Giuiletta Fox Wilson & John Wilson

Newport Beach, CA

Single-Family Homes

Fox Wilson Group | BHHS California Properties | (949) 874-0935



Newport Beach, CA

Thu Jan 17 2019
This week the median list price for Newport Beach, CA is $2,900,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 227. Click here to stay informed with the Newport Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Newport Beach, CA

Thu Jan 17 2019
This week the median list price for Newport Beach, CA is $2,900,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 227. Click here to stay informed with the Newport Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $2,900,000
Per Square Foot $952
Days on Market 139
Price Decreased 40%
Price Increased 1%
Relisted 8%
Inventory 227
Median House Rent $5,900
Most Expensive $59,995,000
Least Expensive $375,000
Market Action Index
Slight Buyer's Advantage
29

The market seems to have paused around this plateau. 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
$6,525,000 4,734 6,500 - 8,000 sqft 5 5 17 6 3 180
$3,699,999 3,981 6,500 - 8,000 sqft 4 4 21 5 3 159
$2,495,000 2,502 0 - 4,500 sqft 4 2 54 7 0 103
$1,588,000 2,101 4,500 - 6,500 sqft 3 2 55 5 3 117