2142 Ruby Place | What This $2.875M Sale Means for Laguna Beach Homeowners

From Kelly: A Strong Sale, A Stronger Market

I'm excited to share the recent sale of 2142 Ruby Place in Laguna Beach for $2,875,000—a fantastic result for my client and a timely example of what’s possible in today’s market. As a long-time Laguna Beach local and real estate advisor, these moments matter—not just for sellers, but for anyone considering their next move.

Whether you're an absentee owner or simply curious about your home’s value, this is a market worth watching closely.

Market Snapshot: June 2025

Here’s a look at where we stand:

• Median sold price: ~$3.05M (up 3.4% year-over-year)
  
  

• Price per square foot: ~$1,830 (up 17.5% year-over-year)
  
  

• Median days on market: 44 (down from 55 last year)
  
  

That means homes are moving faster, values are holding strong, and buyers remain active—especially in Laguna’s high-demand pockets.

Why It Matters for Absentee Owners

Many of my clients aren’t living full-time in their Laguna Beach properties. If that’s you, this could be the right time to:

• Sell at peak value
  
  

• Reinvest through a 1031 exchange
  
  

• Reposition your real estate portfolio
  
  

The sale at 2142 Ruby Place is a clear indicator: even with more inventory coming online, well-prepared listings still perform.

What This Sale Says

The $2.875M closing price landed just under the market median, yet it moved efficiently and attracted qualified buyers—proof that the right pricing, positioning, and exposure still deliver. As your Realtor, I focus on more than comps; I look at momentum, timing, and what sets your home apart.

A Look at Long-Term Equity Growth

Let’s put things into perspective:

• May 2020 median value (est.): ~$2.3M
  
  

• May 2025: ~$3.05M
  
  

• That’s a 30–35% equity gain in five years—or about 5–6% annually
  
  

Even with some softening this past winter, we’re seeing stabilization and healthy long-term appreciation forecasts of 3–8%.

What’s Next for the Market?

Looking ahead through 2025:

• A balanced market favors sellers who prepare strategically
  
  

• Mortgage rates are steadying, which supports sustained buyer activity
  
  

• Inventory growth hasn’t undercut pricing in premium areas
  
  

That’s great news if you’re thinking of making a move.

My Commitment to You

Selling a home is more than a transaction—it’s a major financial decision. I’m here to help you:

• Understand your current equity position
  
  

• Explore smart reinvestment options
  
  

• Navigate tax strategies like the 1031 exchange
  
  

• Find off-market opportunities before they hit the MLS
  
  

Final Thought

The sale of 2142 Ruby Place shows what’s possible with the right strategy—and it’s a great reminder of how much value Laguna Beach homes continue to hold.

📞 Call me for off-market opportunities or a confidential equity review.
Let’s talk about what your next smart move could look like.

—
Kelly Perkins
Compass Laguna Beach
Professionalism. Persistence. Passion.
949.310.3754