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Laguna Niguel Real Estate

Laguna Niguel Real Estate market update

by vbindi on April 8, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Laguna Niguel. This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 181 detached single family homes for sale, with a median price of $860,000 and an average price per square foot of $377 . These homes are priced from a low of $450,000 for a 2 bedroom, 2 bath, 1,589 square foot home located in the subdivision called Villa Pacifica . On up to a maximum price of $7,995,000 for a fine home incorporating 6 bedrooms, 8 baths, with 10,000 square feet of living area, which is located in the Monarch Point Custom Tract.

For attached condos, there are currently 94 condos active for sale in Laguna Niguel . The median price of these condos is $300,000 and the average price per square foot is $294 . These listed condos range in price from a low of $169,900 for a unit comprising of 1 bedroom, 1 bath, 713 square foot, that is situated in the Crystral Cay Tract. Up to a maximum price of $1,205,000 for a roomy condo consisting of 2 bedrooms, 3 baths, with 2,244 square feet found in the Laguna Sur Subdivision.

For properties currently under contract in Laguna Niguel there are 103 detached homes in escrow, and the median price is $561,000 . These detached homes range in price from a low of $384,900 for a 3 bedroom, 2 bath, 1,303 square foot property located in the Lake Park Tract. On up to a maximum price of $3,690,000 for a fine property comprising of 5 bedrooms, 6 baths, and incorporates an expansive 6,500 square feet of living area, located in the Ocean Ranch Custom Tract.

For condos, there are 104 units now in escrow in Laguna Niguel , with a median price of $285,000 . These pending units range in price from $145,000 for a 1 bedroom, 1 bath, 565 square foot condominium, located in the Rancho Niguel Subdivision. On up to a maximum price of $749,000 for a fine condo consisting of 3 bedrooms, and 4 baths, with 2,379 square feet, found in the Laguna Sur Subdivision.

In the past 90 days, there have been 102 detached homes that have sold and closed escrow in Laguna Niguel . These sold homes had a median price of $680,000 with an average price per square foot of $332 . These closed homes range in price from a low of $445,000 for a detached home comprised of 3 bedrooms, and 3 bath, with 1,500 square feet, and is located in the Terra Nova Subdivision. And a maximum price of $6,075,000 for an estate property comprising of 4 bedrooms, 7 baths, and a spacious 6,900 square feet located in the Bear Brand Ranch Custom Tract.

For the past 3 months, there have been 103 attached condominiums that have sold and closed escrow in Laguna Niguel , California. The median price of these attached units was $270,000 and the average price per square foot was $266 . These sold condominiums ranged in price from a low of $142,000 for a 1 bedroom, 1 bath, 750 square foot unit found in the Hillhurst Condos condo Tract. And the maximum priced sold condo was $1,100,000 for a nice unit comprised of 3 bedrooms, 4 baths, and 3,172 square feet that is situated in the Laguna Sur Tract.

If you have any questions regarding real estate for sale in Laguna Niguel , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in Laguna Niguel .

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Laguna Niguel Home Prices Holding Steady

by vbindi on January 11, 2010

Laguna Niguel, CA -  The local real estate market has gone through a severe correction that started back in the summer of 2006′.  Since that time, prices have declined approximately 30% for detached homes, and for attached Condos, prices have dropped about 38% since the peak in mid 2006′. 

Recently though, the inventory of homes for sale has declined substantially in Laguna Niguel.  Also, the rate of sales has increased during this same period of time, from mid 2006′  to today.  This strengthening demand for the Laguna Niguel real estate market has resulted in a stabilization of home prices.  Throughout most of 2009′ actual sales prices for detached homes have held steady at $310 per square foot.  And for condominiums, prices have firmed actually resend in 2009′ by about 3%, to a level of $260 per square foot today (Price per Square Foot is a much more accurate measurement of price movement than the Average or Median) 

Currently, there are 145 detached homes listed for sale in Laguna Niguel, ranging in price from a low of  $479,000 for a 3 bedroom, 2.5 bath, 1,455 square foot home in the Seagate subdivision.  On up to $7,875,000 for a 7 bedroom, 9 bath, 11,000 square foot estate in the Bear Brand Ranch neighborhood.  The Median price of all detached homes Active for sale is $849,000 in Laguna Niguel.

