FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuide.com MARCH 3, 2017 | VOL. 7 , ISSUE 9 FEATURED PROPERTY: LAGUNA BEACH Trust Sale for Village Home Vaulted wood-beamed ceilings and hardwood floors highlight the main living areas of this four-bedroom, three-bath house. The inviting rear yard features mature foliage, large patio spaces and a newer custom built deck with coastal and Catalina Island views. The kitchen features a center island with a chopping board countertop and a secondary prep sink. The kitchen cabinets were updated in the 1990s with a clean, timeless look and elegant black Corian countertops. There is a breakfast room and formal dining room, which overlooks a step down living room with fireplace and ocean views. The upper main floor master bedroom and secondary bedroom enjoy a large ocean view terrace. The lower entrance level features two additional bedrooms and a hallway laundry closet. The two-car garage opens on a driveway with three parking spaces. Offering price: $1,649,000 Address: 660 Wendt, Laguna Beach Agents info: Deborah Lambros, Surterre Properties, 949-422-3053, firstname.lastname@example.org, www.DeborahLambros.com Victoria Strombom, Surterre Properties, 949-533-1116, email@example.com, www.CoastalPacificHomes.com ONE ON ONE WITH CHARLES BRICKELL Economic Indicators Buoy Home Sales By Gina Dostler Laguna Board of Realtors’ Presi-dent, Charles Brickell, shares his insights on the housing market in Laguna Beach for 2017. Q: Have you started to see higher than normal rates for list-ings in January 2017? A: No. In fact inventory is still low and the demand for homes is still very high. To be more specific, anything under $2 million is a very tight market in Laguna Beach. Q: Yet it seems sales were down in 2016. Is it because sales prices are at an all time high? A: If you look at the trend, the median home price for Laguna Beach was $1.64 million in 2007. In 2009 was the bottom of the market and the median price was $1.12 mil-lion. Then in 2012 we saw the mar-ket start to improve. In 2013 we saw a large increase in sales prices, which was true of all Orange County. The reason for this increase was low inventory coupled with low interest rates and a very high demand. It also corresponds with consumer confi-dence, which was increasing too. In 2015 and 2016 prices continued to increase modestly. The forecast for Continued on page 2 Charles Brickell San Juan Capistrano, CA $5,499,000 Represented by: Tim Smith (949) 717-4711 Brian Sperry (949) 717-4707 ColdwellBankerHomes.com COLDWELL BANKER RESIDENTIAL BROKERAGE ©2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Owned By a Subsidiary of NRT LLC.