Just Listed - 1035 Noria Street - Ocean View Home
3 Beds, 3.5 Baths, $1,349,000
Price Gains Lower, Buyers Gaining Leverage
Rising prices and low inventory have finally cooled the housing market, just a bit. Pending home sales are down nationally yet the market remains well above last year’s levels. Demand continues to outpace supply. Even with existing housing supply barely budging all summer, sales activity is still higher than earlier this year and a year ago. The median price of an existing home is expected to rise 5.8% nationally by the end of this year. And in the West, the bright spot of real estate pricing, the average rose.
We're in a bit of an adjustment period right now towards a more normal market. After two years of bidding wars and big price run-ups, some sellers have yet to come to terms with a slower market. After a decade of boom, bust and boom again, many aren't sure how to react to a normal market. Sellers are not used to this slowdown as houses have been selling quickly, eventually all houses will sell. You just have to be patient.
*LATimes, CoreLogic 9/12/15
----------------------------------------------------------------------------------------------------
*LATimes, CoreLogic 9/12/15
----------------------------------------------------------------------------------------------------
SEPTEMBER SALES STATISTICS FOR LAGUNA BEACH:
206 Active Listings
13 In Escrow
34 Closed Sales from 9/01/15 - 9/30/15
34 Sales for September 2015:
3 Sales under $1 million
15 Sales $1-2 million
7 Sales $2-3 million
2 Sales $3-4 million
5 Sales $4-5 million
206 Active Listings
13 In Escrow
34 Closed Sales from 9/01/15 - 9/30/15
34 Sales for September 2015:
3 Sales under $1 million
15 Sales $1-2 million
7 Sales $2-3 million
2 Sales $3-4 million
5 Sales $4-5 million
1 Sale for $15,800,000
*Interesting: $4-5 million range had more sales than $3-4 million range.
*Interesting: $4-5 million range had more sales than $3-4 million range.
*Source CRMLS 9/30/15
-----------------------------------------------------------------------------------------------------------------------------
Fabulous Mystic Hills Listing - by Amanda and Pamela
1527 Tahiti Ave, Laguna Beach
$2,599,000
