410 Ruby Street Laguna Beach, CA 92651 it is available to see this weekend. Email me if your interested: sean@welcometothedream.com

Before going into the detail of the properties under $1m, I’d like to put it in context of where the Laguna market ended up in 2011. Year End Highlights: 32 sales in the month of December, the highest month for all of 2011; 90 sales in the 4th quarter, best quarter of 2011; only 228 [...]

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 [...]

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 [...]

Summary The number of homes for sale less than a million has shrunken to 60 homes from over 100 not to long ago and it’s resulted in less sales overall since the lower end had the most sales. Most of the activity is now in the $1m to $2m range. You can get loans and [...]

Mortgage Rate Update Yesterday 30 year mortgages had one of its best days in over a year. The Fed at one of their pre-scheduled FOMC meetings did what markets were expecting, plus more. The view prior to the FOMC policy statement at 2:22 yesterday was that the Fed would institute “Operation Twist” as it has been [...]

Bad Record – The lowest closed sales (20) in August for the last 6 years Good Record – The highest amount of ‘in escrow’ properties (77) for the last 6 years 40 properties went into escrow this month alone – a year high 20 properties have closed (11 were below $1m, 4 were between $1m [...]