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 $ 4,500,000 with the market action index hovering around 33 . This is less than last month ' s market action index of 37 . Inventory has held steady at or around 103 .
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 $ 4,500,000
Median Price of New Listings
$ 3,822,500
Per Square Foot $ 1,726
Average Days on Market
136
Median Days on Market 70 Price Decreased 30 %
0
33 Slight Seller ' s Advantage
100
Price Increased 0 % Relisted 5 %
The market has started cooling and prices have recently plateaued . Since we ’ re in the Seller ’ s zone , watch for changes in MAI . If the MAI resumes its climb , prices will likely follow suit . If the MAI drops consistently or falls into the Buyer ’ s zone , watch for downward pressure on prices .
First American Title
Inventory |
103 |
Median Rent |
$ 12,000 |
Market Action |
33 |
Slight Seller ' s Advantage |
NEWPORT BEACH | SINGLE FAMILY HOMES Single-Family Homes
This week the median list price for Newport Beach , CA is $ 5,975,000 with the market action index hovering around 35 . This is less than last month ' s market action index of 38 . Inventory has increased to 141 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Real-Time Market Profile Median List Price $ 5,975,000
Median Price of New Listings
$ 5,395,000
Buyer ' s Market |
20 |
30 |
40 |
50 |
60 |
70 |
80 |
Seller ' s Market |
Per Square Foot $ 1,841
Average Days on Market
90
|
10
Market Segments
0
Last Month
35
Today
90
|
Each segment below represents approximately 25 % of the market ordered by
Price price
Increased .
|
3 % |
Slight Seller ' s Advantage |
|
|
|
|
|
Median Price
Sq . Ft .
Lot Size
Beds
The market has started cooling and prices have recently plateaued .
|
Bath
RelistedAge
|
New |
Absorbed |
8 %
DOM
|
|
Since
$ 11,995,000 we ’ re in the Seller
4,400 ’ s zone , watch
0.25 for - changes 0.5 acre in MAI . If the 4MAI
|
6
Inventory
30
|
4 |
4 |
141
224
|
|
resumes its climb , prices will likely follow suit . If the MAI drops consistently
$ 5,995,000or falls into
3,483 the Buyer ’ s zone
6,500 , watch - 8,000 for sqft downward pressure
4
|
Median Rent
4.5
41
|
2 |
1 |
$ 9,985
70
|
|
on prices .
$ 3,995,000
|
2,809 |
6,500 - 8,000 sqft |
4 |
Market Action
3
47
|
4 |
1 |
35
52
|
Slight Seller ' s Advantage |
$ 2,520,000 |
1,634 |
0 - 4,500 sqft |
3 |
2 |
65 |
4 |
3 |
45 |
Median List Price |
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$ 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 May 13 2024
Median Days on Market 63 Price Decreased 34 %
Please text LIVEL at 949.922.9552 to schedule a confidential consultation .
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$ 3.0M * medium teams by sales volume
$ 2.0M |
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