Market Action Report For Ladera Ranch CA June 16 2014

Dated: 06/19/2014

Views: 395

For the week of June 16, 2014, the median price $961,950 .  The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.  In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we're in a Seller's market, prices have not yet resumed upward momentum.
However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Prices: Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices. 
43% of the Properties have had price reductions in that are currently on the marketing. 
For a list of Active property in Ladera Ranch check out the site at: http://goo.gl/k65h7I
Check out your home value at: http://arna.ehome.com/sell.php
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Arna Freedman CA BRE#00925320

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