laguna Beach Homes for Sale April 26,2009

We have exciting news being reported from The Coastal Property Blog site in Laguna Beach. We are going to be giving you weekly stats of active homes for sale in Laguna Beach, homes for sale in Laguna Niguel homes for sale in Dana Point and homes for sale in Newport Coast.


April 27, 2009
Laguna Beach Active In Escrow %
Total # of Homes 390 51 12

$1,000,000 and under 58 20 26
$1,000,000 - $2,000,000 144 25 15
$2,000,000 - $5,000,000 43 0 0
$10,000,000 and over 27 0 0


Newport Coast Active In Escrow %
Total # of Homes 213 17 7

$1,000,000 and under 32 5 14
$1,000,000 - $2,000,000 45 6 12
$2,000,000 - $5,000,000 96 5 5
$5,000,000 - $10,000,000 32 1 3
$10,000,000 and over 12 0 0


Laguna Niguel Active In Escrow %
Total # of Homes 348 174 33

$500,000 and under 124 92 43
$500,000 - $1,000,000 133 66 33
$1,000,000 - $2,000, 61 12 16
$2,000,000 and over 33 7 18


Dana Point Active In Escrow %
Total # of Homes 280 80 22
$500,000 and under 37 33 47
$500,000 - $1,000,000 131 34 21
$1,000,000 - $2,000,000 53 13 20
$2,000,000 and over 63 0 0


These numbers are a huge indication of a coastal real estate market up swing. Yes, a trend is being set. Homes in Laguna Beach under one million dollars are hot. They represent over 25% of the homes sold! We see a precedent being set and a bottom being established for Laguna Beach homes for sale in relationship to them being sold. Now with this being said on the low end, we shall talk about the homes sold between the 2 million - 5 million dollar range. Only 5% have sold. What does this mean for Laguna Beach real estate? The bottom has not been established in this price range and higher yet. There are so few sales. Either the sellers do not have the same urgency to sell or they are just foreclosing to the banks and the banks have not started to unload them. We believe we have not seen the worst to come in the high end markets. Laguna Beach real estate is an area unto itself. It will loss its 35% but Laguna Beach homes will come back faster than most areas along the coast.

We want you to review the other stats for Dana Point homes for sale, Laguna Niguel homes for sale and we are providing Newport Coast homes for sale too. You can see the data and know buying a second home or being a first time home buyer or even an investor, these lower end price points are where to be.

Please call us with your questions about coastal real estate. We are here to serve you. Also our web site, www.TheCoastalPropertyExperts.com is a great tool for doing your orange county real estate searches.
Posted by Hillary Caston at 10:28 AM 0 comments
Labels: coastalproperty, laguna beach homes, Laguna beach real
Hillary Caston
949-922-8490
www.hillaryandcharles.com