Single-Family Homes
Fri Mar 05 2021
This week the median list price for Corona Del Mar, CA is $4,995,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 61.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Median List Price | $4,995,000 | |
Per Square Foot | $1,498 | |
Days on Market | 133 | |
Price Decreased | 34% | |
Price Increased | 3% | |
Relisted | 16% | |
Inventory | 61 | |
Median Rent | $6,000 | |
Most Expensive | $32,995,000 | |
Least Expensive | $1,995,000 | |
Market Action | 29 | |
Slight Buyer'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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$19,100,000 | 8,278 | 0.25 - 0.5 acre | 5 | 7 | 9 | 0 | 0 | 154 |
$6,595,000 | 4,250 | 6,500 - 8,000 sqft | 4 | 6 | 13 | 1 | 2 | 140 |
$4,495,000 | 3,146 | 0 - 4,500 sqft | 4 | 4 | 14 | 0 | 1 | 126 |
$2,762,000 | 2,580 | 6,500 - 8,000 sqft | 3 | 3 | 46 | 3 | 1 | 49 |