Explore Properties at Southern California: Newport Beach Real Estate

Newport Beach real estate - Home Sales and Lease Values update - February 2011

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691 Newport Beach homes were sold during 2010.

Average sold price was $1,417,530
Average interior size was 2,232 SF
Average time on market was 131 days
94 of those sold were short sales (13.6% of market)
61 of those sold homes were REO

604 Newport Beach homes were leased during 2010.

Average leased price was $3,593 per month
Average annual lease cost was $43,116
Average cost of annual lease was 3% of average cost of sold Newport Beach home during 2010
Average interior size was 1763 SF
Average time on market of 51 days

At the end of the January, 2011 @ Newport Beach

139 Newport Beach homes were listed for lease
Average list price was $5,421 per month
So average annual lease list price was $65,052
Newport Beach owners asking 50% more money at for lease listing than average completed lease price
Average time on market of 114 days

See Newport Heights single family home listings - click here for active link

See Baycrest homes listings at Newport Beach - click here for link

See Balboa Peninsula listings - click here for link

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This is for information only and data from Southern California Multiple Listing Service, which does not include FSBO, new homes sales by the builders, and homes sold at trustee auction sales at end of foreclosure.

If you are interested to sell, buy, or invest in homes and real estate at Newport Beach and Orange County, California, please contact me. Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, Coldwell Banker Residential Brokerage- 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs®.