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Luxury Homes: San Clemente To Monarch Beach – Great Ocean View Values Do Exist!
The current challenges in the real estate market have presented great buying opportunities throughout Orange County. While competition to buy well-priced REO’s/foreclosures and short sales is extremely high, the opportunity to buy incredible luxury properties is much less competitive. Select ocean view properties in San Clemente, and Monarch Beach can be purchased for as low as half of their peak values of 2006. While, it may take a very long time to get back to recent record price levels, luxury ocean view real estate is always in demand.
So where are the best ocean view luxury home deals? Consistent with the overall Orange County real estate market, the best buys are primarily distressed properties – short sale and REO foreclosures. As noted above, the competition to buy well-priced distressed properties is intense with multiple offers within the first few days very common. However, at the luxury level the story is much different. Given that there are far fewer buyers for high end luxury homes, the potential to find an ocean view bargain is very good. Distressed luxury homes priced above $3 million seem ...
... to offer the best overall values.
I have identified several ocean view luxury “best buys” in Monarch Beach and San Clemente that showcase the values currently available. To qualify as a Ventana “Best Buy” the luxury homes need to be listed at approximately 50% of peak value and fall in the “distressed” category where further value may be attainable. Some of the best ocean view values in San Clemente and Monarch Beach homes are found here: San Clemente, Monarch Beach Luxury Homes. These homes represent great buying opportunities and long term potential for appreciation.
If you are in the market to buy an ocean view luxury home, I would welcome the opportunity to work with you to find your dream home at a dream price! To start your distressed luxury home property search please visit http://www.findcarealestate.com/bank-owned. I can be reached at 949-500-0484.
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Laguna Beach Homes for Sale
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