Adrian Soumeeh - North Laguna - September 2018

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.