LBindy_6.7.24 | Page 9

MARKET ACTIVITY LAGUNA BEACH | JUNE 2024
lagunabeachindy . com JUNE 7 , 2024 9

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

MARKET ACTIVITY LAGUNA BEACH | JUNE 2024

THE SUMMER SEASON , WHAT ’ S NEXT FOR 2024 ? MORTGAGE RATES ? INVENTORY ? 2021 & 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL 2023
2024 [ 1 / 01 / 2024 - 5 / 31 / 2024 ] CLOSED SALES ( 123 ) UP + 13 % OVER 2023 ( 108 ) MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : 2024 MEDIAN PRICES UP 7 % VS 2023 , AND UP AS MUCH AS 66 % OVER PREVIOUS YEARS
MEDIAN $ RATE
AVERAGE $ RATE
2024 MEDIAN PRICE IS

$ 3,075,000
2023
$ 2,850,000
+ 7 %
2022
$ 3,000,000
+ 2 %
2021
$ 2,670,000
+ 15 %
2020
$ 2,000,000
+ 53 %
2024 AVERAGE PRICE IS

$ 4,442,965
2023
$ 3,644,930
+ 21 %
2022
$ 4,137,885
+ 7 %
2021
$ 3,497,338
+ 27 %
2020
$ 2,724,349
+ 63 %
VERSUS
2019
$ 1,900,000
+ 61 %
2018
$ 1,842,000
+ 66 %
VERSUS
2019
$ 2,672,437
+ 66 %
2018
$ 3,121,740
+ 42 %
ACTIVE INVENTORY IS STILL AT HISTORIC LOW LEVELS , BUT SLOWLY 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
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 %
May-24
30
vs
May-23
30
0 %
May-24 30
vs
May-23
30
0 %
vs
May-22
35
-14%
vs
May-21
54
-44%
vs
May-20
17
+ 76 %
vs
May-19
41
-26%
vs
May-18
29
-3%
LAGUNA BEACH | CLOSED MLS SALES MAY : 5 / 1 / 2024 - 5 / 31 / 2024
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
1596 Del Mar Avenue
2
2
2,675
$ 1,600,000
5 / 30 / 24
277 Pearl Street
3
3
7,500
$ 5,025,000
5 / 30 / 24
2677 Solana Way
2
3
1,500
$ 3,062,500
5 / 29 / 24
31755 Coast Highway
2
2
$ 2,700,000
5 / 29 / 24
1390 Dunning Drive
3
2
6,420
$ 2,185,000
5 / 24 / 24
705 Gainsborough Place
4
4
7,342
$ 7,500,000
5 / 24 / 24
1811 Ocean Way
4
4
7,257
$ 8,200,000
5 / 24 / 24
648 Canyon View Drive
6
7
54,014
$ 18,250,000
5 / 24 / 24
319 Viejo Street
3
4
4,480
$ 5,650,000
5 / 24 / 24
883 Santa Ana Street
3
2
2,500
$ 2,295,000
5 / 23 / 24
1797 Temple Hills Drive
4
3
11,568
$ 4,850,000
5 / 20 / 24
1884 Del Mar Avenue
3
3
2,338
$ 2,095,000
5 / 17 / 24
1073 Gaviota Drive
5
3
3,049
$ 7,225,000
5 / 17 / 24
16 Lagunita Drive
5
8
14,700
$ 25,975,000
5 / 16 / 24
2260 Park Avenue
5
5
14,250
$ 7,100,000
5 / 15 / 24
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
31165 Holly Drive
3
4
5,000
$ 3,600,000
5 / 15 / 24
1415 Emerald Bay
4
4
9,102
$ 14,000,000
5 / 14 / 24
1474 Terrace Way
3
2
7,475
$ 2,995,000
5 / 13 / 24
30 N . Portola
2
1
4,000
$ 5,000,000
5 / 13 / 24
217 Santa Rosa Court
3
3
$ 920,000
5 / 8 / 24
994 La Mirada Street
3
4
5,000
$ 2,900,000
5 / 8 / 24
1415 Bluebird Canyon Drive
1
2
8,450
$ 1,690,000
5 / 7 / 24
2844 Chateau Way
3
2
7,210
$ 2,400,000
5 / 7 / 24
682 Alta Vista Way
2
2
2,840
$ 1,750,000
5 / 6 / 24
31561 Table Rock Drive
2
2
$ 2,300,000
5 / 6 / 24
31792 Florence Avenue
3
3
3,150
$ 2,375,000
5 / 6 / 24
565 Lombardy Lane
2
1
1,742
$ 1,850,000
5 / 3 / 24
501 Lombardy Lane
2
2
2,884
$ 2,050,000
5 / 3 / 24
540 Alta Vista Way
3
5
4,837
$ 3,520,000
5 / 2 / 24
21712 Wesley Drive # Unit
1
1
$ 1,199,000
5 / 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 6 / 4 / 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