Foreclosed Beach Front Property Boy, things surely got steamed up last week with the Laguna foreclosed beach front property offer for $2 million. The video was seen by over 150 people and I got lots of calls of interest. While the listing agent won’t give me the exact amount since it’s in escrow, he did [...]

Meanwhile, November had the most closed sales than any month in 2011 with 32 homes closing. Inventory of homes for sale is at a yearly low of 264 properties versus the high of 425. As of November 30, 32 properties have closed (10 were below $1m, 13 were between $1m to $2m, and 9 were [...]

Many buyers have been waiting for this. A relatively affordable ‘on the beach’ oceanfront home for less than $2 million. Client Brief Report + Photos It’s got some serious neighbors Offers must be in by Dec. 11 and the seller will let you know the highest offer and everyone can make a ‘best and final’ [...]

Some people have home-finding stories that are the real estate equivalent of the skywritten marriage proposal tales. They drove by their dream home, knocked on the front door and the elderly owner offered it to them for a song. However, most recent home buyers have tales on the other end of the charming-and-easy spectrum; tales [...]

Are Current Buyers getting the super deals that all buyers want these last days of the year? Current sellers can be seller fatigued and are very motivated to sell before February when the spring season starts. Many times people pull back from buying or selling properties this time of year since the housing inventory is [...]

Summary: Closed sales and properties going into escrow remain relatively strong and stable Property inventory is at a 6 year low for October The number of homes in escrow is close to a six year high The number of homes with price drops is 25% which has trended up from 20% In October, 27 properties [...]

Did you know there used to be an airfield where Laguna’s Emerald Bay bluff is today? That is until someone came up short and landed in Crescent Bay. And why was this landing strip built? To bring Hollywood folks in for ‘Pancho’ Barnes famous 3 day binge parties at her Smithcliff’s home. It was her [...]

Laguna Sales Activity remains strong and shifting to higher priced homes. Homes selling for over $1m typically require jumbo loans (or cash) versus the conforming loans. What is the difference? First the Shift of Sales to Higher Priced Homes October sales remain at a strong pace with 23 homes closing so far and 29 going [...]