Barsam & Associates

Newport Coast, CA

Single-Family Homes

T: 877-522-7726 | www.barsaminc.com | DRE 01871779



Newport Coast, CA

Thu Dec 01 2022
This week the median list price for Newport Coast, CA is $7,249,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 32. Click here to stay informed with the Newport Coast market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Newport Coast, CA

Thu Dec 01 2022
This week the median list price for Newport Coast, CA is $7,249,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 32. Click here to stay informed with the Newport Coast market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Newport Coast market.
Median List Price $7,249,000
Median Price of New Listings $4,499,000
Per Square Foot $1,616
Average Days on Market 192
Median Days on Market 102
Price Decreased 31%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent
Market Action 33
Slight Seller's Advantage

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.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$31,750,000 14,144 0.5 - 1 acre 6 10.5 1 0 1 280
$12,622,500 7,077 0.25 - 0.5 acre 5 6.5 21 0 1 56
$5,095,000 3,854 6,500 - 8,000 sqft 4 5 20 1 0 87
$3,752,500 2,735 6,500 - 8,000 sqft 4 3 23 0 1 98