The Dana Knolls area is commonly known as the mid-century modern neighborhood here in Dana Point with single level homes that were built in the 1960's. This is a quiet area off Del Obispo street which runs in the very south end of Dana Point near the city limits of Rancho San Clemente. Real Estate prices currently start at $775,000 for a three bedroom, two bath house with 1,729 square feet of living space. A newly listed ocean view home has just came on the market in Dana Knolls for $799,000. The home features three bedrooms, two baths with 1,750 square feet of living space. This is also a one story home that is being sold under a trust sale. Interested parties in this home are requested to write an offer with a probate purchase agreement with a trust advisory addendum even though no court approval is needed for this sale. This is an "as-is" sale which is pretty common for distressed listings with no termite work and no repairs being done to the home. Other homes in the neighborhood are currently priced at $814,000 and $825,000 and are in the same general square foot range.
Real Estate sales for Dana Knolls in the past year have ranged from $630,000 for a four bedroom, 1,628 square foot home to $950,000 for a three bedroom, 2,472 square foot house. All of the 12 homes sales have been for homes built between 1962 to 1963 with every single home except for one being a one story home. The real estate market in Dana Point continues to improve as home prices have slowly increased in the past two to three years. The inventory of housing still plays a major factor in the supply/demand issue as the current marketplace is what Realtors call a "Seller's Market" where owners have more control than the home buyers. Interest rates also play a factor in real estate prices but any fluctuation upward may slow down the market considerably so it's important to keep that in mind when buying a home in Dana Point. For those wanting to learn more about the local market here in Dana Point feel free to reach out to us at 949-606-4114. We love educating our buyers on the best places to buy real estate here in Dana Point.