Laguna Beach (March 24, 2014)

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1740

This Week

The median list price in Laguna Beach this week is $2,850,000

Days-on-market is holding steady and demand measured by the Market Action Index is increasing. Conditions are mildly positive as more properties come on the market.

Supply and Demand

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

Price

We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.