LBindy_8.9.24 | Page 9

MARKET ACTIVITY LAGUNA BEACH | AUGUST 2024
lagunabeachindy . com AUGUST 9 , 2024 9

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

MARKET ACTIVITY LAGUNA BEACH | AUGUST 2024

HOT AUGUST NIGHTS , TEMPERATURES RISING , MORTGAGE RATES FALLING ? INVENTORY UP 2021 & 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL 2023
2024 [ 01 / 01 / 2024 - 7 / 31 / 2024 ] CLOSED SALES ( 173 ) UP + 17 % OVER 2023 ( 147 ) 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

$ 4,268,044
2023
$ 3,644,930
+ 17 %
2022
$ 4,137,885
+ 3 %
2021
$ 3,497,338
+ 22 %
2020
$ 2,724,349
+ 56 %
VERSUS
2019
$ 1,900,000
+ 61 %
2018
$ 1,842,000
+ 66 %
VERSUS
2019
$ 2,672,437
+ 59 %
2018
$ 3,121,740
+ 36 %
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
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 %
Jul-24
22
vs
Jul-23
21
+. 4 %
Jun-24 22
vs
Jul-23
21
+. 4 %
vs
Jul-22
14
+ 57 %
vs
Jul-21
52
-57%
vs
Jul-20
48
-54%
vs
Jul-19
35
-37%
vs
Jul-18
34
-35%
LAGUNA BEACH CLOSED MLS SALES JULY 2024 : 7 / 01 / 2024 - 7 / 31 / 2024
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
21777 Ocean Vista Dr # 28
2
3
-
$ 1,599,000
7 / 30 / 24
30 S . La Senda Drive
4
5
11,193
$ 18,800,000
7 / 30 / 24
611 Griffith Way
4
4
4,792
$ 2,200,000
7 / 29 / 24
470 Flora Street
4
3
6,000
$ 4,200,000
7 / 26 / 24
508 Linden Street
4
5
6,000
$ 5,750,000
7 / 26 / 24
1029 Glenneyre Street
2
1
2,500
$ 2,025,000
7 / 25 / 24
1104 Baja Street
3
3
2,500
$ 2,195,000
7 / 25 / 24
31561 Table Rock Dr # 212
2
2
-
$ 4,800,000
7 / 24 / 24
31161 Monterey Street
3
4
6,336
$ 4,680,000
7 / 23 / 24
1401 Coral Drive
2
2
7,650
$ 2,900,000
7 / 19 / 24
1351 La Mirada Street
3
3
3,800
$ 3,650,000
7 / 19 / 24
ADDRESS
BED
BATH
LOT SIZE
PRICE
SOLD DATE
490 Alta Vista Way
2
2
1,850
$ 2,100,000
7 / 17 / 24
1549 N . Coast Highway
2
2
-
$ 2,025,000
7 / 17 / 24
2855 Chateau Way
4
3
8,268
$ 4,000,000
7 / 16 / 24
515 Alta Vista Way
5
4
5,238
$ 7,250,000
7 / 16 / 24
21682 Ocean Vista Dr # D
2
1
-
$ 1,190,000
7 / 16 / 24
626 Anita Street
3
2
2,480
$ 2,775,000
7 / 15 / 24
2835 Chillon Way
3
2
7,500
$ 2,850,000
7 / 12 / 24
177 Crescent Bay Drive
4
6
5,000
$ 7,450,000
7 / 11 / 24
2395 Temple Hills Drive
4
3
33,759
$ 2,875,000
7 / 10 / 24
855 La Mirada Street
4
3
3,750
$ 3,350,000
7 / 5 / 24
32041 Point Place
4
3
2,427
$ 3,775,000
7 / 1 / 24
Individual and Personal Attention from Listing to Closing , Selling or Buying
BOB CHAPMAN
949 541 1223 bobchapman @ coastlaguna . com DRE No . 00714528
MONTHLY MARKET ACTIVITY REPORTS
2024 & 2023
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 .