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Laguna Beach Real Estate October 2016 Sales Report (Word)

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

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