Echelberger Group | Inhabit Real Estate

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Market Reports - June 2024 Closed Sales | San Clemente | Capistrano Beach⁠ | San Juan Capistrano⁠ ⁠ SAN CLEMENTE⁠ ⁠ Single Family⁠ ▪️Avg Sales Price: $2,228,232 {+15.9% June 2023}📈⁠ ▪️Homes Sold: 47 {+19.1% June 2023}📈⁠⁠⁠ ▪️Days on Market: 21 {No Change June 2023}⁠ ⁠ Condos/Townhomes⁠ ▪️Avg Sales Price: $1,097,000 {-17% June 2023}📉⁠ ▪️Homes Sold: 10 {-30% June 2023}📉⁠ ▪️Days on Market: 18 {No Change June 2023} ⁠ ⁠ CAPISTRANO BEACH⁠ ⁠ Single Family⁠ ▪️Avg Sales Price: $1,908,333 {-53.8% June 2023}📉⁠ ▪️Homes Sold: 3 {-66.7% June 2023}📉⁠ ▪️Days on Market: 35 {+40% June 2023}📈⁠ ⁠ Condos/Townhomes⁠ ▪️Avg Sales Price: $1,600,000 {No Sales June 2023}⁠ ▪️Homes Sold: 2 {No Sales June 2023}⁠ ▪️Days on Market: 139 {No Sales June 2023}⁠ ⁠ SAN JUAN CAPISTRANO⁠ ⁠ Single Family⁠ ▪️Avg Sales Price: $2,020,635 {+5.8% June 2023}📈⁠ ▪️Homes Sold: 26 {-23% June 2023}📉⁠ ▪️Days on Market: 33 {+9.1% June 2023}📈⁠ ⁠ Condos/Townhomes⁠ ▪️Avg Sales Price: $1,008,807 {+9.2% June 2023}📈⁠ ▪️Homes Sold: 7 {-71.4% June 2023}📉⁠⁠ ▪️Days on Market: 20 {-50% June 2023}📉⁠ ⁠ Home values are up in most coastal cities across Orange County! 🏡🌊 With our stunning beaches, perfect weather, and relaxed lifestyle, it's no wonder demand keeps climbing. Discover the unique charm and unbeatable value that make our coastal communities so desirable.⁠ ⁠ Give us a call if you're looking to buy or sell! 👉🏼 949.498.7711⁠ ⁠ #sanclemente #sanclementerealestate #sanclementemarketreport #sanclementerealestatemarket #capistranobeach #capistranobeachrealestate #capistranobeachmarketreport #capistranobeachrealestatemarket #sanjuancapistrano

𝐎𝐫𝐚𝐧𝐠𝐞 𝐂𝐨𝐮𝐧𝐭𝐲 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭⁠ ⁠ Longer market times and price reductions are very strong indicators that sellers will net less upon closing.⁠ ⁠ Price is ultimately the most critical first impression of a home. Sellers only get one shot at this first impression. After the initial ten days of coming on the market, most seasoned buyers have seen the home. Some decide to tour the house, yet others, after considering all the details, decide that their “phone tour” is enough and they are not interested in pursuing it any further. The longer a home is on the market, the less fanfare and excitement the property receives. Even if a seller reduces the asking price down the road, it is not met with eager buyer anticipation and enthusiasm. Currently, 27% of today’s active listing inventory has reduced the asking price at least once. The data illustrates that lowering the asking price or stubbornly waiting to get a price is not the best strategy.⁠ ⁠ The most critical step for sellers to secure as much money as possible upon closing is to spend considerable time arriving at a home’s Fair Market Value based on a home's condition, location, amenities, and location. With mortgage rates stubbornly above 7%, the pressure to initially price a home accurately is the difference between selling quickly and maximizing the net proceeds check after closing versus staying on the market, reducing the asking price, and eventually walking away with less money.⁠ ⁠ What we're seeing:⁠ → Active inventory rising⁠ → Demand slowed after interest rates⁠ → Always slow at this time of year⁠ → Correctly priced homes are going fast⁠ → Some are selling at or over asking price⁠ → Price reductions between 1 and 7%⁠ → Need to focus on initial listing price⁠ ⁠ What we can expect:⁠ → Faster pace once people are in summer routines⁠ → Inventory and demand will peak in August⁠ ⁠ Subscribe to the Housing Report and get the full report and charts emailed to you every other week with the latest updates! Head to Echelberger.com ⁠⁠ Doug Echelberger | DRE 01176379⁠ Echelberger Group | Inhabit Real Estate ⁠ #housingmarket #realestatemarket #orangecountyrealestate #realestateupdates #marketupdates #orangecountyhomes

