Laguna Beach Homes – The Best Inventory Of Well-priced Homes In This Economy
LagunaBeachRealEstateMarketBlog.com recently had a little fun with the theme: Is your real estate agent too old. Continuing that idea, I ran across this great story about Grandparents, Grandchildren and Laguna Beach homes that I wanted to share with you. This area is truly an inspiring location to vacation…and to live. Laguna Beach Real Estate, like many coastal communities, has just a limited amount of homes available – and these are not your “cookie cutter” variety. All ages can delight in the sights, sounds and smells of the ocean. Imagine living in an area that most people vacation!
Well, with prices where they are at right now, the number of fabulous homes on the market, and continued favorable interest rates, people are still wondering “Should I buy a house now or wait?” Why not make your dreams of a primary, investment or vacation home in South Orange County, a Laguna Beach Homes, a reality?
As reported recently in NuWire Investor “High-End Homes Attracting Interest From Foreign Investors”
“Owners of upscale properties have been deeply discounting their homes, as their hopes of a market recovery fade. These discounted properties are attracting the attention of overseas investors, who hope to catch some deals. With industry insiders cautioning that further declines are likely, even million dollar property owners have not gone unscathed, reflected in increasing mortgage delinquencies for high-end homes….
Property investors from the Far East and Europe are returning to the US real estate market, snapping up bargains in the higher end sector where vendors are slashing prices.”
The story speculates, as everyone is doing, about whether or not we are at the bottom of the market, and for buyers should I buy a house now or wait. However, what may be a better focus of this article is the fact that seller’s in the high-end Laguna Beach real estate market are getting comfortable with the reality that they may need to offer deep discounts to their Laguna beach homes in order to sell. This is good news for buyers. It’s like getting Neiman Marcus at TJ Maxx or Target prices!
“’High end owners have been hit from all sides,’…
Many wealthy owners have held asking prices high in the hope of outlasting the property slump but now they are finding that even if they slash their price there are no takers.”
Intelligent sellers that have been holding Laguna Beach Real Estate are now realizing that they would rather sell now then wait for inventories to increase. Although their own property may not be in a distressed situation, they are becoming more motivated to price their properties competitively and take advantage of this buyer’s market...perhaps so they can then buy another of the Laguna Beach homes that are coming into the market.
“‘The good news is property is selling, if at a huge discount. Most of the buyers we're seeing are foreign investors from the Far East and, now that the euro is stronger, we’re seeing more Europeans too,’”
The Laguna Beach Real Estate market and Laguna Beach Homes is a dynamic area in which to invest and live. In order to get the best information, and make the best choice for your real estate needs, count on The Coastal Property Experts and the team of Hillary Caston and Associates. Find out what’s new on the market by going to: www.TheCoastalPropertyExperts.com. Find out why you should find a talented Buyers Agent Team to assist you with your next purchase.
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