REO Property for Sale in Newport Beach | Bank Owned Homes for Sale in Newport BeachNewport Beach REO home buyers often face the challenge of competing with multiple offers on the properties. This is not only happening with REO property but with traditional sales as well. Especially during this time, because there is such limited inventory in general. Also, Newport Beach REO or bank owned home buyers are competing with cash buyers when making an offer on the home. The average sales price over the past one year is $743,731 and a price per square foot of $391.09. Comparison from prior month is below. 2 active listings compared to 2 active in November, 2012 - the same 2 back up listing compared to 0 back up in November, 2012 - down -2 2 pending listings compared to 4 pending in November, 2012 - down -2 3 sold listings compared to 2 sold in November, 2012 - up +1 Market absorption rate is declining with the decrease in inventory. November, 2012 October, 2012 September, 2012 August, 2012 July, 2012 June, 2012 May, 2012 April, 2012 March, 2012 February, 2012 January, 2012 Search the MLS for Newport Beach REO property, and Newport Beach homes for sale.
$1,690,000 : 3811 River Avenue, Newport Beach3 beds, 1 full, 1 three-quarter, 1 half baths
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(all data current as of 12/8/2016)
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