Page 1

SIGNIFICANT RECENT SOLD LISTINGS

407 SNUG HARBOR

1221 SURFLINE

312 CARNATION

108 11TH STREET

$4,400,000 | REP. BUYERS & SELLERS SOLD IN UNDER THREE WEEKS, RECORD SALE IN CLIFFHAVEN

$3,450,000 | REPRESENTED BUYERS SOLD AT 92% OF LIST PRICE

$3,125,000 | REPRESENTED SELLERS HIGHEST PRICE NON-WATERFRONT CONDO EVER

$2,785,000 | REPRESENTED SELLERS HIGHEST PRICED SALE FOR A NON-OCEANFRONT PROPERTY SINCE FEBRUARY 2016

712 HELIOTROPE

715 HELIOTROPE

719 HELIOTROPE

2201 WATERFRONT

$2,550,000 | REPRESENTED SELLERS SOLD WITHIN 3 WEEKS OF COMPLETION AT 98% OF LIST PRICE – SECOND HIGHEST PRICE PER SQUARE FOOT FOR A FRONT UNIT, EVER

$2,475,000 | REPRESENTED SELLERS SOLD AT 99% OF LIST PRICE

$2,325,000 | REPRESENTED SELLERS SOLD IN ONE DAY AT 97% OF LIST PRICE – SECOND HIGHEST PRICE EVER FOR A DUPLEX ON 30 FOOT LOT, NORTH OF PCH

$2,200,000 | REPRESENTED BUYER & SELLER SOLD IN THREE WEEKS

429 MARIGOLD

422 ORCHID

2521 BUNGALOW

310.5 IRIS

$2,100,000 | REPRESENTED SELLERS SOLD OFF MARKET

$1,949,000 | REPRESENTED SELLER SOLD IN ONE DAY AT 100% OF LIST PRICE WITH MULTIPLE OFFERS

$1,805,000 | REPRESENTED SELLER SOLD IN 3 DAYS OVER ASKING PRICE – HIGHEST SALE EVER IN SAILHOUSE

$1,800,000 | REPRESENTED SELLER SOLD AT 98% OF LIST PRICE – HIGHEST PRICE REAR UNIT SOUTH OF BAYSIDE DRIVE SINCE 2004

712.5 HELIOTROPE

505 MARGUERITE

45 CUDAHY

2929 FIRST

$1,600,000 | REPRESENTED SELLERS SOLD IN ONE DAY AT 100% OF LIST PRICE WITH MULTIPLE OFFERS – HIGHEST PRICE PER SQUARE FOOT EVER FOR A BACK UNIT NORTH OF PCH

