Laguna Woods Village (formerly known as Leisure World) is a Seniors (55 and better) community located in the City of Laguna Woods, California. There are approximately 15,000 residences and 18,000 residents. The close proximity to the beautiful coastal city of Laguna Beach, about 10 minutes away and it's location atop gently rolling hills overlooking Saddleback Valley make it a most desirable place to live. The community is guard-gated and offers many ammenities including 18 holes of golf for only $8 for residents and their guests.
The photo below was shot from the steps of the guard house at Gate 7 just last week. The snow-capped peaks in the background were an awesome sight to behold. Enjoy the view!
JANUARY 2009 MARKET SUMMARY & JANUARY 2008 MARKET COMPARISON
Laguna Woods, California - Closed Sales January 2009 - 24 Properties Found
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|
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|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
1 |
1 |
561 |
$10,000 |
$17.83 |
$6,250 |
$11.14 |
63.00% |
40.00% |
10 |
|
Avg |
1.8 |
1.75 |
1082 |
$225,129 |
$183.28 |
$202,339 |
$164.87 |
89.00% |
81.00% |
111 |
|
Max |
3 |
2 |
2606 |
$1,099,000 |
$421.72 |
$1,050,000 |
$402.92 |
100.00% |
100.00% |
663 |
In comparing the January 2009 acitivity to 2008 activity, there was 1 unit in The Towers that sold for $10,000 and one luxury home that sold in January 2009 while no towers units or luxury homes sold in January 2008. The chart below reflects the January 2009 sales excluding The Towers or luxury single family home sales:
Laguna Woods, California - Closed Sales January 2009 - 20 Properties Found
(Excluding Towers & Luxury SFR's)
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|
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|
|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
1 |
1 |
770 |
$92,000 |
$106.05 |
$89,000 |
$96.13 |
78.00% |
40.00% |
10 |
|
Avg |
1.8 |
1.75 |
1034 |
$200,455 |
$185.00 |
$179,995 |
$167.97 |
91.00% |
83.00% |
118 |
|
Max |
2 |
2 |
1780 |
$639,000 |
$358.99 |
$500,000 |
$306.02 |
100.00% |
100.00% |
663 |
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Laguna Woods, California - Closed Sales January 2008 - 47 Properties Found
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|
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|
|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/Sq Ft |
Sale Price |
SP/Sq Ft |
SP/LP |
SP/OLP |
DOM
|
|
Min |
1 |
0 |
673 |
$110,000 |
$126.36 |
$105,000 |
$123.89 |
75.00% |
64.00% |
0 |
|
Avg |
2.0 |
1.75 |
1041 |
$248,138 |
$230.58 |
$230,708 |
$215.05 |
92.00% |
86.00% |
91 |
|
Max |
3 |
2 |
1500 |
$575,000 |
$382.55 |
$520,000 |
$380.00 |
100.00% |
100.00% |
347 |
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Below is the comparison of the averages for January 2008 and January 2009 sales:
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|
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Jan-2009 Avg
|
1034 |
$200,455 |
$185.00 |
$179,995 |
$167.97 |
91.00% |
83.00% |
118 |
|
|
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|
Jan 2008 Avg
|
1041 |
$248,138 |
$230.58 |
$230,708 |
$215.05 |
92.00% |
86.00% |
91 |
|
Difference |
-7 |
-47683 |
-45.58 |
-50713 |
-47.08 |
-0.01 |
-0.03 |
27 |
SUMMARY:
- Total number of sales declined from 47 sales in January 2008 to 24 in January 2009.
- While the properties sold were of similar average size, the price per square foot has decreased by $47.08 per square foot and a reduction in average sales price of $50,713.
- The ratio between list price to sales price is holding fairly steady with only a 1% reduction in January 2009 at 91% versus 92% in January 2008.
- The average Days on Market (DOM) has increased from 91 days in January 2008 to 118 days in January 2009.
There are currently 390 active listings in Laguna Woods Village. If we divide that by the 24 sales in January 2009, that calculates 16.25 months of inventory (assuming no other properties come on the market.)
Properties that are priced well, in good condition, and available for agents to show are selling. If you are considering selling your property in Laguna Woods Village, it would be my pleasure to prepare a property evaluation for you at no charge and with no obligation.
If you are considering purchasing or leasing in Laguna Woods Village, it would be my pleasure to provide you with information to assist you in your search.
Marlene Bridges, REALTOR®, Certified Residential Specialist®, Seniors Real Estate Specialist®, President Laguna HIlls/Laguna Woods Chamber of Commerce
Sherman Smith & Associates-Laguna Niguel, CA
800 777-1775 or text me at 714 745-2592
www.LiveTheCaliforniaDream.com
All statistics compiled from SoCal MLS and are deemed accurate but not guaranteed.
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