Corona del Mar (January 10, 2014)

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This Week

The median list price in Corona del Mar this week is  $2,997,500.

Inventory and days on the market is increasing. An improving Market Action Index implies some increased demand will counter negative trends.

Supply and Demand

The market has been cooling off in recent weeks, as more homes are available and demand is less. Prices are moving lower as a result. Expect this trend to continue especially if the index falls to the buyer’s zone.

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 that cycle.

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