March Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $6,455,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 108.
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Newport Beach, CA Market Update
Median List Price: $5,295,000
Market Action Index (MAI): 33 – Slight Seller’s Advantage
Inventory: 141

This week the median list price for Newport Beach, CA is $5,295,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 141.
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Find your Newport Beach home.Corona Del Mar, CA Market Update
Median List Price: $7,795,000
Market Action Index (MAI): 37 – Slight Seller’s Advantage
Inventory: 35
This week the median list price for Corona Del Mar, CA is $7,795,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has increased to 35.
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.
Find your Corona del Mar Home.
Laguna Niguel, CA Market Update
Median List Price: $1,999,000
Market Action Index (MAI): 48 – Strong Seller’s Advantage
Inventory: 66
This week the median list price for Laguna Niguel, CA is $1,999,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has increased to 66.
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.
Find Your Laguna Nigiuel Home.
Dana Point, CA Market Update
Median List Price: $4,397,500
Market Action Index (MAI): 38 – Slight Seller’s Advantage
Inventory: 36
This week the median list price for Dana Point, CA is $4,397,500 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has increased to 36.
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
San Juan Capistrano, CA Market Update
Median List Price: $2,758,000
Market Action Index (MAI): 49 – Strong Seller’s Advantage
Inventory: 35
This week the median list price for San Juan Capistrano, CA is $2,758,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 35.
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.
Find your San Juan Capistrano home.
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