The definitive blog about real estate and home values in Laguna Beach, Newport Beach and Newport Coast, California.
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?
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.
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.
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