Derry's Condo Headshot

Derry's Condo Headshot

Thursday, October 20, 2016

Market Update for Newport Beach Leases

Active
Volume: 106 (+13%)
Low: $2,150 (-8.5%)
High: $55,000 (0)
Average: $7,361.91 (+13%)
Median: $5,395 (-1%)

Leased (last 30 days)
Volume: 45 (-4.3%)
Low: $2,200 (+14%)
High: $17,500 (0)
Average: $5,715.67 (+1.7%)
Median: $4,400 (-2.2%)
Average DOM: 37.67 (-.7%)

I'm a little surprised that the averages would be up for both active and leased properties. It seems a little counter intuitive to the time of year. I'll need to investigate further to get a better understanding of what is potentially skewing the data if anything.

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