FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuideOC.com MARCH 25, 2016 | VOL. 6, ISSUE 12 Offering price: $6,495,000 Address: 6 Mar Vista Lane Laguna Beach Agent info: John Trevino Surterre Properties 949-395-2417 A Special Perch Over Three Arch Bay This three bedroom, 2.5 bath home with a bonus family room is optimally situated on the oceanfront of the main cove within Three Arch Bay. The home has been meticulously maintained and offers designer upgrades throughout. The property’s many features include an entry courtyard, a large ocean front deck, and a generous yard designed by Rogers Gardens all within easy access of the beach stairs. The private beach offers two scenic coves with volleyball courts, showers, restrooms, fire pits and BBQ areas. FEATURED PROPERTY: LAGUNA BEACH ASK THE EXPERT What’s My Home Worth? By Holly Schwartz Sounds like a simple question, but those four little words can have a big impact! Our homes are one of our most prized possessions and one of our greatest assets so it makes sense that we want to know the value. How we get it is where things can start to get messy. Here’s a look at some ways that they are derived. The Merriam-Webster dictionary defines value as “monetary or material worth.” In short, your home’s worth is dependent on the amount others will pay for it. Holly Schwartz How do we know what our home is worth? A quick search on Google populates a ton of sources, the first of which is Zillow, known for their Zestimate. Basically, a Zestimate is Zillow’s market value estimate for homes based on computer data generated from public records. Homeowners are able to edit their home facts as well if they wish to get a more accurate computation. However, Zestimates can be inaccurate. In fact, in the Los Angeles/Long Beach/Anaheim area, the Zestimate has a median error rate of 6.5%. This means that half of the homes on Zillow have a sales price that is within 6.5% of the Zestimate and the other half of homes sell for more than 6.5% of the Zestimate. Did you catch that? Fifty percent of homes on Zillow in our area have a 6.5% or more margin of error from the Zestimate. So as a homeowner, you have a 50-50 chance of the Zestimate being close to the actual sales price if your home were for sale. Continued on page 2 OVER $400 MILLION CL O SED S ALES IN 2015 ONCE AG AIN THE # 1 REAL E STATE TEAM IN OR ANGE COUNTY 9 4 9 .3 90 . 4543 ST ANFIELDGR OUP.NET According to information published by Trendgraphix for the time period of 1/1/15-12/31/15.