Category Archives: Laguna Beach Real Estate

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If you want some unique theater that will touch all your artistic senses this is it – Come join your LFA friends for some wine and entertainment

Sonatasia and Emmy-nominated producer-director Pamela Peak bring the spectacular On Impulse Acting Troupe to a stunning private home high in the hills of Laguna Beach. You will be transported back 100 years to the sleepy town of Spoon River, as the actors appear all around you, each unfolding their unique story. The home, a modern masterpiece designed by Laguna Beach architect Horst Noppenberger, sits high in Mystic Hills with a sweeping ocean view.

Thoughtful, amusing, sorrowful, and sometimes disturbing, these haunting and moving stories, penned by famed American author Edgar Lee Masters, first appeared daily in Midwestern newspapers and then went on to captivate the nation. Each character tells his or her individual story as a resident from a fictional town of Spoon River. This magical performance commemorates the 100th anniversary of this classic work. Tickets can be purchased online here: http://www.brownpapertickets.com/event/2432843 Note: due to limited space, there will only be 50 tickets available for this event. Please RSVP!

Sontasia is more than a performance. It is a thrilling experience of music, theater, and dance which unfolds all around, the performers close enough to touch. There is no stage. The performance is everywhere! Sonatasia was created by architect David M. Parker.

The On Impulse Acting Troupe was founded in 2011 by Emmy-nominated Producer/Director Pamela Peak, and has appeared at numerous venues around the Southland, most recently Carbrillo Playhouse in San Clemente. Some of their performances have been “The Odd Couple”, “The Grass Harp”, and “Of Mice and Men”. Ms. Peak teaches Sanford Meisner’s acting technique called, “a secret”. The ultimate goal is for the audience to see a reality transform in front of them rather than just to see individuals acting.

Come and tour the spectacular home, see the architecture, meet new people, and enjoy an enchanting theatrical experience you will always remember. Don’t miss this wonderful event!

“ TO ATTEND THIS UNIQUE EVENT, YOU MUST RSVP at: dmparchitect88@gmail.com – or call (949) 305-5496 and leave your name, number and the number of people in your party.  This is mandatory due to limited seating capacity. TO SECURE A SEAT, PLEASE PURCHASE TICKETS ONLINE HERE:  http://www.brownpapertickets.com/event/2432843

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Mark Singer leaves a major modern/contemporary ‘thumbprint’ on how Laguna looks today, making it one of the most architecturally interesting communities in the world

All of us at Laguna Friends of Architecture are sadden by Mark’s succumbing to cancer and thank him for his indelible influence on all of us that live in Laguna.  In particular, he helped LFA become 1,400 friends strong by giving us instant credibility when we were just starting, as one our first speakers talking about how he made his houses earth friendly. This house was the first Platinum LEED compliant in the area, the highest level possible.

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I could go on and on about Mark’s life, which the local papers have done a great job at, but especially with architecture being the ultimate art form since it shapes every one of us, it’s best to describe him by pictures and videos of his work. Click here to view the full article


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Some of my clients are asking about the possibility of a housing price correction

Some clients say the prices have gone up too fast and the median price is within 6% of the record established in June of 2007 and a price correction is near.

The last time prices were this high it lead to a major housing price correction. Logically, prices are about to drop again, right? Not necessarily.

The prior OC median sales price record was established in June 2007 at $645,000. The median sales price last month was at $610,000. During the Great Recession, the median low hit $370,000 in January 2009. So, August’s level is 65% above the recession low and just 5.4% away from matching Orange County’s record height.

The prior height was established 8 years ago. Even though inflation has been extremely mild, the Consumer Price Index in Orange County has been positive for years. Taking into consideration the slower, mild growth in overall prices, Orange County is closer to 15% off the prior peak, not 5%. Buyers are mistakenly comparing today’s prices to 2007, that’s 8 years ago, a long time ago.

And that’s with minimal wage increases which now are getting upwards pressure. Also, most of the loans made over the past 6 years have been strictly underwritten and foreclosures/short sales are incredibly low. Lastly,the inventory is the lowest in September since 2012 which keeps it a sellers market.

BUT  if you are buyer there is a niche to explore for a good price. Many Laguna sellers are now doing a price correction on their prices since they set prices in ‘anticipation’ of Spring time’s higher pricing continuing. This resulted in many homes to be still on the market for a much longer time then desired which makes the seller anxious.

It’s not a 20% drop or anything but you’ve some leverage in a weakened seasonal sellers’ market.

Laguna active ‘for sale’ properties that have decreased their prices:

  • 85 homes (or 36% of 235 homes for sale) have had price reductions of at least 5%: See properties here
  • 31 homes (or 13%) have had price reductions of at least 10%:See properties here
  • 16 homes (or 7%) have had price reductions of at least 15%: See properties here
  • Interesting to note that Laguna Niguel had only 38 homes (18% of 214 homes for sale) drop prices by 5%: See properties here

So in a way there has been a price correction or slow down but not to the major levels that some were hoping for. Will the increase in interest rates impact prices? We’ll see, but with inventory is still low and I don’t see it happening unless it goes a couple points up.

