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MARKET ACTIVITY LAGUNA BEACH | JULY 2024
lagunabeachindy . com JULY 5 , 2024 9

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

MARKET ACTIVITY LAGUNA BEACH | JULY 2024

THE SUMMER SEASON , WHAT ’ S NEXT FOR 2024 ? MORTGAGE RATES ? INVENTORY ? 2021 & 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL 2023
2024 [ 01 / 01 / 2024 - 6 / 30 / 2024 ] CLOSED SALES ( 151 ) UP + 19 % OVER 2023 ( 126 ) 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

$ 4,277,700
2023
$ 3,644,930
+ 17 %
2022
$ 4,137,885
+ 3 %
2021
$ 3,497,338
+ 22 %
2020
$ 2,724,349
+ 57 %
VERSUS
2019
$ 1,900,000
+ 61 %
2018
$ 1,842,000
+ 66 %
VERSUS
2019
$ 2,672,437
+ 60 %
2018
$ 3,121,740
+ 37 %
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
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 %
Jun-24
28
vs
Jun-23
18
+ 55 %
Jun-24 28
vs
Jun-23
18
+ 55 %
vs
Jun-22
23
+ 21 %
vs
Jun-21
63
-55%
vs
Jun-20
37
-24%
vs
Jun-19
34
-17%
vs
Jun-18
41
-31%
LAGUNA BEACH | CLOSED MLS SALES JUNE 2024 : 6 / 01 / 2024 - 6 / 30 / 2024
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
1959 Temple Hills Drive
4
4
7,632
$ 3,960,000
6 / 30 / 24
843 Acapulco Street
3
2
2,500
$ 2,150,000
6 / 28 / 24
2708 Temple Hills Drive
4
3
9,020
$ 3,230,000
6 / 28 / 24
2060 Temple Hills Drive
4
3
8,100
$ 3,325,000
6 / 28 / 24
1201 Emerald Bay
3
4
8,080
$ 8,830,000
6 / 28 / 24
21722 Ocean Vista Dr # G
2
1
$ 1,120,000
6 / 28 / 24
22212 Paseo Del Sur
3
2
10,530
$ 2,576,788
6 / 25 / 24
536 Legion Street
3
2
4,000
$ 2,350,000
6 / 24 / 24
1593 Tahiti Avenue
3
2
14,000
$ 3,600,000
6 / 24 / 24
3 Stickley Drive
3
4
$ 8,000,000
6 / 24 / 24
1541 N . Coast Hwy . # 17
2
2
$ 1,950,000
6 / 21 / 24
524 Park Avenue
2
2
2,040
$ 1,600,000
6 / 20 / 24
1080 Noria Street
3
2
5,000
$ 2,345,000
6 / 18 / 24
556 Through Street
2
1
6,000
$ 2,422,222
6 / 18 / 24
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
464 El Bosque
3
3
6,480
$ 4,100,000
6 / 17 / 24
2669 Nido Way
4
2
4,500
$ 2,117,000
6 / 14 / 24
2329 Crestview Drive
4
4
7,080
$ 6,625,000
6 / 14 / 24
400 Panorama Drive
2
2
7,392
$ 3,525,000
6 / 14 / 24
31656 Wildwood Road
2
1
2,100
$ 1,650,000
6 / 14 / 24
2696 Queda Way
2
2
1,271
$ 1,700,000
6 / 12 / 24
1450 Morningside Drive
3
2
10,790
$ 2,710,000
6 / 10 / 24
2412 Lomita Way
4
5
13,950
$ 9,400,000
6 / 7 / 24
276 Chiquita Street
5
4
8,999
$ 3,087,000
6 / 7 / 24
1017 Santa Ana Street
3
2
2,500
$ 2,000,000
6 / 6 / 24
2549 Bonita Way
4
4
4,560
$ 3,825,000
6 / 6 / 24
366 High Drive
4
5
6,710
$ 6,100,000
6 / 5 / 24
11 Castle Rock Road
2
2
18,000
$ 1,500,000
6 / 4 / 24
31402 Ocean View Street
3
3
7,440
$ 3,650,000
6 / 3 / 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 7 / 02 / 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