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Newport Coast Home Prices

By
Real Estate Agent with Abrams Coastal Properties

Newport Coast Home prices have continued to drop. Just this past week they did go up a bit but there still needs to be a considerable shift in demand before we see a significant change in pricing.

Newport Coast Price Trends

Last week I attended a foreclosure seminar and in Orange County, Newport Coast and Corona Del Mar were the 2 areas with the highest change June to July with foreclosures. While these 2 communities are very desirable and usually attract affluent folks, they have been hit by this horrible economy too!

Foreclosures Orange County

Whether you are a home seller or buyer, you can easily keep an eye on your area to see where prices are going. Just simply click here and fill out the form and you will immediately receive a free report in your email.

 

Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Mary, thank you for sharing your local market statistics. I always take interest how other parts of the country are doing. Cheers!

Sep 23, 2010 09:13 PM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Mary ... I also see information about preforeclosures being up at Newport Coast and Corona del Mar and wonder whether that is an anomaly or a trend to be with us for awhile.

Sep 24, 2010 04:44 AM
Mary Campbell
Abrams Coastal Properties - Newport Beach, CA

Harrison Im not sure how long this will go on. The president of Realty Trac was not very positive. I can't help but think that we may be in this situation a bit longer. I was hoping the foreclosures would skip our area, but no such luck. I still dont think it will be as drastic as other parts of California. Realty Trac seem to think that we will see foreclosures disbursed until 2013.

Sep 24, 2010 05:39 AM