Market Update for Newport Beach Residential Income Property

Active

Volume: 13 (-13%)

Low: $1,899,000 (+39%)

High: $12,500,000 (0)

Average: $3,884,769.23 (+9%)

Median: $3,049,000 (+17%)

Under Contract

Volume: 5 (0)

Low: $1,365,000 (-20%)

High: $2,875,000 (0)

Average: $1,976,800 (-3.7%)

Median: $1,750,000 (0)

Pending

Volume: 1

Low: $1,598,000

High: $1,598,000

Average: $1,598,000

Median: $1,598,000

Sold (last 30 days)

Volume: 8 (0)

Low: $1,605,000 (0)

High: $2,600,000 (0)

Average: $2,016,875 (-1.3%)

Median: $1,950,000 (-4.9%)

Average % Difference between List Price and Purchase Price: -5.6%