San Clemente real estate, including Talega real estate, for the month of April 2009 compared to April 2008 continued to show improved sales figures.  The total number of San Clemente homes and condos sold during the month totaled 181 compared to 165 prior year, representing a 9.7% increase.  On the other hand, San Clemente homes and condos coming on the market for the month was down nearly 16.4% from prior year.  With more homes selling and fewer on the market, the inventory of San Clemente real estate for sale continues to retreat to historical levels. 

Current inventory based on April 2009 sales of 59 units is approximately eight months while a year ago there was more than 12 months of inventory on the market.  To add to the positive news, the average days on market for April 2009 was 88 as compared to 103 a year ago, representing a 14.8% decrease.  An average days on market of 60-90 days usually indicates a stable market.  The outlook for May continues to look strong as compared to prior year as there are currently 38 homes under contract, an increase of 26.7% from prior year.

The average sales price for April 2009 was $699,863 as compared to $984,916 a year ago, indicating that the bulk of sales continues to be short-sales and REOs / bank-owned properties.  If you would like more detailed information, such as the average sales price per square foot by different areas, neighborhoods or property types, please contact us and we will be happy to provide a more in depth analysis.

This entry was posted on Tuesday, May 5th, 2009 at 2:51 pm and is filed under Market News & Analysis, 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.