Derry's Condo Headshot

Derry's Condo Headshot

Friday, September 23, 2016

Market Update for Newport Beach Ocean Fronts

Actives
Volume: 12
Low: $3,150,000
High: $14,995,000
Average: $$7,104,333
Median: $5,745,000

Under Contract
Volume: 3
Low: $3,699,000
High: $6,999,000
Average: $5,564,333,33
Median: $5,995,000

Pending
Volume: 1
Low: $3,750,000
High: $3,750,000
Average: $3,750,000
Median: $3,750,000

Sold (last 30 days)
Volume: 3
Low: $3,850,000
High: $5,625,000
Average: $4,725,000
Median: $4,700,000
Average % Difference between List Price and Purchase Price: -3.2%

If 30 days doesn't prove to be enough data to assess the sold ocean fronts, I'll increase it to 90 days. I'll determine this after a month of seeing how this goes. 

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