Local Realtors say home values are rising but sales are moderating slightly in the beachfront community of San Clemente, California.

"On the coast, halfway between Los Angeles and San Diego, San Clemente and adjacent Dana Point feature beaches, piers, yacht harbors and jetties for water fun," says Realtor Debbie Ferrari.

About the market, she explains, "San Clemente prices are still on an upward trend. They are not jumping leaps and bounds like they once did, but nearly every home that sells, sells for slightly more than the last one. Buyers should be looking for homes only if they have started the process of being approved for a loan. And if they have a home to sell it should at least be on the market and they should be willing to get a swing/bridge loan if they find a property they want to buy. Also, when deciding what to offer on a property, buyers should be looking at what else they can get in the amenities they need more than looking at past comparables for the neighborhood. It's nice to know what the neighborhood has done in the past, but you might miss out on a good value if you try to get the property for the last comp."

Say Realtors Drew and Linda Hartanov, "San Clemente has a wide range of homes and prices, from beach cottages to the beachfront properties. Also, San Clemente is home to Talega, the new area with a golf course and family amenities."

They suggest, "The market is very active for homes in this desirable location in Orange County. Due to low inventory, home prices are still moving upward, but at a slower rate. There is no indication of a downward trend. There is little 'affordable' inventory, particularly in the Southwest area. Beach-close homes are in short supply. There continues to be strong buyer interest as this is still considered an 'affordable' beach area relative to going north. Many buyers that have been waiting for lower prices probably have seen the market pass them by. With the rates still low, it is still a good market whether buying or selling."

"San Clemente is a beach community located at the southernmost tip of Orange County where you can find a beach-close home that is still affordable," says Realtor Liana Norman. "San Clemente is a beautiful beach known for its perfect climate all year long. San Clemente offers many beautiful beaches and parks, community events, award-winning schools, great shopping and more! Here you can find single-family detached homes starting just below $500,000 and condominiums starting below $250,000, but hurry, prices are still rising fast due to low inventory, mortgage rates and great financing programs."

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Published: December 11, 2003

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