Market View: June 3, 2011 Corona Del Mar

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    Median List Price

    The median list price in CORONA DEL MAR, CA 92625 this week is $2,020,000. 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

    The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

    Price

    Recently, prices in this ZIP code have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.