San Clemente Real Estate Prices Down in February, Sales are Up

San Clemente Real Estate Prices Down in February, Sales are Up

From January to February 2019, the average San Clemente real estate home price dropped 4% to $1,071,132.

San Clemente real estate

Perhaps related to falling home prices, the number of homes sold in San Clemente increased 20% from January to February (from 41 to 49 homes).

Most San Clemente homes sold in February were sold in the $1-$1.5MM range: 18 of the 49 homes sold in February in San Clemente were sold in this price range.

Interestingly, although home sales in San Clemente were up in February from January, the year-to-date home sales were the lowest they had been in 10 years, since 2009. Year-to-date sales were at 90 for 2019; the last time they were lower than this was in 2009 when home sales were at 87 for the year.

Home inventory in February was still very low in San Clemente, at 0.6 months of inventory.

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By | 2019-05-13T07:27:04-08:00 May 10th, 2019|San Clemente Real Estate Market Reports|0 Comments