Winter 2024 Dana Point Real Estate Market Update
January 2nd, 2024
As we say goodbye to 2023 and hello to 2024, it’s time for a real estate market update here in Dana Point. 2023 brought us relatively stable prices amongst the interest rate hesitation that was present among homebuyers. Interest rates decreased dramatically in late 2023, with the current 30 year fixed rate hovering around 6.6%. So the question is what will 2024 bring. The FED has indicated they would like to cut rates multiple times this year and many experts are predicting that mortgage rates will drop in the coming months along with that. Whether that happens or not will depend on what the overall economy is doing. If interest rates do continue to lower, expect a hotter overall housing market here in Dana Point. Keep in mind the seasonal housing market changes we have where spring will have the most demand, followed by summer, then fall, and lastly winter.
Let’s take a look at the data from the past 3 months.
Current Median Sales Price in Dana Point
$1,625,000
Median Price Breakdown by Neighborhood:
Lantern District: $1,700,000
Monarch Beach: $2,520,000
Dana Hills/Del Obispo: $1,287,500
Capistrano Beach: $1,580,000
Highest Priced Home Sale (past 3 months):
37 Monarch Bay Dr
$32,000,000
5,294 Sq Ft, 6 Bedroom, 6 Bathroom
Time on Market
55 days
Active Inventory
77 homes
If you’re thinking about buying or selling a home here in Dana Point, feel free to reach out to DP Unplugged Founder and Real Estate Broker Erik Pedersen-Jauch. My deep ties to the community, knowledge and expertise will help guide you through your real estate transaction!
Erik Pedersen-Jauch
Real Estate Broker | DRE #01981918
Eriksen Properties
(949)683-3221
erikpedersenjauch@gmail.com
Past Dana Point Real Estate Market Updates
Featured Home For Sale
605 Avenida San Juan, San Clemente
• 2,039 sq feet
• 4 bedrooms
• 3 bathrooms
• Fully remodeled
• Panoramic Ocean Views
Priced at $2,399,000
Interested in this home? Contact Erik below.
Erik Pedersen-Jauch
Real Estate Broker | DRE #01981918
Eriksen Properties
(949)683-3221
erikpedersenjauch@gmail.com
Want your property featured on Dana Point Unplugged? Work with the exclusive real estate brokerage of Dana Point Unplugged, Eriksen Properties.
What’s Your Dana Point Home REALLY Worth?
As many already know, the online algorithm’s that determine home value can be fairly inaccurate. This is especially true in a city like Dana Point, where so much of the value is dependent on the view, lot location, and condition of the home. Some of these things just aren’t possible to calculate with a computer algorithm.
If you’re interested in finding out the true value of your home, click below and our DP Unplugged founder Erik Pedersen-Jauch will put together a comparative market analysis for you that will give you a much clearer picture on where you stand.
Fill out this form to get your complimentary professional home value today!
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Each neighborhood in Dana Point has a distinct vibe and feeling, so it depends on what you’re looking for. The Lantern District would be good if you’re looking for no HOA’s, walkable to downtown shopping, and has a classic Dana Point feel. Capistrano Beach (Capo Beach) might work if you want that same classic Dana Point feel, but a little more separated from the rest of the city. Monarch Beach would be a good fit if you’re looking for upscale luxury near the water. Dana Hills/Del Obispo is the more master-planned suburban communities are in Dana Point.
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Monarch Beach is currently the most expensive neighborhood in Dana Point. Home to luxury communities such as Ritz Cove, Niguel Shores, The Strand, Monarch Beach is a prime destination for upscale luxury oceanfront living.
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Downtown Dana Point is located in the Lantern District neighborhood. Along Pacific Coast Highway & Del Prado you’ll find numerous shops, restaurants, and things to do. Keep in mind, while the homes in the Lantern District are closest to downtown Dana Point, Dana Point is a hilly city so walking to and from these places could be a bit of work!
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Elementary Schools
RH Dana - Located on La Cresta in the Lantern District
Palisades - Located on Via Sacramento in Capo beach
Del Obispo - Located on Camino Del Avion, at the border of Dana Point & San Juan CapistranoMiddle Schools
Marco Forster - Located on Camino Del Avion, at the border of Dana Point & San Juan Capistrano
High Schools
Dana Hills High School - Located on Golden Lantern in the Dana Hills area of Dana Point, across the street from City Hall
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Being in such a naturally beautiful area, one of the main things people look for are great views. Here are some of our favorites:
Blue Lantern
Crystal Lantern
Scenic Drive
Beach Road
Calle La Primavera
Carribean Dr
Ritz Cove Dr
Green Lantern
Chula Vista
Living in Dana Point FAQ