$1,595,000 | REPRESENTED SELLER SOLD OFF MARKET AT 100% OF LIST PRICE

$1,475,000 | REPRESENTED SELLERS SOLD AT 98% OF LIST PRICE

$1,289,000 | REPRESENTED SELLERS SOLD AT 99% OF LIST PRICE

2606 BUNGALOW

504.5 MARGUERITE

706.5 LARKSPUR

614.5 ORCHID

$1,285,000 | REPRESENTED BUYER & SELLER SOLD AT 98% OF LIST PRICE

$1,140,000 | REPRESENTED BUYER & SELLER

$1,139,000 | REPRESENTED SELLERS SOLD AT 100% OF LIST PRICE WITH MULTIPLE OFFERS DUE TO MY STAGING INPUT

$1,065,000 | REPRESENTED SELLERS SOLD AT 98% OF LIST PRICE – SECOND AGENT ASSIGNED TO SELL THE PROPERTY

22862 MONTEAGO

12 CORTE ALJIBE

554 HAZEL

2600 POINT DEL MAR

$795,000 | REPRESENTED SELLERS SOLD AT 99% OF LIST PRICE

$585,000 | REPRESENTED SELLERS SOLD AT 99% OF LIST PRICE IN UNDER ONE WEEK

$9,000/MONTH | REP. LANDLORD & TENANT 100% OF LIST PRICE

$7,000/MONTH | REP. LANDLORD & TENANT 100% OF LIST PRICE UNDER THREE WEEKS

700 MARGUERITE

600 HELIOTROPE

2511 POINT DEL MAR

2672 BUNGALOW

$6,550/MONTH | REPRESENTED LANDLORD SOLD FOR 100% OF LIST PRICE ON MARKET FOR TWO DAYS

$5,500/MONTH | REPRESENTED TENANT SOLD FOR 100% OF LIST PRICE

$5,800/MONTH | REPRESENTED LANDLORD SOLD FOR 97% OF LIST PRICE

$5,650/MONTH | REP. LANDLORD & TENANT HIGHEST PRICE EVER FOR A LEASE IN SAILHOUSE


A SUCCESSFUL SEASON — A NOTE FROM CASEY —

Some perceive the holidays as a time to wind down business and gear up for the new year. Contrary to this perception, one of my busiest time of the year in selling property - annually - has been October through December. The buyers that are out at this time are serious and ready to make decisions prior to the calendar year closing. I strive to continue my records! Please contact me if you are considering some options – I am ready to work around your schedule.

– Casey Lesher

Year

2014 (Nov.–  D ec.)

2015 (Nov.–  D ec.)

2016 (Nov.–  D ec.)

Number of Homes

36

46

38

Average Days on Market

71

105

84

Sale Price (as % of List Price)

96 %

94 %

95 %

SIGNIFICANT OFFERINGS

FEATURED ON COVER

19 614.5 AVOCADO, CORONA DEL MAR

2723 OCEAN, CORONA DEL MAR

ACTIVE | $1,299,000

ACTIVE | $19,000/MONTH

A TRUE THREE BEDROOM, THREE BATH PROPERTY ON THE BEACH SIDE OF THE HIGHWAY.

SPECTACULAR THREE BEDROOM PLUS CASITA ON THE BLUFFS OF CHINA COVE. PANORAMIC VIEWS THROUGHOUT THE PROPERTY.

2824 OCEAN, CORONA DEL MAR

2606 BUNGALOW, CORONA DEL MAR

ACTIVE | $13,000/MONTH

ACTIVE | $6,000/MONTH

FOUR BEDROOM UNIT WITH A SEPARATE GUEST HOUSE. GREAT LOCATION AND FLOORPLAN WITH VIEWS FROM EVERY ROOM.

RECENTLY REMODELED. HIGHLY DESIREABLE OPEN FLOORPLAN IN SAIHOUSE. THREE BEDROOM UNIT WITH A TWO CAR GARAGE.


1200 Newport Center Drive, Suite 100 Newport Beach, California 92660

ACTIVE 12

  714 MARGUERITE | CORONA DEL MAR | $3,299,000

BY RENOWNED ARCHITECT, CRAIG HAMPTON, THIS OPEN, FOUR BEDROOM, SINGLE FAMILY HOME OFFERS SPACE, SECLUSION AND SPLENDOR. CUSTOM BUILT IN 2015.

IN ESCROW 09

  708 HELIOTROPE | CORONA DEL MAR | $2,500,000

SOLD BEFORE COMPLETION. PATTERSON CUSTOM HOMES AND INVESTOR HAVE COLLABORATED TO CONSTRUCT A PRODUCT LIKE NO OTHER ON THE MARKET!

CASEY LESHER 949.702.7211 clesher@homgroup.com

For an inclusive porfolio and distinctive offerings, visit:

CASEYLESHER.COM

The information included on this page is based on information from California Regional Multiple Listing Service and other sources as of 09.12.2017 – 10.04.2017 for Corona Del Mar. Display of data from MLS and other sources is deemed reliable but not guaranteed accurate by the MLS and other sources. This representation represents most transactions by a single agent for Corona Del Mar. CalBRE 01795953

CASEYLESHER.COM ISSUE NO. 39

presented by caseylesher

MARKET WATCH


PROPERTY LISTINGS : CORONA DEL MAR VILLAGE NO.

