Closed sales transactions remain High (31 properties) Property inventory remains relatively low (240 properties) Properties going into escrow remain high (78 properties) Properties below $1m are 50% of all sales transactions Properties between $1m and $2m are 35% of all sales transactions Properties over $2m are 15% of all sales transactions

March’s Sizzling Stats for Laguna Beach Pretty impressive highlights: 86 Pending (in escrow) Sales, the highest EVER 241 Active Listings, the lowest number in more than four years and only a 3% increase since the first of the year (the average increase from January to April is more than 15%) 88 closed sales in the [...]

It’s Modern/Contemporary Home Week in Laguna Beach When people think of Laguna, most of the time they think of cottages, bungalows and craftsman style houses. Well, Laguna is also the home to many contemporary style homes, which gives Laguna a unique combination of traditional and leading edge architecture. Ever since the great fire in 1993, [...]

From my Rick Cirelli, President RTC Mortgage With interest rates at or near record lows and so many people buying or refinancing, the question always arises: “Is it worth it to pay points in return for a lower interest rate or to accept a lender credit to apply toward closing costs”? The answer isn’t the [...]

31726 4th St, South Laguna Foreclosure – move in ready, with indoor/outdoor living, ocean views, on a swall and super private $595k ($524 sqft) – anything starting with a 5 is very good. Closed in 20 days Client Short Page   272 Beverly, North Laguna Income property Duplex with big ocean views $941k – very [...]

The less than a million market is ‘on fire’ 1. Multiple offers on homes less than $1m – I put offers this month on 4 places that had multiple offers. One foreclosure had 12 offers.  This requires a different mindset when going through the buying process. Let’s discuss. 2. There were 30 sales in February, [...]

I almost like having a beach house perched on a cliff above the beach versus being on the beach. Better panoramic views, not as much sand in the house and you still have great beach access. While I haven’t been in this house (no showings till this weekend hence no videos) I’ve been in houses [...]