the GREEN sheet | August 2018

A U G U S T 2 0 1 8

t he

GREEN sheet

TA L EGA’S RED-HOT RE A L E STAT E M A R KE T

AT EC H E LBE R GE R GR O U P, it's all ab o u t te am wo rk First and foremost, I want to thank you, the residents of Talega, for your continued support of our business and our team at Echelberger Group. We are grateful to be a part of your relocation process and we love supporting the Talega community. With my change to Pacific Sotheby's International Realty, I am often asked, “Why the switch?” I have one simple reason—to improve the experience for my clients. I want to expand the media where our properties reach and I want to be tied into the largest luxury network in the world.

I was lucky to be born in San Clemente, so it is easy to take our properties and lifestyle as the norm. We are nowhere close to normal when considering San Clemente on a domestic and global scale. From its entry-level condos to beach-front estates, San Clemente is all luxury in the minds of the world.

When representing our clients, it is important to remember this fact and treat our homes as such. I also believe that luxury is an experience, and providing the best experience to our clients is always our goal. Talega is the focus of my business along with the entire southern region of Orange County. The combination of my 24 years of experience and the powerhouse marketing of Sotheby's creates an enormous benefit for our clients and our market reach.

Providing a great experience was much easier when I first started as there was so much less to manage in a transaction.

There was no real estate internet, contracts and disclosures were under 20 pages, and marketing was making sure the car was out of the driveway when the MLS photographer drove by and snapped a photo of your house. I always wanted to provide a truly personal experience, so I hustled to please my clients while wearing all the hats of a transaction.

As my business grew and the world changed, maintaining that personal experience with my clients remained of utmost importance to me. I hired individuals that were experts in their fields of escrow, document management, photography and video, online marketing, print media and staging and design. I also added agents that have expertise in senior care, first-time home buyers, waterfront properties, and other niche markets in our area. These agents each have their own approach to doing business, and they ran into the same roadblocks of growth that I did. Together, Echelberger Group is their backbone—and mine.

As a team, we provide a higher level of service to each of our clients than I could ever do alone. It is still the core objective of my business to work one-on-one with my client while my team assists in the details of the transaction. Just managing the 40-plus media outlets alone would not allow me the time to properly expose a property while working closely with my clients. This team, my team, of select professionals allows me time to spend with clients personally, working on their goals and needs of buying or selling property.

We never forget that real estate has a face and that these are very personalized transactions. All of us at Echelberger group hope that you choose our team to work with on your next move.

More than 24 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby's International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

WE B EL I EV E LUXURY I S A N E XP E RI E NC E , NOT A P RI C E P OIN T We respect your time, and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can. For more information, or to be the first to learn about pocket listings, open houses, market reports, and local events visit us online or call 949.498.7711.

F E AT U R E D R E S I D E N C E

45 Calle Careyes

5 bed | 5.5 bath | 4,689 sq ft

Your desires to experience the very best in life will be overwhelmingly fulfilled within this incredibly private and fully upgraded estate at Talega of San Clemente’s gated Careyes collection. An impressive homesite with dazzling golf course and ocean views is complemented by drought-tolerant landscaping and an enormous gated entry courtyard with loggia, fountain, koi pond, rustic stone pavers and a raised fireplace-warmed patio. An additional elevated patio overlooks a five-star backyard designed by the award-winning Mark Scott Associates. Relax in a saltwater pool with swim-up bar, spa and playful fountains. Entertain friends and neighbors in a covered outdoor kitchen and bar with granite countertops, two TVs, built-in BBQ, sink and refrigerator. An expansive two-level floorplan measures approximately 4,689 square feet and is home to five ensuite bedrooms in the main house including a secondary bedroom with study and two Juliet balconies, five-and-one-half baths, a separate casita with French doors opening to the courtyard, custom crafts room, library, bonus room and grand-scale great room with cast fireplace. Handsome open-beam wood ceilings crown select living areas, tumbled travertine and designer carpet accentuate floors. Andersen windows and elegant lighting fixtures illuminate the home, which also boasts a formal dining room with built-in buffet and barrel ceiling, a breakfast room with French door-access to a covered patio, and a butler’s pantry. Designer kitchen with granite countertops, custom pantry with Sub-Zero refrigerator drawers, furniture-quality cabinetry, built-in Sub-Zero refrigerator, Sub-Zero wine refrigerator, Thermador range, Bosch dishwasher and an island with prep sink. Beyond a custom office, the luxurious master suite provides a romantic covered view deck, walk-in closet, soothing tub and a shower with seat. w w w .45C a l l e C a r e y e s . c o m

