Sat Jul 04 2020
This week the median list price for Newport Coast, CA is $5,538,000 with the market action index hovering around 29. This is less than last month's market action index of 35. Inventory has held steady at or around 75.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$5,538,000|
|Per Square Foot||$1,103|
|Days on Market||132|
|Slight Buyer's Advantage|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$15,892,500||10,125||0.5 - 1 acre||6||8||6||0||0||215|
|$7,350,000||5,419||0.25 - 0.5 acre||5||6||19||2||1||109|
|$3,998,000||3,912||8,000 - 10,000 sqft||4||5||19||0||1||93|
|$2,600,000||2,967||4,500 - 6,500 sqft||4||4||23||2||3||112|