Newport Shores in Newport Beach | February, 2012 | Market Update

Newport Shores in Newport Beach is a highly sought after beach community in Newport Beach. Newport Shores has approximately 440 homes located on the west side of Newport Beach.  In Newport Shores, there are both single family homes and there are condos, and duplexes as well. Newport Shores is surrounded by a canal and there are canal front homes in Newport Shores.

Newport Shores in Newport Beach

The community of Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach.

Currently, there are 5 active listings (one is a short sale – all others are standard sales) in Newport Shores in Newport Beachand there is one other active listing which is not in the MLS at 233 Canal Street being offered at $1,400,000.  There are two properties in back up status and there were no sales in the past month.

Listings are up +1 January, 2012
Solds are up +1 since January, 2012
Janaury, 2012 Market Report
December, 2011 Market Report

Market absorption is still considered a buyers market in Newport Shores in Newport Beach.

There continues to be limited inventory in Newport Shores in Newport Beach so, in my opinion, it will continue to be a seller’s market.

Regarding the 16 sales over the past year, 4 were REO sales, and 3 were short sales. The other 9 were standard sales. Also, another important note is that only two of all the sales in the past year were over one million dollars. One closed on the inside (not Canal Front) in Newport Shores in April for $1,050,000 – this property had a larger lot than most in Newport Shores. The other property sold on 62nd Street (Canal Front) in September 2011 for 1,135,000.

Search the MLS for Newport Shores homes for sale, and Newport Beach Real Estate.

 

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with Compass and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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