NBindy_4.28.23 | Page 3

newportbeachindy . com APRIL 28 , 2023 3

BOB CHAPMAN

MARKET ACTIVITY LAGUNA BEACH | APRIL 2023
AS 2023 UNFOLDS , WILL THE MARKET KEEP ITS COOL ?
WHAT ’ S NEXT ? 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL NOW .
2023 [ 1 / 01 / 2023 - 3 / 31 / 2023 ] CLOSED SALES ( 51 ) ↓ DOWN -51 % OVER 2022 ( 105 ) MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : DOWN FROM 2022 , STILL ↑ UP 1 % - 52 % OVER EACH OF THE PREVIOUS 5 YEARS .
MEDIAN $ MEDIAN $ RATE AVERAGE $ AVERAGE $ RATE
2023 $ 2,750,000
vs
2022
$ 3,000,000
-8%
vs
2021
$ 2,670,000
+ 2 %
vs
2020
$ 2,000,000
+ 37 %
vs
2019
$ 1,900,000
+ 44 %
vs
2018
$ 1,842,000
+ 49 %
vs
2017
$ 1,800,000
+ 52 %
2023 $ 3,524,480
vs
2022
$ 4,137,885
-14%
vs
2021
$ 3,497,338
+. 7 %
vs
2020
$ 2,724,349
+ 29 %
vs
2019
$ 2,672,437
+ 31 %
vs
2018
$ 3,121,740
+ 12 %
vs
2017
$ 2,436,005
+ 44 %
ACTIVE INVENTORY IS STILL AT HISTORIC LOW LEVELS ENTERING THE SPRING MARKET
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
Oct-22
19
vs
Oct-21
38
-50%
Nov-22
16
vs
Nov-21
43
-62%
Dec-22
12
vs
Dec-21
36
-66%
Jan-23
17
vs
Jan-22
26
-34%
Feb-23
12
vs
Feb-22
32
-62%
Mar-23
22
vs
Mar-22
47
-53%
Mar-23 22
vs
Mar-22
47
-53%
vs
Mar-21
43
-48%
vs
Mar-20
31
-29%
vs
Mar-19
35
-37%
vs
Mar-18
33
-33%
vs
Mar-17
36
-38%
LAGUNA BEACH | CLOSED MLS SALES MARCH : 3 / 01 / 2023 - 3 / 31 / 2023
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
390 Mountain Road
2 | 2
3,750
$ 2,600,000
3 / 31 / 23
2448 Lomita Way
1 | 1
3,600
$ 1,250,000
3 / 30 / 23
450 Ruby Street
3 | 3
2,100
$ 1,900,000
3 / 30 / 23
1031 Madison Place
3 | 2
9,750
$ 2,257,850
3 / 29 / 23
530 Cliff Drive # 304
2 | 2
NA
$ 1,400,000
3 / 28 / 23
819 Emerald Bay
3 | 5
6,720
$ 6,500,000
3 / 28 / 23
802 Rembrandt Drive
4 | 4
8,002
$ 6,275,000
3 / 24 / 23
1814 Rim Rock Canyon Road
4 | 5
12,000
$ 4,025,000
3 / 22 / 23
509 San Nicholas Court
2 | 3
NA
$ 725,000
3 / 21 / 23
219 Santa Rosa Court
2 | 3
NA
$ 775,000
3 / 21 / 23
2342 S . Coast Highway
3 | 2
6,925
$ 3,157,000
3 / 20 / 23
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
16 La Costa Court
3 | 3
3,600
$ 940,000
3 / 17 / 23
1585 S . Coast Highway # 31
3 | 2
NA
$ 4,200,000
3 / 17 / 23
1595 Arroyo Drive
2 | 1
7,500
$ 1,025,000
3 / 16 / 23
165 Dumond Drive
4 | 3
3,920
$ 6,500,000
3 / 16 / 23
365 Flora Street
3 | 2
2,750
$ 2,500,000
3 / 15 / 23
1265 Pacific Avenue
4 | 5
9,800
$ 7,550,000
3 / 13 / 23
655 Griffith Way
3 | 2
6,098
$ 1,375,000
3 / 8 / 23
253 Calliope Street
3 | 2
NA
$ 1,599,000
3 / 7 / 23
2604 Victoria Drive
3 | 2
3,200
$ 2,900,000
3 / 2 / 23
712 Cliff Drive
2 | 2
NA
$ 2,650,000
3 / 2 / 23
133 Emerald Bay
4 | 3
7,560
$ 6,200,000
3 / 1 / 23
BOB CHAPMAN 949 541 1223 bobchapman @ coastlaguna . com coastlaguna . com DRE No . 00714528