San Clemente real estate, including Talega real estate, for the month ended February 2009 continued to show an increase in the number of homes and condos sold and under contract as compared to 2008.  The number of San Clemente homes and condos sold year-to-date February 2009 was 72 as compared to 66 in 2008, representing a 9.1% increase.  The more promising news given current economic conditions is the number of homes under contract as this figure is up 31.8% at 29 as compared to 22 for February 2008. 

For the month ended February 2009, the average sales price for San Clemente real estate was $710,448 as compared to $803,775 prior year, representing an 11.6% decrease. As noted in each blog on the monthly San Clemente real estate market performance, the city continues to hold on more than two to three times stronger than Orange County and California real estate respectively.  The average San Clemente homes and condo sold for 93.8% of the adjusted listing price and 83.5% of the original listing price.

The average days on market (DOM) held steady at 117, the same as prior year, however, still above historical averages of 60-90 days.  As foreclosures and short-sales, many located in the Talega real estate market, continue to clear we will see the historical average come back in line for a more stable market.

For more information on San Clemente real estate, please do not hestitate to contact your exclusive San Clemente real estate agents.

This entry was posted on Tuesday, March 3rd, 2009 at 12:26 pm and is filed under 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.