Real Estate Market Update for 92660 (Newport Beach, CA)
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Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 53% from one year earlier and down 4% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just over 1.9-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 1.15-million dollars. Overall, The number of units sold Increased 7% year-over-year and Increased 64% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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.
Map Information for 92660 (Newport Beach, CA)
Area Information for 92660 (Newport Beach, CA)
  • Community Character: Nearby Military Facility(ies), Stable Population, Moderate Residential Turnover, Coastal Area, Suburb of Santa
  • Population: 33,182
  • Median Age: 34.57 yr
  • Median Commute Time: 17.7 mins
  • Educational Climate*: 5
  • Recycling Likelihood**: 143
  • Sales Tax: 5%
  • Population Density: 3,271/sq mi
  • Population Change Since 2000: 12%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: Interior Designers Institute
  • Closest Jr. College: Orange Coast College
  • Median Household Income: $117,557
  • Annual Residential Turnover: 22.25%
  • Median Years in Residence: 2.94 yr
  • Median Home Sales Price: $1,063,500
  • Closest Major Sports Team: Los Angeles Angels Of Anaheim
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 92660 (Newport Beach, CA)
Median Age: 34.57 Married: 45% Number of Households: 14,639 Households with Children: 3,465
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
      Andersen Elementary School 0.5 mi Public K - 6 5 5
      Our Lady Queen Of Angels School 1.0 mi Catholic K - 8 0 0
      Corona Del Mar High School 1.0 mi Public 7 - 12 4-5 4
      Newport Christian School 1.1 mi Private K - 3 0 4
      Eastbluff Elementary School 1.6 mi Public K - 6 4-5 4
      Newport Montessori School 2.4 mi Private K - 3 0 3
      Mariners Elementary School 2.4 mi Public K - 6 5 5
      Newport Heights Elementary School 3.4 mi Public K - 6 4-5 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 © 2010
      Local Weather for 92660 (Newport Beach, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.