December Coastal Market Update: South Orange County

This week the median list price for Laguna Beach, CA is $5,445,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 122.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Newport Beach, CA Market Update
Median List Price: $5,995,000
Market Action Index (MAI): 33 – Slight Seller’s Advantage
Inventory: 149

This week the median list price for Newport Beach, CA is $5,995,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 149.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Corona Del Mar, CA Market Update
Median List Price: $7,995,000
Market Action Index (MAI): 33 – Slight Seller’s Advantage
Inventory: 37

This week the median list price for Corona Del Mar, CA is $7,995,000 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has decreased to 37.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Laguna Niguel, CA Market Update
Median List Price: $2,000,000
Market Action Index (MAI): 42 – Slight Seller’s Advantage
Inventory: 65

This week the median list price for Laguna Niguel, CA is $2,000,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 65.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Dana Point, CA Market Update
Median List Price: $5,599,500
Market Action Index (MAI): 40 – Slight Seller’s Advantage
Inventory: 40

This week the median list price for Dana Point, CA is $5,599,500 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 40.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
San Juan Capistrano, CA Market Update
Median List Price: $1,874,950
Market Action Index (MAI): 50 – Strong Seller’s Advantage
Inventory: 32

This week the median list price for San Juan Capistrano, CA is $1,874,950 with the market action index hovering around 50. This is an increase over last month's market action index of 43. Inventory has decreased to 32.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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