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%