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

Newport Shores in Newport Beach is a beach community  which is located on the west side of Newport Beach. There are approximately 440 homes located on the west side of Newport Beach.   There are both single family homes,  condos, and duplexes in Newport Shores.  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 volley ball court and basketball court for the residents of Newport Shores in Newport Beach.

Currently, there are 5 active listings, 2 in back up (one short sale), and there were 2 sales the month of July, 2012.

Average price of homes sold in July, 2012 was $1,110,000 and an average price per square foot of $488.28. One of the sales was on 62nd treet and sold for $1,400,000.

Average price of sold homes over past one year was $786,323 with a price per square foot of $531.37.

Listings are up +1 since June, 2012
Back Up are the same since June, 2012
Pending Sales are the same since June, 2012
Solds are the same since June, 2012

Previous months Newport Shores market reports:

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.

 

Absorption Rate, July, 2012
Newport Shores Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info taken from CRMLS

Do Not Use Without Permission

 

 1

Month

3Months  6Months 

12

Months 

Listings  5 5 5 5
Sold  2 5 9  17
AverageSold/Mo 2 2  3  6
Month’sInventory 1.0 1.3 1.7 .9

 

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

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