Newport Beach Home Resale Market November 2010 Update

By
Real Estate Sales Representative with Coldwell Banker Previews, Irvine, South OC

Newport Beach homes sold Nov. 2010 

Newport Beach has for years been one of the most interesting and beautiful places to buy a home and live in Southern California.

November 2010 Newport Beach housing market showed softening.

48 Newport Beach homes were sold during November 2010.

Average sold price for those Newport Beach homes during November 2010 was $1,119,516, and average sold price last month during October 2010 was $1,408,643.

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There are 487 Newport Beach homes now active listed for resale

  • Average home list price is now $2,304,992
  • Average sold price during November 2010 was $1,119,516
  • Average sold price in October 2010 was $1,408,643
  • Some owner/sellers remain nostalgic about pricing. 

Newport Beach housing market

Last year during November 2009, 62 homes were sold at Newport Beach, and average sold price then was $1,431,104. Newport Beach homes sold Nov. 2009

So the sold prices this year during November 2010 declined as compared with November 2009.

With 487 homes now for sale on the Newport Beach market, and only 48 homes sold during November, it would theortically take about 11 months for the market to sell all homes now listed.

Market trend at Newport Beach homes now favors buyers.

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See Eastbluff home for sale listings - click here for active link

See Harbor View homes now for sale - click here for active link

See Newport Heights homes now for sale - click here for active link

__________________________________________________________________________

Harrison K. Long - Business Solutions and Advisory- REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855

www.LiveAtNewportBeach.com  -      www.OCPropertyNews.com  -  www.CostaMesaLive.com  -  www.Irvine-homevalues.com  -  www.NewportCoastLive.com   -  www.CoastLivinghomes.com  -  www.OCHomeValueGuide.comwww.LiveAtIrvine.com  -  www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com  

"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  -  We list and sell Newport Beach homes and properties.  Thanks for contacting us.

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Rainmaker
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Team Honeycutt
Allen Tate - Concord, NC

Thanks for sharing your statistics with us. It ia always great to be able to compare to ours.

Dec 11, 2010 02:02 PM #1
Rainmaker
481,084
Harrison K. Long
Coldwell Banker Previews, Irvine, South OC - Irvine, CA
business, REALTOR , GRI, Broker

Thanks, Team Honeycutt, for the support about our local market posts for Newport Beach and areas of South Orange County.

Dec 11, 2010 02:16 PM #2
Rainmaker
723,582
Sharon Paxson
HÔM Sotheby's International Realty, BRE License 01501912 - Newport Beach, CA
Newport Beach Real Estate - HOM Sotheby's Int'l Re

Hi Harrison - great report, and I agree it does favor buyers particularly with the interest rates.

Dec 11, 2010 06:49 PM #3
Rainmaker
481,084
Harrison K. Long
Coldwell Banker Previews, Irvine, South OC - Irvine, CA
business, REALTOR , GRI, Broker

Hi Sharon ... Thanks for your support for our local home resale market reports at Newport Beach, and best to you.

Dec 12, 2010 10:26 AM #4
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Rainmaker
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Harrison K. Long

business, REALTOR , GRI, Broker
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