Thu Sep 21 2023
This week the median list price for Newport Coast, CA 92657 is $19,998,000 with the market action index hovering around 38. This is less than last month's market action index of 42. Inventory has increased to 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$19,998,000|
|Median Price of New Listings||$19,998,000|
|Per Square Foot||$1,923|
|Average Days on Market||210|
|Median Days on Market||49|
|Slight Seller's Advantage|
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from 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|
|$58,888,000||14,000||0.5 - 1 acre||7||11||2||0||0||413|
|$28,800,000||11,494||0.5 - 1 acre||6||10||21||1||0||49|
|$16,495,000||9,100||0.25 - 0.5 acre||6||9||23||2||2||28|
|$4,138,444||2,957||4,500 - 6,500 sqft||4||3.5||25||0||1||38|