A Very Warm (not hot) May – Real Estate Sales Activity in Laguna Beach

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A Very Warm (not hot) May – Real Estate Sales Activity in Laguna Beach

Sales are up – 38 Sales – Up 8 over April and almost at 2007 levels. Client Short Page
Only 5 were distressed properties (2 short and 3 foreclosed) Client Short Page
Most active price range is less than a million – 20 sales. Almost all of them are in the hills. They’ve been on the market for an average of 150 days and had a 12% discount off the original price. Avg price per sqft was $656. Client Short Page
More homes selling in the $1m to $2m range – 12 sales. The Initial pricing of sold homes more on target with only 8% discount off the original price. Avg price per sqft is $725. They were on the market an average of 100 days. Client Short Page
Slow market for homes over $2m – Only 6 of 180 homes sold – One was for $8m
Steady eddy for amount of homes on the market – 363 Click Here
Foreclosure remain at year highs – 9 Click Here


About Author

Sean McCracken

As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain - Call Me @ 949-290-5317

1 Comment

Jera

April 9, 2011 at 10:05 pm

That’s the best answer so far!

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