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| Main Beach Laguna - Summer Is Coming!
REAL
ESTATE TRENDS
PRICES
Resale
Homes up 8.3%New Homes up 15.3% Resale Condos up 8.3%
SALES VOLUME
Resale
Homes down 11.6%Resale Condos down 5.5% New Homes up 32.3% *Sales Volume 3,111 down from 3,327 a year ago HISTORY HINTS THAT HOUSING REVIVAL MERELY TAKING BREATHE The current recovery started off faster than the 1990s edition – with Southern California home-buying pace jumping 40% within 18 months. The current 70-month marker is just 36% above the bottom of July 2008. Prices are still 10% down in that same time frame…you can take comfort from history or sweat the imperfections of this recovery.
HIGH-PRICED
SALES BREAKING RECORDS
The U.S. trophy
home market is shattering price records this year as an increasing number of
residential properties change hands for more than $1 million. Purchases
costing $1 million or more represented 2% of sales and rose 7.8% from a year
earlier.O.C.HOMES SELL FASTER THAN MOST OTHER METRO AREAS IN NATION Orange County is still a seller’s market, with just 45% of homes listed at least two month ago were still for sale in mid-April. Nationally, 55% were still on the market for the same time. FORECLOSURES DROP 45% IN REGION Lenders seized or auctioned 45% fewer homes in Southern California during the first quarter of 2014 than during the same period a year earlier.
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MAY 2014 SALES STATISTICS LAGUNA BEACH 231 active listings 56 in escrow 37 closed sales from 5/1/14 - 5/31/14 Statistics for 37 Closed Sales:
4 sales under $1 million
15 sales $1-2 million 11 sales $2-3 million 31 sales $3=4 million 1 sale $4,100.000 2 sales $6-7 million 1 sale for $11,500,000 *Substantial increase in of $2-3 million range, somewhat higher inventory and less sales than April 2014. **Source CRMLS 5/31/14 -------------------------------------------------------------------------------------------------------- ZIP CODES BY MEDIAN SALE PRICES FOR MAY 2014 COMPARED TO MAY 2013 CITY - ZIP - # OF SALES - MEDIAN SALE PRICE - % CHANGE Balboa Island - 92662 - 3N/A - N/A - N/A Capo Beach - 92624 - 7 - $800,000 - minus 10% Corona del Mar - 92625 - 14 - $2,175,000 - 4% Costa Mesa - 92626 - 36- $620,000 - 4% Costa Mesa - 92627 - 28 - $708,000 - minus 7% Dana Point - 92629 - 24 - $925,000 - 7% Laguna Beach - 92651 - 48 - $1,799,000 - 29% Laguna Niguel - 92677 - 56 - $757,000 - 2% Newport Beach - 92660 - 26 - $1,788,000 - 38.3% Newport Beach - 92661 - 5 - $3,400,000 - 79% Newport Beach - 92663 - 21 - $1,900,000 - 0% Newport Coast - 92657 - 11 - $4,500,000 - 52% San Clemente - 92672 - 35 - $725,000 - 14% San Clemente - 92673 - 22 - $839,000 - 2%
*Source DQNews/LATimes 5/25/14
Click on link to view our new listing - Income Property in North Laguna
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