Newport Beach Luxury Real Estate

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Current prices for homes on the market

Trends in pricing

Current levels of supply and demand

market update

CORONA DEL MAR

92625

2008-09-19

Report for the week of

2mediainfo.com

www.2mediainfo.com/info@2mediainfo.com

Presented by 2media Info

949-723-3160

To see everything available in the Corona del Real Estate Market click below

http://www.2newportbeach.com/content/corona-del-mar-mls.php

The median single family home price in CORONA DEL MAR this week is $2,599,999. The 103 homes have been on the market for an average of 156 days.

THIS WEEK

Most Expensive Listing

Least Expensive Listing

Median List Price

Average List Price

Real-Time Market Profile Trend

Total Inventory

$ 2,599,999

$ 3,750,746

$ 75,000,000

$ 1,079,500

103

Average Days on Market 156

Asking Price per Square Foot $ 1,010

Absorbed This Week* 6

Percent of Properties with Price Decrease 44 %

Percent Relisted (reset DOM) 15 %

Percent Flip (price increased) 6 %

City Overview CORONA DEL MAR

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. To get a tightly targeted

understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

QUARTILES

Characteristics per Quartile

*Metric “Absorbed this Week” covers properties sold and those taken off the market for other reasons.

Since sales sometimes take months to close, it is impossible to discern in real-time exactly which properties

sold.

3,185 4.0 4.0 46 25 2 2 Most expensive 25% of homes

6,501 - 8,000

1 $ 4,595,000 sq ft 146

2,800 4.0 4.0 40 26 1 1 Upper-middle 25% of homes

4,501 - 6500

2 $ 3,249,500 sq ft 196

2,525 4.0 3.0 41 26 1 1 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,325,000 sq ft 155

1,930 3.0 3.0 41 26 3 2 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,579,250 sq ft 128

2media Info Market Update for CORONA DEL MAR 22Media Info | http://www.2mediainfo.com

PRICE

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

QUARTILE PRICES

Pricing trends have been lacking strong directional indication lately. Prices in Quartiles 3 and 4 have been mixed in recent weeks, while  Quartile 2 is up and Quartile 1 is down. Look to the Market Action Index to determine when we may see a shift in prices from these

current levels. Often, we find insights by watching pricing trends within the quartile segments.

2media Info Market Update for CORONA DEL MAR 32Media Info | http://www.2mediainfo.com

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

PRICE AND VALUE

INVENTORY

Inventory has been relatively steady around these levels in recent weeks.

2media Info Market Update for CORONA DEL MAR 42Media Info | http://www.2mediainfo.com

The CORONA DEL MAR market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 13. With several months

of inventory available at the current sales rate, buyers should find ample choice.

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer’s Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end

of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

The quartiles can help you answer the question, “How hot is the market for homes

in my price range?”

MARKET ACTION

2media Info Market Update for CORONA DEL MAR 52Media Info | http://www.2mediainfo.com

DAYS ON MARKET (DOM)

The properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in the past 126 or so days.

DOM PER QUARTILE

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the

lower quartiles.

2media Info Market Update for CORONA DEL MAR 62Media Info | http://www.2mediainfo.com

Neighborhood Detail 92625

CORONA DEL MAR

http://www.2newportbeach.com/content/corona-del-mar-properties.php

Most Expensive Listing

Least Expensive Listing

Median List Price

Average List Price

Real-Time Market Profile Trend

Total Inventory

$ 2,599,999

$ 3,750,746

$ 75,000,000

$ 1,079,500

103

Average Days on Market 156

Asking Price per Square Foot $ 1,010

Absorbed This Week 6

The median single family home price in CORONA DEL MAR Realty 92625 this week is $2,599,999.

THIS WEEK

Median Number of Bedrooms

Median Number of Bathrooms

Median House Size (sq ft)

Median Lot Size

Median Age

2,797

3.8

3.0

40

Altos Research Value Statistics

6,501 - 8,000 sq ft

Market Action Index Cold! Buyer’s 13

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

PRICE

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent upshift in the Market Action Index before we see prices move from these levels.