In addition, there are 127 attached condominiums that are currently listed for sale in Laguna Niguel.  These attached units range in price from $179,000 for a 1 bedroom, 1 bath, 760 square foot flat in the Crystal Cay tract, on up to $749,000 for a 3 bedroom, 3 bath, 2,379 square foot attached townhome in the Marina Hills neighborhood.  The median priced condo is currently $349,000.

For more information about the  Laguna Niguel real estate market and home prices, please feel free to contact us at:  (949) 388-3396  or  Info@eVantageRE.com

Foreclosure Homes for Sale in Laguna Niguel

by vbindi on September 9, 2009

Currently there are 16 foreclosed homes and condos listed for sale in Laguna Niguel.  A foreclosed property is one in which the homeowner fell behind on their mortgage payments, and the mortgage bank instituted a Foreclosure proceeding.  After the 3 month Notice of Default process, and the 3 week Trustee Sale process, the property is sold in an Open Auction.  If no one bids at this Auction, then the foreclosing bank winds up owning the home.

Banks are the ultimate motivated buyer.  They have no emotions wrapped up in the home, and are extremely motivated to sell the home very quickly for several reasons. Therefore, most banks price their foreclosed home inventory below market value so they sell quickly.

Below is the list of all foreclosed bank owned homes currently listed for sale.  These homes and condos range in price from $198,000 for a 1 bedroom, 1 bath condo, comprising of 873 square feet. On up to $775,000 for a 5 bedroom, 3 bath, 2,600 square foot detached home.   Click on this Hyper-link to view all foreclosed homes currently listed for sale in Orange County, city by city.

If you would like to view any of the homes listed for sale, of if you have any questions about Laguna Niguel foreclosed homes, feel free to call us at:  949-388-3396 or email us at:  Info@BankHomesMLS.com

Type Address Bd Ba SqFt Price
CONDO 9 Pearl 1 1 873 $198,900
CONDO 24421 Avenida De Los Ninos 64 2 1 900 $220,000
CONDO 7 Avalon Cv 2 2 1,120 $272,500
CONDO 21 Flamingo Ct 104 3 2 1,221 $309,900
CONDO 17 Glen Cv 2 2 2 1,100 $336,000
CONDO 27425 Newporter Way 255 3 3 1,597 $379,900
SFR 4 Tobago 2 3 1,605 $413,900
CONDO 176 Cameray Hts 2 3 1,450 $414,900
SFR 20 Stream St 3 3 1,900 $499,900
SFR 30461 Via Alcazar Ave 4 2 1,960 $589,000
SFR 24626 Los Serranos Dr 5 3 2,100 $650,000
SFR 31662 Isle Royal Dr 4 3 2,468 $651,000
SFR 21 Trestles 4 3 2,719 $697,950
SFR 24036 Piragua Pl 4 3 2,500 $759,000
SFR 30381 Via Alcazar Ave 5 3 2,600 $775,000

Laguna Niguel Home Prices

by vbindi on June 24, 2009

There are currently 193 detached homes listed for sale in Laguna Niguel – Orange County, Ca.  There prices range from $449,900 for a 3 bedroom, 2 bath, 1,303 SqFt home up to $8,995,000 for a 6 bedroom, 8 bath, 10,000 square foot 8 car garage estate in Monarch Point.  The Median price is $989,000, and the average price is $1,432,688.  Average price per square foot is $404/SqFt and average days on market is 106 days.

For detached homes, there are 82 properties currently under contract in escrow in Laguna Niguel.  These properties range in price from $435,800 for a 3 bedroom, 2 bath, 1,446 square foot home, on up to $2,990,000 for a 5 bedroom, 7 bath, 6,000 square foot, 6 car garage estate in the Coronado Pointe community.   The median price of homes currently in escrow is $695,000.

In the past 60 days, there have been 67 detached homes that have sold and closed in Laguna Niguel.  These homes range from $340,000 for a 3 bedroom, 2 bath, 1,341 square foot home, on up to $5,040,000 for a 5 bedroom, 6 bath, 6,300 square foot estate in the Bear Brand Ranch tract.  The median price home is $750,000 and the average price home that sold in the past 2 months was $1,037,332.  The average price per square foot was $345/SqFt and average days on market was 108 days.

