Sun Jan 29 2023
This week the median list price for Newport Coast, CA 92657 is $13,995,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$13,995,000|
|Median Price of New Listings||$7,897,500|
|Per Square Foot||$1,985|
|Average Days on Market||223|
|Median Days on Market||112|
|Slight Buyer's Advantage|
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$35,000,000||14,500||0.5 - 1 acre||6||10||5||0||0||322|
|$20,000,000||9,276||0.25 - 0.5 acre||6||8||23||0||0||161|
|$8,650,000||4,767||0.25 - 0.5 acre||5||6||25||1||0||112|
|$4,675,000||3,730||6,500 - 8,000 sqft||4||4||24||1||3||112|