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the GREEN sheet

A monthly publication providing updates on the red-hot Talega real estate market.

Presented by Talega’s most experienced real estate agent, Doug Echelberger.

 


the GREEN sheet: May 2021

To Sell Off-Market or Open Market?


Over the years you may have heard the terms “off-market” and “pocket listing” from agents and friends. Off-market and pocket listing properties are sold without ever appearing in the Multiple Listing Service (MLS).

When the real estate market is hot, this process can be frustrating to buyers and agents because they feel like they missed out on an opportunity. Considering the temperature of today’s market, those frustrations are at a peak. Pocket and off-market listings have been fairly standard practice in our profession, but complaints are up and changes are happening.

To read more about the current market in Talega, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: April 2021

With How Hot The Talega Real Estate Market Is, It Pays To Be Prepared


As we are all aware, the real estate market for Orange County in general and the Talega real estate market specifically is very hot! There is little inventory, high demand, and homes are selling in record time. If you want to buy or sell in this market, how do you prepare? Here are a few quick tips for each side.

Discuss with your agent the buyer contingencies in a transaction as there are many and to be competitive, you need to know which ones you can waive or shorten to strengthen your offer. There is much more to an offer than just a purchase price. Allowing the seller to rent back, sometimes for free, is an example of what a buyer can offer to a seller that can be of real value in both dollars and the stress relief. When the market is heavily weighted in the seller’s favor, a buyer needs to be completely calculated in their strategy.

In the past, we were updating and really changing properties to make them sellable. Now with low inventory, buyers are willing to take on a lot more and still pay top dollar for homes. It is much different than just one year ago.

To read more about the current market in Talega, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: March 2021

The Great Migration


Today’s hot real estate market is definitely the talk of the town, and I would like to share my insight about what is happening. Yes, historically low interest rates are a big attraction for buyers and they are definitely adding fuel to the fire. But there’s more to it than that. What I am seeing is a great migration of our workforce in Southern California.

This year we are witnessing a migration out of those cities to communities like ours, where demand has skyrocketed and inventory is scarce. I don’t see this changing anytime soon. I believe that this market is more than just a quick trend, as people are setting up their lives in new places. It’s not just happening in San Clemente—it is taking place all over the United States, with similar trends in Idaho, Arizona, Texas and Tennessee, where rural areas are rising in popularity…

To read more about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: February 2021

The Year (Or Two) In Review: Talega Real Estate Market


Happy New Year everyone! I hope your holiday celebrations were memorable and that 2021 brings you and yours only the very best. At the beginning of each year I take some time to reflect on Talega’s real estate statistics. By comparing 2019 and 2020 and noting the differences between the two, I can gain some insight into what 2021 may have in store for us.

The lead headline for Talega in 2020 was inventory shrank and prices rose. Overall, Talega saw a 3% increase in condo/townhome sales and just over 4% in single-family home sales. This is an overall average, as some Talega neighborhoods experienced a significant increase in sales prices from 2019 to 2020. For example, Careyes saw an 11% increase in year-over-year sale prices. As the pandemic hit and buyers gravitated toward larger houses, sales of Talega’s larger homes surged…

To read more about the current market in Talega, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: December 2020

With Our Sincerest Gratitude


A promising new year is upon us all and, before we look forward with hope, we wish to reflect on this past year. All of us have been affected to varying degrees by the events of 2020. Yet hopefully you, like our team at Echelberger Group, find yourself in the position of being truly grateful—grateful for family, friends, and our resilient and friendly community. We are also filled with heartwarming gratitude for all of our clients.

With the virus leaving many in less fortunate situations, we look ahead with humility to 2021, hoping that relief comes quickly to those most in need, and to our country as vaccines bring the promise of an end to the pandemic and the revitalization of our prosperity. Our San Clemente real estate market is extremely strong, providing a glimpse of what the new year has in store.

As you celebrate the season, in person, via your computer or on the phone, cherished traditions will survive as memorable new ones are created. We are keeping you all in our hearts and wishing you the very best throughout the holidays and well beyond.

