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August 6, 2013 – Coastal Market Update – Corona del Mar

The median list price in Corona del Mar this week is $3,079,000.

Inventory is tightening, and days on market are falling. The Market Action Index shows demand heating up. These are relatively bullish signs for
prices.

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 changing from their current trend.

 

 

 

Source: Altos Research