San Clemente Real Estate market update

by vbindi on March 16, 2010

This is a statistical report for Active for Sale and Sold homes and condos in San Clemente. This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 267 detached single family homes for sale, with a median price of $895,000 and an average price per square foot of $380 . These homes are priced from a low of $399,999 for a 2 bedroom, 2 bath, 1,000 square foot home located in Central San Clemente . On up to a maximum price of $9,900,000 for a fine home incorporating 7 bedrooms, 10 baths, with 13,000 square feet of living area, which is located in the Cottons Point Tract.

For attached condos, there are currently 96 condos active for sale in San Clemente . The median price of these condos is $430,000 and the average price per square foot is $400 . These listed condos range in price from a low of $165,000 for a unit comprising of 1 bedroom, 1 bath, 438 square foot, that is situated in the Villa Pacifica Tract. Up to a maximum price of $3,495,000 for a roomy condo consisting of 4 bedrooms, 4 baths, with 3,180 square feet found in the Vista Pacifica Villas Subdivision.

For properties currently under contract in San Clemente there are 150 detached homes in escrow, and the median price is $750,000 . These detached homes range in price from a low of $415,000 for a 2 bedroom, 2 bath, 1,291 square foot property located in Central San Clemente. On up to a maximum price of $5,500,000 for a fine property comprising of 3 bedrooms, 3 baths, and incorporates an expansive 2,000 square feet of living area.

For condos, there are 71 units now in escrow in San Clemente , with a median price of $400,000 . These pending units range in price from $156,500 for a 1 bedroom, 1 bath, 438 square foot condominium, located in the Vista Pacifica Subdivision. On up to a maximum price of $1,550,000 for a fine condo consisting of 4 bedrooms, and 3 baths, with 2,600 square feet, found in Central San Clemente.

In the past 90 days, there have been 125 detached homes that have sold and closed escrow in San Clemente . These sold homes had a median price of $710,000 with an average price per square foot of $323 . These closed homes range in price from a low of $437,900 for a detached home comprised of 3 bedrooms, and 1 bath, with 1,112 square feet, and a maximum price of $3,340,000 for an estate property comprising of 5 bedrooms, 4 baths, and a spacious 7,521 square feet located in the Cyprus Shores Tract.

For the past 3 months, there have been 47 attached condominiums that have sold and closed escrow in San Clemente , California. The median price of these attached units was $375,000 and the average price per square foot was $330 . These sold condominiums ranged in price from a low of $159,900 for a 2 bedroom, 2 bath, 1167 square foot unit found in  Southwest San Clemente. And the maximum priced sold condo was $1,475,000 for a nice unit comprised of 3 bedrooms, 2 baths, and 1,730 square feet that is situated in the Casa De Marca Tract.

If you have any questions regarding real estate for sale in San Clemente , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in San Clemente .

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Santa Ana Short Sale Realtor market update.

by vbindi on March 16, 2010

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Santa Ana . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Santa Ana , California. The median price of these homes for sale is $349,900 and the average price per square foot is $240 . 142 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

There are now 178 condominiums listed for sale in Santa Ana . The median price for these listed condominiums is $150,000 and the average price per square foot is $184 . Of this total, 96 are short sale listings. The median price of these short sale units is $135,000 , and the average price per square foot is $163 . The ratio of short sale condo listings to the total listings is 34% .

For homes under contract, there are 393 detached homes in escrow on this date, and the median price is $302,900 . Of this total, 243 are short sales in escrow, which is 58% of the total detached properties in escrow in Santa Ana , and the short sale median price in escrow is $280,000 .

For condominiums in escrow, there are now 304 attached units under contract, with a median price of $140,000 . Of this number, 227 are short sales, which calculates to be 75% of the total pending units, and the median price is $139,900 .

In the past 3 months, there have been a total of 270 detached homes that have sold and closed escrow in Fullerton . The median price was $330,000 and the average price per square foot was $236 . Of this total were 74 were short sale properties in the city of Santa Ana in the past 3 months. This number of sold short sales is 19% of the total. The median price was $270,000 , and the average price per square foot was $213.

In the past 90 days, there have been a total of 187 condo sales with a median price of $140,000 , and an average price per square foot of $152 in Santa Ana. Also, there were 65 short sale condos sold, which was 27% of the total number of units sold in this period. The median price of the sold short sale condos was $130,000 , and the average price per square foot was $146 .

As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties.  This high rate of failure due to the lack of knowledge by the typical short sale listing agent.   This illustrates that Property owners who owe more than their home is worth, should work with an experienced Santa Ana short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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