The San Clemente housing market offers a variety of real estate options for prospective buyers. This comprehensive analysis delves into the intricate details of home prices, supply and demand, and broader economic indicators to offer a holistic view of San Clemente’s real estate landscape. From median home prices to inventory levels and market fluidity, this article provides vital insights into the factors shaping the city’s housing market and how it compares to the broader Orange County area, equipping potential buyers and investors with the data needed to navigate this vibrant market.
Table of Contents
San Clemente Housing Market Data
1. Median Home Price
This section analyzes San Clemente, California’s housing market by 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 includes a comparison of San Clemente’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 Clemente.
- Current Sales Prices of San Clemente Homes
The table below presents the latest real estate figures for San Clemente, revealing a median home sales price of $1,625,000 overall. Single-family homes are the most expensive property type with a median selling price of $1,725,000. In contrast, townhouses and condominiums offer more affordable options, with median prices of $1,087,500 and $992,500 respectively. These prices highlight various housing opportunities that cater to different budgetary needs in the San Clemente real estate market.
| Property Type | San Clemente Median Home Sales Price |
| All Properties | $1,625,000 |
| – Single-Family Home | $1,725,000 |
| – Townhouse | $1,087,500 |
| – Condominium | $992,500 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- San Clemente Home Sales Prices Over Time
The charts below depict a continued upward trend in San Clemente’s median home sales prices over time, consistently outpacing the broader Orange County market. All property types continue to increase in value over time, though single-family homes maintain the more premium price point compared to condos and townhomes.
- Current Home Sales Prices – San Clemente vs. Other Orange County Cities
San Clemente has one of the highest median home sales prices among Orange County cities, indicating its position as a more premium real estate market.
2. Supply and Demand – San Clemente Housing Market
This section provides a comprehensive look at the supply and demand dynamics within San Clemente’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes are selling. 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 Clemente’s real estate activities.
- Key Housing Market Indicators – San Clemente
San Clemente’s real estate landscape boasts around 26,600 properties, with a steady stream of 121 homes hitting the market each month. The city has an average turnover of 46 monthly sales. With a 2.6-month supply of inventory, the market appears to lean towards sellers, reinforced by homes spending a mere 15 days on the market on average — a testament to the strong demand and relatively quick sales pace in the area.
| Total Homes in San Clemente | ~26,600 |
| Active Home Listings | 121 |
| Homes Sold | 46 |
| Inventory – Months Supply | 2.6 |
| Days on Market | 15 |
Total Homes in San Clemente: 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 Clemente.
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. Also known as absorption rate.
Days on Market: The average number of days between listing a home in San Clemente and accepting an offer in a given month.
- San Clemente Active Listings vs. Homes Sold Over Time
San Clemente saw a decrease in active home listings and homes sold compared to early 2021. However, both have leveled off over the past year.
- Current Days on Market – San Clemente vs. Other Orange County Cities
Homes in San Clemente tend to remain on the market longer than in many other Orange County cities, yet they still sell relatively swiftly, showcasing the city’s robust real estate demand within a competitive national context.
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 in understanding, consider the example of a property tax bill 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 Clemente, 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 Clemente Home Size and Value
San Clemente homes boast a larger median size than other cities in Orange County, with properties typically sold around an average of 2,340 square feet. However, San Clemente’s price per square foot, at $696, is near the overall average for Orange County, indicating an excellent choice for those looking for more spacious homes at a lower price.
| Median Home Size | ~2,340 ft2 |
| Price per Square Foot | $696 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
San Clemente Residents Data
1. Population
Exploring the dynamics of San Clemente’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 Clemente in relation to other parts of Orange County.
- San Clemente Population Statistics
San Clemente has a population of around 62,657 and a lower-end population density of 3,414 residents per square mile, indicating a comfortably populated coastal community.
| Population | 62,657 |
| Population Density (Residents per square mile) | 3,414 |
- Population Density – San Clemente vs. Other Orange County Cities
San Clemente, with its lighter shade on the map, indicates a lower population density compared to many other Orange County cities. This suggests that San Clemente offers a less crowded living environment, potentially providing more space and privacy for its residents within the bustling county.
2. Employment Industries and Median Income
Exploring the economic landscape of San Clemente reveals the key employment sectors underpinning the local job market and the median household income, reflecting the community’s overall financial health. A deeper understanding of these factors helps frame San Clemente’s economic position within the wider context of Orange County.
- San Clemente Industries and Employment Breakdown
The Professional, Scientific, and Technical Services sector is the leading employer in San Clemente, accounting for 13.2% of jobs in 2021. It is followed by the Retail Trade industry at 11.6%, with Manufacturing and Health Care & Social Assistance also playing significant roles, contributing 10.7% and 9.41% to the employment mix, respectively.
- San Clemente Median Household Income and Employment Rate
San Clemente has a relatively high median household income, noticeably surpassing many other Orange County cities, reflecting the area’s economic affluence. It also has a robust 59.30% employment rate that reflects a strong labor market and a significant proportion of the population engaged in work.
| Median Household Income | $134,730 |
| Employment Rate | 59.30% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. San Clemente City Attractions
San Clemente, California, renowned for its stunning beaches and Spanish Colonial-style architecture, is a haven for surfers, history buffs, and beachgoers. Here are some of the main attractions:
- San Clemente Pier: A perfect spot for fishing, sunset walks, and panoramic views of the Pacific Ocean.
- Casa Romantica Cultural Center and Gardens: Once the home of the city’s founder, this cultural center offers arts, classes, and breathtaking ocean views.
- T-Street Beach: A popular surf spot framed by a beachside trail that’s ideal for walking and cycling.
- San Clemente State Beach: Known for its rolling waves, campgrounds, and picnic areas, it’s a favorite among families and surf enthusiasts.
- San Clemente Downtown Shopping District: A vibrant area with boutiques, specialty shops, and local eateries, reflecting the city’s laid-back culture.
- Surfing Heritage and Culture Center: A museum dedicated to preserving surfing heritage with a vast collection of surfboards and memorabilia.
- San Onofre State Beach: Famed for its surfing spots like Trestles and a relaxed beach atmosphere, located just south of the city.
- San Clemente Coastal Trail: A beachfront path offering stunning views and a way to explore the coastline on foot or by bike.
- San Clemente Farmers Market: A Sunday market where locals and visitors can enjoy fresh produce, flowers, and artisan goods.
- Talega Golf Club: Boasting a championship golf course with lush fairways and an elegant clubhouse.
San Clemente’s beautiful beaches, historical sites, and active community life make it a quintessential Southern California beach town.
Conclusion
The examination of San Clemente’s housing market concludes with a reflection on the city’s unique blend of spacious homes, economic vitality, and cultural allure. With its strong employment sectors, above-average household incomes, and varied attractions, San Clemente stands out as a desirable location. The data presented in this article not only underscores the city’s status as a premium Southern California real estate hub but also shines a light on the quality of life enjoyed by its residents. As we look beyond the numbers, it’s clear that San Clemente’s market trends and community attributes offer a compelling proposition for those seeking to call this coastal gem home.
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