November Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,345,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 130.
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: $5,995,000
Market Action Index (MAI): 33 – Slight Seller’s Advantage
Inventory: 150

This week the median list price for Newport Beach, CA is $5,995,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 150.
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.
Find your Newport Beach home.Corona Del Mar, CA Market Update
Median List Price: $8,495,000
Market Action Index (MAI): 37 – Slight Seller's Advantage
Inventory: 39
This week the median list price for Corona Del Mar, CA is $8,495,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has decreased to 39.
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Find your Corona del Mar Home.
Laguna Niguel, CA Market Update
Median List Price: $1,850,000
Market Action Index (MAI): 42 – Slight Seller’s Market
Inventory: 65
This week the median list price for Laguna Niguel, CA is $1,850,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 65.
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.
Dana Point, CA Market Update
Median List Price: $4,995,000
Market Action Index (MAI): 34 – Slight Seller’s Advantage
Inventory: 45
This week the median list price for Dana Point, CA is $4,995,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 45.
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
San Juan Capistrano, CA Market Update
Median List Price: $2,999,000
Market Action Index (MAI): 40 – Slight Seller’s Advantage
Inventory: 51
This week the median list price for San Juan Capistrano, CA is $2,999,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 51.
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.
Find your San Juan Capistrano home.
Categories
Recent Posts









GET MORE INFORMATION


