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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

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