Why San Clemente California real estate is different

By
Real Estate Agent with Reynolds Group OC

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.

Comments (11)

Marcy Fedalei
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
Patricia Fisher
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
Ginger Ryals
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
Yvette Gardner
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
Kirk Westervelt
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
Crystal Corr
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
Greg Steffens
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
Nate Blankenship - Spartanburg, SC Realtor
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
Jean Terry
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
Nance Burdette
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
Lorena Westervelt
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