A QUICK MARKET SUMMARY
The Laguna market is still on fire with 37 homes already going into escrow this month alone and its only the 19th of June. And the inventory is still low at 232 properties. Lots of multiple offers. Why? Prices are still at 2003 levels, 30% off the high of 2007 and mortgage rates are below 4%.
And it not just happening here. The following is last Sunday’s LA Times front cover headlines.
http://www.latimes.com/business/la-fi-inventory-20120610,0,1637144.story
Videos:
Foreclosure – Ocean View Condo above the Montage for $550k
(Click Here or Image Above to Play Video)
Foreclosure – Single Story Temple Hills house for $1.025m
(Click Here or Image Above to Play Video)
SoLag (South Laguna) 1400 sqft cottage for $845k
(Click Here or Image Above to Play Video)















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