Derry's Condo Headshot

Derry's Condo Headshot

Thursday, March 2, 2017

Market Update for Newport Beach Leases

Active
Volume: 67 (+3.1%)
Low: $1,800 (-5%)
High: $16,500 (0)
Average: $5,326.45 (+2.3%)
Median: $4,700 (+4.4%)

Leased (last 30 days)
Volume: 42 (+7.7%)
Low: $1,850 (0)
High: $15,000 (0)
Average: $4,870.60 (-4.9%)
Median: $3,725 (-.7%)
Average DOM: 54.98 (+18%)

I'm a little surprised by the significant amount of turnover and increase in days on market. Maybe it's a little of the leftover from the new year, but there has been such an increase in the volume leased. I'd like to see what's going on next week.

No comments:

Post a Comment