San Clemente or Dana Point? – Orange County Register

How the South County seaside housing market? Are resales hotter in San Clemente or Dana Point?

Here are homebuying highlights for San Clemente and Dana Point from ReportsOnHousing for August. This house-hunting data tracks resales of existing detached and attached residences in the community.

Analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.

In San Clemente …

Sales: 102 sold vs. 93 a year ago.

Average sales price: $1,038,803 that ranked No. 10 out of 46 Orange County markets tracked and was up 7.1 percent in a year.

Compared to list: Sellers got 97.5 percent of what they typically asked for, ranking No. 37 of the 46 markets.

Range: High sale of $4,400,000 vs. the $425,000 low.

Sizing: On average, buyers paid $457 per square foot on a 2,274 square-foot residence. This pricing metric was up 11.7 percent in a year.

Market speed: 75 days, listing to escrow opened vs. 130 days a year ago and 111 days two years ago.

In Dana Point …

Sales: 60 sold vs. 70 a year ago.

Average sales price: $1,092,758 that ranked No. 9 out of 46 Orange County markets tracked and was down 19.3 percent in a year.

Compared to list: Sellers got 97.2 percent of what they typically asked for, ranking No. 42 of the 46 markets.

Range: High sale of $4,250,000 vs. the $315,000 low.

Sizing: On average, buyers paid $531 per square foot on a 2,057 square-foot residence. This pricing metric was off 12.2 percent in a year.

Market speed: 123 days, listing to escrow opened vs. 145 days a year ago and 110 days two years ago.

Compare those patterns to countywide trends …

Sales: 3,110 sold vs. 3,069 a year ago, up 1 percent.

Average sales price: $831,964 — up 5.8 percent in a year.

Compared to list: Sellers got 98.1 percent of what they asked for.

Range: High sale of $21 million vs. $58,500 low.

Sizing: $447 per square foot (on a 1,863 square-foot residence), up 5.6 percent in a year.

Market speed: 64 days vs. 78 a year ago and 80 two years ago.

How much housing can you buy for $350,000?

SEE: $350,000 new home in O.C.? Coming soon to Rancho Mission Viejo

Read the full article from the Source…

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