Corona del Mar (September 6, 2013)

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This Week

The median list price in Corona del Mar this week is $3,195,000.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

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_92625-39