Current Market Trends in Laguna Niguel and Dana Point

Currently inventory has been decreasing in both Dana Point and Laguna Niguel. Though, the strong upward trend in the median list price for Laguna Niguel, which rose to $957,450, has been favorable.

Laguna Niguel

With fewer homes listed in Laguna Niguel, sales demand is up which resulted in increasing prices. We see no signs of prices softening from their current upward trend because of current supply and demand.

The Market Action Index of 40.5 indicates a seller’s market. Though days on market are increasing, the change is not unusual for winter months in the area.

Real-Time Profile                                                   

Median List Price                                              $957,450

Asking Price Per Square Foot                           $407  

Average Days on Market (DOM)                       93

Properties with Price Decrease                         43%

Percent Relisted (reset DOM)                           14%

Percent Flip (price increased)                          3%

Median House Size (sq ft)                                2,592

Median Lot Size (sq ft)                                    6,501 – 8,000 

Median Number of Bedrooms                          4.0

Median Number of Bathrooms                         2.5

Market Action Index (Seller’s Advantage)       40.5

Dana Point

Dana Point remains at a Seller’s Advantage with no change in the Market Action Index. Although we are seeing Median List prices taking a dip from previous weeks, the market has still made positive changes from 2012 levels. Again, Days on Market are consistent with this time of the year.

Real-Time Profile   

Median List Price                                             $1,290,000

Asking Price Per Square Foot                          $526

Average Days on Market (DOM)                      128

Properties with Price Decrease                        29%

Percent Relisted (reset DOM)                          48%

Percent Flip (price increased)                         5%

Median House Size (sq ft)                               2,514

Median Lot Size (sq ft)                                   6,501 – 8,000 

Median Number of Bedrooms                         4.0

Median Number of Bathrooms                        2.5

Market Action Index (Seller’s Advantage)      40.8

Summary

It’s important to use these figures properly keeping in mind that the real estate market can fluctuate for many reasons which include seasonal changes. Feel free to contact me, as I keep a constant eye on real estate changes in Dana Point and Laguna Niguel.