November, 2014 RSS Icon
Found 1 entry for November, 2014.

It’s not all fun, games and food on our blog so we have decided to provide a monthly snapshot of the real estate market in our local community.

Here goes…

The median home value in Newport Beach is $1,305,700. The median list price per square foot in Newport Beach is $823, which is higher than the Los Angeles Metro average of $345. The median price of homes currently listed in Newport Beach is $1,795,000 while the median price of homes that sold is $1,618,750. The median rent price in Newport Beach is $3,100, which is higher than the Los Angeles Metro median of $2,195.

Inventories are currently pretty low, which, is normal this time of year. For those homes currently on the market, it seems too many sellers are pricing them above median and/or comp values

498 Views, 0 Comments
Read Full Post

What's Your Home Worth? Find out now, for Free.

Let's Go