Laguna Beach Real Estate Market Trends - Is It A Good Time To Buy?

Posted by Sam Smith on Monday, April 25th, 2011 at 4:29pm.

Many people are asking if it is a good time to invest in Laguna Beach real estate?  The following information was collected from which evaluates the Laguna Beach Real Estate market. The median sales price for homes in Laguna Beach CA for Jan 11 to Mar 11 was $912,500. This represents a decline of 17.2%, or $189,000, compared to the prior quarter and a decrease of 16.2% compared to the prior year.  So according to this we can gather that home prices have come down and the affordability of Laguna Beach homes has come down by nearly $200,000.  Now, when you look at a longer term range we see that sales prices have depreciated 34.3% over the last 5 years in Laguna Beach.   So in essence, property values have come down by nearly a third the last 5 years.  Now on the flip side of things we are seeing the average listing price for Laguna Beach homes for sale on Trulia was $3,328,250 for the week ending Apr 13, which represents a decline of 0.3%, or $9,823, compared to the prior week and an increase of 1.1%, or $37,772, compared to the week ending Mar 23. Average price per square foot for Laguna Beach CA was $1,120, an increase of 9.4% compared to the same period last year.  So it seems like Laguna Beach owners are still listing their homes at comparable prices but those will to sell are willing to negotiate to get their home sold.  So don't let the list price scare you if you are thinking about investing in Laguna Beach Real Estate.  With property values down over a third in the last 5 years it appears to be a great time to buy.  Real Estate in Laguna Beach has always been desirable and it's uncertain what will happen in the next 5 years but we can speculate that property values will go up in the next 5 to 10 years.  With the rise of Laguna Beach Short Sales now has never been a great time to buy a home under market value.

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