… and so our market trends report.
This time I just wanted to share a few statistics provided by the NAR, OCregister, and data provided by our local mls.
For starters:
1. Laguna Beach home sales up 65% over year, vs a year ago. The median price interesting is down by 47.5%, which could help understanding why the sales are up.
2. Overall, South Coast homes ( San Clemente, San Juan Capistrano, Dana Point ) sales are up 2% vrs a year ago. A little improvement. County wide is -4% vs a year ago.
3. The sales-weighted average of median price changes in South Coast ZIPs was -35% vs. a year ago.
4. Price change in all Orange County beach towns ran -13% vs. a year ago.
Also I wanted to note a Laguna Beach mansion ... Yes. It has dropped $2.5M . The large contemporary style property was listed for $10.5 million in 2010 and as much as $11 million in October 2009. Now the manor can be had for $7,995,000.
Located at 1255 Pacific Avenue, the home has 5 bedrooms, 5.5 bathrooms, 9,500 square feet of living space on a .46-acre (20,000-square-foot) lot, a wine cellar, a gym, a home theater, a lap pool and more.
Here’s the listing description:
“ONE MILLION DOLLAR PRICE REDUCTION! BRING OFFERS! This modern manor in Mystic Hills is an architectural tour de force from the talents of Singer and Jeannette. Encompassing 9,500 sq. feet of pure luxury, the 5 level trophy home – crafted entirely of granite, steel, slate, marble and glass – offers an unforgettable lifestyle. A great room unveils a 25 ft window spread lending unsurpassed panoramas of downtown Laguna, Catalina and the coastline; the space expands to an entertainment lounge with wet bar and media. A stone-laden terrace affords loggia lounging and dining alongside a 74 foot lap pool and spa; and in furthering an already impressive outreach, 3 lounging verandas and a rooftop deck offer hillside living and entertaining like no other. Amenities of note: gourmet kitchen with granite counters; oceanfront formal dining with extended balcony; wine cellar w/ intimate tasting; 5 bedroom-suites; professional-grade gym; commercial elevator & oversized garage parking for 3.”
There are no Mello-Roos taxes and no HOA fees.
Olga Matthews of McMonigle Group Inc. is the listing agent for the property. You can also check it out in our website www.ochomebuyer.com
If you’d like to look at this or any other properties in South Orange County, we are here to help.
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Another beach town with a median price below Laguna Beach, but just as beautiful: look at the San Clemente Real Estate.
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