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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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