Corona del Mar (August 30, 2013)

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This Week

The median list price in Corona del Mar this week is $3,395,000.

Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.

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

In this zip code this week saw relatively little prices change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

cORONA DEL MAR_92625-38