Laguna Beach Real Estate September 2017 Sales Report -- Orange County Real Estate Wars Not (Word Version

October 1, 2017

Laguna Beach Real Estate

 

September 2017 Sales Report

 

Boyd Roberts       

 

Gallery Real Estate         949-463-9152

 

September video at www.LagunaGalleryRealEstate.com

 

Let’s start with the bad news.  September median prices drop a little over $100,000 to just under $1,600,000.  As of October 1st, the spread between what current sellers want and what buyers will pay, widened to over $1,400,000.  The 3 and 6 month moving median prices have dropped a lot recently and especially in September.

 

The good News?  The 12 month moving median price – at almost $1,850,000 – is holding strong.  The year to date price, at $1,815,000, is still above 2016’s record high.  Significantly, median pending deal prices at almost $1.9M boded well for prices through the rest of the year. 

 

No matter what your outlook, you need knowledge and experience to help you negotiate this market.  As a broker with over 14 years of experience, over 800 transactional sides, over $250,000,000 in sales, I can help.  Call me today. 

 

ACTIVEs (As of October 1, 2017)

 

Median Price                                                                                                             $ 2,995,000

Total                                                                                                               252 Listings

Median DOM                                                                                                 90 Days

Median Price per Square Foot                                                                    $ 1,199

 

PENDINGs/Under Contract (P/U) (As of October 1, 2017)

 

            Median Price                                                                                                 $ 1,895,000

            Total                                                                                                               57 Listings

            Median DOM                                                                                                69 Days

            Median Price per Square Foot                                                                    $ 929

 

SOLDs (September 2017)    

 

Median Price                                                                                                 $ 1,587,300 Total                                                                                                                   29 Closings

            Total Requiring a Price Reduction                                                             23 Closings

            % of Closings at a Reduced Price                                                               79 %

            Average Price Reduction                                                                             $ 210,003

            Average Price Reduction as a %                                                                 7.0%

            Median DOM                                                                                                61 Days

            Median Price per Square Foot                                                                    $ 991

 

Total Supply of Actives at this Rate of Sales                                                          8.68 Months

Difference Between Active Median Price and P/U Median Price                                    + $  1,100,000

Difference Between Active Median Price and Sold Median Price                       + $  1,407,700 

Difference Between P/U Median Price and Sold Median Price                           + $     307,000

 

Most Recent 3 Full Calendar Months:  7/1/2017 – 9/30/2017)   

 

            Total                                                                                                               97 Closings

            Total Requiring a Price Reduction                                                             75 Closings

            Median Price                                                                                                 $ 1,625,000

            Median DOM                                                                                                 58 Days

            Median Price per Square Foot                                                                    $ 974

            Total Supply of Actives at this Rate of Sales                                              7.79 Months

 

Most Recent 6 Full Calendar Months (4/1/2017 – 9/30/2017):       $1,800,000 Median     203 Sales

 

Most Recent 12 Full Calendar Months (10/1/2016 – 9/30/2017):    $1,849,000 Median     380 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)    $1,815,000      294

 

 

 

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 October 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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