Dana Point (February 14, 2014)

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The median list price in Dana Point this week is $1,595,000.

Inventory is tightening and days-on-the market is falling. But demand on the Market Action Index is also trending down. The market is not giving strong up or down signals.

Supply and Demand:

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changed from their current trend.

Price:

Price tends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.