Finding Laguna Beach Homes For Sale Under $500,000

If you are new to the Laguna Beach Real Estate market then you know finding a home under $500,000 can be a difficult task. Laguna Beach is known as one of the most expensive real estate markets in the country. In fact, most of the properties on the market under $500,000 will be town homes and condos for the most part with a small majority of single family homes in this price point. Keep in mind that most single family homes in Laguna Beach will start around $650,000 for a small one to three bedroom home located in the South Laguna and Laguna Village neighborhoods. You may be lucky and find one of these homes with a small ocean view but those properties are bought up very quickly.

So where do you go to find good quality single family homes under $500,000? If you don't mind a small drive then you may want to consider the Laguna Canyon area of Laguna Beach, California. The Laguna Canyon is located just on the outskirts of town with vintage style homes based in a rural setting. The feel is very relaxed and owners in this area almost feel like they are living in the country even though your are still living in the Laguna Beach City limits. Here you will find single family homes in the $300,000 which is a tremendous value when you considering living closer to the beach.

There are a couple of areas in the Laguna Canyon area that you want pay special attention to. One of the communities is called California Cove. California Cove is a great community where you can find large two story homes in this $300,000 price range. The homes are very well maintained and have great curb appeal. The other area to consider is the Terraces Laguna Beach area. These homes have a more rural look to them and fit well in the countryside environment. These will also be two story homes with a well maintained grounds surrounding them.

If you have been looking at the current Laguna Beach Homes For Sale then you know that homes in this price point will most likely have multiple buyers. There are many buyers in the price range who are looking to live in Laguna Beach under $500,000. This is especially true for short sale listings that are typically price 3 to 5 percent under market value. Do you research and know the prices of real estate in each of these areas. When a home comes along that is priced well be quick to act. Have your pre-qualification letter ready from your lender and submit the highest and best offer you can do.

Living in Laguna Beach is a great long term investment and buying now while real estate prices are low is a smart investment. Laguna Beach has always been a desirable place to live and the demand for people to live here will continue to grow which will eventually drive up the real estate prices.