Market Update for Newport Beach Residential Income

Active
Volume: 17 (+6.3%)
Low: $1,779,000 (+27%)
High: $12,500,000 (0)
Average: $3,264,823.53 (-2.3%)
Median: $2,395,000 (-3.1%)

Under Contract
Volume: 2 (+100%)
Low: $1,595,000 (0)
High: $4,235,000 (+166%)
Average: $2,915,000 (+83%)
Median: $2,915,000 (+83%)

Pending
Volume: 2 (-33%)
Low: $1,750,000 (+3%)
High: $2,875,000 (0)
Average: $2,312,500 (+9.7%)
Median: $2,312,500 (+32%)

Sold (last 30 days)
Volume: 3 (-25%)
Low: $1,300,000 (-4.8%)
High: $1,775,000 (-15%)
Average: $1,553,333.33 (-8.8%)
Median: $1,585,000 (-5.7%)

Average % Difference between List Price and Purchase Price: -10.3%