Newport Beach Real Estate News – Newport Beach Market Report
Newport Beach real estate has come a long way since it began in 1906. Back then, bayfront houses sold for as little as $500. Today, homes in this area are priced in the millions of dollars as the area is considered prime, Pacific Coast property. Areas of Newport Beach include Corona Del Mar, Balboa Island, Lido, Newport Coast, San Joaquin Hills and Balboa Peninsula.
For those looking for a home along Orange County’s Gold Coast, Newport Beach real estate offers choices for a variety of homebuyers. Luxury homes on the sand, bayside estates with yacht slips, elegant town homes on the golf course are all possibilities in Newport Beach.
The real estate market in Newport Beach is enhanced by a variety of environmental, recreational, cultural and shopping opportunities. The Back Bay is a nature preserve; Catalina Island is just a short catamaran ride away on the Catalina Flyer; the Balboa Fun Zone features a ferris wheel and other amusements as well as shopping and restaurants. Shopping at nearby Fashion Island is an experience in itself, and nearby Costa Mesa includes a world renowned theatre and music complex.
Below is the current Newport Beach Real Estate News:
Although it is still a buyers’ market in Newport Beach, the months of inventory is less than a few months ago. This is different from nearby cities which have seen an increase inventory over the past few months.
For more information on the value of a particular home please visit Newport Beach home values
Please contact Christine Donovan at 714.319.9751 to discuss buying and selling homes in Newport Beach.
See below for homes for sale in Newport Beach in real time.
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For home market reports in nearby cities, please see below.