Residential Real Estate in San Clemente, California has seen a lot of changes in the last 5 years
. Our real estate market like other parts of the county when from seeing home prices soar in 2006 and 2007 and then to come down in the years to follow. As the San Clemente Real Estate market has moved through the downturn we have realized that prime beach property will always hold it's value no matter what the market is currently doing. Prices have come down a little for most parts of San Clemente Real Estate but properties in demand are still selling for modest prices in today's real estate market.
A lot of San Clemente home buyers took advantage of the tax credits that were available to them in the early part of 2010. In addition, many San Clemente home buyers felt confident that we have reached the bottom of the real estate market and took advantage of lower than usual real estate prices for beach homes here in San Clemente. First time home buyers were able to take a $8,000 Federal Tax credit in addition to a $8,000 California Tax credit if they timed the purchase correctly.
We get a lot of questions regarding the forecast for 2011 real estate market. We are still seeing a lot of homes buyers being confident in making offers on short sale and foreclosure properties as these provide opportunities to first time buyers, real estate investors, and owner occupant residential real estate buyers. Our impression of the market is that we will continue to have a brisk real estate market with active homes sales in combination of fewer foreclosures and more short sales to hit the market.
If you have been thinking about buying a San Clemente beach property now might be the right time as we have seen record low's for beach real estate. As consumer confidence begins to become strong real estate prices will follow.