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July 12, 2013 – Coastal Market Update – Corona del Mar

The median list price in Corona del Mar this week is $3,177,000.
Inventory has been lightening lately, and the Market Action Index has been trending up. Though days on market are increasing, these are mildly positive indications for the market.

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