San Clemente Short Sales

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

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

Shorecliffs area in north San Clemente is a great place to find ocean view homes in San Clemente.  In the last year many ocean view homes have come on the market in the mid $500,000 to $600,000 range.  The homes in this area were first built in the 1960's as single level homes.  Throughout the years there has been a modest mixture of two story homes in the neighborhood but for the most part the majority of homes are one level.  These are smaller beach homes that average under 2,000 square feet with some large homes that range up to 3,000 square feet of living space.  Home buyers who have a budget up to $600,000 and looking for a view property should seriously consider this community.

As a general disclosure it's important to understand that some of

The market is on the upswing in the Ocean Hills community as a recent sale of a 2 bedroom condo that sold for $600,000 after being on the market for 4 days. This is a dramatic change from what we saw last summer when homes prices dipped down in the low $300,000 range. I personally represented the buyer in Ocean Hills home at 724 Calle Casita that sold as a short sale for $315,000 in September of 2012. Since then inventory of homes dropped significantly until the property at 3709 Calle La Quinta came on the market and sold in 4 short days for $1,000 above the $599,000 asking price. The home was a highly upgraded residence that resembled a $2 million dollar home with extensive use of Travertine and Granite in the Kitchen and Baths. The renovation continued

The Cazadero community in the Talega area of San Clemente is one of the unexpected places to find ocean view properties for sale.  The community is a favorite for Talega home buyers due to it's large floor-plans and square footage's that reach over 4,000 square feet.   Homes located on the front row have nice views of the valley and ocean and typically are priced well above the $1 million dollar price point.  The homes also are located on large lots and often feature outdoor entertainment area with private pools, spa's and BBQ areas.  Most of the homes in the community will feature four bedrooms with unique features like hardwood floors and gourmet kitchens.  The community is included in all of the Talega amenities which include several community pools

Presidential Heights is one of the older communities in San Clemente and located near the Orange and San Diego county border lines.  Built in the 1970's, these one and two story condos feature some of the best ocean views you will find for condos under the $500,000 range in San Clemente.  There are actually two communities within Presidential Heights and commonly known as Presidential Heights I and Presidential Heights II.  One of the benefits the condos offer is a great location just minutes to the Riviera & Trestles surf beach and located directly above the San Clemente municipal golf course.  Another benefit to living in Presidential Heights are the views.  Not all condos will have views but select condos in both Presidential Heights I & II will have

For those looking for a senior community in the San Clemente you will find multiple places throughout the city.  If you are in the market to find upscale living then we recommend the Talega Gallery community.  The Talega Gallery is the name of the general area where you will find 4 different and unique communities that co-exist with each other behind the gated entrance. 

One of the these communities is called "Sandridge."  Sandbridge homes are elegant homes that enjoy all the benefits that the Talega Gallery has to offer.  One of homes featured below is a perfect example of what you can expect to find in this community.  Some of the unique features of the home include 22 foot ceilings with a formal dining, living and family room.  The home features 3

The Catania gated community in Talega is not one of the well known neighborhoods in San Clemente.  The community is located at the very end of Talega tucked away in a quiet area that has restricted access to non-residents due to it's gated entrance.  I truly believe this is one of Talega's best kept secret since the floor plans are some of the best to be found in the Talega. 

The community is split into two different sections, one located on the west side of the street "Avenida Talega" and have incredible ocean views.  I would venture to say these are the best ocean views you can find in Talega for under $1 million dollars.  The homes on the west side will have less of a view are are located on three quiet streets.  The model homes were actually located

For those who have been following the market in San Clemente for the last year you are well aware of the shortage of inventory in the last year.  Starting in mid-summer the San Clemente Real Estate market saw a drastic decrease in the number of homes coming on the market.  One of the areas most hit was the Southwest San Clemente area for homes under $1,000,000.  As a lot of buyers quickly realized that the bottom of the market has been passed and homes were starting to increase in price was the time these buyers wanted to get back into the market.  The sweet spot for a lot of buyers is under the $1,000,000 price point.  Early in the year we saw several homes sell in the low $500,000 range which gave encouragement for those who have been wanting to live in

A San Clemente short sale listing has just been sold by San Clemente short sale agent Sam Smith who represented the buyers.  The short sale was located in the Ocean Hills community and featured 3 bedrooms with an ocean view for the incredible price of $315,000!  The Ocean Hills community is located next to Sea Pointe Estates gated community on the north side of town which is located across the street from Trader Joe's and the Ralph's Shopping center.  The community has several community pools and a small golf course to practice your golfing.  Short sales have become the very best way to buy distressed properties at low prices.  This short sale did take approximately 3 months to get short sale approval but the end result was a great deal for Sam's buyers

Finding a home in today's market can be tough when faced with the record low inventory of homes in the San Clemente Real Estate market.  One of the best deals in the current marketplace are "short sales" as bank owned and foreclosures properties have almost disappeared from our market.  Short Sales are considered distressed sales but have many significant differences than a foreclosure property.  The main difference is time.  If are willing to be patient and have time to wait for a bank to make a decision on a short sale then they may be the perfect vehicle for you in finding your dream home. 