To learn more about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: November 2020

Buyers Find Incredible Value, Low Inventory in Talega


In my nearly 20 years of selling homes and writing Green Sheet articles in Talega, I have never seen a market so starved for inventory.  As I write this, there are only four condos and six single-family homes for sale, with two available for lease.  There are no homes for sale in Talega under $1,195,000, which is incredibly hard to believe. Before the pandemic hit, there was a strong migration of sellers moving out of the larger homes, downsizing, and wanting to be closer to city life.  Talega was struggling with year-over-year value increases, which was hard to explain to both owners and incoming buyers.  Talega had many years of 0 to 1% year-over-year growth while other communities experienced 4 to 8% growth.

There are a couple of reasons why the community was struggling with values.  Talega was established during the era of Tuscany-style homes, with a selection of older-style floorplans that are more compartmentalized, closed off to the backyard, and featuring little to no covered outdoor living areas. Even if a home was built in Spanish or Mediterranean style, owners would change the landscape, interior design and furnishings to reflect a Tuscan style.

To learn more about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: October 2020

Talega’s Real Estate Market Is Still Hot!


Just like the weather in Southern California, our real estate market typically cools down as we head into autumn. As you can see in the charts on the GREEN sheet, demand has slightly declined but overall it is still very high for this time of year. Why? The reasons are simple and they’re good news for sellers: Our market is still being fueled by the combination of low interest rates and a large number of buyers relocating to Orange County.

Reviewing the charts, you will also see that the supply of homes for sale is declining, which is keeping a large spread between supply and demand and fueling the hot real estate market. At the time of this publication, Talega had for sale: Three condos, three homes under $1 million, six homes between $1 and $1.5 million, and two homes over $1.5 million. That is 14 active listings in all of Talega, which is why we see prices escalating to record levels.

For years Talega has had very slow growth year over year, but 2020 is shaping up to be one of the best growth years in more than a decade. The complete shift in where people want to live and work has had a tremendous impact on Talega’s growth and popularity. I expect this trend to continue through 2021 based on the numbers and demand that we are seeing in the marketplace.

To see these charts and learn more about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: September 2020

The Cooler Months of Autumn: Bringing Heat to the Talega Real Estate Market


Autumn in San Clemente…the time of year when school returns, summer comes to an end and cooler, crisper weather lies ahead. One thing that shows no sign of cooling soon is our real estate market in Talega, which continues to trend upward with demand while inventory continues to decline.

Low interest rates, job restructuring, and people spreading out from California’s largest cities are combining to create strong demand in our area for purchases and leasing. All of the neighborhoods in Talega are experiencing strong sales, with the amount of inventory between $1.1 million to $3 million the lowest I have ever seen.

Other communities in San Clemente and surrounding cities are also seeing record sales, with few homes coming on the market to replace them. This large disparity will continue through the coming months, keeping our market hotter than normal for this time of year. Eventually, as we hit the election and holidays, it should adjust back to normal levels, but even that prediction is just a guess. What we know about 2020 is that no one could have predicted this surge in the real estate market. We are all just grateful to live in a city and community that is so highly desirable.

To learn answers about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: August 2020

A Market On The Move: Coastal Orange County Real Estate Is Hot!


Orange County’s real estate market continues to thrive, but it is especially hot in its coastal cities. Take a look at the Active Inventory and Demand charts in the link and you will see that inventory peaked back in May of this year and, as we predicted, is continuing its downward trend. Demand, on the other hand, is still moving upward at a record pace.

It’s easy to see why the market feels like the hottest market since 2004-2005. The lowest number of homes that remained on the market was in January of 2004, when Talega had just 14 total active listings and the community was only half built. As I write, we have 27 active listings and a few weeks ago that number was 19. Low interests rates, restructuring of the workforce, the need to be in a specific office location, second-home purchases and investment purchases are all adding fuel to the fire. It not just the sales market—the rental market is just as tight, with only three attached homes and one single-family, detached home available for rent in all of Talega. In other words, finding a rental or a $1.4 million home with a pool in Talega is as likely as finding a rainbow unicorn these days.

