Laguna Beach Real Estate | April 2018 Sales Report | Word Version Without Charts

Laguna Beach Real Estate

 

April 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

 

April 2018 Laguna Beach Real Estate Report                                                       Page 2

 

Charts                                                                                                                        Page 3

 

   Solds Median Yearly / Number of Closings                                                        Page 3

   Solds Median Monthly                                                                                          Page 3

   Actives / Pendings / Solds – Median Monthly                                                     Page 4

   Solds Median Monthly / Pending Indicator                                                        Page 4

   Solds Days on Market – Median Monthly                                                           Page 5

   Solds Days on Market – Median Yearly                                                              Page 5

   Solds - $ Per Square Foot – Median Monthly                                                     Page 6

   Solds - $ Per Square Foot – Median Yearly                                                        Page 6

   Solds Median 3 Month Moving                                                                            Page 7

   Solds Median 6 Month Moving                                                                            Page 7

   Solds Median 12 Month Moving                                                                          Page 8

   Supply of Homes / Adjusted Supply of Homes - Monthly                                 Page 8

   Sold - $ Per Square Foot – 3 Month Median   ** Chart of the Month **        Page 9

 

My Take

 

In almost every category that I track, April’s market action was quite solid.  The median price -- up over $250,000 -- finished at an even $2,000,000.  The sheer number of closings, at 43, and the percentage of those requiring a price reduction, at 74%, were the most impressive data points in these categories in the over two years that I have compiled this data.  Days on market imploded over 50%.  $ per square foot was up 15%.  The supply of homes at just over 6 month, was relatively low.  The spread between what April buyers paid and what current sellers want – although at 795,000 – did decline by over $450,000 from March’s number.

 

Of course, this is Laguna Beach, the average price was reduced by just over $340,000 or 7% from the original listing price.

April 2018 Sales Report

 

ACTIVEs (As of May 1, 2018)

 

Median Price                                                                                                             $ 2,795,000

Total                                                                                                               261 Listings

Median DOM                                                                                                 71 Days

Median Price per Square Foot                                                                    $ 1,205

 

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

 

            Median Price                                                                                                 $ 1,999,000

            Total                                                                                                               44 Listings

            Median DOM                                                                                                65 Days

            Median Price per Square Foot                                                                    $ 1,040

 

SOLDs (April 2018) 

 

Median Price                                                                                                 $ 2,000,000 Total # of Closings                                                                                              43 Closings

            Total # of Closings Requiring a Price Reduction                                      32 Closings

            % of Closings at a Reduced Price                                                               74 %

            Average Price Reduction                                                                             $ 342,131

            Average Price Reduction as a %                                                                 7 %

            Median Days On Market (DOM)                                                                48 Days

            Median Price per Square Foot                                                                    $ 1,154

 

Total Supply of Actives at this Rate of Sales                                                          6.06 Months

Difference Between Active Median Price and P/U Median Price                                    + $ 794,000

Difference Between Active Median Price and Sold Median Price                       + $ 795,000 

Difference Between P/U Median Price and Sold Median Price                           -  $     1,000

     

SOLDs YTD  (1/1/2018 – 4/30/2018)                                                                                   $ 1,875,000

 

SOLDs Most Recent 3 Months: (2/1/2018 – 4/30/2018)

            Median Closing Price                                                                                   $ 1,850,000

Total # of Closings                                                                                        92 Closings

            Total # of Closings Requiring a Price Reduction                                      75 Closings

            Median Days on Market (DOM)                                                                 70 Days

            Median Price per Square Foot                                                                    $ 1,046

            Adjusted Supply of Actives                                                                          8.51 Months

 

SOLDs Most Recent 6 Months (11/1/2017 – 4/30/2018):                        $1,850,000 Median    186 Sales

 

SOLDs Most Recent 12 Months (5/1/2017 – 4/30/2018)                      $1,800,000 Median    405 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 and Pending/Under contract data as of May 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.  Year to date he has closed $4,930,000.

 

Boyd Roberts     949-463-9152          Boyd@LagunaGalleryRealEstate.com

 

 

 

Copyright 2018.  All Rights Reserved.  BRE #01354788

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