Newport Beach
Market Report
Single Family Homes & Detached Homes
January 1, 2009 - April 6, 2009
|
January
2009 |
February
2009 |
March,
2009 |
|
| Closed Sales |
8 |
14 |
21 |
1 |
| Average Sales Price |
$1,994,875 |
$1,001,564
|
$1,310,607 |
$3150,000 |
| % of List Price |
94.00%
|
89.00%
|
77.00%
|
94.00% |
| Average Days on Market |
115 |
138 |
127 |
108 |
| Average List Price Per Square Foot |
$601.18
|
$497.92
|
$617.70
|
$1395.47 |
| Average Sales Price Per Square Foot |
$575.00 |
$437.69
|
$438.22
|
$1312.50 |
The above graph represents the closed sales on single family homes for the area of Newport Beach. To date, there have been 43 closed sales for single family homes in Newport Beach. The average sales price and percent of list price remains higher in January, however number of sales increased in March as there were 28 closed sales. Sold price per square foot remains consistent in February and March. There has been one sale in April 2009, so the statistics are based upon one sale.
Currently, in Newport Beach, there are 45 pending/back up properties.
This information is for single family, detached homes in Newport Beach.
If I can answer any questions regarding Newport Beach Real Estate, Corona del Mar homes for sale or Newport Coast Real Estaate, please feel free to contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
About the author:
Sharon Paxson is a Newport Beach Residential Realtor, who can assist you with the sale and/or purchase of real estate in the Corona del Mar, Costa Mesa, Newport Beach, and Newport Coast area. If you are considering relocating to or from the Orange County area, contact Sharon as she will assist you with the purchase of your new home, or connect you with a trusted professional in her network, in the city you have selected.
Disclaimer: Information contained herein are the views and opinions of Sharon Paxson. This information may be based on information from multiple sources, and may be subject to change without notice. This information is not guaranteed, have warranties either express or implied, may be time sensitive, and may or may not be deemed reliable at the time of researching this article. Information regarding market reports is obtained from the SoCalMLS.
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Sharon: Looks to me like your area is picking up in sales. Also, with the price ranges on your charts, there is "something" for everyone and their budget.