Laguna Canyon Homes For Sale

We are starting to see a turn in the real estate market as mortgage interest rates continue to go higher which ultimately slow down the number of properties selling.  Another major factor is the number of buyers would need the assistance of getting a loan in order to buy a home are now not participating in the market but the cost of mortgage payments have almost doubled since last year.  This is around the time where we start to see creative financing being offered as the cost of getting a loan is to expensive for most buyers.  One option that is coming around again is seller financing which negates the need to get a traditional mortgage loan from the bank.  Let me explain how this typically works.

First, the owner of the property essentially becomes

What a year 2021 has been for real estate sales in the Laguna Beach area of Orange County, California.  There were several reasons for the strong year that included record low interest rates, a low inventory of available homes on the market at any given time and the huge buyer demand for homes that started just months after the Covid stay at home order in March 2020.  The Laguna Canyon area is still one of the best and most affordable places to find homes that are located within the city limits of Laguna Beach.  This zip code is very much in high demand due to it's excellent schools and prestige of living in one of the most beautiful beach towns in Southern California.  

The lowest priced sale this far in 2021 has been located in the Terraces community

One of the newest features added to our MLS is being able to view coming soon listings.  These properties are technically not active on the market and are in the pre-marketing stage of being put on the market.  The coming soon feature was added so agents can get there home available to other real estate agents and potential clients while they are getting their professional photos and other marketing materials together.  The advantage of doing it this way for agents is that the days on the market will not start counting until it's officially switches to active.  If you have been familiar with real estate for awhile these were commonly known as pocket listings where real estate agents would only share these potential properties to clients they are currently

One of the hottest trends right now are 3D virtual home tours.  Since most showings are very limited agents in Laguna Beach are now making sure they every listing they have on the market comes with a virtual tour.  We checked all of the recent listings in Laguna Beach that have come on the market in the last week and every single one had a virtual tour.  The most popular virtual tour company by far is by Matterport which shows a 3D image of the property as if you were looking above the house and allows the consumer to walk through every single room as if they were at the house.  This makes a lot of sense since we have been getting a lot of calls lately of potential buyers asking for the virtual tour links of any given property.

One of the additional

We were just contacted by a client who is looking for off market condos in the Laguna Beach area.  Her main criteria is that she wanted a condo with spectacular views with a lot of building amenities.  Right now is considered our off season as many owners have decided to take their home off the market for the holidays.  Our typical selling season starts right after the first of the year and continues through the end of September.  The months of October, November and December are normally slower even through homes continue to sell just at a slower pace.  Even though a lot of owners take their home off the market for the holidays doesn't mean that they don't want to sell anymore.  A good real estate agent will have access to these properties and be able to

Buying a home in Laguna Beach can be tricky when deciding on which neighborhood to live and the best time to buy.  There are pros and cons to buying at different times of the year in Laguna Beach and often depends on how the current real estate market is doing.  It's first important to establish if the market is a buyers or a seller's market.  A buyers market means that homes will sit on the market longer than usual.  Buyers don't have to rush into buying a home and can often negotiate with the seller off the listing price.  In a seller's market properties are selling very fast and the owners are in control on who they sell it and the price they think the market will bear.  

Most of the homes in Laguna Beach will come on the market between January

When Real Estate agents take a listing it is usually for a 6 or 12 month period.  Of course, this can be any length of time that the owner wants as we have seen it as short as one month when the owner really wants to get it sold right away.  After this set amount of time when the property does not sell it goes off the market and is considered an "expired listing."  Be prepared when this happens as dozens of real estate agents who's sole job is to call on expired listings will start calling you non-stop the morning after the home expires.  

These agents make a living trying to convince owners why their home didn't sell and to use them the next time around.  What most seller's don't realize is that these types of agents have very good phone skills but

Laguna Beach has a wide variety of homes from oceanfront mansions to modern ocean view homes.  While the large majority of homes are located near the beach there are also some homes located in a canyon setting outside of town.  The Canyon Acres community is one such neighborhood that embodies the life of country living while still being located within an easy 10 to 15 minutes to the beach depending on traffic.  Homes were first built here starting in 1926 when a small 2 bedroom, 1 bath cottage was built here.  Soon after that in the following 10 years several more 2 bedroom beach cottages were built that often featured around 1,000 square feet of living space.  Over the years, especially in the 1950's and 60's is when you started to see the development of

Laguna Beach is widely known for having very expensive land that causes homes to be located close to each other and built on small residential lots.  Many of these homes were built during the turn of the century as small vacation cottages from those who lived in the Los Angeles area.  It's not uncommon to find a 400 square foot home in the South Laguna area and commonly referred to as a "Laguna Beach Charmer" that typically features a small living room, kitchen, bathroom and a small bedroom.  Even with the small square footages these homes can be very expensive with the average medium price for a single family home starting at $600,000.

One of the most unusual tiny house that's currently on the market is located in the North Laguna area and situated

A live auction of a California Cove home will be taking place on April 5th at 12pm with a starting bid at $650,000 for a three bedroom single family home in Laguna Beach!  The home offers three large bedrooms plus a bonus loft with two and a half bath with a total 1,665 square feet of living space.  The home is very light and bright with a lot of windows and wonderful vaulted ceilings in the living room.  A floor to ceiling fireplace accents these large windows with a nice spiral staircase leading to the second level of the home.  The Master bedroom is large and comes with it's own private deck.  There is also a nice courtyard area to the home.

The California Cove community is ideally located off the 73 freeway in Laguna Beach and is approximately 15