San Clemente Real Estate Market Trends
There are currently 412 residential homes for sale in San Clemente.
View Market Trends Graph that shows monthly Active, Pending and Sold history from 2007 to Feb 2009 at San Clemente Market Trends Graph.
June 2011 vs. June 2010 San Clemente Market Statistics
The San Clemente average sales price decreased by 3% to $638,541 in June 2011, compared to $659,103 in June 2010, and down by just over 6% when compared to $685,425 in May 2011. The number of Sold properties increased by over 4%, to 89 compared to 85 a year ago. The number of San Clemente sold properties January 2011 through June 2011 was 434 (view the latest sold homes and condos at San Clemente sold properties last 30 days). The Market for San Clemente homes for under $800,000 has continued momentum due to available FHA loan limits. Out of the 438 sold properties, 77%, or 337 were $800,000 or less. Interest rates remain low, so many homes get multiple offers, particularly short sale and REO property. First time buyers continue to write offers to take advantage of the low 3.5% down FHA loans. Some lenders are even granting a down payment of 3%.
As of July 17, 2011, there are currently 115 San Clemente properties listed for sale over $1,000,000 and 275 are offered under $1,000,000. Of all of those 390 properties, 99 (over 25%) are offered as short sales, bank owned or in the foreclosure process. The Talega area has 34 properties, or over 38%, offered as bank owned or short sales out of the total of 89 properties for sale in all of Talega.
For the first half of the year, January through June 2011, San Clemente had 434 homes sold at an average sales price of $664,439, with 126 average days on market. For the first 6-months of 2010, the average sales price was $697,335 which was 105% higher when compared to the first 6-months of 2011.
For the full year, January though December 2010, a total of 811 San Clemente residential properties sold at an average price of $702,772. While the average price remained about the same as in 2009, the number of sold properties increased 43, or by almost 6%.
For January through December 2009, there were a total of 768 homes sold in San Clemente with an average sold price of $707,242 and an average of 106 days on market.
Short Sale and Bank Owned property in San Clemente are not as abundant as many other Orange County Cities. However, Talega Short Sale and Bank Owned property, in one of the newest areas of San Clemente, has an abundance of distressed properties listed for sale, many offered with a dramatic drop in price (40-50% below prices at the height of market) as banks try to dispose of inventory.
Is now the time to buy a good deal in San Clemente? Take a look and you decide. It is still one of the most affordable ocean, beach front cities in Orange County. It's all about lifestyle!
Yearly Comparison San Clemente Market Statistics
Year | New | Sold | Average | Average |
June 2011 | 125 | 89 | $638,541 | 109 |
June 2010 | 154 | 85 | $659,103 | 113 |
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