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Newport Beach Real Estate Market Update

This Market Update report is all real estate currently active for sale and properties sold in the recent past for Newport Beach.

. Currently there are 367 detached single family homes listed for sale, and these properties have median price of $1,990,000 and an average price per square foot of $618 . These properties range in price from a low of $269,000 for a 2 bedroom, 2 bath, 998 square foot home located subdivision called Cannery Village Mobile Park .

 The maximum price of homes currently listed for sale is $95,000,000 for a fine estate boasting of 8 bedrooms, 14 baths, with 29,000 square feet of living area, and is situated in the Back Bay Custom Homes area.

For condominiums, there are now 166 units active for sale in Newport Beach . The median price of these condos is $859,000 and the average price per square foot is $647 . These condominiums range in price from a low of $239,000 for a unit comprising of 1 bedroom, 1 bath, 502 square foot, that is found in the Versailles Tract. Up to a maximum price of $2,950,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 3,508 square feet found in the Harbor Ridge Estates.

For homes now pending in contract in Newport Beach there are 87 detached homes in escrow, which have a median price of $1,490,000 . These properties range in price from a low of $550,000 for a 3 bedroom, 2 bath, 1,600 square foot property located in the Back Bay Anniversary Homes. The maximum price is $9,950,000 for a fine property incorporating 5 bedrooms, 7 baths, with an expansive 6,150 square feet of living area, located in the Lido Island.

There are 57 Condo units now pending in escrow in Newport Beach , that have a median price of $474,500 . These units range in price from $295,000 for a 2 bedroom, 3 bath, 1,157 square foot condominium, situated in the Newport Terrace Subdivision. On up to a high price of $1,995,000 for a fine condo comprised of 3 bedrooms, and 3 baths, with 2,700 square feet, found in the Harbor Ridge Estates.

For Sold home in the past 3 months, there were 85 detached properties that closed escrow in Newport Beach . These sold homes had a median price of $1,275,000 with an average price per square foot of $572 . These sold homes ranged in value from a low price of $142,000 for a detached home with 2 bedrooms, and 1 baths, incorporating 1,000 square feet, located in the Lido Park Subdivision. And a maximum price of $5,550,000 for an estate property comprising of 5 bedrooms, 6 baths, and a spacious 2,979 square feet located in Balboa Island.

For attached Condos Sold in the past 3 Months, there were 52 such units that succesfully closed escrow in Newport Beach , California. The median price of these attached units was $550,000 with an average price per square foot of $455 . These sold condominiums ranged in price from a low of $260,000 for a 1 bedroom, 1 bath, 493 square foot unit found in the Versailles condo Tract. The maximum priced sold condo was $1,900,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 1,864 square feet found in the Lido Building.

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Posted via web from The Newport Beach Lifestyle

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