Laguna Beach Homes - Sales 2008 - November

Laguna Beach Homes - Sales 2008

Sales Soar in September

Compared to the year before, sales of single-family, re-sale homes in Orange County rose 83.9% in September. This is the third month in a row home sales have been up year-over-year. The good news for buyers - the median price for single-family, re-sale homes in Orange County fell 4% from August. Year-over-year, the median price was off 26.7%.

Just as several years ago at the height of the market, the large number of million dollar plus sales skewed statistical prices upward. The current large numbers of bank-owned properties working their way through the market are skewing statistical prices downward.

As of November 1, 2008;

There are currently 324 Homes for Sale in Laguna Beach, ranging in price from $400,000 to $23,000,000

• Average Price: $3,144,325

• Average Days on Market: 153

There are currently 16 Laguna Beach Homes in escrow, accepting Back-Up offers.

• Average Price: $1,448,124

• Average Days on Market: 146

And 13 Laguna Beach Homes are Pending in escrow:

• Average Price: $1,785,592

• Average Days on Market: 114

151 Homes in Laguna Beach have closed escrow in 2008

• Average Price: $2,240,072

• Average Days on Market: 111

• Average Price per Square Foot: $915.75

Laguna Beach homes for sale

For more information on a particular city or neighborhood please contact me.

Brian Jones, Realtor

ZipRealty, Inc.

cell: 949-422-1636 or 800-225-5947 x5220

email: brjones@ziprealty.com