Newport Shores in Newport Beach | Market Update | January, 2013
Newport Shores in Newport Beach is a beach community which is located on the west side of Newport Beach. There are approximately 440 homes which are located on the west side of Newport Beach. Living in Newport Shores provides a wonderful beach lifestyle. There are single family homes, condos, and duplexes in Newport Shores. The Army Corp of Engineers has begun dredging the Newport Shores Canal and the dredging continues.It is going to be so nice, and the water will be so clear. The residents cannot wait for this job to be completed, but it is interesting just the same to watch!
The community of Newport Shores has a community pool, tennis court, basketball court, sand volleyball court and clubhouse, for the residents of Newport Shores in Newport Beach.
Currently, there are 1 active listings, and 1 in back up, 0 pending and 0 sales, and 1 on hold in January, 2013.
Average price of sold homes over past one year was $934,861 with a price per square foot of $598.63. The highest priced sale in Newport Shores in the past one year sold for $1,400,000 on the Canal on 62nd Street. The highest priced home sold on the interior in Newport Shores was $1,030,000.
Median price for the past one year is $834,500 and a price per square foot of $580.85.
1 Active Listings compared to 0 in December, 2012 – up +1
1 Back Up compared to 2 back up in December, 2012 – down -1
0 Pending Sales compared to 0 pending in December, 2012 – the same
0 Solds compared to 3 sales in December, 2012 – down -3
Inventory is incredibly low, and if you are with the pent up buyer demand, why not list your Newport Beach home now to avoid the spring rush.
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Previous months Newport Shores market reports:
September, 2012, Market Report
August, 2012 Market Report
July, 201 2 Market Report
June, 2012, Market Report
May, 2012 Market Report
April, 2012 Market Report
March, 2012 Market Report
February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report
Market absorption is still considered a seller’s market in Newport Shores in Newport Beach. There are no active listings at this time.
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