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Laguna Beach

Laguna Beach Homes and Condos report.

by vbindi on January 26, 2012

This report is for Active for Sale and Sold statistics for homes and condos in Laguna Beach . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 201 detached homes for sale, which have a median price of $2,175,000 with an average price per square foot of $1,080 . These homes are priced from a low of $375,000 for a 2 bedroom, 2 bath, 1,037 square foot home situated in the subdivision tract called California Cove . On up to a maximum price of $35,000,000 for a fine home boasting of 3 bedrooms, 4 baths, with – square feet of living area, which is located in the Emerald Bay Tract.

For properties currently under contract in Laguna Beach there are 50 detached homes in escrow, with a median value of $1,075,000 . These detached homes range in price from a low of $399,000 for a 1 bedroom, 1 bath, 796 square foot property located in the Custom Tract. On up to a maximum price of $7,495,000 for a fine property incorporating 5 bedrooms, 4 baths, with an expansive 4,000 square feet of living area, located in the Custom Tract.

In the past 3 months, there were 74 detached homes that have sold and closed escrow in Laguna Beach . These sold homes had a median price of $1,195,000 with an average price per square foot of $698 . These sold and closed homes range in price from a low of $360,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 736 square feet, and is located in the Other Subdivision. And a maximum price of $7,362,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 5,000 square feet located in the Three Arch Bay Tract.

If you have any questions regarding homes or condominiums for sale in Laguna Beach , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click the following hyper-link if you would like to view all homes for sale in Laguna Beach .

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Laguna Beach Short Sale Homes report.

by vbindi on January 9, 2012

This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Laguna Beach . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 205 detached homes listed for sale in Laguna Beach , California. The median price of these homes for sale is $2,210,000 and the average price per square foot is $1,057 . 22 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

For homes under contract, there are 41 detached homes in escrow on this date, and the median price is $1,075,000 . Of this total, 20 are short sales in escrow, which is 49% of the total detached properties in escrow in Laguna Beach , and the short sale median price in escrow is $899,500 .

In the past 3 months, there have been a total of 73 detached homes that have sold and closed escrow in Fullerton . The median price was $1,250,000 and the average price per square foot was $736 . Of this total were 13 were short sale properties in the city of Laguna Beach in the past 3 months. This number of sold short sales is 18% of the total. The median price was $850,000 , and the average price per square foot was $475 .

If you would like more information about short sale real estate, feel free to click the following link to visit our website at: Laguna Beach Short Sale Homes and Condos for Sale. To speak with a Short Sale Realtor, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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1184 Miramar Street, Laguna Beach, CA

by vbindi on August 24, 2010


Price: $698,000
Style: Bungalow, Salt Box
Bed: 2  Bath: 2
Stories: Three or more levels
Year built 1963
View of Catalina Island, City Lights, Coastline, Ocean, Panoramic vista
ASqFt 1,020
ALotSize 2,500
Parking: Concrete Driveway, Single Door Attached Garage

 


For more information on this property, click here.
Contact Nick Roshdieh today if you are interested in this property!

-Nick Roshdieh
eVantage Real Estate

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Laguna Beach Short Sale – Realtor Case Study #37

by vbindi on August 25, 2009

Laguna Beach Short Sale Success Story #37 -  Another short sale has been sold and closed by the  ShortSalesASAP Group here in Laguna Beach, CA.  The Short Sales ASAP group is #1 in Short Sale closings in Orange County.  We have been sharing many of our success stories for the benefit of the public who may be caught in today’s mortgage loan crisis.  Short Sales are not easy to close, so it is imperative that one seeks a Realtor expert to conduct such a transaction.  Some of the details of this short sale story will not be divulged in order to protect the privacy of the past property owner.

Property and Finance Details: This Laguna Beach property was a 3 bedroom, 3 bath, 1,550 square foot detached home with a panoramic ocean view.   This home was purchased in January of 2006′ for $1.15Million, using 90% financing which resulted in a first mortgage loan of $1,035,000.  The homeowner had to move back east, and tried to sell the home using traditional methods, but was not able to do so.

Laguna Beach Real Estate Market Conditions: The real estate market here in southern California has been gone through a major price correction.  Laguna Beach has suffered a large decline in real estate prices, but not as bad as  other Cities in Orange County.   This severe real estate recession is due to the overheated southern California market that started in 1999, the nationwide mortgage crisis, and job losses here in Orange County.  Although, we now see signs that price decreases have slowed down considerably, and we may be approaching the bottom of the market cycle pricing.

Only 37 % of Short Sales actually sold and closed escrow in Laguna Beach in the past 12 months.  Whereas, the ShortSalesASAP Group closes over 94% of our short sale listings.

SHORT SALE – PHASE:  The homeowner contacted us via a referral, and we answered all of their questions and concerns regarding short sales.  The property owners signed the  listing agreement and short sale addendum, and our preparation team gathered all of the required documents from the homeowner.  These documents were carefully packaged in the format required, and delivered to the 1st mortgage bank to present the short sale proposal.   3 weeks later, and after some cunning negotiations, our expert team was able to obtain preliminary approval for the Short Sale.

MARKETING AND SALES – PHASE:   Once we obtained the preliminary short sale approval, we put this Laguna Beach property on the market for sale.  It was originally listed in the Multiple Listing Service (MLS) for $950,000.   After about 3 weeks on the market with very little interest, we dropped the price again to $925,000.  We obtained an offer from a qualified buyer for $850,000.  After some negotiations with our short sale Realtor expert, we finally arrived at a price of $872,000.

CLOSING – PHASE:  Once all of the purchase contract documents are signed by the buyer and seller, our team packages theses documents along with the buyer loan qualification letter. This package was then sent to the 1st mortgage Bank.  Our short sale negotiator then went to work to finalize the final terms and conditions of this short sale.  After some additional negotiations, we convinced the  Banks to agree to the final short sale.    The property escrow then closed 35 days later.

IN SUMMARY: The entire mortgage debt of $1,035,000 was eliminated so that the homeowner did not owe this money anymore.  We were also able to negotiate $2,500 from the Bank to pay to the homeowner, which is referred to as “Cash for Cooperation”, which many banks are now offering as an incentive to homeowners to cooperate with a short sale, versus letting the property go to Foreclosure.

ShortSaleASAP is licensed with the California Department of Real Estate, and we are members of good standing with the Orange County board of Realtors. We train Agents Nationwide how to conduct short sales, and have been interviewed by CNNMoney, ABC World News Tonight, OCRegister and others.  Our services are free to the homeowner, for we are negotiate our fee with  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