Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line
Local Market Update for April 2013
www.hometourjay.com
A Research Tool Provided by the Pacific West Association of REALTORS®
Newport Beach Orange County April
Single Family
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
89
88
- 1.1%
1,036
945
- 8.8%
Pending Sales
74
70
- 5.4%
565
739
+ 30.8%
Closed Sales
60
79
+ 31.7%
543
738
+ 35.9%
Days on Market Until Sale
124
86
- 30.6%
123
112
- 8.9%
Median Sales Price*
$1,320,000
$1,575,000
+ 19.3%
$1,347,750
$1,450,000
+ 7.6%
Average Sales Price*
$1,608,425
$2,024,870
+ 25.9%
$1,597,298
$1,799,150
+ 12.6%
91.9%
94.8%
+ 3.2%
90.7%
92.8%
+ 2.3%
Inventory of Homes for Sale
375
190
- 49.3%
--
--
--
Months Supply of Inventory
8.0
3.1
- 61.3%
--
--
--
Percent of Original List Price Received*
Thru 4-2012
Thru 4-2013
Percent Change
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
April
Townhouse-Condo Key Metrics
2012
2013
New Listings
36
Pending Sales
23
Closed Sales Days on Market Until Sale Median Sales Price* Average Sales Price*
Last 12 Months Percent Change
Thru 4-2012
Thru 4-2013
32
- 11.1%
379
332
- 12.4%
33
+ 43.5%
242
283
+ 16.9%
17
32
+ 88.2%
227
289
+ 27.3%
120
67
- 44.2%
137
95
- 30.7%
$450,000
$707,500
+ 57.2%
$535,000
$600,000
+ 12.1%
$537,588
$781,296
+ 45.3%
$602,155
$685,914
+ 13.9%
94.1%
98.7%
+ 4.9%
90.4%
95.4%
+ 5.5%
Inventory of Homes for Sale
124
43
- 65.3%
--
--
--
Months Supply of Inventory
6.1
1.8
- 70.5%
--
--
--
Percent of Original List Price Received*
Percent Change
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — Newport Beach —
All PWR Areas — Newport Beach —
$2,000,000
$900,000
$1,750,000
$800,000
$1,500,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
$200,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.
Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line
Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®
www.HomeTourJay.com
92660 – Newport Beach Orange County April
Single Family
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
48
38
- 20.8%
539
Pending Sales
39
42
+ 7.7%
333
413
+ 24.0%
Closed Sales
33
47
+ 42.4%
326
410
+ 25.8%
Days on Market Until Sale
122
76
- 37.7%
119
95
- 20.2%
Median Sales Price*
$1,330,000
$1,599,000
+ 20.2%
$1,247,500
$1,365,000
+ 9.4%
Average Sales Price*
$1,426,561
$2,333,988
+ 63.6%
$1,399,912
$1,607,092
+ 14.8%
92.2%
94.8%
+ 2.8%
91.6%
94.2%
+ 2.8%
Percent of Original List Price Received*
Thru 4-2012
Thru 4-2013
Percent Change
493
- 8.5%
Inventory of Homes for Sale
176
77
- 56.3%
--
--
--
Months Supply of Inventory
6.3
2.2
- 65.1%
--
--
--
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
April
Townhouse-Condo Key Metrics
2012
2013
New Listings
21
Pending Sales
13
Last 12 Months Percent Change
Thru 4-2012
Thru 4-2013
12
- 42.9%
186
172
- 7.5%
20
+ 53.8%
126
146
+ 15.9%
Percent Change
Closed Sales
6
19
+ 216.7%
112
148
+ 32.1%
Days on Market Until Sale
77
62
- 19.5%
130
96
- 26.2%
Median Sales Price*
$778,000
$752,500
- 3.3%
$600,000
$678,750
+ 13.1%
Average Sales Price*
$836,000
$879,294
+ 5.2%
$695,475
$758,395
+ 9.0%
95.4%
99.4%
+ 4.2%
90.1%
95.4%
+ 5.9%
Inventory of Homes for Sale
63
19
- 69.8%
--
--
--
Months Supply of Inventory
6.0
1.6
- 73.3%
--
--
--
Percent of Original List Price Received*
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92660 – Newport Beach —
$1,750,000
All PWR Areas — 92660 – Newport Beach — $1,200,000
$1,500,000
$1,000,000
$1,250,000 $800,000 $1,000,000 $600,000 $750,000 $400,000
$500,000
$250,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
$200,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.
Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line
Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®
www.HomeTourJay.com Free Home Value Report
92661 – Newport Beach Orange County April
Single Family
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
12
4
- 66.7%
117
Pending Sales
7
10
+ 42.9%
39
78
+ 100.0%
Closed Sales
8
6
- 25.0%
37
70
+ 89.2%
167
97
- 41.9%
174
164
- 5.7%
Median Sales Price*
$1,757,500
$1,470,000
- 16.4%
$2,200,000
$1,708,750
- 22.3%
Average Sales Price*
$2,143,125
$1,501,667
- 29.9%
$2,821,074
$2,575,139
- 8.7%
85.0%
94.9%
+ 11.6%
85.1%
89.5%
+ 5.2%
Days on Market Until Sale
Percent of Original List Price Received*
Thru 4-2012
Thru 4-2013
Percent Change
96
- 17.9%
Inventory of Homes for Sale
65
24
- 63.1%
--
--
--
Months Supply of Inventory
18.3
3.7
- 79.8%
--
--
--
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
April
Townhouse-Condo Key Metrics
2012
2013
New Listings
3
Pending Sales
1
Closed Sales
Last 12 Months Percent Change
Thru 4-2012
Thru 4-2013
1
- 66.7%
13
12
- 7.7%
0
- 100.0%
5
7
+ 40.0%
0
1
--
6
7
+ 16.7%
Days on Market Until Sale
0
83
--
183
117
- 36.1%
Median Sales Price*
$0
$1,150,000
--
$795,000
$1,100,000
+ 38.4%
Average Sales Price*
Percent Change
$0
$1,150,000
--
$794,167
$960,245
+ 20.9%
0.0%
92.0%
--
86.9%
90.1%
+ 3.7%
Inventory of Homes for Sale
6
4
- 33.3%
--
--
--
Months Supply of Inventory
6.0
3.4
- 43.3%
--
--
--
Percent of Original List Price Received*
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92661 – Newport Beach —
All PWR Areas — 92661 – Newport Beach —
$3,000,000
$1,600,000
$2,500,000
$1,400,000 $1,200,000
$2,000,000 $1,000,000 $1,500,000 $800,000 $1,000,000 $600,000 $500,000
$0 1-2008
$400,000
1-2009
1-2010
1-2011
1-2012
1-2013
$200,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.
