Torelli and McCracken June Market Update

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Laguna Beach Real Estate Market Update

• As of June 15, 8 properties have closed (3 were below $1m, 4 were between $1m to $2m and 1 was over $2m.

• 0 closed sales were foreclosures, and 0 were short sales.

• 17 homes went into escrow thus far.

• 4 were less than $1m, 5 was between $1m and $2m, and 8 are above $2m.

• The number of listings for sale has leveled at 361 properties; 167 are over $2m.

• There are 6 properties in foreclosure for sale which has been the norm.

• There are 32 short sale listings, which is consistent.

• 47 properties had price decreases month to date – continuing to increase.

Information, courtesy of Sean McCracken, agent with Surterre Properties. Data captured June 15, 2011. smccracken@surterreproperties.com; phone 949.290.5317. www.welcometothedream.com