Up to the Minute Year to Year comparison of Laguna Market activity

2015-10-07 08_06_56-Microsoft Excel - Graph Template.xlsx

See the rest of the charts and graphs

Summery information on the dynamic Laguna Beach market

Closed sales in September popped back up to 34 homes which is right on par for the last few years.

However, homes going into escrow, which show the true sales activity for the month, was down to a 6 year low of 48 homes (tying 2013).

But when the New Year started in 2014 the sales activity increased dramatically.

Lastly, the inventory is at 236 homes the lowest since 2012.


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2015-10-08 07_25_51-Keith and Jane testimonal - YouTube

Welcome some new folks to Laguna. Keith and Jane.

They moved from Pleasanton to Laguna Beach. Great folks and great clients

 


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surterre

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The Laguna Friends of Architecture features three Laguna Architectural Landmarks

Join local architecturally passionate friends for a glass of wine and hear from former Laguna Beach Historical Society president Gene Felder. The program, with extensive historical and modern photographs, will be Three Laguna Beach Architectural Landmarks: Pyne Castle, Village Rockledge, and the Richard Halliburton Hangover House.

Photographs courtesy of the Laguna Beach Historical Society, the Roger W. Jones collection, and The First American Title collection.

The program is this Friday, Oct. 2 at 6 o’clock at LCAD, Studio 12. Please email Sean McCracken at smccracken@surterreproperties.com with any questions.


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Art from the psychedelic era

 

Art from the psychedelic era

The overlooked contribution of
the Brothers of Eternal Love

Until now Come join us this Saturday for a curator’s tour of the art work from the late 60s in
Laguna’s counter culture days
.

 

If you haven’t heard about the Bother of Enteral Love days in Laguna get ready to be blown away.

To put it as briefly as possible, during the late 50s early sixties, there were a gang of hoods in Anaheim that loved to fight and take drugs of every type.

They heard that a new drug LSD, which at the time was legal, was being served at a party in LA, so they crashed the party and stole the LSD.

All of a sudden these hard-ass dudes became spiritually enlightened with the gang’s leader John Griggs seeing Jesus Christ on one his first LSD trips. They called themselves the Brothers of Eternal Love and set up their new residence in Laguna Canyon in Laguna Beach on Woodland St. which is next to the Sawdust Festival.

There they put their mission to ‘enlighten the world’ into action with vast quantities of LSD (when it became illegal they made their own, called Orange Sunshine) as well as hashish and marijuana. They were the first major worldwide distribution drug network having gone to Afghanistan and stuffed VW vans they bought in Germany with hashish and shipped them home. Later it was marijuana stuffed surfboards.

 

 Click here to read more


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Laguna Home sales have month to month volatility

August sales are way down but homes going into escrow bounce back to summer average of 53 homes

August Summary:

  • Sales way down: 24 home were sold vs. 44 last month and 34 in Aug. a year ago
  • But 53 homes are in escrow (which is the same as Aug. for the last 3 years) and is the true pulse of the market
  • The median sold price for the year is $1,650m down 8% compared to last year
  • 250 homes are for sale – consistent with last few months and last year but will be going down based on historical info for last few years for fall and winter
  • $0 to $1.5m is a sellers’ market, $1.5m to $4m is a neutral market and over $4 is a buyers’ market

This 3 cottage St. Ann property is currently for sale as a ‘pocket listing’, not in MLS

Live in one and rent the other two
Or rent all three short or long term legally

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255 St Ann – There are three beautiful cottages on this property. They’ve all been beautifully remodeled. They are permitted rentals so they can be rented on short or long term basis.
It will be offered for around $2.4 and the seller says it has a 6% cap rate. Let me know if you’ve any interest and I’ll send the financial proforma. Great village location and a beautiful property.
Video of area on St. Ann St. where the Laguna Lady was found and shots of the newly refurbished cottages.
Website of property

Another Pocket Listing

31868 Circle Drive

This property is PERFECT for the couple, individual or person seeking a beach getaway. 2 bedrooms and 2 baths.  Contemporary and remodeled with breathtaking views of Paradise Cove (Thousand Steps Beach) with beach access and great parking. This is not in mls but is listed.  Please call me with any questions or interest.  This is a great value and home $2,050,000

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Articles about the Local Real Estate Market

Will Wall Street turmoil affect Southern California housing market? – LA Times

Mid-summer homebuying down 12% in million-dollar Orange County ZIPs – The Orange County Register

One in three O.C. homes for sale are priced above $1 million – The Orange County Register

July rent up 5% in a year – The Orange County Register

$1 million home listings surge: one-third of houses for sale in O.C. have asking prices in seven figures – The Orange County Register