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 $ 4,395,000 with the market action index hovering around 33 . This is an increase over last month ' s market action index of 27 . Inventory has decreased to 87 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Buyer ' s Market
10
20
30
40
50
60
Last Month
70
Today
80
90
Seller ' s Market
Real-Time Market Profile
Median List Price $ 4,395,000
Median Price of New Listings
$ 3,275,000
Per Square Foot $ 1,779
Average Days on Market
150
Median Days on Market 105 Price Decreased 31 %
0
33 Slight Seller ' s Advantage
100
Price Increased 2 % Relisted 13 %
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 .
First American Title
Inventory |
87 |
Median Rent |
$ 11,998 |
Market Action |
33 |
Slight Seller ' s Advantage |
Market Segments
NEWPORT BEACH | SINGLE FAMILY HOMES Single-Family Homes
This week the median list price for Newport Beach , CA is $ 5,447,497 with the market action index hovering around 36 . This is an increase over last month ' s market action index of 33 . Inventory has increased to 108 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Buyer ' s Market
10
Seller ' s Market
Real-Time Market Profile Median List Price $ 5,447,497
Median Price of New Listings
Each segment below represents approximately 25 % of the market ordered by Price price Increased
. 7 %
0
20
30
40
50
60
Last Month
36
70
Today
80
90
100
Median Price Slight Sq . Ft Seller . ' Lot s Advantage Size Beds Bath Relisted Age New Absorbed 9 % DOM
|
While
$ 14,995,000 the Market Action
5,112 Index shows
0.25 some - 0.5 strengthening acre in the last
4
|
6Inventory19 |
1 |
2 |
108
210
|
|
few weeks , prices have not seemed to move from their plateau . Should the
$ 6,375,000 upward trend in sales
3,347 relative to
8,000 inventory - 10,000 continue sqft , expect prices
4
|
Median Rent
4
29
|
0 |
2 |
$ 8,748
147
|
|
to resume an upward climb in tandem with the MAI .
$ 3,787,500
2,094
4,500 - 6,500 sqft
|
3 |
Market Action
3
62
|
3 |
4 |
36
49
|
Slight Seller ' s Advantage |
$ 2,397,000 |
1,675 |
0 - 4,500 sqft |
3 |
2 |
60 |
2 |
2 |
42 |
Median List Price |
$ 8.0M
Tue Feb 20 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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REALTOR ® | DRE # 01871040 schedule a confidential consultation .
$ 4,447,000
Per Square Foot $ 1,760
Average Days on Market
91
Median Days on Market 56 Price Decreased 19 %
1 of 1
$ 3.0M * medium teams by sales volume
$ 2.0M |
Aug 2019 |
Feb 2020 |
Aug 2020 |
Feb 2021 |
Aug 2021 |
Feb 2022 |
Aug 2022 |
Feb 2023 |
Aug 2023 |
Feb 2024 |