Laguna Beach Real Estate - A Broker's Take on August Video Text | Video Available at www.LagunaGalleryRealEstate.com

As predicted, prices did rise in August.  Though it was ugly, the sold median finished at $2.1M up $150,000. The median price reduction was $290,000 or 12%. 1044 Van Dyke Drive reduced their price by 65% after languishing on the market for nearly 500 days.  See the closing detail on page 3.  

 

What am I looking at now?  With the pending median at $1.8M, I am now forecasting a pullback probably this month.   Long term I remain bullish.  With the year to date at $1.95M there is very little mathematical chance that 2019 will not set a record high - by a lot. And with 67 deals in escrow, these puppies are looking strong and lively.

 

Art Walk is on Thursday and Sunset Serenades returns to Heisler Park every Friday this month.  Have an excellent September and thank you joining me.

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