Newport Shores in Newport Beach, Market Update | March, 2012

By
Real Estate Agent with HÔM Sotheby's International Realty, BRE License 01501912

Newport Shores in Newport Beach is a highly sought after beach community in Newport Beach. Newport Shores has approximately 440 homes located on the west side of Newport Beach.  In Newport Shores, there are both single family homes and there are condos as well, and duplexes. Newport Shores is surrounded by a canal and there are canal front homes in Newport Shores on Canal Street, Canal Circle and 62nd Street in Newport Beach.

Newport Shores in Newport Beach

The community of Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach.

Currently, there are 6 active listings (one is a short sale - all others are standard sales) in Newport Shores in Newport Beach. One of the active listings is a Canal front property. There is one other active listing which is not in the MLS at 233 Canal Street being offered at $1,400,000.  There are two properties in back up status (one is a short sale), no pending sales and there were 2 sales last month in Newport Shores.

Newport Shores Market Report

Listings are up +1 since February, 2012
Back Up are the same since February, 2012
Solds are up +2 since February, 2012


February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

Market absorption is still considered a stable market, trending toward a seller's market in Newport Shores in Newport Beach.

Newport Shores Absorption rate

Search the MLS for Newport Shores homes for sale, and Newport Beach Real Estate.

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Originally posted at NewportBeachRealEstateCafe.com

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Topic:
ActiveRain Community
Location:
California Orange County Newport Beach Newport Shores
Groups:
Southern California Real Estate Forum
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Tags:
march 2012
newport shores market update
homes for sale in newport shores
newport shores in newport beach

Comments 7 New Comment

Rainmaker
1,151,534
Tony & Darcy Cannon
The C Team
Keller Williams Legacy

Sharown, That is a great market report!  Have a great weekend!

April 07, 2012 03:11 PM
Ambassador
1,756,855
Jeff Dowler CRS
Carlsbad CA Homes for Sale (760) 840-1360
Solutions Real Estate

Sharon

Newport Shores looks and sounds like a wonderful community, and it seems that the market is doing pretty well. This is the kind of information that buyers, and sellers, need. I could live on the canal!

Jeff

April 07, 2012 07:39 PM
Rainmaker
592,174
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Tahoe Real Estate Agent Helping Buyers and Sellers
Coldwell Banker, Tahoe City, CA (530) 414-1260

Sharon - Another great market report.  You really do put a lot of work into them.  Loved the photos!

April 07, 2012 09:46 PM
Rainmaker
1,196,910
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Sharon - Great presentation and market informatin for Newport Shores in Newport Beach.

April 08, 2012 07:30 PM
Ambassador
1,423,971
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Sharon  I ubderstand well the effort that goes into a marlet report like this one for Newport Shores.  Your area market knowledge is outstanding - buyers and sellers would be wise to seek your representation

April 09, 2012 06:01 AM
Rainmaker
649,892

Sharon Paxson

Newport Beach Real Estate - HOM Sotheby's Int'l Re
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