Coastal Real Estate Guide
Laguna Beach, CA 92651
Single-Family Homes
Firebrand Media LLC
Laguna Beach, CA 92651
Fri Dec 01 2023
This week the median list price for Laguna Beach, CA 92651 is $4,750,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 113.
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 has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $4,750,000 | |
| Median Price of New Listings | $3,892,500 | |
| Per Square Foot | $1,721 | |
| Average Days on Market | 124 | |
| Median Days on Market | 91 | |
| Price Decreased | 39% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 113 | |
| Median Rent | ||
| Market Action | 31 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $20,225,000 | 5,050 | 0.25 - 0.5 acre | 4 | 5.5 | 68 | 1 | 4 | 199 |
| $6,447,500 | 3,398 | 6,500 - 8,000 sqft | 4 | 4 | 60 | 1 | 2 | 108 |
| $3,900,000 | 2,761 | 4,500 - 6,500 sqft | 3 | 3 | 61 | 3 | 1 | 52 |
| $2,399,000 | 1,800 | 0 - 4,500 sqft | 3 | 3 | 57 | 1 | 1 | 42 |