One year ago at this same 60 day time period, there were 95 homes that have sold and closed escrow in Laguna Niguel.  These homes ranged in price from $480,000 for a 4 bedroom, 2 bath, 1,450 square foot home, on up to $4,400,000 for a 5 bedroom, 6 bath, 7,600 square foot estate in the South Peak subdivision. The median sold home price was $799,500 and the average price was $998,803.  The average price per square foot was $367/SqFt and average days on market was 79 days, just one year ago.

Comparing today’s prices to one year ago prices we find the following;   The Median price has dropped by 6%.  The average home price has actually gone up by 3.8%.   The Price per Square Foot has dropped by 6%.    For more information about Laguna Niguel Real Estate, please feel free to call us at:  949-388-3396

Laguna Niguel Short Sale Stats

by vbindi on May 7, 2009

Laguna Niguel, CA: Local home values have been hit hard due to the regional real estate correction, the national mortgage loan crisis. and the subsequent recession. Short Sales have been a growing and significant real estate transaction for homeowners who are caught in today’s mortgage loan crisis.   A short sale is often times the best solution for a homeowner whose house is worth less then the debts owed on the home, or for homeowners who are not able to keep up with their mortgage payments. A Short Sale is simply a real estate sale in which the mortgage bank(s) are persuaded to agree to reduce the loan balance so that the home can be sold to a another new home purchaser, in order to cover all of the property debts and sales costs.

Currently, there are 95 Short Sale homes and condos listed for sale in Laguna Niguel, ranging in price from a low of $235,000 for a 2 Bedroom, 2 Bath condo, with 980 square feet of living are, up to $2,399,000 for a 4 bedroom, 5 bath, estate with 5,400 square feet of living area. In addition, there are 99 short sale listings under contract in Escrow.

In the past 6 months, there have been 79 short sale transactions that have sold and closed escrow in Laguna Niguel. But of concern, is there was also 105 failed short sale transactions in that same 6 month period. That translates into a success rate of only 43%. That’s a poor closing rate for such an important transaction for a homeowner in dire need of a dignified solution that is less damaging to ones credit then a foreclosure.  Whats’ worse, is the California Association of Reactors recently reported that only 19% of short sales are successful statewide.   Our team of experts at the ShortSaleASAP Group have a short sale closing rate of over 93%.

Many peple ask why the low rate of success statewide.  The reasons are complex and many. Short Sales are the most complex of all residential real estate transactions.  They present a wide variety of  obstacles that can easily trip up a Realtor who is a Short Sale novice.  Some of the most common issues that cause many Real Estate Agents to fail are;  pricing the short sale too high or too low,  weak loss mitigation negotiation skills, too small of a team causing Realtor to be spread to thin, hiring a 3rd party short sale negotiation company, not knowing how to package a Short Sale, and not managing the independent Bank BPO/Appraisal process.

Our team has a verifiable track record of success, and have closed more sort sales in Orange County then any other team.  For more information, please visit our website for Laguna Niguel Short Sales, or give us a call at:  949-388-3396

Laguna Niguel Short Sale – Case Study #32

by vbindi on April 5, 2009

Short Sale Case Study #32 -  We will describe another successful Short Sale for a detached home located in Laguna Niguel, Ca.  The details of the short sale such as; property  address, exact loan amounts, and names will not be revealed to protect the privacy of the previous homeowner.

Property and Finance  Details: This Laguna Niguel home was a 4 bedroom, 3 bath, 3 car garage with 3,150 square feet of living area.  This detached home was originally purchased in the Spring of 2004′ for $885,000 with a 10% down mortgage.  In the summer of 2007′ an equity loan (HELOC) was also taken out on the home for about $245,000 with National City Mortgage.   This property was sold via a Short Sale in the winter time of 2009′ by the ShortSalesASAP team.

Market Condition: Home prices have dropped dramatically in southern California due to the severe recession and nationwide financial crisis.  More specifically, prices have been dropping about 1% per month for the past 2.5 years in Laguna Niguel, although there are now signs that prices may be leveling off.   The homeowner experienced a financial hardship and was no longer able to keep current on the mortgage loan payments.   They inquired into a Loan Modification, but even in the most optimistic scenario, they still would have been about $300,000 upside down on their home mortgage.

