According to the MLS, the number of homes newly listed for sale in Newport Beach during the two-week period of 11/14-11/28 was 29 homes.
According to the MLS, the number of homes newly listed for sale in Laguna Beach during the two-week period of 11/14-11/28 was 23 homes.
According to the MLS, the number of homes that went into escrow and/or closed in Newport Beach for the two-week period of 11/14-11/28 was 28 homes. These homes were categorized in the MLS as “backup offers,” “pending sale,” or “closed sale.”
According to the MLS, the number of homes that went into escrow and/or closed in Laguna Beach for the two-week period of 11/14-11/28 was 20 homes. These homes were categorized in the MLS as “backup offers,” “pending sale,” or “closed sale.”
Of the 29 new homes on the market in Newport Beach, the highest priced property was listed at $9,999,000. The lowest priced property was listed at $189,000.
Of the 23 new homes on the market in Laguna Beach, the highest priced property was listed at $12,000,000. The lowest priced property was listed at $318,900.
Homes identified in the MLS as being “short sale offer submitted,” “short sale/subject to lender approval,” ”in the foreclosure process,” “notice of default,” “REO/Lender-owned,” or “REO Offer(s) submitted,” currently either active listings, accepting backup offers or pending sales:
Newport Beach: 111 homes in the above categories.
Laguna Beach: 68 homes in the above categories.
Information Courtesy of Torelli Realty.
Laguna Beach Real Estate Market Update
As of Nov. 29, 27 properties have closed (10 were less than $1 million, 10 were $1 million to $2 million, and 7 were more than $2 million, with 5 of those being in the low $2 million).
3 were short sales and 4 were foreclosures.
21 homes went into escrow.
16 were less than $1 million, 2 were $1 million to $2 million, and 3 were more than $2 million.
The number of listings ‘for sale’ has decreased to 270 properties. 135 are more than $2 million.
12 percent of homes for sale are distressed properties, which is low compared to 35 percent county-wide.
There are 9 properties for sale in foreclosure, which is consistent.
There are 24 short sale listings, which is consistent.
52 properties had price decreases month to date, which is less than the average of 75 the last six months..
Information, courtesy of Sean McCracken, agent with Surterre Properties. Data captured Nov.29, 2011 from the SoCal mls smccracken@surterreproperties.com ; phone 949-290-5317 www.welcometothedream.com