2 | w w w.E c hel berger.c o m

Luxurious Living

TA L E G A R E S I D E N C E S

3 | w w w.E chel berger. co m

Re pres e nte d by Dou g Ec h e l b e rge r

1

2

3

4

5

6

7

8

ADDRESS TRACT PRICE BED BATH SQFT

In Escrow

Sold 2018

1| 2| 3| 4| 5| 6| 7|

20 Via Conocido 45 Calle Careyes 14 Via Alcamo 9 Calle Careyes 1 Calle Careyes 412 Camino Vista Verde 40 Calle De La Luna

8 | 18 Calle Castillo

31 Calle Viviana*** 18 Via Alcamo* 17 Calle Loyola* 17 Corte Cabrito* 27 Via Torina*** 12 Via Paulina* 422 Camino Bandera* 17 Via Lampara* 20 Calle Mattis* 32 Via Jacobea* 14 Calle Castillo* 18 Via Cancion* 23 Via Jacobea** 9 Calle Saltamontes* 19 Paseo Carla* 17 Via Abajar* 33 Via Cristobal* 52 Avenida Cristal*** 29 Paseo Luna*

Lucia Careyes Alta Careyes Careyes Pacifica Talega Cantabria

$2,775,000 $2,049,000 $1,878,500 $1,775,000 $1,699,000 $1,299,000 $1,199,000

5 5 5 4 5 4 5

5.5 5.5

5.5

4.5

5.5

4

4

6,055 4,689 5,136 4,689 5,367 4,066 3,512

Pacifica Summit

$1,375,000

5

4.5

4,372

Lucia Alta Alora Carillon Carillon Alora Pacifica Talega Alora Carillon Catania Pacifica Summit Miraleste Catania Sansol Caprizi San Lucar Sabella Carmel Alassio

$2,950,000 $1,970,000 $1,635,000 $1,540,000 $1,535,000 $1,525,000 $1,525,000 $1,390,000 $1,250,000 $1,240,000 $1,195,000 $1,095,000 $1,050,000 $1,045,000 $939,000 $920,000 $885,000 $805,000 $495,000

5 5 6 5 4 5 5 4 6 5 4 5 5 4 4 5 3 3 2

5.5

5.5 6.5

4.5 3.5 5.5 4.5

4.5

6.5

4

4.5

3

4 3

3

3.5

2.5

2

2

5,777 4,850 4,503 3,786 3,573 4,400 4,333 4,026 4,170 3,547 3,952 3,015 3,547 3,212 2,566 3,147 2,088 2,050 1,356

review from your talega neighbor The whole Echelberger Team are professional, friendly, and courteous. Doug absolutely knows the real estate market inside and out and will always help you find or sell your home in the most efficient manner. ~ Lou Ann K. (Via Cristobal | Talega, San Clemente)

call us today, for a COMPLIMENTARY home evaluation from talega's #1 real estate agent since 2003 DOUG ECHELBERGER 949.498.7711 | doug@echelberger.com * Represented Seller

