Newport Coast DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,747,500
$4,389,900
$3,200,000
$2,782,500
1.3%
Average Price per Square Foot ...........................
$828
$952
$894
$781
-5.7%
Properties Sold .......................................................
14
12
9
12
-14.3%
Properties Pending Sale .......................................
15
14
9
16
6.7%
Properties For Sale ................................................
95
98
76
94
-1.1%
Days on Market (Pending Sale) ...........................
77
112
282
108
40.3%
Month’s Supply of Inventory ................................
6.8
8.2
8.4
7.8
15.4%
Percent Under Contract ........................................
15.8%
14.3%
11.8%
17.0%
7.8%
Average Median Price for Last 12 Months ........
$2,881,000
$3,216,571
$3,135,833
$3,218,737
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.747
APR
$2,782,500
MAY JUN
MEDIAN SALES PRICE
JUL
$781
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
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