| 90-day Market Stats for Single Family properties in SAN CLEMENTE, CA as of September 23 2011 |
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| Median List Price: | $738,740 | Average List Price: | $1,030,560 |
| Total Inventory: | 420 | Price Per Square Foot: | $288/SqFt |
| Average Home Size: | 2,932 SqFt | Median Lot Size: | 7,070 |
| Average # Beds: | 3.92 | Average # Baths: | 3.48 |
| Homes Absorbed: | 22 | Newly Listed: | 19 |
| Days on Market: | 170 days | Average Age: | 23 years |
| Data provided by and ©2011 Altos Research LLC | |||
The VA department of housing will be reducing their Funding Fee starting October 1st 2011.
See the new schedule of fees below
| Purchase Loans Funding Before October 1st, 2011 | ||
| Down Payment | Active Duty | Reserves/NG |
| 0% to 4.99% | 2.20% | 2.40% |
| 5% to 9.99% | 1.50% | 1.75% |
| 10% + | 1.25% | 1.50% |
| Second time use, purchase of an eligible property | ||
| Down Payment | Active Duty | Reserves/NG |
| 0% to 4.99% | 3.30% | 3.30% |
| 5% to 9.99% | 1.50% | 1.75% |
| 10% + | 1.25% | 1.50% |
| Purchase Loans Funding On or After October 1st, 2011 | ||
| Down Payment | Active Duty | Reserves/NG |
| 0% to 4.99% | 1.40% | 1.65% |
| 5% to 9.99% | 0.75% | 1.00% |
| 10% + | 0.50% | 0.75% |
| Second time use, purchase of an Eligible Property | ||
| Down Payment | Active Duty | Reserves/NG |
| 0% to 4.99% | 2.80% | 2.80% |
| 5% to 9.99% | 0.75% | 1.00% |
| 10% + | 0.50% | 0.75% |
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On a 5-0 vote Tuesday night, the City Council agreed to pay Fehr & Peers Transportation Consultants $64,300 to:
• Find the best way to get bicyclists safely between Camino Vera Cruz and El Camino Real along the busy Avenida Pico corridor.
• Recommend the best way to engineer a safe bikeway between North Beach and the Dana Point city limit along El Camino Real (Pacific Coast Highway). (Click here to see map)
City Engineer Bill Cameron said he would like to see a Class 1 bikeway – separated from cars – for as much of the Pico route as possible.
"Pico is our most heavily traveled road," he said. "I'm a cyclist and I don't want to ride on that street."
The city expects to receive options with cost estimates attached. Solutions could involve routing the bikeway along a storm-drain channel or even tunneling under I-5, which would be expensive, Cameron said. The city would apply for grants and work with the California Department of Transportation and the Orange County Transportation Authority to incorporate bicycle improvements into a proposed widening of the Pico freeway undercrossing.
On El Camino Real, the city needs to decide whether to have protected bike lanes on each side of the highway or use a single, two-way protected lane like Dana Point has. Cameron said he would want San Clemente's to be wider.
There's also the question, Cameron said, of how bicyclists should negotiate the intersection of El Camino Real and Avenida Estacion, which will get a traffic signal. Right of way is limited in that area.
Cameron said the city expects some partially engineered answers in time to meet a June 9 deadline for a grant application.
Pete van Nuys, a San Clemente cycling expert, questioned whether the city is going too fast. He said he doesn't like what he called the Dana Point "cattle chute" approach and that he could envision a Class 1 trail halfway up the Marblehead Coastal bluff.
Brenda Miller, a local bicycle enthusiast and city planning commissioner, said the city needs to ensure connections to neighborhoods such as the Marblehead Coastal development and Shorecliffs. "Do it right rather than twice or thrice," she said.
Cameron said a route halfway up the bluff would be nice, and Marblehead Coastal developers show a walking trail there in their plans. Only the Marblehead Coastal stretch of bluff north to Camino Capistrano is suitable for the trail, Cameron added.
Though the city hopes to apply for an El Camino Real grant by June, Cameron said the city has longer to deal with options for Pico.
DANA POINT More than 200 wines will be poured at Doheny State Beach when the California Wine Festival adds Dana Point as one of its locations for a three-day celebration starting Thursday.
When Don Fritzen and his wife Kami, who own Evergreen Events LLC which runs the festival, were looking for points north of San Diego to add as a location for the festival – which marks its seventh year in Santa Barbara in July – they found that Dana Point had the five things essential for such an event: sand, sea, wine, food and music.
And, at Doheny State Beach – where the main event occurs on Saturday – there's plenty of it.Plus a sixth: parking.
"We found what we wanted. (Parking) doesn't sound very romantic but it's a beautiful beachside park (with a) large grassy area and we're expecting a couple of thousand people" who all drive, said Don Fritzen.
Having San Diego as a festival stop before, Evergreen Events looked at Malibu for a festival stop and worked its way south and discovered Dana Point.
"We're expecting a great festival in Orange County this year," said Fritzen in a news release. "Orange County is 'Wine Lover Country' with a reputation for supporting wine events like no place else. We're really excited about the new Festival and the high level of enthusiasm in Orange County!"
About 100 exhibitors will be on hand Saturday, including some 60 wineries, Fritzen said. Fine Orange County restaurants and microbreweries, including Left Coast Brewing Company, Inc., of San Clemente, will also be present.
"We have a loyal following among the wineries and people who attend follow (the festival) from venue to venue," Fritzen said.
Cost for the Saturday's beachside 1 to 4 p.m. event is $75 at the gate, $59 in advance, and buys unlimited food and wine sampling. Two smaller events also are planned at the Ritz-Carlton on Thursday and at the Dana Point Yacht Club on Friday.
For detailed information on all events and times or to purchase tickets visitwww.californiawinefestival.com or contact info@californiawinefestival.com.
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 9 White Water Lane The home's reserve price was $6.9 million, though the final cost is currently undisclosed. The sale – conducted through New York-based Concierge Auctions and Coast Sotheby’s International Realty – attracted about 160 prospective buyers. And, more than 9,000 people from 48 countries clicked onto the Web site to view the property. “I am extremely pleased with the outcome," said Kelly Burt, the seller of the home at 7 White Water Lane. “Concierge Auctions exposed the property to a global audience of qualified buyers and accomplished my objective of selling in an accelerated period of time amidst a very challenging market.” A second home at 9 White Water Lane – also owned by Burt – is slated for auction on May 20 at 2 p.m. at a reserve price of $7.9 million. At more than 11,000 square feet, it features a Spanish-revival style, with six bedrooms and eight baths. An online auction of two separate Strand properties by Newport Beach-based LFC Group of Cos. closed on April 1. Sealed bid offers on the properties at 49 Beach View and 15 White Water Lane are being reviewed. Each had a minimum bid of $7.5 million. The Strand at Headlands sits on 121 acres of beachfront terrain between Laguna Beach and San Clemente. Property offerings include a private Beach Club, a 90-room luxury resort and spa, and 24-hour gated security. | ||||
