Where are the homes?
Yes, low active real estate inventory is still the buzz, but where are the active listings priced? These statistics might surprise you, they did me.
Laguna Niguel has one hundred active detached homes for sale on April 11th. Forty-five are below one million dollars, twenty seven are between one & two million, ten are between two & three million and eighteen are above three million. Wow! Now considering that there are eighty-four pending sales under one million it is no wonder homes are selling quickly. From one million and up there are fifty-five active listings and only nineteen in escrow.
Dana Point has ninety active detached homes listed and amazingly only fifteen are below one million dollars. Thirty-seven are in escrow under a million. 55% of the active listings in Dana Point are OVER two million. Wow again!
If you are shopping for a detached home under $750,000, you will only find twenty-four active listings in Laguna Niguel AND Dana Point combined.
Laguna Niguel has thirty-one condos for sale with sixty-six in escrow. Dana Point has twenty-nine condos for sale with twenty-eight in escrow.
Real estate sales and values are always a function of supply and demand. Remember “price” is what is being asked and “value” is determined by the buyers, whether above or below the list price.
Ron Buck, Realtor®
Ron Buck has been a real estate broker for 16 years
with over 450 successfully completed transactions.
He is a 11-year resident of Laguna Niguel
and is an expert in south Orange County real estate. You can contact him at Ron@JonRonRealEstate.com or 949.456.0505.