CREG 01.19.24 by Times Media Group

e Essence of Coastal Living in Laguna

This recently remodeled 3-bedroom, 2-bathroom Laguna Beach home features breathtaking coastline and ocean views and seamlessly blends modern elegance and coastal allure with high-end finishes and meticulous attention to detail. The open floor plan kitchen, a chef’s dream, features top-of-the-line appliances, sleek quartzite countertops, and ocean views. Equipped with Smart Wi-Fi connected Samsung appliances, including a fridge, freezer, range oven, dishwasher, and washer/dryer, the home offers convenience.

Property: 883 Santa Ana Street, Laguna Beach Offering Price: $2,340,000

The bonus room downstairs is perfect for entertaining. Step onto one of the two decks to immerse yourself in the coastal and ocean views. Conveniently located near Moulton Meadows Park with hiking trails, the home provides easy access to outdoor recreation. Positioned for the essence of coastal living, it offers a serene retreat with proximity to Laguna Beach’s vibrant amenities. Don’t miss the opportunity to make this coastal oasis your own and experience the best of Laguna Beach living.

Agent Info: Penny and Don Pattillo penny.pattillo@compass.com, don.pattillo@compass.com; DRE 01031073 l 02071837

FEATURED RENTAL PROPERTY: LAGUNA BEACH

Stay at the perfect location next to stunning Victoria Beach in Laguna! Enjoy a panoramic ocean view from this vibrant furnished beach cottage that can sleep up to 6. It may be rented monthly or longer. The colorful interior includes classic and new decor, wood floors and views galore from the main living area. The home is fully equipped with beach accessories, and a large back patio with a BBQ for outdoor entertainment. Plan the ultimate beach trip! The seaside resort town of Laguna Beach offers the ultimate life with miles of beautiful beaches and hiking/mountain biking trails throughout an expanse natural preserve.

Property: 2790 Solana Way, Laguna Beach | 2BR/2BA Price: $6,500/month

Agent Info: Kristy Peterson; 949.566.3104; Lease@LagunaBeachProperties.net

Kelly Perkins | DRE 01932146 949 310 3754

“I wanted to personally thank you for your incredible diligence in helping us achieve our dream house!! You were steady, persistent, professional and yet so caring.” - SN

Working with the Mike Johnson Group was truly one of the ﬁnest business experiences we’ve had in a long time. We were impressed with every member of the Compass team, and as the process proceeded, became doubly impressed with the calibre of the staff’s knowledge as well as their genuinely sincere concern for realizing a satisfying outcome for both us as sellers as well as the buyers. We’ve purchased over ten residential and commercial properties over the years in good times and more challenging, and this was undoubtedly the most professional and smoothest sales experience we’ve ever had.

- Geoff & Debb G.

$2,340,000

This week the median list price for Laguna Beach, CA is $4,995,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has decreased to 111.

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again. Med ia n List Price

Ma rk et Segments

Each segment below represents approximately 25% of the market ordered by price.

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.