September Coastal Market Update: South Orange County
This week the median list price for Laguna Beach, CA is $5,249,500 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 146.
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.
Newport Beach, CA Market Update
Median List Price: $6,250,000
Market Action Index (MAI): 32 – Slight Seller’s Advantage
Inventory: 173

This week the median list price for Newport Beach, CA is $6,250,000 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 173.
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 Newport Beach home.Corona Del Mar, CA Market Update
Median List Price: $7,995,000
Market Action Index (MAI): 39 – Slight Seller's Advantage
Inventory: 38
This week the median list price for Corona Del Mar, CA is $7,995,000 with the market action index hovering around 39. This is an increase over last month's market action index of 35. Inventory has decreased to 38.
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 Corona del Mar Home.
Laguna Niguel, CA Market Update
Median List Price: $1,925,000
Market Action Index (MAI): 42 – Slight Seller’s Market
Inventory: 93
This week the median list price for Laguna Niguel, CA is $1,925,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 93.
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: $3,746,500
Market Action Index (MAI): 40 – Slight Seller’s Advantage
Inventory: 42
This week the median list price for Dana Point, CA is $3,746,500 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 42.
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: $2,595,000
Market Action Index (MAI): 41 – Slight Seller’s Advantage
Inventory: 51
This week the median list price for San Juan Capistrano, CA is $2,595,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has decreased to 51.
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 San Juan Capistrano home.
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