Corona Del Mar:March 04, 2013

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The median list price in Corona del Mar this week is $2,698,000.

The Market Action Index has been climbing lately, while days on market are trending down. These point to a positive near-term outlook 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

Despite this week’s tic, price trends in Corona del Mar have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index to see if we expect this week’s blip to become a downward trend.

Michael Salas Exec Summary [SF]_CA_CORONA DEL MAR_92625-15