Corona Del Mar: December 14, 2012

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The median list price in Corona del Mar this week is $2,595,000.
The Market Action Index has been trending down lately, while days on market are climbing, providing mostly bearish signs for the market.

Supply and Demand
The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory. It’s a buyer’s market and prices continue to fall. Look for a persistent shift in market action before prices plateau or begin to rise again.

Price
Prices in Corona del Mar have been on a downward trend recently, and this week, while essentially flat, doesn’t break us out of that cycle.

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