The Aaronson Group's Market Report

Corona Del Mar, CA

Single-Family Homes

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Corona Del Mar, CA

Sat Jun 10 2023
This week the median list price for Corona Del Mar, CA is $7,995,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 39. Click here to stay informed with the Corona Del Mar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Corona Del Mar, CA

Sat Jun 10 2023
This week the median list price for Corona Del Mar, CA is $7,995,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 39. Click here to stay informed with the Corona Del Mar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Corona Del Mar market.
Median List Price $7,995,000
Median Price of New Listings $16,485,000
Per Square Foot $1,995
Average Days on Market 102
Median Days on Market 77
Price Decreased 28%
Price Increased 3%
Relisted 5%
Inventory 39
Median Rent
Market Action 33
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$19,900,000 5,678 6,500 - 8,000 sqft 4 6 15 1 2 210
$9,497,500 3,937 6,500 - 8,000 sqft 4 6 21 0 0 84
$5,572,500 3,112 8,000 - 10,000 sqft 4 4 36 0 0 45
$3,583,999 2,296 4,500 - 6,500 sqft 3 3 47 1 1 31