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

Mon Apr 7 2008, 13:33 - Newport Beach - Market Conditions - 5 answers
 
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Connie Mar...
Just Looking
in Newport Beach...
Connie Mar..., Just Looking in Newport Beach... in Newport Beach...
Answers (5)
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Keith Sorem was FIRST TO ANSWER
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.

Earlier today
Web Reference: http://www.donovanblatt.com
 
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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

Mon Apr 14 2008, 15:28
Web Reference: http://www.homgroup.com/AgentDetail.asp?AgentID=1041
 
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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 :)

Mon Apr 14 2008, 11:00
Web Reference: http://www.californiamoves.com/default.aspx?abrand=2523...
 
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You could try calling the Newport-Mesa Board of Realtors to see if they can provide this info.

Thu Apr 10 2008, 10:05
 
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FIRST ANSWER
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.

Mon Apr 7 2008, 20:10
Web Reference: http://www.beautifulburbankhomes.com
 
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