Newport Beach CA Home Prices and Selling Market Update
Newport Beach CA home prices and selling market update shows continued moderation of home sales and price increases.
Newport continues to be one of the most sought-after cities for home buying and Orange County CA residential living and investment.
66 Newport Beach homes sold last month during November 2013 this year – with average sold price of $1,863,110 – and average time on market was 109 days.
69 Newport Beach homes sold during October 2013 this year – with average sold price at $1,729,482 – and average time on market was 84 days.
89 Newport Beach homes sold last year during November 2012 – with average sold price of $1,399,273 – and average time on market was 103 days.
So Newport Beach home selling numbers were down this year for November 2013 – while sold prices were up.
Newport Beach home selling covers a wide range of property and price. The most expensive Newport Beach home sold during November this year was a Peninsula Point home at 1509 E. Bay – with sold price of $9,900,000. The most affordable Newport Beach home during November this year was a condo at 4 Nomad – with sold price of $232,500.
Newport Beach has 275 homes now listed for sale – with excellent opportunities and choices for buyers and continuing with high selling prices for the sellers.
By Harrison K. Long – Professional real estate representative and Realtor, Coldwell Banker Residential Brokerage, Newport Beach and Orange County, CA – CAL BRE 01410855. Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.