Laguna Beach Real Estate
September 2017 Sales Report
Boyd Roberts
Gallery Real Estate 949-463-9152
September video at www.LagunaGalleryRealEstate.com
Let’s start with the bad news. September median prices drop a little over $100,000 to just under $1,600,000. As of October 1st, the spread between what current sellers want and what buyers will pay, widened to over $1,400,000. The 3 and 6 month moving median prices have dropped a lot recently and especially in September.
The good News? The 12 month moving median price – at almost $1,850,000 – is holding strong. The year to date price, at $1,815,000, is still above 2016’s record high. Significantly, median pending deal prices at almost $1.9M boded well for prices through the rest of the year.
No matter what your outlook, you need knowledge and experience to help you negotiate this market. As a broker with over 14 years of experience, over 800 transactional sides, over $250,000,000 in sales, I can help. Call me today.
ACTIVEs (As of October 1, 2017)
Median Price $ 2,995,000
Total 252 Listings
Median DOM 90 Days
Median Price per Square Foot $ 1,199
PENDINGs/Under Contract (P/U) (As of October 1, 2017)
Median Price $ 1,895,000
Total 57 Listings
Median DOM 69 Days
Median Price per Square Foot $ 929
SOLDs (September 2017)
Median Price $ 1,587,300 Total 29 Closings
Total Requiring a Price Reduction 23 Closings
% of Closings at a Reduced Price 79 %
Average Price Reduction $ 210,003
Average Price Reduction as a % 7.0%
Median DOM 61 Days
Median Price per Square Foot $ 991
Total Supply of Actives at this Rate of Sales 8.68 Months
Difference Between Active Median Price and P/U Median Price + $ 1,100,000
Difference Between Active Median Price and Sold Median Price + $ 1,407,700
Difference Between P/U Median Price and Sold Median Price + $ 307,000
Most Recent 3 Full Calendar Months: 7/1/2017 – 9/30/2017)
Total 97 Closings
Total Requiring a Price Reduction 75 Closings
Median Price $ 1,625,000
Median DOM 58 Days
Median Price per Square Foot $ 974
Total Supply of Actives at this Rate of Sales 7.79 Months
Most Recent 6 Full Calendar Months (4/1/2017 – 9/30/2017): $1,800,000 Median 203 Sales
Most Recent 12 Full Calendar Months (10/1/2016 – 9/30/2017): $1,849,000 Median 380 Sales
Year Median Price # of Sales Year Median Price # of Sales
2000 $ 665,000 562 2009 $1,185,000 274
2001 $ 775,000 437 2010 $1,200,000 334
2002 $ 785,000 527 2011 $1,100,000 329
2003 $ 971,000 542 2012 $1,250,000 435
2004 $1,275,000 514 2013 $1,525,000 422
2005 $1,505,000 428 2014 $1,785,000 411
2006 $1,625,000 322 2015 $1,700,000 384
2007 $1,629,000 281 2016 $1,800,000 370
2008 $1,535,000 204 2017 (YTD) $1,815,000 294
Boyd Roberts is solely responsible for all content/statements/opinions/and conclusions. He is a licensed broker and is not a professional statistician or an economist. All data: has been taken from sources deemed reliable; is not guaranteed; may be subject to compilation errors, data source errors, and statistically invalid data sample sizes. All forecasts and opinions are not guaranteed. Information pulled from California Regional Multiple Listing Service, Inc. Active, pending/under contract, and YTD data are as of October 1, 2017. This information is for your personal, non-commercial use and may not be used for any other purpose. Pending/under contract price data is not necessarily the contract price. Likely, it is the last active price before going into contract.
Boyd Roberts was licensed as a salesperson in 2002 and as a broker in 2004. Individually and as a broker he has closed or overseen the closings of over 800 real estate and real estate loan transactions in excess of a $1/4 billion.
Boyd Roberts 949-463-9152 Boyd.GalleryRE@gmail.com
Copyright 2017. All Rights Reserved. BRE #01354788