FROM THE PUBLISHERS OF
“ Our Town-Our Paper ”
CoastalRealEstateGuide . com MAY 12 , 2023 | VOL . 13 , ISSUE 19
FEATURED PROPERTY : LAGUNA BEACH Mid Century Modern Meets Industrial at this Truly Unique Laguna Home
Architectural elegance and luxury meet at this exquisite home where no expense has been spared to ensure an ultimate living experience . This three-level home presents a unique opportunity to soak in the exceptional ocean views from every level , within an environment where mid-century modern meets industrial . With 4 bedrooms , 3 bathrooms , a bonus gym / art studio , and an entirely remodeled ADU , the opportunities are endless . Upon entering this magnificent property , you are immediately greeted by a breathtaking ocean view that sets the tone for the sophisticated design and luxurious finishes . A truly unique home inside and out with wooden beams , tall glass windows , and an emphasis on indoor-outdoor living , there is truly nothing like it . Proximity to Thousand Steps Beach , West St . Beach , and with few neighbors , this home ensures a great sense of privacy and guarantees you ’ re never far from the sun , sand , and surf that Laguna Beach is known for .
Property : 31844 Coast Hwy , Laguna Beach Offering Price : $ 3,790,000 Agent Info : The Penny & Don Pattillo Team , 949.632.2252 , pennyanddon . com
LOCAL REAL ESTATE MARKET REPORT
LAGUNA BEACH , CA
This week the median list price for Laguna Beach , CA 92651 is $ 6,092,500 with the market action index hovering around 33 . This is an increase over last month ’ s market action index of 31 . Inventory has held steady at or around 84 .
The market continues to get hotter . More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices . Current supply and demand levels show no sign of prices changing from their current trend .
MARKET ACTION INDEX This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
NEWPORT BEACH , CA THU MAY 11 2023 This week the median list price for Newport Beach , CA is $ 4,999,999 with the market action index hovering around 35 . This is an increase over last month ’ s market action index of 34 . Inventory has increased to 105 .
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks . This is a Seller ’ s market so watch for upward pricing pressure in the near future if the trend continues ..
MARKET ACTION INDEX This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .