CREG_11.24.23 | Page 20

MARKET ACTIVITY LAGUNA BEACH | NOVEMBER 2023

BOB CHAPMAN WHEN EXPERIENCE MATTERS ... NOW MORE THAN EVER !

MARKET ACTIVITY LAGUNA BEACH | NOVEMBER 2023

AUTUMN 2023 IS HERE , STILL A MIXED MARKET ? WHAT ’ S NEXT ? 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL NOW
2023 [ 1 / 01 / 2023 - 10 / 31 / 2023 ] CLOSED SALES ( 216 ) ↓ DOWN -26 % OVER 2022 ( 294 )
MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : ↓ DOWN 6 % - 13 % FROM 2022 , BUT STILL ↑ UP 4 % - 55 % OVER EACH OF THE PREVIOUS 5 YEARS .
MEDIAN $
RATE
AVERAGE $
RATE
2023 MEDIAN PRICE IS

$ 2,800,000
2022
$ 3,000,000
-6%
2021
$ 2,670,000
+ 4 %
2020
$ 2,000,000
+ 40 %
2019
$ 1,900,000
+ 47 %
2023 AVERAGE PRICE IS

$ 3,712,260
2022
$ 4,137,885
-10%
2021
$ 3,497,338
+ 6 %
2020
$ 2,724,349
+ 36 %
2019
$ 2,672,437
+ 38 %
VERSUS
2018
$ 1,842,000
+ 52 %
2017
$ 1,800,000
+ 55 %
VERSUS
2018
$ 3,121,740
+ 18 %
2017
$ 2,436,005
+ 52 %
ACTIVE INVENTORY IS STILL AT HISTORIC LOW LEVELS , BUT INCREASING
THE MARKET IS STILL RECALIBRATING LAGUNA BEACH 2022 & 2023 MONTHLY CLOSED SALES YEAR OVER YEAR SLOWING
MONTH # OF SALES MONTH # OF SALES % CHANGE MONTH # OF SALES MONTH # OF SALES % CHANGE
May-23
30
vs
May-22
35
-14%
Jun-23
18
vs
Jun-22
23
-21%
Jul-23
20
vs
Jul-22
14
+ 42 %
Aug-23
25
vs
Aug-22
41
-39%
Sep-23
28
vs
Sep-22
20
+ 40 %
Oct-23
17
vs
Oct-22
19
-10%
Oct-23 17
vs
Oct-22
19
-10%
vs
Oct-21
38
-55%
vs
Oct-20
45
-62%
vs
Oct-19
40
-57%
vs
Oct-28
26
-34%
vs
Oct-17
42
-59%
LAGUNA BEACH | CLOSED MLS SALES SEPTEMBER : 10 / 1 / 2023 - 10 / 31 / 2023
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
145 Emerald Bay
5 | 7
8,450
$ 25,000,000 10 / 30 / 2023
31505 Eagle Rock Way
3 | 3
4,375
$ 2,000,000 10 / 24 / 2023
475 Thalia Street
3 | 3
4,144
$ 2,250,000
10 / 23 / 2023
2526 Monaco Drive
4 | 5
11,564
$ 11,000,000 10 / 23 / 2023
502 San Nicholas Court
2 | 3
$ 750,000
10 / 18 / 2023
711 Bluebird Canyon Drive
3 | 3
5,900
$ 3,000,000
10 / 17 / 2023
195 High Drive
4 | 3
6,662
$ 2,100,000
10 / 17 / 2023
1275 Skyline Drive
3 | 2
10,038
$ 3,450,000
10 / 13 / 2023
560 Anita Street
5 | 3
5,227
$ 3,000,000
10 / 12 / 2023
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
21701 Wesley Drive # D
2 | 1
$ 910,000
10 / 12 / 2023
31721 Seacliff Drive
4 | 5
13,944
$ 12,800,000 10 / 12 / 2023
1998 San Remo Drive
4 | 4
7,700
$ 3,530,000
10 / 11 / 2023
119 Blue Lagoon
2 | 3
1,082
$ 2,210,000
10 / 5 / 2023
31955 Coast Highway
3 | 4
17,143
$ 5,800,000
10 / 5 / 2023
370 Los Olivos
3 | 3
6,206
$ 3,300,000
10 / 4 / 2023
371 El Camino Del Mar
3 | 4
6,785
$ 3,675,000
10 / 4 / 2023
1025 Oro Street
3 | 3
2,500
$ 1,525,000
10 / 3 / 2023
Individual and Personal Attention from Listing to Closing , Selling or Buying
Based on information from California Regional Multiple Listing Service , Inc . as of 09 / 15 / 2023 and / or other sources . All data , including all measurements and calculations of area , is obtained from various sources and has not been , and will not be , verified by broker or MLS . All information should be independently reviewed and verified for accuracy . Properties may or may not be listed by the office / agent presenting the information . If your property is currently listed for sale , this is not intended as a solicitation of that listing .
BOB CHAPMAN
949 541 1223 bobchapman @ coastlaguna . com DRE No . 00714528