Derry's Condo Headshot

Derry's Condo Headshot

Thursday, November 17, 2016

Market Update for Newport Beach Leases

Active
Volume: 92 (-16%)
Low: $1,995 (+11%)
High: $55,000 (0)
Average: $7,119.88 (+9.3%)
Median: $5,650 (+9.7%)

Leased
Volume: 36 (-2.7%)
Low: $2,000 (-15%)
High: $11,500 (-34%)
Average: $4,796.53 (-10%)
Median: $4,000 (-7%)
Average DOM: 35.53 (-.6%)

Sorry about being MIA for a week. My grandmother had Alzheimer's, fell, broke her femur and fought until she passed away on the morning of the 15th. If for whatever reason you have any questions about Alzheimer's disease, I'm more than happy to discuss it. It's a very unique process.

In regards to the data here, the data is being compared to data from two weeks ago. Even so, I'm not surprised to see the leased data to be dropping across the board. This happens frequently as we approach the holidays and more people are less inclined to move over the holidays. I suspect to continue to see this through the new year. 

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