Close to Beach and Town - 721 Browncroft Rd, Laguna Beach
3 Bedrooms/4 Baths $1,999,000
Strong Sales
Lift U.S. Home Prices 5.1%
Solid sales pushed up U.S. home prices at a steady
pace in August from a year earlier, a sign that the housing market is improving
despite a slowdown in the overall economy.
Home Prices: Prices have risen at a 5% pace for most of this year, which economists see as more
sustainable than last year's double-digit gains. Three years of solid hiring
and historically low mortgage rates have enabled more Americans to buy
homes.
Sales: Sales of
existing homes jumped 4.7% in September to a seasonally adjusted annual rate of
5.55 million. The number of
existing homes for sales has fallen 3.1% in the past 12 months. In September,
the number of available homes was equal to just 4.8 months' of sales, below the
six months that is typical of a balanced market.
Mortgage Rates: Low mortgage rates are helping would-be buyers. The average
rate on a 30-year fixed mortgage fell to 3.79% last week, its the 13th straight
week below 4%.
Interest Rate News: Buyers
and the industry will have to wait a little longer for the expected rate hike.
This is to support continued progress toward maximum employment and price
stability. So rates will stay at the current 0 to 1/4%. The Federal objective
is try to maximum employment at a 2% inflation. They did hint at a possible
December rate hike.
LATimes/CAR 10/28/15
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OCTOBER SALES STATISTICS FOR LAGUNA BEACH:
189 Active Listings
41 In Escrow
23 Closed Sales from 9/01/15 - 9/30/15
Statistics for October Sales:
1 Sale $488,000
12 Sales $1-2 million
4 Sales $2-3 million
1 Sale $3,200,000
2 Sales $5-6 million
2 Sales $10-11 million
189 Active Listings
41 In Escrow
23 Closed Sales from 9/01/15 - 9/30/15
Statistics for October Sales:
1 Sale $488,000
12 Sales $1-2 million
4 Sales $2-3 million
1 Sale $3,200,000
2 Sales $5-6 million
2 Sales $10-11 million
1 Sale for 17,200,000
*Source CRMLS 11/01/15
*Source CRMLS 11/01/15
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Fabulous Alta Vista Lease - Forever Views
1350 Alta Vista Dr, Laguna Beach
4 bedrooms, 3 baths, 3,200 SF $9,775/Month
