Torelli and McCracken Stats

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1891

July 2011 Laguna Beach Real Estate Market Update

 

As of July 31, 30 properties had closed, which is above the monthly average of 27 closed sales in 2011

Average price – $1,521,450;  Median Price – $1,007,500

15 closed sales were less than $1 million, 7 were between $1 million and $2 million, 8 were more than $2 million (this is double the average of 4 sales of more than $2 million)

25% of closed sales were distressed properties – 2 closed sales were foreclosures, and 5 were short sales

19 homes went into escrow thus far which is lower than the 2011 monthly average

9 were less than $1 million, 5 were between $1 million and $2 million, and 5 were more than $2 million

The number of listings “for sale” has leveled at 338 properties, which is trending down. 183 are over $2 million which is trending up.

11% of homes for sale are distressed properties, which is low compared to OC’s 35% overall

There are 10 properties in foreclosure for sale.

There are 27 short-sale listings, which is consistent.

100 properties had price decreases – way up

 

August 8, 2011 Laguna Beach Real Estate Market Update

 

As of Aug 8, 4 properties have closed (2 were less than $1m, 2 were more than $2 million)

No closed sales were foreclosures, and 2 were short sales

10 homes went into escrow thus far

3 were less than $1 million, 2 were between $1 million and $2 million, and 5 were more than $2 million

The number of listings “for sale” has leveled at 335 properties. 155 are over $2 million.

11% of homes for sale are distressed properties, which is low compared to OC’s 35% overall

There are 10 properties in foreclosure for sale.

There are 27 short-sale listings, which is consistent.

29 properties had price decreases, month-to-date.

 

Information, courtesy of Sean McCracken, agent  with Surterre Properties. Data captured August 9, 2011.

smccracken@surterreproperties.com ; phone 949-290-5317 www.welcometothedream.com