Page 1

Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line

Local Market Update for April 2013

www.hometourjay.com

A Research Tool Provided by the Pacific West Association of REALTORS®

Newport Beach Orange County April

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

89

88

- 1.1%

1,036

945

- 8.8%

Pending Sales

74

70

- 5.4%

565

739

+ 30.8%

Closed Sales

60

79

+ 31.7%

543

738

+ 35.9%

Days on Market Until Sale

124

86

- 30.6%

123

112

- 8.9%

Median Sales Price*

$1,320,000

$1,575,000

+ 19.3%

$1,347,750

$1,450,000

+ 7.6%

Average Sales Price*

$1,608,425

$2,024,870

+ 25.9%

$1,597,298

$1,799,150

+ 12.6%

91.9%

94.8%

+ 3.2%

90.7%

92.8%

+ 2.3%

Inventory of Homes for Sale

375

190

- 49.3%

--

--

--

Months Supply of Inventory

8.0

3.1

- 61.3%

--

--

--

Percent of Original List Price Received*

Thru 4-2012

Thru 4-2013

Percent Change

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

April

Townhouse-Condo Key Metrics

2012

2013

New Listings

36

Pending Sales

23

Closed Sales Days on Market Until Sale Median Sales Price* Average Sales Price*

Last 12 Months Percent Change

Thru 4-2012

Thru 4-2013

32

- 11.1%

379

332

- 12.4%

33

+ 43.5%

242

283

+ 16.9%

17

32

+ 88.2%

227

289

+ 27.3%

120

67

- 44.2%

137

95

- 30.7%

$450,000

$707,500

+ 57.2%

$535,000

$600,000

+ 12.1%

$537,588

$781,296

+ 45.3%

$602,155

$685,914

+ 13.9%

94.1%

98.7%

+ 4.9%

90.4%

95.4%

+ 5.5%

Inventory of Homes for Sale

124

43

- 65.3%

--

--

--

Months Supply of Inventory

6.1

1.8

- 70.5%

--

--

--

Percent of Original List Price Received*

Percent Change

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — Newport Beach —

All PWR Areas — Newport Beach —

$2,000,000

$900,000

$1,750,000

$800,000

$1,500,000

$700,000

$1,250,000

$600,000

$1,000,000

$500,000

$750,000

$400,000

$500,000

$300,000

$250,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

$200,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.


Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line

Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®

www.HomeTourJay.com

92660 – Newport Beach Orange County April

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

48

38

- 20.8%

539

Pending Sales

39

42

+ 7.7%

333

413

+ 24.0%

Closed Sales

33

47

+ 42.4%

326

410

+ 25.8%

Days on Market Until Sale

122

76

- 37.7%

119

95

- 20.2%

Median Sales Price*

$1,330,000

$1,599,000

+ 20.2%

$1,247,500

$1,365,000

+ 9.4%

Average Sales Price*

$1,426,561

$2,333,988

+ 63.6%

$1,399,912

$1,607,092

+ 14.8%

92.2%

94.8%

+ 2.8%

91.6%

94.2%

+ 2.8%

Percent of Original List Price Received*

Thru 4-2012

Thru 4-2013

Percent Change

493

- 8.5%

Inventory of Homes for Sale

176

77

- 56.3%

--

--

--

Months Supply of Inventory

6.3

2.2

- 65.1%

--

--

--

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

April

Townhouse-Condo Key Metrics

2012

2013

New Listings

21

Pending Sales

13

Last 12 Months Percent Change

Thru 4-2012

Thru 4-2013

12

- 42.9%

186

172

- 7.5%

20

+ 53.8%

126

146

+ 15.9%

Percent Change

Closed Sales

6

19

+ 216.7%

112

148

+ 32.1%

Days on Market Until Sale

77

62

- 19.5%

130

96

- 26.2%

Median Sales Price*

$778,000

$752,500

- 3.3%

$600,000

$678,750

+ 13.1%

Average Sales Price*

$836,000

$879,294

+ 5.2%

$695,475

$758,395

+ 9.0%

95.4%

99.4%

+ 4.2%

90.1%

95.4%

+ 5.9%

Inventory of Homes for Sale

63

19

- 69.8%

--

--

--

Months Supply of Inventory

6.0

1.6

- 73.3%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92660 – Newport Beach —

$1,750,000

All PWR Areas — 92660 – Newport Beach — $1,200,000

$1,500,000

$1,000,000

$1,250,000 $800,000 $1,000,000 $600,000 $750,000 $400,000

$500,000

$250,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

$200,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.


Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line

Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®

www.HomeTourJay.com Free Home Value Report

92661 – Newport Beach Orange County April

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

12

4

- 66.7%

117

Pending Sales

7

10

+ 42.9%

39

78

+ 100.0%

Closed Sales

8

6

- 25.0%

37

70

+ 89.2%

167

97

- 41.9%

174

164

- 5.7%

Median Sales Price*

$1,757,500

$1,470,000

- 16.4%

$2,200,000

$1,708,750

- 22.3%

Average Sales Price*

$2,143,125

$1,501,667

- 29.9%

$2,821,074

$2,575,139

- 8.7%

85.0%

94.9%

+ 11.6%

85.1%

89.5%

+ 5.2%

Days on Market Until Sale

Percent of Original List Price Received*

Thru 4-2012

Thru 4-2013

Percent Change

96

- 17.9%

Inventory of Homes for Sale

65

24

- 63.1%

--

--

--

Months Supply of Inventory

18.3

3.7

- 79.8%

--

--

--

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

April

Townhouse-Condo Key Metrics

2012

2013

New Listings

3

Pending Sales

1

Closed Sales

Last 12 Months Percent Change

Thru 4-2012

Thru 4-2013

1

- 66.7%

13

12

- 7.7%

0

- 100.0%

5

7

+ 40.0%

0

1

--

6

7

+ 16.7%

Days on Market Until Sale

0

83

--

183

117

- 36.1%

Median Sales Price*

$0

$1,150,000

--

$795,000

$1,100,000

+ 38.4%

Average Sales Price*

Percent Change

$0

$1,150,000

--

$794,167

$960,245

+ 20.9%

0.0%

92.0%

--

86.9%

90.1%

+ 3.7%

Inventory of Homes for Sale

6

4

- 33.3%

--

--

--

Months Supply of Inventory

6.0

3.4

- 43.3%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92661 – Newport Beach —

