Real Estate Market Update for 92660 (Newport Beach, CA)

Video: Real Estate Community Tour for 92660 (Newport Beach, CA)

See Real estate community tour for 92660 (Newport Beach, CA)
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 20% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 1.15-million dollars. The number of units sold increased 26% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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 92660 (Newport Beach, CA)
Area Information for 92660 (Newport Beach, CA)
  • Population: 36,370
  • Median Age: 44.46 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 3,727/sq mi
  • Population Change Since 2000: 16.23%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: Interior Designers Institute
  • Closest Jr. College: Univ Ca Irvine Paul Merage Sch Business
  • Median Household Income: $113,908
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $1,400,000
  • Closest Major Sports Team: Los Angeles Angels
  • Change Avg. Household Income Since 2000: 21.05%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92660 (Newport Beach, CA)
Median Age: 44.46 Married: 46% Number of Households: 16,021 Households with Children: 3,868
Community:
    • 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 92660 (Newport Beach, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Roy O. Andersen Elementary School 0.5 mi Public K-6 5 5
      St. Matthew's Montessori School 0.9 mi Private PRESCHOOL-K 0 0
      Our Lady Queen Of Angels 0.9 mi Catholic K-8 0 4
      Newport Coast Child Development Preschool 0.9 mi Private PRESCHOOL-K 0 0
      Corona Del Mar High School 1.0 mi Public 7-12 5 4
      Newport Christian School 1.1 mi Private PRESCHOOL-6 0 4
      Eastbluff Elementary School 1.6 mi Public K-6 5 4
      Mariners Elementary School 2.4 mi Public K-6 5 5
      Newport Montessori School 2.4 mi Private PRESCHOOL-K 0 3
      The Susan Phillips Day School 2.4 mi Private K-K 0 0
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 92660 (Newport Beach, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.