Newport Beach CA Luxury Home Selling is Rebounding

224 Newport Beach homes were listed for sale as of April 25, 2012 – with average list price high over $3 million.

86 Newport Beach homes went into “pending” status with purchase and sale contracts during the past 30 days.

Market time – the time it would theoretically take to sell all Newport Beach homes at this rate of sale is now at 2.6 months – which is much faster than 4 months average same time one year ago.

273 Newport Beach homes have sold so far this year – as of April 29, 2013 – with average sold price of $1,409,909.

Same time last year January 1 to April 29, 2012 – 247 Newport Beach homes sold – with average sold price of $1,297,467.

Newport Beach distressed property market is very small, and only four homes now listed for sale are either short sales or REO after foreclosure.

Like all of Orange County, Newport Beach has seen a big drop in number of short sales.

Newport Beach luxury home owners with equity are seeing more buyers, low mortgage interest rates, and good opportunity to list and sell properties this year 2013.

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Source of information is CRMLS and ReportsOnHousing.com.

People ask us about listing and sale of Orange County CA homes and real estate. ~ 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.

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About Harrison K. Long

Professional real estate representative, real estate broker, GRI, Broker associate, HomeSmart Evergreen Realty, Orange County, California - CALBRE #01410855. Helping property owners, estate trustees, executors , administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - and people with their best decisions about real estate. Honored as "REALTOR® of the Year 2016" by the Orange County Associations of REALTORs®. Prior service on its board of directors for 2012-2014). California Association of Realtors, now serving on its board of directors. National Association of Realtors, member. Attorney member of the California State Bar Association #69137 - Contact by cell or text at 949-701-2515.
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