Newport Beach Real Estate Market UpdatePosted by Vincent Bindi on Friday, April 13th, 2012 at 9:29am.
This Market Update report is all real estate currently active for sale and properties sold in the recent past for Newport Beach . This market report is brought to you by the professional realtors at eVantage Real Estate here in Orange County, CA. Currently there are 286 detached single family homes listed for sale, and these properties have median price of $2,125,000 and an average price per square foot of $714 . These properties range in price from a low of $574,000 for a 3 bedroom, 2 bath, 1,439 square foot home located subdivision called 0 . The maximum price of homes currently listed for sale is $4,990,000 for a fine estate boasting of 4 bedrooms, 4 baths, with 3,257 square feet of living area, and is situated in the Linda Isle Neighborhood.
For homes now pending in contract in Newport Beach there are 93 detached homes in escrow, which have a median price of $1,465,000 . These properties range in price from a low of $525,000 for a 2 bedroom, 2 bath, 1,223 square foot property located in the Bayview Terrace Area. The maximum price is $4,375,000 for a fine property incorporating 4 bedrooms, 4 baths, with an expansive 2,600 square feet of living area, located in the Balboa Peninsula Neighborhood.
For Sold home in the past 3 months, there were 110 detached properties that closed escrow in Newport Beach . These sold homes had a median price of $1,350,000 with an average price per square foot of $553 . These sold homes ranged in value from a low price of $40,000 for a detached home with 2 bedrooms, and 1 baths, incorporating 620 square feet, located in the 0 Subdivision. And a maximum price of $8,000,000 for an estate property comprising of 5 bedrooms, 5 baths, and a spacious 3,300 square feet located in the Balboa Peninsula Point Community.
For more info about homes or condominiums for sale in Newport Beach , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com .
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