Crescent Bay Point Park Pano 12 29 2021 geo tagged.jpg
Boyd 12 15 2021 Montage geo tagged.JPG

 

Welcome and  thank you for visiting www.LagunaGalleryReal-Estate.com.  I am committed to making it the most informative, insightful, and useful luxury real estate market website in the world.

If you have any questions about the Laguna Beach real estate market or would like to discuss how I can add tremendous value to your real estate transaction, please feel free to call me.

            Boyd Roberts

A Broker’s Take on the 2021 Laguna Beach Real Estate Market

 

The headline is WOW.  This is Boyd Roberts, broker of Laguna Gallery Real Estate with a special take on the 2021 Laguna Beach real estate market.  Stick with me to the end for my January and 2022 forecasts.

 

As I predicted December 7, 2021, prices were up huge.  The monthly median rose $1,145,000, finishing at a record $3,795,000.  For context that is up $2,320,000 from the April 2020 shut-down low.  The dollars per square foot surged 340 to 1,530. 

 

As I predicted November 7, 2020, the 2021 yearly median was up.  It rose $650,000 and finished at $2,650,000 – a 32% gain from 2020 and a 143% gain from 2011.  The dollars per square foot was up 194 and closed out the year at 1,239.

 

The listing crisis has worsened.  The January 1 print of active listings came in at a record low, 49.  For context that is down 30% in the last 30 days and 55% since September, when I first used the words “listing crisis.”  Dividing the number of actives, 49, by the December rate of sales, 36, the supply of homes is now at 1.3 months or just 41 days, a record.

 

Intersecting collapsing supply is overwhelming and surging demand, best illustrated by the 12-month moving volume of closed sales chart.  Demand is up 23% since January 2021 and up 64% since the Shutdown lows.

 

The closing ratio is going up.  The post Covid median closing ratio is up 17% from the pre Covid closing ratio.  Buyers are not messing around.

 

With 7 closings in December exceeding $10,000,000, the supply of luxury homes has now plunged to just 4 months.  For context that is down 94% since January 2021.  For the first time in the 6 years that I have been tracking the Laguna Beach real estate market, I can say:  all 6 market segments are now seller’s markets.

 

What is my forecast going forward?

 

With the January 1st pending median at $3,295,000 - $500,000 less than December’s sold median – the short-term Pending Indicator is forecasting that prices will be lower this month – 96% probability.  For context the Pending Indicator has issued 29 signals since February 2016.  28 of those signals have been correct.

 

With 568 closed sales in 2021, the long-term Price Indicator is forecasting that the 2022 sold median will be up from 2021 – 94% probability.  For context, since 1999 the Price Indicator has issued 17 signals.  16 have been correct.  The average move has been 12%.   

 

If you like this video, I invite you to like and subscribe to my channel on Youtube.  Just type “a broker’s take on the Laguna Beach real estate market” into the search bar.

 

If you like insightful Laguna Beach real estate charts, I invite you to visit my charts page at www.LagunaGalleryRealEstate.com.

 

If you are a buyer or seller and want to work with a broker who knows the Laguna Beach market, call me at 949-463-9152.  You will not regret it.

 

Do not forget Art Walk on Thursday.  Have an excellent 2022 and thank you for joining me.

Laguna Beach real estate chart sold median yearly 1999 to 2021
December 2021 Laguna Beach Real Estate Magazine
Laguna Beach real estate chart # of active Listings February 1, 2017 to January 1, 2022
Laguna Beach Real Estate Chart Sold Median Monthly January 2017 to December 2021

Price

$ Per Sq Ft

Recent Laguna Beach Real Estate Closings

  1. 513 San Nicholas Court, Laguna Beach, CA 92651    12/16/2021               735,000             $  531

  2. 685 Nyes Place, Laguna Beach, CA 92651                   12/16/2021          $2,825,000            $1,200

  3. 2690 Nido Way, Laguna Beach, CA 92651                   12/16/2021         $3,482,888             $1,099

