Sales Rise 41% in Laguna Beach for the 1st Quarter

The Orange County Register (OCR) reported there was a 41% rise in sales for the first quarter of 2011 in Laguna Beach. Orange County had more than 6000 homes sold and the inventory for distressed sales is declining.
Source: OCR, Sunday, 4/24/2011

Survey: Americans Still Optimistic About Housing Market

A sluggish real estate market hasn’t shaken the confidence of the public in how it views home ownership, according to a new study by the Pew Research Center. Eight in 10 adults (or 81 percent) say owning a home is the best long-term investment a person can make, according to the Pew study of about 2,000 adults conducted in March.
“Home owners are not blind to what has happened to home prices, nor are they expecting a speedy recovery,” according to the Pew study. In fact, of the home owners surveyed, about half said their home is worth less now than before the recession, while 31 percent said their home’s value has stayed the same.


Nevertheless, 82 percent of home owners who say their home is worth less now than before the recession either strongly or somewhat agree that home ownership is the best long-term investment a person can make, according to the survey.

Source: Pew Research Center, "Home Sweet Home. Still," April 12, 2011

Very Good News About Laguna Beach and Coastal Properties

I am very happy to report that home sales in Laguna Beach are very good...for the first quarter.

Home sales for January 2011 are twice as much as January 2009 and sales for February and March are five times higher than in 2009. Moreover, active listings are down from the same years which indicate that the supply of homes for sale are down. Pending sales, sales which have not closed escrow yet, are double as compared to January, February and March of 2009.

If you would like detailed information about your neighborhood,, please contact me.