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Sharon Paxson's Blog

By Sharon Paxson | Agent in Newport Beach, CA

Newport Shores Market Report | June, 2012

Newport Shores in Newport Beach | Homes for Sale in Newport Shores | Market Update | June, 2012

Newport Shores in Newport Beach is a beach community  which is located in Newport Beach. There are approximately 440 homes located on the west side of Newport Beach.  In Newport Shores, there are both single family homes,  condos, and duplexes. Newport Shores is surrounded by a Canal and there are canal front homes in Newport Shores on Canal Street, Canal Circle and 62nd Street in Newport Beach.

Newport Shores in Newport Beach

The community of Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach.

Currently, there are 4 active listings, 2 in back up, and there were 3 sales the month of June, 2012.

Average price of homes sold in June, 2012 was $853,666 and an average price per square foot of $628.23. This was the first month since March, 2011 that a property located on the inside (not Canal front) sold for over $1,000.000.


Listings are down -1 since May, 2012

Back Up are the same since May, 2012
Pending Sales are down -2 since May, 2012
Solds are up +3 since May, 2012

Previous months Newport Shores market reports:

May, 2012 Market Report
April, 2012 Market Report
March, 2012 Market Report
February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

Market absorption is still considered a seller's market in Newport Shores in Newport Beach.

 

Absorption Rate, June, 2012
Newport Shores Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info taken from CRMLS

Do Not Use Without Permission

 

 1

Month

3

Months 

6

Months 

12

Months 

Listings 4 4 4 4
Sold 35 8 17
AverageSold/Mo32 1 1

Month's

Inventory

1.32.43.02.8

 

Search the MLS for Newport Shores homes for sale in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

Comments

By Renee Burrows,  Tue Jul 17 2012, 10:07
This is my absolutely favorite Newport Beach community!

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