Many people dream of living in a warm and sunny place with beautiful views of the sea. This is exactly what Laguna Beach has to offer. The city is located on the Pacific coast of California in Orange County, between Dana Point and Newport Beach. The place is known as a popular tourist center, but it could also be the right place to live. You should definitely learn more about the Laguna Beach real estate market: what properties are available and what the current price trends are.
As for the location, there are properties spread all over the coast. You will get great ocean views. The proximity of the beach is also an advantage. The Laguna Beach real estate market is full of properties elegantly hidden in the hills surrounding the ocean side. These are also great options, especially for those who value peace and quiet and their privacy. The city has good infrastructure. Both public and private schools are available for families with children. As a vacation spot, the city is full of restaurants and shops. It is also known as one of the most popular art centers in California.
There are different types of properties available in the Laguna Beach real estate market. Buyers may find apartments and small houses in different neighborhoods of the city. However, the market is primarily made up of single-family homes. In fact, most of these are large custom properties with various interior and exterior amenities. Buyers can choose between traditional homes built in the 1950s and newer homes that feature contemporary architectural and interior design styles.
Most of the high-end properties in the city are organized into beachfront communities. Three Arch Bay and Montage Properties boast exclusive locations, luxury and great amenities. Laguna Village and Emerald Bay are also popular for their luxury homes and services, though they have a more laid-back vibe. One of the popular hillside communities in the city is Laguna Canyon.
It is worth discussing Laguna Beach real estate prices in more detail. Current trends show that they have adjusted to 2004 levels. This is probably why buyer demand has increased significantly over the course of the last few months. In fact, the largest number of offers come from low-cost apartments and houses selling for less than $600,000. This has resulted in a slight increase in the actual selling price.
The situation with high-end houses is similar. Prices range from $900,000 and up, with many properties selling for just over a million. Real estate agents note a slight reduction in prices shaped by current market trends. In addition, the restrictions placed on large mortgages also push prices down. In addition, the competitiveness of the market allows a lot of room for negotiation, making it possible for buyers to significantly lower the sale price.
Overall, it can be safely said that now is the time to make a move in the Laguna Beach real estate market, as a buyer.