Laguna Beach Real Estate
October 2016 Sales Report
Boyd Roberts
Gallery Real Estate
YouTube: Boyd Roberts Laguna Beach 2016
Summary Take: Buyers in Laguna Beach should be aware that current sellers want over $1,000,000 more for their homes than October buyers were willing to pay. That said although October median prices were up only modestly to $1.85M, once you drill down into the numbers the strength of this bull becomes apparent: the three-month moving median price was up $50,000, the 6 month was up over $62,000, and 10 months into the current year, the 12-month moving median price at an even $1.8M if it was a full calendar year would represent a record-breaking year. Projecting forward, with pending transactions $300,000 higher than October, November, likely, will the icing on the cake.
ACTIVEs (As of November 1, 2016)
Total 216 Listings
Median Price $ 2,895,000
Median CDOM 117 Days
Median Price per Square Foot $ 1,171
PENDINGs/BACKUPSs (P/B) (As of November 3, 2016)
Total 52 Listings
Median Price $ 2,150,000
Median CDOM 89 Days
Median Price per Square Foot $ 903
SOLDs (October, 2016)
Total 30 Closings
Total Requiring a Price Reduction 24 Closings
% of Closings at a Reduced Price 80%
Average Price Reduction $ 136,058
Average Price Reduction as a % 4.0 %
Median Price $ 1,850,000
Median CDOM 93 Days
Median Price per Square Foot $ 1,041
Total Supply of Actives at this Rate of Sales 7.2 Months
Difference Between Active Median Price and P/B Median Price + $ 745,000
Difference Between Active Median Price and Sold Median Price + $ 1,045,000
Difference Between P/B Median Price and Sold Median Price + $ 300,000
More SOLDs (Most Recent 3 Full Months: (8/1/2016 – 10/31//2016)
Total 87 Closings
Total Requiring a Price Reduction 68 Closings
Median Price $ 1,800,000
Median CDOM 78 Days
Median Price per Square Foot $ 1,005
Total Supply of Actives at this Rate of Sales 7.5 Months
More SOLDs Median Price History (Full Calendar Months)
Month/Year Median Price # of Sales
Last 6 Full Months $1,700,000 197
(5/1/2016 – 10/31/2016)
Last 12 Full Months $1,797,000 363
(11/1/2015 – 10/31/2016)
More Median Price History (Full Calendar Years)
Year Median Price # of Sales Year Median Price # of Sales
2000 $ 665,000 562 2008 $1,535,000 204
2001 $ 775,000 437 2009 $1,185,000 274
2002 $ 785,000 527 2010 $1,200,000 334
2003 $ 971,000 542 2011 $1,100,000 329
2004 $1,275,000 514 2012 $1,250,000 435
2005 $1,505,000 428 2013 $1,525,000 422
2006 $1,625,000 322 2014 $1,785,000 411
2007 $1,629,000 281 2015 $1,700,000 384
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.: November 1, 2016 (active data) and November 3, 2016 (all other data). This information is for your personal, non-commercial use and may not be used for any purpose. 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