Buying San Clemente Ocean View Home For Sale Under $500,000

Buyers who are looking for San Clemente Homes For Sale with Ocean Views should be surprised to learn the home values have come down in recent months and ocean view homes now can be found for under $500,000 in San Clemente, California. Many dream of living by the beach in Southern California with the warm climate and care free lifestyle. With record low mortgage rates and low home prices being able to afford a home is coming in to the reach of many home buyers.

San Clemente is a small beach town in San Clemente with a local flare and some of the best beaches in all of Southern California. Many surfers call San Clemente homes due to the big surf breaks that reside within the San Clemente city limits. Many locals have lived here for over 40 years and have seen a dramatic change to landscape of San Clemente. The change happened in the late 1990's as many tourists found the sleepy beach town in Orange County with record low prices for homes located just blocks to the ocean. From that point home prices started to climb as homes that were originally selling for $200,000 now begun to sell for double and triple that amount. As prices began to climb, more and more home owners upgrade their homes and converted the small beach bungalows into larger estate homes. To this day you will still see the smaller beach homes mixed in with the much larger two story homes. As like any beach town in Southern California you have a mixture of the old and the new.

With the recent downturn of the economic market many have had to sell their home at a reduced price due to short sale or foreclosure. These distressed sales have also provided opportunities for home buyers looking for bargain prices for real estate in San Clemente. If you have been waiting for the bottom of the real estate market you may want to look at the current prices and determine if you now is a good time to buy. Many wonder when the exact time we will reach the very bottom of the market and nobody has the exact answer. One thing for certain is that we are seeing record low prices for real estate located close to the beach. The Southwest San Clemente area is a perfect example of where this is taking place. The Southwest area is widely known as the most popular spot to find a single family home by the beach. Just several years ago it was impossible to find a home under the $750,000 price point. Now things have changed and a two or three bedroom home in this area can be bought in the low $500,000 range. Many home buyers have been waiting years for prices to come down to this point and real estate is always a matter of supply and demand. Unlike the rest of the country, beach real estate is always been high in demand so the real estate market will improve at a much higher rate by the beach than homes located inland.

If you are looking for an ocean view home in San Clemente you should know their are many pockets and neighborhoods that are only known by local residents. Working with a local San Clemente Real Estate agent is the key to finding the perfect ocean view property that fits within your search criteria. Make sure you are aware of areas that have shifting land as this may impact your style of living and home prices. San Clemente is one of best beach towns to live in all of Southern California and we know you will fall in love with the local charm and personality of our small town. Make sure to visit the southwest and southeast parts of San Clemente as they have some of the best ocean view homes and are within walking distance to the beach. The inventory of homes is really low so If you see something you like you need to act quick! This truly is one of the best times to buy real estate as we will look back on these times and wonder why we didn't buy more real estate!