Our Recent Posts

Tags

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

©2020 | Laguna Gallery Real Estate | Boyd Roberts | California Broker's License 01354788