Laguna Beach Homes & Property Update With Sale Trends

Laguna Beach homes and real estate market update

Buyers at Laguna are going after distressed sales like they do at other Orange County areas.

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382 homes are now listed for sale at Laguna.  7 of those are bank owned after foreclosure (1.8% of market).  20 of those are short sales (5.2% of market).

See Laguna Beach single family home listings - click here for free link.

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See North Laguna Beach listings - click here for free active link.

So LAGUNA BEACH has fewer distressed homes on the market than most other Orange County areas.

See South Laguna listings - click here for active link.

Market time for all Laguna Beach homes is about 10.13 months (about the same as last year).

Orange County has 11,892 homes on the market. 

4,026 of those Orange County homes are distressed (34% of market).

Market time for all Orange County homes is now at 4.42 months (which is higher than last year and a slowing market).  "Market time" is theoretical time it would take to sell all listed homes at current pace of sales.

29 Laguna Beach homes were sold during month of August 2010 (about the same as last year during August 2009).

See Laguna condo home listings - click here for active link.

Average sold price for Laguna Beach homes during August 2010 was $2,041,120 (almost the same average sold price as during August 2009.

2 Laguna Beach homes sold August 2010 were bank owned REOs, and 6 sold during August were short sales.

So what?  

Buyers at LAGUNA BEACH are going after distressed properties like other Orange County areas.

38% of Laguna homes sold during August were distressed (consistent with Orange County.

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See Arch Beach Heights listings - click here for active link. 

Harrison K. Long @ Live At Laguna Beach
"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  -  Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747  -  CA DRE 01410855 -  www.LiveAtLagunaBeach.com  -  www.CoastLivinghomes.com   -  www.OCHomeValueGuide.com - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -  

Source of information:  Southern California Multiple Listing Service and Laguna Beach homes and real estate sale trends and values

Posted via email from Explore OC Homes