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| Laguna Hotel Car Art - Ken Erickson |
SOUTHLAND HOME SALES HIT 6-YEAR HIGH; MEDIAN EDGES HIGHER
Southern California home sales rose to the highest level for the month of August in six years, fueled by low mortgage rates, a healthier move-up market and near-record levels of investor and cash buying. The median price paid for a home rose to a four-year high, lifted partly by the ongoing shift toward fewer foreclosure resales and more mid- to high-end deals,
August was the strongest month for home sales so far this year, and the strongest for an August in six years. That's really saying something given the drop in low-end sales, especially foreclosure resales. Much of the pickup in activity reflects a continuation of trends we've seen for months, like the unleashing of pent-up demand in move-up markets and high levels of cash and investor buying.
SEPTEMBER STATISTICS FOR LAGUNA BEACH:
186 homes for sale
74 in escrow
29 closed sales from 9/1/12 - 9/30/12
29 Sales for September 2012:
7 sales under $1 million
12 sales $1-2 million
5 sales $2-3 million
1 sale for $3,175,000
2 sales $4-5 million
1 sale for $6,625,000
1 sale for $20.000.000
*Higher price ranges starting to sell more.
*SoCalMLS, DQNews 10/03/12
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COASTAL AREA SALES AND DISTRESS SALE STATISTICS FOR 2012 FROM 01/01/12:
Balboa Island, Corona del Mar, Costa Mesa, Dana Point, Laguna Beach, Laguna Niguel, Newport Beach, Newport Coast, San Clemente
Active Listings = 1,234 Distressed = 75
In Escrow Listings = 1,039 Distressed = 439
Sold from 01/01/12 = 4,001 Distressed = 1123
*Distress sales are lowering
*SoCalMLS 10/03/12
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR AUGUST 2011 COMPARED TO AUGUST 2012:
City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - N/A - N/A - N/A
Capo Beach - 92624 - 87 - $598,000 - 3.9%
Corona del Mar - 92625 - 20 - $1,605,000 - minus 7%
Costa Mesa - 92626 - 34 - $510,000 - 6.5%
Costa Mesa - 92627 - 27 - $540,000 - 19.6%
Dana Point - 92629 - 31 - $700,000 - 20%
Laguna Beach - 92651 - 37 - $1,500,000 - 46.7%
Laguna Niguel - 92677 - 74 - $660,000 - 48.7%
Newport Beach - 92660 - 54 - $1,276,000 - 2.1%
Newport Beach - 92661 - 5 - $1,575,000 - minus 12.5%
Newport Beach - 92661- 19 - $2,017,000 - 56.7%
Newport Coast - 92657 - 23 - $2,700,000 - 54.8%
San Clemente - 92672 - 35 - $725,000 - 24.5%
San Clemente - 92673 - 32 - $700,000 - 4.5%
*DataQuickNews 10/03/2012
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ZIP Codes: 92662, 92625, 92626, 92627, 92624, 92629, 92651, 92677, 92657, 92657, 92660, 92661, 92662, 92663, 92672, 92673
Approximate Location Boundaries: Coastal Communities of South Orange County
Location Characteristics: Specializing in the South Orange County California Coastal Cities known as the "California Riviera." The cities are Balboa Island, Corona Del Mar, Costa Mesa, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente. From "Castles to Cottages" there is a home here for everyone. Pamela Horton and Amanda Horton look forward to helping you with your real estate needs in this picturesque area!
186 homes for sale
74 in escrow
29 closed sales from 9/1/12 - 9/30/12
29 Sales for September 2012:
7 sales under $1 million
12 sales $1-2 million
5 sales $2-3 million
1 sale for $3,175,000
2 sales $4-5 million
1 sale for $6,625,000
1 sale for $20.000.000
*Higher price ranges starting to sell more.
*SoCalMLS, DQNews 10/03/12
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COASTAL AREA SALES AND DISTRESS SALE STATISTICS FOR 2012 FROM 01/01/12:
Balboa Island, Corona del Mar, Costa Mesa, Dana Point, Laguna Beach, Laguna Niguel, Newport Beach, Newport Coast, San Clemente
Active Listings = 1,234 Distressed = 75
In Escrow Listings = 1,039 Distressed = 439
Sold from 01/01/12 = 4,001 Distressed = 1123
*Distress sales are lowering
*SoCalMLS 10/03/12
---------------------------------------------------------------------
COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR AUGUST 2011 COMPARED TO AUGUST 2012:
City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - N/A - N/A - N/A
Capo Beach - 92624 - 87 - $598,000 - 3.9%
Corona del Mar - 92625 - 20 - $1,605,000 - minus 7%
Costa Mesa - 92626 - 34 - $510,000 - 6.5%
Costa Mesa - 92627 - 27 - $540,000 - 19.6%
Dana Point - 92629 - 31 - $700,000 - 20%
Laguna Beach - 92651 - 37 - $1,500,000 - 46.7%
Laguna Niguel - 92677 - 74 - $660,000 - 48.7%
Newport Beach - 92660 - 54 - $1,276,000 - 2.1%
Newport Beach - 92661 - 5 - $1,575,000 - minus 12.5%
Newport Beach - 92661- 19 - $2,017,000 - 56.7%
Newport Coast - 92657 - 23 - $2,700,000 - 54.8%
San Clemente - 92672 - 35 - $725,000 - 24.5%
San Clemente - 92673 - 32 - $700,000 - 4.5%
*DataQuickNews 10/03/2012
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ZIP Codes: 92662, 92625, 92626, 92627, 92624, 92629, 92651, 92677, 92657, 92657, 92660, 92661, 92662, 92663, 92672, 92673
Approximate Location Boundaries: Coastal Communities of South Orange County
Location Characteristics: Specializing in the South Orange County California Coastal Cities known as the "California Riviera." The cities are Balboa Island, Corona Del Mar, Costa Mesa, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente. From "Castles to Cottages" there is a home here for everyone. Pamela Horton and Amanda Horton look forward to helping you with your real estate needs in this picturesque area!
