths with an approximate 8,004 square feet of living space. nbsp;This was also located in the gated community of Cyprus Cove and was located on the bluff front with spectacular ocean front views. nbsp;The video link below shows how spectacular this home is and the wonderful ocean views that can be seen from this location.





The highest sale in 2020 in San Clemente was located in the gated community of Cotton Point Estates which is located within the Cyprus Shore gated community. nbsp;4085 Calle Isabella sold for the full asking price of $6.6 million and closed escrow on 11/23/20 while being sold off market . nbsp;This often happens when a real estate agent knows of a potential seller who wants to sell and a potential buyer who wants to buy and pairs the two of them together and procures a sale. nbsp;This was a six bedroom, five and a half bath home with an approximate 7,152 square feet of living space. This unique thing about this location is that its super secure as you have to go through one 24 hour guard gated entrance then through a second gated entrance to get to this home. nbsp;If you are a surfer then the world class Trestles surf break is also just minutes away as well.






 ]]> </description>
    <pubDate>Tue, 15 Dec 2020 13:03:00 -0800</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/san-clemente-homes-that-are-priced-to-sell.html</guid>
    <link>http://www.sanclementerealestate.com/blog/san-clemente-homes-that-are-priced-to-sell.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>San Clemente Homes That Are Priced To Sell</title>
    <description> <![CDATA[ 
What a difference a couple of months make when looking at San Clemente real estate market. nbsp;COVDI19 has really changed the landscape of the marketplace and has actually caused the reverse of what most people think would happen. nbsp;We get a lot of calls from buyers thinking they can get a big discount on real estate since they feel the overall economy has taken a hit due to the large number of jobs that were lost. nbsp;In fact, the opposite has happened to the real estate market. nbsp;The inventory of homes on the market for sale was low before COVID19 and because of the pandemic there are even less sellers wanting to put their home on the market. nbsp;Given the high demand of buyers that still want to buy in part to the very low interest rates there is almost a bidding war when new properties come on the market.


Its not uncommon now to see multiple offers on properties that are priced at market value. nbsp;The COVID effect has turned this market into a sellers market with an even more lower inventory of homes on the market for sale.nbsp;Homes that marketed as priced to sell are getting a lot of attention right now since homes that are priced correctly are getting a lot of activity. nbsp;This is also true for vacation rental properties this year as many clients are tired of being stuck in their homes and would rather spend time in a luxury vacation home. nbsp;Its unique that something that would normally depress a real estate market has actually made it even stronger. nbsp;If you are thinking about buying a home in the San Clemente area please contact any of our local real estate agents at 949-204-5110 today.






 ]]> </description>
    <pubDate>Tue, 16 Jun 2020 10:36:00 -0700</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/most-expensive-san-clemente-homes-sold-in-2019.html</guid>
    <link>http://www.sanclementerealestate.com/blog/most-expensive-san-clemente-homes-sold-in-2019.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>Most Expensive San Clemente Homes Sold in 2019</title>
    <description> <![CDATA[ 
This has been a great year of real estate in San Clemente with over 900 homes selling in this calendar year. nbsp;The strength of the economy and the stock market has resulted in a very active market with higher sales than the previous year. nbsp;There were a total of seven homes that sold for $4 million dollars or more with the top sale over the $6 million dollar price point. nbsp;December is typically one of our slower months but many agents whom I have spoken with think its been the busiest December that we have had in recent years. Here is a quick guide to the highest homes sales in San Clemente for 2019.


The highest sale this year occurred in the Cyprus Cove community which sold before it even came on the market. nbsp;This was a newly designed home by James Glover who has done some amazing homes. nbsp;The five bedroom, four bath home featured 4,728 square feet of living space and was located one street back from the ocean front with wonderful ocean views. nbsp;The home truly incorporated top of the line finishes and details throughout the home with a warm Contemporary feel to it with a lot of wood accents. nbsp;Cyprus Cove is a 24 hour guard gated community in the Southwest San Clemente area with a private walk to the beach location. nbsp;Amenities include a community pool, tennis court and clubhouse.





