June Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,472,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 140.
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.
Newport Beach, CA Market Update
Median List Price: $6,200,000
Market Action Index (MAI): 31 – Slight Seller’s Advantage
Inventory: 191

This week the median list price for Newport Beach, CA is $6,200,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 191.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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: $7,439,500
Market Action Index (MAI): 29 – Slight Buyer’s Advantage
Inventory: 52
This week the median list price for Corona Del Mar, CA is $7,439,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 52.
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: $2,099,000
Market Action Index (MAI): 50 – Strong Seller’s Market
Inventory: 79
This week the median list price for Laguna Niguel, CA is $2,099,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 79.
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Find Your Laguna Nigiuel Home.
Dana Point, CA Market Update
Median List Price: $3,497,500
Market Action Index (MAI): 42 – Slight Seller’s Advantage
Inventory: 40
This week the median list price for Dana Point, CA is $3,497,500 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 40.
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: $2,799,500
Market Action Index (MAI): 42 – Slight Seller’s Advantage
Inventory: 52
This week the median list price for San Juan Capistrano, CA is $2,799,500 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 52.
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.
Find your San Juan Capistrano home.
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