Kyle O'Kelly's Market Report
San Juan Capistrano, CA 92675
Single-Family Homes
O'KELLY PACIFIC REAL ESTATE | 949-289-5700 | kyle@okellypacific.com
San Juan Capistrano, CA 92675
Fri Jul 26 2024
This week the median list price for San Juan Capistrano, CA 92675 is $2,559,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 49.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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.
Real-Time Market Profile
| Median List Price | $2,559,000 | |
| Median Price of New Listings | $1,399,000 | |
| Per Square Foot | $723 | |
| Average Days on Market | 53 | |
| Median Days on Market | 28 | |
| Price Decreased | 35% | |
| Price Increased | 2% | |
| Relisted | 0% | |
| Inventory | 49 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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 |
|---|---|---|---|---|---|---|---|---|
| $5,597,000 | 6,050 | 0.5 - 1 acre | 5 | 6 | 21 | 0 | 0 | 66 |
| $2,947,500 | 4,403 | 0.25 - 0.5 acre | 5 | 5 | 27 | 1 | 2 | 42 |
| $2,124,500 | 3,080 | 0.25 - 0.5 acre | 4 | 3 | 47 | 2 | 2 | 17 |
| $1,199,990 | 1,680 | 0 - 4,500 sqft | 3 | 3 | 48 | 6 | 1 | 7 |