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.

About Harrison K. Long

Harrison K. Long, Businessman, Professional real estate representative, Realtor, GRI. Broker associate, HomeSmart Evergreen Realty, Orange County, California - CALBRE 01410855 - Providing best customer service experience for property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate. Orange County Association of REALTORs (prior service on its board of directors); California Association of Realtors (serving on its board of directors). National Association of Realtors. Also an attorney member of the California State Bar Association #69137. Contact us by cell or text at 949-701-2515
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