The Market Report
R E A L E S T A T E
L U X U R Y G R O U P
LAGUNA BEACH | SINGLE FAMILY HOMES
This week the median list price for Laguna Beach , CA is $ 4,850,000 with the market action index hovering around 27 . This is less than last month ' s market action index of 29 . Inventory has increased to 119 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Real-Time Market Profile
Median List Price $ 4,850,000
Median Price of New Listings
$ 4,595,000
Buyer ' s Market |
20 |
30 |
40 |
50 |
60
Last Month
|
70 |
80 |
Seller ' s Market |
Per Square Foot $ 1,876
Average Days on Market
158
|
10
Today
90
Median Days on Market 119
0
27 Slight Buyer ' s Advantage
The market has been consistently cool for several weeks . Demand level are low relative to the available inventory . It ' s a Buyer ' s market and prices continue to fall . Look for a persistent shift in Market Action before prices plateau or begin to rise again .
First American Title
100
Price Decreased |
26 % |
Price Increased |
1 % |
Relisted |
7 % |
Inventory |
119 |
Median Rent |
$ 11,873 |
Market Action |
27 |
Slight Buyer ' s Advantage |
NEWPORT BEACH | SINGLE FAMILY HOMES Single-Family Homes
This week the median list price for Newport Beach , CA is $ 5,495,000 with the market action index hovering around 33 . This is less than last month ' s market action index of 34 . Inventory has increased to 108 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Real-Time Market Profile Median List Price $ 5,495,000
Median Price of New Listings
$ 3,945,000
Buyer ' s Market |
20 |
30 |
40 |
50 |
60 |
70 |
80 |
Seller ' s Market |
Per Square Foot $ 1,805
Average Days on Market
107
|
10
Market Segments
0
Last Month
33
Today
90
100
Median Days on Market 84
Price Decreased 27 %
|
Each segment below represents approximately 25 % of the market ordered by
Price price
Increased .
|
7 % |
Slight Seller ' s Advantage |
|
|
|
|
|
Median Price
Sq . Ft .
Lot Size
Beds
The market has been cooling over time and prices plateaued for a
|
Bath
Relisted
Age
|
New |
Absorbed |
8 %
DOM
|
|
while
$ 18,950,000 . Despite the consistent
5,000 decrease
0.25 in - MAI 0.5 , acre we ’ re in the Seller 4’ s
|
5Inventory43 |
1 |
0 |
108
266
|
|
zone . Watch for changes in MAI . If the MAI resumes its climb , prices will likely
$ 6,946,500 follow suit . If the MAI
3,593 drops consistently
8,000 - 10,000 or falls sqft into the Buyer
4 ’ s
|
Median Rent
4.5
22
|
2 |
2 |
$ 8,500
154
|
|
zone , watch for downward pressure on prices .
$ 3,925,000
2,431
4,500 - 6,500 sqft
|
3 |
Market Action
3
59
|
1 |
1 |
33
94
|
Slight Seller ' s Advantage |
$ 2,395,000 |
1,675 |
0 - 4,500 sqft |
3 |
2 |
58 |
3 |
0 |
45 |
Median List Price |
$ 8.0M
Mon Jan 29 2024
First American Title Insurance Company , and the operating divisions thereof , make no express or implied warranty respecting the information $ 7.0M presented and assume no responsibility for errors or omissions . First American , the eagle logo , First American Title , and firstam . com are registered
OVER $ 1 BILLION IN LOCAL CAREER SALES # 3 TEAM IN ORANGE COUNTY * LIVELREALESTATE Corporation and / or its affiliates . COM . All rights reserved . | NYSE : FAF SOLD IN 2023
$ 200M + trademarks $ 6.0M or trademarks of First American Financial Corporation and / or its affiliates . Source : Altos Research LLC © 2020 First American Financial
$ 5.0M
$ 4.0M
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1 of 1
$ 3.0M * medium teams by sales volume
$ 2.0M |
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Feb 2019 |
Sep 2019 |
Mar 2020 |
Sep 2020 |
Mar 2021 |
Sep 2021 |
Mar 2022 |
Sep 2022 |
Mar 2023 |
Sep 2023 |
7-Day Average 90-Day Average