Corona Del Mar, CA 92625 is currently a Buyer's Market.
DETACHED SINGLE-FAMILY HOMES IN CORONA DEL MAR, CA 92625:
The median list price this week for single-family homes in Corona Del Mar, CA 92625, is $5,295,000, with the Corona del Mar market action index (which compares the rate of homes sales in Corona Del Mar versus available housing inventory in Corona Del Mar) hovering around 28 (an increase from last month's Corona Del Mar market action index).
While such a rise indicates a gradual shift toward a Seller's market, at least for the time being, Corona Del Mar is still a Buyer's market when it comes to detached single-family homes.
Single-family home Inventory in Corona Del Mar has held steady at or around 77 while sales of single-family homes in Corona Del Mar have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's Market zone, and we are likely to see upward pressure on pricing.
ATTACHED CONDOS & TOWNHOMES IN CORONA DEL MAR, CA 92625:
This week the median list price of attached condos and townhomes in Corona Del Mar, CA 92625, is $2,260,000 with the market action index hovering around 29. This market action index is about the same as last month's market action index, and inventory has held steady at or around 38.
The attached condo and townhome market in Corona Del Mar, CA 92625, has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. We will continue keeping an eye on the Corona Del Mar Market Action Index for changes, as it can be a leading indicator of price changes.
To view and download our complete Local Real Estate Market Report for Corona Del Mar, CA 92625, a wonderful village by the sea in Orange County, where locals enjoy a uniquely walkable lifestyle, please visit: https://www.titanpac.com/market-insights
About the Author, Omid Yousofi, Principal Partner of Titan Pacific Real Estate: As a seasoned Realtor and the Principal Partner of the Titan Pacific Group - Real Estate Sales & Investments, Omid brings a proven track record of success representing buyers, sellers, and investors of residential (single-family and condos), multifamily (duplex/triplex/fourplex), commercial (5+ unit multifamily, office, and industrial warehouses) real estate throughout Southern California with a particular focus on Orange County, San Diego County, and Los Angeles County. He is a Corona del Mar local, and his accomplishments include receiving HomeLight's 2018 Top Negotiator Award, for among other things, negotiating the single largest purchase price reduction in Newport Beach (as a Buyer's Agent) and setting the second-highest price per square foot sale in the city of Mountain View (as a Listing Agent). Omid also received 2018 Best of HomeLight award for ranking in the top 1% of Realtors based on closed sales volume.
“Expect more from your Realtor!”
Omid Yousofi | Principal Partner & Realtor
TITAN PACIFIC REAL ESTATE GROUP
J.D., B.S. Civil Engineering & Constr. Mgmt
(Lic# 01702974)
M: 858.232.5712
O: 949.464.7639
2855 E. Pacific Coast Hwy, Ste. 225
Corona del Mar, CA 92625
