We’ve seen some changes in the Dana Point and Laguna Niguel areas. The Market Action index shows Dana Point with a Buyer’s Advantage while Laguna Niguel continues to be a seller’s market. Median List Prices have remained the same for both areas.
This Week in Dana Point
Dana Point has shifted from a Seller’s Advantage to a Buyer’s Advantage. The median list price remains the same, however the asking price per square foot has increased with the average DOM, days on market, in a strong downward trend. Inventory levels remain unchanged in recent weeks.
Find out what's happening in Laguna Niguel-Dana Pointwith free, real-time updates from Patch.
Asking price per square foot is at $666, and homes are remaining on the market for an average of 121 days.
Dana Point Market Profile
Find out what's happening in Laguna Niguel-Dana Pointwith free, real-time updates from Patch.
- Median List Price: $1,697,000
- Asking Price Per Square Foot: $666
- Average Days on Market (DOM): 121
- Percent of Properties with Price Decrease: 30%
- Percent Relisted (reset DOM): 4%
- Percent Flip (price increased) 0%
- Median House Size (sq ft): 2,755
- Median Lot Size: 6,501 – 8,000 square feet
- Median Number of Bedrooms: 4.0
- Median Number of Bathrooms: 3.0
- Market Action Index – Buyer’s Advantage: 29.9
This Week in Laguna Niguel
We see no change in the median list price in Laguna Niguel which is currently at $987,450. The asking price per square foot is at $420, and current inventory keeps us in a Seller’s Market with a slight upward trend.
We have seen a slight upward change in the Asking Price Per Square Foot, and the average Days on Market in Laguna Niguel have increased to an average of 73 days.
Laguna Niguel Market Profile
- Median List Price: $987,450
- Asking Price Per Square Foot: $420
- Average Days on Market (DOM): 73
- Percent of Properties with Price Decrease: 34%
- Percent Relisted (reset DOM): 5%
- Percent Flip (price increased) 3%
- Median House Size (sq. ft.): 2,604
- Median Lot Size: 4,501 – 6,500 square feet
- Median Number of Bedrooms: 4.0
- Median Number of Bathrooms: 3.0
- Market Action Index – Seller’s Advantage: 36.5
Although, each week we will see slight fluctuations in either direction, the market remains at healthy levels in both Laguna Niguel and Dana Point.
A change in either direction can mean advantages to both buyers and/or sellers. Contact us to discuss today’s market and how your choices may be affected by current statistics.