The next highest sale was actually a residential ocean front condo that sold for $4.5 million dollars. nbsp;San Clemente has come a long way in condo sales with this stunning condo located on the ocean front street of Buena Vista. nbsp;The 3 bedroom condo featured an approximate 3,500 square feet of living space and was newly constructed and completed in 2019. nbsp;The condo is located in a complex of 4 residential condos with the other 3 properties still available for sale. nbsp;Those condos are currently listed between $3,995,000 to $4,695,000. nbsp;Some of the highlights in this sale included 10 foot ceilings, disappearing glass doors to take in the ocean views and a gourmet kitchen that would rival any professional chefs kitchen. nbsp;Of course, no expensive was spared with the custom bathroom and finishes throughout the home.





The third highest sale was located in the new Sea Summit community in San Clemente that is located on the ocean side of the 5 freeway. nbsp;The four bedroom home was originally listed at $4.8 million and sold for $4,425,000 after being on the market for a total of 93 days. The home featured wonderful ocean views with an approximate 4,179 square feet of living space on a 8,447 square foot lot according to our multiple listing service data. nbsp;The Tuscan and Mediterranean designed home was completed in 2017 and truly embodies the wonderful upgrades and views you can find in Sea Summit. nbsp;The floor plan incorporated a main floor bedroom with 3 additional bedroom located on the upper levels with fantastic views. nbsp;The lot was large enough to accommodate a resort style pool complete with a 3 car attached garage. nbsp;The good news for buyers is that we are starting to see more re-sale homes coming on the market in Sea Summit with price ranges starting at $1 million dollars.





Below are some of the most expensive homes listed for sale in San Clemente. nbsp;Please contact any of our local San Clemente Real Estate agents at 949-204-5110 for information on any of these luxury properties.



 ]]> </description>
    <pubDate>Tue, 10 Dec 2019 16:41:00 -0800</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/san-clemente-below-market-homes.html</guid>
    <link>http://www.sanclementerealestate.com/blog/san-clemente-below-market-homes.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>San Clemente Below Market Homes</title>
    <description> <![CDATA[ 
We see some agents advertise homes as below market here in San Clemente. nbsp;Whenever we see a listing like this we always wonder if its truly priced below market, and if it is what is wrong with the property? nbsp;Some real estate agents will price a home very aggressively that is slighting below recent sales comps to generate a lot of interest. nbsp;This results in multiple people interested in the property which causes the price to get bid up. nbsp;For example, if the home is worth $1 million but the agent prices it at $850,000 to lure buyers into the property while hoping that several people will place bids on the home driving the price above the $1 million price point. nbsp;Sometimes this does work and sometimes this backfires causing the home to sell less than what it should have.


A current example of a home being advertised as below market is the home listed at 401 Via Presa in San Clemente. nbsp;The agent writes Priced below market This will go fast according to the listing description. nbsp;Its a two bedroom, two and a half bath condo listed at $597,500. nbsp;After looking at the photos and reading the property description there is no mention of the home needing work and the finishes look nice on the photos. nbsp;The next step is to take a look at the comps to see what the recent sales are in this community called Vilamoura. nbsp;In the last 6 months there has been 3 sales in Vilamoura for 2 bedroom units ranging from $589,000 to nbsp;$684,438. nbsp;Its important to note that there is a variety of 2 bedroom condos that range in square footages. nbsp;The lower priced sale at $589,000 was at 1,434 square feet with the sales starting at $615,000 were with a large square footage units at 1,547 square feet. nbsp;The property thats listed for sale at 401 Via Presa has the smaller square footage at 1,434 square feet so the current list price of $589,000 is not actually below market value as its equal to one of the recent sales that sold for $589,000 as well with the exact same square footage.


Whenever you see a home advertised as below market value make sure to take this on face value only. nbsp;Real Estate agents will say a lot of things to get a home sold but its important to know what homes have recently sold in any particular community. nbsp;Our San Clemente Real Estate agents can quickly let you know if a home is truly below market and considered a good deal. nbsp;For more information on buying home please contact us at 949-204-5110.



