Boyd Roberts, broker of Gallery Real Estate here at Heisler Park with my take on Laguna Beach’s real estate market. 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.
If you follow Laguna Beach real estate, you might want to check out my website www.lagunagalleryrealestate.com.
I have over a dozen updated charts, my blog, and all 29 of my monthly videos and written reports.
This is Boyd Roberts please keep me in mind for all of your real estate needs, have an excellent May, and do not forget the Sunset Serenades outdoor concert series is returning here to Heisler Park each Friday thru June 8th. Tonight, is the Jackie Menter Trio. Thanks for joining me.