Newport Shores Homes for Sale in Newport Beach | Market Update for April, 2015
Newport Shores in Newport Beach is a highly sought after 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 very desirable community and affords a beach lifestyle in Newport Beach.
Newport Shores is surrounded by a Canal and the streets are Canal Street, Canal Circle, and 62nd Street. The residents utilizing the canal by stand up paddle boarding, kayaking, and paddling.
Newport Shores is located in the 92663 zip code.
There are 2 active listings, and 1 in back up, 0 pending and 1 sales in April, 2015.
Average price of sold homes over past one year was $1,304,900 with a price per square foot of $746.63.
Median price for the past one year is $1,295,000 and a price per square foot of $741.14.
The average days on market is 131 days.
The absorption rate is as follows, and is favoring a strong sellers market with the low number of active listings. Market absorption is still considered a seller’s market in Newport Shores in Newport Beach.
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