Laguna Beach (August 30, 2013)

0
1576

This Week

The median list price in Laguna Beach this week is $2,485,000.

Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.

Supply and Demand

The market has settled in a relative stasis in inventory and sales 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 this zip code have been on a downward trend recently. And this week, while essentially flat, doesn’t break us out of that cycle.

LAGUNA BEACH_92651-37