2media Info Market Update for CORONA DEL MAR Homes for Sale 2Media Info | http://www.2mediainfo.com

PRICE PER QUARTILE

In the quartile market segments, we see the market without strong directional trend lately. Prices in Quartiles 3 and 4 have been mixed in recent weeks, while Quartile 2 is

up and Quartile 1 is down. Look to the Market Action Index to determine when we may see a shift in prices from these current levels.

Characteristics per Quartile QUARTILES

Bed Bath

Med. Sqft Med.

Age Inven. New

AbQuart

Median Price Med. Lot Size sorbed

Avg.

DoM

3,185 4.0 4.0 46 25 2 2 Most expensive 25% of homes

6,501 - 8,000

1 $ 4,595,000 sq ft 146

2,800 4.0 4.0 40 26 1 1 Upper-middle 25% of homes

4,501 - 6500

2 $ 3,249,500 sq ft 196

2,525 4.0 3.0 41 26 1 1 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,325,000 sq ft 155

1,930 3.0 3.0 41 26 3 2 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,579,250 sq ft 128

The value placed on homes continues to increase, despite the fact that prices in general have

been basically flat recently. These conditions can arise when inventory is light and more,

smaller homes have more influence on overall prices.

PRICE AND VALUE

2media Info Market Update for CORONA DEL MAR Real Estate homes for sale 2Media Info | http://www.2mediainfo.com

INVENTORY

Inventory has been climbing lately with 103 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action

Index to gauge whether buyer interest is keeping up with available supply. The CORONA DEL MAR 92625 is quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 13. With several months of inventory available at the current sales rate, buyers should find ample choice.

MARKET ACTION INDEX

MARKET ACTION

Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

2media Info Market Update for CORONA DEL MAR 9

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Current prices for homes on the market

Trends in pricing

Current levels of supply and demand

Value metrics

For a complete market report go for Corona del Mar real estate go to www.2mediainfo.com

market update2media

CORONA DEL MAR

92625

2008-09-12

Report for the week of

2mediainfo.com

www.2mediainfo.com/info@2mediainfo.com

Presented by 2media Info

949-723-3160

2Media Info | http://www.2mediainfo.com

The median single family home price in CORONA DEL MAR this week is $2,624,499. The 102 homes have been on the market for an average of 149 days.

To view all the listings in Corona del Mar go to http://www.2newportbeach.com/content/corona-del-mar-mls.php have been on the

THIS WEEK

Average Days on Market 149

Asking Price per Square Foot $ 998

Absorbed This Week* 11

Percent of Properties with Price Decrease 46 %

Percent Relisted (reset DOM) 14 %

Percent Flip (price increased) 3 %

City Overview CORONA DEL MAR

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. To get a tightly targeted

understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

QUARTILES

Characteristics per Quartile

3,409 4.0 5.0 36 25 1 1 Most expensive 25% of homes

6,501 - 8,000

1 $ 4,595,000 sq ft 141

2,800 4.0 4.0 42 25 3 4 Upper-middle 25% of homes

4,501 - 6500

2 $ 3,295,000 sq ft 181

2,610 4.0 3.0 41 26 1 3 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,300,000 sq ft 163

1,930 3.0 3.0 41 26 3 3 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,594,000 sq ft 115

We’ll refer to the quartiles in the trend graphs below.

PRICE

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

QUARTILE PRICES

Pricing trends have been lacking strong directional indication lately. Prices in Quartiles 3 and 4 have been mixed in recent weeks, while Quartile 2 is up and Quartile 1 is down. Look to the Market Action Index to determine when we may see a shift in prices from these current levels.

Often, we find insights by watching pricing trends within the quartile segments.

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

PRICE AND VALUE

INVENTORY

Inventory has been relatively steady around these levels in recent weeks.

2media Info Market Update for CORONA DEL MAR 4

2Media Info | http://www.2mediainfo.com

The CORONA DEL MAR market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 13. With several months of inventory available at the current sales rate, buyers should find ample choice. Home sales have been exceeding

new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer’s Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end

of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

The quartiles can help you answer the question, “How hot is the market for homes

in my price range?”

MARKET ACTION

2media Info Market Update for CORONA DEL MAR 5

2Media Info | http://www.2mediainfo.com

DAYS ON MARKET (DOM)

The properties have been on the market for an average of 149 days. Half of the listings have come newly on the market in the past 119 or so days.

