October Coastal Market Update: South Orange County

This week the median list price for Laguna Beach, CA 92651 is $4,897,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 160.
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Newport Beach, CA Market Update
Median List Price: $5,972,500
Market Action Index (MAI): 32 – Slight Seller’s Advantage
Inventory: 178

This week the median list price for Newport Beach, CA is $5,972,500 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 178.
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: $7,499,999
Market Action Index (MAI): 31 – Slight Seller’s Advantage
Inventory: 52

This week the median list price for Corona Del Mar, CA is $7,499,999 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 52.
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: $2,099,000
Market Action Index (MAI): 41 – Slight Seller’s Advantage
Inventory: 87

This week the median list price for Laguna Niguel, CA is $2,099,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 93.
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.
Dana Point, CA Market Update
Median List Price: $5,497,499
Market Action Index (MAI): 38 – Slight Seller’s Advantage
Inventory: 48

This week the median list price for Dana Point, CA is $5,497,499 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 48.
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: $2,950,000
Market Action Index (MAI): 39 – Slight Seller’s Advantage
Inventory: 49

This week the median list price for San Juan Capistrano, CA is $2,950,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 49.
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.
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