Laguna Beach Real Estate
May 2019 Sales Report
Boyd Roberts | Broker | Gallery Real Estate
949-463-9152
All Videos, Reports, and Charts at www.LagunaGalleryRealEstate.com
Table of Contents
My Take Page 2
May Closing Detail Page 3
May Sales Data Page 4
Market Segment Analysis Page 4
Charts Page 5
Sold Median Yearly / # of Closings Page 5
Spread | Actives / Solds - Median Monthly Page 5
Sold Median Monthly Page 6
Sold Median Monthly with Pending Indicator Signals Website
Pending Indicator Website
Sold Median - 3 Month Moving - Monthly Page 6
Sold Median 6 Month Moving Monthly Page 7
Sold Median 12 Month Moving Monthly Page 7
Sold 12 Month Volume Monthly Page 8
Sold - $ Per Square Foot – Median Yearly Website
Sold - $ Per Square Foot – Median Monthly Website
Sold - $ Per Square Foot – 3 Month Median Moving Monthly Page 8
Sold Days on Market – Median Monthly Website
Sold Days on Market – Median Yearly Website
Pending Median Monthly Page 9
Pending Volume Monthly Page 9
Supply | Adjusted Supply - Monthly **Chart of the Month** Page 10
My Take
With 40 closings, 55 transactions in escrow, and 351 sales in the last 12 months, May was quite impressive. As predicted median sold prices did rise. They were up $235,000 finishing at $1,835,000. Year-to-date we are at $1,900,000.
The median price reduction in May was $169,000 or 9%. Over the last 12 months the median price reduction was $199,000 or 9.2%.
The overall supply of homes declined to 7.8 months, a 12-month low. Under $5M the supply was even lower at just 6.6 months. Over $5M there is over a 41-month supply of homes. Said another way, under $5M the market is or is approaching a seller's market. Over $5M it is an extreme buyers’ market.
Buyers I have identified two properties that have been on the market over 2 years that have already reduced their price by millions of dollars. I believe these sellers are desperate to sell and ready to capitulate. Call me for details.
May 2019 Sales Data
Active Median $ 2,875,000 313 Listings
Days on Market (DOM) Median 75 Days
$ per Square Foot Median $ 1,213
Pending Median $ 1,895,000 55 Listings
DOM Median 59 Days
$ per Square Foot Median $ 1,079
Sold Median May 2019 $ 1,835,000 40 Sales
Price Reduction Median $ 169,000 9.0 %
DOM Median 90 Days
$ Per Square Foot Median $ 1,045
Sold 3 Month Median: (3/1/2019 – 5/31/2019) $ 1,880,000 110 Sales
Sold 3 Month $ Per Square Foot Median $ 969
Sold YTD Median $ 1,900,000 149 Sales
Sold 6 Month Median (12/1/2018 – 5/31/2019): $ 1,900,000 162 Sales
Sold 12 Month Median (6/1/2018 – 5/31/2019) $ 1,850,000 351 Sales
Sold 12 Month $ Per Square Foot Median New $ 1,027
Sold 12 Month Price Reduction Median New $ 199,000 9.2 %
Supply | 3 Month Adjusted Supply 7.8 Months 8.5 Months
Spread (Actives – Solds) Median + $ 1,020,000
Pending Indicator (Pendings – Solds) Median + $ 60,000
Market Segment Analysis
Market Segment ACTIVEs SOLDs SUPPLY
(As of 6/1/2019) (last 3 Months) (Adj 3 Months)
$1,499,999- 12.7% 28.1% 3.8 Months
$1,500,000 - $1,999,999 16.9% 26.3% 5.5 Months
$2,000,000 - $2,999,999 24.6% 23.6% 8.9 Months
$3,000,000 - $4,999,999 19.4% 16.3% 10.1 Months
$5,000,000 - $9,999,999 15.6% 1.8% 73.5 Months
$10,000,000+ 10.8% 3.6% 25.5 Months
Boyd Roberts is responsible for all content, statements, opinions, and conclusions. He is a licensed broker and is not a professional statistician or 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. Original data pulled from California Regional Multiple Listing Service, Inc. Active, Pending, Supply, 3 Month Supply, the Spread, the Pending Indicator, and Market Segment Active data is as of June 1, 2019. Market Segment Sold and 3 Month Adjusted Sold data use most recent 3 months sold data in calculations. “Pending” data includes “Active Under Contract” data. “The Spread” and the “Pending Indicator” were developed by Boyd Roberts and are proprietary. Listing periods separated by less than 90 days are combined. This report is for your personal, non-commercial use and may not be used for any other purpose.
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. Call him for outstanding service.
Boyd Roberts 949-463-9152 Boyd@LagunaGalleryRealEstate.com
Copyright 2019. All Rights Reserved. DRE #01354788