Newport Beach, California 92660 Real Estate Values
November 2019 end of month Residential Real Estate Sales Report.
Of note: Median Price for all price ranges and types
declined 15.8% to $2,270,000,
with sales increasing 8.2% year-over-year.
42% of
all homes listed for sale had their asking price reduced,
and the Sales to List
Price is at 95.8%.
(Example: sellers reduced their sales price an average of
4.2% off
the listing price: $2,000,000 listing price = $1,916,000 sales price.)
Number of listings on market slowed, but this is typical for Holiday Season
Markets inland did not fair as well
