Laguna Beach , CA

Monthly Housing Development Update | October 2021

General statistics, market trends and outlook for housing development in Laguna Beach, CA

City Housing Update for October 2021

Current Trends:

During this past month of September, the median rental price for a single family home in Laguna Beach was $6,503 and median sale price for a single family home in the city was $2,137,700. There were approximately 391 homes listed for sale in the city at the end of September, compared with 391 in August. During the last month, homes sold within 141 days on the market and received 1 offers per sale on average.

City Housing Supply:

As of the end of 2017, the total count of existing housing units in the city was 13,007. Single family housing units make up the vast majority 71.26% of Laguna Beach's housing units, 9,269 units total. Multifamily units make up 26 percent, or approximately 3,449. As of last year, the average housing density (people per household) was 2.14, compared with the state average of 2.97. At the end of the period, about 2,162 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.

Regulations & Outlook:

The City has finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Laguna Beach as many as 5,468 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Laguna Beach over the coming years. Consider for example, if just one percent of eligible homeowners in Laguna Beach built an ADU each year, it would contribute an additional 273 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.

Local News & Policy:

The city's latest residential zoning requirements for ADUs can be found on the Laguna Beach City Page using the link or search bar at the bottom of this report. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Laguna Beach.

Get Involved:

For homeowners and local developers who are interested in getting involved in the ADU movement locally in Laguna Beach, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Laguna Beach, one garage, basement, or backyard at a time.

Exerpts From City Housing Reports

The City also conducted a survey of existing second residential units in 2012. Of 85 surveys mailed to second residential unit owners, 31 (36%) were completed and returned to the City. Of those returned, 3 second-residence units are used as guest units or have never been occupied. Of the 29 second-residence units that have been or are currently occupied by residents, 18 or 62% are/were rented for monthly rates that fall into the extremely-low- to low-income rate; 3 or 10% are/were rented for monthly rates that fall into the moderate-income rate; and 7 or 24% were rented for monthly rates that were above-moderate. The units rented at above-moderate income rates are located predominantly in highly desirable locations, such as on larger lots and/or those with views. Based on these percentages, the City estimates that approximately 70% of new second units would be affordable at low- and moderate-income rents.

Current Market Stats October 2021

Median Sales Price $2,137,700.00

Median Rental Price $6,502.00 Based on 840 sqft unit

Total Homes on Market 391

Average Days on Market 141

Average Offers per Sale 1

City Housing Stock 2017

Total Housing Units 13007

Single-Family Units 9269

Other Type Units 289

Unit Vacancy Rate 0.1662

Annual Units Produced (2017) 9

Go to Laguna Beach ADU Zoning Page

General City Info Laguna Beach, CA

City Population 22,723

City Area 8.85 sq. mi.

We have our final inspection TODAY and do expect it will go well. We’ve been lucky to have a nice inspector. I’ll send you more pics this weekend!

Fiona K. in Bell Canyon, CA

The plans were approved and I received the permit today. Thank you for all your help with the process!

Jannie B. in Los Angeles, CA

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Monica H. in Oakland, CA

City & State Housing News

Laguna Beach, CA Illegal Units Likely to Emerge from Secrecy 02/10/2017

Laguna Beach, CA Laguna Planning Commission will review proposed changes for granny flats 11/11/2017

Laguna Beach, CA Laguna Planning Commission favors increasing size of granny flats 16/11/2017

Laguna Beach, CA Will Old Remedy Solve Modern Housing Crisis? Laguna Beach Indy 21/07/2017

Laguna Beach, CA Laguna Beach to tackle accessory dwelling ordinance Los Angeles Times 15/09/2017

Go to Laguna Beach ADU Zoning Page

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