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LagunaOC.com Real Estate NewsLaguna Beach Still OC's Slowest Housing Market
Laguna Beach remains the slowest real estate market in Orange County after tying with Newport Beach last week, a report from Altera Real Estate shows. According to the biweekly report, the city is now in last place after slowing even further this wee
Laguna Beach Market Times Rise To 14.5 Months
Laguna Beach seems to be in a summer slump as market times—the time a home is expected to spend on the market before being sold—jump up to over a year in July, making it again one of the slowest markets in Orange County.
Last week’
Ocean Views Worth $500,000 in Laguna Beach
Laguna Beach is known for its oceanfront homes, but how much more is a buyer willing to pay for a home with a view? Recent data shows that two near-identical homes, one with an ocean view and the other without, can differ in price by more than $500,0
Foreclosures up 67% in Laguna Beach
Laguna Beach foreclosures went up 66.7% in the past week compared to the same period a year ago, posting the tenth highest increase in the U.S., according to recent data from real estate information provider DataQuick.Although foreclosures fell sligh
Laguna Beach Has More “Stale” Listings
The amount of time a home has been on the market has become a significant factor in buyers' decisions, recent studies show. In Laguna Beach, a growing portion of the inventory is made up of "stale" home listings, or homes that have been on the market
Million-Dollar Homes Weigh Down Laguna Beach Market
Laguna Beach real estate has always been known for its sky-high home prices, but its constant inventory of seven-figure homes continues to inhibit market activity and slow down market recovery for the South Coast city.As of April 5, only 13 homes in
Eco-Friendly Mansion On Sale In Laguna Beach For $15 Million
The first certified green residence by the Leadership in Energy and Environmental Design (LEED) in coastal Southern California, located in Laguna Village, has hit the market for just under $15 million, the Orange County register reported earlier this
Montage Resort Gearing Up for Holidays
The upscale Montage Beach Resort, one of the biggest tourist draws of Laguna Beach, is set to offer a variety vacation and rental packages as families set off to spend the holidays in coastal California.In the next few weeks up to the end of the year
Two Laguna Beach Homes Make
Three Orange County properties were included in the Top Ten Real Estate Deals’ list of the ten coolest beach homes on the market, two of them located in Laguna Beach and the top spot going to one in Newport Beach.Topping the list was 1510 East Ocea
Laguna Beach Luxury Homes Becoming More Affordable
Prices of luxury homes in Laguna Beach are seeing record lows as coastal Orange County struggles with falling market values, according to recent data. In Laguna alone, home prices were seen to fall by several millions in one go.Last month, 291 millio
Top-Price Laguna Beach Homes on the Rise
A home in Laguna Beach worth $31.5 million was listed last week, joining five other homes in Orange County in the $30-million price range. The growing number of high-priced Laguna Beach homes up for sale is a strong suggestion that the slow economy h
Laguna Beach Has 6 of Top 10 South Coast Homes
Six of the ten most searched homes in the Orange County south coast are located in Laguna Beach, raising the hopes of many that the city’s sluggish real estate market is on the road to a rebound.The list was put together by Realtor.com, the online
South Coast Homes Selling Faster
January is often a slow time for real estate sales, but the Orange County South Coast—comprising Laguna Beach, Dana Point, and San Clemente—is seeing a collective drop in market times, according to reports from broker Steven Thomas of Alt
Two Adjacent LB Homes Sell at $6-Million Difference
Two homes in Laguna Beach have caught the attention of real estate experts for their price difference—a gap of $6 million despite having similar sizes and specs, and sitting just across the street from each other.The homes are located in the Smithc
Buyer Activity Up 150% in Laguna Beach
Laguna Beach real estate continues a positive streak at the end of the first quarter with a year-over-year increase of 150% in home sales, according to the latest data from real estate information provider DataQuick.A total of 15 homes were sold in L
Laguna Beach Shows Best Year Change in South Coast
After spending months as Orange County’s slowest real estate market, Laguna Beach is leading the South Coast area in a sales surge over the past month, triggering talks of a long-awaited market turnaround.Of the five South Coast ZIP codes—located
Laguna Beach Keeps Up Jumbo Mortgage Market
Jumbo financing is thought to have all but disappeared throughout Orange County, as home sales slowed down and price cuts hit even the most high-end markets. But in Laguna Beach, buyers are taking out larger loans and lenders are steadily granting th
Laguna Beach Has Highest Number of Price Reductions in O.C.
