Newport Beach Real Estate Report April 2013

Newport Beach Real Estate Report

Newport Beach Real Estate at a Glance:   The diverse areas of Newport are all seeing strong demand and steady price appreciation. This should continue as we hit the prime summer selling season.

South Orange County Real Estate General Economic Conditions: Low inventory continues to make this a tough market for buyer and a great market for sellers. The record low interest rates and decreasing demand as you move up in property price makes this the ideal time for move up buyers.

Detached Homes

Current Active Inventory 152

Behind the Numbers

Average volume past 3 months 35

Prices on an upward trend expected to continue throughout this year

Volume  should pick up as the year progresses

newport det price newport det vol

What this means for

Buyers – while there are a lot of homes on the market in Newport Beach they are spread over a large price range so buyers need to act quick to get the best homes in their price range. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market and find the best home for you.

Sellers –  Prices have stabilized and volume remains steady but the available inventory is very high so you really need to have your house well prepared for sale, priced right and make sure the marketing is on point so you can get the attention that generates offers. Once your home is on the market an active approach must be taken to acquire feedback and make adjustments as necessary. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 57

Behind the Numbers

Average volume past 3 months 24

Prices  should continue to climb as the year progresses

Volume  should take off as the selling season hits

 newport att vol newport att price

What this means for

Buyers – the better properties are selling quickly so be prepared to move quick to get one. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers – Priced right, well marketed homes are moving quickly. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

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