Today’s market is completely different than it was in the early 2000s, when loan structures fueled the market at first, and then allowed it to collapse. Now, getting a loan takes strong qualifications, most jumbo loans are being handled by the big banks, and the majority of our deals at Echelberger Group are coming in with 20 to 50 percent down or all cash.

To learn answers about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: June – July 2020

What You Need To Know About the Current Talega Real Estate Market


Covid-19 has had a dramatic affect on demand and inventory in Orange County’s real estate market. February through June is typically when agents are listing homes at a rapid pace, with demand running parallel (please refer to the charts). When Covid-19 hit and everything came to a grinding halt, housing demand fell rapidly and people assumed the market would tank as unemployment began to rise.

The market’s inventory virtually froze in early March until mid-April, when agents received instructions from governing boards and state officials on how they could operate. Once agents started working, buyers wanted to take advantage of low interest rates. Countless citizens found themselves with jobs that had changed and required relocating, and others elected to move for a variety of reasons. Demand skyrocketed!

Prospective buyers found that the supply of homes had greatly diminished, with sellers either taking their homes off the market or deciding not to list them during the shutdown. Looking at the Active Inventory Chart, we are significantly lower than previous years, yet the demand is almost equal. Add historically low interest rates to this mix and you have one of the hottest markets we have seen since June, 2013.

To learn answers about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: May 2020

What You Need To Know About the Current Talega Real Estate Market


Wondering what’s going on with the housing market in San Clemente? Be “In the Know” with Talega’s Best Market Report, “the GREEN sheet” — a monthly issue curated by Doug Echelberger.

Demand is defined as the past 30-days of pending sales activity. Up to this point, demand readings have included weeks prior to the order when the housing market was still hitting on all cylinders. The market was scorching hot at the very beginning of march despite the state of emergency that was declared. The market began to decelerate in the second week of March. By March 19th, with the kids already at home and preparing for online learning, housing demand slowed to a COVID-19 crawl. It was at inherent demand levels.

As a result of everyday life grinding to a halt, demand dropped by 55% in the past month, from 2,398 pending sales to 1,080. These demand levels were last seen in 2007. Since the “stay at home” order on March 19th, the number of homes placed on the market dropped by 52% compared to the prior 5-year average.

To learn answers about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: March 2020

What You Need To Know About the Current Talega Real Estate Market


Wondering what’s going on with the housing market in San Clemente? Be “In the Know” with Talega’s Best Market Report, “the GREEN sheet” — a monthly issue curated by Doug Echelberger.

Spring brings warmer temperatures, clearer skies and renewal throughout Southern California. This year it is seeing housing demand in Orange County continue to blossom thanks to historically low mortgage rates that are predicted to remain around the mid 3-percent range for the foreseeable future.

Talega’s market is extremely hot and expected to see increased temperatures as the year progresses. As a result of these low mortgage rates and the market’s high demand, the Expected Market Time (EMT), which is the time a property hits the MLS to the moment it goes under contract, has dropped to levels that have not been seen since July 2013.

To learn answers about the current Talega real estate market, check out this month’s GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: January 2019

What You Need To Know About the Current Talega Real Estate Market


You’re all set. Fresh paint, the yard is tidy, and the interior of your home is immaculate. So, it’s time to put up the For Sale sign, right? Almost. Are you sure all of those improvements you have made to your home over the years are legal and permitted by the city? Many upgrades don’t require a permit, but often times those that do are overlooked. This is where San Clemente’s Echelberger Group can help save the day—and a lot of hassle.

“A question that I am frequently asked by clients is, ‘Should I get a city permit for this?’” noted Doug Echelberger, San Clemente’s number-one real estate agent and owner of Echelberger Group. “Like it or not, cities require homeowners to obtain permits for many upgrades and changes made to their homes. Often, homeowners would prefer to avoid the permit process to either save time, money or both.”

Doug explained that over the years, he has sold many properties that had un-permitted items. Sometimes code violations are grand-fathered in because of the age of the property. Other times, a homeowner simply did not pull permits and did the work anyway. This can create issues during a home-sale transaction with appraisers, who check city files and will make value adjustments if un-permitted work is done. And keep in mind, prospective buyers of your home may not be comfortable assuming the liability of un-permitted items.

