Laguna Beach (August 2, 2013)

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This Week

The median list price in Laguna Beach this week is $2,399,900.

Even though the days on market are trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

Supply and Demand

The market has settled in at a relative stasis in inventory and sale conditions. It’s a buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Price

Prices in Laguna Beach 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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