** Represented Buyer

***Represented Seller and Buyer

4 | w w w.E chel berger. co m

Acti v e

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sheet

YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

TOWNHOMES

TRACT / STREET

STATUS

PRICE

PRICE/SQ FT SQ FT* BED/BATH GARAGE

LOT SIZE*

COE

Alassio Visit www.TalegaGreenSheet.com

Active

$595,000

$357

1,668

3/3

2

--

Visit www.TalegaGreenSheet.com

Active

$525,000

$353

1,487

2/2

2

--

Visit www.TalegaGreenSheet.com

Active

$509,000

$413

1,232

2/3

2

--

Visit www.TalegaGreenSheet.com

Active

$460,000

$373

1,232

2/3

2

--

Visit www.TalegaGreenSheet.com

Pending

$618,000

$371

1,668

3/3

2

--

Visit www.TalegaGreenSheet.com

Pending

$519,000

$354

1,468

3/3

2

--

SOLD

$495,000

$365

1,356

2/2

2

--

Active

$798,000

$335

2,385

3/3

2

--

Pending

$725,000

$371

1,952

3/3

2

--

68 Paseo Verde

SOLD

$684,000

$385

1,776

3/3

2

--

7/16/18

96 Paseo Rosa

SOLD

$675,000

$380

1,776

3/3

2

--

6/14/18

174 Paseo Vista

SOLD

$625,000

$352

1,776

3/3

2

--

7/3/18

122 Paseo Vista

SOLD

$554,775

$317

1,748

3/3

2

--

7/18/18

Visit www.TalegaGreenSheet.com

Active

$655,000

$356

1,840

3/3

2

--

Visit www.TalegaGreenSheet.com

Active

$639,000

$347

1,840

3/3

2

--

Visit www.TalegaGreenSheet.com

Active

$519,000

$384

1,351

2/2

2

--

Visit www.TalegaGreenSheet.com

Active

$509,000

$377

1,351

2/2

2

--

Visit www.TalegaGreenSheet.com

Pending

$714,900

$389

1,840

3/3

2

--

75 Via Cartaya

SOLD

$657,500

$350

1,881

3/3

2

--

7/6/18

21 Corte Loarre

SOLD

$640,000

$340

1,881

4/3

2

--

7/16/18

23 Corte Loarre

SOLD

$513,000

$380

1,351

2/2

2

--

6/15/18

29 Paseo Luna

6/12/18

Carmel Visit www.TalegaGreenSheet.com

Santalana Visit www.TalegaGreenSheet.com

Verano

5 | w ww.E che l b erg er.c o m

call us today, for a COMPLIMENTARY home evaluation from talega's #1 real estate agent since 2003 DOUG ECHELBERGER 949.498.7711 | doug@echelberger.com *Approximate

SAN CLEMENTE FIESTA MUSIC FESTIVAL | August 12th from 9am-7pm

A great time for the entire family - fun with your friends and folks visiting San Clemente. There will be three stages for live entertainment, a motorcycle show, salsa challenge, an array of fabulous food, contests, and events. No admission fee, and free shuttle service available from San Clemente High School. For additional information, visit: w w w. S CC h a m b e r.c o m

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sheet

YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

S I N G L E - FA M I LY H O M E S TRACT / STREET

STATUS

PRICE

PRICE/SQ FT SQ FT* BED/BATH GARAGE

LOT SIZE*

COE

Alora Visit www.TalegaGreenSheet.com 20 Calle Loyola 17 Calle Loyola 13 Calle Loyola

Active SOLD SOLD SOLD

$1,519,999 $1,815,000 $1,635,000 $1,413,750

$371 $413 $363 $321

4,094 4,400 4,503 4,400

5/6 5/6 6/7 5/6

2 3 3 4

6,389 8,759 6,558 6,386

6/13/18 6/11/18 6/12/18

Alta 14 Via Alcamo

Active

$1,878,500

$366

5,136

5/6

3

10,306

Bella Vista Visit www.TalegaGreenSheet.com 20 Calle Altea

Active SOLD

$1,175,000 $1,080,000

$322 $287

3,646 3,757

4/3 4/3

3 3

4,886 6,330

7/16/18

Cantabria

Visit www.TalegaGreenSheet.com Active $1,269,000 $361 3,512 5/4 3 7,663 Visit www.TalegaGreenSheet.com Pending $1,179,000 $387 3,050 4/4 2 7,606

