May 2019 | Laguna Beach Real Estate Sales Report | Search Version

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

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