Real Estate Market Update for Newport Beach, CA

Video: Real Estate Community Tour for Newport Beach, CA

See Real estate community tour for 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 February. The number of active listings was down 9% from one year earlier, and down 1% 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 up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 1.5-million dollars. The number of units sold decreased 6% year-over-year, and decreased 2% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 Newport Beach, CA
Area Information for Newport Beach, CA
  • Population: 86,874
  • Median Age: 43.41 yr
  • Median Commute Time: 19.26 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 3,649/sq mi
  • Population Change Since 2000: 10.32%
  • 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: $110,592
  • Annual Residential Turnover: 26.68%
  • Median Years in Residence: 2.7 yr
  • Median Home Sales Price: $1,230,000
  • Closest Major Sports Team: Angels
  • Change Avg. Household Income Since 2000: 29%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Newport Beach, CA
Median Age: 43.41 Married: 37% Number of Households: 39,230 Households with Children: 8,623
    • 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 Newport Beach, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Newport Coast Elementary School 0.9 mi Public K-6 5 4
      Sage Hill 1.0 mi Private 9-12 0 3
      Roy O. Andersen Elementary School 1.3 mi Public K-6 5 5
      Newport Coast Child Development Preschool 1.5 mi Private PRESCHOOL-K 0 0
      St. Matthew's Montessori School 1.5 mi Private PRESCHOOL-K 0 0
      Our Lady Queen Of Angels 2.7 mi Catholic K-8 0 4
      Newport Christian School 2.7 mi Private K-3 0 4
      Corona Del Mar High School 2.8 mi Public 7-12 4-5 4
      Eastbluff Elementary School 3.3 mi Public K-6 5 4
      California Pacific Charter School Of San Diego 3.9 mi Public 6-12 2 2
      Newport Montessori School 3.9 mi Private PRESCHOOL-K 0 3
      Mariners Elementary School 4.1 mi Public K-6 5 5
      The Susan Phillips Day School 4.2 mi Private K-K 0 0
      Newport Harbor High School 4.4 mi Public 9-12 4 4
      Newport Elementary School 4.5 mi Public PRESCHOOL-6 4-5 4
      Horace Ensign Intermediate School 4.5 mi Public 7-8 4 3
      Christ Church By The Sea Um Children Center 4.6 mi Private PRESCHOOL-6 0 0
      Newport Heights Elementary School 4.7 mi Public K-6 4-5 5
      Carden Hall, Inc School 5.8 mi Private PRESCHOOL-8 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: and Onboard Informatics © 2015
      Local Weather for 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.