We analyze several housing market indicators in order to present an in-depth breakdown of Newport Beach Real Estate Market comparing March 2009 to March 2010.

Summary of Key Points

Newport Beach Real Estate has shown  signs of improvement with median sales price moving up , nedian days on market dropping down and sellers receiving 90% of asking price.

Key Statistics, Newport Beach , CA: Median Sales Price (35.24%), Median Days on Market (-15.40%), and Number of Units Sold (118.18%), Sales Price to List Price Ratio (March 09 58% - March 10 90%)

Newport Beach Real Estate

The city of Newport Beach experienced a 35.24% increase in median sales price from last year going up from $1,243,000 (March 09) to $1,681,094 (March 2010). Median days on market data for Newport Beach show that houses are selling faster than March 09. It took 117 days in March 09 for a house to sell and for March 10 that number has gone down to 99 days (a 15.40% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 22 units were sold compared to 48 for March 10 (118.18% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Newport Beach. SP/LP ratio for March 09 was 58% compared to 90% for March 10.

Let’s take a brief look at neighbors Costa Mesa and Laguna Beach. Costa Mesa Real Estate featured an 11.31% increase in median sales price ($504,256 March 09 - $561,308 March 10) and Laguna Beach Real Estate saw an 21.28% increase ($1,574,304 March 09 - $1,909,312 March 10). Are houses in Costa Mesa and Laguna Beach selling faster or slower this year? Well, Costa Mesa experienced an 18.33% increase (59 to 69 days) in median days on market and Laguna Beach saw a 32.09% increase (124 to 164 days). In the units sold category, Costa Mesa sold 4 units more (8.89%) in March 2010 than 09 and Laguna Beach sold 7 units more (53.85%) in March 2010 than March 09.

Consult latest research and find Homes in all major cities in California including Newport Beach Real Estate, Costa Mesa Real Estate, Laguna Beach Real Estate.

You can also access Newport Beach Real Estate for viewing the latest market inventory

• Homes for sale for MLS Search,
• Bank REO / Short Sale Search
• Foreclosure Search ( Outside MLS)
• Just Listed Properties
• Income Properties (1-4 units)
• Condo searches
• New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

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