$615,000 - 5 Paseo Luna, San Clemente

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…

One of the most affordable places to find condo rentals in the Talega area is the Alassio tract.  For the most part, rental prices have consistently been under the $4,000 a month range for 2 and 3 bedroom condos that start just over 1,200 square feet of living space. The most recent rentals that have been leased out are feature below in this rental history chart and give you a good idea on what things rent for here. I love this location as it's a short walking distance to the Ralph's shopping center filled with some great restaurants and retail stores.  One thing to keep in mind is that these condos are located multiple levels that often comes with attached garages that offer direct access into the condo.  Some of the features that are…

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…

San Clemente has a large number of properties on the market for sale right now that are being marketed as fully furnished.  This is becoming a big trend in selling a home  How exactly does it work?  For starters, there are various degrees in which an owner can decide to sell a home.  We see some sellers offering select pieces of furniture to be included in the sale while others will offer completely everything including kitchen plates and silverware.  One of the first things you should do it make a quick estimate on how much the furniture would cost if you were to buy it.   It's important to also factor in the selling price of the home as well.  If the home is priced correctly and listed at a price point of where…

There is one thing that is true about real estate no matter where you decide to buy and that is always about location.  You can always change the interior of the home but you can never change the actual location of the land that the property sits on.  This is also true for homes located on a corner lot as these types of properties are considered prime real estate here in San Clemente.  One of the main reasons why homes on corner lots are so desirable is having only one neighbor to the side of you.  If you like having extra privacy then this is type of property that will give you the extra space that you are looking for. There are also other factors as well.  Homes on corners lots tend to be typically larger than other…

One of the benefits of living in the Southern California is the sunny weather we get to enjoy pretty much all year around, except for the June gloom that that occurs every year.  Many residents have used this benefit to aide in going green and using solar panels as an alternative to electricity.  The technology in this field has drastically changed over the years and as a result has become more affordable.  Many homes in San Clemente are installing solar panels on their roofs which has become a huge selling point when it comes time to sell.  Markeing a home with solar panels really does appeal to those who want to live a more green focused living and for those who are also cost conciecous who want to save money. There are…

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…

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…

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…

2012 is turning out to be a great year as buyers are back in the market looking for properties.  With the current low inventory of homes buyers are open to looking at fixer upper homes as a way to get in to San Clemente Real Estate marketplace.  Fixer upper homes rarely come on the market and can range anywhere from a small condo to large ocean view home.  If you don't mind a little sweat equity and you enjoy fixing up homes then these properties may be perfectly suited for you.  A recent fixer upper home has recently come on the market in the Mira Coast Villas condo community here in San Clemente, California.  Mira Costa Villas is an older complex here in San Clemente that were built in the late 1970's.  The condo is currently listed for $369,000 and…

Relocating can always be challenging when considering moving from your current home location.  Moving to an area that you are not familiar with can be scary and not understanding the nuances and price factors that contribute to the different areas can be challenging if you are not working with a skilled San Clemente Realtor.  A good San Clemente Real Estate agent can give you a brief rundown of the city and help you find the perfect San Clemente community for you.  There are so many great areas in the San Clemente area but local knowledge of factors that may effect home prices need to told to any prospective buyers.  These factors can include land shifting, freeway proximity and noise as well as residential and mixed use areas.  Also, make sure to ask…

As with most home buyers in today's market, everyone seems to be looking for a deal.  San Clemente is a great place to find ocean view condos under $200,000!  The inventory of condos at the current moment is extremly low as most sellers don't put their home on the market until the spring and summer times.  If you are in the market to buy a condo with a budget of under $200,000 you may be interested in this ocean view condo located at 2501 S El Camino 215, San Clemente that was listed by Sam Smith of Beach Cities Real Estate for $184,500!  The condo has been newly renovated with textured ceilings, new carpet, paint and laminate flooring.  One of the great features of this condo is the ocean & golf course views.  If you…

If you are looking for tax shelters in today's economy many are turning away from the stock market and heading towards the real estate arena. With record low prices and rock bottom interest rates buying homes has never been cheaper. This is especially true for real estate investors that are buying homes with interest rates in the 4% range! This is something I thought I would never see happen. Buyers are now realizing that their monthly mortgage payment may be less then the amount of rent they can bring in on lower end properties. This can be achieved with putting as little as 20% down for homes under $300,000. We have several clients looking to buy multiple properties in this price range due to the affordability factor and monthly cash flow they will…

There are many great communities in Talega to choose from, in fact there are over 40+ communities to view homes for sale.  If you have a budget of $400,000 or less then viewing townhomes in Talega is your best bet.  Within the Talega area you will find three different communities where buying a townhome under $400,000 is a reality including Alassio & Santalana neighborhood homes.  The Santalana tract in Talega is one of the best when looking for a well thought out floor plan with modern amenities like granite countertops and crown molding.  The Santalana community is located in the heart of Talega and walking distance to the local Talega center and golf course.  You will find many restaurants and shopping located nearby…

One of the best places to buy approved short sales in San Clemente for under $300,000 is in the Alassio tract in the Talega community.  What is an approved short sale?  An approved short sale is where the owner has decided to do a short sale with the bank and has formally sent in the short sale package along with an accepted offer.  The bank has already approved the short sale that contains the seller's financial statement and they have agreed to sell the home at a designated price.  What typically happens when you see an "Approved Short Sale" being advertised is when an offer has been sent in, the bank approves the offer and then the buyer backs out for whatever reason.  Since the bank has already accepted a price then…