Dana Point and Laguna Niguel Market Report

Low inventory keeps both Dana Point and Laguna Niguel at a Seller’s Advantage.  Asking price per square foot has lowered in both areas. Median list prices have remained the same for both Dana Point and Laguna Niguel.

This Week in Dana Point

Dana Point has shifted back to a seller’s advantage. The median list price remains about the same, $1,700,000, with the asking price per square foot increasing.  The average DOM, days on market, is in an upward trend. Asking price per square foot is at $625, and homes are remaining on the market for an average of 109 days.

Dana Point Market Profile

Median List Price: $1,700,000

Asking Price Per Square Foot: $625

Average Days on Market (DOM): 109

Percent of Properties with Price Decrease: 32%

Percent Relisted (reset DOM): 7%

Percent Flip (price increased) 3%

Median House Size (sq. ft.): 2,873

Median Lot Size: 6,501 – 8,000 sq. ft.

Median Number of Bedrooms: 4.0

Median Number of Bathrooms: 3.0

Market Action Index – Seller’s Advantage 30.7

This Week in Laguna Niguel

There is a slight change in the median list price in Laguna Niguel which is currently at $980,782. The asking price per square foot is at $411 and current inventory keeps us in a Seller’s Market with no change.

We have seen a slight downward change in the Asking Price Per Square Foot, and the average Days on Market in Laguna Niguel have decreased slightly to an average of 71 days.

Laguna Niguel Market Profile

Median List Price: $980,782

Asking Price Per Square Foot: $411

Average Days on Market (DOM): 71

Percent of Properties with Price Decrease: 39%

Percent Relisted (reset DOM): 6%

Percent Flip (price increased) 2%

Median House Size (sq. ft.): 2,652

Median Lot Size: 4,501 – 6,500 square foot

Median Number of Bedrooms: 4.0

Median Number of Bathrooms: 3.0

Market Action Index – Seller’s Advantage: 36.0

Although each week we see slight fluctuations in either direction, the market seems to have reached a plateau and especially in Laguna Niguel.

Changes in either direction can result in advantages to both buyers and/or sellers. Contact us to discuss the current market in Dana Point and Laguna Niguel and how you may be affected as a buyer or seller.