Newport Beach Real Estate Report March 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: 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 178

Behind the Numbers

Average volume past 3 months 36

Prices on an upward trend expected to continue throughout this year

Volume  should pick up as the year progresses

nb det price and volume

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 50

Behind the Numbers

Average volume past 3 months 21

Prices  should continue to climb as the year progresses

Volume  should take off as the selling season hits

 nb attached price and volume

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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