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
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