ResalesSan Clemente, California: Life"s A Beach For Sellers
On the coast, halfway between Los Angles and San Diego is the beach town of San Clemente where home prices continue their upward trend, but great beach buys are still available say local Realtors.
"San Clemente and adjacent Dana Point feature beaches, piers, yacht harbors and jetties for water fun," says Realtor Debbie Ferrari. "San Juan Capistrano hosts the famous Mission. Aliso Viejo is a new suburban city laced with many rustic and developed parks. Laguna Niguel is an upscale community with two five-star hotels and many million dollar-plus homes."
Ferrari advises, "San Clemente prices are not jumping leaps and bounds like they once did, but nearly every home that sells, sells for slightly more than the last one. Buyers should be looking for homes only if they have started the process of being approved for a loan. And if they have a home to sell it should at least be on the market and they should be willing to get a swing/bridge loan if they find a property they want to buy. Also, when deciding what to offer on a property, buyers should be looking at what else they can get in the amenities they need more than looking at past comparables for the neighborhood. It"s nice to know what the neighborhood has done in the past, but you might miss out on a good value if you try to get the property for the last comp."
img border=0 align=right hspace=0 width=40 height=50 src=http://realtytimes.com/nls/lookupbyid/AndrewJBudniewski/$file/AndrewJBudniewski.jpg> Says Realtor Andrew J. Budniewski, "Many Realtors are anticipating a "strong and steady" real estate market in South Orange County for the year 2003. Fueled in part by an inventory shortage and favorable mortgage interest rates, a steady sales pace is expected with continual gains in home prices. A modest gain in home prices is anticipated but nothing like that of 2002"s price appreciation levels. If the economy staggers, price softness could be in store but predictions cap that level at 10 percent or less.
"Affordability remains a concern as the "recession" may not be over quite yet," suggests Budniewski. "Job growth and personal income growth have appeared to become stagnant but there seems to be no sense of panic as far as the real estate market in southern California is concerned. The economy of Southern California seems to have "weathered the storm" better than most parts of Northern California and the nation, and has been able to absorb most of the jobs recently lost and the real estate market has been one of the states strongest industries in the past few years."
He advises, "In review, there are no signs of an imminent collapse in the housing prices of Southern California. At the moment there are more buyers than sellers which will keep prices at or above current levels."
img border=0 align=left hspace=10 width=40 height=50 src=http://realtytimes.com/nls/lookupbyid/BrownTyndallTeam/$file/BrownTyndallTeam.jpg> "Sales continue at a strong pace as we enter the spring, summer months with sales prices holding firm," say Realtors from the Brown-Tyndall Team. "Interest rates have ticked up slightly but are still very affordable for buyers."
The team notes, "Inventory of homes "For Sale" is also low which is good news for Sellers, however, we are starting to see more inventory and expect that trend will continue through the summer months. Buyers are still in the marketplace due to the low interest rates which enables them to buy at a higher sales price and still be afforable due to the low interest rates."
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