Low inventory has been on the minds of anyone looking for the perfect home in Laguna Niguel this summer. It is hard enough to find a home you like, let alone your perfect home. Is it any wonder why the upgraded properties and “flips” go quickly?
Astonishingly the number of “attached” condos and townhomes is way down. There are 47 active attached homes in all of Laguna Niguel to look at and 46 closed in the last 30 days. That is equivalent to one month supply. That would qualify as a “sellers market”. In general, active home inventory for all homes is 40% less than last January.
If you are looking for a “detached” home there are 118 active in all price ranges. There are only 69 “detached” homes to choose from below one million dollars. That is a shortage as well. Thirty-seven of those 118 are above $1.5 million and thirteen of those are over $2.5 million. Ron Buck, Realtor, would be happy to show these Laguna Niguel homes to you.
Ron Buck, real estate professional, always say that Laguna Niguel is a wonderful place to live and some of those areas are truly spectacular. The largest and most expensive home for sale currently is 24,000 sq ft and priced at $21 million. Ron Buck has visited museums smaller than this beautiful residential estate. There are five homes above $2.5 million for sale in Bear Brand Ranch which boasts large lots and ocean views. All those homes have lots larger than one half acre and one has a three acre lot. If you haven’t noticed, land is at a premium in our area.
Another area is Ocean Ranch which is guard gated and currently has six custom homes over $2.5 million. There is one home over $2.5 million in Palmilla which is on Niguel Summit at the top end of Niguel Road, and there is one home over $2.5 million in the guard gated community of Laguna Sur which is also on Niguel Summit above Monarch Pointe. Seven homes over $2.5 million have sold so far this year, which is about one per month. That means we have about one year’s worth of inventory at the high end.
Have a great summer and dream on.