The San Juan Capistrano housing market offers a distinct snapshot of real estate in a city that melds historic charm with modern living. Compared to the broader Orange County landscape, this analysis delves into the intricate fabric of home prices, types, and market trends within San Juan Capistrano. Readers will gain a clear perspective on the value and variety of property options available, understand the tempo of the market’s inventory and sales pace, and receive essential information on property taxes and home sizes. Armed with this knowledge, those eyeing San Juan Capistrano for their next home purchase will be well-equipped to navigate the market confidently.
Table of Contents
San Juan Capistrano Housing Market Data
1. Median Home Price
This section analyzes San Juan Capistrano, California’s housing market, detailing current home prices and breaking them down by property type. It outlines the general trend of higher pricing for single-family homes compared to townhouses and condos. Additionally, it compares San Juan Capistrano’s home prices with those in other Orange County cities, allowing for a broader understanding of its market position. The data will equip prospective buyers with valuable insights for making informed purchasing decisions in San Juan Capistrano.
- Current Sales Prices of San Juan Capistrano Homes
The overall median sales price for homes in San Juan Capistrano is $1,300,000, encapsulating the broad spectrum of available real estate. Single-family homes in the area showcase their desirability with a median price point of $1,600,000, illustrating their appeal in the higher-end market segment. Townhouses, with a median price of $950,000, provide a mid-range option, while condominiums offer a more accessible median price of $855,000, opening the door for a variety of budgets within the housing market.
| Property Type | San Juan Capistrano Median Home Sales Price |
| All Properties | $1,300,000 |
| – Single-Family Home | $1,600,000 |
| – Townhouse | $950,000 |
| – Condominium | $855,000 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- San Juan Capistrano Home Sales Prices Over Time
Over the past year, home prices in San Juan Capistrano have leveled out following steady rises, maintaining a position above and mirroring the broader trend across Orange County. This initial growth pattern, followed by stabilization, is consistent across various property types within the area. However, single-family homes persist as the more expensive housing option versus condominiums and townhouses, which represent the more moderately priced alternatives.
- Current Home Sales Prices – San Juan Capistrano vs. Other Orange County Cities
San Juan Capistrano’s median home sales price positions it firmly in the upper tier within Orange County. However, it offers a more attainable price point compared to the premium coastal cities like Newport Beach and Laguna Beach.
2. Supply and Demand – San Juan Capistrano Housing Market
This section comprehensively examines the supply and demand dynamics within San Juan Capistrano’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes sell. A snapshot of these indicators helps illustrate the market’s fluidity and efficiency, providing prospective buyers with a clearer understanding of the pace and health of San Juan Capistrano’s real estate activities.
- Key Housing Market Indicators – San Juan Capistrano
In San Juan Capistrano, the real estate market is characterized by a modest inventory with approximately 65 active listings and about 29 homes sold each month. The city has an inventory that translates to a 2.2-month supply, suggesting a relatively quick turnover in property sales. Furthermore, the average days on the market for listings is 16, indicating a relatively brisk pace for real estate transactions.
| Total Homes in San Juan Capistrano | ~12,300 |
| Active Home Listings | 65 |
| Homes Sold | 29 |
| Inventory – Months Supply | 2.2 |
| Days on Market | 16 |
Total Homes in San Juan Capistrano: This refers to the approximate number of residential properties within the city.
Active Home Listings: The number of homes currently listed for sale in San Juan Capistrano.
Homes Sold: A count of the actual sales that have closed in a given month. Calculations are based on sold data.
Inventory—Months Supply: The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months. This is also known as the absorption rate.
Days on Market: The average number of days between listing a home in San Juan Capistrano and accepting an offer in a given month.
- San Juan Capistrano Active Listings vs. Homes Sold Over Time
The chart for San Juan Capistrano shows a declining trend in active home listings from early 2021, stabilizing in recent months. Similarly, the number of homes sold has gradually decreased. It has plateaued alongside the listings, indicating a market finding its equilibrium after more intense activity.
- Current Days on Market – San Juan Capistrano vs. Other Orange County Cities
In Orange County, homes in San Juan Capistrano typically stay on the market longer than in most other cities in the region. Despite this, the properties in San Juan Capistrano are still sold relatively quickly, with an average duration of just 16 days from listing to accepted offer.
3. Property Taxes
Property taxes in California are determined by a combination of state law and county-specific regulations. Under Proposition 13, enacted in 1978, the base tax rate for properties is fixed at 1% of the assessed value. This assessed value is initially pegged to the purchase price and can only increase by a maximum of 2% annually, safeguarding homeowners from steep tax hikes when property values escalate quickly.
Orange County follows this state framework but also applies additional levies that can vary significantly between locations within the county. These can include voter-approved debt rates for city and district improvements, and direct assessments for community services like flood control and street lighting. Also, properties in areas with Mello-Roos districts may incur additional taxes for community facilities.