Preparation Stage: After we signed the listing agreement with the homeowner, we gathered all of the required documents from the homeowner.  After review and packaging, we delivered these documents to the 1st and 2nd banks to present our short sale case.   After some tricky and difficult negotiations, our expert team was able to obtain preliminary approval for the Short Sale with tentative terms and conditions.  During this preliminary short sale approval phase, the homeowner was able to live in the property as normal.  There were no interruptions from other agents or prospective home buyers, and due to their hardship, they were living rent  free.  This Preparation Phase took about 6 weeks to complete.

Sales and marketing Stage: Once the short sale was tentatively approved, we placed this Laguna Niguel property on the market for sale.  It was listed in the Multiple Listing Service (MLS) for a price of at a price of $825,000.   After a period of about 3 weeks with no offers, we dropped the price to $789,000.   A week later we received an offer from a loan qualified buyer for $735,000.    After several days of counter negotiations,  we obtained a purchase price of  approximately $750,000.

Closing Stage: In the final stage of this short sale process, we obtained the signed offer from the Buyer, and gathered the other required Short Sale disclosures and Buyers loan qualification paperwork.  We submitted this  package to the 1st and 2nd mortgage banks, to conduct the final short sale adjustments of the terms, conditions and costs. After some tough negotiations with our specialists obtained the updated short sale approval letter from the 1st and 2nd Mortgage Banks.  Once we received these bank  approval letters, we moved forward with the closing of escrow. The last Phase was completed in about 21 days.

The result was that the entire debt on the home was removed from the homeowner. The homeowner was able to live in their home during this short sale process and did not make any mortgage payments payments.  Most importantly, if this home were to been lost in Foreclosure,  the 2nd Mortgage HELOC loan would still be owed by the homeowner after the 1st mortgage lender foreclosed.  As a result of this short sale though, the convinced to the 2nd Mortgage Bank to accept to small pay-off we generated for them as a settlement in full.     The homeowner is now working with our credit restoration affiliate and their credit rating should be repaired to a level where they should be able to buy again home by 2010′ .

ShortSaleASAP is licensed with the California Department of Real Estate, and our services are free to the homeowner, for we are paid by the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com

The Homes at Crown Valley Highlands, Laguna Niguel, CA.

by Vincent Bindi on March 10, 2008

laguna niguel view homeThe beautiful one story single family homes at Crown Valley Highlands were built in the early 1970’s by Avco builders.  This popular community was developed in the foothills of north Laguna Niguel and many of the lots provide a panoramic view.  The residences at Crown Valley Highlands offer a wide variety of 8 single story floor plans ranging in size from 1,157 to 1,700 square feet.  These floor are listed as follows:

  • Carmel – A:  3 bedroom, 2 bath.
  • Palm Beach – B:  3 bedroom, 2 bath.
  • St. Topez – C:  3 bedroom, 2 bath.
  • Nassau – D:  4 bedroom, 2 bath.
  • Newport – E:  3 bedroom, 2 bath.
  • Key West – F:  4 bedroom, 2 bath.
  • Costa Brava – G:  2 bedroom, 2 bath.
  • Montego – H:  3 bedroom, 2 bath.

Over the years, some of these homes have been completley remodeled with room additions, and some homes now range in size up to 1,900 square feet.  Crown Valley Highlands boasts of a community swimming Pool, wading pool, clubhouse, community parks and hiking/biking trails close by. 

Home prices currently range from a low of $520,000 for the smallest floor plans with no view, and view upgrades, up to the $750,000 for the larger floor plans with some views and some upgrades.  The streets that comprise of Cronw Valley Highlands are:  Belmar Dr., Calverton Cir, Colebrook Dr., Ellendale Dr., Felton Dr., Jarrett Cir., Kensington Dr., Preston Dr., Quigley Dr., Sedgewick Dr., and Warwick Dr.   Crown Valle Highlands is located close to the intersection of Niguel Road and Alicia Parkway.

Crown Valley Highlands is serviced by the award winning Capistrano Unified School District.  The grade school is Moulton Elementary, and the Junior High is Aliso Middle School.  The upper classes are conducted at the award winning Aliso Niguel High School. 

