Laguna Beach Real Estate April 2016 Sales Report

May 13, 2016

Laguna Beach Real Estate

 

April 2016 Sales Report

 

Prepared May, 2016 by Boyd Roberts

 

 

 

ACTIVEs [As of May 1, 2016]

 

Total                                                                                                               244 Listings

Median Price                                                                                                             $2,595,000

Median CDOM                                                                                             74 Days

Median Price per Square Foot                                                                    $1,117

 

PENDINGs/BACKUPSs (P/B) [As of May 5, 2016]

 

            Total                                                                                                               56 Listings

            Median Price                                                                                                 $1,995,000

            Median CDOM                                                                                             57 Days

            Median Price per Square Foot                                                                    $1,041

 

SOLDs (April, 2016)

 

            Total                                                                                                               29 Closings

            Total Requiring a Price Reduction                                                             25 Closings

            % of Closings at a Reduced Price                                                               86%

            Average Price Reduction                                                                             $159,000

            Average Price Reduction as a %                                                                 5.74%

            Median Price                                                                                                 $1,605,000

            Median CDOM                                                                                             139 Days

            Median Price per Square Foot                                                                    $891

 

Total Supply of Actives at this Rate of Sales                                                          8.4 Months

Difference Between Active Median Price and P/B Median Price                                    $600,000

Difference Between Active Median Price and Sold Median Price                       $990,000

Difference Between P/B Median Price and Sold Median Price                            $390,000

 

More SOLDs (Most Recent 3 Full Months:  [2/1/2016 – 4/30/2016]

 

            Total                                                                                                               87 Closings

            Total Requiring a Price Reduction                                                             75 Closings

            Median Price                                                                                                 $1,960,000

            Median CDOM                                                                                             142 Days

            Median Price per Square Foot                                                                    $972

            Total Supply of Actives at this Rate of Sales                                              8.4 Months

More Median Price History (Full Calendar Months)

 

            Month/Year         Median Price                    # of Sales                 # of Sales @ a           % of Sales @ a        

Reduced Price         Reduced Price                        

                                                                                                                               

Last 6 Full Months    $1,860,000                  171                  139                  81%

  (11/1/2015 – 4/30/2016)

Last 12 Full Months  $1,765,000                  369                  292                  79%

  (5/1/2015 – 4/30/2016)

 

More Median Price History (Full Calendar Years)

 

            2000                $   665,000                  562

            2001                $   775,000                  437

            2002                $   785,000                  527

            2003                $   971,000                  542

            2004                $1,275,000                  514

            2005                $1,505,000                  428

            2006                $1,625,000                  322

            2007                $1,629,000                  281

            2008                $1, 535,000                  204

            2009                $1, 185,000                  274

            2010                $1, 200,000                  334

            2011                $1, 100,000                  329

            2012                $1,250,000                  435

            2013                $1,525,000                  422

            2014                $1,785,000                  411

            2015                $1,700,000                  384                  320                  83%

 

 

Boyd Roberts is solely responsible for all content/statements/opinions/and conclusions.  He is a licensed broker, CA BRE #01354788, and is not a professional statistician or an economist.  All data has been taken from sources deemed reliable, but is not guaranteed and may be subject to compilation errors, data source errors, and statistically invalid data sample sizes.  All statistics/statements/opinions are not guaranteed, nor are they a forecast of higher or lower prices. 

 

Based on information from California Regional Multiple Listing Service, Inc. as of May 1, 2016 (active data) and May 5, 2016 for all other data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.  Information from sources other than the Listing Agent may have been included in the MLS data.  Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

Pending/Backup prices are not necessarily the contract price, likely, they are the last active price before going into contract.  All days on market statistics are Combined Days On Market (CDOM).  CDOM is calculated by combining the active Days On Market (DOM) of listings separated by 90 days or less.

 

Boyd Roberts             949-463-9152              Boyd.GalleryRE@gmail.com

 

Copyright 2016.  All Rights Reserved.  BRE #01354788

Please reload

Our Recent Posts

Laguna Beach Real Estate | A Broker's Take on the November 2019 Market

December 10, 2019

Laguna Beach Real Estate | November Market Report

December 10, 2019

Laguna Beach Real Estate Chart Supply of Homes Under $1,500,000 - Monthly November 2018 to October 2019 - NEW

November 19, 2019

1/1
Please reload

Tags

Please reload

©2017 by Laguna Gallery Real Estate. Proudly created with Wix.com