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

Newport Shores in Newport Beach | Homes for Sale in Newport Shores | Market Update | June, 2012

Newport Shores in Newport Beach is a beach community  which is located in Newport Beach. There are approximately 440 homes located on the west side of Newport Beach.  In Newport Shores, there are both single family homes,  condos, and duplexes. Newport Shores is surrounded by a Canal and there are canal front homes in Newport Shores on Canal Street, Canal Circle and 62nd Street in Newport Beach.

Newport Shores in Newport Beach

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

Currently, there are 4 active listings, 2 in back up, and there were 3 sales the month of June 2012.

Average price of homes sold in June, 2012 was $853,666 and an average price per square foot of $628.23. This was the first month since March, 2011 that a property located on the inside (not Canal front) sold for over $1,000.000.


Listings are down -1 since May, 2012

Back Up are the same since May, 2012
Pending Sales are down -2 since May, 2012
Solds are up +3 since May, 2012

Market absorption is still considered a seller’s market in Newport Shores in Newport Beach.

 

Absorption Rate, June, 2012
Newport Shores Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info is taken from CRMLS

Do Not Use Without Permission

 

 1

Month

3

Months 

6

Months 

12

Months 

Listings  4  4  4  4
Sold  3 5  8  17
Average Sold/Mo 3 2  1  1
Month’s

Inventory

1.3 2.4 3.0 2.8

 

Search the MLS for Newport Shores homes for sale in Newport Beach.

Price
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Baths
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Newport Shores in Newport Beach | Market Update | June, 2012
$1,375,000
3
BEDS
2
TOTAL BATHS
1,446
SQFT
215 Grant Street Newport Beach, CA 92663
Multi-Family For Sale
- Active

Welcome to 215 Grant! This newer beach home built in 2007 sits in the highly sought after neighborhood of Newport Shores. Located just a short walk to the beach with breathtaking views! As you enter you're greeted by an open floorplan with beautiful

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

 

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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.

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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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