Graph of Newport Beach Real Estate sales in June 2023

Newport Beach Monthly Activity Report – All Activity For June 2023

  • July 15, 2023
  • devinlucas

Here is your latest Newport Beach Activity 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.

Difficulty viewing report? Click here.


Area
Report
NEWPORT BEACH
JUNE 2023 | ALL PROPERTY TYPES

Here is your latest Newport Beach Activity 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.


Devin Lucas
CalRE : 01912302
Office: 949-478-1623
devin@lucas-real-estate.com
lucas-real-estate.com



Area
Report
NEWPORT BEACH

FULL MARKET SUMMARY
June 2023 | All Property Types
Month to Date Year to Date
June 2023 June 2022 % Change YTD 2023 YTD 2022 % Change
New Listings 80 88 -9.09%  428 616 -30.52% 
Sold Listings 48 72 -33.33%  277 420 -34.05% 
Median List Price (Solds) $3,400,000 $2,822,500 20.46%  $2,875,000 $2,824,500 1.79% 
Median Sold Price $3,225,000 $2,815,000 14.56%  $2,800,000 $2,850,000 -1.75% 
Median Days on Market 20 17 17.65%  23 11 109.09% 
Average List Price (Solds) $4,432,060 $3,309,048 33.94%  $3,537,475 $3,501,369 1.03% 
Average Sold Price $4,247,737 $3,327,473 27.66%  $3,398,397 $3,491,011 -2.65% 
Average Days on Market 34 26 30.77%  44 28 57.14% 
List/Sold Price Ratio 96.9% 101% -4.15%  97.1% 100.9% -3.73% 
SOLD AND NEW PROPERTIES (UNITS)
June 2023 | All Property Types
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
June 2023 | All Property Types
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
June 2023 | All Property Types
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
June 2023 | All Property Types
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
June 2023 | All Property Types
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
June 2023 | All Property Types
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
June 2023 | All Property Types
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price | the average active list price



ABSORPTION RATE
June 2023 | All Property Types
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
June 2023 | All Property Types
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.

Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2023 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated.

The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

devinlucas