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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