Laguna Beach Real Estate | January 2018 Sales Report (Word Version)

Laguna Beach Real Estate

 

January Sales Report

 

Boyd Roberts | Broker | Gallery Real Estate       

 

949-463-9152

 

Videos, Reports, and Charts at www.LagunaGalleryRealEstate.com

 

 

 

 

 

Table of Contents

 

My Take                                                                                                         Page 1

 

January 2018 Laguna Beach Real Estate Report                                      Page 2

 

Charts                                                                                                            Page 3

 

   Median Sold Price – Yearly / Number of Closings                                 Page 3

   Median Sold Price – Monthly                                                                   Page 3

   Median Active / Median Pending / Median Sold – Monthly                 Page 3

   Median Sold Price / Short Term Price Indicator with signals              Page 4

   Supply of Homes – Monthly / Adjusted Supply of Homes                     Page 4

   Days on Market – Monthly                                                                       Page 5

   Days on Market – Yearly                                                                          Page 5

   Median Sold Price - $ Per Square Foot – Monthly                                 Page 5

   Median Sold Price - $ Per Square Foot – Yearly                                    Page 6

 

 

My Take

                  

 

Median sold prices up $40,000 in January to $1,875,000, is only part of the story.  The average price was reduced 7%.  Median dollars per square foot imploded by just over $250.  Median days on market was up 22 days.  And current sellers – as of February 1st – want over a million dollars more for their homes than January buyers were willing to pay.

 

For a glimpse into the future, I look at pendings.  Pending dollars per square foot rallied over $150.  And, as of February 1st, median pending prices did lead January closings by $220,000.  I could be wrong, but February is looking pretty good at this point.

 

 

 

January 2018 Sales Report

 

 

ACTIVEs (As of February 1, 2018)

 

Median Price                                                                                                             $ 2,949,000

Total                                                                                                               202 Listings

Median DOM                                                                                                 104 Days

Median Price per Square Foot                                                                    $ 1,253

 

PENDINGs/Under Contract (P/U) (As of February 1, 2018)

 

            Median Price                                                                                                 $ 2,095,000

            Total                                                                                                               33 Listings

            Median DOM                                                                                                84 Days

            Median Price per Square Foot                                                                    $ 1,123

 

SOLDs (January 2018)        

 

Median Price                                                                                                 $ 1,875,000 Total # of Closings                                                                                              30 Closings

            Total # of Closings Requiring a Price Reduction                                      24 Closings

            % of Closings at a Reduced Price                                                               80 %

            Average Price Reduction                                                                             $ 225,083

            Average Price Reduction as a %                                                                 7%

            Median Days On Market (DOM)                                                                64 Days

            Median Price per Square Foot                                                                    $ 964

 

Total Supply of Actives at this Rate of Sales                                                          6.73 Months

Difference Between Active Median Price and P/U Median Price                                    + $  854,000

Difference Between Active Median Price and Sold Median Price                       + $  1,074,000 

Difference Between P/U Median Price and Sold Median Price                           + $     220,000

     

Most Recent 3 Full Calendar Months: (11/1/2017 – 1/31/2018)  

 

            Median Price                                                                                                 $ 1,835,000

Total # of Closings                                                                                        94 Closings

            Total # of Closings Requiring a Price Reduction                                      77 Closings

            Median Days on Market (DOM)                                                                 59 Days

            Median Price per Square Foot                                                                    $ 1000

            Total Supply of Actives at this Rate of Sales                                              6.44 Months

 

Most Recent 6 Full Calendar Months (8/1/2017 – 1/31/2018):       $1,800,000 Median    201 Sales

 

Most Recent 12 Full Calendar Months (2/1/2018 – 1/31/2018)      $1,815,000 Median    431 Sales

 

 

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 data is as of February 1, 2018. 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 2018.  All Rights Reserved.  BRE #01354788

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