Fri Apr 23 2021
This week the median list price for Newport Coast, CA is $8,497,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 48.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$8,497,500|
|Per Square Foot||$1,348|
|Days on Market||56|
|Slight Seller's Advantage|
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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$22,850,000||12,089||0.5 - 1 acre||6||10||13||1||0||126|
|$12,747,500||8,034||0.5 - 1 acre||6||8||10||1||0||73|
|$6,540,000||5,827||0.25 - 0.5 acre||4||5||21||0||0||35|
|$2,815,000||3,054||4,500 - 6,500 sqft||4||3||21||3||3||63|