For the week ending on 2/8/15 there were 34 homes that were listed for sale in Newport Beach. The total value of real estate listed was $81,733,688 with an average price of $2,335,248. The lowest price home listed for sale was 1408 Clay St in Newport Heights. This is a 1 bedroom 1 bath condo is nicely upgraded and is large for it being a one bedroom at 1026 square feet. The most expensive home listed for sale in Newport Beach last week was 304 Morning Star in Dover Shores. Listed for $6,995,000 this 3 bedroom 4.5 bath 4200 square foot home is stunning and located on the water with over 100 feet of harbor frontage. There is also a dock large enough to park a 70', 40' and 24' yacht.
Also last week 6 homes closed escrow. The average percentage of list price received on these homes was 89.83%! What that means is a fair amount of homes in Newport right now are priced a little too high. There were two homes that sold at 97% and 96% of list last week and there were also two that sold at 84% and 85% of list price. When buying in this market its important to know how much to bid, and just as important when selling your home where to price your home so that it sells without you doing major price cuts.
I didn't know any realtors servicing Orange County, so I viewed several of them online. David Feldberg of Coastal Real estate was the only realtor who contacted me the same day. I have always been skeptical, so I told him I would "think about" listing with him. After conducting thorough research, I realized the aggressive approach he described (via telephone) would be the best way to sell my house. Two days later, I called David back, and he met me at the house. He put my family at ease by describing his process and fully addressing our questions. He had the professional photographer on scene a few days later, and my house was listed before I could blink. Thereafter, I could not find a single website featuring local properties that did not include my listing. I am the type of person who takes a "hands on" approach, so I expected to be pushing my realtor every step of the way. I texted and called David with questions at least 30 times while the house was listed. The longest time I waited for his response was 7 (SEVEN) minutes. The vast majority of his responses were IMMEDIATE. David was always several steps ahead of me, so I learned to let him take the reigns. My property may have been difficult for mainstream realtors to sell because there were no similar properties sold in the area. David overcame this potential obstacle by holding an open house ALL THREE WEEKENDS that passed before a reasonable offer was made. That's right,... my house was sold within a month, and closed 30 days later. This was the fourth property I have sold over many years. The first three experiences were riddled with problems and delays. The undisputable difference between those experiences and this one was that DAVID TREATED THE SALE OF MY HOUSE AS IF IT WERE HIS OWN. Be the next person to make your real estate experience a true pleasure. Go with Coastal Real Estate Group!! - Steven L.