Newport Beach CA Homeowners With Solid 10.2 Percent Average Annual Home Value Increases

Newport Beach CA is an amazing and beautiful city – cherished by residents, tourists, travelers, and business people.

Its homeowners have also enjoyed solid property property increases during the past 13 years.

234 Newport Beach homes have sold during the second quarter this year from July 1 to September 30,2013 – with average sold price of $1,646,747 – and average interior size of 2,325 SF.

296 Newport Beach homes sold during that same time 13 years ago – from July 1 to September 30, 2000 – with average sold price of $705,712 – and average interior size of 1,939 SF.

So Newport Beach average home selling prices have gone up $941,035 during that time – which is a price increase of 133 percent over the 13 years – or an average annual selling price increase of 10.2 percent during that time.

Newport Beach had fewer distressed properties and foreclosures than other areas of Orange County during the housing slump from 2007 to 2011 – and real estate values remain stable at Newport Beach and less volatile than other areas.

Newport Beach has been good for home buyers and owners who expect to protect and grow their property values.

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By Harrison K. Long – Professional real estate representative and Realtor, Coldwell Banker Previews, Newport Beach and Orange County, CA – CA BRE 01410855  – Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.

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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