To help you better visualize this, consider the property tax bill example below. It breaks down the individual components that constitute the total tax obligation. Notably, while the General Tax Levy remains constant at 1%, the aggregate of additional charges, such as special district assessments, significantly affects the overall tax bill. These variations emphasize the importance of due diligence in comprehending the full scope of property taxes when assessing the cost of homeownership in different parts of Orange County.
4. Median Home Size
This section examines the median home size and price per square foot in San Juan Capistrano, essential indicators for assessing property value and space. These metrics aid prospective buyers in comparing market value and understanding what their budget can secure in terms of home size, especially in relation to other areas in Orange County.
- San Juan Capistrano Home Size and Value
San Juan Capistrano’s homes have a substantial median size of around 2,120 square feet, placing it amongst the cities with more spacious homes in Orange County. The area also has a somewhat affordable price per square foot at $614, reflecting a market that offers a blend of roomier homes and reasonable value for the living space provided.
| Median Home Size | ~2,120 ft2 |
| Price per Square Foot | $614 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
San Juan Capistrano Residents Data
1. Population
Exploring the dynamics of San Juan Capistrano’s population and its density offers a glimpse into the city’s living conditions and community structure. Population density, which measures the number of residents per square mile, sheds light on how closely people live together and can indicate the balance between urban development and available living space. Understanding this helps explain how population concentration impacts the social fabric, infrastructure, and lifestyle of residents in San Juan Capistrano in relation to other parts of Orange County.
- San Juan Capistrano Population Statistics
San Juan Capistrano has a population of around 33,916 and a low population density of 2,350 residents per square mile, indicating a comfortably populated community.
| Population | 33,916 |
| Population Density (Residents per square mile) | 2,350 |
- Population Density – San Juan Capistrano vs. Other Orange County Cities
The lighter shade representing San Juan Capistrano on the map signifies a sparser population than most other areas in Orange County, particularly when compared with densely populated urban centers such as Santa Ana and Garden Grove. This characteristic suggests San Juan Capistrano could offer a more spacious and private living environment, setting it apart as a less congested option within the lively confines of the county.
2. Employment Industries and Median Income
Exploring San Juan Capistrano’s economic landscape reveals the key employment sectors underpinning the local job market and the median household income, which reflect the community’s overall financial health. A deeper understanding of these factors helps frame San Juan Capistrano’s economic position within the wider context of Orange County.
- San Juan Capistrano Industries and Employment Breakdown
The city’s leading employment sectors include Retail Trade, Health Care & Social Assistance, and Professional, Scientific, & Technical Services. These fields highlight a workforce deeply engaged in specialized services, healthcare and social support, as well as the consumer retail sector.
- San Juan Capistrano Median Household Income and Employment Rate
San Juan Capistrano boasts a significant median household income within Orange County, indicative of the area’s economic vigor. Although it doesn’t reach the top of the income scale, its strong standing reflects a prosperous community. The employment rate in San Juan Capistrano is also near the county average, which, when combined with the median income, suggests a healthy job market potentially buoyed by well-paying roles.
| Median Household Income | $123,474 |
| Employment Rate | 60.90% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. San Juan Capistrano City Attractions
San Juan Capistrano, California, is a city that exudes historical charm and natural beauty, known for its Spanish architecture and tranquil ambience. Here are some of the principal attractions:
- Mission San Juan Capistrano: A historic landmark and museum famous for its beautiful grounds and the annual return of the swallows.
- Los Rios Historic District: The oldest residential street in California, lined with adobe homes, galleries, and unique shops.
- Zoomars Petting Zoo: A family-friendly spot where children can interact with and feed a variety of gentle animals.
- San Juan Capistrano Depot: A picturesque train depot that’s also home to a variety of dining options and local events.
- Ronald W. Caspers Wilderness Park: A vast protected area offering hiking, camping, and equestrian trails amidst stunning natural scenery.
- San Juan Hills Golf Club: A scenic and playable course that provides a challenging game for golfers of all levels.
- Historic Town Center Park: A central gathering place hosting cultural events, concerts, and community activities.
- The Coach House: A legendary concert venue that has been presenting live music acts for decades.
- O’Neill Museum: The preserved home of General O’Neill, the founder of the city, offering a peek into the life of early settlers.
- San Juan Capistrano Farmers Market: A weekly event where locals and visitors can purchase fresh produce and artisanal goods.
San Juan Capistrano invites visitors to step back in time and enjoy the city’s historical roots, cultural festivities, and natural landscapes.
Conclusion
Concluding this exploration of the San Juan Capistrano housing market, readers are now acquainted with the subtleties and strengths of this area’s real estate scene. From the comparative affordability of various property types to the relative speed at which homes are selling, the market in San Juan Capistrano is delineated by its blend of upscale living and accessible options. The insights provided serve as a beacon for potential homeowners, guiding them through the diverse choices and enabling them to make well-informed decisions in the picturesque and historically rich context of San Juan Capistrano.
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