Market Update for Newport Beach Single Families

Active
Volume: 280 (-5.4%)
Low: $619,900 (0)
High: $24,000,000 (0)
Average: $3,579,550.94 (+1.7%)
Median: $2,887,000 (+3.3%)

Under Contract
Volume: 48 (-5.9%)
Low: $835,000 (-6%)
High: $9,750,000 (0)
Average: $2,426,666.65 (-6%)
Median: $2,195,000 (0)

Pending
Volume: 37 (+5.7%)
Low: $729,000 (0)
High: $24,995,000 (0)
Average: $3,051,243.38 (+4%)
Median: $1,988,000 (+7.9%)

Sold (last 30 days)
Volume: 47 (-4.1%)
Low: $719,000 (0)
High: $5,650,000 (0)
Average: $2,481,002.60 (-6.5%)
Median: $1,953,000 (-1.8%)
Average % Difference between List Price and Purchase Price: -5.9% (-16%)