Market Update for Newport Beach Residential Income

Active
Volume: 16 (+60%)
Low: $1,400,000 (-30%)
High: $12,500,000 (0)
Average: $3,341,437.50 (-15%)
Median: $2,472,500 (-12%)

Under Contract
Volume: 1 (-67%)
Low: $1,595,000 (0)
High: $1,595,000 (-45%)
Average: $1,595,000 (-22%)
Median: $1,595,000 (-6.1%)

Pending
Volume: 3 (+300%)
Low: $1,699,000 (-2.9%)
High: $2,875,000 (+64%)
Average: $2,108,000 (+20%)
Median: $1,750,000 (0)

Sold (last 30 days)
Volume: 4 (0)
Low: $1,365,000 (0)
High: $2,090,000 (0)
Average: $1,703,750 (0)
Median: $1,680,000 (0)

Average % Difference between List Price and Purchase Price: -3.43%