According to the MLS, the number of homes newly listed for sale in Newport Beach during the two-week period of 8/29-9/12 was 51 homes.
According to the MLS, the number of homes newly listed for sale in Laguna Beach during the two-week period of 8/29-9/12 was 26 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 8/29-9/12 was 37 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 8/29-9/12 was 15 homes. These homes were categorized in the MLS as “backup offers,” “pending sale,” or “closed sale.”
Of the 51 new homes on the market in Newport Beach, the highest priced property was listed at $6,995,000. The lowest priced property was listed at $275,000.
Of the 26 new homes on the market in Laguna Beach, the highest priced property was listed at $13,700,000. The lowest priced property was listed at $639,000.
The number of 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: 115 homes in the above categories
Laguna Beach: 63 homes in the above categories
Sept 13, 2011 Laguna Beach Real Estate Market Update
As of Sept 13, 6 properties have closed (2 were below $1 million, 4 were $1 million to $2 million).
1 closed sale is a foreclosure, and 1 was a short sale.
10 homes went into escrow thus far, which is off the pace of the record high of 40 last month.
Three were less than $1 million, 3 were $1 million to $2 million, and 4 were more than $2 million.
The number of listings “for sale” has leveled at 323 properties. 153 are more than $2 million.
Eight percent of homes for sale are distressed properties, which is low compared to OC’s countywide 35 percent level.
There are 7 properties for sale in foreclosure, which is consistent.
There are 18 short sale listings, which is trending down.
Thirty properties had price decreases month to date, which is consistent.
Information, courtesy of Sean McCracken, agent with Surterre Properties. Data captured Sept 13, 2011.
smccracken@surterreproperties.com ; phone 949-290-5317 www.welcometothedream.com
