According to the MLS, the number of homes newly listed for sale in Newport Beach during the two-week period of 9/5-9/19 was 46 homes.
According to the MLS, the number of homes newly listed for sale in Laguna Beach during the two-week period of 9/5-9/19 was 18 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 9/5-9/19 was 30 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 9/5-9/19 was 19 homes. These homes were categorized in the MLS as “backup offers,” “pending sale,” or “closed sale.”
Of the 46 new homes on the market in Newport Beach, the highest priced property was listed at $3,495,000. The lowest priced property was listed at $275,000.
Of the 18 new homes on the market in Laguna Beach, the highest priced property was listed at $3,945,000. 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.” These homes are currently either active listings, accepting backup offers or pending sales:
Newport Beach: 112 homes in the above categories
Laguna Beach: 62 homes in the above categories
Sept 20, 2011 Laguna Beach Real Estate Market Update
As of Sept 20, 13 properties have closed (4 were below $1 million, 8 were between $1 million to $2 million, and 1 was over $2 million)
1 closed sale is a foreclosure, and 2 were short sales
19 homes went into escrow thus far which is off the pace of the record high of 40 last month
4 were less than $1 million, 7 were between $1 million and $2 million, and 8 are above $2 million
The number of listings ‘for sale’ has decreased to 310 properties. 146 are over $2 million.
8 percent of homes for sale are distressed properties, which is low compared to OC 35 percent
There are 7 properties for sale in foreclosure which is consistent.
There are 20 short sale listings, which is trending down.
50 properties had price decreases month to date which is consistent.
Information, courtesy of Sean McCracken, agent with Surterre Properties. Data captured Sept 20, 2011.
smccracken@surterreproperties.com ; phone 949-290-5317 www.welcometothedream.com
