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| Elegant Montage Villa Listed by Pamela & Amanda 3 Bedrooms, 3.5 Baths, Ocean Views, $6,495,000 Located at Montage Resort Laguna Beach Click to View the Montage Villa Website |
Double-Digit Gain in Annual Home Sales Suggests Robust Market Will Continue!
California pending home sales jumped in March
to record three straight month-to-month and year-to-year sales increases,
portending a solid upcoming spring home-buying season. Pending home sales in
Southern California rose 16.7% percent in March up 15% from March 2014. Laguna Beach saw an increase in the number of homes sold. Sales prices
increased modestly which can be perceived as good as no one wants to see the
huge increases that led the torrid downward spiral of home prices during the
lending scandal that hit the country by storm in the earlier part of this
decade.
Equity Sales: Non-distressed property sales climbed in March to most of all home sales. Equity sales
have been more than 80% of total sales since July 2013 and have risen to or
near 90% since mid-2014.Distressed Sales: Fell in March to 9% of all sales.
Homes Pricing: The premium paid over asking price declined in March indicating
sellers’ and buyers’ expectations are more in line. In March, homes that sold
above asking price sold for 7.5% above asking price, this is down from 10% in
February, and essentially flat from March 2014. So the tried and true adage
stands; price your home right and you will sell your home close to asking price,
price it too low and you will have multiple offers, price it over market value
and expect to be on the market a long time.
*CoreLogic 4/24/15
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APRIL 2015 SALES STATISTICS FOR LAGUNA BEACH:
218 Active listings
68 In Escrow
39 Closed Sales 4/1/2015 – 4/30/2015
Sales for April 2015:
4 sales under $1 million
20 sales $1-2 million
7 sales $3-4 million
5 sales $4-5 million
1 sale $6,288,598
2 sales $7-8 million
*Source CRMLS 4/30/15
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR MARCH 2015 COMPARED TO MARCH 2014:
Balboa Island - 92662 - 5- $2,985,000: -25.4%
Capistrano Beach - 92624 - 9 - $1,080,000: +45.9%
Corona del Mar - 92625 - 10 - $1,760,000: -12%
Costa Mesa - 92626 - 36- $629,000: +4.5%
Costa Mesa - 92627 - 25 - $865,000: +22.3%
Dana Point - 92629 - 23- $885,000: -24%
Laguna Beach - 92651 - 35 - $1,725,000: -12.7%
Laguna Niguel - 92677 - 58 - $801,000: +3.4%
Newport Beach - 92660 - 43 - $1,600,000: -10.5%
Newport Beach – 92661 – 4 - $2,315,000: +12.1%
Newport Beach – 92663 – 15 - $1,650,000: +3.8%
Newport Coast – 92657 – 15 - $2,783,000 -11.7%
San Clemente – 92672 – 41 - $758,000: -7.3%
San Clemente – 92673 – 31 - $875,000: +5.7%
*Source DQNews/LATimes 4/25/15
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*CoreLogic 4/24/15
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APRIL 2015 SALES STATISTICS FOR LAGUNA BEACH:
218 Active listings
68 In Escrow
39 Closed Sales 4/1/2015 – 4/30/2015
Sales for April 2015:
4 sales under $1 million
20 sales $1-2 million
7 sales $3-4 million
5 sales $4-5 million
1 sale $6,288,598
2 sales $7-8 million
*Source CRMLS 4/30/15
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR MARCH 2015 COMPARED TO MARCH 2014:
Balboa Island - 92662 - 5- $2,985,000: -25.4%
Capistrano Beach - 92624 - 9 - $1,080,000: +45.9%
Corona del Mar - 92625 - 10 - $1,760,000: -12%
Costa Mesa - 92626 - 36- $629,000: +4.5%
Costa Mesa - 92627 - 25 - $865,000: +22.3%
Dana Point - 92629 - 23- $885,000: -24%
Laguna Beach - 92651 - 35 - $1,725,000: -12.7%
Laguna Niguel - 92677 - 58 - $801,000: +3.4%
Newport Beach - 92660 - 43 - $1,600,000: -10.5%
Newport Beach – 92661 – 4 - $2,315,000: +12.1%
Newport Beach – 92663 – 15 - $1,650,000: +3.8%
Newport Coast – 92657 – 15 - $2,783,000 -11.7%
San Clemente – 92672 – 41 - $758,000: -7.3%
San Clemente – 92673 – 31 - $875,000: +5.7%
*Source DQNews/LATimes 4/25/15
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