Newport Beach Housing Market Update - Sellers Market Under $700k

Newport Beach, CA, like many other areas at South Orange County, doesn't have enough homes now for sale at market price under $700k.

• Newport Beach now has 530 homes listed for sale at all price ranges.
• 460 of those homes are above $700k (86.7% of market)
• 70 of those homes for sale are price under $700k (13.2% of market)
• 16 Newport Beach homes under $700k sold during the past 30 days.
• 38 homes under $700k are now in pending and under purchase contract.

Market time for Newport Beach homes under $700k is less than two months, so it's a seller's market in this range.

 

Search like an agent for Newport Beach homes and properties - Click here for free link.

 

________________

Harrison K. Long, Realtor & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  ExploreProperties@gmail.com.  Lawyer member of the California State Bar Association - State Bar number 69137.  National Association of Realtors, California Association of Realtors, and Orange County Association of Realtors.  Now serving as Chairperson of Local Government Relations south committee at OCAR.   

Newport Beach and Irvine area Realtor.  Orange County real estate broker agent and property information resource. 

 

 

.

 

 

 

 

 

 

 

Posted via email from Explore OC Homes