Laguna Beach Real Estate

Secrets of Laguna Niguel Short Sales

Today I want to share 2 videos with you that we did to highlight some Laguna Niguel Homes for sale. If you would like additional information on any of these properties, please visit us at:  http://www.TheCoastalPropertyExperts.com

You will need to scroll down a bit for the 2nd Real Estate Home Video, but you don’t want to miss this Short Sale that has been reduced almost $3Million!

Here are the Stats for Laguna Niguel:

Laguna Niguel Homes for Sale

Currently, the number of Active Homes for Sale = 297

97 (or 32%) of Active homes for sale are listed as REO or Short Sales

Laguna Niguel Closed Home Sales since 1/1/10

Total Homes closed in Laguna Niguel since 1/1/10 = 289

137 homes (or 47%) of these were REO or Short Sales

Average price of closed REO and Short Sale Homes = $435,612

93 homes (or 67%) of “Distressed” closed sales had a sales price of $500K or less

122 homes (or 89%) of “Distressed” closed sales had a sales price of $750K or less

This information on the closing price of closed “distressed” properties falls in line with the news that many homes in the market in the first quarter were in the price ranges that qualified for government incentives or FHA, Fannie Mae or Freddie Mac financing.

Special Feature Short Sale Property in Monarch Custom – Price Reduced!

This next home is priced well above Government spending limits; however I wanted to highlight it for you since it has received some recent price reductions that may be of interest to someone looking in this area. This is a gorgeous Short Sale property located in the Monarch Point Custom community:

Watch the Video Presentation

Location: 31951 Monarch Crest, Laguna Niguel

Originally Priced at $6,699,000

Now Priced at $3,895,000

MLS# U8005331