High-end luxury homes—those priced at $1 million or more—in Orange County are still slashing their prices after months on a slow market. And not surprisingly, more than half of them are located in Laguna Beach, one of the slowest markets of all.I
Laguna Beach Oceanfront Homes Start At $1 Million
The housing bubble hasn’t affected pricing in Laguna Beach homes, at least not on the oceanfront. The cheapest home one can find on the Laguna Beach coast costs $1.3 million and comes with HOA dues of over $1,000 a month, based on listings last
Laguna Beach Home Buying Up 85% Over Year
Spring and summer home buying season continues to work in favor of the Laguna Beach real estate market this year, bringing the South Coast city's home sales up 85% compared to this period last year, according to real estate information provider DataQ
Government Programs Can Help Laguna Beach Homeowners
Housing experts and agents remain optimistic that government aid can turn Laguna Beach real estate around, even as the city hits one of its roughest patches since the economic crunch hit California.Last week, real estate data provider DataQuick showe
Laguna’s Oldest Home Hits the Market
Laguna Beach’s oldest home, built in 1883 and aptly sitting on historic Pearl Street in Laguna Village, has just hit the market with an asking price of $2.8 million, down by a million from its last selling price in 2008.Known to locals as simpl
Laguna Beach is Slowest O.C. Market
Despite what seemed like a good run at the start of the year, Laguna Beach is again the slowest-moving market in Orange County real estate, according to a biweekly report from broker Steven Thomas of Altera Real Estate.The city’s market time&md
Laguna Beach Island Home Takes $2.6 Million Price Cut
A luxury home in coastal Laguna Beach has just reduced its asking price by $2.6 million, making it one of Orange County’s biggest price cuts in recent weeks and gaining much attention from experts and potential buyers.Located in Three Arch Bay,
Laguna Beach Suffers Biggest Drop in Mid-Spring Home Sales
Home sales for Laguna Beach ZIP code 92651, which includes high-end communities Emerald Bay and Arch Beach Heights, dropped 67.6% in the past two weeks, the biggest plunge recorded in Orange County for mid-May.Meanwhile, Garden Grove (ZIP code 92843)
Montage Resort Plans $400 Million Utah Expansion
Montage Hotels and Resorts, the famous Laguna Beach-based luxury resort town, is investing some $400 million in a new resort atop the scenic Wasatch Mountain in Deer Valley, Utah, set to open in December.Montage Deer Valley will be the company's firs
More Laguna Beach Homes Sold This Month
Laguna Beach homes took slightly less time to sell in the month ending November 24, suggesting stronger buyer interest in the South Coast city, according to real estate reports from Altera Real Estate broker Steven Thomas.Of the 305 homes for sale in
Home Buying Up 54% in Laguna Beach
Home buying in Laguna Beach was up 54% last month on a year-over-year basis, continuing the positive streak its has enjoyed for much of the first semester and exceeding expectations by most real estate experts.A total of 43 homes sold in Laguna Beach
Laguna Beach Market Continues to Trail
After a promising run in the past couple of weeks, the Laguna Beach real estate market slowed down yet again to become the second slowest in Orange County, a report by real estate firm Altera stated last week.The city’s market time actually dropped
Laguna Beach Welcomes First LEED-Registered Home on South Coast
A luxury home project in Laguna Village, Laguna Beach became the first home on the California coast to be registered under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED), one of the leading environmental desi
New Low-End Laguna Beach Homes on the Rise
Laguna Beach, whose prohibitively high prices have slowed down its market for much of 2009, is seeing a bigger share of relatively affordable homes. In the past two weeks alone, two homes valued at less than $800,000 hit the market, an unusual occurr
Laguna Beach Home Sales Drop
After a 6% increase in home buying last week, Laguna Beach showed a slight drop in home sales and average market times in the latest report from Steve Thomas of Aliso Viejo-based Altera Real Estate.As of mid-October, there were 358 homes for sale in
FHA new policies
This coming Wednesdays the Federal Housing Administration will announce stricter financing standards.The FHA which insured close to a third of all new mortgages in 2009 will increase the premiums it charges towards mortgage insurance and require thos
Laguna Beach Home Sales Up 70% in April
The foreclosure surge doesn't seem to have slowed down the Laguna Beach real estate market as it has with other high-end cities. Buyer activity continues to push the South Coast city’s housing sector up in the second quarter, going up 70% last
More Luxury Homes Hit Laguna Beach Real Estate Market
Buyers looking to buy luxury real estate this season have good reason to check out Laguna Beach. The coastal city has seen its supply of homes over $5 million increase in the last few months, a welcome turn after a slow start to the buying season.
