Finding a Laguna Beach CA Short Sale Townhome for under $400,000 can be difficult with the low inventory of homes on the market right now. As of June 25th of 2011, there are currently 415 homes for sale with 60 of those homes being listed as short sales. Distressed properties are now a part of the Laguna Beach Real Estate market and can be an avenue to find below market value properties. A newly listed short sale home has come on the market in the "Terraces Laguna Beach" community. If you are not familiar with Laguna Beach then it's important to realize that these condos are located about 5-10 minutes into the downtown area of Laguna Beach. Located just north of the 73 freeway and boarding Aliso Viejo, California. If you don't mind the commute and want the Laguna Beach address then the Terraces Laguna Beach townhomes are a great way to go. For more information about Laguna Beach short sales please contact us today at 949-355-1622. We will be more than happy to sit down with you and go over the steps involved with buying or selling a short sale listing.