The holiday season gets going in San Clemente this Saturday with the tree lighting at the Outlets. On the money side, borrowing got a little cheaper again: the average 30-year fixed mortgage rate came in at 7.18% last Thursday, down for the third week in a row, according to Freddie Mac.
Here in San Clemente, homes kept moving at a steady clip. Homes that closed in October sold in a median of 13 days, down from 20 a year earlier, according to CRMLS, the regional MLS where local agents list and report sales.
Around Town
Nov
14
Saturday
Coming up Saturday
Tree Lighting Celebration at the Outlets
5 PM · Santa Clemente Village, Outlets at San Clemente, 101 W Avenida Vista Hermosa
The Outlets kick off the holiday season with an evening hosted by Josh Randall, a special performance by Orange County School of the Arts' Montage!, the Full Circle Boys headlining, and Santa on hand to help light the tree.
Event details
Mortgage Rates
The 30-year average was 7.24% the week before and 6.22% a year ago. The 15-year fixed came in at 6.57%.
30-year fixed
7.18%
-0.06 pts from last week15-year fixed
6.57%
-0.03 pts from last weekSource: Freddie Mac Primary Mortgage Market Survey, November 5, 2026
Try it yourself
What would the payment be?
Principal + interest
$9,448/mo
At 7.18% on a 30-year fixed loan.
If rates were half a point lower, about $8,981/mo, a difference of $467 a month.
An estimate only, not a loan offer. Property taxes, insurance, HOA dues and Mello-Roos are not included, and your actual rate will depend on your lender and credit. Rate: Freddie Mac weekly average, November 5, 2026.
San Clemente Snapshot
$1.74M
Median sale price
+5.7% vs. October 2025 ($1.65M)$775
Median price per sq ft
+3.6% vs. last year ($747)13
Median days on market
Down from 20 a year ago46
Homes sold
Down from 49 a year ago99.1%
Median sale-to-list
Up from 99.0% a year ago$600K–$4.3M
Range of October sales
Lowest to highest closed priceSource: CRMLS (California Regional MLS), closed residential sales in San Clemente, October 1–31, 2026 vs. October 2025. Pulled November 9, 2026.
San Clemente vs. the U.S.
NAR's October national numbers come out on November 12, so September is still the latest side-by-side. With about 50 sales a month in San Clemente, the local median can swing with the mix of homes that close, so the trend over a few months tells the clearer story.
$2,200,000
+16.6% year over year
$417,500
+1.3% year over year
13 days
Down from 37
33 days
Same as a year ago
55 homes sold
Down from 58
3.99M annual pace
+1.5% from August, -2.2% year over year
Sources: CRMLS closed residential sales, San Clemente, September 2026 vs. September 2025; National Association of REALTORS® existing-home sales, September 2026
1.60M
Homes for sale
+4.6% vs. last year4.8
Months' supply
Unchanged from August31%
First-time buyers
Share of September sales$613,600
West median price
-0.3% vs. last year-7.3%
Pending home sales
September vs. AugustSource: National Association of REALTORS®, 2026 Profile of Home Buyers and Sellers, November 5, 2026
What It Means
For sellers
If you are selling
Homes that closed here in October sold in a median of 13 days at 99.1% of list price, according to CRMLS. Thoughtful pricing from the start still goes a long way.
For buyers
If you are buying
Three weeks of easing rates trims the monthly payment a little at a time. Try the calculator above with your own numbers, and a quick check-in with your lender can show where you stand.
Neighborhood Spotlight
Neighborhood Spotlight
Rancho San Clemente
Rancho San Clemente is a hillside district overlooking the Pier Bowl, with eleven single-family tracts and three condo communities, mostly in Spanish and Mediterranean styles. Many homes look out over mountains, canyons and the Pacific, and on clear days Catalina Island.
11
Single-family tracts
2
Gated tracts
3
Condo communities
Views
Mountains, canyons, the ocean, and Catalina Island on clear days
Ridgeline Trail
A 3.5-mile hiking and biking path starting at the top of Avenida Salvador
RSC Tennis & Fitness
A private club with 19 lighted tennis courts, a fitness center, and a pool
Jacob Hazzard
REALTOR® with Luxre Realty, born and raised in San Clemente. CA DRE# 02222037.
Figures come from the named public sources linked under each chart. Market Notes never estimates a number.
Neighborhoods in this issue