Caprizi

Visit www.TalegaGreenSheet.com Active $915,000 $377 2,427 3/3 2 4,101 19 Paseo Carla SOLD $925,000 $360 2,566 4/3 2 6,006 7/17/18

Careyes

Visit www.TalegaGreenSheet.com Active $2,199,000 $453 4,855 5/6 3 9,452 45 Calle Careyes Active $2,049,000 $437 4,689 5/6 3 11,108 41 Calle Careyes Active $1,899,000 $408 4,656 4/5 3 11,108 9 Calle Careyes Active $1,775,000 $379 4,689 4/5 3 9,235 1 Calle Careyes Active $1,699,000 $317 5,367 5/6 3 12,153 65 Calle Careyes SOLD $1,715,000 $339 5,061 5/6 3 9,322 7/4/18

Carillon Visit www.TalegaGreenSheet.com

Active

$1,549,900

$395

3,928

5/5

3

9,110

Catania Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 32 Via Jacobea

Active Active SOLD

$1,175,000 $1,125,000 $1,240,000

$331 $317 $350

3,547 3,547 3,547

5/4 5/4 5/4

2 2 2

5,629 6,360 6,844

7/13/18

Cazadero

Visit www.TalegaGreenSheet.com Active $1,595,000 $391 4,082 5/5 3 8,623 Visit www.TalegaGreenSheet.com Active $1,325,000 $344 3,849 5/5 3 8,806

Escala Visit www.TalegaGreenSheet.com 21 Via Apuesto 14 Calle Frutas

Active Pending SOLD

$940,000 $949,000 $921,500

$373 $387 $366

2,520 2,453 2,520

4/3 4/3 4/3

2 2 2

5,743 7,352 4,357

7/13/18

Active Pending SOLD SOLD

$925,000 $875,000 $880,000 $818,000

$383 $362 $365 $405

2,414 2,414 2,414 2,020

4/3 4/3 4/3 3/3

2 2 2 3

5,068 6,536 5,047 5,156

6/15/18 6/11/18

Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 704 Corte Buscando 468 Camino Flora

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6 | w ww.E che l b erg er.c o m

Farralon Ridge

the

sheet

YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

S I N G L E - FA M I LY H O M E S TRACT / STREET

STATUS

PRICE

PRICE/SQ FT SQ FT* BED/BATH GARAGE

LOT SIZE*

COE

Lucia

20 Via Conocido Active $2,775,000 $458 6,055 5/6 4 16,415 Visit www.TalegaGreenSheet.com Active $2,698,000 $458 5,889 5/6 4 12,784

Mirador

Visit www.TalegaGreenSheet.com Active $1,635,000 $347 4,706 5/6 4 9,300 Visit www.TalegaGreenSheet.com Active $1,595,000 $307 5,202 7/7 3 9,588 Visit www.TalegaGreenSheet.com Active $1,299,900 $281 4,631 5/6 3 11,117 Visit www.TalegaGreenSheet.com Pending $1,498,000 $334 4,488 6/6 3 10,342 13 Via Divertirse SOLD $1,339,000 $346 3,870 4/4 3 10,949 7/10/18

Miraleste

Visit www.TalegaGreenSheet.com Pending $1,049,000 $326 3,218 4/3 3 6,429 5 Via Belleza SOLD $1,250,000 $388 3,219 6/3 2 8,099 6/11/18 13 Via Belleza SOLD $1,120,000 $371 3,015 4/3 3 8,347 7/13/18 18 Via Cancion SOLD $1,095,000 $363 3,015 5/3 3 6,756 6/1/18

Montellano

Visit www.TalegaGreenSheet.com Active $1,705,000 $337 5,058 5/6 3 9,941 Visit www.TalegaGreenSheet.com Active $1,549,000 $342 4,531 5/5 3 15,583

Monterey

Visit www.TalegaGreenSheet.com Active $1,199,000 $351 3,415 5/4 3 7,549

Pacifica Summit

18 Calle Castillo Pending $1,375,000 $315 4,372 5/5 3 7,644

Pacifica Talega

412 Camino Vista Verde Active $1,299,000 $319 4,066 4/4 3 8,768 304 Camino Mira Monte SOLD $1,115,000 $307 3,627 4/4 3 6,840 7/13/18