M
Emerald Bay Home Slashes Price By $1 Million
A luxury home in the prestigious Emerald Bay community in Laguna Beach has reduced its price by over $1 million. It is one of the many upscale homes in upscale Orange County to have made price cuts in recent weeks, as buyer activity drops and the inv
South Laguna Homes Get Cheaper
The holidays may be a good time for buyers to snap up Laguna Beach luxury homes, as prices fall in anticipation of slow buyer activity over the winter, according to real estate columnist Kelli Hart of the Orange County Register.Two oceanfront homes h
Laguna Beach Church Sold at 60% Off
A church on Morningside Drive in Laguna Village, Laguna Beach sold for $2.1 million last week, 60% less than its initial listing price, after spending almost four years on the market. It is one of several Laguna Beach properties that have slashed pri
Laguna Beach Home Buying Down 9%
After a rough run for much of the third quarter, Laguna Beach continues its slow streak as home sales went down slightly over 9% for the month of August, according to recent reports from real estate information portal DataQuick.A total of 29 homes we
Price Cuts Hit Laguna Beach Luxury Homes
The luxury market in Laguna Beach continues to feel the blow of the housing crash, with several high-end homes slashing their prices this week alone. Some have been on the market for almost two years and have been priced down by as much as $5 million
Oceanfront Home Is Cheapest in Three Arch Bay After $300,000 Price Cut
An upscale Laguna Beach home for sale has slashed its price by $300,000, making it the cheapest home in the coastal Three Arch Beach community at just under $4.5 million.The three-bedroom, 2.5-bathroom home is located on Mar Vista Lane, with unobstru
Laguna Beach Oceanfront Homes Command Top Dollar
Orange County has always put its coastal location to good use by putting a premium on oceanfront homes, which easily pass the million-dollar mark. But in Laguna Beach, home prices along the coast can soar well into the double-digit millions.Other Sou
Oldest House In Laguna Beach To Be Rehabbed
The Laguna Beach Heritage Committee recently approved plans to rehab The Pearl Street House, the oldest house in the city, after years of deliberation and discussion with residents and architects.
Laguna Beach’s Design Review Board approved th
Laguna Beach Homes Over $2 Million Harder To Sell
Properties priced over $2 million aren't uncommon in Laguna Beach, but they're not the biggest sellers on the market these days, according to recent data from the Southern California MLS.Listings show that of the 26 homes sold in Laguna Beach in Octo
Laguna Beach Market Times Slow Down
Laguna Beach homes are taking considerably longer to sell these days than they were last month and slightly longer than a year ago, casting some doubt on the South Cast city's market recovery, according to reports by broker Steve Thomas of Altera Rea
Laguna Beach Market Times Remain High
For the past two months, the forecast for Laguna Beach home sellers hasn't been encouraging: a home can spend close to a year on the market before going into escrow. And according to reports by Aliso Viejo-based broker Altera Real Estate, the South C
Laguna Beach Oceanfront Home Rents For $30K
One of the most expensive home rentals in Orange County has just hit the market, and it’s aptly located in upscale Laguna Beach. The home, sitting right on the oceanfront, rents for a cool $30,000 a month—five times more than most high-en
Laguna Beach Vacation Rentals Up Over Year
After a relatively busy home buying season, Laguna Beach is geared for another positive turn as demand for summer vacation rentals rose 17% compared to last year. As experts have noted in the past several months, tourist season may just be the city&r
More Price Drops Seen In Luxury Coastal Homes
Buyers planning to hold out on Laguna Beach homes may decide to buy sooner with prices falling for luxury homes along coastal Orange County, a trend that’s expected to last throughout the holiday season.Home affordability has been up throughout
Laguna Beach Home Sales Slow Down Again
After picking up pace last month, Laguna Beach real estate has slowed down yet again. Market times went up from 10.32 months to 11.03 months in the past two weeks, making it the third slowest market in Orange County.The city’s market times are also
Charge Your Electric Car in Laguna Beach
Downtown Laguna Beach is the place to go for electric vehicle owners. Now you can charge and power your car at a public charging station. The site, at the corner of Forest Avenue and Broadway, is open 24/7 for public charging and the service is free
Laguna Beach Has No "Affordable Inventory"
The South Coast has always been on the higher end of the Orange County real estate market, but recent reports have revealed just how high. Close to half of the new inventory to hit Laguna Beach, San Clemente and Dana Point are hardly considered affor
