Newport Beach CA Home Prices and Selling Market Update
By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
Newport Beach CA home prices and selling market update shows continued moderation of home sales and that homes are on the market longer prior to sale. Newport continues to be one of the most sought-after cities for home buying and Orange County CA residential living and investment. 66 Newport Beach homes sold last month during November 2013 this year - with average sold price of $1,863,110 - and average time on market was 109 days. 69 Newport Beach homes sold during October 2013 this year - with average sold price at $1,729,482 - and average time on market was 84 days. 89 Newport Beach homes sold last year during November 2012 - with average sold price of $1,399,273 - and average time on market was 103 days. So Newport Beach home selling numbers were down this year for November 2...
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