Laguna Beach Real Estate May 2016 Sales Report (Word version)

Laguna Beach Real Estate

May 2016 Sales Report

Prepared June, 2016 by Boyd Roberts

ACTIVEs (As of June 1, 2016)

Total 249 Listings

Median Price $2,695,000

Median CDOM 81 Days

Median Price per Square Foot $1,140

PENDINGs/BACKUPSs (P/B) (As of June 5, 2016)

Total 54 Listings

Median Price $1,740,000

Median CDOM 94 Days

Median Price per Square Foot $1,016

SOLDs (May, 2016)

Total 37 Closings

Total Requiring a Price Reduction 31 Closings

% of Closings at a Reduced Price 83%

Average Price Reduction $109,094

Average Price Reduction as a % 2.8%

Median Price $2,025,000

Median CDOM 89 Days

Median Price per Square Foot $1,051

Total Supply of Actives at this Rate of Sales 6.72 Months

Difference Between Active Median Price and P/B Median Price $955,000

Difference Between Active Median Price and Sold Median Price $670,000

Difference Between P/B Median Price and Sold Median Price $285,000

More SOLDs (Most Recent 3 Full Months: (3/1/2016 – 5/31/2016)

Total 107 Closings

Total Requiring a Price Reduction 91 Closings

Median Price $1,960,000

Median CDOM 125 Days

Median Price per Square Foot $1,019

Total Supply of Actives at this Rate of Sales 6.98 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 $1,900,000 184

(12/1/2015 – 5/31/2016)

Last 12 Full Months $1,775,000 365

(6/1/2015 – 5/31/2016)

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%