Laguna Beach Real Estate April 2017 Sales Report (Word version)

Laguna Beach Real Estate

 

April 2017 Sales Report

 

Boyd Roberts       

 

Gallery Real Estate         949-463-9152

 

YouTube: “Laguna Beach Boyd Roberts April 2017”

 

Laguna Beach median prices closed out April just under $2,000,000.  Year to date we are at $1,930,000.  If that holds 2017 will be another year for the record books. 

 

Buyers should know that there is more to the Laguna than rising prices.  In my view, it is a buyer’s market.  Consider the following data points:  sellers want almost $700,000 more than recent buyers were willing to pay; 77% of all April closings required a price reduction; the average price reduction was 8.8%; the median days on market almost doubled in April; the median price per square foot in April was down almost 21%; and the total supply of homes relative to sales was up by 50%.  Of course, one month does not make a trend. 

 

Going forward, current pending deals point to a $150,000 drop over the near term.  No guarantees.  Keep me in mind if you need a knowledge broker to you negotiate this market. 

 

ACTIVEs (As of May 1, 2017)

 

Total                                                                                                               216 Listings

Median Price                                                                                                             $ 2,695,000

Median DOM                                                                                                 59 Days

Median Price per Square Foot                                                                    $ 1,191

 

PENDINGs/Under Contract (P/U) (As of May 2, 2017)

 

            Total                                                                                                               66 Listings

            Median Price                                                                                                 $ 1,849,000

            Median DOM                                                                                                61 Days

            Median Price per Square Foot                                                                    $ 939

 

SOLDs (April 2017) 

 

            Total                                                                                                               26 Closings

            Total Requiring a Price Reduction                                                             20 Closings

            % of Closings at a Reduced Price                                                               77%

            Average Price Reduction                                                                             $ 245,307

            Average Price Reduction as a %                                                                 8.8 %

            Median Price                                                                                                 $ 1,998,000

            Median DOM                                                                                                101 Days

            Median Price per Square Foot                                                                    $ 963

 

Total Supply of Actives at this Rate of Sales                                                          8.3 Months

Difference Between Active Median Price and P/U Median Price                                    + $     846,000

Difference Between Active Median Price and Sold Median Price                       + $     697,000

Difference Between P/U Median Price and Sold Median Price                           -  $     149,000

 

More SOLDs (Most Recent 3 Full Calendar Months:  2/1/2016 – 4/30/2017)  

 

            Total                                                                                                               87 Closings

            Total Requiring a Price Reduction                                                             71 Closings

            Median Price                                                                                                 $ 1,998,000

            Median DOM                                                                                                 79 Days

            Median Price per Square Foot                                                                    $ 943

            Total Supply of Actives at this Rate of Sales                                              7.44 Months

 

More SOLD Median Price History (Full Calendar Months/Years)

 

            Month/Year                     Median Price                    # of Sales                                

                               

Last 6 Full Months                $1,915,350                  172                                         

  (11/1/2016 – 4/30/2017)

Last 12 Full Months              $1,837,500                  370                                         

  (5/1/2016-4/30/2017)

 

Year                       Median Price        # of Sales                            Year                       Median Price      # of Sales

 

2000                $   665,000        562                            2009                $1,185,000      274

2001                $   775,000       437                            2010                $1,200,000      334

2002                $   785,000        527                            2011                $1,100,000      329

2003                $   971,000        542                            2012                $1,250,000      435

2004                $1,275,000        514                            2013                $1,525,000      422

2005                $1,505,000        428                            2014                $1,785,000      411

2006                $1,625,000        322                            2015                $1,700,000      384

2007                $1,629,000        281                            2016                $1,800,000      370

2008                $1,535,000        204                            2017 (YTD)    $1,929,500      124

           

Boyd Roberts is solely responsible for all content/statements/opinions/and conclusions.  He is a licensed broker 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.:  May 1, 2017 (active data) and May 2, 2017 (pending data) May 5, 2017 (YTD). This information is for your personal, non-commercial use and may not be used for any other purpose.  Pending/Under Contract prices are not necessarily the contract price, likely, they are the last active price before going into contract. 

 

Boyd Roberts                949-463-9152                 Boyd.GalleryRE@gmail.com

 

Copyright 2017.  All Rights Reserved.  BRE #01354788

Please reload

Our Recent Posts

January 2020 | Laguna Beach Real Estate | Sales Report

February 6, 2020

Laguna Beach Real Estate Chart of the Month | ​Pending Volume Monthly | February 2016 to January 2020

February 4, 2020

A Broker's Take on the January, 2020 Laguna Beach Real Estate Market

February 4, 2020

1/1
Please reload

Tags

Please reload

©2020 Laguna Gallery Real Estate | California Broker's License 01354788