1/09/2020

Newport Beach November 2019


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