September 2011

There are 18 blog entries for September 2011.

California real estate sales and median price are predicted to improve only slightly in 2012, as the continuation of the tepid economic recovery, uncertainty about the future, and funding challenges for residential mortgages are expected to keep the market moving sideways, with little foreseeable momentum in either direction, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 California Housing Market Forecast” released today. 

The forecast for California real estate sales next year is for a slight 1 percent increase to 496,200 units, following essentially flat sales of 491,100 homes this year compared to the 491,500 homes sold in 2010.

“Despite the run of unforeseen global events in the first half of this year that slowed the overall

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If Halloween rates high on your list of special holidays, there are numerous haunted houses, mazes, community hikes and tours in and around San Clemente to keep you busy!

Knott’s Halloween Haunt

The 39th annual haunt features scare zones, shows and live-action mazes including the Big Top of the Bizarre, Delirium, the Doll Factory, the Slaughterhouse, Dia de Los Muertos 3D, Virus Z and more. There also will be seven new live shows and hundreds of free-roaming monsters. 7 p.m.-1 a.m. Sundays, Wednesdays and Thursdays; 7 p.m.-2 a.m. Fridays and Saturdays Sept. 23-Oct. 31. Knott’s Berry Farm, 8039 Beach Blvd., Buena Park. $34-$51 presale; $57 day-of-event. 714-220-5200. haunt.knotts.com

Sinister Pointe

An independent haunted attraction that

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There were 16,290 Orange County CA foreclosures in August 2011, according to RealtyTrac.com. The average sales price of an Orange County home was $550,235 while the average sales price of a foreclosure home was $416,153, a $134,082 savings.

Orange County CA Foreclosure Activity and Home Price Index

Home price appreciation was 0.00% in August with 3,3665 new foreclosures.

 forecl-aug_2011_431

Orange County CA foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Orange County CA Foreclosure

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August 2011 statistics show San Clemente CA had 421 foreclosure homes with an average foreclosure sales price of $610,169 vs. an average sales price of $697,103, according to RealtyTrac.com, resulting in a $86,935 savings.

There were 63 new foreclosures in the 92673 zip code and 42 new foreclosures in 92672, for a total of 105 new foreclosures in San Clemente CA. 1 in every 210 housing units received a foreclosure filing in August.  

San Clemente CA Foreclosure Geographical Comparison

The San Clemente CA foreclosure rate was 0.30% above national rates, 0.04% above California rates, and 0.13% above Orange County rates in August.

sc_geo-aug_2011_437

San Clemente CA Foreclosures By Month

The number of bank-owned homes increased from 6 homes in July to 10 homes

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dp_historical_society_242Don't miss this spectacular tour of seven homes and gardens in Monarch Bay Terrace sponsored by the Dana Point Historical Society. You'll find yourself high on the hill with a panoramic view of the beach, golf course and grand hotels below and, in the distance, the Dana Point Headlands. Close your eyes and you are in a Mediterranean villa high above that famously blue sea. These elegant and charming homes on the hillsides of Monarch Bay Terrace will all be open to visitors on this rare occasion. And, a special treat: the distinctive  home, Olympia Pacific, built in 1964 and designated "The Home of the Future" will be open for the tour. You will enjoy the views, the architecture, the decor and gardens of these homes at this twelfth annual Home Tour. There…
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Just when the Orange County CA home prices were starting to improve, along comes another threat. Read this article from Fortune magazine:

FORTUNE -- The rancorous debate about how to address our escalating national debt has dominated the conversation in Washington lately. What isn't getting much attention inside the Beltway -- but should -- is a looming event that could have major consequences not only for your home's value but also for the overall economic recovery. Barring last-minute action by Congress, upscale housing is about to take another punch to the solar plexus -- just as it's struggling to stabilize.

At issue are the limits for so-called conforming mortgage loans that can be bought or guaranteed by Fannie Mae, Freddie Mac, and the Federal

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Let’s compare August 2011 to August 2010 San Clemente real estate sales to see what has taken place in our local market.

San Clemente Real Estate Market Trends - August 2011

San Clemente - 92672

Median Price: $562,500
Change from 2010: +27.8%

Number of Homes Sold: 31
Change from 2010: +19.2%

San Clemente - 92673

Median Price: $595,000
Change from 2010: -0.8%

Number of Homes Sold: 41
Change from 2010: -8.9%

Figures courtesy of DQNews.com.

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The Orange County CA Real Estate Report below reflects the number of resale single family residences and condos as well as new homes selling in Dana Point, Laguna Beach, Laguna Niguel, Mission Viejo, San Clemente and San Juan Capistrano. Also reflected is the % of change is from the same month last year.

Orange County CA Real Estate - August 2011

Orange County Community

Median
Price

Change From
2010

Homes
Sold

Change From
2010

 Dana Point - 92624

 $550,000

 +10.7%

11

 +10.0%

 Dana Point - 92629

 $581,500

 +7.5%

32

 +3.2%

 Laguna Beach - 92651

 $1,022,500

 -19.8%

 22

 -29.0%

 Laguna Niguel - 92677

 $439,000

 -22.6%

 111

 +27.6%

 Mission Viejo - 92691

 $410,000

 -8.9%

54

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Saturday is California’s 26th annual Coastal Cleanup Day, and you can help clean up trash and debris on San Clemente’s city beach around the pier starting at 9 a.m.

WHAT IS COASTAL CLEANUP DAY?
California Coastal Cleanup Day, an annual beach and inland waterway cleanup, is the state's largest volunteer event. In 2010, over 82,500 volunteers removed more than 1.2 million pounds of trash and recyclables from our beaches, lakes, and waterways. When combined with the International Coastal Cleanup, organized by Ocean Conservancy and taking place on the same day, California Coastal Cleanup Day becomes part of one of the largest volunteer events in the world.

WHY ARE BEACH CLEANUPS IMPORTANT? California's coast and waterways have historically been…
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The California Association of Realtors@ closely monitors and analyzes trends in the residential California real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.

market_at_glance_8-2011_580

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