Dana Point (November 22, 2013)

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This Week

The median list price in Dana Point this week is $1,225,000.

Inventory has been lightening lately and days on the market increasing. Not The Market Index has been basically flat, not providing a strong indication for the market.

Supply and Demand

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices continue to fall. Technically supply levels indicate this is a seller’s market.

Price

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us of that cycle.

_DANA POINT-3