Orange County Register

Laguna Beach has not only trimmed its expected market time since two weeks ago, but the coastal city also dropped from its ranking as the county’s second slowest housing market to the third slowest.

According to a biweekly report by Steven Thomas of Altera Real Estate, Laguna Beach’s expected market time sped up to 8.27 months - it took an average 8.49 months to sell homes in this city two weeks ago.

However, the other two south coast cities saw their expected market time slow down.

Dana Point’s market time is now 5.58 months - more sluggish than 5 months flat two weeks ago.

San Clemente’s market time slowed to 3.51 months, gaining more time from the expected time of 3.35 months two weeks ago.

The city with the most snail-like market time is Corona Del Mar with 10.71 months.

The city with the speediest market time is Ladera Ranch with 1.08 months.

Thomas says the following about market time countywide:

“The expected market time for all of Orange County decreased in the past couple of weeks from 2.48 to 2.38 months. The expected market time last year was at 5.18 months and two years ago it was at 13.31 months. For homes priced below $1 million, the expected market time is 1.87 months. For homes priced above $1 million, the expected market time is 8.79 months.”

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