$510,000 - 129 Avenida Princesa, San Clemente

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…

I have a client that is coming into town and is looking to buy a home or condo for under $1.5 million.  When doing a search this morning it was evident that there were not a lot of quality properties on the market even with this healthy price range.  Properties listed between $1 to $1.5 million were predominately single family detached homes spread throughout the Talega, Forster Ranch, Rancho San Clemente and the San Clemente North neighborhoods.  There was no one property that really stood out as a great deal in a great neighborhood but more like average to good homes in neighborhoods my client was not interested in living.  The Talega area was automatically out due to the conformity of tract style homes that look to similar to…

The San Clemente real estate market has still seen monumental sales even with the shifting real estate market this year.  The majority of the highest sales took place earlier this year in March and April was well as the summer months June through August, all of them located in the desirable Southwest San Clemente area.  Often times, the highest sales are dealing with cash buyers who are not effected by the higher interest mortgage rates that we have seen this year.  For the most part many properties in the San Clemente area did see a slow down with some price reductions necessary in order to get a home sold while other well positioned properties still saw multiple offers.  Even with the shifting market the number of homes on the…

The Southwest San Clemente area is often considered one of the best neighborhoods in San Clemente near the beach due it's unique collection of various types of single family homes.  In the last several years we have seen a lot of construction in this area due to the rising real estate prices and the need for more housing inventory.  In the last week 2 new brand new construction listings have come on the market in. Southwest San Clemente for a total of 3 homes on the market that were built in 2022.  We have actually been waiting for these homes to come on the market since they have both been under construction for some time now.  The unique part about these 2 new listings is that they are located right next to each other on the street…

San Clemente is well known for having some amazing ocean front homes but which location is considered the best?  When buying a home in San Clemente we like to break the down the city into the different areas.  A quick drive through these areas is probably the quickest way to decide where you would like to like.  When is comes to living on the ocean front and want a single family home there is no better area than the Southwest San Clemente neighborhood.  In this area is a street called "Calle De Los Alamos" is where you will find some stunning ocean front properties that overlook the beach.   This is not the only street in the SW San Clemente community that offers ocean front views so make sure to also consider streets like…

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…

One of the premier bluff front locations is located in the Southwest San Clemente area with a small condo complex known as Sea Pointe Villas.  If you are family with San Clemente then you have probably been down to the State Park area.  Just above the park is a circular street known as "Avenida Montalvo" and "Avenida Lobiero" which meet as the street loops around the area where some of the best bluff front ocean view condos can be found in San Clemente.  Sea Pointe Villas is located right at the Botton of the loop and can have stunning white water views.  The complex itself is very small so don't expect to see a lot of listings coming on the market and any given time.  We did some research on the past listing history for this…

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…

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.  Of course, that didn't last long as COVID19 caused many home buyers the urgent need to find another home that was more suited for staying at home.  We experienced a lot of buyers coming from the big cities looking to own a home with more land and more interior space.  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.  There were…

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…

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…

One of the newest developments to hit the San Clemente Real Estate marketplace is the Ten10 Santiago complex in San Clemente. We have been watching this construction for a long time and it's exciting to finally start to see the final product.  The location is right in the heart of Southwest San Clemente area near the Ralph's shopping center.  The address is located at 1010 S El Camino Real at the corner of Santiago street, hence the name 1010 Santiago.  Several weeks ago they had their first open house and the design and attention to details is what you would expect from a new construction condo.  The condos sit ideally over the houses in the Southwest San Clemente area with great ocean views.   We have included a virtual…

This has been a great year of real estate in San Clemente with over 900 homes selling in this calendar year.  The strength of the economy and the stock market has resulted in a very active market with higher sales than the previous year.  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.  December is typically one of our slower months but many agents whom I have spoken with think it's 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.  This was a newly…

There is one thing that is true about real estate no matter where you decide to buy and that is always about location.  You can always change the interior of the home but you can never change the actual location of the land that the property sits on.  This is also true for homes located on a corner lot as these types of properties are considered prime real estate here in San Clemente.  One of the main reasons why homes on corner lots are so desirable is having only one neighbor to the side of you.  If you like having extra privacy then this is type of property that will give you the extra space that you are looking for. There are also other factors as well.  Homes on corners lots tend to be typically larger than other…

Arguably, one of the best neighborhoods in San Clemente is the Southwest San Clemente area.  What makes it so desirable is you won't find two homes that look exactly the same which has not been the trends for new construction homes.  Many of the new neighborhoods in San Clemente are considered tract communities that alternate between 3 to 4 different floor plans with every third or forth property looking the same.  This is not the case in the Southwest area as every home was custom built by owners who live there.  Many of the original beach homes still exist while many have been converted into much larger homes which tends to be a trend in real estate nowadays.   Rental prices for single family homes will typically start at…

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…

Southwest San Clemente is widely considered one of the best neighborhoods in San Clemente by many who live here.  While the community is predominately filled with residential homes there are also some nice condo and townhouses located in this area.  One of the best places to look is near the State Park area which has a large number of oceanfront, ocean view and residential condos.  A perfect example of this is a new listing that just came on the market at 268 Avenida Montalvo #1 in San Clemente.  The two bedroom condo features two levels of living space with a total of 1,648 square feet.  It comes with an attached two car garage and features wonderful ocean views as well as coastline views looking towards Dana Point.  It's…

There are always seems to be a limited number of historic homes for sale in San Clemente at any given time but this is often not the case when looking to rent one of these older homes.  The main concentration of these historic homes can be found near the city center which is commonly referred to as downtown San Clemente. This is the main area that leads down to the San Clemente Pier where many great restaurants and shopping can be found.  The downtown area offers a good mixture of apartments, condos and residential homes with a huge number of rentals available at any given time. What to expect for rental prices for historic properties?  The most affordable rentals with be studio apartments located in a historic property.  These…

San Clemente is a small beach town filled with many great neighborhoods and homes.  For the most part real estate tends to be less expensive the neighboring cities to the north like Dana Point & Laguna Beach.  In years past we have seen some pretty big sales that have sold for over $7.5 million dollars with home located in upscale ocean front communities like Cotton Point Estates, the former neighborhood of the Western Nixon White House.  In 2018, real estate sales have gone up to $4.1 million dollars as the highest sale this year here in San Clemente.  The sale occurred 4008 Calle Marlena which closed escrow on 08/19/2018 and located in the guard gated Cyprus Shore community in the Southwest San Clemente.   The home was…

Located at 206 Avenida Montalvo in San Clemente is a small condo complex known as "Villa Montalvo Vista."   The location is at the beginning of the Lobeiro loop which is a one one way street that starts out as Avenida Montalvo and then loops around to the street Avenida Lobeiro.  Many of the homes located on the ocean side of both of these streets will offer nice ocean views and is within walking distance to the San Clemente Beach Park area.  Villa Montalvo Vista will have limited views since it's located at the very top of the street that has many large tree's and homes in front of it.  The builder decided to build on this lot in 1991 due to its prime location within the Southwest San Clemente neighborhood.  The builder built…