Interested in Laguna Beach Real Estate? First, let’s learn a bit more about this beautiful coastal city. Well known for its artistic community, Laguna Beach holds annual events and festivals including Pageant of the Masters – living pictures art recreation, Festival of the Arts, Art-A-Fair, and Sawdust Festival.
There are a total of 28 beaches, bays and coves along the Laguna Beach coast nestled between Newport Beach and Dana Point making the city a bonafide tropical resort. There is also an abundance of natural beauty to enjoy at the public beaches and city parks. Famous former residents of Laguna Beach, CA include actor Rock Hudson, author John Steinbeck and Timothy Leary, psychologist and LSD advocate of the 1960’s.
A great way to get the feel for a city is to look at a snapshot of the population and lifestyle. We did a Lifestyle Search of Laguna Beach and here are the city highlights. Laguna Beach, CA has a population of 28,987 and there are a total of 13,143 households, 23% with children. The average resident is 46 years old, has an average income of $171,078 per year and the average home value is $947,561.
Now for some market stats on Laguna Beach homes for sale. Last month the average sale price of a home in Laguna Beach, CA was $936,000 and the average days on market decreased to 103. Active inventory and sold inventory has risen year-over-year. With prices down and inventory up, it’s a buyer’s market in Laguna Beach right now!
Active inventory represents the number of homes for sale that are listed on the MLS (Multiple Listing Service) and right now listings are up in Laguna Beach meaning buyers have more options when choosing a home.
Pending inventory represents the number of properties in escrow or those that are in the process of closing buyer deals. Sold inventory represents the number of closed escrows and total sales, giving us a true history of the market.
The average sales price is calculated by averaging sold properties in the area over the last 30 days. Right now sale price are down in Laguna Beach from last month and year-over-year which means buyers have more leverage and negotiating power, correlated with a higher inventory.
Days on market is the period of time a between when a property is first listed on the MLS and when it is taken off the market or sold.
For more information on Laguna Beach homes for sale and the community, contact the local experts at our Laguna Beach First Team Office. They’ve got the scoop on the best beach houses, new listings, recent price reductions and more. Call or email us now and we’ll set you up with the top agents who can get you into the Laguna Beach home of your dreams!
