San Clemente Ocean View Condos

Rising Interest Rates has become a problem for those looking to get a mortgage when buying a home in today's real estate market.  These higher rates were intended to slow down pries and inflation but the actual opposite as happened.  Due to low inventory, we have what they call shelter inflation which is reaction to the Federal government raising interest rates.  It's basically explained as the higher the interest rates go, less and less people who currently have a 3 or 4 percent mortgages on their home would not want to put their home on the market and buy another property at interest rates in the 6 to 7 percent range due to the higher costs involved.  So the higher interest rates have created a very limited number of homes coming on the market which is

We had a client call us last week that was looking for a condo near the San Clemente Pier.  I explained to him this area is called the Pier Bowl area and is a very popular place to live since it offers quick access to the beach while also being within walking distance to the many boutique retail stores and restaurants that can be found on the famous "Avenue Del Mar" street which starts from El Camino Real street and leads directly down to the San Clemente Pier.

Real Estate prices for this area have gone up in recent years with some of the lowest price condos found in the mid $600,000 range.  In fact, the condo that the client was calling on was 420 Monterey Lane #R2 which was a very small condo with 300 square feet that was listed at $649,000.  It is

When occasionally see ocean view listings come up in the newer Sea Summit Aqua community in San Clemente which has seen an increase in real estate prices since they were first built.in 2016.  The neighborhood is one of the first communities located in Sea Summit that is also located next to the community pool and clubhouse for all for neighborhoods to use in Sea Summit.  The homes located in the Aqua neighborhood are different than those located in the other three neighborhoods as they share a common wall with a neighboring home unlike the other neighborhoods that offer fully detached single family homes.  When you first drive into the Sea Summit Aqua neighborhood you will notice that the homes along the perimeter on the west side of the street will have

One of the hidden gems for finding good quality rental homes in the San Clemente area is the Vilamoura community.  Over the last couple of years this has been one of the go to places when looking for a quality rental in the mid $3,000 to low $4,000 a month range. What I love about these townhomes are the very well thought out floor plans with soaring ceilings for properties that can have square footages of 1,400 to 1,800 square feet.  We recently just saw a very nice ocean view rental in Vilamoura come on the market that was only on the market for 2 days and offered stunning views as pictured below.  It was priced at $4,500 a month which is expected when you have a premier ocean view in this community.  Non-ocean view homes here will come in at a lower

One of the premier bluff front locations is located in the Southwest San Clemente area with a small condo complex known as Sea Pointe Villas.  If you are family with San Clemente then you have probably been down to the State Park area.  Just above the park is a circular street known as "Avenida Montalvo" and "Avenida Lobiero" which meet as the street loops around the area where some of the best bluff front ocean view condos can be found in San Clemente.  Sea Pointe Villas is located right at the Botton of the loop and can have stunning white water views.  The complex itself is very small so don't expect to see a lot of listings coming on the market and any given time.  We did some research on the past listing history for this complex and found that

One of the more popular places to look for rental homes in San Clemente is the Marblehead area.  The community has expanded greatly in the last several years with the additional of the newer Sea Summit community.  Originally the Marblehead community consisted of homes located on the east side of the 5 freeway located in a secure gated community with a number of neighborhoods to choose from.  There were also a couple condo tracts that were located just outside this gated community which formed the Marblehead area.  Then back in 2015 everything changed with the construction of brand new homes in four different neighborhoods located on the west (ocean) side of the 5 freeway.  This community is commonly known as Sea Summit and has become on the hottest

If you have been looking at real estate in the last year you know how competitive the market is right now.  Finding anything under $500,000 by the beach has become very hard to do, especially anything with quality construction and a view.  San Clemente still offers some affordable options if you know where to look.  Real Estate prices historically have been going up in the past 10 years with a sharp increase in the last 12 months due to low interest rates and buyers looking to invest in properties that they can live in as well as rent out to others.  If you find something you like we always recommend putting in an offer quickly as there are many buyers looking in this price range.

The most popular complex in San Clemente for under $500,000 is the Vista

The San Clemente Real Estate market in the last three to four months has been really crazy as buyers are bidding against each other when new listings that are priced well come on the market.  Many thought COVID would bring the real estate market down but it has actually had a reverse effect and the market has never been stronger.  One of the biggest issues is limited inventory which has been a problem for the last two to three years in San Clemente and has become even more limited due to COVID.  What many buyers are doing is looking for homes that are not on the market yet but will be coming on the market soon.  These listings that were once only limited to real estate agents are now available to the general public.

One of the best things you can do

What a difference a couple of months make when looking at San Clemente real estate market.  COVDI19 has really changed the landscape of the marketplace and has actually caused the reverse of what most people think would happen.  We get a lot of calls from buyers thinking they can get a big discount on real estate since they feel the overall economy has taken a hit due to the large number of jobs that were lost.  In fact, the opposite has happened to the real estate market.  The inventory of homes on the market for sale was low before COVID19 and because of the pandemic there are even less sellers wanting to put their home on the market.  Given the high demand of buyers that still want to buy in part to the very low interest rates there is almost a bidding

Condos near the San Clemente Pier area always command a premium in price, especially if they offer any kind of a views.  The Panorama Condominiums located 420 Avenida Monterey offer all of this with a location that is just a matter if minutes to the beach.  The building dates back to 1964 when it was first built and offers mostly studio and one bedroom with a rare two bedroom units here too.  One thing you can't expect here are large floor plans as the studio units typically run between 345 to 400 square feet while the one bedrooms are around 680 to 830 square feet.  What you can expect in some of these condos is great ocean views as well as views of the San Clemente Pier as well.

