For the month ended November 2008, San Clemente real estate sold increased 14.29% compared to the same month prior year.  This is another consecutive month that sales have been better than prior year and continues to indicate that things are improving for the San Clemente real estate market. 

Another indicator that the market appears to be improving is total number of homes under contract at the end of November.  San Clemente homes and condos for sale under contract at the end of the month totaled 33 as compared to 9 prior year, representing a 266.7% increase.  This means we are looking at a solid month of December sales to come. 

The average sales price year-to-date was $851,251 as compared to $982,872 prior November, representing a decrease of 13.4%.  Since the San Clemente real estate market hit its high in 2006, average sales price has decreased approximately 16.3%.  As a comparative, Orange County and California real estate is down approximiately 25% and 35% respectively.  Clearly this indicates that San Clemente real estate has held on much stronger to the correction and is less sensitive to economic conditions being a coastal city.

Lastly, the average sales price for a San Clemente home or condo as a percentage of the final listing price was 93.97% and 89.81% of the original listing price for the month ended.

For more information on San Clemente real estate, including Talega real estate, please contact us!