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

Laguna Beach Real Estate

 

October 2017 Sales Report

 

Boyd Roberts       

 

Gallery Real Estate         949-463-9152

 

October video at www.LagunaGalleryRealEstate.com

 

In this broker’s view October may have set the stage for a record 2017.    Yes, the October median price was up only $60,000 after declining $100,000 the month before.  Yes, the 6 month moving median price did just decline by $100,000.  Yes, current sellers want almost $1.35M more for their homes than October buyers were willing to pay.  Yes, 83% of October closings had to first reduce their price.  Yes, the average price reduction was over $273,000.

 

But consider:  despite the recent declines, year to date – at an even $1.8M – we are at 2016’s record level.  Consider also, current pending deals are now almost at $1.9M.  And consider the current monthly inventory of homes for sale just declined by 36%. 

 

Whether or not you are buying or selling Laguna, likely, 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.  Call me today. 

 

ACTIVEs (As of November 1, 2017)

 

Median Price                                                                                                             $ 2,995,000

Total                                                                                                               231 Listings

Median DOM                                                                                                 93 Days

Median Price per Square Foot                                                                    $ 1,184

 

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

 

            Median Price                                                                                                 $ 1,895,000

            Total                                                                                                               50 Listings

            Median DOM                                                                                                99 Days

            Median Price per Square Foot                                                                    $ 1,024

 

SOLDs (October 2017)        

 

Median Price                                                                                                 $ 1,647,500 Total                                                                                                                   42 Closings

            Total Requiring a Price Reduction                                                             35 Closings

            % of Closings at a Reduced Price                                                               83 %

            Average Price Reduction                                                                             $ 273,995

            Average Price Reduction as a %                                                                 8.0%

            Median DOM                                                                                                51 Days

            Median Price per Square Foot                                                                    $ 903

 

Total Supply of Actives at this Rate of Sales                                                          5.5 Months

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

Difference Between Active Median Price and Sold Median Price                       + $  1,347,500 

Difference Between P/U Median Price and Sold Median Price                           + $     247,500

 

Most Recent 3 Full Calendar Months:  8/1/2017 – 10/31/2017)  

 

            Total                                                                                                               107 Closings

            Total Requiring a Price Reduction                                                             86 Closings

            Median Price                                                                                                 $ 1,650,000

            Median DOM                                                                                                 51 Days

            Median Price per Square Foot                                                                    $ 935

            Total Supply of Actives at this Rate of Sales                                              6.47 Months

 

Most Recent 6 Full Calendar Months (5/1/2017 – 10/31/2017):       $1,700,000 Median     219 Sales

 

Most Recent 12 Full Calendar Months (11/1/2016 – 10/31/2017):    $1,825,000 Median     393 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)    $1,800,000      337

 

 

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 November 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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