As long as full disclosures are made with all parties, transactions can move forward. These are standard items that agents deal with while in escrow. But Echelberger Group wants you to know about a new practice they recently experienced with permits in an anonymous Orange County city.

Echelberger Group was preparing to list a property that a client had just upgraded. Photos were shot, but writing marketing copy and receiving disclosures from the homeowner were still pending. The photographer placed the photos in a website that allows the team to download them and begin creating a marketing campaign for the home. Shortly after the photos appeared online, the group received a call from a city compliance officer regarding the property, as well as a very nicely detailed letter from the city stating that apparently the new listing has no permits on file.

“Our client had this property as a rental years ago and those photos still existed somewhere on the internet,” Doug explained. “The city found the new photos on the internet and did a quick comparison while referencing the city file on the property.

We were sent the letter and both sets of photos with a request that the homeowner contact the city immediately. I am not sure if the city has someone looking online, if it was reported by someone, or if the city is using the same bot technology
that our MLS system uses to search for violations. Regardless of how they found it, it is now an issue that could stop this transaction in its tracks until all city issues are resolved. We could certainly sell it with full disclosure but few buyers
want to enter a fight with the city without deep discounts on the home.”

“In the past, I have seen owners have to completely remove upgrades and structures indoors and out in order to satisfy city requirements. As technology improves, I can see this becoming a common practice with municipalities throughout Orange County and beyond. It can be a very costly experience—one that I think is important to pass along.”

Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 24 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: July 2019

What You Need To Know About the Current Talega Real Estate Market


Now that we are halfway through the year, I thought that I would check in on the numbers for 2019 in Talega compared to 2018.

In summary, across the board, the numbers are up from last year with exception to the average price of a townhouse in Talega. What is affecting that number is there are more sales in the smaller sized condos in Talega in 2019 than there were in 2018 which is why the price per square foot has increased. Overall, the market is very healthy and stable. With the interest rates remaining attractive, I expect the steady market to continue through the summer. If you or anyone you know are looking to buy, sell, or invest in real estate, or even if you have any questions, please give me a call at 949-463-0400.

Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 25 years of experience has given Doug the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free. For more information, visit www.echelberger.com or call 949.498.7711

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: November 2019

Is It an Improvement or Maintenance? Doug Echelberger Has All of Your Answers


Homeowners who are looking to sell in Talega and beyond sometimes get confused over the differences between home improvement and deferred maintenance. It is important to know the difference, as an improvement can add equity value where deferred maintenance can have a serious negative affect in a home’s value. Several points I often encounter during my listing appointments involve exterior painting, interior painting and wall condition, carpeting, kitchen and baths, landscaping, and and plumbing. Inside of November’s GREEN sheet, I touch on which of these issues are important to be improved on and how often, in addition to providing you with information to help you understand exactly where the housing market in Talega is at currently.

As a side note, inside the GREEN sheet, when I use the word contemporary while referring to the style that an improvement is meant to achieve, that does not mean modern. Contemporary simply means current trends or styles where buyers (specifically your target market) are seeing the most value. Just because something is trendy does not mean it works well for all ages of buyers, so know who you are trying to appeal to first before you make an improvement for the purpose of a sale. Please feel free to give me a call as I love to help people work through this process on their home.

To learn answers about the current Talega real estate market, have a look inside November’s GREEN sheet by clicking HERE or clicking full-screen below.

Doug Echelberger is San Clemente’s #1 real estate agent and the owner of Echelberger Group. Doug and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free. For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: October 2019

What You Need To Know About Talega’s Current Housing Market


From TV news to the LA times, reports are telling us that our real estate market is improving. And while that is true, those of us in Southern California, specifically south Orange County, must keep in mind that homes in our market range in price, on average, from $500,000 to $4,000,000. Eighty to ninety percent of our region is considered the luxury market when comparing it to the rest of California and the nation. The luxury market moves at a much different pace, which is why not all sellers are experiencing this market improvement.

Real estate markets move at different paces, influenced by a variety of factors that are specific to each area. Markets also react differently depending on the time of year. Consistently, the first five months of an average year are good for all levels of the market. As we start to enter June, each market starts to act differently. The fourth quarter, with school starting up after summer and the holidays approaching, is typically slower.