ADDRESS

LIST PRICE

NORTH OF PACIFIC COAST HIGHWAY REAR HOMES BUILT 2009 OR OLDER $1,765,000 423.5 Poppy Avenue 01 Corner lot location with ocean views $1,389,000 703.5 Marguerite Avenue 02 Larger in size for a rear unit at 1,400 square feet $899,000 718.5 Marguerite Avenue 03 Significant deferred maintenance REAR HOMES BUILT 2010 OR NEWER $1,498,000 617.5 Poppy Avenue 04 New modern construction and a three bedroom FRONT HOMES BUILT 2009 OR OLDER 05 $2,190,000 619 Poppy Avenue

ORIG. PRICE

SOLD PRICE

$1,875,000

SEPTEMBER 12  —  OCTOBER 4, 2017

DOM

DATE CLOSED

148

$1,389,000

$1,389,000

8

9/15/17

$899,000

$850,000

45

9/26/17

$1,498,000

5

$2,190,000

7

06

$1,995,000 $2,099,000 $1,980,000 621 Poppy Avenue FRONT HOMES BUILT 2010 OR NEWER $2,389,000 $2,389,000 613 Larkspur Avenue 07 Nice north-side location and very nice and current front home $2,498,000 $2,498,000 617 Poppy Avenue 08 New construction $2,495,000 $2,495,000 708 Heliotrope Avenue 09 Patterson Custom Home - New construction - Sold before completion $2,495,000 $2,600,000 $2,475,000 715 Heliotrope Avenue 10 Patterson Custom Home SINGLE FAMILY RESIDENCE BUILT 2010 OR NEWER $3,199,000 $3,199,000 408 Poinsettia Avenue 11 Recently relisted $3,299,000 $3,499,000 714 Marguerite Avenue 12 Best Value - newer and current single family home 13 $3,895,000 $3,895,000 $3,785,000 711 Larkspur Avenue SINGLE FAMILY RESIDENCES ON R2 LOTS $1,997,500 $1,977,500 712 Marguerite Avenue 14 Tear down - developer opportunity $1,949,000 $1,949,000 $1,949,000 422 Orchid Avenue 15 Tear down - developer opportunity DUPLEXES $2,298,500 $2,298,500 517 Orchid Avenue 16 Non-conforming triplex $2,300,000 $2,300,000 721 Jasmine Avenue 17 Remodeled Duplex 18 $1,999,000 $1,999,000 $1,999,000 617 Marguerite Avenue SOUTH OF PACIFIC COAST HIGHWAY - NORTH OF BAYSIDE DRIVE REAR HOMES BUILT 2009 OR OLDER $1,299,000 $1,299,000 614.5 Avocado Avenue 19 Best Value - 3 bedroom rear home - South of highway - current remodel $899,000 $899,000 618.5 Avocado Avenue 20 Small rear home $1,495,000 $1,495,000 412.5 Acacia Avenue 21 Model-perfect rear home, ideally located with views SANDCASTLE CONDOS $825,000 $825,000 $860,000 783 Avocado Avenue 22 Ocean view deck FRONT HOMES BUILT 2009 OR OLDER $1,730,000 $1,885,000 428 Heliotrope Avenue 23 Side-by-side unit SINGLE FAMILY RESIDENCES BUILT 2009 OR OLDER $2,379,000 $2,379,000 505 Dahlia Avenue 24 Charming cottage - quick sale $2,499,000 $2,595,000 610 Carnation Avenue 25 Great value - Single family residence in model-perfect condition DUPLEX $2,250,000 $2,250,000 420 Heliotrope Avenue 26 Nice rental units 3/3 in front and 2/2 in back TRIPLEX 27 $1,923,000 $1,923,000 411 Jasmine Avenue SOUTH OF PACIFIC COAST HIGHWAY - SOUTH OF BAYSIDE DRIVE REAR HOMES BUILT 2010 OR NEWER 28 $2,199,000 $2,199,000 214.5 Marguerite Avenue

147

9/29/17

21 5 120 92

NO.

