Torelli and McCracken Stats

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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