Home value is going up
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We have buyers for your home. Get a free detailed property value from Douglas Elliman and the Veytia Group. Falling Real Estate inventory in Orange County California. This is the time now to sell your home in Laguna Beach. Housing inventory fell 8.9 percent from last year in the second quarter of 2017, sending home-buyers scurrying to beat the rising competition.
Housing inventory dropped in Laguna Beach for nine consecutive quarters, and is currently down a full 20 percent from inventory levels five years ago. And now, home-buyers are snatching up homes at the fastest pace. While 57 percent of homes were still on the market after two months in 2012, today that number shrank down to 47 percent. Competition is so fierce, in fact, that 33 percent of Americans who bought a home in the last year made an offer without even seeing the home in person, according to a survey. This is up from 19 percent of buyers who placed an offer on a home without seeing it first last year. Among millennials, even more placed offers without seeing the home in person — a full 41 percent.