There is a strong sense in today's Laguna Beach Real Estate market that the economy is improving and buyer confidence is starting to rise. Laguna Beach homes under $700,000 and hard to come by especially when looking for a single family home. I was out showing a bank owned home in the Summit Ridge area located at 783 Summit Dr, Laguna Beach the other day and noticed the large traffic of agents and buyers wanting to take a look at this home. Most single family homes in Laguna Beach that are located near the beach with ocean views under $700,000 rarely come on the market and when they do they typically will have multiple offers within a matter of days. The buyer pool for these kind of homes is very large and buyers have been waiting for these kinds of deals to come on the market. If you are in the market to buy a home this year then you will be happy to learn that most economists feel like most real estate markets have already hit the bottom and finding the "great deals" will slowly become harder to find. We don't expect prices to go steadily up like they did before the economic downturn but we do expect more and more buyers to start making offers on homes in the Laguna Beach area. Look for the short sale and bank owned homes as this is a great time to jump into the real estate market while interest rates are still low!