Market Update for Newport Beach Residential Income

Active
Volume: 24 (-7.7%)
Low: $1,495,000 (0)
High: $12,500,000 (0)
Average: $3,231,403.21 (+2.8%)
Median: $2,547,495 (0)

Under Contract
Volume: 3 (+50%)
Low: $1,699,000 (0)
High: $2,950,000 (0)
Average: $2,481,333.33 (+6.7%)
Median: $2,795,000 (+20%)

Pending:
Volume: 1 (-50%)
Low: $2,175,000 (+24%)
High: $2,175,000 (0)
Average: $2,175,000 (+11%)
Median: $2,175,000 (+11%)

Sold:
Volume: 2 (-33%)
Low: $1,450,000 (+11%)
High: $1,600,000 (-29%)
Average: $1,525,000 (-8.6%)
Median: $1,525,000 (+5.2%)
Average % Difference between List Price and Purchase Price: -6% (+14%)