Single-Family Homes
Mon Dec 04 2023
This week the median list price for Laguna Beach, CA 92651 is $4,850,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 113.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Median List Price | $4,850,000 | |
Median Price of New Listings | $3,795,000 | |
Per Square Foot | $1,779 | |
Average Days on Market | 127 | |
Median Days on Market | 91 | |
Price Decreased | 36% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 113 | |
Median Rent | ||
Market Action | 30 | |
Slight Seller's Advantage |
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$20,225,000 | 5,050 | 0.25 - 0.5 acre | 4 | 5.5 | 68 | 0 | 0 | 206 |
$6,447,500 | 3,398 | 8,000 - 10,000 sqft | 4 | 4 | 61 | 1 | 0 | 115 |
$3,995,000 | 2,820 | 4,500 - 6,500 sqft | 4 | 3 | 61 | 2 | 1 | 56 |
$2,495,000 | 1,849 | 0 - 4,500 sqft | 3 | 2 | 57 | 1 | 2 | 49 |