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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