This week the California Association of Realtors (C.A.R.) reported that August sales in California were up 57% from the same period a year ago.  In the San Clemente real estate market, sales were stable with prior year, however, homes under contract were up 280% indicating that buyers are being priced in and finding deals they are willing to stomach in the current environment. 

As we continue to reiterate, San Clemente real estate has held on very strong relative to the state.  In August 2008 the median price was down approximately 10.2% over the 12 month period while California median price according to C.A.R. was down 40.5%.  This means that San Clemente homes and condos have held on about 75% stronger when compared to the state. 

All of the above is some positive news for San Clemente real estate.  For more information, please contact us!