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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

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