I was showing a Laguna Beach home for sale listed at $18,000,000 in the South Laguna Village community of Laguna Beach, California today. The property is a new construction (spec) home and is also the most expensive foreclosure property in Laguna Beach. It doesn't take $18 million to buy a foreclosure home here in Laguna Beach, however you will find a wide range of properties in the upper price range. Currently there are 32 distressed sales on the market in Laguna Beach and nineteen of the homes are over 1 Million Dollars in price. Laguna Beach has seen a increase in sales of approximately 19% and with this increase we are also seeing a influx of all cash buyers looking for great deals on Laguna Beach Ocean View homes. My past three escrows have been buyers from the East Coast trying to escape the cold winters. If you are looking for a short sale or foreclosure in Laguna Beach you willl however have competition. Its not uncommon to see ten offers come in on a highly desirable property. You will need to be pre-qualified and have your paperwork in order and submit your offer quickly to have a opportunity to purchase one of these homes. It is also helpful to have a experienced local agent working with you on your transaction. For more information on distressed homes in Laguna Beach you may contact Denise De La Torre of Beach Cities Real Estate at 949-355-1622.