Laguna Hills Price Reductions

lh-sept-active-listings.jpg

It seems the market’s starting to settle a bit from the spring/summer “rush”.  Well, if by rush you mean a slight nudge.  Usually we see a significant increase in market activity during the summer months.  I’d say this year it was like taking a soccer ball and kicking it through 3 inches of mud.  The sucker just slips forward very quietly about an inch and stops.

In fact, the inventory is definitely smaller.  For the first time I searched all active listings in Laguna Hills and they all fit onto the map at one time (note map above).   In fact there are only about 289 homes & condos on the market in Laguna Hills right now.  Sure it’s down from last month but we’re not quite back to April inventory yet either.  My guess it inventory will stay a little higher because homes weren’t getting snagged up quickly as often seen in the summer peak.   On average it’s taking about 91 days to sell your property in Laguna Hills.

So what’s going on?  Here are a few recent price reductions. 

22445 Caminito Grande
3 beds /2 baths /1,200 Sq Ft
Previously Listed:  $399,000
Currently Listed:   $359,900
% Reduction:  10%

24632 Creekview Dr
4 beds / 3 baths / 2,808 Sq Ft
Previously Listed:  $629,000
Currently Listed:   $599,000
% Reduction:  5%

23246 Caminito Marcial #94
3 beds / 2 baths / 1,557 Sq Ft
Previously Listed:  $299,000
Currently Listed:  $287,000
% Reduction:  4%

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    I wanted to research this subject and write a paper. Your post what a thousand words would not. Nice job.