Coastal Real Estate Guide South October 21, 2016 : Page 2

2 COASTALREALESTATEGUIDEOC.COM OCTOBER 21, 2016 CONTINUED FROM PAGE 1 : ONE ON ONE EDITORIAL NEWS GROUP EDITOR Andrea Adelson DESIGN/PRODUCTION CREATIVE DIRECTOR Sonia Chung MARKETING DESIGN DIRECTOR Paul Graff JR. GRAPHIC DESIGNER/ PRODUCTION ARTIST Shaylene Brooks SALES ADVERTISING SALES TEAM Scott Sanchez; Cindy Byrne, Chris Mattingley, Julie Coleman, Matt Bond, Carol Josepher, Denise Adams, Ingrid Marquez, Joe Rafael PRODUCTION MANAGER Tina Leydecker Ocean views such as this home on Cleo Street bring the average square footage rate over $1,000 in Laguna Beach. PRODUCTION ASSISTANT Megan Shelhamer ADVERTISING & CIRCULATION: TEL: 949 715-4100; FAX: 949 715-4106 when the market was improving with low interest rates and prices were just starting to move up. The market has continued to improve thanks to a steady supply of homes and continued low interest rates. For homes over $4 million, the market time is coming down and demand is constant. Q: What about this time of year? A: For this time of year we typically see the housing inventory drop and demand drop as well. With that said, if a homeowner is on the market at this time of year there’s less competition and because our weather is so good year round there’s still a good chance to secure a sale. As with any time of year, it’s all about being priced right. These homes are typically for a buyer with more than one home and they are buying for lifestyle not shelter. Q: Any projections for 2017? A: The California Association of Realtors has projected 2017 to be a steady year for appreciation and sales volume. And this holds true for our area. The economy is very Continued on page 4 OFFICE MANAGER Cyndy Mendaros MAILING ADDRESS: 385 SECOND STREET LAGUNA BEACH, CA 92651 TEL : 949 715-4100; FAX : 949 715-4106 CEO & EDITORIAL DIRECTOR Steve Zepezauer

Richard T. Cirelli