Newport Heights DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,315,000
$2,416,366
$1,529,000
$1,237,500
-5.9%
Average Price per Square Foot ...........................
$657
$652
$1,045
$608
-7.5%
Properties Sold .......................................................
5
8
2
4
-20.0%
Properties Pending Sale .......................................
3
4
6
6
100.0%
Properties For Sale ................................................
28
25
40
32
14.3%
Days on Market (Pending Sale) ...........................
72
108
56
73
1.4%
Month’s Supply of Inventory ................................
5.6
3.1
20
8
42.9%
Percent Under Contract ........................................
10.7%
16.0%
15.0%
18.8%
75.0%
Average Median Price for Last 12 Months ........
$1,467,000
$1,915,265
$1,989,379
$1,860,174
26.8%
*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.
current market snapshot NOV
$1.315
DEC
$1,237,500
JAN FEB
MEDIAN SALES PRICE
MAR
$608
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.237 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 : November 2014
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