This week, the market profile in the Dana Point and Laguna Niguel areas has remained much the same with the exception of Dana Point’s median list price. We’re seeing an upward trend, climbing to an impressive $1,585,000, in the Dana Point area.
Both areas continue to be a seller’s market.
This Week in Dana Point
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Currently, the good news with Dana Point is that the median list price has increased while the market report shows no change in the DOM, days on market. Inventory remains sufficiently low. That coupled with an upward trend in prices keeps us in the Seller’s Market zone in Dana Point.
Asking price per square foot is at $585, and homes are remaining on the market for an average of 154 days.
Find out what's happening in Laguna Niguel-Dana Pointwith free, real-time updates from Patch.
Dana Point Market Profile
Median List Price: $1,585,000
Asking Price Per Square Foot: $583
Average Days on Market (DOM): 154
Percent of Properties with Price Decrease: 26%
Percent Relisted (reset DOM): 78%
Percent Flip (price increased): 1%
Median House Size (sq ft): 2,600
Median Lot Size: 6,501 – 8,000 sq. ft.
Median Number of Bedrooms: 4.0
Median Number of Bathrooms: 3.0
Market Action Index – Seller’s Advantage: 30.8
This Week in Laguna Niguel
We see no change in the median list price in Laguna Niguel which is currently at $899,000. The asking price per square foot is at $405 and current inventory keeps us in a Seller’s Market.
As with Dana Point, we haven’t seen a change in the Asking Price Per Square Foot. However, the average Days on Market in Laguna Niguel have lowered to an average of 85 days.
Laguna Niguel Market Profile
Median List Price: $899,000
Asking Price Per Square Foot: $405
Average Days on Market (DOM): 85
Percent of Properties with Price Decrease: 32%
Percent Relisted (reset DOM): 63%
Percent Flip (price increased): 7%
Median House Size (sq. ft.): 2,404
Median Number of Bedrooms: 4.0
Median Number of Bathrooms: 3.0
Market Action Index – Seller’s Advantage: 36.9
While we understand that things can move in either direction, the market remains healthier than we have seen previously.
We’re at a point where serious buyers and sellers should consider what a change in the market would mean for them. Contact us to discuss the current market and how it might affect your choices.