Price reduction Newport Beach Home

By
Real Estate Agent with Abrams Coastal Properties

These days you will see price reductions in Newport beach like never before! Do you know that in Newport Beach today more than 30% of the homes for sale have had a price reduction?

centerReal Estate Market Chart by Altos Research www.altosresearch.com

The good news is that a year ago it was over 40%. Price per square foot has continuously been dropping, Today the average square foot of listed homes is $652.00 a foot. Days on market are rising and so is the inventory. These are signs of a weakening market.

Lucky for me I have realistic sellers and they listen when I advice on price. Presently I have an incredible listing in Dover Shores, a very desirable community in Newport Beach. This home has so many amenities it's hard to list. Some of my favorite are the u shape floor plan that surrounds the tropical backyard, all the windows through out that make the house light and bright , and access to 3 private beaches.

We recently had a price reduction to $2,599,000! This is a must see home. Open Sunday from 1-4pm! Don't miss it!

500 Morning Star

 


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Topic:
ActiveRain Community
Location:
California Orange County Newport Beach Dover Shores
Groups:
Selling Soulfully
Tags:
newport beach price reductions
dover shores
newport beach inventory

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Mary Campbell

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