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 $ 4,895,000 with the market action index hovering around 36 . This is an increase over last month ' s market action index of 34 . Inventory has increased to 101 .
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 $ 4,895,000
Median Price of New Listings
$ 3,683,500
Per Square Foot $ 1,765
Average Days on Market
158
Median Days on Market 91 Price Decreased 33 %
0
36 Slight Seller ' s Advantage
100
Price Increased 4 % Relisted 16 %
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory . However , inventory is sufficiently low to keep us in the Seller ’ s Market zone so watch changes in the MAI . If the market heats up , prices are likely to resume an upward climb .
First American Title
Inventory |
101 |
Median Rent |
$ 12,000 |
Market Action |
36 |
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 $ 5,754,600 with the market action index hovering around 38 . This is an increase over last month ' s market action index of 35 . Inventory has decreased to 109 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Buyer ' s Market
10
Each segment below represents approximately 25 % of the market ordered by Price price Increased
. 7 %
0
20
30
40
50
60
Last Month
38
70
Today
80
90
Seller ' s Market
Median Price Slight Sq . Ft Seller . ' s Lot Advantage Size Beds Bath RelistedAge New Absorbed 11 DOM %
|
Home
$ 14,995,000 sales continue to
5,098 outstrip supply
0.25 and - 0.5 the acre Market Action Index
4 has
|
6
Inventory
21
|
0 |
1 |
109
266
|
|
been moving higher for several weeks . This is a Seller ’ s market so watch
$ 6,495,000 for upward pricing
3,537 pressure in
6,500 the near - 8,000 future sqft if the trend4
|
Median Rent
4
35
|
3 |
1 |
$ 9,250
77
|
|
continues .
$ 3,895,000
|
2,800 |
6,500 - 8,000 sqft |
4 |
Market Action
3
48
|
2 |
3 |
38
84
|
Slight Seller ' s Advantage |
$ 2,406,500 |
1,679 |
0 - 4,500 sqft |
3 |
2 |
62 |
3 |
3 |
84 |
Median List Price |
$ 8.0M 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
MEITAL TAUB | 949.922.9552
100
REALTOR ® | DRE # 01871040
$ 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
Mon Apr 15 2024
Real-Time Market Profile Median List Price $ 5,754,600
Median Price of New Listings
Please text LIVEL at 949.922.9552 to schedule a confidential consultation .
$ 5,849,999
Per Square Foot $ 1,810
Average Days on Market
94
Median Days on Market 56 Price Decreased 33 %
1 of 1
$ 3.0M * medium teams by sales volume
$ 2.0M |
Oct 2019 |
Apr 2020 |
Oct 2020 |
Apr 2021 |
Oct 2021 |
Apr 2022 |
Oct 2022 |
Apr 2023 |
Oct 2023 |
Apr 2024 |
7-Day Average 90-Day Average