Coastal Real Estate Guide
Newport Coast, CA
Single-Family Homes
Firebrand Media LLC
Newport Coast, CA
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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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 | $8,497,500 | |
| Per Square Foot | $1,348 | |
| Days on Market | 56 | |
| Price Decreased | 13% | |
| Price Increased | 8% | |
| Relisted | 8% | |
| Inventory | 48 | |
| Median Rent | $13,250 | |
| Most Expensive | $34,900,000 | |
| Least Expensive | $1,999,999 | |
| Market Action | 37 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $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 |