Corona del Mar (February 7, 2014)

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This Week

The median list price in Corona del Mar this week is $2,593,000.

The Market Action Index has been basically flat recently, and days on the market are decreasing. These are not strong signals for the market’s direction.

Supply and Demand

The market has been cooking off a bit in recent weeks as more homes are available and demand is less. Prices are moving lower as a result.

Price

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of the cycle.