8/14/2019 NEWPORT BEACH
1/26
MARKET UPDATEJennifer Pritchett
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofFebruary 15, 2010
Presented by Your Orange County Real Estate ConnectionColdwell Banker Residential [email protected]
NEWPORT BEACH,
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
8/14/2019 NEWPORT BEACH
2/26
Median List Price
Median Lot Size
16.8
Percent Relisted (reset DOM)
2736
3.0
3 %
Median Number of Bathrooms
262
Inventory of Properties Listed
$ 665
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 1,895,000
29 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
19 34126
2722.5 45
3.0
8
261
4.0 95
231
9
3
Less than4,500 sqft
46
$ 1,675,000
6
5
95
4.0
Less than4,500 sqft
23.5
19284,501 -
6,500 sqft
95
$ 899,000
4.0
286
4,501 -6,500 sqft$ 2,450,000
4.0$ 4,442,000
13
3
3400
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday February 15, 2010
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
94
2450
2.0
The median list price in NEWPORTBEACH, CA this week is $1,895,000.
The 379 properties have been on themarket for an average of 262 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
NEWPORBEACH, C
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
379
$ 32,600,000
$ 495,000
$ 2,726,258
33
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 26
Single Family Home
8/14/2019 NEWPORT BEACH
3/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewNEWPO
BEACH, C
Monday February 15, 2010
Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
4/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewNEWPO
BEACH, C
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 4 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
5/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewNEWPO
BEACH, C
Monday February 15, 2010
Market Action IndexThe NEWPORT BEACH market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.84. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
Page 5 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
6/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewNEWPO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 262 days. Half of the listings have come newly on the market in thepast 203 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
7/26
Median List Price
Median Lot Size
15.9
Percent Relisted (reset DOM)
2600
2.8
1 %
Median Number of Bathrooms
266
Inventory of Properties Listed
$ 786
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 2,147,450
28 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
14 14000
2532.5 51
3.0
3
235
3.0 35
256
0
1
Less than4,500 sqft
48
$ 1,699,000
5
4
35
4.5
Less than4,500 sqft
13.5
1507Less than
4,500 sqft
35
$ 970,000
4.0
318
4,501 -6,500 sqft$ 2,595,000
4.0$ 3,850,000
19
3
2819
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday February 15, 2010
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
35
2408
2.0
The median list price in NEWPORTBEACH, CA 92663 this week is
$2,147,450. The 140 properties havebeen on the market for an average of266 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
NEWPORBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
140
$ 23,900,000
$ 495,000
$ 2,723,961
36
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 7 of 26
Single Family Home
8/14/2019 NEWPORT BEACH
8/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Median PriceDespite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's highpoint, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
9/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 9 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
10/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Market Action IndexThe NEWPORT BEACH, 92663 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 15.94. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 10 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
11/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 266 days. Half of the listings have come newly on the market in thepast 200 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
12/26
Median List Price
Median Lot Size
17.8
Percent Relisted (reset DOM)
3050
3.0
4 %
Median Number of Bathrooms
251
Inventory of Properties Listed
$ 543
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 1,660,000
31 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
+
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
22 15220
2782.5 40
3.0
1
219
4.0 41
224
5
0
0.25 - 0.50acre
43
$ 1,249,000
2
1
41
4.5
6,501 -8,000 sqft
13.5
1905Less than
4,500 sqft
41
$ 775,000
4.0
284
6,501 -8,000 sqft$ 1,950,000
5.0$ 3,672,500
13
1
3556
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday February 15, 2010
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
40
2467
2.0
The median list price in NEWPORTBEACH, CA 92660 this week is
$1,660,000. The 163 properties havebeen on the market for an average of251 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
NEWPORBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
163
$ 32,600,000
$ 539,900
$ 2,289,610
30
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
age 12 of 26
Single Family Home
8/14/2019 NEWPORT BEACH
13/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 13 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
14/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 14 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
15/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Market Action IndexThe NEWPORT BEACH, 92660 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.85. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 15 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
16/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 251 days. Half of the listings have come newly on the market in thepast 189 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 16 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
17/26
Median List Price
Median Lot Size
13.6
Percent Relisted (reset DOM)
2568
3.0
3 %
Median Number of Bathrooms
268
Inventory of Properties Listed
$ 1,272
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 3,487,500
22 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
Percent of Properties with Price Decrease
Strong Buyer's
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
10 04026
2333.0 12
3.0
2
289
4.0 9
272
0
1
Less than4,500 sqft
60
$ 2,600,000
0
0
9
3.5
Less than4,500 sqft
13.5
1608Less than
4,500 sqft
9
$ 1,495,000
4.0
278
Less than4,500 sqft$ 4,345,000
4.0$ 7,900,000
40
0
2700
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday February 15, 2010
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
9
2492
2.0
The median list price in NEWPORTBEACH, CA 92661 this week is
$3,487,500. The 36 properties havebeen on the market for an average of268 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
NEWPORBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
36
$ 9,900,000
$ 1,199,000
$ 4,260,306
38
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
age 17 of 26
Single Family Home
8/14/2019 NEWPORT BEACH
18/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 18 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
19/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 19 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
20/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Market Action IndexThe NEWPORT BEACH, 92661 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 13.55. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 20 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
21/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 268 days. Half of the listings have come newly on the market in thepast 217 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 21 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
22/26
Median List Price
Median Lot Size
10.8
Percent Relisted (reset DOM)
2540
2.5
0 %
Median Number of Bathrooms
285
Inventory of Properties Listed
$ 1,050
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 2,572,500
30 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
16 02853
1633.0 38
3.0
3
326
4.0 10
439
1
0
Less than4,500 sqft
66
$ 1,992,500
0
1
10
3.2
Less than4,500 sqft
02.5
1661Less than
4,500 sqft
10
$ 1,535,000
3.0
213
Less than4,500 sqft$ 2,749,000
3.5$ 5,772,500
10
0
2685
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday February 15, 2010
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
10
2367
1.5
The median list price in NEWPORTBEACH, CA 92662 this week is
$2,572,500. The 40 properties havebeen on the market for an average of285 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
NEWPORBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
40
$ 9,995,000
$ 1,095,000
$ 3,132,998
35
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
age 22 of 26
Single Family Home
8/14/2019 NEWPORT BEACH
23/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any priceincreases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 23 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
24/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 24 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
25/26
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH, C
Monday February 15, 2010
Market Action IndexThe NEWPORT BEACH, 92662 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 10.80. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 25 of 26
Single Family Hom
8/14/2019 NEWPORT BEACH
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Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
Neighborhood DetailNEWPO
BEACH,
Days on MarketThe properties have been on the market for an average of 285 days. Half of the listings have come newly on the market in thepast 224 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Single Family Hom