Newport Beach Luxury Real Estate

NEWPORT COAST HOMES FOR SALE

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SHOPPING FOR NEWPORT COAST REALTY

Acquire with the authority of intelligence on you side.  Our up to date sales facet helps you to make  educated decisions by fetching the sale price of similar real estate that has sold recently.  Just type in the address of the home you want to understand more about, and we will trail our sales record to find you the data you need to leverage yourself into a promising sales cost.

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NEWPORT COAST REAL ESTATE

Discovering Newport Coast California real Estate has made searching for your dream home a snap with our hyper-local search engine.  It is our pleasure to provide our interactive technology, making it easy for you to find information on every MLS listed example of property for Newport Coast California homes for sale. California, with it’s beautiful and impressive real estate, Newport Coast is a play area for America’s elite.  To make it easy for the home buyers to know where they want to live2newportbeach.com has organized all of the areas listings according to 33 different Newport Coast communities.

From the main page for Newport Coast, you can check out all the latest featured properties, see photo’s, and check property details.  Just like that, type in your dream preferences using our state of the art features to find houses in your size and price range in a flicker.  In addition, we’ve fashioned dedicated listings for popular property types including one of a kind custom houses, vacant property, and dockside estates.

INTELLIGENT NEWPORT COAST, CALIFORNIA REAL ESTATE SHOPPING

Believe with the power of experience on you side.  Our up to date sales report helps you to make  informed decisions by fetching the sale price of related real estate that has sold a short time ago.  Simply type in the address of the address you want to find out more about, and we’ll track our sales record to find you the data you want to leverage yourself into a positive sales rate.

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Finding Newport Coast California Real Estate has never been easier to search with our local search engine.  We bring you powerful interactive technology, making it easy for you to find information on every MLS listed piece of property for Newport Coast homes. With some of the countries most lavish and vast real estate, Newport Coast is a play area for America’s elite.  To make it easy for the home buyers to know where they want to be, 2newportbeach.com has organized the area’s upscale listings according to 37 different Newport Coast communities.

From the main page for Newport Coast, you can see every featured listing, see photo’s, and check detailed property information .  In a flash, you can can enter your preferred search criteria via our great features to find all houses in your price and size range in a moment.  But that’t not all, we have created dedicated listings for prevalent homestyles including one of a kind custom houses, available terra firma, and dockside homes.

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The Newport Coast real estate market has seen it’s share of trouble during this Newport Coast homes for sale downturn.  The Newport Coast real estate market update can be found at 2mediainfo.com and gives all the market information for Newport Coast real estate zip code by zip code.  There are quite a few Newport Coast homes for sale and many are headind for the auction blocks in October.  The  Newport Coast community has an amazing number of neighborhoods that share panoramic ocean views and total exposure to the sunny California weather.

The market this week for Newport Coast real estate for the week of 10/17/2008 places the medium family home at $3,699,000 with 167 homes that have been on the market for an average of 161 days. While prices have been flat, the price for per square foot has been heading downward.

When searching for a home on the internet, it is important to use what are called “keywords”.  These are the words that you type into Google, MSN, etc. to find the ares you would like to find.  When searching in the Newport Coast real estate market, terms like newport coast california real estate would be a good one one to use.  Other search terms like real estate newport are too broad to use when searching for a smaller area, so a better term would be newport coast property or newport coast home.

The percentage of people who begin their real estate search is upwards of 87% and that number continues to grows each year.  The amount of information for the real estate searcher is no longer controlled by the real estate agents, it is now freely available from many sources.  One of the sources we like to use for some local luxury markets is 2mediainfo.com because they provide market and recent sold data for free with no registration required.

Current prices for homes on the market

Trends in pricing

Current levels of supply and demand

Value metrics

market update2media Info

NEWPORT COAST

92657

2008-09-19

Report for the week

The median single family home price in NEWPORT COAST this week is $3,695,000. The 172 homes have been on the market for an average of 147 days.

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Some other areas of interest in the Newport beach area include Corona del Mar, Pelican Hill, Big Canyon, One Ford Road, Balboa Island, and Spyglass.

THIS WEEK

Average Days on Market 147

Asking Price per Square Foot $ 840

Absorbed This Week* 14

Percent of Properties with Price Decrease 40 %

Percent Relisted (reset DOM) 9 %

Percent Flip (price increased) 5 %

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. To get a tightly targeted

understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

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QUARTILES

Characteristics per Quartile

0.25 - 0.50 Most expensive 25% of homes

1 $ 6,995,000 7,343 acre 5.0 6.0 7 43 3 5 177

0.25 - 0.50 Upper-middle 25% of homes

2 $ 4,295,000 4,100 acre 4.0 5.0 4 43 1 1 133

3,816 4.0 4.0 4 43 3 2 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,895,000 sq ft 114

2,700 4.0 3.0 8 43 2 6 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,798,500 sq ft 164

We’ll refer to the quartiles in the

trend graphs below.

2media Info Market Update for NEWPORT COAST 22Media Info | http://www.2mediainfo.com

PRICE

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

QUARTILE PRICES

Pricing in the middle of the market is in an up trend lately, while Quartiles 1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward price trend or whether we’re at the beginning of a decline. Often, we find insights by watching pricing trends within the quartile segments.

2media Info Market Update for NEWPORT COAST real estate agent 32Media Info | http://www.2mediainfo.com

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

PRICE AND VALUE

INVENTORY

Inventory has been relatively steady around these levels in recent weeks.

2media Info Market Update for NEWPORT COAST realty 42Media Info | http://www.2mediainfo.com

The NEWPORT COAST market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 12. With several months of inventory available at the current sales rate, buyers should find ample choice. Home sales have been exceeding

new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer’s Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end

of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

Neighborhood Detail 92657

NEWPORT COAST real estate

Asking Price per Square Foot $ 840

Absorbed This Week 14

The median single family home price in NEWPORT COAST 92657 this week is $3,695,000.

THIS WEEK

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

PRICE

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

2media Info Market Update for NEWPORT COAST 72Media Info | http://www.2mediainfo.com

PRICE PER QUARTILE

In the quartile market segments, we see the middle of the market in this zip code staying on an up trend lately, while Quartiles 1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward price trend or whether we’re at the beginning of a decline.

Characteristics per Quartile QUARTILES

Bed Bath

Med. Sqft Med.

Age Inven. New

AbQuart

Median Price Med. Lot Size sorbed

Avg.

DoM

0.25 - 0.50 Most expensive 25% of homes

1 $ 6,995,000 7,343 acre 5.0 6.0 7 43 3 5 177

0.25 - 0.50 Upper-middle 25% of homes

2 $ 4,295,000 4,100 acre 4.0 5.0 4 43 1 1 133

3,816 4.0 4.0 4 43 3 2 Lower-middle 25% of homes

8,001 - 10,000

3 $ 2,895,000 sq ft 114

2,700 4.0 3.0 8 43 2 6 Least expensive 25% of homes

6,501 - 8,000

4 $ 1,798,500 sq ft 164

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

PRICE AND VALUE

The NEWPORT COAST 92657 is quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 12. With several months of inventory available at the current sales rate, buyers should find ample choice.

MARKET ACTION INDEX

MARKET ACTION

Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.