1st Nationwide Report on Laguna Beach Residential Real Estate Market Forecast
Laguna Beach features an attractive coastline as well as cozy neighborhoods and excellent schools for couples and families. Home prices have appreciated the past few years yet in early 2015 demand is cooling. That gives prospective home buyers an opportunity to buy a home.
Aliso Viejo, USA – April 22, 2015 /MarketersMedia/ —
In 2014, sales of homes in the Southern Orange County city of Laguna Beach have remained stable for the most part due to location and high demand. Laguna Beach is well-known for its quaint and funky neighborhoods, concentration of artists and its beaches.
In a reversal from 2013, both the average list price and average sales prices of homes declined to $3,153,780 and $2,951,000 respectively. However, according to the California Regional MLS the average sales price for luxury home was $9,374,375 which was a slight increase from 2013.
The median sales price for homes in Laguna Beach CA increased to $1,870,000 from $1,430,000 from 2013 to 2014. This represents an increase of 24%, or $440,000 compared to the prior year. Sales prices for homes appreciated 46.5% over the last 5 years in Laguna Beach.
Laguna Beach Luxury Home Sales
The City of Laguna Beach had 311 luxury home sales, a 14 percent increase over the prior year. The median home value in this segment is $1,447,600 which is 9.6 percent less than one year ago. This translates into it being a buyer’s market. Te foecast for homes 1 year from now is $1,469,000 based on market data.
As of April 19th there are 265 residential homes for sale in Laguna Beach.
Homes listed in Laguna Beach are primarily in the neighborhoods of Temple Hills, Crystal Cove, South Laguna, Montage, Emerald Bay, Arch Beach Heights, and Three Arch Bay. The style of homes in Laguna Beach features a healthy modern contemporary design merged with Spanish & Mediterranean influence. It’s not out of the ordinary to discover amazing beach front contemporary homes to for sale in Laguna Beach.
1st Nationwide’s focus with the buyer evolves into a unique business relationship whcih can become challenging when demand is high. “There is such a great feeling about filtering through the available homes with clients and finding the perfect opportunity,” said Chris Arco, President of the 1st Nationwide.
Laguna Beach has some highly sought after neighborhoods such as Montage and Emerald Bay. Not only are the views breathtaking, but the area has some of the best rated schools and is conveniently close to major work locations such as Irvine and Newport Beach. It truly is the kind of place one would want to raise a family. Fortunately, the process of finding a home in Laguna Beach has become easier.
“The goal is to help a family find a home that works best for them. The best part of all is seeing their faces when we locate and close on a home for them,” said Chris Arco.
1st Nationwide’s dedication to client satisfaction continues to earn them accolades from past clients and home buyers new to the area.
HomesFinderOC.com is a website owned and operated by 1st Nationwide Real Estate that provides information on the local southern Orange County residential market as well as news, insight and information on state and regional properties and markets.
To learn more about real estate and homes in South Orange County or for more information about the Laguna Beach, please visit http://www.homefinderoc.com.
For more information about us, please visit http://www.homefinderoc.com
Contact Info:
Name: Chris Arco
Organization: 1st Nationwide Real Estate
Address: 65 Enterprise, Aliso Viejo, CA 92656
Phone: 949-273-1355
Release ID: 80164
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