Lido Island Homes for Sale in Newport Beach | Market Report June, 2012
Lido Island in Newport Beach is a highly sought after community of homes in Newport Beach which is actually an island. Access to Lido Island is via a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts.
The bayfront homes located on Lido Isle in Newport Beach have incredible views of Newport Harbor. Many of these homes do have slips, however, there are some that do not.
Currently, there are 29 active listings on Lido Island in Newport Beach, 2 in back up status, and 1 pending sale, and 7 sales for the month of June 2012. Of the sales in June, one was a short sale.
The average sales price for last month was $3,034,285 with an average price per square foot of $912.81. The average sales price for the past one year is $2,391,631 with a price per square foot of $812.65. The trend for sales price is increasing.
Listings are the the same since May 2012
Back Up is up +1 since May, 2012
Pending property is the same since May, 2012
Sold property up +5 since May, 2012
Inventory has remained consistent from the prior month, and the trend on Lido Island in Newport Beach. Regarding the absorption rate on Lido Island, one month is generally not a trend and there were 7 sales in June 2012, and now the three-month trend is 7.3 months which is a stable market.
|Absorption Rate, June, 2012|
|Lido Island Market Update|
Information Deemed Reliable but not Guaranteed
Courtesy of www.NewportBeachRealEstateCafe.com
Info taken from CRMLS
Do Not Use Without Permission
|Three Months||Six Months||
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