Welcome to March! Before you know it, June will be here and the kids will be out of school and the real estate market should he humming along nicely.. ! (uhh.. maybe..) Whether you're looking to buy or sell, one thing for sure is that with each passing month, we are that much closer to end of this long and somewhat painful recession. Exactly when still remains the topic of much speculation but one proven fact is that by the time you are hearing about the "End of the Recession" and that the "Bottom has finally hit" in the mainstream media, it probably happened months before. Anyone who is seriously considering buying or selling and has been waiting on the sidelines should take a serious look at doing so.
The San Clemente February home sales figures have shown some impressive discounts being had and not all of them on starter condos or that long vacant foreclosure that was trashed to the point of being a "knock down remodel". Of the 57 closed sales recorded through the CRMLS ® for the city of San Clemente, there are over 24 that closed with discounts to the originally listed sales price of double digits. There was the starter condo at 1040 Calle del Cerro that sold at a 13% discount but consider that 12 Via Conocido in Talega was discounted approximately 18% to it's closing price of $1,200,750, for a 5,800 square foot, six bedroom, seven bath estate. One of the biggest bargains was just 250 yards from the beach at 235 West Escalones. It was actually two homes that sold for $700,000, down from it's original list at $975,000, over a 28% discount.
Take a look at this link SanClemente 12-month Sales History ~ March 2011 to February 2012 for all the preceding sales for the complete year. Until the next post.....
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