Market data for February 2014

Posted by David Feldberg on Wednesday, April 9th, 2014 at 10:37am.

REAL ESTATE MARKET DATA FOR FEBRUARY 2014

The numbers are in for the real estate market for January 2014. I have illustrated the change from February of 2013. Green for an increase and Red for a decrease.

Newport Beach Single Family Homes Townhouse or Condo
# of New Listings 94 (34.3%) 23 (21.1%)
# of Pending Sales 38 (-25.5%) 27 (8.0%)
Average Sales Price $1,921,541 (45.6%) $931,786 (32.5%)
# of Homes for Sale 230 (0.0%) 54 (3.8%)

 

Costa Mesa Single Family Homes Townhouse or Condo
# of New Listings 65 (0.0%) 22 (-4.3%)
# of Pending Sales 60 (22.4%) 24 (33.3%)
Average Sales Price $729,871 (21.7%) $446,843 (11.1%)
# of Homes for Sale 94 (10.6%) 36 (50.0%)

 

Corona Del Mar Single Family Homes Townhouse or Condo
# of New Listings 16 (-5.9%) 19 (46.2%)
# of Pending Sales 14 (-12.5%) 8 (-38.5%)
Average Sales Price $3,411,417 (56.6%) $1,353,625 (6.3%)
# of Homes for Sale 37 (-36.2%) 34 (36.0%)

 

Huntington Beach Single Family Homes Townhouse or Condo
# of New Listings 133 (11.8%) 54 (-6.9%)
# of Pending Sales 104 (23.8%) 55 (-1.8%)
Average Sales Price $879,466 (11.3%) $444,524 (4.4%)
# of Homes for Sale 228 (1.8%) 106 (-3.6%)

 

As you can see in most of the data listed above about homes for sale in Newport Beach, Corona Del Mar, Costa Mesa, and Huntington Beach supply is still on the rise from last year. We are finding most properties to be single or two offers rather then the 5-15 offers on each property last year. Also of note is the average sales price rose anywhere from 4.4% year over year to a whopping 45.6% depending on area.

If you have any questions about buying a home or selling a home in Newport Beach, Costa Mesa, Corona Del Mar, Huntington Beach, or anywhere in Orange County please contact one of our knowledgeable realtors today!

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