Laguna Beach Real Estate
August 2017 Sales Report
Boyd Roberts
Gallery Real Estate 949-463-9152
August video at www.LagunaGalleryRealEstate.com
Thou it was not pretty, as predicted, median Laguna Beach prices were up just over $150,000 to an even $1,700,000. 77% of all sales were at a reduced price. The average price reduction was just over $208,000 or 7.1 percent.
With pending deals at just over $1,800,000, likely we will be sideways slightly up in the near term. Year to date, at $1,849,000 we are still on track for a record 2017.
Overly optimistic sellers loom over Laguna. They want almost $1.3M more for their homes than August buyers were willing to pay. Buyers need knowledge and experience to help you negotiate this market. As a broker with over 14 years of experience, over 800 transactional sides, over $1/4B in sales, and the most comprehensive, by far, monthly Laguna Beach market information, I can help. Call me today or go to my website www.lagunagalleryrealestate.com for all of my reports and videos.
ACTIVEs (As of September 1, 2017)
Median Price $ 2,975,000
Total 259 Listings
Median DOM 88 Days
Median Price per Square Foot $ 1,199
PENDINGs/Under Contract (P/U) (As of September 1, 2017)
Median Price $ 1,815,000
Total 50 Listings
Median DOM 92 Days
Median Price per Square Foot $ 930
SOLDs (August 2017)
Median Price $ 1,700,000 Total 35 Closings
Total Requiring a Price Reduction 27 Closings
% of Closings at a Reduced Price 77 %
Average Price Reduction $ 208,742
Average Price Reduction as a % 7.1%
Median DOM 41 Days
Median Price per Square Foot $ 927
Total Supply of Actives at this Rate of Sales 7.4 Months
Difference Between Active Median Price and P/U Median Price + $ 1,160,000
Difference Between Active Median Price and Sold Median Price + $ 1,275,000
Difference Between P/U Median Price and Sold Median Price + $ 115,000
Most Recent 3 Full Calendar Months: 6/1/2016 – 8/31/2017)
Total 105 Closings
Total Requiring a Price Reduction 80 Closings
Median Price $ 1,675,000
Median DOM 45 Days
Median Price per Square Foot $ 992
Total Supply of Actives at this Rate of Sales 7.4 Months
Most Recent 6 Full Calendar Months (3/1/2017 – 8/31/2017): $1,850,000 Median 211 Sales
Most Recent 12 Full Calendar Months (9/1/2016 – 8/31/2017): $1,850,000 Median 377 Sales
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) $1,849,000 266
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; is not guaranteed; may be subject to compilation errors, data source errors, and statistically invalid data sample sizes. All forecasts and opinions are not guaranteed. Information pulled from California Regional Multiple Listing Service, Inc. Active, pending/under contract, and YTD data are as of September 1, 2017. This information is for your personal, non-commercial use and may not be used for any other purpose. Pending/under contract price data is not necessarily the contract price. Likely, it is the last active price before going into contract.
Boyd Roberts was licensed as a salesperson in 2002 and as a broker in 2004. Individually and as a broker he has closed or overseen the closings of over 800 real estate and real estate loan transactions in excess of a $1/4 billion.
Boyd Roberts 949-463-9152 Boyd.GalleryRE@gmail.com
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