A new short sale listing has come on the market in the "Reserve South" community in San Clemente.  For those not familiar with San Clemente, the "Reserves" is a

A San Clemente short sale has just gone in escrow by San Clemente Real Estate agent Sam Smith who represents the buyer in this short sale transaction. 724 Calle Casita is located in the Ocean Hills golf community in San Clemente, California. These town-homes are widely popular due to their prime location on the north side of town near Trader Joe's, San Clemente Krikorian Theater and the San Clemente Hospital. From this location you have easy access to the 5 freeway and just minutes to the beach. The townhouses at 724 Calle Casita 3 bedroom condo with wonderful ocean view that was listed for the amazing price of $315,000. The condos at Ocean Hills are split level where you have your entertainment spaces up above and bedrooms located below. Upstairs

The San Clemente Southwest area is a great place to live and is located in the west side of the freeway in the south west section of San Clemente, California.  San Clemente Real Estate agent Sam Smith has just put in escrow a three bedroom home located in the Southwest area that was listed for $599,000.  It was only last year in 2011 when homes in the $500,000 could be find in this sought after community but things have changed quickly in recent months.  With the shortage of homes on the market and demand of buyers wanting to buy has caused home prices to start to climb back up. 

Since the sale of 110 W Avenida Del Los Lobos Marinos then next lowest price home is currently listed just under $900,000.  The mid range of $700 to $800,000 homes has quickly

The Reserves is one of the most exciting communities that has been built in the last 10 years in San Clemente.  Known as one of the best family neighborhoods, the Reserves are located in the Forster Ranch area of San Clemente where four separate communities have been built.  All four of these communities are located behind electric gates which offers an extra layer of security when living in the Reserves.  The communities are simply known as the Reserve West, Reserve East, Reserve North and Reserve South.  If you are looking for a gated community under $800,000 with ocean views then the Reserves are a great place to start.  The homes were built around 2004 and built in the Spanish, Mediterranean and Arts and Crafts styles.  Homes sizes, views and prices

Let's face it, we are all getting older!  As the older we get the more a single level home makes more sense.  For starters, you get to enjoy all the amenities and rooms on the home on one level.  This provides a nice flow to the home as everything is accessible quickly.  Also, avoiding the many steps to a second level home is crucial as you get older and find it hard to get up and down steps.  A lot of home buyers are specially seeking out neighborhoods and homes where you can find one story single level homes for sale.  With over 40 communities in Talega finding the right communities is the first step in narrowing down your search.  If you prefer to live in a senior 55+ community then the gated community of the Talega Gallery is an obvious choice.  The

San Clemente is small little beach town in Orange County, Ca that has seen tremendous growth in the last 10 to 15 years.  One of the biggest changes is the development of the Talega area.  Talega is home to over 40 communities and 3,000+ homes with a wide variety of architectural styles and models.  There is a little bit of something for everyone from small starter 2 bedrooms condos in the $250,000 range to larger luxury estate ocean view homes in the $1.5 plus range.  With the downturn in the real estate market, the Talega homes have really seen a drop in real estate prices in the last 5 years.  As a result you will find more motivated sellers who are willing to sell their home creatively and use different techniques to get their home sold.  One of these

If you are in the market to find San Clemente gated community homes for sale under $800,000 then we recommend the following three locations.  The first location is the Vittoria community located in Talega.  This gated community shares the common gated area with the upscale "Catania" area and features large two story Mediterranean style homes for sale (see picture below).  A recent home just came on the market there for $750,000 that features over 3,000 square feet with peek views of the ocean.  The home has the main living quarters on the ground level with living, dining and family rooms.  There is even a downstairs den/office that could be used as a bedroom.  Upstairs features 3 additional bedrooms with a large master suite with it's own private view

One of the best spots to find ocean view homes in San Clemente under $1 million dollars is the Reserve West community.  It was only a couple of years ago where the thought of buying an ocean view property in this gated community was only a dream.  Now with the recent downturn in real estate prices ocean view homes have been coming on the market in this price point.  What is "The Reserves?"  The Reserves is a gated community that was master planned to feature four luxury gated communities in the Forster Ranch area of San Clemente.  The communities are located just 3/4 of a mile to the beach and feature direct ocean views down the Marblehead valley.   The homes are newer construction which is the main draw in comparison to the Talega area homes.  In

A Dana Point short sale home just been sold by San Clemente Real Estate agent Sam Smith who represented the seller in this real estate transaction.  24941 Seagate, Dana Point CA is located in the beautiful gated community of Waterford Point area and is considered one of the best values when looking for a home in a secure community and sold for $450,000.  The homes around the front perimeter of the community have wonderful ocean views while homes on the interior have great canyon and mountain views.  This short sale successfully closed by the short sale specialists at the Sam Smith Team.  Upstairs featured a wonderful open space with a large living & family room.  In addition, a separate dining and breakfast nook added to the upstairs living space. 

A San Clemente Short Sale has just been sold by San Clemente Short Sale agent Sam Smith of Beach Cities Real Estate where he represented both the buyer and the seller in this real estate transaction. 124 Avenida Santa Margarita a traditional short sale where the owners owed more to the bank and were no longer able to afford the monthly bank mortgage payments. The property featured two large bedrooms and two additional non-permitted rooms located in the back part of the house. The location was ideal as the beach was just several blocks away. The home back to Camp Pendleton and located in the Southeast area of San Clemente. The home was negotiated successfully and sold for $400,000. Sam Smith specializes in helping sellers short sell their homes and offers