Coastal Real Estate Guide
Newport Coast, CA
Single-Family Homes
Firebrand Media LLC
Newport Coast, CA
Fri Oct 15 2021
This week the median list price for Newport Coast, CA is $15,995,000 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $15,995,000 | |
| Median Price of New Listings | $3,595,000 | |
| Per Square Foot | $1,900 | |
| Average Days on Market | 168 | |
| Median Days on Market | 98 | |
| Price Decreased | 21% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 19 | |
| Median Rent | $14,000 | |
| Market Action | 54 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
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 |
|---|---|---|---|---|---|---|---|---|
| $52,400,000 | 15,250 | 0.5 - 1 acre | 7 | 11 | 8 | 0 | 1 | 98 |
| $25,900,000 | 11,451 | 0.5 - 1 acre | 6 | 11 | 4 | 0 | 2 | 357 |
| $7,995,000 | 7,058 | 0.25 - 0.5 acre | 5 | 7 | 24 | 0 | 4 | 98 |
| $3,595,000 | 2,902 | 4,500 - 6,500 sqft | 4 | 4 | 16 | 1 | 3 | 63 |