A Research Tool Provided by the Pacific West Association of REALTORS®
Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line
92662 – Newport Beach
www.HomeTourJay.com Free Home Value Report
Local Market Update for April 2013
Orange County April
Single Family
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
5
5
0.0%
Pending Sales
6
5
- 16.7%
43
49
+ 14.0%
Closed Sales
6
7
+ 16.7%
41
50
+ 22.0%
Days on Market Until Sale
91
79
- 13.2%
103
99
- 3.9%
Median Sales Price*
$1,575,000
$1,825,000
+ 15.9%
$1,825,000
$1,802,500
- 1.2%
Average Sales Price*
$1,656,667
$1,815,571
+ 9.6%
$2,153,620
$2,273,531
+ 5.6%
95.3%
103.5%
+ 8.6%
90.1%
93.9%
+ 4.2%
Percent of Original List Price Received*
Thru 4-2012
Thru 4-2013
Percent Change
65
63
- 3.1%
Inventory of Homes for Sale
17
10
- 41.2%
--
--
--
Months Supply of Inventory
4.3
2.4
- 44.2%
--
--
--
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
April
Townhouse-Condo
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
0
0
--
Pending Sales
0
0
--
Closed Sales
0
0
--
Days on Market Until Sale
0
0
--
Median Sales Price*
$0
$0
--
Average Sales Price*
Thru 4-2012
Thru 4-2013
Percent Change
1
0
- 100.0%
0
1
--
0
1
--
0
508
--
$0
$950,000
--
$0
$0
--
$0
$950,000
--
0.0%
0.0%
--
0.0%
79.2%
--
Inventory of Homes for Sale
1
0
- 100.0%
--
--
--
Months Supply of Inventory
0.0
0.0
--
--
--
--
Percent of Original List Price Received*
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92662 – Newport Beach —
All PWR Areas — 92662 – Newport Beach —
$3,000,000
$1,400,000
$2,500,000
$1,200,000 $1,000,000
$2,000,000 $800,000 $1,500,000 $600,000 $1,000,000 $400,000 $500,000
$0 1-2008
$200,000
1-2009
1-2010
1-2011
1-2012
1-2013
$0 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.
Jay Valento, Realtor® Main Street Realtors 877-300-9959 direct line
Local Market Update for April 2013 A Research Tool Provided by the Pacific West Association of REALTORS®
92663 – Newport Beach
www.HomeTourJay.com Free Home Value Report
Orange County April
Single Family
Last 12 Months
Key Metrics
2012
2013
Percent Change
New Listings
24
41
+ 70.8%
313
293
- 6.4%
Pending Sales
22
13
- 40.9%
146
198
+ 35.6%
Closed Sales
12
19
+ 58.3%
135
207
+ 53.3%
Days on Market Until Sale
121
108
- 10.7%
120
130
+ 8.3%
Median Sales Price*
$1,130,000
$1,115,000
- 1.3%
$1,177,000
$1,500,000
+ 27.4%
Average Sales Price*
$1,612,000
$1,502,539
- 6.8%
$1,526,733
$1,808,594
+ 18.5%
87.6%
91.6%
+ 4.6%
90.0%
90.8%
+ 0.9%
Percent of Original List Price Received*
Thru 4-2012
Thru 4-2013
Percent Change
Inventory of Homes for Sale
115
79
- 31.3%
--
--
--
Months Supply of Inventory
9.5
4.8
- 49.5%
--
--
--
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
April
Townhouse-Condo
Last 12 Months
Key Metrics
2012
2013
Percent Change
Thru 4-2012
Thru 4-2013
New Listings
12
19
+ 58.3%
176
144
- 18.2%
Pending Sales
9
10
+ 11.1%
111
124
+ 11.7%
Closed Sales
11
11
0.0%
109
130
+ 19.3%
Days on Market Until Sale
143
72
- 49.7%
141
89
- 36.9%
Median Sales Price*
$350,000
$375,000
+ 7.1%
$444,600
$513,500
+ 15.5%
Average Sales Price*
$374,818
$585,900
+ 56.3%
$495,697
$578,691
+ 16.7%
93.4%
98.7%
+ 5.7%
90.8%
95.8%
+ 5.5%
Inventory of Homes for Sale
51
20
- 60.8%
--
--
--
Months Supply of Inventory
5.5
1.9
- 65.5%
--
--
--
Percent of Original List Price Received*
Percent Change
* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation All PWR Areas — 92663 – Newport Beach —
All PWR Areas — 92663 – Newport Beach —
$2,500,000
$700,000
$2,000,000
$600,000
$1,500,000
$500,000
$1,000,000
$400,000
$500,000
$300,000
$0 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
$200,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of May 6, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.