Laguna Beach Real Estate | December 2019 Market Statistics raw data

December 2019 Sales Data

 

 

Active Median (As of 1/1/2020)                                                   $ 3,099,000                 175 Listings

 

Days on Market (DOM) Median                                                                 148 Days

$ per Square Foot Median                                                                           $ 1,176

 

Pending Median (As of 1/1/2020)                                                $ 2,195,000                 33 Listings

 

            DOM Median                                                                                                113 Days

            $ per Square Foot Median                                                                           $ 1,059

 

Sold Median December 2019                                               $ 1,770,000                 32 Sales

 

            Price Reduction Median                                           $    309,000                 10 %

            DOM Median                                                                                                98 Days

            $ Per Square Foot Median                                                                           $ 976

 

Sold 3 Month Median (10/1/2019 – 12/31/2019)                              $ 1,700,000                 96 Sales

 

$ Per Square Foot Median                                                                           $ 1,052

 

 

Sold 6 Month Median (7/1/2019 – 12/31/2019)                                             $ 1,850,000                 200 Sales

 

Sold 12 Month Median (1/1/2019 – 12/31/2019)                                        $ 1,895,000                 383 Sales

 

Price Reduction Median                                           $    210,000                 9.8 %

DOM Median                                                                                                82 Days

$ Per Square Foot Median                                                                           $ 1,011

 

Sold 2018 Median                                                                  $ 1,835,000                 354 Sales

Sold 2019 Median                                                                  $ 1,895,000                 383 Sales

 

Supply | 3 Month Adjusted Supply                                     5.4 Months                 5.4 Months

The Spread (Active - Sold) Median                                                                        + $ 1,329,000 

The Short-Term Pending Indicator (Pending - Sold) Median                             + $    425,000

 

 

Market Segment Analysis

 

                                                                                   

 MARKET SEGMENT       ACTIVE          SOLD             SUPPLY       TYPE OF MARKET

                                               (As of 1/1/2020)         (last 3 Months)           (Adj 3 Months)                        

$1,499,999-                                  13%               42%            1.7 Months     Extreme Seller’s Market

$1,500,000 - $1,999,999              11%               17%            3.5 Months     Seller’s Market

$2,000,000 - $2,999,999              26%               12%            11 Months      Neutral Market

$3,000,000 - $4,999,999              21%               17%            6.5 Months     Neutral Market

$5,000,000 - $9,999,999              17%                 6%            15 Months      Buyer’s Market

$10,000,000+                               11%                 3%            20 Months      Buyer’s Market

 

Current Price Projections

 

 

 

Short-Term Pending Indicator (As of 1/1/2020)  Projection for Short Term              Up

Long-Term Price Indicator (As of 1/1/2020) Projection for 2020                                           Up

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