January 6, 2021
By Saeed Ghaffari
History & Fun Facts
Laguna Beach is a seaside resort city located in southern Orange County, California. in the United States. It is known for a mild year-round climate, scenic coves, environmental preservation, and an artist community.
It was taken from Mexico after the United States following the Mexican–American War. Laguna Beach was settled in the 1870s and officially founded in 1887, and in 1927 its current government was incorporated as a city. In 1944, the city adopted a council-manager form for its government. The city has remained relatively isolated from urban encroachment by its surrounding hills, limited highway access, and a dedicated greenbelt. The Laguna Beach coastline is protected by 5.88 miles (9.46 km) of state marine reserve and an additional 1.21 miles (1.95 km) of state conservation area.
Tourism is the primary industry with an estimated six million people visiting the community annually during normal years with no pandemic. Annual large events include the Pageant of the Masters, Festival of Arts, Sawdust Art Festival, Art-A-Fair, Bluewater Music Festival, and Kelpfest.
Laguna Beach has 7 schools from (pre-school through high school), of which 3 are private and 4 are public.
Public School Ratings
|No of Schools||0||0||0||0||0||0||0||0||1||3|
Schools with highest ratings:
El Morro Elementary: 10
Top of the World Elementary: 10
Thurston Middle: 10
Laguna Beach High: 9
Laguna Beach population is reported to be 23,224 on 2010 census with a median age of 50 and the median income of $97,881.
Climate Comfort Index: 9.2 /10
Real Estate Market
|Single Family Residence||Condominium|
|Price Per Square Foot||$1,400||$1,040|
Here is the rental market in Laguna Beach:
|1 Bedroom||2 bedroom||3 bedroom||4 bedroom|
Altos.re, bestplaces.net & Wikipedia
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Should I Wait For Housing To Crash Further Before I Buy A House? 3 Reasons The End of 2022 Could Be The Very Best Time To Jump In
Prices falling in expensive cities
In two-thirds of major regional housing markets — 98 out of 148 — prices continue to drop, especially in more expensive locations.
We may see expensive markets fall further, which if that happens sooner than later, would make it an excellent time to buy into an expensive market. This wouldn’t have registered as a possibility even a few months back.
It’s difficult to predict if this will happen. And if so, whether falling prices become offset by the federal interest rate hikes practically certain to arrive in the coming months.
The only way to know for sure is to wait until the latest rate hike sets in.
Meanwhile, keep in mind that — as with any investment — it’s best time to buy is usually when prices are low.
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership...
The days of waiving contingencies such as appraisals and forgoing inspections are fading into the rearview mirror. Still, contract activity remains slightly competitive depending on your location.
At least 24% of buyers waived the inspection contingency in December 2022, according to the National Association of Realtors confidence survey, up from 16% a month prior and 19% one year ago. An additional 24% of buyers waived an appraisal contingency in December, up slightly from 16% in November and 21% a year ago.
Home inspection contingencies are particularly important because it can let you know if there’s a deal-breaking issue with the property before a purchase occurs. It can also help you negotiate repairs with the seller, which is becoming increasingly common in today’s market.
“If buyers have this short window to buy where they can get incentives to purchase, [they] would rather buy where they have an opportunity to really think about it, get an inspection, a financing contingency and not feel rushed,” Jeff Reynolds, broker at Compass and founder of UrbanCondoSpaces.com, told Yahoo Finance.