Newport Beach inventory

NEW -> Contingent Buyer Assistance Program
The most recent listings are still 14 days old and with 154 houses (ex-condos) for sale simple analytics can tell you price reductions are coming and planned for ROI is cratering
 
OCtoSV said:
The most recent listings are still 14 days old and with 154 houses (ex-condos) for sale simple analytics can tell you price reductions are coming and planned for ROI is cratering
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What should be normal numbers for these statistics? If there is no new listing in the last two weeks, does that imply limited supply? Isn't that in favor of flippers, as there is no listing competition?
 
YMMV said:
What should be normal numbers for these statistics? If there is no new listing in the last two weeks, does that imply limited supply? Isn't that in favor of flippers, as there is no listing competition?
Click to expand...
Inventory is higher in Newport than in Irvine with a lower population. Any house that sits longer than 10 days is priced too high and won’t get a full price offer. Nothing newer than 2 weeks old in Newport. Reality is FCBs want Irvine, not the renovated Port Steets houses built in 1971 with all white Andersen Elementary, and financed buyers can’t afford the asking prices.
 
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