The Real Deal: Laguna Beach Real Estate

by Gilda Duhs on July 7, 2011

in Coastal Views Real Estate - Latest News, How's The Market, Laguna Beach Real Estate

The number one question people ask me as a real estate broker is, “How’s the market?” Well, to be honest, it truly varies depending on many factors such as the city, the number of homes on the market, and the price just to name a few. Let me give you the real deal, in numbers. Right now in Laguna Beach, the market is picking up in the $700,000-$1,000,000 range. In fact, the number of homes on the market in this bracket is down to only a 5 month supply inventory. Compare this to the homes priced at $1,000,000-$1,499,000. The inventory in this bracket dramatically increase to an 18 month supply inventory. In the $3,000,000-$3,999,000, the month supply is even higher at 84 month supply inventory.

Since the demand for homes under $1,000,000 is increasing the supply is dwindling. As a result, the market is picking up in this bracket. This foreshadows the future of the Laguna Beach real estate market. If the lower price range homes start picking up in activity, the rest of the real estate market follows suite.

So, the real deal with the Laguna Beach real estate market is increasing. But don’t just take my word for it, look at the numbers.

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Post by Gilda Duhs

Gilda has written 204 articles.

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