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Newport Beach Market Update | March 2015

By
Real Estate Agent with Sharon Paxson, Realtor® EQTY Forbes Global Properties 01501912

Newport Beach Homes for Sale and Market Update

The real estate market in Newport Beach is favoring a seller's market with an absorption rate of 4.3 months. There were 76 sales in the month of March, versus 49 in the month of February. That is a 37% increase over February with home sales in Newport Beach.

Buyers are taking advantage of the market, and interest rates. If you have any questions about your home value, please contact me.

Search the MLS for all Newport Beach homes for sale.  

Posted by

Sharon Paxson REALTOR®
EQTY Forbes Global Properties
949.280.0681

DRE 01501912

 

 

 

 

 

 

 

 

 

 

Comments(20)

Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

This is such a beautiful area and it looks like now is the time to buy! Best wishes for a successful season Sharon!!!

Apr 28, 2015 02:36 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

The Newport Beach area is favoring a seller's market . Time to call Sharon and get your house listed and sold!

Apr 28, 2015 02:58 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Sellers should take note & give you a call Sharon!  Buyers would be smart to move as well, before these low rates are history.

Apr 28, 2015 03:12 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

sharon - Newport Beach is such a beautiful spot.  I can see it being a sellers market.

Apr 28, 2015 03:16 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is a healthy increase over February. If it keeps up you will be at rock bottom inventory levels.

Apr 28, 2015 11:41 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sharon. Your market is really pretty strong, the increases over February are evidence for sure. Nice job with your report.

Apr 28, 2015 06:59 PM
Faith LaRosse
Springer Realty Group - Limerick, PA
Serving Berks, Chester & Montgomery Counties

Things seem to be really jumping in Newport Beach.  Buyers better get out there before the inventory is depleted. 

Apr 28, 2015 08:48 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Sharon.  Great update for those interested in the Newport Beach real estate market.

Apr 28, 2015 08:49 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Sharon, it looks like the market really picked up from February to March. A good sign of the months to come. Excellent job with your Newport Beach market update.

Apr 29, 2015 12:43 AM
Yolanda Cordova-Gilbert
Richmond, TX

Sharon,

It is a sellers market here as well, if you are thinking selling now is the time in Newport Beach call Sharon Paxson!

Apr 29, 2015 06:55 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Sharon, 

Newport is definitely in a sellers market position and closing were up a lot in March vs. Feb. Thanks for the market info and good luck as I hope you are enjoying some of these closings. 

Apr 29, 2015 07:54 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sharon

March 2015 Newport Beach real estate update shows the March 2015 as being active with a steady sales pace.

Good luck and success.

Lou Ludwig

 

Apr 29, 2015 09:36 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sharon, looks like good news for Newport Beach, sales spiked, and hope this continues through the next several months! 

Apr 29, 2015 10:51 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Sharon, Anyone thinking of selling their home in Newport Beach should call you.

Apr 29, 2015 10:04 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

You have time for a market report with a new puppy in the house? I'm impressed. And, I agree with the above - you are the one to call for real estate needs in Newport Beach.

Apr 30, 2015 06:58 AM
Yolanda Cordova-Gilbert
Richmond, TX

Sharon,

 Hope you are busy selling! Look forward to meeting you next time!

Apr 30, 2015 07:12 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sharon

A 37% sales increase year over year for February 2015 over February 2014 is strong increase in sales.

Good luck and success.

Lou Ludwig

Apr 30, 2015 08:25 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sharon - Newport Beach is such a beautiful place to live.  People love their homes.  Buyers and sellers should contact you for the most current information.

Apr 30, 2015 09:46 PM
Yolanda Cordova-Gilbert
Richmond, TX

Sharon,

 Just stopped by to say hello and hope you have  a faboulous weekend planned hard to believe we were in CA last week at this time!

May 01, 2015 05:59 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sharon, sure looks like Newport Beach's real estate market is strong and buyers need a seasoned agent to assist them and need to call YOU! 

May 01, 2015 09:35 AM