January Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,595,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 104.
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: $5,872,500
Market Action Index (MAI): 34 – Slight Seller’s Advantage
Inventory: 122

This week the median list price for Newport Beach, CA is $5,872,500 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 122.
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: $7,499,999
Market Action Index (MAI): 34 – Slight Seller’s Advantage
Inventory: 33
This week the median list price for Corona Del Mar, CA is $7,499,999 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 33.
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: $2,100,000
Market Action Index (MAI): 45 – Slight Seller’s Advantage
Inventory: 47
This week the median list price for Laguna Niguel, CA is $2,100,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. 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: 35
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 37. Inventory has decreased to 35.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
San Juan Capistrano, CA Market Update
Median List Price: $2,840,000
Market Action Index (MAI): 53 – Strong Seller’s Advantage
Inventory: 22
This week the median list price for San Juan Capistrano, CA is $2,840,000 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has decreased to 22.
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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