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September 30, 2013 – Coastal Market Update – Corona Del Mar

THE MEDIAN LIST PRICE in Corona Del Mar this week is $3,177,000.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

SUPPLY AND DEMAND
In terms of supply and demand, the market is cooling – more supply is coming on the market relative to the sales demand.

PRICE
In this zip code this week saw relatively little price change from last week.

  

  

 

Source: Altos Research