Laguna Beach Real Estate August 2017 Sales Report (Word Version)

September 4, 2017

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

 

Copyright 2017.  All Rights Reserved.  BRE #01354788

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