A Snap Shot and Videos of Properties for Sale Under a Million in Laguna Beach
Category : Laguna Beach Real Estate
Before going into the detail of the properties under $1m, I’d like to put it in context of where the Laguna market ended up in 2011.
Year End Highlights: 32 sales in the month of December, the highest month for all of 2011; 90 sales in the 4th quarter, best quarter of 2011; only 228 Active Listings at the end of the year, the lowest number of Actives since December of 2007 (four years ago).
Secondly, it is pre spring, which is when the homes for sales usually sustainably increase.
Thirdly, a client shared with me the following graph on homes for sale under $1m for the last 10 years. Pretty interesting that from 2004 to 2007 there were hardly any properties for sale under a million. Spiked up to over a 100 in April 2011 and now is at 49 properties.
We need to keep an eye on what happens this spring, which starts next month.
There are currently 49 properties for sale for less than a $1 Million
That’s about a 3 month inventory based on 15 sales a month, which has been the average amount of sales in this price range.
34 are single family residences – Client Brief Report + Photos
15 are condos – Client Brief Report + Photos
Breakdown by areas of Laguna
10 are in South Laguna – Client Brief Report + Photos Printable Map
10 are in North Laguna (8 are condos) – Client Brief Report + Photos Printable Map
8 are in Laguna Canyon – Client Brief Report + Photos Printable Map
22 are in Laguna Village (includes Arch Beach Heights and Top of the World) – Client Brief Report + Photos Printable Map
Breakdown of Distressed Properties for less than a Million
53% of properties for less than $1m are distressed properties (short or foreclosed)
4 are foreclosures – Client Brief Report + Photos Printable Map
11 are short sales – Client Brief Report + Photos Printable Map
Spotlight on Two new ones that came on the market today (one $500k and the other $615k) – Client Brief Report + Photos
Videos of 2 properties for less than a million in the Oak Street Village Area – Sorry if they are a little hoj pod but that happens when you have to work around people that are in the residence. Better than nothing.
The year in Review in Graphs: