What Newport Beach Home Sellers Should Know

 

Newport Beach has some of the most gorgeous and glamorous homes in Orange County and Southern California, and home owner/sellers are highly educated and sophisticated. 

Newport Beach home sellers need to know about the current homes sold market there and what to expect.

As professional Realtor agents, we provide information for Newport Beach home owner/sellers, including market snapshots about every thirty days. 

See Harbor View home listings at Newport Beach - see active link

Newport Beach has 520 homes now listed for sale, and average list price is $2,284,612, with average time on market of 132 days. 

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 144 homes were resold at Newport Beach during the first quarter this year 2011, with average sold price of $1,373,958.

So the average sold price for Newport Beach homes this year has been $911,000 lower than average asking price for homes listed there.

During this same first quarter last year 2010, 158 Newport Beach homes were resold with average sold price of $1,315,963.  So the average Newport Beach home sold price went up 4.4% this year as compared to last.  However, number of home sales were down this year from 158 to 144 in first quarter, an 8.8% drop in homes sold.

See Big Canyon Newport Beach home listings - click here for active link

Newport Beach owner/sellers should take a good look and learn real facts on market information and compare sold homes in their neighborhoods. 

Sellers should know the facts and be realistic about what to expect on the home selling market, then use strategy to get the best price.

Perhaps the most important strategy for home selling at Newport Beach is to use local market facts and trends and list the property at a realistic price for selling. 

Newport Beach owner/sellers should be careful not to list their homes at a price that helps them feel good.  If sellers truly want and need to sell their home, they should list at a price close to range where the property will actually sell. 

 

A Newport Beach home for sale listing price should be in the same range as others sold in the local neighborhood during the past 30 to 90 days. 

Please contact us with your questions about Newport Beach real estate and this home selling strategy. 

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Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - 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® - also now serving as director at California Association of REALTORs®.

            

Contact us with your questions about real estate, listing and selling of homes and properties at Newport Beach and Orange County, California. 

Posted via email from Explore OC Homes