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Laguna Beach Real Estate July 2018 Sales Report (Word Version)

Laguna Beach Real Estate

July 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

July 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 ** Chart of the Month ** 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 Page 9

My Take

Last month I predicted a strong move up. As predicted median prices were up $419,000 to almost $2.1M. In the 2 1/2 years I have been tracking Laguna Beach prices my proprietary Pending Indicator has issued 13 signals. It has never been incorrect. This time the market was up 25%, the average move is 16%.

Price reductions were also notable in July. The median price reduction was $170,000 or 8.8%. See page 2 for all the numbers and pages 3 to 9 for charts. See www.LagunaGalleryRealEstate.com for all past reports.

Coming soon, a special take on the $2 to 3M market. Call me for all your Laguna Beach real estate needs.

July 2018 Sales Report

ACTIVEs (As of August 1, 2018)

Median Price $ 3,150,000

Total 276 Listings

Median DOM 83 Days

Median Price per Square Foot $ 1,247

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

Median Price $ 1,995,000

Total 42 Listings

Median DOM 89 Days

Median Price per Square Foot $ 928

SOLDs (July 2018)

Median Price $ 2,099,000 Total # of Closings 34 Closings

Total # of Closings Requiring a Price Reduction 29 Closings

% of Closings at a Reduced Price 85 %

Average Price Reduction $ 607,794

Average Price Reduction as a % 9.7 %

Median Price Reduction $ 170,000

Median Price Reduction as a % 8.8 %

Median Days On Market (DOM) 68 Days

Median Price per Square Foot $ 1,140

Total Supply of Actives at this Rate of Sales 8.11 Months

Difference Between Active Median Price and P/U Median Price + $ 1,155,000

Difference Between Active Median Price and Sold Median Price + $ 1,051,000

Difference Between P/U Median Price and Sold Median Price - $ 104,000

SOLDs YTD (1/1/2018 – 7/31/2018) $1,835,000 226 Closings

SOLDs Most Recent 3 Months: (5/1/2018 – 7/31/2018)

Median Closing Price $ 1,775,000 104 Closings

Total # of Closings Requiring a Price Reduction 90 Closings

Median Days on Market (DOM) 55 Days

Median Price per Square Foot $ 1,032

Adjusted Supply of Actives 7.96 Months

SOLDs Most Recent 6 Months (2/1/2018-7/31/2018): $1,815,000 Median 196 Sales

SOLDs Most Recent 12 Months (8/1/2017 – 7/31/2018) $1,800,000 Median 397 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 August 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 more than 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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