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A Broker's Take on the September 2019 Laguna Beach Real Estate Market

As I predicted last month, prices did fall. The sold median finished at $1,750,000 down $350,000 – a 16% drop (chart on page 6 of my September 2019 Laguna Beach Real Estate Sales Report). For those of you keeping track, that is the 19th time in a row that I have accurately predicted a short-term Laguna Beach price movement (Pending Indicator chart on my website: www.LagunaGalleryRealEstate.com).

But make no mistake, this is the best of times. The supply of homes – at 6.4 months – is at an 18-month low (page 10). Despite September’s plunge, the 12-month moving median remains at a record $1,900,000 (page 7). Likely, 2019 will be a record year.

Check out my Laguna Beach View Ordinance video on my website www.LagunaGalleryRealEstate.com.

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