DOM PER QUARTILE

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

2media Info Market Update for CORONA DEL MAR 6

2Media Info | http://www.2mediainfo.com

Neighborhood Detail 92625

CORONA DEL MAR THIS WEEK

Market Action Index Cold! Buyer’s 13

Characteristics per Quartile QUARTILES

Even though the days-on-market is trending higher for Corona del Mar real estate, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

PRICE

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up shift in the Market Action Index before we see prices move from these levels.

2media Info Market Update for CORONA DEL MAR 7

2Media Info | http://www.2mediainfo.com

PRICE PER QUARTILE

In the quartile market segments, we see the market without strong directional trend lately. Prices in Quartiles 3 and 4 have been mixed in recent weeks, while Quartile 2 is up and Quartile 1 is down. Look to

3,409 4.0 5.0 36 25 1 1 Most expensive 25% of homes

6,501 - 8,000

1 $ 4,595,000 sq ft 141

2,800 4.0 4.0 41 25 3 4 Upper-middle 25% of homes

4,501 - 6500

2 $ 3,295,000 sq ft 181

2,610 4.0 3.0 41 26 1 3 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,300,000 sq ft 163

1,930 3.0 3.0 41 26 3 3 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,594,000 sq ft 115

The value placed on homes continues to increase, despite the fact that prices in general have

been basically flat recently. These conditions can arise when inventory is light and more,

smaller homes have more influence on overall prices.

PRICE AND VALUE

2media Info Market Update for CORONA DEL MAR 8

2Media Info | http://www.2mediainfo.com

INVENTORY

Inventory has been climbing lately with 102 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply. The CORONA DEL MAR 92625 is

quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 13. With

several months of inventory available at the current sales rate, buyers should find ample choice.

MARKET ACTION INDEX

MARKET ACTION

Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

2media Info Market Update for CORONA DEL MAR 9

2Media Info | http://www.2mediainfo.com

DAYS ON MARKET

The properties have been on the market for an average of 149 days. Half of the listings have come newly on the market in the past 119 or so days. Watch the 90-day DOM trend

for signals of a changing market.

DAYS ON MARKET

It is not uncommon for the higher priced homes in an area (Quartiles 1 and 2) to take

longer to sell than those in the lower quartiles.

market update

NEWPORT COAST

92657

2008-09-05

Report for the week

The median single family home price in NEWPORT COAST Real Estate this week is $3,542,500. The 174 homes have been on the market for an average of 138 days.

Average Days on Market 138

Asking Price per Square Foot $ 834

Absorbed This Week* 8

Percent of Properties with Price Decrease 43 %

Percent Relisted (reset DOM) 9 %

Percent Flip (price increased) 5 %

Inventory and days-on-market are climbing, while the Market Action

Index has been flat recently. The trends point to a weakening market. To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

1 $ 6,995,000 7,408 acre 5.0 6.0 7 43 1 2 154

0.25 - 0.50 Upper-middle 25% of homes

2 $ 4,300,000 4,100 acre 4.0 5.0 4 43 1 1 125

3,800 4.0 4.0 6 44 2 3 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,695,000 sq ft 120

2,606 4.0 3.0 9 44 2 2 Least expensive 25% of homes

4,501 - 6500

PRICE

Despite this week’s down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer’s zone for real estate in Newport Coast will be a leading indicator of the price strength subsiding.

QUARTILE PRICES

Prices have generally settled at a plateau, although Quartile 3 is on a bit of an up trend in recent weeks. We’ll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. Often, we find insights by watching pricing trends within the quartile segments. The value placed on homes continues to increase, despite the

fact that prices in general have been basically flat recently. These conditions can arise when

inventory is light and more, smaller homes have more influence on overall prices.

PRICE AND VALUE

INVENTORY

Inventory in the Newport Coast area has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. The NEWPORT COAST market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 12. With several months of inventory available at the current sales rate, buyers should find ample choice. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action

Index for changes as it can be a

leading indicator for price changes.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer’s Market zone with several months of inventory given the current rate of demand for

homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

The quartiles can help you answer the question, “How hot is the market for homes

in my price range?”

