The prices in real estate in Newport Coast, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Newport Coast has increased strongly during the last 6 months. In January, the average price per sq.feet was $1,134. In February this price pretty much remained the same at a value of $1,115 per sq.feet. The price for the following two months in (March, April) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 221 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,043.5 to $2,307 during May, and June.
Based upon to the price in Newport Coast (cities), this has fallen considerably in the last 6 months. The average price for January is $6,024,594. During February the price had a slight fall till $5,716,235. During the following two months (March, April) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $5,075,105 and $5,046,713.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $5,695,614 they are 14 % more affordable than the average price for Newport Coast. The properties with the lowest average price have 2 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 1 bedroom priced at $4,904,400.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $3,125 / sq.feet, with an average $1,764 / sq.feet price in Newport Coast. The properties with the highest average prices have 1 bedroom. They are 469 % more expensive than the average followed by properties with 2 bedrooms with a price at $3,125 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $5,695,614 it is 5 % cheaper than the average price in Newport Coast. "Villa" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of $7,742,632 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $1,047 / sq.feet followed by "Townhouse" priced at $1,061 / sq.feet. "Apartment" is the most costly type of property with a $3,125 / sq.feet cost followed by "Townhouse" with an average price of $1,061 / sq.feet.