Market Reports - May 2024 Closed Sales | San Clemente | Capistrano Beach⁠ ⁠ SAN CLEMENTE⁠ ⁠ Single Family⁠ ▪️Avg Sales Price: $2,087,389 {+21.3% May 2023}📈⁠ ▪️Homes Sold: 47 {+17.5% May 2023}📈⁠ ▪️Days on Market: 20 {-16.7% May 2023}📉⁠ ⁠ Condos/Townhomes⁠ ▪️Avg Sales Price: $951,239 {-22.7% May 2023}📉⁠ ▪️Homes Sold: 14 {+27.3% May 2023}📈⁠ ▪️Days on Market: 21 {-4.5% May 2023}📉⁠ ⁠ CAPISTRANO BEACH⁠ ⁠ Single Family⁠ ▪️Avg Sales Price: $2,312,000 {-21.2% May 2023}📉⁠ ▪️Homes Sold: 4 {-33.3% May 2023}📉⁠ ▪️Days on Market: 101 {+215.6% May 2023}📈⁠ ⁠ Condos/Townhomes⁠ ▪️Avg Sales Price: $1,125,000 {+41.3% May 2023}📈⁠ ▪️Homes Sold: 1 {-50% May 2023}📉 ▪️Days on Market: 2 {-92% May 2023}📉⁠ ⁠ Orange County remains a sought-after destination. While some may view the migration of people and businesses as a challenge, it actually underscores the resilience and desirability of California's housing market. People are eager to live or rent in our beautiful state. No matter the city, there's always a demand for Orange County properties. Many residents who move away find themselves returning, drawn back by our exceptional weather and laid-back lifestyle. These factors highlight the exceptional value and appeal of living in our region. Our coastal communities continue to attract those who appreciate their unique charm and unbeatable lifestyle. ⁠ Give us a call if you're looking to buy or sell! 👉🏼 949.498.7711⁠ ⁠ #sanclemente #sanclementerealestate #sanclementemarketreport #sanclementerealestatemarket #capistranobeach #capistranobeachrealestate #capistranobeachmarketreport #capistranobeachrealestatemarket

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 After bouncing along a record-low number of homeowners willing to sell in the high mortgage rate environment for over a year, there were more new sellers in January compared to 2023, the first “green shoot”🌱 since rates soared higher in 2022. What we're seeing: → More open house activity → Interest rates went down → Buyer activity increasing → Limitation in active inventory → High leasing rates → Accurate pricing & turnkey have multiple offers What we can expect: → People will list their homes after Superbowl → Buyer push in the spring → Market trend for spring will be strong Subscribe to the Housing Report and get the full report and charts emailed to you every other week 👉 https://bit.ly/3SpZ6gk ⁠⁠ Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 Now that the holidays are over, it is time for housing to shift to the Winter Housing Market, when the inventory is flat, demand rises, and the pace of the market rapidly heats up🔥 What we’re seeing: → Less active inventory than last year → Active inventory rises at this time → Demand is strong, buyers now looking → 72 actives in San Clemente → 44 pending escrows → 5 coming soon properties → Some houses selling at a record high What we can expect: → Demand will continue to rise the next 3-4 months → Inventory will rise through June, July, August then it tables out Subscribe to the Housing Report and get the full report and charts here 👉 https://bit.ly/47QUPbD ⁠⁠ Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate

𝒯𝒶𝓁𝑒𝑔𝒶 𝑀𝒶𝓇𝓀𝑒𝓉 𝒰𝓅𝒹𝒶𝓉𝑒 ⁠ For those watching the Talega housing market, here’s your Jan/Feb update🏡 ⁠ ⁠ the GREEN sheet shows you:⁠ → How much each Talega home has sold in the last 3 months⁠ → What’s Active, Pending, and Sold in every tract⁠ → Average price per square foot for each home listed⁠ → Townhome, Single-Family Home, and 50+ Community data⁠ → Averages of all market data in Talega⁠ → A summary on the Orange County market status⁠ ⁠ The full, clear picture of Talega’s market in one place for you. View the digital issue now here https://bit.ly/48LpTel Echelberger Group | DRE 01176379⁠ @inhabit_realestate

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 It is the telling of two different markets, the incredibly hot lower price ranges due to low inventory versus the sluggishness of the luxury market and longer market times🐌 With an Expected Market Time of 168 days, nearly six months, the luxury housing market in Orange County is much slower than the lower ranges.️ What we know: → Lower end market still relatively active → Higher end started cooling November → Our area has been busy all year for homes under 1.5 → Showings decrease, but prices don’t fall → Sellers holding out until spring → No price reductions unless have to get it sold → Buyers have opportunities → Sellers willing to negotiate more 4th quarter → December is a difficult month for realtor to make predictions Subscribe to the Housing Report and get the full report and charts here 👉 https://bit.ly/3TnGqQA Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 Housing is about to shift to the Holiday Market🎄 when both the supply of available homes and purchase demand falls to their lowest levels of the year on New Year’s Day.️ What we’re seeing: → Demand is slowing down → Active inventory slightly increasing → Some properties are setting record prices → SFR, single-level, and turnkey are hot properties → Luxury market in the 3 to 4 mil range cooling off → 2 mil and under moving quickly for the holidays Advice for sellers: → Turnkey properties must be true turnkey from interior to exterior → As long as pricing is accurate, sellers don’t have to wait until spring → Pay attention to trends Subscribe to the Housing Report and get the full report and charts emailed to you every other week with the latest updates! https://bit.ly/3MP37cu ⁠⁠ Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate