Tick, Tick, Tick the Spring market is coming upon us
Category : Laguna Beach Real Estate
Just when the January ‘going into escrow’ numbers for Laguna showed a potential slowdown in demand it bounces back with a 50% increase in February.
- Homes going into escrow (a true sign of what is happening today sales wise) jumped from 30 homes to 47 homes by March 1. This is below other year levels but not by much.
- Inventory has climbed from 162 homes for sale in January to 195 homes as of the end of February an increase on 30 homes and accelerating. This is still low compared to past years but not by much.
- Go figure. There were only 17 homes sold in Feb. a 6 year monthly low after 29 homes sold in Jan. a 6 year high.
- Looking at this data it looks like most of the sales activity is below $2.5M