All PWR Areas — 92661 – Newport Beach —

$3,000,000

$1,600,000

$2,500,000

$1,400,000 $1,200,000

$2,000,000 $1,000,000 $1,500,000 $800,000 $1,000,000 $600,000 $500,000

$0 1-2008

$400,000

1-2009

1-2010

1-2011

1-2012

1-2013

$200,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.


A Research Tool Provided by the Pacific West Association of REALTORS®

Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line

92662 – Newport Beach

www.HomeTourJay.com Free Home Value Report

Local Market Update for April 2013

Orange County April

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

5

5

0.0%

Pending Sales

6

5

- 16.7%

43

49

+ 14.0%

Closed Sales

6

7

+ 16.7%

41

50

+ 22.0%

Days on Market Until Sale

91

79

- 13.2%

103

99

- 3.9%

Median Sales Price*

$1,575,000

$1,825,000

+ 15.9%

$1,825,000

$1,802,500

- 1.2%

Average Sales Price*

$1,656,667

$1,815,571

+ 9.6%

$2,153,620

$2,273,531

+ 5.6%

95.3%

103.5%

+ 8.6%

90.1%

93.9%

+ 4.2%

Percent of Original List Price Received*

Thru 4-2012

Thru 4-2013

Percent Change

65

63

- 3.1%

Inventory of Homes for Sale

17

10

- 41.2%

--

--

--

Months Supply of Inventory

4.3

2.4

- 44.2%

--

--

--

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

April

Townhouse-Condo

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

0

0

--

Pending Sales

0

0

--

Closed Sales

0

0

--

Days on Market Until Sale

0

0

--

Median Sales Price*

$0

$0

--

Average Sales Price*

Thru 4-2012

Thru 4-2013

Percent Change

1

0

- 100.0%

0

1

--

0

1

--

0

508

--

$0

$950,000

--

$0

$0

--

$0

$950,000

--

0.0%

0.0%

--

0.0%

79.2%

--

Inventory of Homes for Sale

1

0

- 100.0%

--

--

--

Months Supply of Inventory

0.0

0.0

--

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92662 – Newport Beach —

All PWR Areas — 92662 – Newport Beach —

$3,000,000

$1,400,000

$2,500,000

$1,200,000 $1,000,000

$2,000,000 $800,000 $1,500,000 $600,000 $1,000,000 $400,000 $500,000

$0 1-2008

$200,000

1-2009

1-2010

1-2011

1-2012

1-2013

$0 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.


Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line

Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®

92663 – Newport Beach

www.HomeTourJay.com Free Home Value Report

Orange County April

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

24

41

+ 70.8%

313

293

- 6.4%

Pending Sales

22

13

- 40.9%

146

198

+ 35.6%

Closed Sales

12

19

+ 58.3%

135

207

+ 53.3%

Days on Market Until Sale

121

108

- 10.7%

120

130

+ 8.3%

Median Sales Price*

$1,130,000

$1,115,000

- 1.3%

$1,177,000

$1,500,000

+ 27.4%

Average Sales Price*

$1,612,000

$1,502,539

- 6.8%

$1,526,733

$1,808,594

+ 18.5%

87.6%

91.6%

+ 4.6%

90.0%

90.8%

+ 0.9%

Percent of Original List Price Received*

Thru 4-2012

Thru 4-2013

Percent Change

Inventory of Homes for Sale

115

79

- 31.3%

--

--

--

Months Supply of Inventory

9.5

4.8

- 49.5%

--

--

--

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

April

Townhouse-Condo

Last 12 Months

Key Metrics

2012

2013

Percent Change

Thru 4-2012

Thru 4-2013

New Listings

12

19

+ 58.3%

176

144

- 18.2%

Pending Sales

9

10

+ 11.1%

111

124

+ 11.7%

Closed Sales

11

11

0.0%

109

130

+ 19.3%

Days on Market Until Sale

143

72

- 49.7%

141

89

- 36.9%

Median Sales Price*

$350,000

$375,000

+ 7.1%

$444,600

$513,500

+ 15.5%

Average Sales Price*

$374,818

$585,900

+ 56.3%

$495,697

$578,691

+ 16.7%

93.4%

98.7%

+ 5.7%

90.8%

95.8%

+ 5.5%

Inventory of Homes for Sale

51

20

- 60.8%

--

--

--

Months Supply of Inventory

5.5

1.9

- 65.5%

--

--

--

Percent of Original List Price Received*

Percent Change

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92663 – Newport Beach —

All PWR Areas — 92663 – Newport Beach —

$2,500,000

$700,000

$2,000,000

$600,000

$1,500,000

$500,000

$1,000,000

$400,000

$500,000

$300,000

$0 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

$200,000 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.

Newport beach real estate market report april 2013  

View Newport Beach Real Estate Market Report for April 2013 to understand the overall trends and trends by zip code and property types.

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