Weekly Market Update for the Port Streets of Newport Beach ๐Ÿก October 16th

Weekly Market Update for the Port Streets of Newport Beach ๐Ÿก October 16th

Congrats to our sellers on Port Edward & our buyers on Port Cardigan! 2 Port Streets homes sold this week ๐Ÿ”‘

Click Here for the Weekly Market Update Video

๐Ÿ”‘ 1998 Port Edward Cir โ€” $6.5M, 69 days on market
๐Ÿ”‘ 1976 Port Cardigan Pl โ€” $5.7M, 17 days on market

This week in the Port Streets ๐Ÿก
๐Ÿ“ 1 New Listing hit the Market
๐Ÿ“ 0 went into Escrow
๐Ÿ“ 2 Sold ๐Ÿ‘๐Ÿป

Out of over 1,100 homes:
โœ… 7 are listed For Sale
โœ… 4 Available Off-Market
โœ… 0 are In Escrow
โœ… 2 are listed For Rent

6-Month Market Snapshot ๐Ÿ“ˆ
- 19 homes Sold (up 5% from last year)
- Average Sold Price = $5.74M (down 3%)
- Average Price/Sq Ft = $1,868 (up 2%)
- Average Days on Market = 44 days
- Market Range = $3.65M โ†’ $10.5M

30-year Mortgage Rate = 7.47% (up 9 bps from last week) ๐Ÿ“ˆ

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