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| Just Listed by HortonsInLaguna 31405 Monterey St, Laguna Beach Panoramic Ocean Views 4 bedrooms/4 baths 3100 SF $2,395,000 |
In Many Markets Home Sales Are Rising
Sales of existing homes in the United States reached their highest level since 2006 last year. Steady
home value growth has allowed many housing markets to eclipse previous records
set during the housing bubble.
-- Upper price range homes are still seeing a somewhat sluggish market.
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Home prices are up 5.8 percent from last year.
-- When a home is overpriced most buyers resist making offers not wanting to insult the sellers. Pricing while always key is even more so in today's market.
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Why We Are Interested in the Millennial Generation
-- These 18-29 year olds are the next generation of buyers.
-- Their spending is conservative and they are saving money to pay off debt, for retirement and for buying a house. So they may be your future buyer.
-- They are young professionals who prefer a turnkey home that needs little or no work. Modern homes that are cost- and energy-efficient.
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March 2016 Sales Statistics for Laguna Beach:
212 Active Listings
44 Pending Sales
28 Closed Sales from 3/01/16 - 3/31/16
Sales Statistics:
7 - less than $1,000,000
11 - $1,000,000 - $2,000,000
8 - $2,000,000 - $3,000,000
5 - $3,000,000 - $4,000,000
4 - $4,000,000 - $5,000,000
1 - $5,695,000
2 - $6,000,000 - $7,000,000
1 - $19,125,000
Inventory is starting its normal creep upwards while the number of in escrow sales is about the same. Great news is the 28 closed sales in March, this is significant considering that the number of pending sales did not decrease.
*CRMLS 4/14/16
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On Broker Preview this week we thought this Laguna Beach home listed by Keller Williams to be a good buy with 3 beds/2.5 baths, pool and ocean views. $1,595,000.
Thinking of Buying or Selling?
Click
link below to contact Amanda and Pamela.
We offer Complimentary Market Evaluations
and Personalized Lists of Homes For Sale.
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