First half of 2016 Laguna stats –

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First half of 2016 Laguna stats –

Still a ‘sellers’ market but the summer cycle is slowing things down

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Laguna Summary

  • In the first six months of this year 185 homes were sold compared with 200 in the previous year, a drop of a little less than 10%.
  • The number of Pending Sales is 51 about 15% lower than in 2015.
  • The current number of Active Listings is 272 an increase of 10% from the previous month and more than 15% from the previous year.  This number also represents the highest number of Active Listings since October of 2011, almost five years ago.
  • Looking at the closed sales for the last month more than 72% of the sales were below $2,000,000.  Translating this data:  Sales are off especially at the higher end of the market with inventory increasing rapidly.  If you have a home priced above $2,000,000 that has been on the market for more than 30 days it is time to consider the price.

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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

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