Dana Point
Property For sale & Area Information.
Welcome to Dana Point
Dana Point’s real estate market continues to thrive, driven by its picturesque coastal setting, luxury lifestyle appeal, and small-town charm. While higher mortgage rates have introduced select price sensitivity, buyer demand remains strong—particularly for ocean-view properties and turnkey homes in neighborhoods like Lantern District and Monarch Beach.
Median Home Prices
Single-Family Homes: Median price is $1.78 million, marking a 5.8% year-over-year (YoY) increase.
Condominiums & Townhomes: Median price is $945,000, up 4.3% YoY.
Luxury Market ($2.5M+): Strong interest in gated communities such as Ritz Cove and Niguel Shores. Days on Market (DOM) average between 55–70 days.
Inventory & Market Speed
Limited Supply: Currently around 1.8 months of inventory—well below a balanced market threshold.
DOM Trends:
Single-Family Homes: 14–21 days (multiple offers still common in desirable areas)
Condos/Townhomes: 25–35 days
Luxury Properties: 60+ days with selective buyer interest
Price Reductions: Seen on 15% of listings, typically in homes over $3M or those needing updates.
Key Market Dynamics
Seller’s Market: Over 40% of homes are selling above asking price, especially in desirable neighborhoods like Eastside Costa Mesa, Mesa Verde, and College Park.
New Development:
Growth around The LAB, SoBeCa District, and South Coast Metro.
Upscale townhome and mixed-use developments driving condo demand.
Location Premium: Homes closer to the beach and Back Bay command 15–25% higher prices than inland areas.
Interest Rates & Affordability
Mortgage Rates: Hovering around 6.75% (30-year fixed).
Affordability: A $1.75M home now requires an estimated $11,200/month (PITI), leading some buyers to seek entry-level homes or townhomes in areas like Dana Hills or Capistrano Beach.
Top Market Drivers
Lifestyle & Views: Coastal living, surfing, and panoramic views remain top buyer motivations.
Harbor Renovation: The $400M harbor revitalization project is expected to significantly boost surrounding real estate value.
Commute & Connectivity: Easy access to I-5, Laguna Beach, and job centers in Irvine and San Clemente.
Outdoor Appeal: Trails, beaches, and parks like Salt Creek and Doheny State Beach enhance quality of life.
Future Outlook (2024–2025)
Price Forecast: Expected 4–6% appreciation annually, supported by low inventory and strong buyer demand.
New Listings: Gradual increase expected post-harbor upgrades, but no major land expansion limits long-term inventory.
Luxury Segment: Stable but sensitive to economic shifts and mortgage rate trends.
Conclusion
Dana Point remains one of Orange County’s premier luxury coastal markets. Its scenic beauty, walkable harbor town vibe, and elite neighborhoods ensure sustained demand—even amid affordability challenges.
Buyers: Be ready to act quickly, especially on well-priced homes with ocean views.
Sellers: With limited competition, now is an excellent time to list and maximize value.
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