Market View: March 25, 2011 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH, CA 92651 this week is $1,995,000. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

Supply and Demand

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Price

In this ZIP code this week there was relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.