July Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,995,000 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 131.
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Newport Beach, CA Market Update
Median List Price: $5,772,500
Market Action Index (MAI): 30 – Slight Seller’s Advantage
Inventory: 212

This week the median list price for Newport Beach, CA is $5,772,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 212.
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. Watch for an up-shift in the MAI before price stability is achieved.
Find your Newport Beach home.Corona Del Mar, CA Market Update
Median List Price: $6,965,000
Market Action Index (MAI): 30– Slight Seller's Advantage
Inventory: 50
This week the median list price for Corona Del Mar, CA is $6,965,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 50.
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.
Find your Corona del Mar Home.
Laguna Niguel, CA Market Update
Median List Price: $1,925,000
Market Action Index (MAI): 47 – Strong Seller’s Market
Inventory: 97
This week the median list price for Laguna Niguel, CA is $1,925,000 with the market action index hovering around 47. This is less than last month's market action index of 50. Inventory has increased to 97.
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.
Find Your Laguna Nigiuel Home.
Dana Point, CA Market Update
Median List Price: $3,499,000
Market Action Index (MAI): 39 – Slight Seller’s Advantage
Inventory: 39
This week the median list price for Dana Point, CA is $3,499,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has held steady at or around 39.
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.
San Juan Capistrano, CA Market Update
Median List Price: $2,589,500
Market Action Index (MAI): 43 – Slight Seller’s Advantage
Inventory: 52
This week the median list price for San Juan Capistrano, CA is $2,589,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has increased to 52.
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.
Find your San Juan Capistrano home.
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