Market Update for Newport Beach Residential Income

Active
Volume: 23 (+4.5%)
Low: $1,488,000 (0)
High: $12,500,000 (0)
Average: $2,965,304.35 (-2.3%)
Median: $2,395,000 (-2%)

Under Contract
Volume: 1 (-67%)
Low: $2,250,000 (+26%)
High: $2,250,000 (-47%)
Average: $2,250,000 (-18%)
Median: $2,250,000 (0)

Pending
Volume: 4 (+100%)
Low: $1,595,000 (0)
High: $1,999,000 (+14%)
Average: $1,780,750 (+6.5%)
Median: $1,764,500 (+5.5%)

Sold (last 30 days)
Volume: 2 (0)
Low: $2,811,600 (+116%)
High: $4,235,000 (+51%)
Average: $3,523,300 (+71%)
Median: $3,523,300 (+71%)

Average % Difference between List Price and Purchase Price: -1%