LBindy_9.15.23 | Page 11

MARKET ACTIVITY LAGUNA BEACH | SEPTEMBER 2023
lagunabeachindy . com SEPTEMBER 15 , 2023 11

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

MARKET ACTIVITY LAGUNA BEACH | SEPTEMBER 2023

END OF SUMMER 2023 , A MIXED MARKET ? WHAT ’ S NEXT ? 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL NOW
2023 [ 1 / 01 / 2023 - 8 / 31 / 2023 ] CLOSED SALES ( 172 ) ↓ DOWN -32 % OVER 2022 ( 255 ) MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : DOWN FROM 2022 , BUT STILL ↑ UP 4 % - 55 % OVER EACH OF THE PREVIOUS 5 YEARS .
2023 MEDIAN PRICE IS

$ 2,800,000

VERSUS
MEDIAN $
RATE
2022
$ 3,000,000
-6%
2021
$ 2,670,000
+ 4 %
2020
$ 2,000,000
+ 40 %
2019
$ 1,900,000
+ 47 %
2018
$ 1,842,000
+ 52 %
2017
$ 1,800,000
+ 55 %
2023 AVERAGE PRICE IS

$ 3,685,202

VERSUS
AVERAGE $
RATE
2022
$ 4,137,885
-10%
2021
$ 3,497,338
+ 5 %
2020
$ 2,724,349
+ 35 %
2019
$ 2,672,437
+ 37 %
2018
$ 3,121,740
+ 18 %
2017
$ 2,436,005
+ 51 %
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
Mar-23
22
vs
Mar-22
47
-53%
Apr-23
27
vs
Apr-22
37
-27%
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%
Aug-23 25
vs
Aug-22
41
-39%
vs
Aug-21
56
-55%
vs
Aug-20
54
-53%
vs
Aug-19
27
-7%
vs
Aug-18
33
-24%
vs
Aug-17
35
-28%
LAGUNA BEACH | CLOSED MLS SALES AUGUST : 8 / 1 / 2023 - 8 / 31 / 2023
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
2017 Ocean Way
5 | 3
9,030
$ 10,325,000
8 / 30 / 2023
31851 Sunset Avenue
3 | 2
2,680
$ 2,000,000
8 / 28 / 2023
909 Summit Way
3 | 4
4,480
$ 3,505,600
8 / 25 / 2023
1034 Santa Ana Street
2 | 2
2,500
$ 1,650,000
8 / 22 / 2023
1305 Bounty Way
3 | 3
9,840
$ 5,100,000
8 / 22 / 2023
755 Pelican Drive
3 | 5
34,924
$ 4,595,000
8 / 21 / 2023
28782 Top of the World Dr .
6 | 6
206,910
$ 6,216,000
8 / 21 / 2023
237 Canyon Acres Drive
2 | 2
10,000
$ 1,600,000
8 / 18 / 2023
31641 2nd Avenue
2 | 1
2,362
$ 1,800,000
8 / 18 / 2023
1640 Hillcrest Drive
3 | 2
6,174
$ 2,607,000
8 / 17 / 2023
533 Brooks Street
4 | 3
5,050
$ 4,500,000
8 / 15 / 2023
467 Canyon Acres Drive
3 | 2
7,200
$ 1,975,000
8 / 14 / 2023
963 Oriole Drive
3 | 2
6,300
$ 2,200,000
8 / 14 / 2023
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
645 Nyes Place
3 | 3
20,424
$ 4,950,000
8 / 14 / 2023
1187 Marine Drive
4 | 5
8,160
$ 27,500,000
8 / 14 / 2023
945 Rembrandt Drive
2 | 1
4,505
$ 2,050,000
8 / 11 / 2023
21712 Wesley Drive # 7
2 | 2
NA
$ 1,620,000
8 / 11 / 2023
31431 Alta Loma Drive
5 | 5
7,442
$ 4,900,000
8 / 11 / 2023
24 La Costa Court
3 | 3
2,800
$ 1,035,000
8 / 10 / 2023
440 Linden Street
3 | 2
6,125
$ 3,300,000
8 / 9 / 2023
13 N . Callecita
4 | 3
5,000
$ 5,500,000
8 / 7 / 2023
3 Lagunita Drive
3 | 3
6,480
$ 4,700,000
8 / 4 / 2023
151 Myrtle Street # 2
2 | 2
0 / 0
$ 2,695,000
8 / 3 / 2023
565 Park Avenue
4 | 2
3,000
$ 2,650,000
8 / 2 / 2023
2900 Terry Road
2 | 2
2,550
$ 2,975,000
8 / 2 / 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