OCTOBER 2013 SOUTH ORANGE COUNTY REAL ESTATE

Laguna Beach 15th Annual Plein Air Painters Invitational 
To be held at Aliso Creek Oct 13-19
LPAPA strives to conserve the artistic and culture heritage of Laguna Beach as an arts colony.

 

 

SALE PRICES SLIGHTLY HIGHER IN AUGUST, SALES STEADY

 

Area home sales were the highest for an August in 7 years.. There are fewer cash and investor purchases as prices increase thus amount of sales are down about 1/3. Median sale prices were comparable to June and July but rose over 2012. This makes the 8th consecutive month with a year-over-year gain over 20%.

*Source LATimes, DQNews 9/30/13

----------------------------------------------------------------

SEPTEMBER STATISTICS FOR LAGUNA BEACH:

233 active listings
52 in escrow
35 closed sales from 9/01/13 - 9/30/13

32 Sales for September 2013:
8 sales under $1 million
16 sales $1-2 million
6 sales $2-3 million
4 sales 3-4 million
1 sale $4,800,000

*Source CRMLS 9/30/13
----------------------------------------------------------------

COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR SEPTEMBER 2012 COMPARED TO SEPTEMBER 2013:

Balboa Island - 92662 - 1 - $8,350,000 - N/A
Capo Beach - 92624 - 5 - $1,189,000 - 99.0%
Corona del Mar - 92625 - 14 - $2,185,000 - 36.1%
Costa Mesa - 92626 - 30- $609,000 - 35.0%
Costa Mesa - 92627 - 34 - $729,000 - 22.1%
Dana Point - 92629 - 29 - $875,000 - 18.4%
Laguna Beach - 92651 - 38 - $1,968,000 - 31.2%
Laguna Niguel - 92677 - 62 - $776,000 - 15.8%
Newport Beach - 92660 - 38 - $1,573,000 - 21.9%
Newport Beach - 92661 - 5 - $1,680,000 - 6.7%
Newport Beach - 92663- 15 - $1,400,000 - minus 30.6%
Newport Coast - 92657 - 22 - $2,400,000 - minus 11.1%
San Clemente - 92672 - 30 - $828,000 - 14.1%
San Clemente - 92673 - 38 - $880,000 - 25.7%

**Market Changes: Almost all zip codes are down in number of sales and median price from June 2012, % of median price is about the same or less in some zip codes.
Source DataQuickNews/LATimes 9/30/13

Let's Tweet