To learn answers about the current Talega real estate market, check out the GREEN sheet!

From deciphering reports to marketing your home, Echelberger Group’s professionals will help you every step of the way.Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology – backed by its partnership with Pacific Sotheby’s International Realty – and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free. For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: September 2019

What You Need To Know About Talega’s Current Housing Market


Wondering what else is going on with the housing market in San Clemente? Be “In the Know” with Talega’s Best Market Report, “the GREEN sheet” — a monthly issue curated by Doug Echelberger.

This time of year, a lot of questions start getting asked:

Is it a risky financial decision to buy a home as the year ends?

Is the end of the year the best or worst time to sell?

Where is the market headed?

These are all highly valid questions and concerns to have.

To learn answers about the current Talega real estate market, check out the GREEN sheet!

For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free. For more information, visit www.echelberger.com or call 949.498.7711.

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: August 2019

Year-To-Date Market Report


In this article, I would like to look at how 2019 is performing in Talega versus past years. May of 2019 was by far the best month of closing that Talega has seen in the past 5 years with an increase in sales of 35.7% from 2015. This means the market in March and April was extremely busy considering the standard escrow periods are 30-45 days. June 2019 was not far behind with 31 closings – which is still excellent for Talega. Thus far, halfway through July there have already been 16 closings. However, showings have already started to slow as they do in the summer season, so we’ll have to wait and see how this month finishes out. I have also broken down the total sales and separated it into the first half and second half of the year. As you can see, there is not a significant difference in the two, but the second half of the year is consistently lower in sales volume. This typically affects pricing in the second half because demand cools off as we reach October. Interest rates this year will remain low, unlike last year, so it wouldn’t be uncommon for sales to heat back up towards the end of summer as they have done in the past. I’ll update the chart again in a few months so we can see how Talega is performing.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and we value your business. We know you could go anywhere for you real estate needs, and appreciate having the opportunity to serve you the best way we can.

 


the GREEN sheet: June 2019

Be “In The Know” With Talega’s Best Market Report


When Doug Echelberger is out and about in his hometown of San Clemente, there are a few questions that he is asked on a regular basis: What is the best time of the year to sell a home? How is the market? Are home prices going up or down?

Doug, San Clemente’s number-one real estate agent and owner of Echelberger Group, explained, “While I can’t do this on the street, I can visually answer these questions online in a simple and easy-to-understand way. I use the work of my good friend, Stephen Thomas, with First American Title. Stephen spends tireless hours crunching numbers in our MLS system to produce a report and a series of graphs that I have access to each month. There are many reports on real estate in Orange County, but I have found Stephen’s reports offers the closest and most accurate depiction of what I am seeing and feeling in the trenches of real estate sales everyday,” Doug continued. “Stephen allows me to share his report with my clients in the form of a newsletter or video blog (vlog) a couple times each month.”

Doug encourages everyone who wants to be in the know about the latest and most accurate information on real estate in Talega and beyond to sign up for his newsletter and vlog reports. Simply email doug@echelberger.com and ask to be included. There is no cost, opting out is available at any time, and current subscribers have commented that they find the information compelling and very helpful.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.

GREEN SHEET

 


the GREEN sheet: May 2019

GET A PULSE ON THE TALEGA MARKET


It is not your imagination—Talega’s real estate market is incredibly active, with “For Sale” and “In Escrow” signs popping up throughout the community. Welcome to the spring of 2019 in Talega, where buyers are eager to take advantage of steady interest rates and an enticing selection of residential offerings.

Talega’s strongest and fastest market is single-family homes priced between $700,000 and $1 million. Average days on market for pending sales is hovering just under 20 days! And, at the time of this writing, there are only eight active listings priced under $1 million, all of which have been on the market less than 30 days.

This impressive upswing is a very healthy sign for Talega, with the pulse-quickening among move-up buyers looking for a home under $1 million. Sales for homes priced between $1 million and $1.5 million have also improved, with average days on market for closed sales hovering at just 48 days. The inventory in this range is higher, with 27 active listings and 14 under contract—an ideal balance.

