Have the luxury homes really suffered along the coast? Do the Laguna Beach oceanfront and ocean view homes sustain their value? I compared the first seven months of this year in 2009, to last year in 2008. What I saw was interesting. The average sale price of a Laguna Beach oceanfront or Laguna Beach ocean view home, from January-July last year was approx. $2.1 million. This year thus far it is $2 million. Not much difference. Now it will take a Laguna Beach oceanfront or Laguna Beach ocean view home on average 5 months to be sold, with the oceanfronts taking longer. Additionally, more than ¼ of the homes bought this year have been all cash buys. There still is much inventory for sale in Laguna Beach, with more than 200 homes priced over $2 million. It will be fun to watch over the next few months as we finish out the year but thus far the homes have held their own.
Gilda Duhs
Broker Associate
Coldwell Banker
Laguna Beach
(949)-683-7232-Cell Phone
http://www.CoastalViewsRealEstate.com
www.Gilda.Duhs@cox.net
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