 ]]> </description>
    <pubDate>Tue, 08 Jan 2019 15:46:00 -0800</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/san-clemente-seller-motivated-homes-for-sale.html</guid>
    <link>http://www.sanclementerealestate.com/blog/san-clemente-seller-motivated-homes-for-sale.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>San Clemente Seller Motivated Homes For Sale</title>
    <description> <![CDATA[ 
The real estate market is constantly changing, especially over the last 8 years. nbsp;We have seen a real spike in real estate prices but the San Clemente real estate market is seasonal so our high selling season starts in January and usually continues through mid September. nbsp;In the fall and winter months through Christmas the market can be relatively slow, and this even magnified more as the presidential elections have everyone in a holding pattern. nbsp;Some of the best deals can be found in these 4 months with sellers that need to sell their home. nbsp;These seller motivated homes have the potential to be good opportunities for buying a home at a good price. nbsp;There are certain things to look for when buying a home in San Clemente.


First, know your comps. nbsp;Your real estate agent should be able to send you a list of sold properties in the immediate area where the home you are interested is located. nbsp;Comparable sold properties should only be looked at going back six months since appraisers typically go back this far when assessing the value. nbsp;Its important to compare similar properties and take in to consideration the upgrades or deficiencies the home may have compared to the home you would like to buy. nbsp;Once you have a ballpark of what the home is worth be prepared to put in a strong offer slightly lower than market value to see what kind of deal you can get. nbsp;Make sure you have a letter from you lender showing that you are qualified to purchase the home and include that with your offer.


Sometimes sellers are motivated to sell for a variety of reasons. nbsp;Job transfer, divorce, moving out of state are always motivating factors that cause sellers to want to sell their home. nbsp;Its important to consider other motivating influences that you may not be able to see. nbsp;Neighborhood noise, slope problems and general defects in the house may also be factors in wanting to sell. nbsp;Do your due diligence in checking out the area and home before you write up an offer. nbsp;Ask a lot of questions if you can to the owners agent, neighbors and even the homeowner if you get a chance. nbsp;The more information you can find out about a property the better negotiating power you will have.


Finally, use the seasonal market here in San Clemente to your advantage. nbsp;The months of October, November and December are excellent months to buy a home. nbsp;Come the first of the year the market typically gets very busy with many buyers realizing they must buy for tax purposes. nbsp;The only downside to buying this time of year is the low inventory of homes on the market. nbsp;Most sellers will take their home off the market during this time due to the low activity and usually re-list them starting in January and February. nbsp;For additional questions regarding the real estate market here in San Clemente please dont hesitate to call us at 949-204-5110.






 ]]> </description>
    <pubDate>Fri, 14 Oct 2016 10:43:00 -0700</pubDate>
</item>
<item>
    <guid>http://www.sanclementerealestate.com/blog/san-clemente-condo-prices-on-the-rise.html</guid>
    <link>http://www.sanclementerealestate.com/blog/san-clemente-condo-prices-on-the-rise.html</link>
        <author>bcre@me.com (Sam Smith)</author>
        <title>San Clemente Condo Prices On The Rise</title>
    <description> <![CDATA[ 
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. nbsp;This is especially true to residential condos that currently starts at $405,000 for a non-view two bedroom condo. nbsp;These prices are very reminiscent of 2007 when prices were at the top of the market right before the housing market crashed. nbsp;The biggest thing moving the market right now are low interest rates and the consumer feeling positive about the economy. nbsp;With that being said there is a lot of anxiety of what will happen next year. nbsp;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. nbsp;This is further backed up by the Feds wanting to increase interest rates which appears will happen at the end of 2016. nbsp;The elections are another variable that needs to be taken into consideration depending on who wins. nbsp;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. nbsp;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. nbsp;


For those who are thinking about buying a condo that cheapest place to find a condo is in the Vista Pacifica complex. nbsp;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. nbsp;Getting comps to support that number was really tough but we were able to get the deal closed. nbsp;Since this record sale there have been many condos listed above the $400,000 price point, mainly those that had some kind of view. nbsp;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. nbsp;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. nbsp;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. nbsp;Im not sure if thats what the Feds will want to do but It seems like an interest rate increase is almost certainly on the horizon. nbsp;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.



 ]]> </description>
    <pubDate>Thu, 29 Sep 2016 15:20:14 -0700</pubDate>
</item>
    </channel>
</rss>