Monday, December 10, 2007

Prime Beach Properties Roll Back To 2005 Prices

Blue Lagoon is a condo complex located just to the north of the Montage resort, between PCH and the beach. A look at the listings reveals price rollbacks to 2005 levels:

15 Blue Lagoon - Listed at $1.69M; Purchased 9/05 for $1.69M

4 Blue Lagoon - Sold $970k; Purchased 8/05 for $1.05M
Is this the bottom or just the first cracks in the Laguna Beach housing market?

1 comment:

Anonymous said...

Blue Lagoon used to be one of the cheapest condo places in Laguna Beach. It's incredible how the prices skyrocketed through the roof during the bubble.