Sep
29
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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…
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Oct
20
882 Views, 0 Comments.
One of the biggest trends in real estate are from buyers looking to buy a one story home due to a variety of reasons. Many of the clients that we deal with are looking to down size from larger homes and life in a home that doesn't feature any stairs or levels. We see this a lot from baby boomers in recent years who are looking for their final retirement home and looking down the road where they may not be able to go up and down stairs at a later time in life. So the where can the best single level homes be found in San Clemente, our quick guide will show you were to look.
The most affordable one story homes can be found in the 55+ communities like Colony Cove, Bay Cliff Village and Talega Gallery. The first two…
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May
18
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San Clemente is an older beach town down that dates back to the 1920's when the homes were first built here. Since many of the neighborhoods in San Clemente have been around for a long time you won't typically find any Mello Roos in these neighborhoods. Mello Roos is a bond that is associated with brand new communities as a way of passing on the costs to the homeowners associated with building a new neighborhood. Builders are always looking for ways to minimize the costs when building homes and creating a Mello Roos bond which typically goes for 25 to 30 years and is smart way for them to avoid the costs associated with building streets, sidewalks, etc in a new community. Most buyers don't like this added extra cost when buying a…
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Nov
4
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San Clemente offers a wide variety of neighborhoods to choose from the downtown San Clemente area that was originally built staring in the 1920's to newer areas like Talega that started constructions approximately 20 years ago and has spanned over 40 different communities. The one thing that all of these homes have in common is offering homes that are located on cul-de-sac streets. When looking for a home most buyers have a bucket list of items that they want to have in their new home. Location is typically at the top of the list when a client wants to live in a certain neighborhood or an area that is approximately that is a certain distance to the beach. Many times buyers will also want to have a private location which a…
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Sep
10
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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…
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Dec
10
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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…
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Oct
8
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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…
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Mar
5
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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…
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Aug
21
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San Clemente has several areas and neighborhoods of homes that can accommodate RV Parking. One of the first areas that comes to mind is the Forster Ranch area of San Clemente. One of the reasons that this is the #1 area is due to the age of these homes. Many of the homes in the Forster Ranch area where built in the 1970's when homes were not built so close together and tend to be located on large over-sized lots. Many of the lots have special driveways that can accommodate RV Parking directly on the home which is ideal for those who own RV homes. There are also neighborhoods like Tocayo Canyon in Forster Ranch that have dedicated areas for RV parking. The best part about the Forster Ranch area is that home prices tend…
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Apr
11
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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…
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Jan
2
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The Mariners Point community is a hidden gem when looking for large scale homes that offer views of the Pacific Ocean. Located at the top of the ridge in the Southeast section of San Clemente is a premier neighborhood that offers wonderful views. Since the 5 freeway runs through the middle of San Clemente it's very hard to find an ocean view home that doesn't have some kind of freeway noise. The Mariner's Point community seems to be the exception to this rule with wonderful ocean and coastline views looking down towards San Diego with the street "Avenida Salvador" which acts as a sound buffer.
The homes in this area are typically two story and built in the Traditional, Spanish, Tudor and Mediterranean architectural styles. Real Estate prices are…
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Mar
19
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San Clemente has many ocean view streets but there is no comparison of the views you get from the street known as "Avenida Salvador." Avenida Salvador is located at the top of the hill side ridge that overlooks the city of San Clemente and has panoramic and direct views of the Pacific Ocean and the San Clemente Pier. Many of the homes also have coastline views which truly are spectacular to view. The area is sometimes referred to as "Salvador Hill" based on it's hill side location.One quick tip when looking for a home on this street. Homes with an "even" house number will be located on the ocean front side of the street. Homes with an "odd" house number will be on the non-ocean side of the street. This is the quick and easy way to determine the…
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Aug
30
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Surfers looking to live next to the Trestles surf break in San Clemente should look no further than the Cyprus Shore gated community. In fact, you will find four gated communities located right next to each other that share the same private access to the beach. The communities consist of Cyprus Shore, Cypurs Cove, The Breakers and Cotton Point Estates. Each of the communities have different price range and style of homes.
#lowers-video#
If price is no object then you will want to live in Cottons Point community. Home prices are typically well above 5 million dollars and is the closest community to the Trestles Surf Break. Cyprus Shore is located next to the Cotton Point Estates community and features oceanfront and ocean view homes. If you are…
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May
24
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Homes For Sale in San Clemente with Ocean Views is one of the most requested items when out of state home buyers come to San Clemente to buy a home. Having an ocean view makes you connected with the ocean and the beach and makes you feel like you are living the California lifestyle. Recent years have seen ocean view properties come down in price with many single family homes selling in the $500,000 with ocean views! Where is the best place to look for an ocean view property? Well that depends what kind of home you want. Homes located by the beach will be more expensive do to it's location so the amount of ocean view you will have will be very limited unless you get closer to the beach and have a higher budget. If you are looking to maximize your…
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Apr
12
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A San Clemente Ocean Fairways condo has just been sold by San Clemente Real Estate agent Sam Smith who represented the seller in this real estate transaction. The one bedroom one bath condo featured newly renovated finishes which included new carpet, paint and kitchen flooring. Ocean Fairways is a great condo building located in the Southeast section of San Clemente with three levels of condos. The building features a wonderful greeting room with an association pool and tennis courts. One of the best benefits of living here is the close proximity to the San Clemente municipal golf course as well as the underground parking and a location that's just minutes to the beach. This one bedroom condo sold after being on the market for a little over 30 days…
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Mar
15
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A Southwest San Clemente Home has just been sold by San Clemente Real Estate agent Sam Smith who represented the seller in this real estate transaction. 173 W Avenida Alessando, pictured below, was a cute two bedroom two bath home located in the desirable south west area of San Clemente situated between the San Clemente Pier and Trestles surf break and sold for $650,000. This area is one of the most requested areas to live since all the homes have been custom built over the years and each and every home has it's own unique style and personality! This bungalow style home a featured large front and back yard which is ideal for entertaining. The home even had an peek view of the ocean from the inside living room. The kitchen was also done in the…
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Feb
18
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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…
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Feb
9
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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…
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Jan
19
3558 Views, 0 Comments.
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…
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Jan
12
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San Clemente is a hot destination for those who love to surf and there is no better place to catch some waves then the famous Trestles surf break located in San Clemente on the Orange and San Diego county boarder. Many surfers are now relocating to the San Clemente area and looking for homes near this famous surf break.
#lowers-video#
If your budget allows then you will want to buy in the three gated communities located near Trestles. These three gated communities consist of "The Breakers," "Cyprus Cove," and "Cyprus Shore." Homes don't come cheap in these communities so plan to spend at least $1 million dollars to find a home here with ocean front homes starting around $5 million. The flip side is that you will reside in a gated community…
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