Tara Shapiro

Newport Coast, CA 92657

Single-Family Homes

EQTY Forbes Global Properties


Newport Coast, CA 92657

Thu Nov 21 2024
This week the median list price for Newport Coast, CA 92657 is $15,500,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 37. Click here to stay informed with the Newport Coast market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Coast, CA 92657

Thu Nov 21 2024
This week the median list price for Newport Coast, CA 92657 is $15,500,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 37. Click here to stay informed with the Newport Coast market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Coast market.
Median List Price $15,500,000
Median Price of New Listings $15,998,000
Per Square Foot $2,150
Average Days on Market 153
Median Days on Market 91
Price Decreased 22%
Price Increased 3%
Relisted 5%
Inventory 37
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$35,800,000 11,888 0.5 - 1 acre 7 8.5 14 0 2 231
$19,998,000 7,300 0.25 - 0.5 acre 5 5 20 1 0 189
$9,300,000 4,662 0.25 - 0.5 acre 5 4.5 20 0 0 77
$6,074,999 3,931 6,500 - 8,000 sqft 4 4 24 0 0 45