Median list prices in Dana Point remained at an impressive $1,274,500 for the week ending on Monday, November 4, 2013. Though prices have been trending down, days-on-market are increasing. Although mild, these are positive indicators for the real estate market.
What Dana Point Statistics Mean
Today’s listing prices benefit both buyers and sellers alike. At the same time, we expect prices to level off soon, as the market is already at a seller’s advantage. Were the sales trend to continue, we could expect prices to climb.
Find out what's happening in Laguna Niguel-Dana Pointfor free with the latest updates from Patch.
Real Time Statistics
Median List Price $1,274,500
Find out what's happening in Laguna Niguel-Dana Pointfor free with the latest updates from Patch.
Asking Price Per Square Foot $512
Average Days on Market 108
Median House Size 2,571 sq. ft.
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
Market Action Index (Seller’s Advantage) 40.7
Buyer’s Benefit
While we are in a seller’s market, buyers can still benefit from the softened prices. They can purchase homes at a lower median list price and at a lower per square foot asking price. Today’s buyers are still at an advantage as interest rates remain at remarkable lows.
Seller’s Benefit
The lightened inventory and lower average Days on Market (DOM) benefit motivated sellers. If you are a seller in today’s market, this is your day! Demand drives competition and your home is in demand. You experience more freedom when choosing between offers on your home.
This is a good time to sell unique homes, homes that are harder to sell, as well. Again, demand increases your chances of selling hard-to-sell homes.
Let’s Talk
November puts us in a unique position. It’s a good time to purchase from a buyer’s standpoint and a great time to sell as well. Contact us and we can explain what to expect when purchasing and selling in today’s market.
