Newport Beach CA Real Estate Update Shows Good Opportunities
Newport Beach CA is one of the most sought-after cities for California residential living and investment.
Newport can boast of having some of the most expensive homes for sale listings anywhere.
69 Newport Beach homes sold during October 2013 this year – with average sold price at $1,729,482 – including single family and condo homes. Average interior size of the sold homes was 2,750 sf.
The most expensive Newport Beach home sold during October this year was on Balboa Island at 1604 S. Bay Front with selling price of $11,000,000.
The most affordable Newport Beach home during October this year was a studio on Cagney Lane for $181,000.
95 Newport Beach homes sold same time last year during October 2012 – with average sold price of $1,599,197. So home selling numbers were down during this year for October 2013 at Newport Beach – while home sold prices were up.
Newport Beach has 299 homes now listed for sale – with lots of excellent opportunities for buyers – and continuing with solid selling prices expected for the sellers.
By Harrison K. Long – Professional real estate representative and Realtor, Coldwell Banker Residential Brokerage, 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.