Laguna Beach Housing Bubble?

Posted Mar 25, 2007 @ 10:04 pm, Viewed by 732 Visitors, Read 732 Times.

Money talks in Real Estate, especially in desirable areas. The artist colony, tourist destination and ocean front community of Laguna Beach is no exception. New listings in Laguna Beach increased by 7 percent in February 2007, while the number of homes that sold remained the same in 2007 vs. 2006. While market times increased by 40 days or 75 percent, during this same time frame, the average sales price increased 18 percent to $2,249,656. 

Nice housing bubble for Laguna Beach homeowners. Looks like people with money  to buy  luxury homes in ocean front communities in Orange County are spending it despite the what the doomsayers predict.  Shame on them for not listening to the news media.

Laguna
Beach

New
Listings

Sold
Listings

Average
Sales Price

Average
DOM

February 2007

64

23

$2,249,656

110

February 2006

60

23

$1,903,646

70

The Hartanov Team, highly experienced professionals who are proficient with technology and committed to meeting your needs, offer one of the most extensive and best on-line guides for Orange County Real Estate as well as the most visited local site for San Clemente Real Estate and the surrounding beach cities coastal communities. They specialize in offering a new level of service in helping people buy and/or sell Orange County area homes, condos, Short Sales, REO Bank Owned and investment properties and 1031 exchanges.

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