Sat Jul 04 2020
This week the median list price for Newport Beach, CA is $2,995,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 246.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,995,000|
|Per Square Foot||$952|
|Days on Market||132|
|Slight Seller's Advantage|
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,195,000||3,995||4,500 - 6,500 sqft||4||5||39||5||1||162|
|$3,500,000||3,637||6,500 - 8,000 sqft||4||5||22||6||6||153|
|$2,497,500||2,845||4,500 - 6,500 sqft||4||4||51||5||4||125|
|$1,587,000||1,908||0 - 4,500 sqft||3||3||55||11||5||87|