Portofino

Visit www.TalegaGreenSheet.com Active $1,039,000 $388 2,675 4/3 2 7,007

Portomarin

Visit www.TalegaGreenSheet.com Active $1,059,000 $369 2,872 5/4 2 4,646 17 Via Regalo SOLD $1,030,000 $357 2,884 4/3 2 4,941 7/5/18 46 Via Regalo SOLD $1,030,000 $343 3,000 5/3 3 6,094 6/6/18

Ravenna

Visit www.TalegaGreenSheet.com Pending $1,398,800 $344 4,068 4/5 2 7,931 Visit www.TalegaGreenSheet.com Pending $1,275,000 $322 3,955 4/4 2 7,533 16 Corte Jaime SOLD $1,250,000 $291 4,300 5/6 3 6,355 7/18/18

7 | w w w.E c he l berger. co m

Sabella Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com 12 Calle Akelia 33 Via Cristobal

SAN CLEMENTE FUN FACT

Pending Pending Pending SOLD SOLD

$999,000 $939,000 $899,000 $907,000 $885,000

$370 $357 $333 $336 $424

2,701 2,627 2,701 2,701 2,088

4/3 4/3 4/3 4/3 3/3

3 2 3 3 2

7,000 6,864 8,112 7,034 7,031

6/20/18 7/6/18

Just after Christmas in 1939, a rare hurricane hit the California coast and destroyed the beloved 1,200-foot long wooden pier, a gift to San Clemente residents from founder Ole Hanson. It was rebuilt in 1940 for $40,000. In 1983, a fierce storm once again destroyed the pier. Rebuilding the pier in 1985 totaled $1.4 million. w w w. S a n C l e m e n t e J o u r n a l .c o m

