Laguna Niguel Market Beat

October 28, 2020

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By Saeed Ghaffari

What About Laguna Niguel?

 

History & Attractions:

The name Laguna Niguel is derived from the words “Laguna” (Spanish for “lagoon”) and “Niguili” (the name of a Native American village once located near Aliso Creek). Laguna Niguel is located in the San Joaquin Hills in the southeastern corner of Orange County, close to the Pacific Ocean.

 Laguna Niguel has its origins in the Rancho Niguel Mexican land grant, which was acquired in 1959 by the Laguna Niguel Corporation to develop one of California’s first master-planned communities. As a predominantly residential city, Laguna Niguel serves as a bedroom community for the job centers of northern and central Orange County.

Attractions:

Laguna Niguel is a conveniently located in close proximity to So Cal beaches and mountains. In addition, those who love nature can enjoy the peace and beauty offered by Laguna Niguel Regional Park and Aliso and Wood Canyon Wilderness Park.

 

Schools:

There are a total of 17 schools in Laguna Niguel, 8 public and 9 private. 5 out of the 8 public schools have a rating of 9, that speaks volume about the quality of education in their schools.

 

Laguna Niguel Real Estate

 

Laguna Niguel RE Stats:

 

  Single Family Residence Condominium
Median Price $1,386,500 $539,450
Price Per Square Foot $505 $467
Median Rent $3,440 (3 bedroom) $2450 (2 bedroom)

 

The median home cost in Laguna Niguel is $836,600. Home appreciation the last 10 years has been 25.7%. Home Appreciation in Laguna Niguel is up 4.0%

Average Age of Homes

– The median age of Laguna Niguel real estate is 32 years old

The Rental Market in Laguna Niguel

– Renters make up 26.5% of the Laguna Niguel population
– 1.2% of houses and apartments in Laguna Niguel, are available to rent

 

As of today, October 21, 2020, the market action index is at 65 for single family homes and 71 for condos, a strong seller market for both type of properties.

The median income for Laguna Niguel residents hovers around $98,957

Population reported in the 2010 census: 65,429 with a median age of 45.

 

Single Family Residences

Tue Oct 27 2020
This week the median list price for Laguna Niguel, CA is $1,386,500 with the market action index hovering around 65. This is an increase over last month’s market action index of 64. Inventory has held steady at or around 78. Click here to stay informed with the Laguna Niguel market

 

Laguna Niguel

Laguna Niguel

Condominiums

This week the median list price for Laguna Niguel, CA is $539,450 with the market action index hovering around 71. This is less than last month’s market action index of 72. Inventory has held steady at or around 42. Click here to stay informed with the Laguna Niguel market!

 

Laguna Niguel

Laguna Niguel

Laguna Niguel

Sources: Altos.re, bestplaces.net, ocregister.com & Wikipedia

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