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We are pleased to announce that the Csira Group recently changed from Prudential California Realty to Surterre Properties to better serve our clients.

Surterre is the number one brokerage in Orange County for luxury properties. The company’s high-end marketing, client support, investment in technology and agent-centric model were critical factors in our decision-making process. “We believe this move will result in superior results for our clients by enabling us to leverage Surterre’s network of top-producing agents, get greater reach through Surterre’s Internet presence and by taking advantage of the buyers and sellers who are flocking to this firm” says Dave Csira of the Csira Group. (…)

There is actually encouraging news in this month’s numbers. Although the statistics still favor buyers over sellers by a large factor, that gap narrowed in the past month. Consider the fact that there were 18 sales that closed in the past 30 days (as of this writing) compared to 11 for the same period last year. The average price of the homes that recently sold was $2,398,000, which was almost exactly the same as last year at $2,405,000. However, the homes that sold this month were slightly smaller, so the average dollar per foot increased from $544/ft. to $564/ft. This was also an improvement over the average for the entire past twelve months during which time 205 homes were sold (17 per month) at an average price of $2,143,000 or $546/ft. (…)

As of October 10, 2011, the median list price for homes in Laguna Beach is stable at around $1,895,000. This equates to about $792 per square foot. Properties have been sitting on the market longer, with an average days-on-market (DOM) of 216. Following is a summary of home statistics by quartile:

Top quartile has a median list price of $6.37 million. The median size is 4,262 sq. ft. and the average DOM is 285.
The second (upper) quartile has a median list price of $2.69 million. The median size is 3,072 sq.ft. and average DOM is 211.
The third (lower) quartile has a median list price of $1.59 million. The median size is 2,390 sq.ft. and the average DOM is 189.
The fourth (bottom) quartile has a median list price of $898K. The median size is 1,690 sq.ft. and the average DOM is 180. (…)