First half of 2016 Laguna stats –
Category : Laguna Beach Real Estate
Still a ‘sellers’ market but the summer cycle is slowing things down
- 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.