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

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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