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 30 . This is about the same as last month ' s market action index of 30 . Inventory has increased to 135 .
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
$ 4,650,000
Per Square Foot $ 1,938
Average Days on Market
137
Median Days on Market 63 Price Decreased 38 %
0
30 Slight Seller ' s Advantage
100
Price Increased 1 % Relisted 10 %
The market has shown some evidence of slowing recently . Both prices and inventory levels are relatively unchanged in recent weeks . Watch the Market Action Index for changes as it can be a leading indicator for price changes .
Inventory 135 Median Rent $ 12,000 Market Action 30
Slight Seller ' s Advantage
First American Title
NEWPORT BEACH | SINGLE FAMILY HOMES
Single-Family Homes
This week the median list price for Newport Beach , CA is $ 6,495,000 with the market action index hovering around 33 . This is less than last month ' s market action index of 35 . Inventory has decreased to 147 .
Market Action Index
This answers “ How ’ s the Market ?” by comparing rate of sales versus inventory .
Real-Time Market Profile Median List Price $ 6,495,000
Median Price of New Listings
$ 5,637,494
Buyer ' s Market
Seller ' s Market
First American Title Insurance Company , and the operating divisions thereof , make no express or implied warranty respecting the information presented $ 8.0M and assume no responsibility for errors or omissions . First American , the eagle logo , First American Title , and firstam . com are registered trademarks or trademarks of First American Financial Corporation and / or its affiliates . Source : Altos Research LLC © 2020 First American Financial
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OVER $ 1 BILLION IN LOCAL CAREER SALES # 2 TEAM IN ORANGE COUNTY * LIVELREALESTATE . COM MEITAL TAUB | 949.922.9552 REALTOR ® | DRE # 01871040
Dec 2020 Jun 2021 Dec 2021
* medium teams by sales volume . as recognized by Real Trends , 2024 .
Per Square Foot $ 1,843
Average Days on |
108 |
Market Segments |
Market |
|
Median Days on Market
Each segment below represents approximately 25 % of the market ordered by price .
|
63 |
Price Decreased |
35 % |
Median Price |
Sq . Ft . |
33
Lot Size
|
Beds |
Bath
Age
Price Increased
|
New |
Absorbed |
DOM
4 %
|
|
Slight Seller ' s Advantage
$ 12,000,000
4,069
8,000 - 10,000 sqft
4
The market has been cooling over time and prices have recently
|
5
61
Relisted
|
2 |
2 |
105
7 %
|
|
flattened
$ 5,995,000 . Despite the consistent
3,389 decrease
6,500 - in 8,000 Market sqftAction Index
4 ( MAI ),
|
4Inventory45 |
2 |
0 |
147
59
|
|
we ’ re in a Seller ’ s Market ( where significant demand leaves little
$ 3,997,000
2,586
4,500 - 6,500 sqft
3 inventory available ). If the MAI begins to climb , prices will likely follow
|
3Median
Rent
50
|
4 |
5 |
$ 9,995
87
|
|
suit . If the MAI drops consistently or falls into the Buyer ’ s zone , watch
$ 2,472,500
1,342
0 - 4,500 sqft
2 for downward pressure on prices .
|
Market Action
33
2
75
3
6
45
Slight Seller ' s Advantage
|
10
0
20
Median List Price
$ 6.0M
$ 5.0M
$ 4.0M
$ 3.0M
$ 2.0M Dec 2019
30
Market Segments
40
Jun 2020
50
60
Last Month
70
Today
80
90
100
7-Day Average
Jul 2022 90-Day Average
Each segment below represents approximately 25 % of the market ordered by price .
1 of 1
Please text LIVEL at 949.922.9552 to schedule a confidential consultation .
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