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

Laguna Beach Real Estate

 

November 2017 Sales Report

 

Boyd Roberts       

 

Gallery Real Estate         949-463-9152

 

November video at www.LagunaGalleryRealEstate.com

 

All numbers seem to point to $1,800,000.  Let me explain.  November’s median price – up just over $150,000 – finished up exactly at $1,800,000.  Year to date we are exactly at $1,800,000.  Remember 2016?  The median price for the year was exactly $1,800,000.  With 8 closings year to date at $1,800,000 and with current pending deals only slightly lower at $1,700,000, one would think that we might be reporting this number again in next month's report. We shall see.

 

Price reductions were down in November.  The average price reduction declined from $274,000 to $160,000.  As a percentage, the average reduction fell from 8% to 5.5%. 

Always noteworthy:  current sellers want almost $1,150,000 more for their homes than November buyers were willing to pay.

 

Coming soon:   my special report on the $10,000,000+ market and my yearend review.  

Check out my website for all of my reports and videos and keep me in mind for all of your real estate needs. 

 

ACTIVEs (As of December 1, 2017)

 

Median Price                                                                                                             $ 2,949,000

Total                                                                                                               216 Listings

Median DOM                                                                                                 107 Days

Median Price per Square Foot                                                                    $ 1,195

 

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

 

            Median Price                                                                                                 $ 1,699,900

            Total                                                                                                               36 Listings

            Median DOM                                                                                                74 Days

            Median Price per Square Foot                                                                    $ 1,038

 

SOLDs (November 2017)    

 

Median Price                                                                                                 $ 1,800,000 Total # of Closings                                                                                              32 Closings

            Total # of Closings Requiring a Price Reduction                                      27 Closings

            % of Closings at a Reduced Price                                                               84 %

            Average Price Reduction                                                                             $ 159,958

            Average Price Reduction as a %                                                                 5.5%

            Median Days On Market (DOM)                                                                72 Days

            Median Price per Square Foot                                                                    $ 946

 

Total Supply of Actives at this Rate of Sales                                                          6.75 Months

Difference Between Active Median Price and P/U Median Price                                    + $  1,249,100

Difference Between Active Median Price and Sold Median Price                       + $  1,149,000 

Difference Between P/U Median Price and Sold Median Price                           -  $     100,100

 

Most Recent 3 Full Calendar Months:  9/1/2017 – 11/30/2017)  

 

            Median Price                                                                                                 $ 1,790,000

Total # of Closings                                                                                        104 Closings

            Total # of Closings Requiring a Price Reduction                                      86 Closings

            Median Days on Market (DOM)                                                                 61 Days

            Median Price per Square Foot                                                                    $ 936

            Total Supply of Actives at this Rate of Sales                                              6.23 Months

 

Most Recent 6 Full Calendar Months (6/1/2017 – 11/30/2017):       $1,700,000 Median    208 Sales

 

Most Recent 12 Full Calendar Months (12/1/2016 – 11/30/2017):    $1,815,000 Median   397 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      369

 

 

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 December 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@LagunaGalleryRealEstate.com

 

Copyright 2017.  All Rights Reserved.  BRE #01354788

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