May Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $4,995,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 137.
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.
Newport Beach, CA Market Update
Median List Price: $5,995,000
Market Action Index (MAI): 30 – Slight Seller’s Advantage
Inventory: 185

This week the median list price for Newport Beach, CA is $5,995,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 185.
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 and prices have been moving upward as evidence.
Find your Newport Beach home.Corona Del Mar, CA Market Update
Median List Price: $7,922,000
Market Action Index (MAI): 31 – Slight Seller’s Advantage
Inventory: 50
This week the median list price for Corona Del Mar, CA is $7,922,000 with the market action index hovering around 31. This is less than last month's market action index of 34. Inventory has increased to 50.
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Find your Corona del Mar Home.
Laguna Niguel, CA Market Update
Median List Price: $1,974,500
Market Action Index (MAI): 50 – Strong Seller’s Market
Inventory: 84
This week the median list price for Laguna Niguel, CA is $1,974,500 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has increased to 84.
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Find Your Laguna Nigiuel Home.
Dana Point, CA Market Update
Median List Price: $4,147,000
Market Action Index (MAI): 41 – Slight Seller’s Advantage
Inventory: 40
This week the median list price for Dana Point, CA is $4,147,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 40.
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
San Juan Capistrano, CA Market Update
Median List Price: $2,640,000
Market Action Index (MAI): 42 – Slight Seller’s Advantage
Inventory: 46
This week the median list price for San Juan Capistrano, CA is $2,640,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 46.
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Find your San Juan Capistrano home.
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