San Clemente Real Estate Picture

MEDIAN PRICE OF REAL ESTATE IN SAN CLEMENTE

IS MORE THAN $900,000 FOR A SINGLE HOME.

As of now, Mid April, 2007, there are 663 homes for sale in San Clemente, California at a medial price of $989,000. Isn’t that Amazing?

When my husband, Bill Koelzer, first started coming to San Clemente to be with me, the home that I sold that first week cost about $230,000 and that was in 1994. Now it sells for more than $800,000.

There are also 31 NEW homes for sale in San Clemente and the median price of those is $1,078,500.

There are 57 foreclosure homes in San Clemente and the median price of those is only $560,000 which I suppose goes to show that if you have to ask how much a yacht costs, you can’t afford one. In other words (for the parable-challenged) people who buy expensive homes usually have the money to KEEP making payments on them; those who don’t, don’t.

That would also explain why expensive homes have not been nearly so affected by this slight housing downturn as have the lower priced ones that families just managed to “squeak” into. So much for “delayed gratification” huh?