The Dana Point housing market presents an intriguing blend of luxury and accessibility, reflective of its maritime heritage and laid-back sophistication. This report ventures into the heart of Dana Point’s residential landscape, unveiling the nuances of its real estate prices across various property types and placing them in context with the broader Orange County market. Prospective homeowners and investors will find this analysis indispensable for navigating the intricate waters of Dana Point’s property scene, as it provides a detailed portrayal of the current market dynamics and what one can expect to find within this serene coastal town.
Table of Contents
Dana Point Housing Market Data
1. Median Home Price
This section analyzes Dana Point, California’s housing market, by detailing current home prices and breaking them down by property type. It outlines the general trend of higher pricing for single-family homes compared to townhouses and condos. Additionally, it compares Dana Point’s home prices with those in other Orange County cities, allowing for a broader understanding of its market position. The data will equip prospective buyers with valuable insights for making informed purchasing decisions in Dana Point.
- Current Sales Prices of Dana Point Homes
In Dana Point, the real estate market reflects a diverse range of property values, with an overall median home sales price of $1,600,000. Single-family homes top the market at a median of $1,910,000, while townhouses and condominiums offer more accessible price points at $1,183,500 and $887,500, respectively. These figures showcase Dana Point’s capability to cater to various homebuyers, from those seeking luxury to those looking for more economical options within Southern California’s premium housing landscape.
| Property Type | Dana Point Median Home Sales Price |
| All Properties | $1,600,000 |
| – Single-Family Home | $1,910,000 |
| – Townhouse | $1,183,500 |
| – Condominium | $887,500 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- Dana Point Home Sales Prices Over Time
The data for Dana Point illustrates a leveling in the median sales prices of homes over the past year, following a period of steady growth. This trend, which aligns with the overall pattern in Orange County, is evident across various types of properties, from single-family homes to condominiums and townhouses. Despite the initial increase, the stabilization of prices suggests a maturing market where the demand for detached homes remains high. Still, the rapid growth has tempered, signaling a more balanced real estate environment.
- Current Home Sales Prices – Dana Point vs. Other Orange County Cities
Dana Point’s real estate market commands high median sales prices, indicative of its luxury offerings within Orange County. Yet, it doesn’t reach the pinnacle pricing found in areas like Newport Beach and Laguna Beach. This positions Dana Point as a desirable location for high-end buyers seeking relative value without compromising on the upscale lifestyle of coastal Southern California.
2. Supply and Demand – Dana Point Housing Market
This section comprehensively examines the supply and demand dynamics within Dana Point’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes are selling. A snapshot of these indicators helps illustrate the market’s fluidity and efficiency, providing prospective buyers with a clearer understanding of the pace and health of Dana Point’s real estate activities.
- Key Housing Market Indicators – Dana Point
The Dana Point real estate market presents an interesting dynamic, with approximately 105 homes listed for sale each month compared to 31 closed sales, indicating a significant gap between the number of properties available and those successfully purchased within the same timeframe. This disparity suggests that while there is a healthy interest in the area’s real estate, market conditions or buyer preferences may lead to a more selective sales process, with homes available on the market for an average of 19 days before closing.
| Total Homes in Dana Point | ~16,250 |
| Active Home Listings | 105 |
| Homes Sold | 31 |
| Inventory – Months Supply | 3.5 |
| Days on Market | 19 |
Total Homes in Dana Point: This refers to the approximate number of residential properties within the city.
Active Home Listings: The number of homes currently listed for sale in Dana Point.
Homes Sold: A count of the actual sales that have closed in a given month. Calculations are based on sold data.
Inventory – Months Supply: The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months. This is also known as absorption rate.
Days on Market: The average number of days between when a home in Dana Point is listed and when an offer is accepted in a given month.
- Dana Point Active Listings vs. Homes Sold Over Time
The Dana Point housing market graph illustrates a substantial gap between active home listings and the actual sales volume. While the number of listings has decreased and stabilized, it still significantly outweighs the number of homes sold each month. This suggests that while there is steady interest in the market, the supply of homes exceeds current demand. This could provide an advantage for buyers in terms of selection and negotiating power and may indicate a need for sellers to adjust expectations or marketing strategies to align with the current market conditions.
- Current Days on Market – Dana Point vs. Other Orange County Cities
Homes in Dana Point tend to remain on the market longer than in many other Orange County cities, yet they still sell relatively swiftly, showcasing the city’s relative demand within a competitive national context.
3. Property Taxes
Property taxes in California are determined by a combination of state law and county-specific regulations. Under Proposition 13, enacted in 1978, the base tax rate for properties is fixed at 1% of the assessed value. This assessed value is initially pegged to the purchase price and can only increase by a maximum of 2% annually, safeguarding homeowners from steep tax hikes when property values escalate quickly.
Orange County follows this state framework but also applies additional levies that can vary significantly between locations within the county. These can include voter-approved debt rates for city and district improvements, and direct assessments for community services like flood control and street lighting. Also, properties in areas with Mello-Roos districts may incur additional taxes for community facilities.
