pearl coast properties

pearl coast properties

luxury homes

Newport Coast Neighborhoods and Market Update

The number of homes sold in the summer from July 1st to September 13th in Newport Coast:

2010: 51

2011: 34

2012: 44

(This data is from the CARET/MLS)

My bucket of buyers are still experiencing a low inventory.  Hopefully, 2011 was the bottom.  I am hearing from clients that banks are holding unto a portfolio homes to release as short sales until afer the Presidntial election in hopes that home prices will go up.

I have friends and clients asking about the location of neighborhoods in Newport Coast, please use the Newport Beach City's website: www6.city.newport-beach.ca.us/website/gis/pdf_maps/commassoc_11X17.pdf  

(Newport Coast is noted at "Q" through "T")

 

 

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