Kyle O'Kelly's Market Report

Dana Point, CA 92629

Single-Family Homes

O'KELLY PACIFIC REAL ESTATE | 949-289-5700 | kyle@okellypacific.com



Dana Point, CA 92629

Sat Mar 02 2024
This week the median list price for Dana Point, CA 92629 is $3,235,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 42. Click here to stay informed with the Dana Point market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Dana Point, CA 92629

Sat Mar 02 2024
This week the median list price for Dana Point, CA 92629 is $3,235,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 42. Click here to stay informed with the Dana Point market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Dana Point market.
Median List Price $3,235,000
Median Price of New Listings $2,837,500
Per Square Foot $1,431
Average Days on Market 124
Median Days on Market 63
Price Decreased 31%
Price Increased 0%
Relisted 7%
Inventory 42
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$16,699,000 6,275 0.25 - 0.5 acre 4 7 9 0 0 178
$7,875,000 2,991 0.25 - 0.5 acre 3 3.8 56 1 6 31
$2,588,000 2,395 4,500 - 6,500 sqft 3 3 34 3 1 77
$1,780,000 1,800 4,500 - 6,500 sqft 3 3 40 0 2 35