Increased market times are causing price reductions on the higher end to occur. Contact us for a personalized perspective on the market and how it pertains to your possible sale or purchase!
Source: OC Register, September 19, 2017:
Hefty discounts get Laguna Beach homes selling
Laguna Beach home sellers got the county’s second highest prices in August, but it took the second largest discounts to get the deals done.
Here are highlights of ReportsOnHousing house-hunting data for resales of existing detached and attached residences in the community. Analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.
In Laguna Beach …
Sales: 35 sold vs. 32 a year ago.
Average sales price: $2,452,114, second highest out of 46 Orange County markets tracked and was down 11.4 percent in a year.
Compared to list: Sellers got 95.7 percent of what they typically asked for, second worst of the 46 markets.
Range: High sale of $8.5 million vs. a $285,000 low.
Sizing: On average, buyers paid $1,240 per square foot on a 1,978 square-foot residence. This pricing metric was off 0.7 percent in a year.
Market speed: 209 days, listing to escrow opened vs. 294 days a year ago and 231 days two years ago.
Currently Listed in Laguna Beach
2841 Ridge Drive $9,000/month
Coming In November For Lease:
Mountain View Drive
New Personalized Home Search Tool
Surterre Properties is excited to announce a partnership with RealScout, a new home search service that allows for personalized search customization, allowing you to look for more specific features and traits such as: “contemporary,” “fixer-upper”, “natural light,” “open floor plan,” and more!
Give it a try and let us know how you like it! You may also as always search our web site for property at www.HortonsInLaguna.com.
October 2017 Laguna Beach StatisticsActive - 261
Pending - 54
Sold - 29 in September
3 - Sold less than $1,000,000
14 - $1,000,000 - $2,000,000
5 - $2,000,000 - $3,000,000
6 - $3,000,000 - $4,000,000
1 - $7,850,000