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Laguna Beach Real Estate April 2016 Sales Report

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

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