Newport Beach Real Estate Report Feb 2013

Newport Beach Real Estate Report

Newport Beach Real Estate at a Glance:   Newport Beach Real Estate has a lot of homes on the market, but those homes are spread over a large price range so buyers still have to move quick to get the best of what is out there in their price range. Pricing, Marketing and condition are all key to a successful sale.

South Orange County Real Estate General Economic Conditions: South Orange County Continues the trend of very low inventory creating short sales cycles for sellers. Today it is typical for a appropriately priced and well marketed home to be in escrow in a week. Prices continue to slowly move up as record low rates keep buyers demand high.

Detached Homes

Current Active Inventory 221

Behind the Numbers

Average volume past 3 months 67

Prices general uptick for the year

Volume  slight fall off for the holiday season but should pick back up in the next few weeks

Newport Beach Real Estate Sales Volume detached homes Newport Beach Real Estate Prices detached homes

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 67

Behind the Numbers

Average volume past 3 months 27

Prices  on a upswing trend for the year

Volume  fall off for the holiday season, should pick back up over the next few weeks

Newport Beach real estate prices attached homes newport beach real estate volume

What this means for

Buyers – attached Newport Beach homes for sale inventory is higher than the average monthly volume so buyers should find a number of options to choose from. 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 – The inventory is high for the average monthly demand so you need to have your home ready for sell, priced correctly and the marketing has to be on point to beat out the competition. 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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Providing the highest level of personal service in South Orange County Real Estate. Helping buyers and sellers in the 949 since 1999! Google

Posted in for buyers, for sellers, Newport Beach Real Estate, OC real estate
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