Barsam & Associates

Newport Beach, CA 92663

Single-Family Homes

T: 877-522-7726 | www.barsaminc.com | DRE 01871779



Newport Beach, CA 92663

Sat Feb 04 2023
This week the median list price for Newport Beach, CA 92663 is $5,995,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 31. Click here to stay informed with the Newport Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Newport Beach, CA 92663

Sat Feb 04 2023
This week the median list price for Newport Beach, CA 92663 is $5,995,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 31. Click here to stay informed with the Newport Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,995,000
Median Price of New Listings $4,675,000
Per Square Foot $1,624
Average Days on Market 91
Median Days on Market 63
Price Decreased 29%
Price Increased 0%
Relisted 10%
Inventory 31
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$10,995,000 6,154 6,500 - 8,000 sqft 5 6 71 2 0 140
$7,235,000 3,783 6,500 - 8,000 sqft 5 5 71 1 0 63
$4,625,000 3,023 0 - 4,500 sqft 4 4 72 2 0 31
$3,095,000 2,581 0 - 4,500 sqft 3 4 74 2 1 115