Property prices for sale in Newport Coast (California)
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 October, the average price per sq.feet was $1,660. In November this price pretty much remained the same at a value of $1,654 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $1,657 to $1,704 per sq.feet. The price per sq.feet has had a considerable increase of 216 % 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 $1,680.5 to $3,630.5 during February, and March.
Based upon to the price in Newport Coast (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $11,205,265. In November This price remains at $10,957,634. In the following two months the average price has remained the same with regard to the previous two months from $11,081,450 to $10,681,328. Based on an analysis of the first four prices and the last two months the average price has risen strongly 141 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $20,110,105 they are 85 % more affordable than the average price for Newport Coast. The properties with the lowest average price have 2 bedrooms, Their price is 74 % cheaper than the average. After that we have properties with 1 bedroom priced at $3,033,781.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $878 / sq.feet, with an average $5,551 / sq.feet price in Newport Coast. The properties with the lowest average prices have 2 bedrooms. They are 47 % cheaper than the average followed by properties with 1 bedroom with a price at $878 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $20,110,105 it is 74 % cheaper than the average price in Newport Coast. "Villa" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Villa". At a price of $7,401,749 it is 63 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $978 / sq.feet followed by "Townhouse" priced at $985 / sq.feet. "Apartment" is the cheapest type of property with a $2,958 / sq.feet value followed by "Townhouse" with an average price of $985 / sq.feet.