If you would like to view all homes for sale in Lagun Niguel, please visit our website at:  Laguna Niguel Real Estate.   If you have any real estate related questions, or would like to view any home listed for sale in Laguna Niguel, please email us at:  Info@OCRealtyGroup.com or Text Message us at:  949-283-4679

Laguna Niguel CA. 55+ Retirement Community

by Vincent Bindi on December 28, 2007

There are numerous senior citizen residential ownership communities in south Orange County that offer a wide variety of styles, floor plan options and prices.  There is only one such retirement housing community in Laguna Niguel, called Monarch Summit II.  One of the desirable attributes is the community of Monarch Summit II is only 1 mile from the Pacific Ocean and sits on top of one of the highest hills in Laguna Niguel.  Therefore about half of the homes offer some type of distant or panoramic view, and some of the homes offer majestic Ocean Views along will temperate Ocean breezes.

Monarch Summit II is located at  at the top of Pacific Island Dr., and was developed in the early and mid 1970’s by builder Lan Ron.  This community encompasses of about 180 attached single family homes, and incorporates 3 distinct floor plans as follows: 

  • Plan A – 3 bedrooms, 2 baths, 1,670 square feet
  • Plan B – 3 bedrooms, 2 baths, 1,650 square feet
  • Plan A – 2 bedrooms, 2 baths, 1,400 square feet

All of the above floor plans are single story and come with a fireplace, and 2 car garage.  Over the years, many of these homes have had some major renovations and many fine upgrades added to the homes. Monarch Summit II requires that at least one occupant is 55+ years of age or older. By the way, the community of Monarch Summit I was built around the same time by the same builder, but this community is not 55+ restricted.

The Home Owners Association (HOA) for Monarch Summit II is well managed and includes;   Club House and Recreational Facility, swimming pool, spa.  The monthly dues are reasonable at around the low $200 per month level at the time of this writing (subject to change), and include:  Property Insurance, Earthquake Insurance, Landscape Maintenance, Pool and Spa maintenance, Trash service.

The streets that comprise of Monarch Summit II are as follows:  Cavallo Ln., Pardella Ln., Savona Pl., Abanita Way, Andara Rd., Arbella Rd., Camerona Rd., Campana Way, Casalero Dr., Dominita Rd., Latigo Dr., Mantanza Dr., Mariano Dr., Montalvo Rd., Monteago Rd., Palencia Ln., Talavera Dr., Tamora Dr., Tolana Dr., and Veranada Rd.

If you are planning on purchasing in a retirement community in the future, make sure you take advantage of the property Tax Saving laws called Prop 60 and Prop 90 if they apply to you.  For a list of  all retirement housing properties listed for sale in Laguna Niguel or elsewhere in south orange County, please visit our OC Just Listed home finder service and add a note that you are looking for just 55+ communities.  Or feel free to call us anytime at:  949-388-3396, or drop us an email at:  Info@OCRealtyGroup.com

Gated Home Subdivisions in Laguna Niguel, CA.

by Vincent Bindi on December 15, 2007

Laguna Niguel, CA. is known for it’s fine communities of residential detached and attached homes that are nestled in the surrounding rolling hills.  Many of these communities have a gate guarded entrance which adds a sense of exclusivity.  Even though Laguna Niguel is one of the safest cites in America, a gated community also provides an additional level of security and safety. 

We have tabulated all of the detached and attached housing tracts in Laguna Niguel that offer a gated entrance.  Some of the communities provide an automatic gate which is operated by each home owner using a remote control switch or secret pass code.  Other gated communities are manned by a 24 hour guard, while some other use a combination of an automatic gate and a human guarded gate.

The below table lists the name of every subdivision in Laguna Niguel that incorporates a gated entrance, and also notes the name of the Builder of the tract.

