Newport Shores in Newport Beach | Market Update | August, 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 highly sought after beach lifestyle. The Army Corp of Engineers has completed the dredging the Newport Shores Canal. It is so nice to see the residents enjoying the beautiful canal with the much clearer and deeper water. It is now common to see the residents utilizing the canal by stand up paddle boarding, kayaking, and paddling.
The Newport Shores community has a community pool, basketball court, tennis court, sand volleyball court and clubhouse, for the residents of Newport Shores in Newport Beach.
Currently, there are 5 active listings, and 2 in back up, 2 pending and 3 sales in August 2013.
The average price of sold homes over past one year was $1,021,738 with a price per square foot of $626.77.
The median price for the past one year is $1,030,000 and a price per square foot of $612.76.
The absorption rate is as follows, and is favoring a strong seller’s market with the low number of active listings.
Buyers are looking in Newport Shores, consider selling your Newport Beach home now.
For the complimentary and no-obligation market analysis, please contact me.
Market absorption is still considered a stable market in Newport Shores in Newport Beach.
Search the MLS for all Newport Shores homes for sale.
