Last month in March, housing in Newport Beach, CA ended with 70 homes being added to the market for sale, for a cumulative monthly total of 140 homes for sale - up 8% compared to February. Newport Beach, CA had a total of 52 homes sold for the month - up 21% from the month prior.
Detached led the way in homes sold with a total of 35 - up 17%, while attached totaled 17 in closed sales - up 29% from the month of February. The number of detached properties sold under 1500 square feet totaled 5 for the month of March, while homes from 1500 to 2000 square feet recorded 5 sales and homes sized from 2000 to 2500 square feet had 3 sales. While homes from 2500 to 3000 square feet square feet recorded 5 homes sold and homes from 3000 to 3500 square feet had 4 sales, while homes in the 3500 to 4000 square feet range totaled 2 homes sold. Homes from 4000 to 4500 square feet had 4 sales, homes from 4500 to 5000 square feet had 2 sales and homes over 5500 square feet recorded 5 homes sold.
The number of attached homes sold under 1500 square feet numbered 10, attached homes in the square feet range of 1500 to 2000 recorded 3 sales and attached properties from 2000 to 2500 square feet had a total of 1 homes sold. Attached properties from 2500 to 3000 square feet had a total of 2 homes sold and attached properties from 4500 to 5000 square feet had a total of 1 homes sold. The following ranges for attached homes all had no sales: 3000 to 3500, 3500 to 4000, 4000 to 4500, over 5500.
The last 12 month period for the city of Newport Beach, CA shows that the greatest number of homes were sold during the months of May 2023, August 2023 and October 2023. The months of May 2023, August 2023 and October 2023 had 58 - 58 and 54 homes sold, respectively, as compared to an average of 45 for the other months of the year.
The last 12 month period for the city of Newport Beach, CA shows that homes sold the fastest during the months of April 2023, July 2023 and August 2023. The months of April 2023, July 2023 and August 2023 had 29 - 20 and 25 days on market, respectively, as compared to an average of 38 for the other months of the year.
Number of homes sold in Newport Beach, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
2024 | 31 | 41 | 52 | - | - | - | - | - | - | - | - | - | 124 |
2023 | 33 | 31 | 52 | 51 | 58 | 47 | 54 | 58 | 44 | 54 | 37 | 45 | 564 |
2022 | 66 | 56 | 74 | 79 | 64 | 68 | 40 | 61 | 51 | 35 | 29 | 24 | 647 |
2021 | 67 | 99 | 118 | 124 | 120 | 99 | 96 | 88 | 71 | 90 | 66 | 67 | 1105 |
2020 | 74 | 118 | 67 | 29 | 41 | 73 | 69 | 113 | 116 | 122 | 86 | 77 | 985 |
2019 | 40 | 39 | 68 | 78 | 85 | 76 | 89 | 75 | 72 | 89 | 65 | 77 | 853 |
2018 | 51 | 57 | 60 | 85 | 83 | 80 | 84 | 74 | 59 | 54 | 57 | 41 | 785 |
2017 | 63 | 50 | 73 | 76 | 100 | 87 | 79 | 89 | 74 | 71 | 54 | 74 | 890 |
Average Days On Market (DOM) In Newport Beach, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 59 | 40 | 31 | - | - | - | - | - | - | - | - | - | 43 |
2023 | 45 | 40 | 32 | 29 | 33 | 30 | 20 | 25 | 37 | 35 | 34 | 41 | 33 |
2022 | 35 | 20 | 23 | 6 | 21 | 14 | 23 | 23 | 38 | 42 | 40 | 5 | 24 |
2021 | 44 | 36 | 25 | 26 | 33 | 24 | 20 | 21 | 23 | 22 | 30 | 25 | 27 |
2020 | 83 | 68 | 57 | 32 | 40 | 57 | 57 | 48 | 39 | 46 | 39 | 35 | 50 |
2019 | 74 | 47 | 72 | 60 | 48 | 38 | 64 | 63 | 57 | 64 | 70 | 63 | 60 |
2018 | 86 | 40 | 47 | 55 | 46 | 32 | 58 | 43 | 78 | 55 | 50 | 68 | 55 |
2017 | 74 | 64 | 53 | 56 | 59 | 53 | 47 | 52 | 71 | 66 | 45 | 60 | 58 |
Average Days From List To Close Of Escrow In Newport Beach, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 119 | 80 | 88 | - | - | - | - | - | - | - | - | - | 96 |
2023 | 110 | 92 | 72 | 86 | 78 | 71 | 66 | 67 | 87 | 79 | 65 | 88 | 80 |
2022 | 99 | 63 | 68 | 56 | 63 | 61 | 72 | 61 | 76 | 106 | 86 | 78 | 74 |
2021 | 98 | 99 | 80 | 86 | 78 | 75 | 69 | 65 | 79 | 71 | 86 | 83 | 81 |
2020 | 145 | 124 | 97 | 78 | 99 | 116 | 118 | 109 | 89 | 100 | 89 | 80 | 104 |
2019 | 116 | 100 | 149 | 111 | 108 | 82 | 106 | 106 | 106 | 108 | 129 | 114 | 111 |
2018 | 136 | 104 | 87 | 110 | 95 | 78 | 100 | 87 | 128 | 100 | 105 | 107 | 103 |
2017 | 132 | 104 | 114 | 108 | 107 | 110 | 97 | 101 | 139 | 120 | 104 | 105 | 112 |
Number of homes added to the market in Newport Beach, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
2024 | 79 | 63 | 70 | - | - | - | - | - | - | - | - | - | 212 |
2023 | 55 | 67 | 62 | 73 | 83 | 89 | 78 | 84 | 76 | 56 | 49 | 21 | 793 |
2022 | 70 | 72 | 95 | 60 | 98 | 65 | 61 | 43 | 48 | 38 | 55 | 31 | 736 |
2021 | 102 | 97 | 118 | 92 | 103 | 91 | 95 | 82 | 76 | 60 | 43 | 41 | 1000 |
2020 | 75 | 167 | 64 | 47 | 91 | 100 | 110 | 106 | 99 | 93 | 80 | 71 | 1103 |
2019 | 55 | 75 | 96 | 92 | 98 | 81 | 80 | 81 | 64 | 64 | 50 | 33 | 869 |
2018 | 59 | 60 | 98 | 108 | 103 | 62 | 46 | 64 | 50 | 71 | 41 | 37 | 799 |
2017 | 82 | 83 | 102 | 86 | 83 | 95 | 74 | 55 | 53 | 65 | 53 | 33 | 864 |