Newport Beach Real Estate Market Report

Newport Beach, California has over 73,000 residents.

Single Family Homes
As of today, there are 171 single family homes for sale in Newport Beach
There is a 3 bedroom, 2 bath home with a single car garage for $284,000 but it has a “Land Lease” of $1150 per month extra that you have to pay to live there.

The highest priced home? It’s a tie at $17,500,000…well sort of. I guess we will have to win the lottery to buy one of these. Both homes are on the same street Linda Isle in Newport Beach (map). The first home features 4 bedrooms, 5.50 baths with great ocean views.

The second home is 4 bedrooms, 5 baths and over 5500 square feet with ocean views too…they are accepting offers between $12,000,000 to $17,5000,000. Why such a big gap? I guess they are trying to find buyers within that range to look at their home. It is a different type of price marketing.

If you know anyone for these home, I’m sure our buyer specialists will be happy to help them.

Condos Galore?
There are 115 condos for sale today. The lowest priced condo in Newport is a 1 bedroom, 1 bath condo with 549 square feet for $325,000. And the highest priced condo is a 4 bedroom, 4.5 bath home for $2,975,000.

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