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 $ 4,645,000 with the market action index hovering around 34 . This is about the same as last month ' s market action index of 34 . Inventory has increased to 92 .
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 $ 4,645,000
Median Price of New Listings
$ 4,695,000
Per Square Foot $ 1,772
Average Days on Market
160
Median Days on Market 119 Price Decreased 34 %
0
34 Slight Seller ' s Advantage
100
Price Increased 2 % Relisted 16 %
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 .
First American Title
Inventory |
92 |
Median Rent |
$ 10,998 |
Market Action |
34 |
Slight Seller ' s Advantage |
NEWPORT BEACH | SINGLE FAMILY HOMES Single-Family Homes
This week the median list price for Newport Beach , CA is $ 5,795,000 with the market action index hovering around 35 . This is less than last month ' s market action index of 36 . Inventory has increased to 125 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Real-Time Market Profile Median List Price $ 5,795,000
Median Price of New Listings
$ 4,395,000
Buyer ' s Market |
20 |
30 |
40 |
50 |
60 |
70 |
80 |
Seller ' s Market |
Per Square Foot $ 1,762
Average Days on Market
90
|
10
Market Segments
0
Last Month
35
Today
90
100
Median Days on Market 42
Price Decreased 26 %
|
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 started cooling and prices have recently plateaued .
|
Bath
Relisted
Age
|
New |
Absorbed |
10
DOM %
|
|
Since
$ 15,495,000 we ’ re in the Seller
5,109 ’ s zone , watch
0.25 for - changes 0.5 acre in MAI . If the 4MAI
|
6Inventory22 |
1 |
0 |
125
245
|
|
resumes its climb , prices will likely follow suit . If the MAI drops consistently
$ 6,995,000or falls into
3,568 the Buyer ’ s
8,000 zone , - watch 10,000 for sqft downward pressure
4
|
Median Rent
5
27
|
5 |
1 |
$ 8,688
98
|
|
on prices .
$ 3,950,000
|
2,643 |
6,500 - 8,000 sqft |
4 |
Market Action
3
50
|
2 |
1 |
35
70
|
Slight Seller ' s Advantage |
$ 2,399,000 |
1,741 |
0 - 4,500 sqft |
3 |
2 |
62 |
3 |
3 |
77 |
Median List Price |
$ 8.0M
Mon Mar 25 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 |
Sep 2019 |
Mar 2020 |
Sep 2020 |
Mar 2021 |
Sep 2021 |
Mar 2022 |
Sep 2022 |
Mar 2023 |
Sep 2023 |
Mar 2024 |
7-Day Average 90-Day Average