To aid in understanding, consider the example of a property tax bill below. It breaks down the individual components that constitute the total tax obligation. Notably, while the General Tax Levy remains constant at 1%, the aggregate of additional charges, such as special district assessments, significantly affects the overall tax bill. These variations emphasize the importance of due diligence in comprehending the full scope of property taxes when assessing the cost of homeownership in different parts of Orange County.
4. Median Home Size
This section examines the median home size and price per square foot in Dana Point, essential indicators for assessing property value and space. These metrics aid prospective buyers in comparing market value and understanding what their budget can secure in terms of home size, especially in relation to other areas in Orange County.
- Dana Point Home Size and Value
Dana Point’s homes, with a median size of around 1,770 square feet, offer substantial living areas that place them in the mid-range among Orange County locales in terms of size. Yet, at $903 per square foot, the real estate in Dana Point commands a significant premium, reflecting its position above the county average and underscoring the area’s upscale market appeal.
| Median Home Size | ~1,770 ft2 |
| Price per Square Foot | $903 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
Dana Point Residents Data
1. Population
Exploring the dynamics of Dana Point’s population and its density offers a glimpse into the city’s living conditions and community structure. Population density, which measures the number of residents per square mile, sheds light on how closely people live together and can indicate the balance between urban development and available living space. Understanding this helps explain how population concentration impacts the social fabric, infrastructure, and lifestyle of residents in Dana Point in relation to other parts of Orange County.
- Dana Point Population Statistics
Dana Point has a population of around 31,864 and a moderate density of 4,913 residents per square mile, indicating a fairly comfortably populated coastal community.
| Population | 31,864 |
| Population Density (Residents per square mile) | 4,913 |
- Population Density – Dana Point vs. Other Orange County Cities
Dana Point’s population density places it squarely in the median range amongst Orange County cities, offering residents a balanced living experience that steers clear of high density without sacrificing the vibrancy of a connected community.
2. Employment Industries and Median Income
Exploring the economic landscape of Dana Point reveals the key employment sectors underpinning the local job market and the median household income, reflecting the community’s overall financial health. A deeper understanding of these factors helps frame Dana Point’s economic position within the wider context of Orange County.
- Dana Point Industries and Employment Breakdown
In Dana Point, the workforce distribution is led by the Professional, Scientific, & Technical Services sector, followed closely by Health Care & Social Assistance and Manufacturing. The substantial presence in these sectors underscores a community that values specialized professional expertise, nurturing care, and industrial innovation.
- Dana Point Median Household Income and Employment Rate
Dana Point’s median household income, $119,632, comfortably sits in the mid-range among Orange County cities, striking a balance between the highest-income areas and the more economically diverse cities. With an employment rate of 58.40%, Dana Point aligns closely with the county’s average, reflecting a steady job market that contributes to the city’s moderate level of affluence.
| Median Household Income | $119,632 |
| Employment Rate | 58.40% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. Dana Point City Attractions
Dana Point, California, is a picturesque coastal city known for its stunning harbors, vibrant marine life, and outdoor activities. Here are some of the main attractions:
- Dana Point Harbor: A bustling marina offering boat rentals, whale-watching tours, and waterfront dining, with beautiful views of the Pacific Ocean.
- Doheny State Beach: A popular spot for surfing, picnicking, and camping, with gentle waves and a scenic beachfront.
- Ocean Institute: An educational facility that provides hands-on marine science, environmental education, and maritime history programs.
- Salt Creek Beach: Renowned for its excellent surf breaks, this beach is a favorite among local surfers and visitors for its natural beauty and recreational facilities.
- Dana Point Headlands Conservation Area: Offers hiking trails with breathtaking ocean views, native wildlife, and access to secluded beaches.
- The Pilgrim: A replica of a 19th-century sailing brig is housed at the Ocean Institute and offers a glimpse into California’s maritime history.
- Lantern District: This revitalized downtown area of Dana Point features boutique shops, local eateries, and art galleries.
- Dana Point Nature Interpretive Center: This center, situated within the Headlands Conservation Area, provides educational exhibits about the local ecosystem and conservation efforts.
- Monarch Beach Golf Links: A championship golf course offering stunning ocean views and a challenging play experience.
- Baby Beach: A calm, family-friendly beach perfect for swimming and paddleboarding, with amenities like picnic areas and a playground.
Dana Point is celebrated for its commitment to preserving natural landscapes while offering a wealth of recreational and educational opportunities, making it a cherished destination for nature lovers and adventure seekers alike.
Conclusion
The Dana Point housing market stands out for its balance of high-end properties and more attainable housing choices, catering to a diverse range of budgets and preferences. Market trends show stable prices and a healthy turnover rate, suggesting steady demand and a competitive edge within the affluent Orange County real estate scene. The city’s economic backbone is diversified across various industries, contributing to its mid-level population density and creating a well-rounded community. Ultimately, Dana Point presents a valuable opportunity for those seeking the Southern California lifestyle, offering both the charm of coastal living and a sense of practicality in its real estate offerings.
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