Newport Beach Market Activity 92661

I’m helping one of my clients evaluate a cool Newport Beach home on the Balboa Peninsula in 92661 real estate zip code.  So, researched all of the comparable sales today for the property and wanted to share with you how the market is in Newport Beach.  In Newport Beach real estate, there are 1,931 single family homes and 4,361 residents.

Newport Beach Real Estate Market Statistics 92661

The average selling price of single-family homes in April 2019 was $3,325,753.  That was DOWN 15.70% from April 2018.  Why?  Let’s keep reviewing the statistics to see the trends.

I think the key factor is the number of listings for sale in this zip code have gone up.  In April 2019, there were 7.8 months of supply verse 2018 when there was 5.60 months of supply.  More competition makes prices more flexible.

Ratings are based on a score of 1 to 10 from greatschools.org:

Newport Elementary School
Type: Public   Grades Served: K-6
School Rating: 9

Horace Ensign Intermediate School
Type: Public   Grades Served: 7-8
School Rating: 8

Newport Harbor High School
Type: Public   Grades Served: 9-12
School Rating: 8

Newport Academy Day School
Type: Private   Grades Served: 8-12
School Rating: NA

Harbor View Elementary School
Type: Public   Grades Served: K-6
School Rating: 10

Newport Heights Elementary School
Type: Public   Grades Served: K-6
School Rating: 9

Mariners Elementary School
Type: Public   Grades Served: K-6
School Rating: 10

Abraham Lincoln Elementary School
Type: Public   Grades Served: K-6
School Rating: 10

Our Lady Queen Of Angels
Type: Private   Grades Served: K-8
School Rating: NA

Corona Del Mar High School
Type: Public   Grades Served: 7-12
School Rating: 9

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