ADDRESS

LIST PRICE

ORIG. PRICE

39 40 41

$2,588,000

12 100 101

9/12/17

308 2

9/15/17

4 5 2

9/28/17

9 10 21

5

9/21/17

187

27 163

44

1

71 27 2

9/13/17

105 $3,300,000

107

9/25/17

$9,800,000

16

9/26/17

SEPTEMBER 12  —  OCTOBER 4, 2017

SHORECLIFFS $4,275,000 $4,475,000 76 127 Shorecliff 49 Large ocean view lot with original well-maintained home - first time on the market since 1964 $4,895,000 $4,995,000 131 130 Shorecliff 50 Very cool, rebuilt home $6,395,000 $6,695,000 196 224 Driftwood 51 Very nice, Cape Cod home built in 2006 $5,995,000 $6,495,000 238 230 Driftwood 52 Beautiful Mediterranean-revival home built in 2006 with extensive remodel in 2015 $3,895,000 $3,895,000 80 237 Evening Canyon 53 Developer opportunity on a large flat lot over Buck Gully $2,999,000 $29,99,000 47 254 Driftwood 54 Original home - developer opportunity $7,188,000 $7,495,000 381 238 Evening Canyon 55 Large home - over 7000 square feet built in 2010

177 42 20 $5,500,000

232

9/22/17

PROPERTY LISTINGS : IRVINE TERRACE SUBTITLE 610 Malabar 56 711 K Thanga 57 1009 Dolphin 58 1300 Santanella 59 1519 Bonnie Doone 60 1535 Dolphin 61 -

9/29/17

9/29/17

77

$2,995,000 $3,295,000 4501 Wayne Great elevated corner lot - beautifully remodeled $3,749,000 $3,749,000 4721 Dorchester Second time on the market, now with a quick sale - nice home with big views $3,200,000 $3,200,000 $3,150,000 4701 Surrey Builder opportunity on a large 11,000 plus square foot lot

CORONA HIGHLANDS $849,900 $890,000 401 Seaward 45 1400 square feet - A "wow" price per foot at $607 $5,998,000 $5,998,000 620 Seaward 46 Stunning new construction with views $875,000 $875,000 501 Morning Canyon 47 Best unit location in Canyon Cove $6,495,000 $6,999,999 433 Isabella 48 Builder opportunity - massive 29,000 square foot lot with views

DATE CLOSED

20

$2,650,000

CAMEO SHORES $3,799,000 $3,995,000 339 Cameo Shores 42 Cool and updated mid-century home $3,990,000 $4,500,000 4501 Hampden 43 Large corner lot - significant sale price vs. list price $10,950,000 $10,950,000 4521 Roxbury 44 On the market for a total of 565 days - originally listed at $1,395,000

DOM

UPPER LEVEL CONDOS BUILT 2009 OR OLDER 29 $1,079,000 $1,079,000 2 330 Marguerite Avenue B CHANNEL REEF CONDOS $1,650,000 $1,650,000 32 2525 Ocean Boulevard D3 30 6th floor - ideal view, straight down the harbor - quick sale FRONT HOMES BUILT 2009 OR OLDER $1,279,000 $1,279,000 57 311 Fernleaf Avenue 31 Single level condo - nice location of the 300 block FRONT HOMES BUILT 2010 OR NEWER 32 $2,950,000 $2,950,000 20 214 Marguerite Avenue SINGLE FAMILY RESIDENCES BUILT 2009 OR OLDER $4,299,000 $4,299,000 18 321 Poppy Avenue 33 45 foot lot $2,799,000 $2,799,000 8 328 Hazel Drive 34 Well maintained - older home with ocean views $26,900,000 $26,900,000 16 3619 Ocean Boulevard 35 Beach-side of Ocean Blvd - Large home at 7000 square feet $3,800,000 $3,800,000 14 226 Orchid Avenue 36 Developer Opportunity on ideal 200 block - multiple offers - closed 100,000 over list price $3,399,000 $3,399,000 $3,125,000 23 312 Carnation Avenue 37 Three story attached single family residence with views

