Laguna Niguel Homes for Sale – What Happened in the Laguna Niguel Real Estate Market in July 2012.
If you are considering buying or selling a home in the Laguna Niguel real estate market, knowing the latest market information will enable you to make an informed decision related to Laguna Niguel Homes for Sale. Laguna Niguel is a beautiful coastal community located in South Orange County, and home and condo prices are relatively stable in the area. Like most communities in the area, inventories are low and homes in the low to mid range of the market are in high demand. It’s important to work with a local realtor who knows the market inside and out.
The Laguna Niguel real estate market posted excellent results in July 2012 with 105 closed sales vs. 92 closed sales in July 2011 – down from 117 closed sales in June 2012! Demand for Laguna Niguel housing remains strong - as of August 4, 2012, 56% of the 429 available listings in Laguna Niguel are currently in escrow. At the current sales pace, there is less than a 2 month supply of homes (189 active Laguna Niguel MLS listings).
- For the month of July 2012 105 homes in Laguna Niguel sold at an average final selling price of $600,536.
- The average original asking price of these homes was $610,024 – selling at 98% of list price.
- The range of final selling prices was from a low of $110,000 to a high of $1,825,000 (includes attached and detached homes).
- Of the 105 homes that sold, 72 homes were standard equity sales and 31 were distressed sales – either short sales or bank owned foreclosures.
- July sold homes were on the market an average of 65 days, down from 105 days in July 2011. Laguna Niguel homes sales are brisk! Prices were up 3.2% vs. the previous July (on a price/sq ft basis).
If you are looking to buy or sell Laguna Niguel real estate it's important to be informed. Call us anytime at 949-500-0484 with any questions on buying or selling Laguna Niguel homes.
Useful Resources for Laguna Niguel Home Buyers:
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