Jun
30
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One of the biggest trends in the San Clemente Real Estate market is the rise in furnished rentals. There is currently a large inventory of homes and condos being offered as furnished rentals but there are many things to consider before renting a home. Most of the furnished rentals are typically on short term basis but this is not always the case. Over the last several years we have started to see more yearly furnished rentals coming on the market. These are ideal for those moving into the area that don't have furniture and looking for a home that has already been furnished for them. Normally furnished rentals will command a premium in the rental price but this typically is not the case for yearly furnished rentals.…
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Sep
29
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Rising Interest Rates has become a problem for those looking to get a mortgage when buying a home in today's real estate market. These higher rates were intended to slow down pries and inflation but the actual opposite as happened. Due to low inventory, we have what they call shelter inflation which is reaction to the Federal government raising interest rates. It's 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. So the higher interest rates have created a very limited number of homes coming on…
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Nov
16
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One year after the global pandemic has shown has resilient the real estate market can be in Southern California. I think a lot of people were really surprised how strong the market was in 2021 during the summer and fall months and really couldn't imagine it becoming any stronger than it did. In fact, 2021 was one of best real estate markets we have had in the last 20 years with many properties selling in just a matter of days of being on the market with multiple offers on a lot of homes. San Clemente was no exception as we saw the most expensive home ever sold in San Clemente history for over $33 million dollars. Here is a quick rundown of the most expensive homes sold the year up to this point. 4130 Calle Isabella was the…
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May
18
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San Clemente is an older beach town down that dates back to the 1920's when the homes were first built here. Since many of the neighborhoods in San Clemente have been around for a long time you won't typically find any Mello Roos in these neighborhoods. Mello Roos is a bond that is associated with brand new communities as a way of passing on the costs to the homeowners associated with building a new neighborhood. Builders are always looking for ways to minimize the costs when building homes and creating a Mello Roos bond which typically goes for 25 to 30 years and is smart way for them to avoid the costs associated with building streets, sidewalks, etc in a new community. Most buyers don't like this added extra cost when buying a…
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Nov
4
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San Clemente offers a wide variety of neighborhoods to choose from the downtown San Clemente area that was originally built staring in the 1920's to newer areas like Talega that started constructions approximately 20 years ago and has spanned over 40 different communities. The one thing that all of these homes have in common is offering homes that are located on cul-de-sac streets. When looking for a home most buyers have a bucket list of items that they want to have in their new home. Location is typically at the top of the list when a client wants to live in a certain neighborhood or an area that is approximately that is a certain distance to the beach. Many times buyers will also want to have a private location which a…
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Sep
10
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The San Clemente Real Estate market in the last three to four months has been really crazy as buyers are bidding against each other when new listings that are priced well come on the market. Many thought COVID would bring the real estate market down but it has actually had a reverse effect and the market has never been stronger. One of the biggest issues is limited inventory which has been a problem for the last two to three years in San Clemente and has become even more limited due to COVID. What many buyers are doing is looking for homes that are not on the market yet but will be coming on the market soon. These listings that were once only limited to real estate agents are now available to the general public.
One of the…
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Mar
16
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San Clemente has many different neighborhoods that can offer private backyards if you know where to look. It seems like the latest trend in real estate is to build new homes close to each other which sometimes seems to come in the lieu of offering privacy between properties. For the most part it's always best to look in older and more established neighborhoods as these were often built on larger lots. This is especially true for some sections of the Forster Ranch and neighborhoods by the beach in San Clemente.
The first place we recommend looking is the Forster Ranch of San Clemente. While this area isn't the oldest community in San Clemente, homes in this area are well known for having large over-sized lots. This is…
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Nov
7
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San Clemente has a large number of properties on the market for sale right now that are being marketed as fully furnished. This is becoming a big trend in selling a home How exactly does it work? For starters, there are various degrees in which an owner can decide to sell a home. We see some sellers offering select pieces of furniture to be included in the sale while others will offer completely everything including kitchen plates and silverware. One of the first things you should do it make a quick estimate on how much the furniture would cost if you were to buy it.
It's important to also factor in the selling price of the home as well. If the home is priced correctly and listed at a price point of where…
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Jun
6
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One of the benefits of living in the Southern California is the sunny weather we get to enjoy pretty much all year around, except for the June gloom that that occurs every year. Many residents have used this benefit to aide in going green and using solar panels as an alternative to electricity. The technology in this field has drastically changed over the years and as a result has become more affordable. Many homes in San Clemente are installing solar panels on their roofs which has become a huge selling point when it comes time to sell. Markeing a home with solar panels really does appeal to those who want to live a more green focused living and for those who are also cost conciecous who want to save money.
There are…
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Mar
5
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When I first got into real estate over 20 years ago I always heard the word "turnkey" and had no idea what people were talking about. It seems like its a favorite word among real estate agents for describing a home that is in excellent condition. it wasn't later that it was explained to me that it literally meant turn the key in the door and leave without any concern about something falling apart or not working correctly. Once I got this explanation it started to make sense but I still feel like it's a word that is over used by the real estate community.
Nevertheless, it's a short way to describe a home that needs little to no work done on the home. Basically, bring your touthbrush and move right in. This is especially…
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Apr
11
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Real Estate agents have a special day when they get to preview brand new listings that come on the market in the San Clemente real estate market place. This is called "broker preview" since real estate agents and brokers have the ability to view a large number of listings in a short four period. Often times, agents will spend just a couple minutes looking at a property and then drive on to the next property. This allows them to be able to see a large number of properties so they are better able to identify properties that may work for their clients.
The dates for properties located in San Clemente, Dana Point and San Juan Capistrano is every Wednesday from 9:30am to 1:30pm. Buyers are also welcome to attend these open houses and…
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Apr
27
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There are several new properties that have come on the market in the Forster Ranch area in San Clemente that offer tremendous value and opportunity. We consider this our best buy section as homes are selling very quickly in this price point in San Clemente.
This property is located in the secluded El Encanto area of Forster Ranch. It's a nice home with 4 bedrooms located on a cul-de-sac street and just came on the market 7 days ago. Listed for sale at $885,000 with 2,519 square feet, the home is priced at $351 per square foot. The nice part about this home is the corner lot location that features 8,398 square feet. Average size lots in San Clemente average 5,000 square feet so this is a larger than normal size lot. The home has true pride of…
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Mar
23
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The El Encanto San Clemente community has always been known to have large two story homes located on over sized lots here in San Clemente, California. When buyers come into town looking for a home in the $700,000 to $800,000 range we love to show them this neighborhood. When compared to other beach homes in this same price range, El Encanto homes will almost be double in size when comparing square footage of the interior of the home. For this reason, home buyers looking for large homes for their families will consider homes in the El Encanto neighborhood. A good example of this is a new El Encanto home that just came on the market for $849,000 that features 3,000 square feet of living space. Some of the homes will have swimming pools in the backyard…
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