Here is your latest Newport Beach Activity Report for July 2023, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments.
Please contact us if you would like more information on the current market.
Orange County | Newport Beach | Single Family Homes | Area Report | July 2023
Here is your latest Area Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact us if you would like more information on the current market.
Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2023 | Single Family
Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2023 | Single Family
Average Sales Price | Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
July 2023 | Single Family
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
July 2023 | Single Family
Average Sales Price | Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2023 | Single Family
Properties for Sale | Number of properties listed for sale at the end of month. Sold Properties | Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2023 | Single Family
Asking Price | the average asking price of sold properties Sold Price | the average selling price Unsold Price | the average active list price
ABSORPTION RATE
July 2023 | Single Family
Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
July 2023 | Single Family
Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold | Number of properties sold.
The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations.
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Lucas Real Estate, a dynamic full-service residential real estate team led by Devin Lucas, REALTOR®, Real Estate Broker, and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA, offers unparalleled expertise in Newport Beach and surrounding areas.
