Newport Beach Weekly Housing Market Update

Posted by David Feldberg on Monday, November 16th, 2015 at 1:13pm.

Newport Beach Housing Market Update
For the week ending November 15th here are the housing numbers in Newport Beach.
29 new homes were listed for sale in Newport Beach last week with an average price of $2,350,000 and an average size of 2752 square feet.  Currently there are 304 homes for sale in Newport Beach and over the course of last week 25 dropped their price.  The largest price reduction in Newport Beach last week was 69 Cape Andover and was reduced by $300,000 bringing the new price to $3,999,000.
30 homes accepted offers and either moved to pending or back up offer status.  
Finally last week there were 15 homes that closed escrow with an average price of $1,995,767.  Newport Heights had two homes sold, 1 home sold on the Balboa Peninsula, 3 homes sold in the Eastbluff - Harbor View area, 5 were sold in the West bay and Santa Ana Heights areas and 4 homes sold in West Newport and Lido.
For more information on the Newport Beach real estate market, contact Newport Beach Realtor, David Feldberg. 

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