September 23, 2017
How the South County seaside housing market? Are resales hotter in San Clemente or Dana Point?
Here are homebuying highlights for San Clemente and Dana Point from ReportsOnHousing for August. This house-hunting data tracks resales of existing detached and attached residences in the community.
Analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.
In San Clemente …
Sales: 102 sold vs. 93 a year ago.
Average sales price: $1,038,803 that ranked No. 10 out of 46 Orange County markets tracked and was up 7.1 percent in a year.
Compared to list: Sellers got 97.5 percent of what they typically asked for, ranking No. 37 of the 46 markets.
Range: High sale of $4,400,000 vs. the $425,000 low.
Sizing: On average, buyers paid $457 per square foot on a 2,274 square-foot residence. This pricing metric was up 11.7 percent in a year.
Market speed: 75 days, listing to escrow opened vs. 130 days a year ago and 111 days two years ago.
In Dana Point …
Sales: 60 sold vs. 70 a year ago.
Average sales price: $1,092,758 that ranked No. 9 out of 46 Orange County markets tracked and was down 19.3 percent in a year.
Compared to list: Sellers got 97.2 percent of what they typically asked for, ranking No. 42 of the 46 markets.
Range: High sale of $4,250,000 vs. the $315,000 low.
Sizing: On average, buyers paid $531 per square foot on a 2,057 square-foot residence. This pricing metric was off 12.2 percent in a year.
Market speed: 123 days, listing to escrow opened vs. 145 days a year ago and 110 days two years ago.
Compare those patterns to countywide trends …
Sales: 3,110 sold vs. 3,069 a year ago, up 1 percent.
Average sales price: $831,964 — up 5.8 percent in a year.
Compared to list: Sellers got 98.1 percent of what they asked for.
Range: High sale of $21 million vs. $58,500 low.
Sizing: $447 per square foot (on a 1,863 square-foot residence), up 5.6 percent in a year.
Market speed: 64 days vs. 78 a year ago and 80 two years ago.
How much housing can you buy for $350,000?
What kind of housing might $350,000 buy you in Orange County? Start with 2678 Andover, Unit 26C, Fullerton with two bedrooms and a bathroom in 853 square feet. It sold for $350,000 on Sept. 20 … click through the slideshow to see more examples. (Courtesy: Shayda Hojjatpanah, Realty One Group)
Review recent closed sales show us 611 South La Veta #121 in Orange. It’s got 2 bedrooms and 2 bathroom in 952 square feet. It sold for $350,000 on Aug. 11. (Courtesy: Sean Neuberger, Realty One Group)
Or 1675 W Lambert Unit G in La Habra. It’s got 2 bedrooms and 1.5 bathrooms and sold for $350,000 in August 29. (Courtesy: Albert Soto, First Team Real Estate)
In Cypress, 5794 Laguna Way has 1 bedroom and 1 bathroom in 760 square feet. It was sold on July 12. (Courtesy: Mouawad Ebrahem, Berkshire Hathaway)
Here’s 343 S. Monte Vista #13 in La Habra. It’s got two bedrooms and two baths in 1,213 square feet and sold for $350,000 on July 21. (Courtesy: Vickie Melin, Redfin)
At 29 Aruba Street in Laguna Niguel, there’s 2 bedrooms and 2 bathrooms in 916 square feet. It sold for $350,000 on June 22. (Courtesy: Lisa Conte, Nationwide Real Estate)
And there’s 19038 Rockwood #4 in Yorba Linda. It has 2 bedrooms, 2 bathrooms in 921 squaree feet. It sold June 28. (Courtesy: Nicholas Scotto, Century 21 Award)