Real Estate prices have really gone up in recent years with the last

One of the newest developments to hit the San Clemente Real Estate marketplace is the Ten10 Santiago complex in San Clemente. We have been watching this construction for a long time and it's exciting to finally start to see the final product.  The location is right in the heart of Southwest San Clemente area near the Ralph's shopping center.  The address is located at 1010 S El Camino Real at the corner of Santiago street, hence the name 1010 Santiago.  Several weeks ago they had their first open house and the design and attention to details is what you would expect from a new construction condo.  The condos sit ideally over the houses in the Southwest San Clemente area with great ocean views.  

We have included a virtual tour below of one of the

This has been a great year of real estate in San Clemente with over 900 homes selling in this calendar year.  The strength of the economy and the stock market has resulted in a very active market with higher sales than the previous year.  There were a total of seven homes that sold for $4 million dollars or more with the top sale over the $6 million dollar price point.  December is typically one of our slower months but many agents whom I have spoken with think it's been the busiest December that we have had in recent years. Here is a quick guide to the highest homes sales in San Clemente for 2019.

The highest sale this year occurred in the Cyprus Cove community which sold before it even came on the market.  This was a newly designed home by James

When I first got into real estate over 20 years ago I always heard the word "turnkey" and had no idea what people were talking about.  It seems like its a favorite word among real estate agents for describing a home that is in excellent condition.  it wasn't later that it was explained to me that it literally meant turn the key in the door and leave without any concern about something falling apart or not working correctly.  Once I got this explanation it started to make sense but I still feel like it's a word that is over used by the real estate community.

Nevertheless, it's a short way to describe a home that needs little to no work done on the home.  Basically, bring your touthbrush and move right in.  This is especially true to describe condos in

Southwest San Clemente is widely considered one of the best neighborhoods in San Clemente by many who live here.  While the community is predominately filled with residential homes there are also some nice condo and townhouses located in this area.  One of the best places to look is near the State Park area which has a large number of oceanfront, ocean view and residential condos.  A perfect example of this is a new listing that just came on the market at 268 Avenida Montalvo #1 in San Clemente.  The two bedroom condo features two levels of living space with a total of 1,648 square feet.  It comes with an attached two car garage and features wonderful ocean views as well as coastline views looking towards Dana Point.  It's currently priced at $1,399,000.

If you are in the market for finding a nice ocean view condo on the ocean side of the 5 freeway then the Florencia condos may offer the perfect property for you.  Situated on the north side of town and west of El Camino Real and the 5 freeway is a small condo complex built in 2007 located at 1503 Calle Mirador that is referred as "Florencia Condos."  There are two residential condos located at this address with unit #A featuring a total of 3 bedrooms, 3 baths with 1,500 square feet of living space.  Unit #B is a 2 bedroom, 3 bath condo with a total of 1,460 sure feet.  Both units come with a one car garage and offer nice ocean views.  

1503 Calle Mirador Unit #A is currently on the market for sale at $995,000.  It's being advertised as a Contemporary

The long awaited Sea Summit community is in full production with many new constructions homes completed and the new owners happy to be living in this exciting new housing tract.  3 of the 4 neighborhoods offer detached single family homes with only one tract offering attached condos for sale.  The condo tract is commonly referred to as the "Sea Summit Aqua" neighborhood that features 5 individual condos that are attached with one or two common walls.  These condos are what we call townhouses here in California with two levels of living space.  The main living quarters like the kitchen, family room and dining area are all located on the lower level and all the bedrooms are located upstairs.  All the condos come with attached two car garages and direct

Buena Vista is an ocean front street located in the north area of San Clemente.  One of the best values along this street are the condos located at 1412 Buena Vista.  Even though the condos are not located on the bluff front side of the street many of the condos have direct ocean views as the steps leading down to the beach are located directly in front of these condos which affords direct views.  Many also love this building for it's low price point with condos often selling for under one million dollars.  There are only 10 units located here with 5 located on the upper level and 5 located down below.  Units in this complex come with a detached garage and can offer high ceilings, open floor plan, outdoor deck or patio and a custom fireplace.  There is

San Clemente real estate prices over the last several years has really since an increase which is making it harder to find properties for sale under the $500,000 price point.  The days are gone where you can find a single family home in this price range leaving only residential condos.  There are just a few select places to look in order to find the best deals in San Clemente for under $500,000.

The first place to find the best deals is the Vista Pacifica complex.  It wasn't too long ago that you could find a nice one bedroom condo for under $200,000 in this complex.  Today, condos currently start $275,000 for a one bedroom unit with 560 square feet.  Two bedroom condos are even more expensive and currently start at $389,000 and go up to $409,990.  The

Real Estate agents have a special day when they get to preview brand new listings that come on the market in the San Clemente real estate market place.  This is called "broker preview" since real estate agents and brokers have the ability to view a large number of listings in a short four period.  Often times, agents will spend just a couple minutes looking at a property and then drive on to the next property.  This allows them to be able to see a large number of properties so they are better able to identify properties that may work for their clients.

The dates for properties located in San Clemente, Dana Point and San Juan Capistrano is every Wednesday from 9:30am to 1:30pm. Buyers are also welcome to attend these open houses and can quickly view a

As we head into the 2016 Presidential Elections one thing is for certain, real estate prices in San Clemente are at an all time high.  This is especially true to residential condos that currently starts at $405,000 for a non-view two bedroom condo.  These prices are very reminiscent of 2007 when prices were at the top of the market right before the housing market crashed.  The biggest thing moving the market right now are low interest rates and the consumer feeling positive about the economy.  With that being said there is a lot of anxiety of what will happen next year.  Many have predicated that we are in a real estate bubble and an adjustment is soon to happen to correct these high real estate prices.  This is further backed up by the Feds wanting to