Newport Beach CA Real Estate Shows Positive Home Selling Territory

Newport Beach CA Real Estate Shows Positive Home Selling Territory

Balboa Peninsula beach

Newport Beach is moving in a positive direction with home selling this year at Orange County CA real estate. Newport Beach homes and properties

258 Newport Beach homes are listed for sale as of today – May 30, 2013 – with average list price at above over $3 million.

87 Newport Beach homes went into pending sale status during the past 30 days.

So average market time that it would take to sell all Newport Beach homes at this rate is 2.8 months – which is faster than 4 months average same time one year ago.

Newport Beach Homes Sold so far This Year

380 Newport Beach homes have sold so far this year – as of May 30, 2013, according to CRMLS – with average sold price of $1,530,505.

The big difference between average sold price and average list price at Newport Beach is the result of so many homes sold in the buyer sweet spot of under $1 million.

Home sellers at Newport Beach asking more than $3 million still need to be very patient.

Highest sale so far this year at Newport Beach was $17,500,000 at 27 Harbor Island Drive.

Comparison to last year Newport Beach sales

During same time last year January 1 to May 30, 2012 – 336 Newport Beach homes sold – with average sold price of $1,283,908.

So Newport Beach average home selling price is up more than 19 percent this year as compared with 2012.

Distressed Properties

Newport Beach doesn’t have many distresed properties either recently sold or now on the market.  Only 4 Newport homes now listed for sale are either short sales or REO after foreclosure.

What Newport Beach home sellers are seeing

Newport Beach home owners with equity are seeing lots more buyers this year.  Markets still offer low mortgage interest rates for buyers.  Now during 2013 is to be a great opportunity time for Newport Beach home sellers.

Source of information is CRMLS and
Harrison K. Long – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage949-854-7747 (phone) – – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Irvine and Orange County, CA.

Contact us about selling your home

People ask us for a free market evaluation and information on process of listing and selling Newport Beach and Orange County CA homes.

About Harrison K. Long

Real estate and business attorney. CA State Bar Association attorney member #69137. Professional real estate representative, REALTOR®, GRI, Real estate broker, CALBRE #01410855. Broker associate, HomeSmart Evergreen Realty, Irvine, CA. Providing real estate legal information and services for property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with their best decisions about homes and real estate. Orange County REALTORs® (member and prior service on its board of directors). "Realtor of the Year 2016" award by the Orange County REALTORs®. California Association of REALTORs® (now serving on its board of directors). National Association of REALTORs® member. Contact by cell or or text at 949-701-2515.
This entry was posted in Home selling, Home selling strategy, Newport Beach, Newport Beach home values, Newport Beach housing market, Newport Beach real estate, Newport Coast CA and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply