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| Mystic Hills Listed by Amanda and Pamela 1527 Tahiti Ave, Laguna Beach Spacious 5-Bedroom Home with ocean views from most rooms. www.1527Tahiti.com |
CALIFORNIA HOME SALES KICK OFF YEAR HIGHER IN JANUARY, MARKING BEST START IN THREE YEARS
The fundamentals underlying the demand for housing fueled a healthy start to 2016. All totaled, OC home values are up 8.8% versus last year nearing the 2007 peak. $1,000,000 plus homes represent 35.0% of all OC listings.
Rental Rates: ‘Rising rents’ are quickly becoming ‘a life event’ as the top reason homebuyers will look to purchase a home. As it stands, one in four homebuyers is looking to purchase because their rent is too high. When asked what most influenced their decision to buy the only choice buyers cited more frequently was a major life event, such as the birth of a child or a marriage, according to a Redfin survey of 750 homebuyers. Zillow, recently released a report saying although the rental prices may be cooling, the situation remains tough on the ground: rents are still rising and renters are struggling to keep up.
*CAR, Zillow 3/1/15
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FEBRUARY 2016 SALES STATISTICS FOR LAGUNA BEACH:
186 Active Listings
47 Pending Sales
46 Closed Sales from 1/01/16 - 2/29/16
Sales Statistics:
10 - less than - $1,000,000
10 - $1,000,001 - $1,500,000
5 - $1,500,001 - $2,000,000
11 - $2,000,001 - $2,500,000
4 - $2,500,001 - $3,000,000
0 - $3,000,001 - $3,500,000
0 - $3,500,001 - $4,000,000
6 - $4,000,001 - $4,500,000
February saw the number of Pending Sales leap by more than 50% but inventory remains very low. Most of the sales activity is below $2.5M.
* CRMLS 03/04/2016
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On last week's Broker Preview Amanda thought this Laguna Beach home on Ceanothus Drive listed for $4,699,000 had some of the best views of the day!
Thinking of Buying or Selling?
Click link below to contact Amanda and Pamela