Laguna Beach Has 3 Priciest Coastal Condos
Laguna Beach may be one of the slowest real estate markets in Orange County—homes stay on the market for close to a year—but it’s certainly not the cheapest, if figures from last month’s listings are anything to go by.In a list of the top 10
Laguna Beach Home Buying Up 50% Over Year
Having struggled between ups and downs for most of 2009, the Laguna Beach real estate market is showing positive signs early in the year with a rise of 50% in home buying compared to the same period a year ago.This time last year, only 14 homes were
Tax Credit Does Little for Laguna Beach Buyers
First-time home buyers may not benefit much from the government’s tax credit program, at least not in upscale cities like Laguna Beach, according to columnist Kelli Hart of the Orange County Register.The program, which offers an $8,000 tax cred
Homes Under 1M Sell Faster in Laguna and South Coast
Laguna Beach real estate may still be stuck in a slow phase, but homes priced below $1 million are becoming a strong force in the local market, data from San Diego-based firm Altera Real Estate showed this week.Broker Steven Thomas from Altera said t
Laguna Beach Home Sales Speed Up
Laguna Beach surprised real estate experts last week with an unexpected boost in home sales pace, whereas the other two South Coast cites, Dana Point and San Clemente, both slowed down in the same period.The market time for Laguna Beach homes fell fr
Luxury Laguna Homes Continue to Slash Prices
Following weeks of sluggish home sales and home price reductions, Laguna Beach seems to be on the slow road to recovery as home prices continue to drop, most notably in the city’s more upscale communities.The slowdown is most evident in Emerald
Laguna Beach Named Toughest City for Sellers
After an encouraging surge in the past couple of weeks, Laguna Beach seems to be back on the slow track. Recent data shows that the South Coast city is the hardest place to sell a home in Orange County in terms of market time (number of homes for sal
Laguna Beach No Longer O.C.’s Slowest Market
Laguna Beach is showing slight improvement after weeks of being the slowest housing market in Orange County. The city’s average market times dropped from 10.97 months at the start of the month to just 10.32 months as of September 21st.Corona del Ma
Laguna Beach Seeing Fewer Short Sales
Housing may still be down for most of the Orange County South Coast, but things aren’t looking too bad for Laguna Beach. For the past two weeks, it has had the lowest share of distressed homes in the South Coast compared to nearby Dana Point an
Laguna Beach Drops to Third Place as O.C.’s Slowest Market
Continuing a promising run in the past couple of weeks, market times for Laguna Beach homes have been further reduced, dropping the city to third place in the list of slowest housing markets in Orange County.Laguna Beach was previously ranked the slo
Inventory Drop Forces Down Laguna Beach Home Prices
The continued drop in local inventory has put pressure on the Laguna Beach housing market, particularly in the luxury sector. This week, several multimillion-dollar homes in the city saw significant price reductions, with some falling by up to $2 mil
Laguna Beach Dominates ‘Hottest Homes’ List
Despite dragging behind the rest of Orange County for the past few months, Laguna Beach continues to show signs of recovery as it furnished seven of the ten most desirable homes in the county’s famous South Coast area, according to data from Re
Laguna Beach Home Goes Into Foreclosure
An unfinished luxury home in South Laguna Beach has been given a foreclosure date after months of being listed as a short sale, adding to the growing wave of repossessions in the hard-hit South Coast city.The home is currently listed at $5.5 million,
Laguna Beach Has Fewer Distressed Homes
The number of short sales and foreclosures in Laguna Beach is down from two weeks ago, making it the fourth straight week of positive progress for the South Coast city, according to the latest reports from real estate firm Altera Real Estate.Of the 3
Laguna Beach Has Highest Concentration of $1M Defaults
Mortgage defaults are up significantly on the Orange County South Coast, but experts are particularly curious about the market in Laguna Beach, where close to half of the homes at risk of foreclosure are priced over $1 million.Of the 77 Laguna Beach
Laguna Beach Appraiser Fraud Uncovered
A Laguna Beach father and son are facing over 20 counts of fraud, conspiracy and grand theft after having allegedly misled lending institutions with inflated property appraisal values, local authorities reported.Sixty-year-old James Meritt Eaton and
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