the

sheet

YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

S I N G L E - FA M I LY H O M E S TRACT / STREET

San Lucar

19 Calle Verdadero

STATUS

PRICE

PRICE/SQ FT SQ FT* BED/BATH GARAGE

SOLD

$940,000

$359

2,615

Visit www.TalegaGreenSheet.com

Active

$1,200,000

$351

3,414

400 Via Los Tilos

SOLD

$990,000

$280

3,531

4/3

LOT SIZE*

2

6,443

4/4

3

11,934

5/5

3

7,305

COE

6/21/18

San Rafael 110 Via Monte Picayo

SOLD

$983,000

$289

3,398

5/4

3

6,553

6/19/18 6/11/18

Sansol Visit www.TalegaGreenSheet.com

Active

$1,175,000

$320

3,677

4/3

2

14,274

Visit www.TalegaGreenSheet.com

Active

$1,025,000

$334

3,069

4/3

2

5,369

Visit www.TalegaGreenSheet.com

Pending

$1,299,000

$389

3,340

4/3

2

8,850

Visit www.TalegaGreenSheet.com

Pending

$949,000

$293

3,238

4/4

2

5,817

SOLD

$1,269,000

$383

3,312

4/4

2

9,480

22 Corte Vidriosa

6/18/18

Seaside 9 Calle Almeja 8 Calle Cangrejo 1 Calle Camaron

Pending

$879,000

$352

2,500

4/3

3

4,414

SOLD

$882,000

$334

2,641

4/3

2

4,511

SOLD

$770,000

$307

2,507

3/3

2

8,370

6/4/18 7/3/18

Solana Visit www.TalegaGreenSheet.com

Active

$799,900

$349

2,294

4/3

2

3,850

Visit www.TalegaGreenSheet.com

Active

$789,000

$467

1,690

3/3

2

3,547

Visit www.TalegaGreenSheet.com

Pending

$799,000

$405

1,972

4/3

2

3,890

Visit www.TalegaGreenSheet.com

Active

$1,350,000

$355

3,806

5/5

2

9,816

Visit www.TalegaGreenSheet.com

Active

$1,324,900

$355

3,729

5/5

3

9,776

84 Via Regalo

Active

$1,229,000

$356

3,453

4/4

2

6,699

12 Via Andaremos

SOLD

$1,400,000

$363

3,852

5/5

2

10,122

Stella Mare

44 Paseo Lerida

SOLD

$1,200,000

$346

3,465

5/5

3

5,691

6/5/18 7/3/18

Terra Linda Visit www.TalegaGreenSheet.com

Active

$1,129,888

$391

2,888

5/3

3

8,093

Visit www.TalegaGreenSheet.com

Active

$989,000

$347

2,850

5/3

2

6,316

Visit www.TalegaGreenSheet.com

Active

$969,000

$367

2,637

5/3

3

6,944

Visit www.TalegaGreenSheet.com

Pending

$1,059,000

$352

3,008

5/3

3

6,968

Vittoria Active

$1,175,000

$366

3,209

4/3

2

5,690

16 Via Elda

SOLD

$1,175,000

$366

3,209

4/3

2

8,317

35 Via Armilla

SOLD

$975,000

$304

3,209

5/3

2

5,639

4

30,943

6/21/18

4/13/18

8 | w w w.E c he l berger.c o m

Visit www.TalegaGreenSheet.com

Vizcaya

15 Corte Vizcaya

SOLD

$1,635,434

$324

5,051

5/5

4/19/18

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sheet

YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

SENIOR 55 & OLDER TRACT / STREET

Sandbridge

Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com Visit www.TalegaGreenSheet.com

Seagarden

Visit www.TalegaGreenSheet.com 57 Corte Pinturas 23 Corte Pinturas

Waterleaf

Visit www.TalegaGreenSheet.com 7 Camino Alenza 20 Camino Del Prado 23 Camino Del Prado

Wavecrest

Visit www.TalegaGreenSheet.com

STATUS

PRICE

PRICE/SQ FT SQ FT* BED/BATH GARAGE

LOT SIZE*

COE

Active Active Active

$1,369,900 $1,249,900 $1,159,000

$508 $440 $318

2,699 2,841 3,650

2/2 3/2 3/3

2 2 2

Active SOLD SOLD

$775,000 $788,500 $755,000

$491 $403 $487

1,578 1,957 1,550

2/2 3/2 2/2

2 2 2 3,500

7/3/18 6/30/18

Pending SOLD SOLD SOLD

$850,000 $925,000 $900,000 $835,000

$392 $362 $416 $406

2,166 2,554 2,166 2,055

2/2 3/2 2/2 2/2

2 2 2 2

5,954 6,968 5,425 5,632

7/16/18 5/15/18 5/30/18

Pending

$799,000

$456

1,752

2/2

2

4,545

as we age we demand specialists for our health needs, so why not for our housing and equity needs as well?

5,955 6,152 6,721

our seniors real estate specialist (sres) have unique training and experience in helping seniors buy and sell real estate. call us today, for a complimentary home evaluation, we are a professional real estate team with a personal touch.

949.498.7711 | seniors@echelberger.com

9 | w w w.E c he l berger. co m

Talega Averages Single Family ACTIVE (44) PENDING SALE (18) SOLD (89)

List Price $1,381,586 $1,059,433 $1,196,764

SqFt DOM List $ PSF 3,746 77 $369 3,001 52 $353 3,323 37 $360

Sold Price

Sold $ PSF

$1,182,560

$356

Condo/ Townhouse ACTIVE (10) PENDING SALE (4) SOLD (22)

List Price $598,400 $644,225 $657,518

SqFt DOM List $ PSF 1,596 34 $375 1,698 23 $372 1,770 31 $371

Sold Price $649,297

Sold $ PSF $367

*Approximate The Green Sheet is based on information from the Association of REALTORSÂŽ/Multiple Listing Service as of 7.19.2018 and/or other sources. The Talega Green Sheet and MLS data is deemed reliable, but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The properties listed above are not all Pacific Sotheby's International Realty and include listings from other brokers. If you notice any incorrect information or a property that is not listed, please call my office immediately at 949.498.7711. To preserve space, old sales since 5.31.2018 have been eliminated. If you would like the name, address, and phone number of the firm representing a specific property listed above, please visit www.TalegaGreenSheet.com.

