February Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,795,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 105.
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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: $5,625,000
Market Action Index (MAI): 34 – Slight Seller’s Advantage
Inventory: 128

This week the median list price for Newport Beach, CA is $5,625,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 128.
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.
Corona Del Mar, CA Market Update
Median List Price: $7,995,000
Market Action Index (MAI): 35 – Slight Seller’s Advantage
Inventory: 29
This week the median list price for Corona Del Mar, CA is $7,995,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 29.
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: $2,150,000
Market Action Index (MAI): 46 – Strong Seller’s Advantage
Inventory: 47
This week the median list price for Laguna Niguel, CA is $2,150,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 47.
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.
Dana Point, CA Market Update
Median List Price: $5,699,000
Market Action Index (MAI): 35 – Slight Seller’s Advantage
Inventory: 33
This week the median list price for Dana Point, CA is $5,699,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 33.
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
San Juan Capistrano, CA Market Update
Median List Price: $2,249,888
Market Action Index (MAI): 49 – Strong Seller’s Advantage
Inventory: 27
This week the median list price for San Juan Capistrano, CA is $2,249,888 with the market action index hovering around 49. This is less than last month's market action index of 51. Inventory has decreased to 27.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
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