November Coastal Market Update: South Orange County

This week the median list price for Laguna Beach, CA is $5,250,000 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 135.
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.
Newport Beach, CA Market Update
Median List Price: $5,895,000
Market Action Index (MAI): 33 – Slight Seller’s Advantage
Inventory: 177

This week the median list price for Newport Beach, CA is $5,895,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 177.
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: $7,747,499
Market Action Index (MAI): 31 – Slight Seller’s Advantage
Inventory: 48

This week the median list price for Corona Del Mar, CA is $7,747,499 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 48.
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.
Laguna Niguel, CA Market Update
Median List Price: $2,200,000
Market Action Index (MAI): 41 – Slight Seller’s Advantage
Inventory: 71

This week the median list price for Laguna Niguel, CA is $2,200,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 71.
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.
Dana Point, CA Market Update
Median List Price: $5,995,000
Market Action Index (MAI): 39 – Slight Seller’s Advantage
Inventory: 40

This week the median list price for Dana Point, CA is $5,995,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 40.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
San Juan Capistrano, CA Market Update
Median List Price: $2,974,000
Market Action Index (MAI): 42 – Slight Seller’s Advantage
Inventory: 42

This week the median list price for San Juan Capistrano, CA is $2,974,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 42.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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