MARKET ACTION

2media Info Market Update for NEWPORT COAST 52Media Info | http://www.2mediainfo.com

DAYS ON MARKET (DOM)

The properties have been on the market for an average of 138 days. Half of the listings have come newly on the market in the past 119 or so days.

DOM PER QUARTILE

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the

lower quartiles.

market update

NEWPORT BEACH Real Estate

92662 Report for the week of 9/8/2008

The median single family home price in NEWPORT BEACH this week is $1,996,500. The 426 homes have been on the market for an average of 155 days.

Average Days on Market 155

Asking Price per Square Foot $ 739

Absorbed This Week* 20

Percent of Properties with Price Decrease 44 %

Percent Relisted (reset DOM) 13 %

Percent Flip (price increased) 3 %

Inventory in the Newport Beach real estate market has been tightening and days-on-market increasing recently. The Market Action Index for the surrounding areas which include Corona del Mar real estate, Crystal Cove real estate, Newport Coast real estate, and balboa Island real estate has been basically flat, not providing strong indication for market conditions. To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

QUARTILES

4,000 4.5 5.0 28 106 1 3 Most expensive 25% of homes

4,501 - 6500

1 $ 4,800,000 sq ft 146

3,184 4.0 4.0 35 106 2 6 Upper-middle 25% of homes

4,501 - 6500

2 $ 2,462,500 sq ft 162

2,490 3.0 3.0 44 107 3 6 Lower-middle 25% of homes

4,501 - 6500

3 $ 1,789,000 sq ft 170

1,798 3.0 2.0 46 107 6 5 Least expensive 25% of homes

4,501 - 6500

4 $ 1,050,000 sq ft 146

PRICE

The market seems to have paused around this plateau. The Market Action Index is a good   leading indicator for the durability of this trend.

QUARTILE PRICES

Prices have been mixed-to-negative trends in recent weeks. Quartile 4 for homes for sale in Newport Beach is down, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline. Often, we find insights by watching pricing trends within the quartile segments. Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

PRICE AND VALUE

INVENTORY

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a

strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply. The NEWPORT BEACH real estate market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 13. With several months of inventory available at the current sales rate, buyers should find ample choice. The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly. This is a market where watching the value metrics (like price per square foot) can provide insight that you don’t get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also

PRICE AND VALUE

INVENTORY

Inventory has been climbing lately with 34 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action

Index to gauge whether buyer interest is keeping up with available supply. The NEWPORT BEACH 92662 is quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 8. With several months of inventory available at the current sales rate, buyers should find ample choice.

Corona del Mar real estate market report for the week of 9/7/2008

The median single family home price in CORONA DEL MAR Real Estate this week is $2,599,999. The 105 homes have been on the market for an average of 142 days.

Average Days on Market 142

Asking Price per Square Foot $ 992

Absorbed This Week* 6

Percent of Properties with Price Decrease 45 %

Percent Relisted (reset DOM) 13 %

Percent Flip (price increased) 4 %

PRICE

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

The CORONA DEL MAR Real Estate Market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 12. With several months of inventory available at the current sales rate, buyers should find ample choice. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes. Despite recently falling prices, the price per square foot has stayed

reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

INVENTORY

Inventory in the Corona del Mar real estate market has been climbing lately with 105 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply. The CORONA DEL MAR 92625 is

quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 12. With

several months of inventory available at the current sales rate, buyers should find ample choice.

Corona del Mar real estate this week of August 24^th 2008:

Corona del Mar Market Update

The median single family home price in CORONA DEL MAR this week is $2,624,499. The 106 homes have been on the market for an average of 149 days.  Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.

QUARTILE PRICES

Prices have generally settled at a plateau, although Quartile 2 is on a bit of an up trend in recent weeks. We’ll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. Often, we find insights by watching pricing trends within the quartile segments.  The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

PRICE AND VALUE

INVENTORY

Inventory has been relatively steady around these levels in recent weeks.  The CORONA DEL MAR market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 12. With several months

of inventory available at the current sales rate, buyers should find ample choice.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

DAYS ON MARKET (DOM)

The properties have been on the market for an average of 149 days. Half of the listings have come newly on the market in the past 126 or so days.