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San Clemente, CA | Spring 2010 Market Update | REOs, Short Sales, and Standard Sales

As of March 24, 2010 there are 380 listings in San Clemente. This includes single family homes and condos. Of these 380 listings, here is a break down by Standard Sales, REOs and Short Sales:

Standard Sales: 260 listings, 68% of the market, is comprised of Standard Sales. These are Equity Sellers, meaning that they are not in default or in foreclosure.

  • The average time it takes to sell a Standard Sale listing in San Clemente is 89 days.
  • The average asking price of a sold Standard Sales since 1/1/2010 is $794,254.
  • The average sold price since 1/1/2010 is $752,630.
  • The average price of a Standard Sale on the market today is $1,207,320.

REOs: 24 listings or 6% of the market is comprised of REO properties. These homes have already been foreclosed on and taken over by the lender. REO properties are also known as Bank-Owned properties.

  • Since 1/1/2010 the average time it takes to sell a bank-owned home in San Clemente is 47 days.
  • The average list price of an REO property is $555,534 vs the sold price of %554,837.

Short Sales: 81 listings or 21% of San Clemente homes for sale are Short Sales.

  • The average days on market for a short sale is 116 days.
  • The average list price is $711,822 vs. the average sale price of $700,079.

For more specific market information on the San Clemente market please visit: HomeValueSanClemente.com

Sabina Brown

Sabina@TeamSanClemente.com

First Team Real Estate, San Clemente, CA

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~ Serving San Clemente and South Orange County ~

Posted Thursday Mar 25