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

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

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