PROPERTY LISTINGS : CAMEO HIGHLANDS | CAMEO SHORES | CORONA HIGHLANDS | SHORECLIFFS CAMEO HIGHLANDS 38 4614 Cortland

SOLD PRICE

SEPTEMBER 12  —  OCTOBER 4, 2017

$3,900,000

$4,290,000

42

$4,295,000

$4,450,000

155

$6,295,000

$6,500,000

201

$3,394,950

$3,395,000

56

$3,199,000

$3,299,000

63

$9,995,000

$9,995,000

2

62 63 64

1627 Bayadere 1849 Seadrift 1901 Chubasco Dr -

MAI KAI CONDOS 1215 Bayside Drive #103 65 1227 Bayside Drive #106 66 -

$6,650,000

$6,850,000

152

$3,999,000

$4,349,000

166

$2,650,000

$2,725,000

41

$2,950,000

$2,950,000

$2,865,000

11

9/29/17

$5,375,000

$5,375,000

$5,100,000

0

9/27/17


CORONA DEL MAR VILLAGE

SEPTEMBER 12  —  OCTOBER 4, 2017 00

ACTIVE PROPERTIES (16)

00

IN ESCROW PROPERTIES (12)

00

SOLD PROPERTIES (08)

22 20 19

25

10 21

24

09

17

13

37

03

02

07 23

12 14

18

26 31 30

27

16 04

05

06

08

29 15

11 32

01

28

33 36

34

35

I have buyers calling me daily searching for Corona del Mar properties that they cannot find on the open market.

If you are thinking of selling — contact me! I may already have a buyer for you!

1: Rosanne Maniscalchi, Podley Properties; 5: Michelle Brown, Surterre Properties; 4,8: Leo Goldschwartz, McMonigle Group; 7,25,42,60: Timothy Tamura, VALIA; 10,15,19,37,9,12: Casey Lesher, HOM Sotheby's International; 11,23,63: Tim Smith, Coldwell Banker; 14: Mark Simon, Berkshire Hathaway; 16: Troy Hooper, Redfin; 17: Russell Fluter, Russell E. Fluter; 20: Rita Strickroth, Podley Properties; 21: Jody Chapman, Surterre Properties; 24: Kristi Kirkpatrick, Coldwell Banker; 26: Sarah Piazza, Evergreen Realty; 27: Janelle File, Surterre Properties; 28: Robbie Fabricant, A2Z Homes, Inc.; 29: Kristin Halton, Teles; 30: Nedda Mitchell, Villa; 31: Divina Buehlman, Bennion Deville Homes; 32: Julian Tooma, Julian Tooma, Broker; 33: Mark Ferraro, Mark Ferraro; 34: Jim Schumacher, Coldwell Banker; 35,39: Kim Walker, Surterre Properties; 36,52: Evan Corkett, Villa; 38: Summer Perry, Surterre; 45: John Fiore, Tarbell; 46: John Cain, HOM Sotheby's International Realty; 47: Susan Lindstrom, Regency; 49: Matt Perry, Arbor; 50: Brian Thomas, Surterre; 51: John Stanaland, HOM Sotheby's International Realty; 53,40: Katrina Smith, Pinpoint Properties; 54: Laurie Eastman, Surterre; 55,61: Sean Stanfield, HOM Sotheby's International Realty; 56: Travis White, First Team; 57: John McMonigle, McMonigle Group; 58: Marci Lewis, RE/MAX; 59: Matt Genova, Arbor; 62: Jim Kline, Surterre; 64: Kate Colesworthy, Keller Williams; The above is based on information from the Association of Realtors/Multiple Listing Service from 09.12.2017 to 10.04.2017 and/or other sources. Display of the MLS data is deemed reliable but not guaranteed by the MLS or HÔM Sotheby’s International Realty. The information represents activity of all Brokers, the HÔM Sotheby’s International Realty Broker or Agent providing the information contained herein may or may not have been the Listing Agent and/or Selling Agent. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. HÔM Sotheby’s International Realty is independently owned and operated.


CAMEO HIGHLANDS | CAMEO SHORES | CORONA HIGHLANDS | SHORECLIFFS 48 46

00

ACTIVE PROPERTIES (09)

00

IN ESCROW PROPERTIES (05)

00

SOLD PROPERTIES (01)

45

53

47

55

41 40

54 52 38

51

43 39

49

50 44

42

IRVINE TERRACE

58

57

59

00

ACTIVE PROPERTIES (08)

00

IN ESCROW PROPERTIES (04)

00

SOLD PROPERTIES (02)

60

65 66

56 61

64

63 62

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