San Clemente real estate, including Talega real estate, finished off much stronger in 2008 then the way it began.  In August of 2008, the number of San Clemente homes and condos sold were down over 16% from prior year, however, by the end of the year they were down only 6.7%.  For 2008 the average price received for San Clemente home or condo for sale was $837,791 compared to $988,555 prior year, representing a 15.3% decrease.  While this appears to be a huge drop, the San Clemente real estate market faired much better than Orange County and California real estate where average price dropped more than two times this amount.  In addition, the decrease in prices has resulted in the number of homes sold during the second half of the year to increase significantly.

For the month of December, some more positive news for San Clemente real estate continued from prior months report.  The average days on market for the month was down to 67 as compared to 111 for the same month prior year, representing a 39.6% decrease.  The total number of homes under contract were up 41.7%, even given the current economic environment and the slowdown around the holidays.  This represents some positive news for the 2009 real estate market.  Lastly, for the month ended December 2008, San Clemente homes and condos for sale on average sold for 88.1% of the original listing price and 95.8% of the final listing price. 

For more information on San Clemente real estate, including Talega homes and condos for sale, please do not hestitate to contact your exclusive San Clemente realtors for a free consultation.

This entry was posted on Friday, January 16th, 2009 at 5:35 pm and is filed under Market News & Analysis, Market Statistics, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.