Laguna Beach Real Estate Report Nov 2012

Laguna Beach Real Estate Report

South Orange County Real Estate

November 2012

Laguna Beach Real Estate at a Glance:   Volume has been fairly consistent in Laguna Beach with a healthy number of transactions every month. Because of the wide range of prices in Laguna Beach real estate the data doesn’t paint the most usable picture but if you eliminate the months that are unusually high you see a pretty stable pricing trend Active inventory is extremely high relative to average number of monthly transactions heading into the holiday season.

South Orange County Real Estate General Economic Conditions: rates remain at historic lows increasing affordability, inventory is low throughout South Orange County Real Estate as general economic uncertainty has delayed many sellers from putting their homes on the market and volume has remained fairly consistent.

Detached Homes

Current Active Inventory 153

Current Average List Price $4,965,233

Behind the Numbers

Average volume past 3 months 30

Average sales price past 3 months  $2,334,314

Prices somewhat consistent in light of months of large upswings because of large range of sales prices

Volume  staying fairly consistent

 

 

What this means for

Buyers – buyers have a lot of options with much more homes currently on the market than typically sell in a month. If you have been contemplating purchasing a Laguna Beach home now is a great time. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market and find the best Laguna Beach home for you.

Sellers – pricing your Laguna Beach detached home for sale correctly is essential in this market.  Pricing it to high and you can expect it to sit on the market for a while, getting stale in the eyes of potential buyers, pricing it to low and you leave money on the table. Prices have stabilized and volume remains steady but the available inventory is very high. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 24

Current Average List Price $1,458,857

Behind the Numbers

Average volume past 3 months 6

Average sales price past 3 months  $1,472,625

Prices  stabilized

Volume  staying fairly consistent

 

 

 

What this means for

Buyers – attached Laguna Beach homes for sale inventory is high compared with the average monthly volume so buyers should have plenty of options. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers – The inventory is high for the average monthly demand making pricing, condition and marketing essential to get your home sold quickly. Prices have stabilized so don’t expect to get a large increase over recent sales but you can expect to sell for the same or slightly more. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

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Posted in Laguna Beach Real Estate, OC real estate
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