Consumers at this point are well aware that nationally real estate has taken a beating and the mortgage market is a complicated mess. However we need to remember real estate is a regional and local issue for buyers and sellers within there own communities. South San Clemente real estate is different. Just take a look the recent data to support this statement.
> Inventory is 18% below that of last June 2007 and it would only take 8.9 months to unload all the home in San Clemente compared to 20.3 months just last September.
> 75 homes closed escrow in June 2008 only 23% of those sales were condominiums.
> Pending homes in escrow as of June 2008 was pegged at 107
> Only 9% of current listings in San Clemente are short sales
> There are 18% less homes for sale in June 2008 as compared to June 2007
We face challenges in this market, however one might ask. Should I sell, should I buy up or buy down, should I invest? Should I rent?
Opinion submitted by Sean Reynolds at www.Reynoldsgroupoc.com
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Specializes in Ocean front, ocean close, condos and vacation rentals in San Clemente.
Keller Williams Realty - Spartanburg, SC
May I be one of the first to welcome you to the ActiveRain community - full of information, ideas and surprises. Enjoy and share!
Aug 12, 2008 09:59 PM
Keller Williams Realty - Spartanburg, SC
Welcome to the Active Rain Community! This is a great site to network, learn, and share ideas with others. Have a great day!
Aug 13, 2008 12:11 AM
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC
Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!
Aug 13, 2008 01:07 AM
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC
Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from. Have fun with it and hope to see more of your blogs soon!
Aug 13, 2008 01:48 AM
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...
Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.
Aug 13, 2008 02:12 AM
Keller Williams Greenville Central - Simpsonville, SC
Welcome to Active Rain. I hope you will enjoy it and learn from it as much as I do. Happy Blogging.
Aug 13, 2008 03:05 AM
Mountain Country Realty - Lake Arrowhead, CA
Sean - Welcome to Active Rain and congrats on your first post. Be sure to spend some time looking around at what and how others are blogging here. It is a great education and lots of fun. Looks like you're off to a great start...keep it up!
Aug 13, 2008 03:41 AM
Keller Williams Realty - Spartanburg, SC
Welcome to Active Rain! This is a great site to network, learn and share ideas with others. Thanks for a great post and I look forward reading more in the future. Have a great day!
Aug 13, 2008 06:34 AM
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC
Hi, and welcome to Active Rain. Hope you have fun and learn while you network and share ideas. Thanks for a great post, and good luck, Jean
Aug 13, 2008 01:17 PM
Keller Williams Realty Partners - Spartanburg, SC
Congratulations on becoming a new member of ActiveRain. Being a new member myself less than a week and only posting a couple blogs so far I truly see the awsome advantage that this is; and only the beginning of a healthy and wealthy relationship of abundant professionals. Best of Luck to all of us, Nance
Aug 13, 2008 04:52 PM
Van West Realty - Greenville, SC
Co-Founder/Co-Owner
Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!
Aug 14, 2008 08:44 AM
Why San Clemente California is Different
Comments(11)