Community with some of the most beautiful and pleasant weather, homes and beaches, in all of Southern California.
Local Housing Market Report ~
May 2009 activity ~ seeing signs of improvement as compared to May 2008.
Number of Homes listed for sale during May 2009 ~ 133 homes
Average list price during May 2009 ~ $2,200,615
Number of homes listed for sale during May 2008 - 127 homes
Homes sold during May 2009 ~ 50
Average sold price during May 2009 ~ $1,517,000
Homes sold during May 2008 ~ 47
Average sold price during May 2008 ~ $1,487,000
REO homes sold during May 2009 ~ 3
Ave. price of REO home sold May 2009 ~ $478K (3 homes sold)
REO homes sold during May 2008 ~ 1
Ave. price of REO home sold May 2008 ~ $640K (one home sold)
Short listings during May 2009 ~ 20
Short listings during May 2008 ~ 7
Expired and canceled Listings May 2009 ~ 49
Expired and canceled Listings May 2008 ~ 87
Newport Beach zip code 92660 during May 2009 had 30 homes sold, a 20% increase as compared to May 2008.
Zip code 92660 had median sold price of $866k during May 2009, which was 36% down from same time May 2008.
Interesting article about OC beach areas ~ OC California Weakest Housing Markets at the Beach ~ Jon Lanser, OCRegister.com, June 18, 2009
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
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