Laguna Beach Real Estate | November 2019 Sales Report | Sales Data | Market Segment Analysis | Current Price Projections | Raw Data

November 2019 Sales Data

 

 

Active Median (As of 12/1/2019)                                                  $ 2,990,000                 218 Listings

 

Days on Market (DOM) Median                                                                 139 Days

$ per Square Foot Median                                                                           $ 1,164

 

Pending Median (As of 12/1/2019)                                               $ 1,999,000                 40 Listings

 

            DOM Median                                                                                                93 Days

            $ per Square Foot Median                                                                           $ 1,013

 

Sold Median November 2019                                               $ 1,450,000                 22 Sales

 

            Price Reduction Median                                           $    195,000                 12 %

            DOM Median                                                                                                86 Days

            $ Per Square Foot Median                                                                           $ 866

 

Sold 3 Month Median (9/1/2019 – 11/30/2019)                               $ 1,700,000                 106 Sales

 

$ Per Square Foot Median                                                                           $ 1,050

 

 

Sold 6 Month Median (6/1/2019 – 11/30/2019)                                             $ 1,885,000                 220 Sales

 

Sold 12 Month Median (12/1/2018 – 11/30/2019)                                      $ 1,895,000                 367 Sales

 

Price Reduction Median                                           $    200,000                 9.7 %

DOM Median                                                                                                76 Days

$ Per Square Foot Median                                                                           $ 1,025

 

Sold 2018 Median                                                                  $ 1,835,000                 354 Sales

Sold YTD Median                                                                 $ 1,900,000                 351 Sales

 

Supply | 3 Month Adjusted Supply                                     9.9 Months                 6.1 Months

The Spread (Active - Sold) Median                                                                        + $ 1,540,000 

The Short-Term Pending Indicator (Pending - Sold) Median                             + $    549,000

 

 

Market Segment Analysis

 

                                                                                   

 MARKET SEGMENT       ACTIVE          SOLD             SUPPLY       TYPE OF MARKET

                                               (As of 12/1/2019)         (last 3 Months)           (Adj 3 Months)                      

$1,499,999-                                  14%               42%            2 Months        Extreme Seller’s Market

$1,500,000 - $1,999,999              13%               20%            4 Months        Seller’s Market

$2,000,000 - $2,999,999              26%               15%            10 Months      Neutral Market

$3,000,000 - $4,999,999              19%               14%            8 Months        Neutral Market

$5,000,000 - $9,999,999              17%                 6%            16 Months      Buyer’s Market

$10,000,000+                               10%                 1%            66 Months      Extreme Buyer’s Market

 

Current Price Projections

 

 

 

The Short-Term Pending Indicator (As of 12/1/2019)  Projection for Short Term     Up

The Long-Term Price Indicator (As of 1/1/2019) Projection for 2019                                 Up

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