newport coast

8/14/2019 NEWPORT COAST

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MARKET UPDATEJennifer Pritchett

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofFebruary 15, 2010

Presented by Your Orange County Real Estate ConnectionColdwell Banker Residential [email protected]

NEWPORT COAST,

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC


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Median List Price

Median Lot Size

13.5

Percent Relisted (reset DOM)

4008

4.5

11 %

Median Number of Bathrooms

322

Inventory of Properties Listed

$ 720

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 3,100,000

37 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

14 %

Percent of Properties with Price Decrease

Strong Buyer's

+

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

5 38358

3264.5 6

3.0

3

331

4.0 33

335

0

2

0.25 - 0.50acre

11

$ 2,900,000

3

0

33

6.5

8,001 -10,000 sqft

34.5

27144,501 -

6,500 sqft

33

$ 1,450,000

4.0

296

0.25 - 0.50acre$ 3,995,000

5.0$ 9,245,000

6

3

4556

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.

Monday February 15, 2010

Jennifer Pritchett Account | Coldwell Banker | 949-212-5279

32

4000

2.5

The median list price in NEWPORTCOAST, CA this week is $3,100,000.

The 131 properties have been on themarket for an average of 322 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

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=

NEWPORCOAST, C

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

131

$ 19,850,000

$ 15,990

$ 4,739,364

7

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Home


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City OverviewNEWPO

COAST, C


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Single Family Hom


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City OverviewNEWPO

COAST, C


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Single Family Hom


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City OverviewNEWPO

COAST, C


Market Action IndexThe NEWPORT COAST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.54. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.

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Single Family Hom


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City OverviewNEWPO

COAST,


Days on MarketThe properties have been on the market for an average of 322 days. Half of the listings have come newly on the market in thepast 273 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom

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