CREG_5.17.24 | Page 2

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

MARKET ACTIVITY LAGUNA BEACH | MAY 2024

SPRING IS HERE , WHAT ’ S NEXT FOR 2024 ? MORTGAGE RATES ? INVENTORY ?
2021 & 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL 2023
2024 [ 1 / 01 / 2024 - 4 / 30 / 2024 ] CLOSED SALES ( 93 ) UP + 19 % OVER 2023 ( 78 ) MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : 2024 MEDIAN PRICES UP 8 % VS 2023 , AND UP AS MUCH AS 68 % OVER PREVIOUS YEARS
MEDIAN $ RATE
AVERAGE $ RATE
2024 MEDIAN PRICE IS

$ 3,100,000
2023
$ 2,850,000
+ 8 %
2022
$ 3,000,000
+ 3 %
2021
$ 2,670,000
+ 16 %
2020
$ 2,000,000
+ 55 %
2024 AVERAGE PRICE IS

$ 4,238,959
2023
$ 3,644,930
+ 16 %
2022
$ 4,137,885
+ 2 %
2021
$ 3,497,338
+ 21 %
2020
$ 2,724,349
+ 55 %
VERSUS
2019
$ 1,900,000
+ 63 %
2018
$ 1,842,000
+ 68 %
VERSUS
2019
$ 2,672,437
+ 58 %
2018
$ 3,121,740
+ 35 %
ACTIVE INVENTORY IS STILL AT HISTORIC LOW LEVELS , BUT INCREASING
THE MARKET IS STILL RECALIBRATING LAGUNA BEACH 2024 & 2023 MONTHLY CLOSED SALES YEAR OVER YEAR INCREASING
MONTH # OF SALES MONTH # OF SALES % CHANGE MONTH # OF SALES MONTH # OF SALES % CHANGE
Nov-23
23
vs
Nov-22
16
+ 43 %
Dec-23
18
vs
Dec-22
12
+ 50 %
Jan-24
16
vs
Jan-23
17
-1%
Feb-24
24
vs
Feb-23
12
+ 100 %
Mar-24
24
vs
Mar-23
22
+ 9 %
Apr-24
29
vs
Apr-23
27
+ 7 %
Apr-24 29
vs
Apr-23
27
+ 7 %
vs
Apr-22
37
-21%
vs
Apr-21
60
-51%
vs
Apr-20
15
+ 93 %
vs
Apr-19
34
-14%
vs
Apr-18
42
-30%
LAGUNA BEACH | CLOSED MLS SALES APRIL : 4 / 1 / 2024 - 4 / 30 / 2024
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
2967 Alta Laguna Blvd
4
2
7,500
$ 3,180,000
4 / 29 / 24
757 Coast View Drive
4
4
4,335
$ 4,275,000
4 / 27 / 24
1305 Skyline Drive
4
5
8,692
$ 4,287,070
4 / 26 / 24
1547 N . Coast Highway
2
2
$ 1,900,000
4 / 25 / 24
1140 Katella Street
3
3
2,500
$ 2,665,000
4 / 23 / 24
1313 Morningside Drive
4
3
17,719
$ 3,310,000
4 / 22 / 24
1455 Bluebird Canyon
2
1
3,116
$ 1,287,500
4 / 22 / 24
92 S . La Senda Drive
4
4
8,284
$ 11,995,000
4 / 19 / 24
32416 Coast Highway
3
4
6,000
$ 2,500,000
4 / 18 / 24
968 Oriole Drive
3
3
6,076
$ 2,839,000
4 / 18 / 24
11 N . Vista De Catalina
4
3
6,469
$ 5,200,000
4 / 17 / 24
15 Smithcliffs Road
4
9
9,761
$ 11,500,000
4 / 16 / 24
28 N . Stonington Road
5
4
6,174
$ 3,500,000
4 / 13 / 24
18 S . Stonington Road
3
2
6,000
$ 3,330,000
4 / 12 / 24
323 Magnolia Drive
4
3
6,000
$ 3,800,000
4 / 12 / 24
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
30731 Marilyn Drive
3
3
8,330
$ 4,475,000
4 / 12 / 24
2790 Solana Way
2
2
1,800
$ 1,600,000
4 / 11 / 24
1435 Mar Vista Way
3
3
8,100
$ 1,750,000
4 / 10 / 24
740 Bolsana Drive
4
5
8,110
$ 6,600,000
4 / 10 / 24
28852 Alta Laguna Blvd
3
2
4,601
$ 2,300,000
4 / 10 / 24
26 Lagunita Drive
5
5
7,650
$ 9,995,000
4 / 9 / 24
28 Lagunita Drive
4
4
8,750
$ 9,300,000
4 / 5 / 24
1234 La Mirada Street
2
2
5,000
$ 2,500,000
4 / 4 / 24
1645 Tahiti Avenue
4
4
15,360
$ 5,450,000
4 / 3 / 24
1229 Temple Hills Drive
4
3
9,240
$ 2,950,000
4 / 2 / 24
2755 Temple Hills Drive
3
2
8,798
$ 2,300,000
4 / 2 / 24
2450 Monaco Drive
4
4
12,669
$ 12,000,000
4 / 2 / 24
830 Temple Hills Drive
4
3
7,409
$ 4,000,000
4 / 1 / 24
31423 Coast Highway # 88
2
2
4,792
$ 2,450,000
4 / 1 / 24
Individual and Personal Attention from Listing to Closing , Selling or Buying
Each office is independently owned and operated . DRE # 01767484 . Based on information from California Regional Multiple Listing Service , Inc . as of 5 / 7 / 2024 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