  4. 310 Hawthorne Road, Laguna Beach, CA 92651         12/16/2021         $1,700,000            $2,338

  5. 2431 Riviera Drive, Laguna Beach, CA 92651             12/16/2021       $43,000,000            $4,300

  6. 2095 Temple Hills Drive, Laguna Beach, CA 92651    12/17/2021         $7,000,000               $777

  7. 675 Cliff Drive, Laguna Beach, CA 92651                    12/17/2021         $8,050,000            $2,012

  8. 102 Mcknight Drive, Laguna Beach, CA 92651           12/17/2021       $11,250,000             $2,992

  9. 1944 Ocean Way, Laguna Beach, CA 92651                 12/20/2021        $ 4,700,000            $1,961

  10. 111 Sunset Terrace, Laguna Beach, CA 92651             12/21/2021        $ 4,200,000            $1,616

  11. 1864 Upper Rim Rock, Laguna Beach, CA 92651       12/22/2021        $ 3,400,000            $1,133

  12. 124 La Brea Street, Laguna Beach, CA 92651             12/22/2021        $ 3,495,000            $2,016

  13. 56 N La Senda Drive, Laguna Beach, CA 92651          12/23/2021       $17,500,000            $3,470

  14. 325 Weymouth Place, Laguna Beach, CA 92651          12/27/2021         $5,700,000           $1,500

  15. 709 Canyon View Drive, Laguna Beach, CA 92651     12/27/2021         $5,460,000           $1,605

  16. 22181 Paseo Del Sur, Laguna Beach, CA 92651           12/29/2021         $3,795,000           $   986

  17. 1125 Emerald Bay, Laguna Beach, CA 92651              12/29/2021       $11,000,000            $1,645

  18. 31423 Coast Highway #52, Laguna Beach, CA 92651 12/29/2021         $2,300,000            $2,000

  19. 225 Viejo Street, Laguna Beach, CA 92651                  12/29/2021         $2,600,000           $1,574

  20. 1145 Katella Street, Laguna Beach, CA 92651             12/31/2021        $4,145,000            $1,207

  21. 342 Y Place, Laguna Beach, CA 92651                          1/4/2022            $1,655,000            $1,876

  22. 28 Emerald Bay, Laguna Beach, CA 92651                   1/4/2022          $10,500,000            $3,741

  23. 2850 Zell Drive, Laguna Beach, CA 92651                    1/5/2022            $2,653,000            $   665

  24. 2572 Solana Way Unit#8, Laguna Beach, CA 92651     1/5/2022            $1,400,000            $1,166

  25. 461 Alta Vista Way, Laguna Beach, CA 92651               1/6/2022           $3,045,000            $1,077

  26. 755 Pearl Street, Laguna Beach, CA 92651                    1/6/2022           $4,018,125            $1,112

  27. 466 Monterey Drive, Laguna Beach, CA 92651             1/6/2022           $3,430,000            $1,491

  28. 8 Vista Del Sol, Laguna Beach, CA 92651                      1/6/2022           $4,165,000            $1,281

  29. 793 Barracuda Way, Laguna Beach, CA 92651             1/7/2022           $3,363,100            $   750

  30. 3108 Tyrol Drive, Laguna Beach, CA 92651                  1/10/2022         $2,775,000            $   823

  31. 567 Dunnegan Place, Laguna Beach, CA 92651            1/14/2022         $4,775,000            $2,273

  32. 25 Lagunita Drive, Laguna Beach, CA 92651               1/14/2022          $8,500,000            $1,541

  33. 429 Hawthorne Road, Laguna Beach, CA 92651          1/18/2022          $2,875,000           $1,734

  34. 31842 8th Avenue, Laguna Beach, CA 92651                1/18/2022          $1,880,723           $2,066

  35. 992 Ocean Front, Laguna Beach, CA 92651                 1/19/2022          $15,960,000          $3,557