Real Estate News About The South Orange County Coastal Communities of Laguna Beach, Dana Point, San Clemente, Newport Beach, Corona del Mar, Newport Coast.
Sellers: Make Today's Home Price Appreciation Work for You
Source: Keeping Current Matters August 2021
Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?
Here’s what three leading industry experts have to say about what lies ahead:
Lawrence Yun, Chief Economist, National Association of Realtors (NAR):
“At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expectprices to appreciate at a slower pace by the end of the year.”
Selma Hepp, Deputy Chief Economist, CoreLogic:
“The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home construction, home price acceleration that has built momentum, and continues to reach new highs, will likely slow later this summer but remain in double digits.”
George Ratiu, Chief Economist, realtor.com:
“Many sellers are going to take advantage of higher prices. This summer is going to signal the move to the next chapter, and this will very much be the year they’re going to put their home on the market.”
BUYERS SEEKING HOMES
Laguna Beach
Inventory is still low! We have Buyers seeking the following:
Duplex in Laguna Beach
2+ bedroom Cottage: Village or North Laguna
3+ bedroom with Panoramic ocean views, South Laguna
IN ESCROW
Laguna Beach
2841 Ridge Drive Laguna Beach Closing this month! Representing Seller
MARKET STATISTICS
Laguna Beach - August 2021
Active - 113 Pending - 63 Sold in July - 52 Under $1,000,000 - 1 $1,000,000 - $2,000,000 - 18 $2,000,000 - $3,000,000 - 13 $3,000,000 - $5,000,000 - 14 $5,000,000 - $10,000,000 - 6 $10,000,000 or more - 0
