San Clemente is a city that boasts “The Best Climate in the World,” and there’s reason to believe it’s true.  However, even in one of the most desirable locales on the planet, the financial crisis is apparent.  Over the past twelve months, 146 homes have been sold that were in some phase of foreclosure.  That represents 24% of the 596 homes sold.  More recently, 58 (35%) of the 165 homes sold in the three months ending September 30, 2008 were being foreclosed upon.  It appears that the trend continues to grow, as September’s sales taken alone represented 40% in foreclosure (19 of 48 homes).

Buyers

For buyers looking to get in at the right time, these properties represent a unique opportunity.

Sellers

If you happen to be one of the many victims of the subprime market, then you would do well to contact the Csira Group to explore your options.  You may very well save yourself from foreclosure.

To view available foreclosure properties in San Clemente, please visit our San Clemente Foreclosure Properties page.