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YO U R TA L EG A M A R K E T R EP O R T F O R H O M E VA LU E S I N J U LY

MARKET SUMMARY • The active listing inventory increased by 217 homes in the past two weeks, up 3%, and now totals 6,579. Expect the inventory to increase from now through mid-August. Last year, there were 5,983 homes on the market, 596 fewer than today.

• This year, 18% fewer homes have come on the market below $500,000 today compared to last year, and there have been 26% fewer closed sales so far this year. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly vanishing.

• Demand, the number of pending sales over the prior month, decreased in the past two-weeks by 150 pending sales, down 6%, and now totals 2,454. Demand peaked in mid-May at 2,726 pending sales. Last year, there were 2,838 pending sales, 16% more than today.

• The average list price for all of Orange County dropped to $1.6 million over the past two-weeks. This number is high due to the mix of homes in the luxury ranges that sit on the market and do not move as quickly as the lower end.

• For homes priced below $750,000, the market is HOT with an expected market time of just 54 days, but is knocking on the door of a slight seller’s market (60-90 days). This range represents 37% of the active inventory and 56% of demand.

• For homes priced between $750,000 and $1 million, the expected market time is 72 days, a slight seller’s market (between 60 and 90 days). This range represents 20% of the active inventory and 22% of demand.

• For homes priced between $1 million to $1.25 million, the expected market time is 101 days, a balanced market (between 90 to 120 days).

• For luxury homes priced between $1.25 million and $1.5 million, the expected market time increased from 113 to 126 days.

• For homes priced between $1.5 m illion and $2 million, the expected market time increased from 150 to 163 days.

• For luxury homes priced between $2 million and $4 million, the expected market time increased from 225 to 250 days.

• For luxury homes priced above $4 million, the expected market time increased from 427 to 511 days.

• The luxury end, all homes above $1.25 million, accounts for 33% of the inventory and only 14% of demand.

• The expected market time for all homes in Orange County increased from 73 to 80 days in the past two weeks, a slight seller’s market (from 60 to 90 days).

• Distressed homes, both short sales and foreclosures combined, made up only 1% of all listings and 1.3% of demand. There are only 28 foreclosures and 36 short sales available to purchase today in all of Orange County, 64 total distressed homes on the active market, up six in the past two weeks. Last year there were 76 total distressed homes on the market, 19% more than today.

• There were 2,851 closed residential resales in June, down by 12% from June 2017’s 3,229 closed sales. June marked a 1% decrease from May 2018. The sales to list price ratio was 98.2% for all of Orange County. Foreclosures accounted for just 0.2% of

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all closed sales, and short sales accounted for 0.7%. That means that 99.1% of all sales were good ol’ fashioned sellers with equity.

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302 N. El Camino Real, Suite 214 | San Clemente, CA 92672

santa ana, ca

DOUG ECHELBERGER TALEGA’S #1 REALTOR® since 2003 with OVER $600 MILLION in SALES and 640 TRANSACTIONS in TALEGA

Experience and Knowledge makes a significant difference when it comes to selling and buying a home in Talega.

Call or email Doug Echelberger today, for a complimentary home evaluation.

949.498.7711 DOUG@ECHELBERGER.COM

artfully uniting extraordinary homes with extraordinary lives®: we believe luxury is an experience, not a price point

#KeepingItRealEstate in San Clemente Since 1994 Knowledge | Honesty | Integrity

DOUG ECHELBERGER

949.498.7711 Doug@Echelberger.com

Broker and agent do not guarantee accuracy of all data, including all measurements and calculations of area. Information is obtained from various sources and has not been, and will not be, verified by Broker or Agent of MLS. All information should be independently reviewed and verified for accuracy. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. If your property is listed with a real estate broker, please disregard. Each Office Is Independently Owned And Operated. Broker DRE #01767484 | Doug Echelberger DRE #01176379