Real Estate Market Update for 92657 (Newport Coast, CA)

Video: Real Estate Community Tour for 92657 (Newport Coast, CA)

See Real estate community tour for 92657 (Newport Coast, CA)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was up 8% from one year earlier, and down 2% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was over 3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 28%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 2-million dollars. The number of units sold increased 73% year-over-year, and increased 6% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 92657 (Newport Coast, CA)
Area Information for 92657 (Newport Coast, CA)
  • Population: 10,041
  • Median Age: 46.23 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,362/sq mi
  • Population Change Since 2000: 77.93%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: Univ Ca Irvine-sch Of Biological Science
  • Closest Jr. College: Univ Ca Irvine Paul Merage Sch Business
  • Median Household Income: $158,007
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $2,498,500
  • Closest Major Sports Team: Los Angeles Angels
  • Change Avg. Household Income Since 2000: 39.61%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92657 (Newport Coast, CA)
Median Age: 46.23 Married: 53% Number of Households: 3,905 Households with Children: 1,200
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92657 (Newport Coast, CA)

      School Name Distance Type Grades School Rating Parent Rating
      Newport Coast Elementary School 4.5 mi Public K-6 5 0
      Sage Hill 5.4 mi Private 9-12 0 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 92657 (Newport Coast, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.