Newport Beach, CA 92660 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator is the median sold price: $3,869,000, which reflects realized transaction value and should guide valuation and underwriting; representative recent sale informs comparable selection.
2. Market liquidity appears muted: the median days on market is 265 days, which points to slower transaction velocity and suggests buyers are taking more time to transact in this market.
3. There is a visible spread between asking and achieved prices—median listing price is $4,995,000 versus the median sold price of $3,869,000—which may indicate pricing friction where seller expectations exceed recent transaction levels.
4. Rental dynamics and financing conditions support investment interest: median market rent is $4,070 with rent year-over-year trend listed as up, while interest rate pressure is moderate and Current 30-year fixed mortgage rates in Newport Beach, CA, are approximately 6.5%, a factor that may temper buyer activity; rent growth supports landlord cash-flow considerations.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.