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Lower Newport Bay - Balboa Island DATA*

Jun 2012

Jun 2013

% CHANGE

Median Price ..........................................................

$2,500,000

$2,425,000

-3.0%

Average Price per Square Foot ...........................

$847

$1,044

23.3%

Properties Sold .......................................................

7

5

-28.6%

Properties Pending Sale .......................................

9

6

-33.3%

Properties For Sale ................................................

62

36

-41.9%

Days on Market (Pending Sale) ...........................

156

50

-67.9%

Month’s Supply of Inventory ................................

8.9

7.2

-18.7%

Percent Under Contract ........................................

14.5%

16.7%

14.8%

Average Median Price for Last 12 Months ........

$2,014,000

$2,316,923

15.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$2.425

S A L E S

$2.500

(in hundred thousands)

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Orange County Micro Market Report : June 2013