Inventory for Newport Beach

Well here we are once again for numbers crunching. Yes, it is that time to take a nice hard look at stats, graphs and all things numerical. The best part about it all, is that numbers don’t lie. Nothing like statistics to help determine your purchasing or selling decisions. As cited in Dqnew.com, a total of 39,507 homes were sold in the state of California last month. A total 20,329 homes were sold in the Southern California region, which is a 16.7% increase from last month. The median price in the Southland is $348,000 down 2% from last month. The median home price in Orange County is $461,000 a 28% drop from this same time last year. Of course, once we leap over to Newport Beach we see a drastic change, according to altosresearch.com, the median home price in Newport Beach is $2,086,197. In addition, properties in Newport Beach have been on the market for an average of 144 days. As of August 17 the median price per square foot in Newport Beach is $729 and there are a total of 433 properties available for purchase. These graphs below can provide you with additional information on market activity in Newport Beach.

 Real Estate Price Trends

 Homes for Sale

 Housing Market Conditions

 Price Per Square Foot

 Real Estate Price Trends