Corona del Mar (May 17, 2013)

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This Week

The median list price in Corona del Mar this week is $3,099,500.

Inventory and days on market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

Supply and Demand

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Price

Price trends in Corona del Mar continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.

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