Fri Oct 15 2021
This week the median list price for Newport Beach, CA is $4,449,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 78.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$4,449,500|
|Median Price of New Listings||$2,800,000|
|Per Square Foot||$1,172|
|Average Days on Market||99|
|Median Days on Market||49|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$9,750,000||5,982||4,500 - 6,500 sqft||5||6||28||1||0||70|
|$5,950,000||3,882||4,500 - 6,500 sqft||4||5||34||3||2||91|
|$3,972,500||3,573||6,500 - 8,000 sqft||4||4||56||1||7||45|
|$2,270,000||2,330||4,500 - 6,500 sqft||3||3||49||6||4||28|