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Laguna Niguel’s real estate market remained active and competitive in March, with a median sales price of $1,455,000. Homes continued to sell at a steady pace, spending an average of 16 days on the market before going under contract.

The city saw 50 homes sold, with properties closing at an impressive 99.4% of their original list price, signaling strong buyer demand. Meanwhile, 166 active listings provided buyers with more options, though competition remains strong. The average price per square foot in Laguna Niguel was $756, reflecting the area’s high desirability.

Spring Market Outlook

As we move further into the spring market, we anticipate a rise in new listings, which could create more opportunities for buyers while keeping the market competitive for sellers. Many homeowners wait until the school year ends before making a move, so we expect an increase in buying and selling activity over the coming months.

Key Market Stats (March 2024):

Median Sales Price: $1,455,000

Homes Sold: 50

Average Days on Market: 16

List-to-Sale Price Ratio: 99.4%

Active Listings: 166

Price per Square Foot: $756

Market Trends & Forecast

Consistently Strong Demand: With homes selling for nearly their full list price, buyers are willing to compete for well-priced properties.

More Listings Expected: The spring market should bring more homes to the market, providing more choices for buyers.

Increased Activity: As summer approaches, we typically see an uptick in both buyers and sellers, making this a great time to enter the market.

What This Means for Buyers & Sellers

For sellers, the strong demand and near-full asking price sales indicate that now is a great time to list your home while the market remains competitive.

For buyers, increasing inventory should provide more choices, but acting quickly is still key in a market where homes move in just 16 days on average.

For a more personalized market analysis or to discuss your real estate goals, feel free to reach out to me at Chris@ChrisWalkerRealEstate.com or call 949-370-6244.

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