Connie Marvi…, Other/Just Looking in Newport Beach Plaza

What's the average number of days a house is on the market in Newport Beach?

Asked by Connie Marvick, Newport Beach Plaza Mon Apr 7, 2008

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This question about market time for selling homes at Newport Beach was asked during April, 2008, so Connie is probably no longer involved in discussion.

See my recent article about Newport Beach real estate and home sales for 2010. http://liveatnewportbeach.com/2011/02/16/newport-beach-real-…

Harrison K. Long, Realtor, GRI, broker associate, Coldwell Banker NRT.
ExploreProperties@gmail.com
0 votes Thank Flag Link Thu Mar 3, 2011
Newport Beach, California ~ local housing market shapshot.

As of today, June 9, 2008, there are 203 attached (or condo) homes listed for sale at Newport Beach, CA. The average number of days on the market for those is 110 days.

There are also 456 detached SFR homes listed for sale at Newport Beach, with average time on the market for those is 133 days.

Harrison K. Long, Explore Group Properties, Coldwell Banker Previews.

For a good local home and property search check out ~ http://www.ExploreOCHomes.com.
0 votes Thank Flag Link Tue Jun 9, 2009
Connie ...

As of today, January 10, 2008, there are 166 attached (or condo) homes listed for sale at Newport Beach, CA. The average number of days on the market for those is 135.

There are also now 338 detached homes listed for sale at Newport Beach, and the average number of days on the market for those is 132.

Harrison K. Long, Explore Group Properties, Coldwell Banker Previews.

For a very good home and property search check out
0 votes Thank Flag Link Sat Jan 10, 2009
Connie,
It appears the information you are looking for is within the range of 90-105 days. Eventhough this is not exact, it represents information that buyers and sellers can work with.

Good luck
0 votes Thank Flag Link Sat Jan 10, 2009
The person who said updated information shows that the average days on market for a home in Newport Beach is 102.6. Thats still pretty good in this market . . .correct
0 votes Thank Flag Link Sat Jan 10, 2009
Good question about number of days on the market in Newport Beach. We see that most detached Newport Beach homes ... have high listing prices and that they are on the market for usually more than 90 days. Some of these don't sell and the listings are canceled or expire. Others will have asking prices lowered and then eventually sell for what the market will pay. That's a smart seller.

If you are interested to sell your property and make a move, please contact us. We are here to help and serve as Realtor agents for those who want the finest representation.

Harrison K. Long
Realtor and Broker
Coldwell Banker Previews, Irvine, CA
949-854-7747
Check out the best web site for Southern California home searching
http://www.BuyersExploreHomes.com
and
http://www.ExploreOCHomes.com
0 votes Thank Flag Link Tue Nov 4, 2008
over 90 but you can sell if marketed right much quicker
Newport Beach info below scroll dowm after clicking link
http://www.homebuyershope.com/index.shtml
0 votes Thank Flag Link Wed Sep 10, 2008
The updated information shows that the average days on market for a home in Newport Beach is 102.6. This is down just slightly from the information you were provided in April.

As of yesterday, 298 homes have sold in Newport Beach this year. Homes sold between the beginning of the year and the end of July had an average sold price of $1,661,336.
Web Reference: http://www.donovanblatt.com
0 votes Thank Flag Link Wed Aug 20, 2008
Here is year to date information for Newport Beach. I just pulled it 5 minutes ago:
105 Average Days on Market
474 new listings, $1,963,437 Avg List Price
20 currently under contract (in escrow), $1,669,975 Avg List Price
85 sold, $1,770,575 Avg Sold Price
87.41% sold price/listed price
82.79% sold price/original listed price (before price reductions)

If you need any other numbers, just email me and let me know. Being a real estate agent in Newport Beach, this is a very easy thing for me to obtain. I can even pull information on your specific neighborhood.

Cheers,
Luke Hagenbach
0 votes Thank Flag Link Mon Apr 14, 2008
In answer to your question, using statistics from the past six months there were 536 Active properties listed for sale - the average days on market (DOM) was 75 days. (Min DOM was 2 and Max was 224). Regarding Pending sales, avg DOM is 53 (Min 7, Max 133); Closed Sales avg DOM was 43 (Min 0, Max 142) and for Expired listings the average DOM was 98 (Min 1, Max 213 days).

Is your home currently on the market or are you considering putting it on the market?

Hope this helps. If I can be of further assistance, let me know. Cynthia :)
0 votes Thank Flag Link Mon Apr 14, 2008
You could try calling the Newport-Mesa Board of Realtors to see if they can provide this info.
0 votes Thank Flag Link Thu Apr 10, 2008
Connie
I do NOT work your market, but I do have some tips for you.
Homes that sell in the first 30 days of market time sell closest to asking price. The longer a home sits, the bigger the gap. In my MLS currently homes that sell in a month sell for 98.3% of asking. After 120 days they sell for 93.6% of asking...that is probably AFTER a price reduction.

So a properly priced home, properly marketed will sell for the most amount of money in 30 days.
0 votes Thank Flag Link Mon Apr 7, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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