30812 S. Coast Highway Laguna Beach, CA 92677
September 2018 | Investment Property Market Report
LAGUNA BEACH Prepared Especially for JO HN ATHAN AN D AN G ELA- MARI E W I L L I AMS
ADRIAN SOUMEEH MBA | Broker Associate | REALTOR
WWW.ADRIANLAGUNAREALTY.COM
®
CalBRE# 01964977
949.294.3950 a.soumeeh@gmail.com www.soumeeh.com
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | © 2018
DO YOU KNOW THE TRUE VALUE OF YOUR PROPERTY?
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A MESSAGE FROM YOUR LAGUNA BEACH REAL ESTATE SPECIALIST Understanding your property is one of the largest investments you will ever make, I believe keeping you informed of current market trends and Laguna Beach property values is one of the greatest services I can provide. Thank you for taking the time to read my report. If you have any questions regarding any of the information contained herein or would like to discuss the value of your property, please don’t hesitate to call me. Should you know anyone outside the community who might enjoy receiving a copy, please forward their address and I will add them to my mailing list.
Adrian Soumeeh
THIS IS YOUR TRUSTED RESOURCE: ▶▶ Up-to-date Home Assessment ▶▶ Hyper Local Online Exposure ▶▶ Market Knowledge and Expertise ▶▶ Exceptional Service and Negotiation
WWW.ADRIANLAGUNAREALTY.COM JOHNATHAN AND ANGELA-MARIE, When you are ready to list your home, this information and my local expertise will ensure we can maximize the sale value of your home. Call me today at 949.294.3950.
Presented by Adrian Soumeeh Your Laguna Beach Real Estate Specialist
MBA | Broker Associate | REALTOR® CalBRE# 01964977
949.294.3950 a.soumeeh@gmail.com www.soumeeh.com Follow me on:
WWW.ADRIANLAGUNAREALTY.COM
L AG U N A B E AC H JOHNATHAN AND ANGELA-MARIE, If you want to know what your home would sell for in today’s market, contact me today at 949.294.3950.
CURRENTLY LISTED IN YOUR AREA
Change
Total Sales
5
13
-61.5%
Average Sold Price
$1,781,800
$1,805,962
-1.3%
Days on Market
130
84
+54.8%
Average Price per Sq. Ft.
$951
$912
+4.3%
Average SP/LP Ratio
93.3%
93.8%
-0.5%
Year-To-Date
2018
2017
Change
Total Sales
4
4
Same
Average Sold Price
$3,233,750
$3,096,250
+4.4%
Days on Market
28
153
-81.7%
Average Price per Sq. Ft.
$966
$981
-1.5%
There is One Property Currently Pending in Your Area
Average SP/LP Ratio
97.8%
93.0%
+4.8%
For more up-to-date information, please call me at 949.294.3950.
Year-To-Date
2018
2017
Change
Total Sales
4
1
+300%
Average Sold Price
$7,106,250
$14,000,000
-49.2%
Days on Market
103
146
-29.5%
Average Price per Sq. Ft.
$883
$2,000
-55.9%
Average SP/LP Ratio
124.6%
84.8%
+39.8%
GROSS INCOME
Cypress Drive Loma Terrace
3 3
1,600 2,100
1929 1948
$1,650,000 $1,995,000
08/06/18 07/31/18
$67,000 $98,400
Active Active Active Active Active Active
Diamond Street Park Avenue Oak Street Coast Highway Glenneyre Street Coast Highway
2 2 3 2 2 5
3,100 2,200 2,500 3,400 4,500 4,300
1949 1932 1955 1989 1977 1956
$1,995,000 $1,999,999 $2,495,000 $2,990,000 $3,399,000 $4,295,000
05/28/18 09/29/17 02/05/18 12/03/17 05/01/18 06/30/18
N/A N/A $95,700 $10,000 N/A $191,340
Active Active Active Active
Coast Highway Gaviota Drive
5 2
4,100 2,800
1965 1963
$5,900,000 $6,200,000
06/07/18 01/02/18
N/A $378,000
Ocean Front Cress Street
2 3
2,500 2,600
2005 1955
$7,200,000 $7,800,000
05/15/18 08/10/18
$255,500 $300,384
1
6
SOLD IN THE LAST 90 DAYS IN YOUR AREA NUMBER OF ESTIMATED UNITS SQUARE FEET*
12
YEAR BUILT
LIST PRICE
LIST DATE
SOLD PRICE SOLD DATE
GROSS INCOME
Sold Sold
518 Thalia Street 721 Browncroft Road
2 2
1,800 2,600
1962 1980
$1,795,000 $2,349,000
01/02/18 01/17/18
$1,610,000 $2,300,000
09/06/18 09/01/18
$58,800 N/A
Sold Sold
970 Glenneyre Street 931 S Coast Highway
6 8
4,600 5,600
1954 1965
$3,410,000 $6,700,000
08/23/18 04/09/18
$3,410,000 $5,825,000
08/24/18 08/17/18
N/A N/A
Sold Sold
222 Arch Street 2875 Terry Road
13 2
12,300 2,500
1971 1942
$11,000,000 $2,099,000
05/07/18 04/13/18
$10,500,000 $2,099,000
08/01/18 07/20/18
$540,660 $42,000
Adrian Soumeeh and Berkshire Hathaway HomeServices California Properties are not in any way affiliated with any Laguna Beach Home Owners Association, nor is this in any way an official advertisement or publication of Laguna Beach. ©2018 Berkshire Hathaway. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to California Regional Multiple Listing Service (CRMLS) from June 12th, 2018 to September 10th, 2018. Listings and sales may not be those of Adrian Soumeeh. The National Association of Realtors® and CRMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet are rounded to the nearest hundred.
CURRENT ACTIVE LISTINGS
CURRENT PENDING LISTINGS
PROPERTIES SOLD IN THE LAST 90 DAYS
$2,500,001 TO $3,500,000
LIST DATE
OVER $3,500,001
LIST PRICE
$1,000,000 TO $2,500,000
2017
YEAR BUILT
STATUS ADDRESS
Y E A R -T O - D A T E R E V I E W 2018
ESTIMATED SQUARE FEET*
Active Active
“
- Karen C., Laguna Beach, CA
Year-To-Date
NUMBER OF UNITS
STREET NAME
Adrian Soumeeh did a great job for us selling our house in Laguna and helped us find a replacement home that met our needs and was within our budget. We chose Adrian after meeting with two other agents. He priced our home higher than the other Realtors recommended and ended up selling our home for over asking price. I would recommend Adrian and his team.
L AG U N A B E AC H
INVESTMENT PROPERTY MARKET REPORT
STATUS
”
A FEW KIND WORDS FROM HAPPY CLIENTS
ADRIAN SOUMEEH
JOHNATHAN AND ANGELA-MARIE, As your Laguna Beach Real Estate Specialist, it is my mission to help you earn the most from your investment through each step. Call me at 949.294.3950 to learn how my marketing and negotiation skills have achieved proven results and can help you achieve your real estate goals. Reflects data from the CRMLS from January 1st through September 10th, 2017 and 2018. Deemed accurate but not guaranteed.