Pricing across the board has increased over the last quarter, with an average 2018 fourth-quarter price of $1,084,000, and $1,207,851 for the first quarter of 2019. This sizable increase is mostly due to sales above $1.3 million, which were stagnant during the last half of 2018 and are now moving quickly. We are expecting this market to continue into the summer with favorable interest rates and stable pricing bringing more buyers to Talega.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.

GREEN SHEET

 


the GREEN sheet: April 2019

When is the Best Time to Sell?


One of the most frequent questions that I get asked is, “What is the best time to sell my property?” In order to answer this question, I did some research specifically on Talega sales. Below is a chart of the closings in Talega since 2015 up to March 21st, 2019. I have highlighted the months where we had over 25 closings which is typically April through August. If you consider that our average days on market before a property goes under contract is 64 days and your average escrow is 40 days, you can see our highest selling season is January through May. Sales are consistent throughout the year but there is a clear cycle that Talega experiences every year.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.

GREEN SHEET

 


the GREEN sheet: March 2019

A Balanced Market


Now that we are through the first two months of the year, we can take a quick temperature check on the state of the Talega Market. The last 6 months of 2018 turned out to be one of our slowest 3rd and 4th quarters in the last 10 years. Sales seemed to come to a grinding halt and pricing was very soft. Once we moved into January, we saw the interest rates dropping and the stock market stabilizing. After seeing the previous 6 months of real estate activity, sellers became very realistic on the pricing strategies. All three of these factors combined lit the fire back under the Talega Market.

Talega started out with 15 sales in January 2019, which is 3 more than last year. February is projected to hit over 22 sales for the month, which is up from last year as well. This higher volume is very encouraging and the main cause for it, in my opinion, is the pricing of homes. We are in a balanced market right now, meaning neither seller or buyer has the upper hand. If homes are priced fairly, buyers see the value and are making a purchase. The overpriced homes will just sit, where in past Spring markets overpriced homes eventually sold.

A rising tide will eventually float all boats in the harbor, but in this case the tide is flat and stable. We are not falling off a cliff and we are not setting price records. It’s just business as usual as there will always be a consistent pool of buyers and sellers in any market that need to make a move. It’s has been a while since I have seen a balanced market, and I believe this will be our market for 2019.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.

GREEN SHEET

 


the GREEN sheet: February 2019

Is Your View Protected?


Beautiful views are often a top priority when searching for a new home, and they typically come at a premium price. But does that mean you will be able to enjoy it forever? Or could you lose your grand ocean, mountain and city-light vistas? All of us at Echelberger Group are asked this question, so we turned to our expert, Scott Souders, a real estate attorney who has practiced real estate law for more than 42 years in Southern California. Here is more important insight from Scott:

I have received many phone calls over the years from homeowners who want to sue their neighbors, the city or their HOA because they have “lost their view” due to construction on a neighboring lot or the neighbor’s trees have grown like weeds. Almost without question, the homeowner feels strongly that they paid for this view and it’s protected under California law.

To learn more about the current Talega real estate market, check out the GREEN sheet!

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can.
GREEN SHEET

 


the GREEN sheet: December 2018

A Sincere Message of Gratitude


As we reflect on 2018 and look forward to the new year, all of us at Echelberger Group is filled with gratitude.

We are grateful that you have placed your trust in us and shared your experience with others. And we are thankful to have become a small part of your lives as you welcomed new family members, celebrated engagements and embarked upon fresh and exciting phases in life.

We are equally grateful for our homes, families, and friends. So many have lost theirs during the wildfires in Northern and Southern California. It is often easy to take what and who we have in our lives for granted. But as the fires have demonstrated, it can all go away in a flash.

“This holiday season, I want to extend an extra-special thank you to you, our clients,” commented Doug Echelberger. “We cherish what we do and you make it all possible. Many Californians will be without a home because of the fires. Their traditions and celebrations will begin anew in time. I ask that we all keep them in our hearts this season, just as we keep you in ours all year long.”

We respect your time and value your business. We know you could go anywhere for your real estate needs, and appreciate having the opportunity to serve you the best way we can. 

 

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