Subdivision Area Name Type Builder
Andorra Niguel South Detached J. P. Rhoades
Bear Brand – JM Peters Niguel South Detached JM Peters
Bear Brand Ranch Custom Niguel South Detached Custom
Breakers – Bear Brand Niguel South Condo Shea Homes
Bridgeport Terrace Niguel East Condo Pacesetter
Casa La Paz Niguel North Condo S & S Construction
Crest De Ville Estates Niguel South Detached Standard Pacific
Crest De Ville Terraces Niguel South Detached Standard Pacific
Crestview Niguel North Detached S & S Construction
Glencove Niguel North Detached S & S Construction
Hillcrest Estates Niguel North Detached S and S
Knolls Niguel North Detached S and S
Ocean Ranch ~ Collection Niguel South Detached Pacific Heritage Development
Ocean Ranch ~ Custom Niguel South Detached Custom
Ocean Ranch ~ Executive Niguel South Detached Shea Homes
Ocean Ranch ~ Manning Niguel South Detached Manning Homes
Ocean Ranch ~ Residence Niguel South Detached Shea Homes
Rolling Hills Niguel East Detached Avco
Rolling Hills Fieldstone Niguel East Detached Fieldstone
Rolling Hills Terrace Niguel East Detached Builder Unknown
Seadrift – Bear Brand Niguel South Detached A & M Homes
Somerset Niguel North Detached S & S
Somerset Ridge Niguel North Detached S & S Construction
South Peak Custom Niguel South Detached Builder Unknown
Stoney Pointe – Bear Brand Niguel South Condo Shea Homes
Village Niguel Gardens I Niguel North Condo S & S Construction
Village Niguel Gardens II Niguel North Condo S & S Construction
Village Niguel Gardens III Niguel North Condo S & S Construction

If you would like a complete list of all homes or condos for sale that offer a Gated Entrance in Laguna Niguel, please visit our exclusive VIP online home finding service at www.OCJustListed.com   Or simply call us at:  949-388-3396, or send a Text Message at:  949-283-4679

Current Home Prices in Lagna Niguel, CA – Oct 2007′

by Vincent Bindi on November 1, 2007

There are currently 271 active for sale in Laguna Niguel.  These homes range in price from $549,000 for a 3 bedroom, 2 bath single story home on Turlock in the lake Park tract, on up to $7.9 Million for a 7 bedroom, 7.5 bath, 8,780 square foot estate on Asilomar in the Ocean Ranch subdivision.  The Median of these 271 homes in Laguna Niguel is $969,000, and the Average Price per Square foot is $417/SqFt.  The average days on market is 90 days. 

Today, there are 36 detached homes Pending in Escrow in Laguna Niguel today.  These homes range in price form $545,900 for a 3 bedroom, 2 bath, 1,303 square foot home on Casitas street in the  Lake park tract.  The highest priced home in Escrow, is priced at $7,295,000 for a 10 bedroom, 10 bath, 22,000 square foot, 14 garage estate on Morning Dove street in the Bear Brand Ranch neighborhood.  The median priced home that is currently in Escrow in Laguna Niguel is $949,900.

In the past 90 days,  there were 80 detached SFR homes that sold and closed in Laguna Niguel, CA.   The median price of these 80 homes was 860,000 and the average price of these homes was $1,079,756.  The average price per square foot was $401 and the average days on market was 85 days.  Comparing these figures to 1 year ago at this same time we find that there were 110 SFR homes that sold and closed.  1 year ago, these homes had a median price of  $945,000 and an average price of $1,106,849.  the average price per square foot was $418 and the average days on market was 73 days.  Comparing these numbers we find that the Median price dropped  9%, and the average price decreased by 2.5%.  The Price per Square foot dropped by 4%. 

For attached Condos, there are 254 attached condominiums currently listed for sale in Laguna Niguel.  The median price of these 254 condos is $469,000 for an average condo consisting of 2 bedrooms, 2 baths, and 1,285 square feet.   Today, there are 20 condos that have sold and are currently pending in escrow.  The median price of these condos was $400,000.

For the past 90 days, there were 54 condos that sold and closed escrow.  The Median priced condo sold was $480,000 and the average price of these condos was $509,872.  The average price per square foot was $388 and the average days on market was 77 days. 1 year ago, there were 101 condos that sold in this same 90 same period.  The median price was $482,000 and the average price was 532,401.  The average price per square foot was $422 and the avearge days on market was 72 days.  Compare these figures we find the the median price dropped by just a mere 0.5%.  The average price decreased by 4% and the average price per square foot dropped by 8%. 

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