San Clemente Homes For Sale Under $1,000,000

San Clemente homes for sale offer some of the best opportunities for property investors

and homeowners who appreciate the true value of homes that provide breathtaking view of the ocean. With the prevailing market conditions, you can now find your dream home in gated communities and other upscale sections of the town for as low as $1,000,000. These price points are about 40 to 50 percent from the price levels of the same homes prior to the bubble burst in 2007. Indeed, San Clemente homes provide a wide range of choices for those who are seriously in the hunt for sound long term investment options.

A Good Choice for Serious Home Buyers

San Clemente CA real estate now boasts of one of the lowest home prices among the beach towns along the US west coast. Midrange home properties in San Clemente carry price tags which are up to 50 percent lower than the prices of similar homes in Newport Beach and Laguna Beach. The town is renowned for its rustic charm, and it presents a seamless convergence between its storied past and its contemporary present-day structures. Numerous old buildings and homes that date back to the 20s and 30s can still be seen in various parts of this idyllic town of Orange County.

Opportunities in a Down Real Estate Market

The depressed condition in major real estate markets has affected all price points, and the sharpest down curve in prices can be observed in the midrange and high-end home property segments. Latest market data indicate that overall prices of mid-range home properties in San Clemente are slightly higher compared to the same period last year.

However, the home values are still 30 percent lower compared to the highest price levels registered during the peak period of 2006. In fact, there are quite a number of luxury homes and mid-range residential properties that suffered 50-percent price drop. With the lingering threat of recession and the occasional dips in the financial market, real property experts expect the market to remain at this level until the early part of next year.

Leading Indicators that Need to be Considered

There are early indicators that specific segments of the real estate market are poised for an early rebound. While most home buyers are still waiting on the sidelines, serious investors are now taking some positive moves and are now looking at long term investment options in the luxury and mid-range property segments. Another major development that we should closely monitor is the influx of foreign home buyers who are now on a buying binge. Popular picks among these foreign buyers are luxury homes and mid-range properties in Arizona, Texas, Florida and California. Upscale and mid-range real estate markets, which include San Clemente, are attracting well-heeled buyers from Canada, Brazil and various European countries and these moneyed foreigners are now looking for the best "bargains" in these upscale communities.

by: Gen Wright

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