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2014 Ends
With Home Sales And Prices On The Rise
During December 2014 the number of homes sold increased sharply
from November and prices rose modestly from the same time a year earlier,
marking one of just two months in 2014 to post a year-over-year gain in sales. Lower
mortgage rates and job growth in recent months may account for these increases.
Ongoing Trend: One month doesn’t make a trend, but December’s increase
in home sales comes with a renewed interest in housing purchasing. The continued
decline in the share of homes sold to investors and cash buyers also comes with
a more stable market. Investors like to buy when homes are at bottom prices.
Cash buyers become more important when buyers are unable to obtain conventional
financing.
Time To Sell? As demand continues to build more inventory will be
needed to keep up with increasing sales. As more homebuyers enter the market higher
demand and higher home values will lead to a lot more people listing their
homes for sale.
Time To Buy? Absolutely! Prices are rising slowly, interest rates are at
an all-time low and growth in the economy is steady. First time buyers you can
stop leasing and use your hard earned money to purchase a home and an
investment in your future. Baby boomers time to find a one level home or move
nearer your family. Business people on the rise, buy your dream home. If there
is a dream it can be realized with the help of your partners in the future –
your real estate experts!
DQNews 1/14/15------------------------------------------------------------------------------
JANUARY 2015 SALES STATISTICS FOR LAGUNA BEACH
176 active listings
42 in escrow
25 closed sales from 1/01/15 - 1/31/15
42 in escrow
25 closed sales from 1/01/15 - 1/31/15
25 Sales for January
2015:
6 sales under $1 million
11 sales $1-2 million
3 sales $2-3 million
3 sale for $3-4 million
2 sale for $4-5 million6 sales under $1 million
11 sales $1-2 million
3 sales $2-3 million
3 sale for $3-4 million
*Source CRMLS 1/31/15
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MEDIAN SALES
PRICE FOR COASTAL ZIP CODES FOR DECEMBER 2014 COMPARED TO DECEMBER 2013
Balboa Island - 92662 - 0 - n/a – n/a
Capistrano Beach - 92624 - 5 - $902,000 : 19.8%
Corona del Mar - 92625 - 13 - $1,995,000 : -43%
Costa Mesa - 92626 - 24 - $645,000 : 4.8%
Costa Mesa - 92627 - 18 - $738,000 : 15.4%
Dana Point - 92629 - 32- $998,000 : 15%
Laguna Beach - 92651 - 293 - $1,750,000 : 14.1%
Laguna Niguel - 92677 - 51 - $820,000 : 21.2%
Newport Beach - 92660 - 34 - $1,451,000 : 7.6%
Newport Beach - 92661 - 6 - $2,325,000 : 27.4%
Newport Beach - 92663 – 15 - $2,125,000 : 27.6%
Newport Coast - 92657 - 11 - $3,200,000 : 49.9%
San Clemente - 92672 - 23 - $840,000 : 12%
San Clemente - 92673 - 29 - $770,000 : -6.1%
*Source DQNews/LATimes 1/25/15
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