The Laguna market is good for buying, but not so good for selling. I don't think we've hit bottom on the prices yet. However, there are a lot of deals to be had as the high number of homes on the market puts pressure on motivated sellers to price their home competitively at, or slightly below, market value.
Is there a particular section of Laguna you are interested in? I can give you more specific advice if I know where you are looking. I am a residence of Laguna Beach and very familiar with the homes currently on the market, those that have sold in recent months, and those that did not sell either because the asking price was too high or the home needed too much work.
If I can be of further assistance, please don't hesitate to contact me.
Amanda R. Wheeland
Real Estate Advisor & Lawyer