Market Update for Newport Beach Residential Income

Active
Volume: 10 (0)
Low:$1,999,000 (0)
High: $12,500,000 (0)
Average: $4,038,300 (0)
Median: $2,824,500 (0)

Under Contract
Volume: 3 (-25%)
Low: $1,595,000 (0)
High: $2,875,000 (0)
Average: $2,056,333.33 (+2.0%)
Median: $1,699,000 (-5.6%)

Pending
Volume: 2 (0)
Low: $1,750,000 (+9.5%)
High: $1,899,000 (+8.5%)
Average: $1,824,500 (+9.0%)
Median: $1,824,500 (+9.0%)

Sold (last 30 days)
Volume: 3 (+50%)
Low: $1,365,000 (0)
High: $2,090,000 (0)
Average: $1,680,000 (-2.7%)
Median: $1,585,000 (-8.2%)

Average % Difference between List Price and Purchase Price: -2.29%